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FB

Facebook

$202.78

0.08 (0.04%)

10:30
07/11/19
07/11
10:30
07/11/19
10:30

Powell says Fed does not have oversight of Facebook, Libra

Federal Reserve Chairman Jerome Powell, giving testimony for a second day in front of congressional lawmakers, continues to answer questions about Facebook (FB) and its plans for a digital currency called Libra. Powell said the Fed does not have oversight over Facebook and over Libra and that a collection of regulators must come to together to discuss the company's plans in a thoughtful manner. Yesterday, Powell said during his testimony that the Fed had formed a working group to discuss Libra.

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    Jul

FB Facebook
$202.78

0.08 (0.04%)

06/28/19
LOOP
06/28/19
NO CHANGE
Target $225
LOOP
Buy
Facebook price target raised to $225 from $200 at Loop Capital
Loop Capital analyst Alan Gould raised his price target for Facebook to $225 from $200 and reiterates a Buy rating on the shares. The Libra initiative will help "balance the narrative" on Facebook to innovation as opposed to privacy and regulation, and is another step towards monetization of its messaging platforms, Gould tells investors in a research note. Further, the analyst believes Facebook will continue to beat and raise on quarterly earnings as "engagement has held despite the privacy issues." Advertisers simply have few alternatives that match the company's reach and targeting capability, stays Gould.
07/01/19
JEFF
07/01/19
NO CHANGE
Target $230
JEFF
Buy
Jefferies survey shows most unlikely to use Facebook cryptocurrency
Jefferies analyst Brent Thill believes Facebook's Libra is unlikely to be a near-term "game-changer" for the company after he surveyed 600 U.S. social media users. Most of those surveyed said they were unlikely to use the cryptocurrency, Thill tells investors in a research note. A lack of trust in Facebook and existing mobile payment wallets were cited as impediments to adoption, explains the analyst. Thill, however, remains bullish on Facebook's core advertising opportunity. He sees $10 of earnings per share in two years and keeps a Buy rating on the stock with a $230 price target.
07/09/19
LEHM
07/09/19
NO CHANGE
Target $240
LEHM
Overweight
Facebook shares 'too cheap to keep ignoring,' says Barclays
Barclays analyst Ross Sandler expects Facebook to report above-consensus earnings and revenue in Q2 and he recommends adding to share positions in the print. Checks remain "solid" around cadence of both newsfeed and stories ad revenue for Q2, Sandler tells investors in a pre-earnings research note titled "Too Cheap To Keep Ignoring." The analyst thinks that as the conversation moves away from putting out "privacy fires" and back toward innovation, Facebook shares can continue to move higher.
07/10/19
OTRG
07/10/19
NO CHANGE
OTRG
Positive
Facebook display ad spending growth accelerated in Q2, says OTR Global
OTR Global said its checks with representatives of online agency media buyers, search agency directors and others in the social media advertising business indicate that Facebook display advertisement spending growth accelerated on a year-over-year basis during Q2, helped by improved targeting and optimization tools. Q2 display pricing remained strong, increasing slightly quarter-over-quarter, and U.S. Instagram share of overall Facebook spending is expected to continue to increase in Q3, the firm added, based on its checks.

TODAY'S FREE FLY STORIES

PNR

Pentair

$37.59

0.21 (0.56%)

07:01
07/23/19
07/23
07:01
07/23/19
07:01
Earnings
Pentair reports Q2 adjusted EPS 69c, consensus 65c »

Reports Q2 revenue $800M,…

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SKIS

Peak Resorts

$10.85

5.71 (111.09%)

, MTN

Vail Resorts

$235.48

9.665 (4.28%)

07:01
07/23/19
07/23
07:01
07/23/19
07:01
Downgrade
Peak Resorts, Vail Resorts rating change  »

Peak Resorts downgraded…

SKIS

Peak Resorts

$10.85

5.71 (111.09%)

MTN

Vail Resorts

$235.48

9.665 (4.28%)

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KO

Coca-Cola

$51.25

-0.15 (-0.29%)

07:00
07/23/19
07/23
07:00
07/23/19
07:00
Earnings
Coca-Cola sees FY19 5% growth in organic revenues »

FY19 revenue consensus…

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HOG

Harley-Davidson

$34.25

-0.62 (-1.78%)

07:00
07/23/19
07/23
07:00
07/23/19
07:00
Hot Stocks
Harley-Davidson cuts FY19 shipment view to 212,000-217,000 from 217,000-222,000 »

Sees FY19 motorcycles…

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  • 23

    Jul

UTX

United Technologies

$132.94

0.57 (0.43%)

06:59
07/23/19
07/23
06:59
07/23/19
06:59
Earnings
United Technologies reports Q2 adj. EPS $2.20, consensus $2.05 »

Reports Q2 revenue…

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  • 23

    Jul

DRI

Darden

$125.43

1.03 (0.83%)

06:59
07/23/19
07/23
06:59
07/23/19
06:59
Initiation
Darden initiated  »

Darden initiated with an…

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CDOR

Condor Hospitality Trust

$10.97

2.7 (32.65%)

06:58
07/23/19
07/23
06:58
07/23/19
06:58
Downgrade
Condor Hospitality Trust rating change  »

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CTG

Computer Task Group

$4.08

0.025 (0.62%)

06:58
07/23/19
07/23
06:58
07/23/19
06:58
Earnings
Computer Task Group sees FY19 non-GAAP EPS 32c-38c, consensus 33c »

Raises FY19 revenue view…

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CADE

Cadence Bancorp

$15.86

-3.75 (-19.12%)

06:58
07/23/19
07/23
06:58
07/23/19
06:58
Recommendations
Cadence Bancorp analyst commentary  »

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TRV

Travelers

$149.95

-0.22 (-0.15%)

06:58
07/23/19
07/23
06:58
07/23/19
06:58
Hot Stocks
Travelers reports Q2 book value per share $97.26 »

Book value per share of…

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CTSH

Cognizant

$65.54

0.42 (0.64%)

06:58
07/23/19
07/23
06:58
07/23/19
06:58
Downgrade
Cognizant rating change  »

Cognizant downgraded to…

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  • 31

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TRV

Travelers

$149.95

-0.22 (-0.15%)

06:57
07/23/19
07/23
06:57
07/23/19
06:57
Earnings
Travelers reports Q2 core EPS $2.02, consensus $2.29 »

Reports Q2 revenue…

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HOG

Harley-Davidson

$34.25

-0.62 (-1.78%)

06:57
07/23/19
07/23
06:57
07/23/19
06:57
Earnings
Harley-Davidson reports Q2 ex-items EPS $1.46, consensus $1.20 »

Reports Q2 revenue…

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  • 23

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KO

Coca-Cola

$51.25

-0.15 (-0.29%)

06:56
07/23/19
07/23
06:56
07/23/19
06:56
Earnings
Coca-Cola provides Q3 outlook »

Comparable net revenues…

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CTG

Computer Task Group

$4.08

0.025 (0.62%)

06:56
07/23/19
07/23
06:56
07/23/19
06:56
Earnings
Computer Task Group reports Q2 non-GAAP EPS 9c, consensus 7c »

Reports Q2 revenue…

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KO

Coca-Cola

$51.25

-0.15 (-0.29%)

06:55
07/23/19
07/23
06:55
07/23/19
06:55
Earnings
Coca-Cola reports Q2 comparable cont ops EPS 63c, consensus 61c »

Reports Q2 revenue $10B,…

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ZION

Zions Bancorp

$45.16

-0.95 (-2.06%)

06:54
07/23/19
07/23
06:54
07/23/19
06:54
Recommendations
Zions Bancorp analyst commentary  »

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TRU

TransUnion

$74.91

-0.14 (-0.19%)

06:54
07/23/19
07/23
06:54
07/23/19
06:54
Hot Stocks
TransUnion says TransUnion Limited victim of criminal fraud »

"On July 12, 2019,…

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LKSD

LSC Communications

$3.48

0.015 (0.43%)

06:54
07/23/19
07/23
06:54
07/23/19
06:54
Earnings
LSC Communications sees Q2 revenue $ $865M-$875M, consensus $881.33M »

Sees Q2 GAAP net loss of…

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AN

AutoNation

$42.01

-0.045 (-0.11%)

06:53
07/23/19
07/23
06:53
07/23/19
06:53
Recommendations
AutoNation analyst commentary  »

AutoNation shares to…

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  • 23

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TRU

TransUnion

$74.91

-0.14 (-0.19%)

06:53
07/23/19
07/23
06:53
07/23/19
06:53
Earnings
TransUnion sees Q3 adjusted EPS 69c-71c, consensus 69c »

Sees Q3 adjusted revenue…

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  • 23

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MTG

MGIC Investment

$13.16

-0.12 (-0.90%)

06:52
07/23/19
07/23
06:52
07/23/19
06:52
Earnings
MGIC Investment reports Q2 EPS 46c, consensus 42c »

Reports Q2 revenue…

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  • 23

    Jul

TRU

TransUnion

$74.91

-0.14 (-0.19%)

06:52
07/23/19
07/23
06:52
07/23/19
06:52
Earnings
TransUnion raises FY19 adjusted EPS view to $2.66-$2.69 from $2.60-$2.65 »

FY19 consensus $2.65. The…

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  • 23

    Jul

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DGX

Quest Diagnostics

$98.07

-1.175 (-1.18%)

06:51
07/23/19
07/23
06:51
07/23/19
06:51
Earnings
Quest Diagnostics backs FY19 adj. EPS view of greater than $6.40 »

Consensus $6.46. Backs…

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  • 23

    Jul

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    Sep

HCAT

Health Catalyst

$0.00

(0.00%)

06:51
07/23/19
07/23
06:51
07/23/19
06:51
Syndicate
Health Catalyst raises IPO price range to $24.00-$25.00, increases shares »

The Health Catalyst IPO…

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