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AMZN

Amazon.com

$1,738.83

19.16 (1.11%)

, VOLVY

Volvo

$0.00

(0.00%)

09:54
10/11/19
10/11
09:54
10/11/19
09:54

Amazon adds branded tractors in move to become 'full-fledged' trucker, BI says

Business Insider's Rachel Premack wrote on Thursday that Amazon (AMZN) is fulfilling its goal of becoming " a full-fledged logistics company. According to the BI story Volvo (VOLVY) and Kenworth (PCAR) are manufacturing branded truck tractors for Amazon.The tractors are "day cabs" which can be interpreted as being used for distances of 400 miles or less, added BI. "In the span of several years, the retail giant has amassed dozens of cargo jets, about 10,000 truck trailers, a network of ocean freighters, and thousands of last-mile delivery vans. Most recently, Amazon announced a massive order of 100,000 electric delivery vans in September," BI added. Reference Link

AMZN

Amazon.com

$1,738.83

19.16 (1.11%)

VOLVY

Volvo

$0.00

(0.00%)

PCAR

Paccar

$68.93

1.68 (2.50%)

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AMZN Amazon.com
$1,738.83

19.16 (1.11%)

10/08/19
WOLF
10/08/19
INITIATION
Target $2234
WOLF
Outperform
Amazon.com assumed with an Outperform rating at Wolfe Research
Wolfe Research analyst Chris Bottiglieri assumed coverage of Amazon.com with an Outperform rating and $2,234 price target.
10/09/19
MSCO
10/09/19
NO CHANGE
MSCO
CIOs see continued pressure on IT budgets in 2020, says Morgan Stanley
Morgan Stanley analysts Katy Huberty, James Faucette and Keith Weiss noted that rising economic uncertainty has been reflected in the firm's past several CIO surveys, with 2019 overall IT budget growth expectations falling for 4 straight quarters. In keeping with that trend, 53% of the CIOs surveyed by the firm expect lower IT budget growth in 2020 and their composite initial read on 2020 IT spending calls for a 100 basis points growth deceleration, the firm's U.S. tech team stated in a note to investors. Among those surveyed, Amazon (AMZN) and Microsoft (MSFT) are seen as having taken over the lead in Artificial Intelligence and Machine Learning while IBM (IBM) "maintains strong mind share," the analysts said. The team continues to favor companies they see as well positioned for key secular trends with good valuation, such as Microsoft, Adobe (ADBE) and Salesforce (CRM), while they are more cautious on legacy players at risk of losing share as organizations move to the cloud, like Symantec (SYMC) and VMware (VMW).
10/09/19
WELS
10/09/19
NO CHANGE
Target $80
WELS
Outperform
Cerner sees AWS deal as 'transformative' for company, clients, says Wells Fargo
After attending Cerner (CERN) user conference where a big theme was the AWS (AMZN) partnership announced back in July, Wells Fargo analyst Jamie Stockton notes that the company positioned this deal as transformative for Cerner and its clients. In one session, management mentioned in would take about three years to fully port Millennium over, but in another the company said the VA and DoD would not transition to AWS for a long time, he adds. The analyst has an Outperform rating and a $80 price target on Cerner's shares.
10/08/19
PIPR
10/08/19
NO CHANGE
Target $2225
PIPR
Overweight
Piper teen survey shows increase in Amazon mindshare
Piper Jaffray's Fall survey of 9,500 teens showed an increase in Amazon mindshare, 52% from 50% in the Spring, and that Prime adoption, once again, increased, analyst Michael Olson tells investors in a research note. 78% of respondents indicated their family had a Prime membership versus 76% in the Spring of 2019 and 74% in Fall of 2018, says the analyst. Olson believes the survey indicates that the number of U.S. Prime households would be in the 88M range. This "massive scale is an ongoing competitive differentiator and will continue to make it difficult for competitors to gain significant traction," contends Olson. He reiterates an Overweight rating on Amazon shares with a $2,225 price target.
VOLVY Volvo
$0.00

(0.00%)

01/07/19
JPMS
01/07/19
DOWNGRADE
JPMS
Neutral
Volvo downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Jose Asumendi downgraded Volvo to Neutral and lowered his price target for the shares to 150 kronor from 190 kronor. The European autos sector is unlikely to re-rate over the first half of the year, Asumendi tells investors in a reserved note. He expects most stocks to continue to be valued at "mid-cycle margin multiples" until the sector gains more certainty regarding global production schedules.
04/02/19
GSCO
04/02/19
INITIATION
GSCO
Buy
Volvo initiated with a Buy at Goldman Sachs
Goldman Sachs started Volvo with a Buy rating and SEK 175 price target. The firm sees an attractive entry point following the recent underperformance of the shares.
06/03/19
RBCM
06/03/19
INITIATION
RBCM
Sector Perform
Volvo initiated with a Sector Perform at RBC Capital
RBC Capital analyst Tom Narayan started Volvo with a Sector Perform rating and SEK 139 price target. The analyst rolled out coverage on the European Autos group with a positive bias on car makers and a more cautious view on suppliers.
07/22/19
HSBC
07/22/19
DOWNGRADE
HSBC
Hold
Volvo downgraded to Hold from Buy at HSBC
HSBC analyst Michael Hagmann downgraded Volvo to Hold from Buy and lowered his price target for the shares to SEK 150 from SEK 170. Declining revenue will make it more difficult for the company to beat market expectations, Hagmann tells investors in a research note. The analyst sees more challenging market conditions and now forecasts a year-over-year decline in the European truck market during the second half of 2019 and a decline in the North American truck market next year. This means that Volvo is facing revenue declines and margin pressure, says the analyst.
PCAR Paccar
$68.93

1.68 (2.50%)

10/09/19
OTRG
10/09/19
DOWNGRADE
OTRG
Negative
Paccar downgraded to Negative from Mixed at OTR Global
10/09/19
OTRG
10/09/19
DOWNGRADE
OTRG
Negative
Update: Paccar downgraded to Negative following checks at OTR Global
As previously reported, OTR Global downgraded Navistar to Negative from Mixed. The firm's checks indicate US, Europe, and Brazil heavy duty truck demand deteriorated during Q3 due to market saturation, uncertainty, and specific market conditions. Further, US component suppliers reported Q3 sales declines, trailer demand appears to have declined, and Western European new truck inventory levels are high, the firm reported in a note to investors.
08/28/19
CLVD
08/28/19
NO CHANGE
CLVD
Truck survey flags production cuts, deteriorating used truck fundamentals, says Cleveland Research
Cleveland Research analyst Adam Uhlman says his North American truck dealer survey has flagged deteriorating used truck fundamentals recently, as well as fleets deferring second half of 2019 deliveries into 2020. Supplier sources indicate Navistar (NAV) and Paccar (PCAR) plan to cut build rates over the next two months, he adds. The analyst believes additional cuts unfold in Q4 and build rates deteriorate further through 2020 unless order rates recover significantly above the normal seasonal increase in Q4. Meanwhile, Uhlman says new news this quarter is used truck pricing has begun to deteriorate more meaningfully which has caused concern for 2020 activity. Consensus estimates for Paccar and Cummins (CMI) appear too high to him going into 2020, even though expectations for the group have been quite low for some time. The analyst continues to see downside risk to the group in the medium-term. Uhlman has Neutral rating on all three stocks.
07/24/19
JPMS
07/24/19
UPGRADE
Target $67
JPMS
Neutral
Paccar upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Ann Duigan upgraded Paccar to Neutral from Underweight and raised her price target for the shares to $67 from $66. The analyst cites valuation for the upgrade following the recent selloff in the shares.

TODAY'S FREE FLY STORIES

SYF

Synchrony

$33.97

0.48 (1.43%)

, SLB

Schlumberger

$31.90

-0.06 (-0.19%)

20:25
10/17/19
10/17
20:25
10/17/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

SYF

Synchrony

$33.97

0.48 (1.43%)

SLB

Schlumberger

$31.90

-0.06 (-0.19%)

AXP

American Express

$119.17

1.76 (1.50%)

KO

Coca-Cola

$53.80

0.31 (0.58%)

STT

State Street

$59.71

0.57 (0.96%)

CFG

Citizens Financial

$35.01

-0.12 (-0.34%)

KSU

Kansas City Southern

$135.33

1.04 (0.77%)

GNTX

Gentex

$27.57

-0.01 (-0.04%)

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PLSE

Pulse Biosciences

$14.52

0.525 (3.75%)

20:10
10/17/19
10/17
20:10
10/17/19
20:10
Hot Stocks
Pulse Biosciences to present data from studies of nano-pulse stimulation at ASDS »

Pulse Biosciences…

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TW

Tradeweb Markets

$43.20

0.87 (2.06%)

19:50
10/17/19
10/17
19:50
10/17/19
19:50
Syndicate
Tradeweb Markets 17.29M share Secondary priced at $42.00 »

The deal size was…

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SWDAF

Software AG

$0.00

(0.00%)

19:33
10/17/19
10/17
19:33
10/17/19
19:33
Upgrade
Software AG rating change at Goldman Sachs »

Software AG upgraded to…

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PBR

Petrobras

$14.43

-0.22 (-1.50%)

18:57
10/17/19
10/17
18:57
10/17/19
18:57
Hot Stocks
Petrobras reports Q3 production 2.878M boepd, up 9.3% »

Petrobras said it posted…

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MRTN

Marten Transport

$21.52

0.31 (1.46%)

, ISRG

Intuitive Surgical

$529.22

-1.25 (-0.24%)

18:49
10/17/19
10/17
18:49
10/17/19
18:49
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: …

MRTN

Marten Transport

$21.52

0.31 (1.46%)

ISRG

Intuitive Surgical

$529.22

-1.25 (-0.24%)

ETFC

E-Trade

$39.04

0.02 (0.05%)

WAL

Western Alliance

$46.24

0.53 (1.16%)

TEAM

Atlassian

$122.43

-1.91 (-1.54%)

PRTK

Paratek Pharmaceuticals

$3.46

0.05 (1.47%)

GIL

Gildan Activewear

$35.38

0.095 (0.27%)

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

EXPO

Exponent

$70.82

1.34 (1.93%)

WDFC

WD-40

$182.75

2.41 (1.34%)

VICR

Vicor Corporation

$32.78

1.16 (3.67%)

OZK

Bank OZK

$28.32

0.03 (0.11%)

03/08/13
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    Nov

ARWR

Arrowhead

$36.61

2.11 (6.12%)

, AMGN

Amgen

$203.60

0.32 (0.16%)

18:43
10/17/19
10/17
18:43
10/17/19
18:43
Hot Stocks
Arrowhead CEO: We can silence a single gene »

In an interview on…

ARWR

Arrowhead

$36.61

2.11 (6.12%)

AMGN

Amgen

$203.60

0.32 (0.16%)

JNJ

Johnson & Johnson

$136.20

1 (0.74%)

03/08/13
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SXT

Sensient

$66.57

0.4 (0.60%)

18:32
10/17/19
10/17
18:32
10/17/19
18:32
Hot Stocks
Sensient raises quarterly dividend 8.3% to 39c per share »

The board of directors of…

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T

AT&T

$37.82

0.03 (0.08%)

18:31
10/17/19
10/17
18:31
10/17/19
18:31
Periodicals
HBO Max to stream Studio Ghibli films, Reuters says »

AT&T's upcoming…

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OMAB

OMA

$52.10

0.47 (0.91%)

18:19
10/17/19
10/17
18:19
10/17/19
18:19
Earnings
OMA reports Q3 net income MXN858M vs. MXN725M last year »

Reports Q3 revenue…

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MAR

Marriott

$120.57

-0.55 (-0.45%)

18:13
10/17/19
10/17
18:13
10/17/19
18:13
Periodicals
Marriott near deal for Elegant Hotels valued up to GBP1 / shr, Bloomberg says »

The report states that…

03/08/13
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  • 05

    Nov

SPY

SPDR S&P 500 ETF Trust

$299.19

0.78 (0.26%)

, SPX

S&P 500

$0.00

(0.00%)

18:08
10/17/19
10/17
18:08
10/17/19
18:08
General news
NY Fed's Williams Condition in money markets highly volatile over past month »

Williams says:…

SPY

SPDR S&P 500 ETF Trust

$299.19

0.78 (0.26%)

SPX

S&P 500

$0.00

(0.00%)

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GM

General Motors

$36.20

-0.45 (-1.23%)

17:47
10/17/19
10/17
17:47
10/17/19
17:47
Periodicals
GM strike to continue until deal with UAW is ratified, WSJ says »

United Auto Workers union…

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  • 29

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T

AT&T

$37.82

0.03 (0.08%)

17:37
10/17/19
10/17
17:37
10/17/19
17:37
Periodicals
AT&T, Elliott Management in talks to resolve activist campaign, WSJ reports »

AT&T is in talks with…

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WAL

Western Alliance

$46.24

0.53 (1.16%)

17:27
10/17/19
10/17
17:27
10/17/19
17:27
Earnings
Western Alliance reports Q3 EPS $1.24, consensus $1.19 »

Reports Q3 revenue…

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RNLSY

Renault

$0.00

(0.00%)

17:25
10/17/19
10/17
17:25
10/17/19
17:25
Downgrade
Renault rating change at Deutsche Bank »

Renault downgraded to…

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LOVE

Lovesac

$19.10

0.63 (3.41%)

17:24
10/17/19
10/17
17:24
10/17/19
17:24
Hot Stocks
Park West Management reports 5.1% passive stake in Lovesac »

Park West Management…

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  • 17

    Dec

T

AT&T

$37.82

0.03 (0.08%)

17:24
10/17/19
10/17
17:24
10/17/19
17:24
Periodicals
Breaking Periodicals news story on AT&T »

AT&T in discussions…

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ATVI

Activision Blizzard

$55.60

0.01 (0.02%)

17:16
10/17/19
10/17
17:16
10/17/19
17:16
Hot Stocks
Activision says Call of Duty to get 'battle pass' feature, 'not loot box system' »

Activision's Call of…

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:11
10/17/19
10/17
17:11
10/17/19
17:11
Hot Stocks
Brandywine Realty sees FY19 year-end core occupancy at 94%-95% »

Also sees FY20 year-end…

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  • 18

    Oct

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:10
10/17/19
10/17
17:10
10/17/19
17:10
Hot Stocks
Brandywine Realty reports Q3 same-store net operating income up 0.6% »

Reports Q3 occupancy…

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  • 18

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:09
10/17/19
10/17
17:09
10/17/19
17:09
Earnings
Brandywine Realty sees FY20 initial FFO $1.41-$1.51, consensus $1.46 »

Sees FY20 same-store net…

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  • 18

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GIL

Gildan Activewear

$35.38

0.095 (0.27%)

17:08
10/17/19
10/17
17:08
10/17/19
17:08
Earnings
Gildan Activewear cuts FY19 adj. EPS view to $1.65-$1.70 from $1.95-$2.00 »

Consensus $1.97. Cuts…

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
10/17/19
10/17
17:07
10/17/19
17:07
Earnings
Brandywine Realty narrows FY19 FFO guidance to $1.41-$1.43 from $1.40-$1.44 

Consensus $1.42.

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  • 18

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
10/17/19
10/17
17:07
10/17/19
17:07
Earnings
Brandywine Realty reports Q3 FFO 36c, consensus 36c »

Reports Q3 revenue…

03/08/13
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  • 18

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