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AMZN

Amazon.com

$1,870.91

0.61 (0.03%)

14:37
06/14/19
06/14
14:37
06/14/19
14:37

Amazon lays off dozens of employees in video game unit, Kotaku says

Amazon has quietly laid off dozens of employees in its video game business, Kotaku's Jason Schreier reports. Amazon Game Studios, which is currently developing online games "Crucible" and "New World," told affected workers on Thursday that they would have 60 days to find new positions within the e-commerce giant, Schreier says, citing one person who was laid off. At the end of that 60 day period, if they fail to find employement, they will be given severance packages, Schreier notes. Amazon also canceled some unannounced titles, that person told Kotaku. "Amazon Game Studios is reorganizing some of our teams to allow us to prioritize development of New World, Crucible, and new unannounced projects we're excited to reveal in the future," an Amazon spokesperson said in a statement. "These moves are the result of regular business planning cycles where we align resources to match evolving, long-range priorities. We're working closely with all employees affected by these changes to assist them in finding new roles within Amazon. Amazon is deeply committed to games and continues to invest heavily in Amazon Game Studios, Twitch, Twitch Prime, AWS, our retail businesses, and other areas within Amazon." Reference Link

  • 25

    Jun

  • 10

    Jul

AMZN Amazon.com
$1,870.91

0.61 (0.03%)

06/12/19
WEDB
06/12/19
NO CHANGE
Target $100
WEDB
Outperform
GrubHub best positioned amid Amazon Restaurants shutdown, says Wedbush
Wedbush analyst Ygal Arounian notes that Amazon (AMZN) announced that it will shut down Amazon Restaurants in the U.S., which he views as further evidence that rationality is creeping into the U.S. 3P food takeout market. The analyst sees GrubHub (GRUB) as the best positioned to maintain/regain strength in this environment, as it is the only U.S. third-party takeout provider that is profitable and has always been rational in only adding LTV positive customers. Arounian reiterates an Outperform rating and $100 price target on GrubHub's shares, but adds that he sees "significant room" for multiple expansion if investors regain confidence in this sector.
06/12/19
WEDB
06/12/19
NO CHANGE
Target $155
WEDB
Outperform
Microsoft momentum not slowing down, says Wedbush
Wedbush analyst Daniel Ives believes Microsoft (MSFT) remains in an "enviable position" heading into the rest of 2019 and 2020 on the heels of its cloud success and is firing on all cylinders around its Office 365 and Azure strategic vision based on his recent checks. So far in the June quarter the analyst is seeing a "clear acceleration" of larger and more strategic enterprise cloud deals as believes "Redmond is poised to win the lion's share" of the next phase of cloud deployments versus Amazon (AMZN). The shift to cloud is a major secular trend that is significantly benefiting Microsoft in the field and should continue its momentum heading into the next 12-18 months, he contends. Ives reiterates an Outperform rating and $155 price target on Microsoft's shares.
06/12/19
BOFA
06/12/19
NO CHANGE
Target $108
BOFA
Buy
Less competition for GrubHub amid Amazon Restaurants exit, says BofA/Merrill
Amazon's (AMZN) discontinuation of its U.S. restaurant delivery service removes the threat to GrubHub (GRUB) of Amazon expanding its online food delivery business organically, BofA/Merrill analyst Nat Schindler tells investors in a research note. Schindler notes that online food delivery is a large, fragmented, and rapidly evolving market with significant capital infusion from public and private investors, and Amazon may be shifting from "build" to "partner or buy" in this market. The analyst contends that while GrubHub has lost some market share recently, he sees growth as healthy overall, and says the disconnect between rising private valuations and recent declines in GrubHub's market cap may create an opportunity.
06/12/19
KEYB
06/12/19
NO CHANGE
Target $190
KEYB
Overweight
FedEx price target lowered to $190 from $215 at KeyBanc
KeyBanc analyst Todd Fowler lowered his price target for FedEx (FDX) to $190 from $215 ahead of Q4 to reflect trade uncertainty and some impact of the non-renewal of the U.S. domestic Express contract with Amazon (AMZN), partially offset by improved Ground margins, voluntary buyout benefits, and modest Freight contribution. The analyst reiterates an Overweight rating on the shares.

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BFAM

Bright Horizons

$141.18

1.73 (1.24%)

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GHDX

Genomic Health

$54.26

-0.04 (-0.07%)

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    Aug

CACI

CACI

$206.19

2.03 (0.99%)

04:55
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CACI to hold a conference call »

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  • 20

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SIGI

Selective Insurance

$76.39

0.24 (0.32%)

04:55
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04:55
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Selective Insurance management to meet with Buckingham »

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RVNC

Revance

$11.57

0.09 (0.78%)

04:55
06/20/19
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04:55
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04:55
Conference/Events
Revance management to meet with Needham »

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SMG

Scotts Miracle-Gro

$98.53

0.4 (0.41%)

04:55
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06/20
04:55
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Conference/Events
Scotts Miracle-Gro management to meet with William Blair »

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  • 20

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AJG

Arthur J. Gallagher

$86.81

0.775 (0.90%)

04:55
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04:55
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04:55
Conference/Events
Arthur J. Gallagher management to meet with SunTrust »

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  • 20

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BGSF

BG Staffing

$17.46

0.37 (2.17%)

04:55
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Conference/Events
BG Staffing management to meet with Oppenheimer »

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  • 20

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PZZA

Papa John's

$49.15

0.13 (0.27%)

04:55
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04:55
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Conference/Events
Papa John's management to meet with BTIG »

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  • 20

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SSW

Seaspan

$9.22

0.06 (0.66%)

04:55
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06/20
04:55
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04:55
Conference/Events
Seaspan management to meet with Seaport Global »

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  • 20

    Jun

04:55
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General news
Jobless Claims to be reported at 08:30 »

Week of 6/15 Jobless…

ASB

Associated Banc-Corp

$20.76

-0.1 (-0.48%)

, BFC

Bank First National

$71.11

-2.38 (-3.24%)

04:55
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04:55
Conference/Events
Sandler O'Neill to hold a field trip »

Wisconsin Community Bank…

ASB

Associated Banc-Corp

$20.76

-0.1 (-0.48%)

BFC

Bank First National

$71.11

-2.38 (-3.24%)

BWB

Bridgewater Bancshares

$11.38

0.19 (1.70%)

CZWI

Citizens Community Bancorp

$10.83

(0.00%)

FBIZ

First Business Financial

$23.41

-0.09 (-0.38%)

ICBK

County Bancorp

$17.19

(0.00%)

NCBS

Nicolet Bankshares

$61.99

0.19 (0.31%)

WSBF

Waterstone Financial

$16.85

-0.01 (-0.06%)

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CVS

CVS Health

$54.89

0.23 (0.42%)

04:55
06/20/19
06/20
04:55
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04:55
Conference/Events
CVS Health participates in a conference call with Morgan Stanley »

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  • 20

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NXPI

NXP Semiconductors

$96.25

1.49 (1.57%)

04:55
06/20/19
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04:55
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04:55
Conference/Events
NXP Semiconductors to hold a conference call »

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  • 20

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  • 09

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04:55
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04:55
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UBS leisure/gaming analyst to hold an analyst/industry conference call. »

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BJRI

BJ's Restaurants

$41.31

-1.29 (-3.03%)

04:55
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06/20
04:55
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04:55
Conference/Events
BJ's Restaurants management to meet with Stephens »

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CSL

Carlisle

$138.31

1.67 (1.22%)

04:55
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04:55
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04:55
Conference/Events
Carlisle management to meet with SunTrust »

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  • 20

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AEO

American Eagle

$17.82

0.13 (0.73%)

04:55
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04:55
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Conference/Events
American Eagle management to meet with UBS »

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VEEV

Veeva

$169.88

2.665 (1.59%)

04:55
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04:55
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Conference/Events
Veeva management to meet with William Blair »

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  • 20

    Jun

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  • 21

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    Jun

IDCC

InterDigital

$63.83

-0.8 (-1.24%)

04:55
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06/20
04:55
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04:55
Conference/Events
InterDigital management to meet with Oppenheimer »

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  • 20

    Jun

04:55
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Breaking General news story  »

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TAST

Carrols Restaurant

$8.44

-0.06 (-0.71%)

04:55
06/20/19
06/20
04:55
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Conference/Events
Carrols Restaurant management to meet with Stephens »

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  • 20

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FBC

Flagstar Bancorp

$32.37

0.255 (0.79%)

04:55
06/20/19
06/20
04:55
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Conference/Events
Flagstar Bancorp management to meet with Piper Jaffray »

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  • 20

    Jun

MR

Montage Resources

$6.75

-0.04 (-0.59%)

04:55
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Conference/Events
Montage Resources management to meet with Seaport Global »

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  • 20

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