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SPOT

Spotify

$152.49

1.29 (0.85%)

, AAPL

Apple

$209.04

8.55 (4.26%)

13:26
08/13/19
08/13
13:26
08/13/19
13:26

Spotify in talks with Apple over Siri voice commands, Information reports

Spotify Technology (SPOT) is in talks with Apple (AAPL) to let iPhone users tell Siri to play songs, playlists and albums with voice commands, Aaron Tilley and Jessica Toonkel of The Information report, citing three people familiar with the discussions. The talks come after Spotify in March filed a complaint with European competition authorities about Apple's business conduct, Tilley and Toonkel note. However, they add that a truce between the two companies is unlikely even if they reach a resolution over Siri. Shares of Spotify are up 2% to $153.75 following the report. Reference Link

SPOT

Spotify

$152.49

1.29 (0.85%)

AAPL

Apple

$209.04

8.55 (4.26%)

SPOT Spotify
$152.49

1.29 (0.85%)

08/01/19
MSCO
08/01/19
NO CHANGE
Target $180
MSCO
Overweight
Spotify price target raised to $180 from $170 at Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne noted that Spotify's paid net adds came in a bit behind expectations in Q2, but he said its full year net additions expectations are "essentially unchanged" and its engagement and funnel trends are "encouraging." He was further encouraged by better constant currency revenue growth and improvement in gross margins, said Swinburne, who raised his price target on Spotify shares to $180 from $170 following the quarterly report. He maintains an Overweight rating on Spotify.
08/01/19
08/01/19
UPGRADE
Target $150

Hold
Spotify upgraded to Hold at Loop Capital after 'another good quarter'
As previously reported, Loop Capital analyst Alan Gould upgraded Spotify to Hold and raised his price target to $150 from $125. The analyst said the company's Q2 marked "another good quarter" as it reached renewal deals with 2 of 4 major labels for global recording. Gould adds that Spotify's current valuation relative to other "high growth" internet stocks reflects its competitive position, also citing the CEO recent warrant exercise to buy an additional 800K shares.
08/01/19
08/01/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Spotify (SPOT) upgraded to Hold from Sell at Loop Capital with analyst Alan Gould saying the company's Q2 marked "another good quarter" as it reached renewal deals with 2 of 4 major labels for global recording. 2. Crown Castle (CCI) upgraded to Overweight from Neutral at JPMorgan. 3. Vanda Pharmaceuticals (VNDA) upgraded to Buy from Neutral at Citi with analyst Joel Beatty saying the current stock price is undervaluing Vanda's "profitable" base business due to "very poor" investor sentiment related to pipeline agent tradipitant. 4. United Therapeutics (UTHR) upgraded to Hold from Underperform at Jefferies with analyst Eun Yang citing valuation. 5. Five9 (FIVN) upgraded to Overweight from Neutral at JPMorgan and to Buy from Neutral at Dougherty. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/05/19
RHCO
08/05/19
NO CHANGE
Target $172
RHCO
Buy
Spotify price target raised to $172 from $160 at SunTrust
SunTrust analyst Matthew Thornton raised his price target on Spotify to $172 and kept his Buy rating after its Q2 results. The analyst notes that while subscriber net additions missed expectations, monthly active user, or MAU, growth "beat handily", with listening hours also rising 35% and active listeners up 30%. Thornton is also positive on the progress being made in label negotiations, outperforming gross margins, and "10s-of-millions of podcast MAUs disclosed by the management.
AAPL Apple
$209.04

8.55 (4.26%)

08/09/19
CHLM
08/09/19
DOWNGRADE
Target $28
CHLM
Hold
Synaptics downgraded to Hold from Buy at Craig-Hallum
Craig-Hallum analyst Anthony Stoss downgraded Synaptics (SYNA) to Hold from Buy and cut his price target to $28 from $38 after the company cut its guidance for fiscal 2020 significantly. In a research note to investors, Stoss says that while Synaptics is improving its gross margins and reducing opex, revenue is being impacted by Huawei issues and share shift at Apple (AAPL) away from LCD to OLED. The analyst thinks Synaptics' mobile business could be at risk of further declines given stiff competition in TDDI/DDIC solutions for both OLED and LCD, and sees the loss of Apple as a "real possibility" as rumors suggest Apple will move entirely to OLED phones for its CY20 iPhone models.
08/09/19
DADA
08/09/19
NO CHANGE
Target $48
DADA
Buy
Yelp CFO departure another indication of possible sale, says DA Davidson
DA Davidson analyst Tom Forte views the upcoming departure of CFO Lanny Baker as "another indication that Yelp (YELP) may be sold." Forte believes the company could be worth as much as $60 per share in a buyout. Yelp in afternoon trading is up 8%, or $2.93, to $37.76. Of the companies he covers, Forte says Yelp is the most likely to be sold given the low price of its shares, the involvement of an activist, and its strategic value to potential acquirers like Amazon.com (AMZN), Apple (AAPL), Facebook (FB) or Alphabet (GOOG, GOOGL). The analyst has a Buy rating on Yelp with a $48 price target.
08/13/19
WEDB
08/13/19
NO CHANGE
Target $245
WEDB
Outperform
First round of tariffs likely absorbed by Apple, says Wedbush
Wedbush analyst Daniel Ives does not believe Apple will pass the costs of the 10% tariff placed on $300B of Chinese goods by President Trump to U.S. consumers on the new smartphones hitting the market this September. All indications the analyst is seeing from the field and across the supply chain indicate the trifecta of smartphones will officially be released in the second week of September with pricing being very similar to last year's models. If the tariffs go ahead as planned this will reduce 2020 EPS by roughly 50c-55c based on his $12.80 estimate for the year, with Apple looking to absorb this first round of tariffs, he contends. However, Ives believes Apple is aggressively looking at alternative options within the supply chain in light of this "U.S./China UFC trade battle" around moving 5%-7% of iPhone production to India and/or Vietnam, away from China. The analyst reiterates an Outperform rating and a $245 price target on the shares.
08/13/19
FBCO
08/13/19
NO CHANGE
Target $209
FBCO
Neutral
China iPhone shipments July bounce back a positive for Apple, says Credit Suisse
Credit Suisse analyst Matthew Cabral notes that government data implies a big jump in July China Apple iPhone shipments, which rose 42% year over year in the month of July, despite a modest 3.5% year over year decline in the broader Chinese smartphone market. The analyst believes the bounce back is a positive for Apple and a "solid start" toward above-seasonal guidance for Q3, particularly against a backdrop of a slowing Chinese economy coupled with the re-escalation of trade tensions with the U.S. Nonetheless, Cabral points out that the trade overhang remains in focus as 10% U.S. tariffs approach. He reiterates a Neutral rating and a $209 price target on the shares.

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HA

Hawaiian Holdings

$25.44

0.31 (1.23%)

21:12
08/20/19
08/20
21:12
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21:12
Downgrade
Hawaiian Holdings rating change at Stifel »

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MHK

Mohawk

$112.98

-1.05 (-0.92%)

21:06
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21:06
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21:06
Upgrade
Mohawk rating change at Wells Fargo »

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SNV

Synovus

$35.18

-0.78 (-2.17%)

21:01
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BXS

BancorpSouth

$27.49

-0.415 (-1.49%)

20:59
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BancorpSouth initiated at DA Davidson »

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UCBI

United Community Banks

$26.63

-0.36 (-1.33%)

20:57
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20:57
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RNST

Renasant

$33.20

-0.375 (-1.12%)

20:57
08/20/19
08/20
20:57
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20:57
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  • 23

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FCCO

First Community

$18.31

(0.00%)

20:57
08/20/19
08/20
20:57
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20:57
Initiation
First Community initiated at DA Davidson »

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20:25
Conference/Events
Cantor Fitzgerald tech analyst to hold an analyst/industry conference call »

Technology & Business…

LOW

Lowe's

$98.04

3.07 (3.23%)

, TGT

Target

$85.57

-0.34 (-0.40%)

20:25
08/20/19
08/20
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

LOW

Lowe's

$98.04

3.07 (3.23%)

TGT

Target

$85.57

-0.34 (-0.40%)

ADI

Analog Devices

$110.35

-0.8 (-0.72%)

PLCE

Children's Place

$78.06

-2.6 (-3.22%)

03/08/13
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  • 25

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GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

, GOOGL

Alphabet Class A

$1,184.26

-15.68 (-1.31%)

19:02
08/20/19
08/20
19:02
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19:02
Periodicals
YouTube intends to end targeted ads on videos aimed at children, Bloomberg says »

In an effort to satisfy…

GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

GOOGL

Alphabet Class A

$1,184.26

-15.68 (-1.31%)

03/08/13
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  • 24

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HMNY

Helios and Matheson

$0.00

(0.00%)

18:59
08/20/19
08/20
18:59
08/20/19
18:59
Periodicals
MoviePass exposed card data of thousands of customers, TechCrunch says »

MoviePass, which is…

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PLM

PolyMet Mining

$0.34

-0.0125 (-3.60%)

18:49
08/20/19
08/20
18:49
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18:49
Hot Stocks
PolyMet Mining reports court declined to hear petition for environmental review »

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AAL

American Airlines

$25.83

-0.27 (-1.03%)

18:24
08/20/19
08/20
18:24
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18:24
Hot Stocks
American Airlines to pay $22.1M to settle DOJ false claims act allegations »

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  • 04

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  • 14

    Nov

LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

, URBN

Urban Outfitters

$20.93

0.07 (0.34%)

18:17
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18:17
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS:…

LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

URBN

Urban Outfitters

$20.93

0.07 (0.34%)

LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

NRZ

New Residential

$14.14

-0.115 (-0.81%)

NDSN

Nordson

$135.43

-1.79 (-1.30%)

CREE

Cree

$58.19

-0.09 (-0.15%)

SCSC

Scansource

$31.23

-0.56 (-1.76%)

JKHY

Jack Henry

$140.79

-0.72 (-0.51%)

TSLA

Tesla

$225.70

-1.05 (-0.46%)

WMT

Walmart

$112.12

-1.64 (-1.44%)

03/08/13
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  • 09

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  • 11

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  • 15

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  • 13

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LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

18:06
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08/20
18:06
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18:06
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SemiLEDs receives offer from Chinese investor to acquire 680K shares »

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CE

Celanese

$111.76

-0.72 (-0.64%)

18:01
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08/20
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Hot Stocks
Celanese announces ethyl acetate price increase in Europe »

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WMT

Walmart

$112.12

-1.64 (-1.44%)

17:50
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Walmart's Furner sells nearly 8,000 common shares »

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  • 15

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SPY

SPDR S&P 500 ETF Trust

$290.03

-2.28 (-0.78%)

, SPX

S&P 500

$0.00

(0.00%)

17:49
08/20/19
08/20
17:49
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17:49
Periodicals
Bond manager Gundlach says Fed 'has lost control,' Reuters reports »

According to often quoted…

SPY

SPDR S&P 500 ETF Trust

$290.03

-2.28 (-0.78%)

SPX

S&P 500

$0.00

(0.00%)

QQQ

Invesco QQQ Trust

$186.99

-1.3 (-0.69%)

DIA

Diamonds Fund ETF

$259.61

-1.71 (-0.65%)

SMH

Market Vectors Semiconductor

$113.43

-0.64 (-0.56%)

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URBN

Urban Outfitters

$20.93

0.07 (0.34%)

17:45
08/20/19
08/20
17:45
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17:45
Earnings
Urban Outfitters CEO says Q2 was 'difficult quarter' for the company »

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17:45
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General news
Breaking General news story  »

Federal Reserve Board of…

BA

Boeing

$331.94

-1.82 (-0.55%)

17:41
08/20/19
08/20
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17:41
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Boeing awarded $154.89M Army contract modification to procure Apache helicopters »

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  • 03

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CGC

Canopy Growth

$27.21

0.48 (1.80%)

17:35
08/20/19
08/20
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Hot Stocks
GTEC provides update on acquisition of Canopy Growth cultivation facility »

GTEC Holdings provided an…

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WTRH

Waitr Holdings

$1.39

-0.045 (-3.15%)

17:34
08/20/19
08/20
17:34
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17:34
Hot Stocks
Waitr Holdings jumps almost 9% after director Tilman Fertitta buys 1M shares »

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