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FB

Facebook

$184.68

-1.54 (-0.83%)

, AOBC

American Outdoor Brands

$7.61

-0.18 (-2.31%)

11:56
08/20/19
08/20
11:56
08/20/19
11:56

Facebook Marketplace has become a place to buy guns, WSJ says

Parmy Olson and Zusha Elinson of the Wall Street Journal write that Facebook (FB) Marketplace has become "an online gun bazaar" even in lieu of the recent spate of mass shootings that has taken place. According to the WSJ story, "The private sale of many items, including guns, are specifically forbidden by Facebook rules. But sellers are getting around that with a simple trick: They list gun cases or boxes at inflated prices." Publicly traded shares in the firearms space include American Outdoor Brands (AOBC), Sturm Ruger (RGR), Vista Outdoor (VSTO). Reference Link

FB

Facebook

$184.68

-1.54 (-0.83%)

AOBC

American Outdoor Brands

$7.61

-0.18 (-2.31%)

RGR

Sturm, Ruger

$40.88

-0.98 (-2.34%)

VSTO

Vista Outdoor

$4.73

0.01 (0.21%)

  • 29

    Aug

  • 10

    Sep

  • 15

    Sep

  • 19

    Sep

  • 24

    Sep

  • 27

    Oct

FB Facebook
$184.68

-1.54 (-0.83%)

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.
08/02/19
08/02/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL), Facebook (FB), and Amazon.com (AMZN) initiated with a Buy at MKM Partners. 2. iHeartMedia (IHRT) initiated with an Overweight at JPMorgan. 3. NuStar Energy (NS) initiated with a Neutral at Mizuho. 4. Ultragenyx (RARE) assumed with an Outperform at Wedbush. 5. Avantor (AVTR) initiated with a Neutral at Cleveland Research. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/02/19
MKMP
08/02/19
INITIATION
Target $245
MKMP
Buy
Facebook assumed with a Buy at MKM Partners
MKM Partners analyst Rohit Kulkani assumed coverage of Facebook with a Buy rating and a price target of $245, saying the stock offers a "rare combination" of scale, growth, and profitability. The analyst contends that the company still has "significant growth runway ahead" toward improving ad targeting, user experience, and monetization across its platforms.
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.
AOBC American Outdoor Brands
$7.61

-0.18 (-2.31%)

03/13/19
03/13/19
DOWNGRADE
Target $11

Neutral
American Outdoor Brands downgraded to Neutral at Wedbush
As previously reported, Wedbush analyst James Hardiman downgraded American Outdoor Brands to Neutral from Outperform given unfavorable near-term catalysts. Following significantly better-than-expected results so far this year, the analyst believes the selloff in the shares has been overdone especially given the opportunity for the company to manufacture growth in FY20 independent of a major rebound in demand. However, Hardiman believes the near-term outlook, which includes the toughest comps of the Trump era and a hazardous FY20 guide, is more likely to further spook investors than to bring them onboard. He also lowered his price target on the shares to $11 from $13.50.
03/13/19
WEDB
03/13/19
DOWNGRADE
WEDB
Neutral
American Outdoor Brands downgraded to Neutral from Outperform at Wedbush
11/01/18
11/01/18
DOWNGRADE
Target $13

Hold
American Outdoor Brands downgraded to Hold on soft demand at Craig-Hallum
As previously reported, Craig-Hallum analyst Steve Dyer downgraded American Outdoor Brands to Hold from Buy as his checks indicate firearm demand has remained "stubbornly soft" through important seasonal selling season. The analyst also lowered his price target on the shares to $13 from $15.
06/20/19
LSCM
06/20/19
NO CHANGE
Target $17
LSCM
Buy
American Outdoor Brands transitioned with Buy, $17 target at Lake Street
Lake Street transitioned coverage of American Outdoor Brands to analyst Mark Smith who kept a Buy rating on the shares with a $17 price target. The company reported Q4 well ahead of estimates but guidance for Q1 was lower than expected as management projects growth will be largely back- end loaded this fiscal year, Smith tells investors in a research note. Heavy promotions boosted results late in the quarter, but this likely moved forward some sales out of Q1, contends the analyst. However, he thinks American Outdoor's long-term story is intact.
RGR Sturm, Ruger
$40.88

-0.98 (-2.34%)

10/03/18
WEDB
10/03/18
NO CHANGE
Target $16.5
WEDB
Outperform
Gun background checks decline worse than expected at Wedbush
Wedbush analyst James Hardiman noted that National Instant Criminal Background Check System, or NICS, data released on Wednesday morning showed that checks were down 10% in the month of September. While there is no consensus for NICS checks, the 10% drop was worse than the 5% decline in August and worse than his estimate of a low-to-mid single-digit decline, Hardiman tells investors. While he continues to expect declines in background checks in the short-term, inventories and the promotional environment are much healthier than this time last year, added Hardiman, who keeps an Outperform rating on American Outdoor Brands (AOBC). Sturm, Ruger (RGR) is another publicly traded gunmaker whose shares may react to the NICS data.
VSTO Vista Outdoor
$4.73

0.01 (0.21%)

05/10/19
MONN
05/10/19
UPGRADE
MONN
Buy
Vista Outdoor upgraded to Buy from Neutral at Monness Crespi
07/09/19
07/09/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Chewy (CHWY) was initiated with an Outperform at William Blair and Wells Fargo, an Overweight at JPMorgan, a Buy at BofA/Merrill and UBS, an Equal Weight at Morgan Stanley and Barclays, a Market Perform at Raymond James, a Sector Perform at RBC Capital, a Hold at Jefferies, and a Neutral at Nomura Instinet. 2. Intellia Therapeutics (NTLA) initiated with an Outperform at Baird. 3. Slack Technologies (WORK) initiated with a Perform at Oppenheimer. 4. AAR Corp. (AIR) initiated with a Buy at Stifel. 5. Vista Outdoor (VSTO) initiated with a Buy at Lake Street. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/09/19
LSCM
07/09/19
INITIATION
Target $11
LSCM
Buy
Vista Outdoor initiated with a Buy at Lake Street
Lake Street analyst Mark Smith started Vista Outdoor with a Buy rating and $11 price target. The company is poised to improve results and see better industry trends over the next two years, Smith tells investors in a research note. The analyst believes the ammunition industry has stabilized and could see "significant" growth entering an election year. Further, Vista Outdoor's improved stable of brands in the Outdoor Products segment are primed for sales growth and margin expansion, contends Smith.

TODAY'S FREE FLY STORIES

UPS

UPS

$120.71

1.61 (1.35%)

21:22
09/20/19
09/20
21:22
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21:22
Conference/Events
UPS management to meet with UBS »

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    Sep

DIS

Disney

$132.18

-1.14 (-0.86%)

, T

AT&T

$37.92

0.78 (2.10%)

18:17
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Periodicals
Disney reaches TV carriage agreement with AT&T, Bloomberg says »

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Disney

$132.18

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T

AT&T

$37.92

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BA

Boeing

$379.33

-5.28 (-1.37%)

18:15
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Icelandair reaches deal for Boeing to cover costs associated with 737, WSJ says »

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MCF

Contango Oil & Gas

$1.71

-0.07 (-3.93%)

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Karlin Asset Management reports 11.4% passive stake in Contango Oil & Gas »

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GLD

SPDR Gold Shares

$142.97

1.68 (1.19%)

17:41
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VXRT

Vaxart

$0.58

-0.0307 (-5.03%)

17:37
09/20/19
09/20
17:37
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17:37
Syndicate
Vaxart files to sell 15.6M shares of common stock »

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AAPL

Apple

$217.69

-3.22 (-1.46%)

17:34
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17:34
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17:34
Periodicals
Apple given tariff exclusion on certain Mac Pro parts, Bloomberg says »

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IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

17:31
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17:31
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II-VI to enter S&P 400; Callon Petroleum, PriceSmart to enter S&P SmallCap600 »

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IIVI

II-VI

$39.05

-0.5 (-1.26%)

CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

FNSR

Finisar

$24.31

1.25 (5.42%)

03/08/13
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  • 23

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

, JEF

Jefferies Financial Group

$19.47

-0.19 (-0.97%)

17:26
09/20/19
09/20
17:26
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17:26
Hot Stocks
NVR to replace Jefferies Financial Group in the S&P 500 at open on September 26 »

NVR (NVR) will replace…

NVR

NVR

$3,632.55

-30.45 (-0.83%)

JEF

Jefferies Financial Group

$19.47

-0.19 (-0.97%)

SPB

Spectrum Brands

$49.66

-1.395 (-2.73%)

03/08/13
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  • 16

    Oct

NOC

Northrop Grumman

$368.25

-7.45 (-1.98%)

17:24
09/20/19
09/20
17:24
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17:24
Hot Stocks
Northrop Grumman subsidiary awarded $1.12B Missile Defense Agency contract »

Orbital Sciences, or OSC,…

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

, FNSR

Finisar

$24.31

1.25 (5.42%)

17:23
09/20/19
09/20
17:23
09/20/19
17:23
Hot Stocks
Breaking Hot Stocks news story on PriceSmart, Finisar »

PriceSmart to replace…

PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

FNSR

Finisar

$24.31

1.25 (5.42%)

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03/06/13
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  • 30

    Oct

IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

17:22
09/20/19
09/20
17:22
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17:22
Hot Stocks
Breaking Hot Stocks news story on II-VI, Callon Petroleum »

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IIVI

II-VI

$39.05

-0.5 (-1.26%)

CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

03/08/13
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  • 23

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  • 02

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

17:20
09/20/19
09/20
17:20
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17:20
Hot Stocks
Breaking Hot Stocks news story on NVR »

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NHYDY

Norsk Hydro

$0.00

(0.00%)

17:12
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Norsk Hydro discloses federal court in Brazil lifts embargo on Alunortes »

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RESN

Resonant

$3.05

0.02 (0.66%)

17:03
09/20/19
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17:03
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17:03
Conference/Events
Resonant participates in a conference call with Loop Capital »

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  • 01

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NINE

Nine Energy Services

$6.73

-0.33 (-4.67%)

17:02
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17:02
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Breaking Syndicate news story on Nine Energy Services »

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ATOM

Atomera

$3.70

0.17 (4.82%)

17:00
09/20/19
09/20
17:00
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17:00
Conference/Events
Atomera participates in a conference call with Loop Capital »

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MPWR

Monolithic Power

$154.21

-2 (-1.28%)

16:50
09/20/19
09/20
16:50
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16:50
Conference/Events
Monolithic Power participates in a conference call with Loop Capital »

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  • 02

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AAPL

Apple

$217.69

-3.22 (-1.46%)

16:45
09/20/19
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16:45
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16:45
Periodicals
Breaking Periodicals news story on Apple »

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IDA

IDACORP

$111.26

0.93 (0.84%)

16:36
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16:36
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IDACORP raises quarterly dividend to 67c from 63c per share »

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  • 10

    Nov

MO

Altria Group

$40.80

0.69 (1.72%)

16:33
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16:33
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Altria Group recommends rejection of amended mini-tender by TRC »

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EADSY

Airbus

$0.00

(0.00%)

, AL

Air Lease

$42.68

-0.615 (-1.42%)

16:32
09/20/19
09/20
16:32
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16:32
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Air Lease announces delivery of new A321-200neo to Air Astana »

Air Lease Corporation…

EADSY

Airbus

$0.00

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AL

Air Lease

$42.68

-0.615 (-1.42%)

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  • 13

    Nov

16:30
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Options
Preliminary option volume of 23.5M today »

Preliminary option volume…

PSX

Phillips 66

$103.26

0.14 (0.14%)

16:28
09/20/19
09/20
16:28
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16:28
Periodicals
Phillips 66 says Beaumont oil terminal ops still shut down, Reuters says »

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  • 25

    Oct

POST

Post Holdings

$105.73

0.335 (0.32%)

16:24
09/20/19
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16:24
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16:24
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Post files IPO for active nutrition unit BellRing Brands »

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