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AAPL

Apple

$220.27

2.7 (1.24%)

, NFLX

Netflix

$290.05

3.05 (1.06%)

11:03
09/11/19
09/11
11:03
09/11/19
11:03

Apple TV+ pricing a positive catalyst for adoption, says JPMorgan

JPMorgan analyst Samik Chatterjee came out of Apple's (AAPL) event yesterday "largely positive," believing lowered pricing of the iPhone 11 relative to the XR could act as a positive driver for volumes in the entry level premium smartphone segment. Further, the analyst says "favorable pricing" for Apple TV+ and Apple Arcade makes him positive on the potential ramp of the new services. Apple TV+'s monthly subscription price of $4.99 is "quite attractive" relative to competitive services, which should be a positive catalyst for adoption as Apple scales up its original content over time to compete with Netflix (NFLX), Amazon's (AMZN) Prime Video and Disney (DIS), among others, Chatterjee told investors earlier in a research note. He kept an Overweight rating on Apple shares.

AAPL

Apple

$220.27

2.7 (1.24%)

NFLX

Netflix

$290.05

3.05 (1.06%)

DIS

Disney

$135.24

-0.64 (-0.47%)

AMZN

Amazon.com

$1,824.90

13.4 (0.74%)

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    Oct

AAPL Apple
$220.27

2.7 (1.24%)

09/11/19
FBCO
09/11/19
NO CHANGE
Target $209
FBCO
Neutral
Apple iPhone replacement cycle continues to extend, says Credit Suisse
After Apple's September Special Event, Credit Suisse analyst Matthew Cabral says the event featured only incremental iPhone enhancements, with triple camera the biggest addition year over year. As a result, the analyst thinks the replacement cycle continues to extend ahead of 5G coming in the second half of 2020. The two biggest surprises for him were the $699 price point for iPhone 11, as Apple reverses the steady upward march of ASPs over the past few years, and very attractive pricing for TV+, a move that suggests Apple may be more focused on seeding the subscriber base for the long-term rather than maximizing near-term profitability on the offering, particularly when factoring in the free year for device purchasers. Cabral expects the stock to remain range-bound near-term as another lackluster iPhone cycle and the ongoing overhang from the U.S./China trade dispute remain on the front burner. He reiterates a Neutral rating and $209 price target on the shares.
09/11/19
DADA
09/11/19
NO CHANGE
Target $270
DADA
Buy
Apple TV+ announcement 'most significant' at Special Event, says DA Davidson
DA Davidson analyst Tom Forte keeps his Buy rating and $270 price target on Apple (AAPL) after its Special Event presentation yesterday. The analyst notes that the company's Apple TV+ pricing at $4.99 was the "most significant" of the announcements, even though he expects the competitive pressure on Roku (ROKU) from Apple's free 1-year SVOD service to be small, recommending that investors buy Roku on weakness. Forte also believes that Apple has a high chance of exceeding its "very low expectations" for new iPhone sales because of the possibility of tariffs possibly raising prices on next year's devices.
09/11/19
FBCO
09/11/19
NO CHANGE
FBCO
Netflix head start unlikely dented by Apple TV+, says Credit Suisse
Credit Suisse analyst Douglas Mitchelson notes that his Netflix (NFLX) thesis already presumes increased competition in the future and Apple (AAPL) is noteworthy as it certainly has a "terrific brand and global distribution platform." However, the analyst believes Netflix's 10-year head start, scale, breath of content and customer engagement is unlikely to be dented by an Apple TV+ subscription service with a relatively light content slate and no library content. In fact, Apple TV+ looks more like an HBO (T) or Showtime than a Netflix, Hulu or Amazon Prime (AMZN), he contends, adding that he continues to believe SVOD will not be a zero sum game. Lastly, Mitchelson would expect Apple TV+ would more likely displace a runner-up than the leader.
09/11/19
MAXM
09/11/19
NO CHANGE
Target $204
MAXM
Hold
Apple price target lowered to $204 from $211 at Maxim
Maxim analyst Nehal Chokshi lowered his price target on Apple to $204 after its Special Event presentation, saying the company's announcements of new iPhones and Watch models were all in-line with expectations. The analyst also states that the Apple TV+ subscription terms were 2-times lowers than his estimate and should weigh on Apple's gross margins. Chokshi keeps his Hold rating on Apple.
NFLX Netflix
$290.05

3.05 (1.06%)

09/11/19
WEDB
09/11/19
NO CHANGE
Target $245
WEDB
Outperform
Special event 'a positive growth catalyst' for Apple going forward, says Wedbush
Following the highly anticipated Apple (AAPL) Special Event, Wedbush analyst Daniel Ives notes that the company unveiled its trifecta of new iPhones, next generation iPad and Apple Watch coupled with the pricing for Apple TV+ of $4.99 per month and the launch date of November 1. The pricing of Apple's streaming TV service at $4.99 per month is a "show stopper" and a "major shot across the bow" at the likes of Netflix (NFLX) and Disney (DIS), among others, he contends. The analyst also notes with Apple caught in the crossfire on the U.S./China trade battle over the last six months, the company is highly anticipating this iPhone 11 slate of smartphones to stimulate demand especially in the key China region. Ives reiterates an Outperform rating and $245 price target on the shares as he views the event as a "positive growth catalyst for Cupertino going forward."
09/11/19
WELS
09/11/19
NO CHANGE
Target $215
WELS
Market Perform
Apple focusing on presenting iPhone Pro as premium product, says Wells Fargo
Commenting on Apple's (AAPL) Tuesday event, Wells Fargo analyst Aaron Rakers notes that the company is focusing on presenting the iPhone Pro as a premium product. One of the biggest surprises was Apple's announced pricing for its Apple TV+ streaming service at $4.99/month versus Netflix (NFLX) $12.99 standard, Disney+ (DIS) $7.99, and HBO GO (T) $14.99, the analyst contends, adding that with a free 1-year Apple TV+ and Arcade subscription included with any new hardware purchase or upgrade, Apple is clearly focused on leveraging a subsidized pricing strategy to drive a user base as content expands. As Rakers thinks about the derivative read-though to his coverage of the NAND industry, the analyst believes that investors could be disappointed in Apple leaving its base NAND capacity point unchanged at 64GB. He reiterates a Market Perform rating and a $215 price target on Apple's shares.
09/11/19
NEED
09/11/19
NO CHANGE
Target $250
NEED
Strong Buy
Apple price target raised to $250 from $225 at Needham
Needham analyst Laura Martin raised her price target on Apple (AAPL) to $250 and kept her Strong Buy rating after its Special Event announcement, saying the company is continuing its transition to becoming an "integrated content owner" with "captive hardware" by driving more revenue per member and extending the life-span in its iOS ecosystem. The analyst notes that yesterday's event also helped underscore Apple's efforts in creating an "on-ramp" into that ecosystem. Martin cites Apple's broader range of iPhone prices, monthly payment plans, value in bundling Arcade and Apple TV offerings, as well as creating a content "price war" by pricing AppleTV+ at just $5 per month, which could pressure the likes of Netflix (NFLX).
DIS Disney
$135.24

-0.64 (-0.47%)

09/11/19
BERN
09/11/19
NO CHANGE
BERN
Apple TV+/hardware bundle with low price 'extremely clever,' says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. views Apple's (AAPL) decision to bundle a year of Apple TV+ with Apple hardware - and offer a low subscription price post-trial - as "extremely clever," as it will now potentially reach 200M-plus Apple customers in its first year of existence. Even if only a fraction of those customers converts to paid subscriptions after 12 months - which at only $5 per month increases the odds of conversion - Apple TV+ could accumulate tens of millions of paid subscriptions by the end of 2020 - potential making it larger than Disney+ (DIS), he contends.
09/04/19
DADA
09/04/19
NO CHANGE
Target $185
DADA
Buy
Roku price target raised to $185 from $135 at DA Davidson
DA Davidson analyst Tom Forte raised his price target on Roku (ROKU) to $185 and kept his Buy rating as part of his broader research note that sees the rise of OTT being "only" at the "top of the 3rd inning". The analyst believes that the "secular shift" in the consumption of video content to OTT from linear TV is "just beginning", creating an "arms race for proprietary content". Forte adds that the trend also comes with the entrance of new services into the market and an un-bundling followed by a re-bundling of content by and for consumers. The analyst believes that Roku stands to benefit from the billions being spent across the industry on proprietary content, its superior understanding of the international OTT structure, as well as the "additional advantages" of maintaining its independent status within the industry. As part of the research note, Forte contends that Disney's (DIS) content assets have the capacity to be a "dragon slayer" for Netflix (NFLX), particularly if it can manage its "significant channel conflict" and bring ESPN to the "digital age".
AMZN Amazon.com
$1,824.90

13.4 (0.74%)

09/03/19
RBCM
09/03/19
NO CHANGE
Target $2600
RBCM
Outperform
Amazon.com price target raised to $2,600 from $2,250 at RBC Capital
RBC Capital analyst Mark Mahaney raised his price target on Amazon.com to $2,600 after his deep-dive analysis into the company's Prime one-day shipping initiative, saying its Q2 revenue and unit growth should accelerate as the offering is rolled out nationwide and worldwide. The analyst believes that Amazon is tapping into "real demand", with survey findings suggesting that 64% of U.S. internet users are "extremely" or "very" interested in next-day shipping. Based on his expectations of sustained revenue acceleration, Mahaney raises his FY20 and FY21 top-line forecasts to $337.2B and $410.9B from $334.6B and $405.9B respectively.
09/10/19
GSCO
09/10/19
NO CHANGE
Target $713
GSCO
Buy
MercadoLibre likely to slip on Amazon prime launch in Brazil, says Goldman Sachs
Goldman Sachs analyst Irma Sgarz said she expects the shares of MercadoLibre (MELI) to react negatively to the announcement from Amazon (AMZN) that it is launching its Amazon Prime membership program in Brazil. The analyst said it is too early to estimate the potential impact on competitive dynamics and noted that MercadoLibre offers broad free shipping coverage for items above BRL 120, which she said covers 63% of items sold in Q2. Sgarz has a Buy rating and $713 price target on MercadoLibre shares.
09/09/19
LOOP
09/09/19
NO CHANGE
Target $90
LOOP
Buy
Best Buy prices remain 'very competitive' relative to Amazon, says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Buy rating and $90 price target on Best Buy (BBY), saying his pricing study relative to Amazon.com (AMZN) suggests that its prices remain "very competitive" with an average premium across 50 items at 3.2%. The analyst adds that Best Buy's upcoming Investor Update Meeting could be a potential positive catalyst for the stock as the management's revised FY19 comp sales guidance could prove to be conservative.

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NFLX

Netflix

$268.50

-18.08 (-6.31%)

, AMZN

Amazon.com

$1,800.89

-21.32 (-1.17%)

12:54
09/20/19
09/20
12:54
09/20/19
12:54
Periodicals
Netflix CEO sees 'whole new world' in November with Apple, Disney launches »

Netflix (NFLX) CEO Reed…

NFLX

Netflix

$268.50

-18.08 (-6.31%)

AMZN

Amazon.com

$1,800.89

-21.32 (-1.17%)

AAPL

Apple

$220.41

-0.5 (-0.23%)

DIS

Disney

$132.31

-1.01 (-0.76%)

CMCSA

Comcast

$46.70

0.02 (0.04%)

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YCBD

cbdMD

$4.99

0.27 (5.72%)

12:50
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LL

Lumber Liquidators

$9.30

0.41 (4.61%)

12:47
09/20/19
09/20
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Hot Stocks
Whitney Tilson 'bullish as ever' on Lumber Liquidators, sees potential double »

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BRX

Brixmor

$20.11

0.27 (1.36%)

12:36
09/20/19
09/20
12:36
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12:36
Conference/Events
Brixmor management to meet with KeyBanc »

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EHTH

eHealth

$77.70

-4.48 (-5.45%)

12:36
09/20/19
09/20
12:36
09/20/19
12:36
Conference/Events
eHealth management to meet with Evercore ISI »

Meeting to be held in San…

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YCBD

cbdMD

$4.99

0.27 (5.72%)

12:35
09/20/19
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12:35
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12:35
Hot Stocks
cbdMD discloses presentation in conjunction with convertible preferred offering »

cbdMD disclosed in a…

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USAT

USA Technologies

$7.41

-0.24 (-3.14%)

12:35
09/20/19
09/20
12:35
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12:35
Options
USA Technologies put volume heavy and directionally bearish »

Bearish flow noted in USA…

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TKR

Timken

$44.78

0.41 (0.92%)

12:34
09/20/19
09/20
12:34
09/20/19
12:34
Conference/Events
Timken management to meet with Evercore ISI »

Meetings to be held in…

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BPL

Buckeye Partners

$41.15

-0.035 (-0.08%)

12:34
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09/20
12:34
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12:34
Hot Stocks
Buckeye Partners says Buckeye Bahamas Hub resumes full operations »

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LRLCY

L'Oreal

$0.00

(0.00%)

12:34
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09/20
12:34
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12:34
Hot Stocks
L'Oreal announces settlement with French tax authorities »

L'Oreal announces…

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SSNC

SS&C

$50.55

0.01 (0.02%)

12:33
09/20/19
09/20
12:33
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12:33
Conference/Events
SS&C management to meet with Evercore ISI »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$300.20

0.523619 (0.17%)

12:31
09/20/19
09/20
12:31
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12:31
General news
Trump says he can leave IP out and get China deal done »

President Trump said…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$300.20

0.523619 (0.17%)

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EEFT

Euronet

$147.35

0.92 (0.63%)

12:27
09/20/19
09/20
12:27
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12:27
Conference/Events
Euronet participates in a conference call with Northland »

Conference call with CEO…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$300.20

0.523619 (0.17%)

12:27
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12:27
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12:27
Hot Stocks
Trump says China buying ag products not enough for trade deal »

President Trump said in…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$300.20

0.523619 (0.17%)

ADM

Archer Daniels

$41.10

0.21 (0.51%)

AGU

Agrium

$0.00

(0.00%)

CF

CF Industries

$49.97

-0.07 (-0.14%)

MON

Bought by BAYRY

$0.00

(0.00%)

POT

Potash

$0.00

(0.00%)

ANDE

Andersons

$26.45

-0.39 (-1.45%)

SYT

Syngenta

$0.00

(0.00%)

BG

Bunge

$56.02

-0.15 (-0.27%)

IPI

Intrepid Potash

$3.41

-0.01 (-0.29%)

CMP

Compass Minerals

$57.07

-0.985 (-1.70%)

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REGN

Regeneron

$295.39

9.11 (3.18%)

12:25
09/20/19
09/20
12:25
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12:25
Options
Regeneron call volume above normal and directionally bullish »

Bullish option flow…

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FTCH

Farfetch

$8.95

0.04 (0.45%)

12:25
09/20/19
09/20
12:25
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12:25
Conference/Events
Cowen retail/luxury analyst to hold an analyst/industry conference call »

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12:25
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Conference/Events
Cantor Fitzgerald healthcare analysts to hold analyst/industry conference call »

Healthcare Analysts host…

MGI

MoneyGram

$4.94

0.075 (1.54%)

12:24
09/20/19
09/20
12:24
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12:24
Conference/Events
MoneyGram participates in a conference call with Northland »

Conference call with CEO…

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YCBD

cbdMD

$5.03

0.31 (6.57%)

12:19
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12:19
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12:19
Hot Stocks
Breaking Hot Stocks news story on cbdMD »

cbdMD trading halted,…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
09/20/19
09/20
12:17
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12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
09/20/19
09/20
12:16
09/20/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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SONO

Sonos

$15.01

-0.065 (-0.43%)

12:15
09/20/19
09/20
12:15
09/20/19
12:15
Options
Sonos put volume heavy and directionally bearish »

Bearish flow noted in…

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MRAM

Everspin Technologies

$6.52

-0.09 (-1.36%)

12:12
09/20/19
09/20
12:12
09/20/19
12:12
Conference/Events
Everspin Technologies management to meet with Needham »

Meetings to be held in…

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