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VZ

Verizon

$55.67

-0.11 (-0.20%)

06:08
08/13/19
08/13
06:08
08/13/19
06:08

Verizon selling Tumblr to Automattic for 'less than $3M,' The Verge reports

Automattic, the parent of WordPress, is buying Tumblr from Verizon for "less than $3M," The Verge's Julia Alexander reports. Verizon acquired Tumblr in 2013 from Yahoo for $1.1B. Reference Link

  • 13

    Aug

VZ Verizon
$55.67

-0.11 (-0.20%)

07/25/19
OPCO
07/25/19
NO CHANGE
Target $90
OPCO
Outperform
T-Mobile/Sprint merger negative for tower, cable stocks, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that recent reports suggest that the DOJ is set to approve the T-Mobile (TMUS)/Sprint (S) merger, which will "dramatically alter" the wireless landscape. The combined entity has double the spectrum of Verizon (VZ), more cell sites and spends as much on CAPX, but it trades at almost one-half the value per subscriber, he contends. The analyst expects churn to pick through the process, which he sees as positive for AT&T (T)/Verizon. Additionally, Horan sees this merger as negative for the tower and cable stocks, all of which are fully valued. He has an Outperform rating and a $90 price target on T-Mobile's shares.
07/29/19
KEYB
07/29/19
NO CHANGE
KEYB
T-Mobile, Sprint deal negative for AT&T/Verizon, says KeyBanc
Commenting on T-Mobile (TMUS)/Sprint (S) deal approval and Dish (DISH) acquisition of Sprint's Prepaid business and Sprint's 800MHz Spectrum for a total of $5.0B, KeyBanc analyst Brandon Nispel says he continues to believe the wireless industry is getting more competitive with the entrance of cable providers and that this merger is a driving force to take competition to another level as it enables T-Mobile to be more aggressive, while also enabling Dish to advance its wireless ambitions. Given the increasing competitive nature of the wireless market, Nispel thinks the implications are negative for AT&T (T) and Verizon (VZ) given their already low gross add share and potential for churn to rise through a more active promotional environment.
07/29/19
FBCO
07/29/19
NO CHANGE
FBCO
Credit Suisse sees virtually no impact for AT&T, Verizon from Dish near-term
Following the Justice Department's settlement with T-Mobile (TMUS) and Sprint (S), Credit Suisse analyst Douglas Mitchelson notes that for Altice USA (ATUS), the settlement requires mobile virtual network operator contracts to be extended through at least 7 years post closing, which he views as a "significant positive" for Altice. For cable broadly, Dish (DISH) would represent an "intriguing option" for entry into the wireless business longer-term if CEO decided to sell the company, he contends. The analyst would expect that Comcast (CMCSA) and Charter (CHTR) would wait until the point where wireless pricing and valuations are thought to have bottomed. For AT&T (T) and Verizon (VZ), Mitchelson sees virtually no impact from Dish the next few years as the company will be just focused on scaling marketing of its T-Mobile MVNO while building its wireless network. Longer-term, while Dish might be in a position to deflate wireless pricing, AT&T and Verizon should still have superior coverage, network density, backhaul, scale, and quality of service, he adds.
07/29/19
WELS
07/29/19
NO CHANGE
WELS
Sprint, T-Mobile merger mixed for towers, says Wells Fargo
Wells Fargo analyst Jennifer Fritzsche sees the Sprint (S)/T-Mobile (TMUS) deal as mixed for towers. One "major positive" is that Dish (DISH) will have the option to assume leases on certain cell sites that are decommissioned by New T-Mobile for 5 years, which lessens the looming churn risk the towers faced as Sprint sites would be decommissioned, but it also lessens the "manna from heaven" impact of bringing in a new carrier that would have a Greenfield tower build, she contends. Additionally, the analyst notes that those towers which were now benefiting from some Dish work could see some near-term pause given the removal of its March 2020 build deadline. Fritzsche also argues that longer term, a new competitor is an incremental negative for AT&T (T) and Verizon (VZ) given Dish's disruptive nature.

TODAY'S FREE FLY STORIES

ADBE

Adobe

$284.59

1.54 (0.54%)

, WWE

WWE

$75.88

1.73 (2.33%)

07:35
09/18/19
09/18
07:35
09/18/19
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

ADBE

Adobe

$284.59

1.54 (0.54%)

WWE

WWE

$75.88

1.73 (2.33%)

03/08/13
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  • 23

    Oct

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    Oct

BIIB

Biogen

$238.65

2.54 (1.08%)

07:34
09/18/19
09/18
07:34
09/18/19
07:34
Hot Stocks
Biogen to present new data from SHINE study on safety and efficacy of SPINRAZA »

Biogen announced updates…

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  • 22

    Oct

IAC

IAC

$236.73

7.5 (3.27%)

, MTCH

Match Group

$79.70

3 (3.91%)

07:33
09/18/19
09/18
07:33
09/18/19
07:33
Recommendations
IAC, Match Group, Angi Homeservices analyst commentary  »

IAC spinoffs could unlock…

IAC

IAC

$236.73

7.5 (3.27%)

MTCH

Match Group

$79.70

3 (3.91%)

ANGI

Angi Homeservices

$7.60

-0.31 (-3.92%)

03/08/13
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  • 10

    Oct

EFX

Equifax

$141.79

1.78 (1.27%)

07:32
09/18/19
09/18
07:32
09/18/19
07:32
Hot Stocks
Equifax partners with Urjanet for utility payment data sharing platform »

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  • 27

    Oct

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    Nov

BHVN

Biohaven Pharmaceutical

$47.24

-0.8 (-1.67%)

07:32
09/18/19
09/18
07:32
09/18/19
07:32
Hot Stocks
Biohaven Pharmaceutical's verdiperstat selected for ALS platform trial »

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BIIB

Biogen

$238.65

2.54 (1.08%)

07:32
09/18/19
09/18
07:32
09/18/19
07:32
Hot Stocks
Biogen to initiate DEVOTE clinical trial evaluating higher dose of SPINRAZA »

Biogen announced updates…

03/08/13
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  • 22

    Oct

FDX

FedEx

$173.53

-0.14 (-0.08%)

, UPS

UPS

$122.40

-0.245 (-0.20%)

07:30
09/18/19
09/18
07:30
09/18/19
07:30
Recommendations
FedEx, UPS analyst commentary  »

Hard to see rebound for…

FDX

FedEx

$173.53

-0.14 (-0.08%)

UPS

UPS

$122.40

-0.245 (-0.20%)

03/08/13
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  • 18

    Sep

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  • 01

    Oct

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    Nov

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    Dec

MAS

Masco

$41.28

-1.44 (-3.37%)

07:29
09/18/19
09/18
07:29
09/18/19
07:29
Downgrade
Masco rating change  »

Masco downgraded to…

03/08/13
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TNDM

TNDM

07:24
09/18/19
09/18
07:24
09/18/19
07:24
Conference/Events
Tandem Diabetes management to meet with Oppenheimer »

Meeting to be held in…

03/08/13
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  • 19

    Sep

ADBE

Adobe

$284.59

1.54 (0.54%)

07:23
09/18/19
09/18
07:23
09/18/19
07:23
Recommendations
Adobe analyst commentary  »

Adobe weakness a buying…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Oct

  • 27

    Oct

GLW

Corning

$28.25

-1.79 (-5.96%)

07:23
09/18/19
09/18
07:23
09/18/19
07:23
Recommendations
Corning analyst commentary  »

Corning shares remain…

03/08/13
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SYNH

Syneos Health

$54.63

-0.77 (-1.39%)

07:23
09/18/19
09/18
07:23
09/18/19
07:23
Conference/Events
Syneos Health management to meet with Jefferies »

Meeting to be held in New…

03/08/13
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  • 19

    Sep

  • 27

    Sep

AXSM

Axsome Therapeutics

$28.17

-0.97 (-3.33%)

07:23
09/18/19
09/18
07:23
09/18/19
07:23
Initiation
Axsome Therapeutics initiated  »

William Blair starts…

03/08/13
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FDX

FedEx

$173.53

-0.14 (-0.08%)

07:21
09/18/19
09/18
07:21
09/18/19
07:21
Recommendations
FedEx analyst commentary  »

FedEx price target…

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  • 23

    Sep

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  • 01

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  • 17

    Dec

SU

Suncor

$32.14

-0.31 (-0.96%)

07:21
09/18/19
09/18
07:21
09/18/19
07:21
Conference/Events
Suncor management to meet with Morgan Stanley »

Refinery Tour with…

03/08/13
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  • 19

    Sep

NERV

Minerva

$8.09

-0.03 (-0.37%)

07:20
09/18/19
09/18
07:20
09/18/19
07:20
Initiation
Minerva initiated  »

Minerva initiated with an…

03/08/13
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ZBH

Zimmer Biomet

$138.86

1.25 (0.91%)

07:20
09/18/19
09/18
07:20
09/18/19
07:20
Upgrade
Zimmer Biomet rating change  »

Zimmer Biomet upgraded to…

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  • 25

    Sep

07:20
09/18/19
09/18
07:20
09/18/19
07:20
General news
FX Update: The dollar traded moderately firmer »

FX Update: The dollar…

FDX

FedEx

07:19
09/18/19
09/18
07:19
09/18/19
07:19
Recommendations
FedEx analyst commentary  »

FedEx price target…

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  • 23

    Sep

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  • 01

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  • 17

    Dec

MTDR

Matador

$17.10

-1.8 (-9.52%)

07:19
09/18/19
09/18
07:19
09/18/19
07:19
Initiation
Matador initiated  »

Matador initiated with a…

03/08/13
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  • 18

    Sep

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  • 23

    Sep

  • 24

    Sep

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    Sep

CBAY

CymaBay

$5.86

-0.02 (-0.34%)

07:17
09/18/19
09/18
07:17
09/18/19
07:17
Recommendations
CymaBay analyst commentary  »

CymaBay CMO change about…

03/08/13
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  • 23

    Sep

BYSI

BeyondSpring

$19.60

-0.21 (-1.06%)

07:14
09/18/19
09/18
07:14
09/18/19
07:14
Hot Stocks
BeyondSpring expects to submit NDAs for Plinabulin in U.S. in 2020 »

The following outlines…

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  • 18

    Sep

STAG

STAG Industrial

$29.71

-0.055 (-0.18%)

07:14
09/18/19
09/18
07:14
09/18/19
07:14
Conference/Events
STAG Industrial management to meet with RBC Capital »

Meeting to be held in…

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  • 19

    Sep

NBY

NovaBay

$0.53

0.0089 (1.72%)

07:13
09/18/19
09/18
07:13
09/18/19
07:13
Initiation
NovaBay initiated  »

NovaBay initiated with a…

03/08/13
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  • 24

    Sep

  • 09

    Oct

LECO

Lincoln Electric

$89.48

0.38 (0.43%)

07:13
09/18/19
09/18
07:13
09/18/19
07:13
Downgrade
Lincoln Electric rating change  »

Lincoln Electric…

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