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AMZN

Amazon.com

$1,791.82

16.72 (0.94%)

06:20
08/19/19
08/19
06:20
08/19/19
06:20

Amazon beats IRS appeal in U.S. tax dispute, Reuters reports

Amazon on Friday defeated an appeal by the IRS in what the company has called a $1.5B dispute over its tax treatment of transactions with a Luxembourg subsidiary, Reuters' Jonathan Stempel reports. The 9th U.S. Circuit Court of Appeals in Seattle upheld a 2017 ruling by the U.S. Tax Court related to intangible assets that Amazon.com transferred in 2005 and 2006 to the unit, Amazon Europe Holding Technologies SCS, according to the report. Amazon had warned it might face "significant" new tax liabilities if the Tax Court ruling was reversed, or the IRS approach was applied to other tax years. Reference Link

  • 27

    Oct

AMZN Amazon.com
$1,791.82

16.72 (0.94%)

08/08/19
MSCO
08/08/19
NO CHANGE
MSCO
Equal Weight
Financial impact of Amazon break-up limited for FedEx, says Morgan Stanley
After various media sources indicated yesterday that FedEx (FDX) and Amazon (AMZN) each confirmed that they will not renew their ground-delivery contract, Morgan Stanley analyst Ravi Shanker said he thinks the financial impact to FedEx should be limited, but "the symbolic impact for Parcels is significant." One of the two largest e-commerce parcel delivery companies in the U.S. is no longer doing any business with the dominant e-commerce player, which "would have been unthinkable 5-7 years ago," wrote Shanker, who questions if UPS (UPS) cannot afford to similarly break up with Amazon given their outsized exposure to them as a customer. He also questions when Amazon's contract with UPS is up for renewal and what they will do when that happens given Amazon's recent history of suddenly pulling or not renewing deals, such as with FedEx and XPO Logistics (XPO). Shanker has an Equal Weight rating on FedEx and an Underweight rating on UPS.
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.
08/14/19
BERN
08/14/19
NO CHANGE
BERN
Tesla executive turnover notably high, 'not outlandish,' says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. performed a detailed benchmarking analysis of executive turnover at Tesla (TSLA) and at comparable companies that are young, fast growing, and largely Silicon Valley based, including Snap (SNAP), Uber (UBER), Lyft (LYFT), Airbnb, Netflix (NFLX), Facebook (FB) and Amazon (AMZN). His analysis indicates that Tesla's annualized executive turnover level has been 27%, "notably higher" than the cohort average of 15%. With that said, the analyst notes that it is "not outlandish," with Snap at 24% and Lyft at 23%, which is nearly as high.
08/14/19
RBCM
08/14/19
UPGRADE
Target $112
RBCM
Outperform
Elastic upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst Matt Hedberg upgraded Elastic (ESTC) to Outperform and raised his price target to $112 from $94, saying that the company has now reported two strong quarters even though the stock has traded range-bound based on concerns around billings growth and the competition from Amazon's (AMZN) AWS. The analyst adds that his recent bus tour with the management has increased his confidence on his original bullish thesis on Elastic, and he sees the company continuing its "strong execution with an upward bias to estimates."

TODAY'S FREE FLY STORIES

ADDYY

Adidas

$0.00

(0.00%)

06:20
09/20/19
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06:20
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06:20
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W

Wayfair

$128.67

-3.065 (-2.33%)

06:20
09/20/19
09/20
06:20
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06:20
Initiation
Berenberg starts Wayfair with Sell rating on intensifying competition »

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SQ

Square

$59.08

-0.63 (-1.06%)

06:20
09/20/19
09/20
06:20
09/20/19
06:20
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Square analyst commentary  »

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    Sep

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  • 06

    Nov

FB

Facebook

$190.15

1.96 (1.04%)

06:19
09/20/19
09/20
06:19
09/20/19
06:19
Periodicals
Zuckerberg meets with Trump with Facebook on the defense, Bloomberg says »

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  • 20

    Sep

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ATO

Atmos Energy

$112.30

0.49 (0.44%)

06:18
09/20/19
09/20
06:18
09/20/19
06:18
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FE

FirstEnergy

$48.10

0.01 (0.02%)

06:17
09/20/19
09/20
06:17
09/20/19
06:17
Downgrade
FirstEnergy rating change  »

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  • 10

    Nov

  • 10

    Nov

NFLX

Netflix

$286.58

-4.97 (-1.70%)

06:17
09/20/19
09/20
06:17
09/20/19
06:17
Periodicals
Netflix CEO plans to make 'big increase' in buying U.K. content, Reuters reports »

Netflix plans to make a…

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  • 23

    Sep

  • 16

    Oct

GL

Globe Life

$94.34

-0.59 (-0.62%)

06:15
09/20/19
09/20
06:15
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06:15
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Globe Life initiated  »

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AAPL

Apple

$220.91

-1.8 (-0.81%)

06:14
09/20/19
09/20
06:14
09/20/19
06:14
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Apple analyst commentary  »

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ERIC

Ericsson

$8.19

0.04 (0.49%)

06:12
09/20/19
09/20
06:12
09/20/19
06:12
Upgrade
Ericsson rating change  »

Ericsson upgraded to Buy…

03/08/13
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  • 25

    Sep

STX

Seagate

$52.85

-3.89 (-6.86%)

06:12
09/20/19
09/20
06:12
09/20/19
06:12
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Seagate analyst commentary  »

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INTC

Intel

$51.58

-0.15 (-0.29%)

06:12
09/20/19
09/20
06:12
09/20/19
06:12
Periodicals
Intel increasing EUV equipment, material purchases, DigiTimes reports »

Intel has started placing…

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  • 24

    Oct

AMZN

Amazon.com

$1,822.21

4.21 (0.23%)

06:10
09/20/19
09/20
06:10
09/20/19
06:10
Periodicals
Amazon CEO announces goal to be carbon neutral by 2040, CNBC reports »

Amazon CEO Jeff Bezos has…

03/08/13
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  • 26

    Sep

  • 27

    Oct

RAMP

LiveRamp

$46.44

0.43 (0.93%)

06:10
09/20/19
09/20
06:10
09/20/19
06:10
Upgrade
LiveRamp rating change  »

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TCP

TC PipeLines

06:07
09/20/19
09/20
06:07
09/20/19
06:07
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TC PipeLines rating change  »

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EPAM

Epam Systems

$185.46

0.86 (0.47%)

06:07
09/20/19
09/20
06:07
09/20/19
06:07
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Epam Systems initiated  »

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FB

Facebook

$190.15

1.96 (1.04%)

06:06
09/20/19
09/20
06:06
09/20/19
06:06
Periodicals
Person dies by suicide at Facebook headquarters in Menlo Park, BI reports »

A Facebook employee has…

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  • 20

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CTSH

Cognizant

$63.44

-0.07 (-0.11%)

06:06
09/20/19
09/20
06:06
09/20/19
06:06
Initiation
Cognizant initiated  »

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FB

Facebook

$190.15

1.96 (1.04%)

06:05
09/20/19
09/20
06:05
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06:05
Hot Stocks
Trump says 'nice meeting with' Facebook CEO Mark Zuckerberg »

President Donald Trump…

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  • 20

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    Oct

XLNX

Xilinx

$103.59

-1.3 (-1.24%)

06:04
09/20/19
09/20
06:04
09/20/19
06:04
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Xilinx rating change  »

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  • 23

    Oct

SAIC

SAIC

$83.88

-0.46 (-0.55%)

06:03
09/20/19
09/20
06:03
09/20/19
06:03
Initiation
SAIC initiated  »

SAIC initiated with an…

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LDOS

Leidos

$87.37

-0.21 (-0.24%)

06:02
09/20/19
09/20
06:02
09/20/19
06:02
Initiation
Leidos initiated  »

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CACI

CACI

$224.49

-1.76 (-0.78%)

06:01
09/20/19
09/20
06:01
09/20/19
06:01
Initiation
CACI initiated  »

CACI initiated with an…

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BAH

Booz Allen

$72.55

0.62 (0.86%)

06:00
09/20/19
09/20
06:00
09/20/19
06:00
Initiation
Booz Allen initiated  »

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  • 27

    Oct

  • 01

    Nov

GIB

CGI Group

$78.68

0.83 (1.07%)

05:58
09/20/19
09/20
05:58
09/20/19
05:58
Initiation
CGI Group initiated  »

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