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AMZN

Amazon.com

$1,737.05

6.265 (0.36%)

06:50
10/15/19
10/15
06:50
10/15/19
06:50

Goldman expects Amazon to report Q3 results above consensus expectations

Goldman Sachs analyst Heath Terry expects Amazon.com to report Q3 results above consensus expectations after the close on October 24. The analyst keeps a Buy rating on the shares, which are on his firm's Conviction List, while slightly reducing his 12-month price target to $2,350 from $2,400. Record retail store closures, investments in faster delivery, Web Services infrastructure and service expansion, and recovering momentum in the advertising business point to the potential for further growth acceleration and upside to consensus revenue expectations in Q3 and beyond, Terry tells investors in a pre-earnings research note. While this comes at the expense of near-term operating profits, investors will continue to "place a premium on quality growth," driving further stock price outperformance, contends the analyst.

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    Oct

AMZN Amazon.com
$1,737.05

6.265 (0.36%)

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.
10/14/19
LOOP
10/14/19
NO CHANGE
Target $2380
LOOP
Buy
Loop Capital 'impressed' with automation at Amazon.com fulfillment center
Loop Capital analyst Anthony Chukumba is keeping his Buy rating and $2,380 price target on Amazon.com after touring the company's MKE1 fulfillment center in Kenosha, Wisconsin with a group of investors. The analyst notes that the level of automation and robotics integration in the movement of items at MKE1 with "minimal, if any" human intervention were "impressive", and the flow of information throughout the order assembly process were "notable". Chukumba remains positive on Amazon's growing fulfillment and logistics infrastructure, which he expects to allow the company to capture an even higher portion of the retail value chain.

TODAY'S FREE FLY STORIES

PHAT

Phathom Pharmaceuticals

$24.88

-1.12 (-4.31%)

05:01
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LEG

Leggett & Platt

$53.54

0.18 (0.34%)

04:59
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  • 19

    Nov

CSL

Carlisle

$161.08

0.12 (0.07%)

04:55
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11/19
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Carlisle management to meet with Seaport Global »

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KRP

Kimbell Royalty Partners

$14.18

0.19 (1.36%)

04:55
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Kimbell Royalty Partners management to meet with TD Securities »

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SU

Suncor

$31.84

-0.64 (-1.97%)

04:55
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Conference/Events
Suncor management to meet with TD Securities »

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  • 19

    Nov

ASML

ASML

$273.38

-1.35 (-0.49%)

, ERIC

Ericsson

$9.10

-0.04 (-0.44%)

04:55
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11/19
04:55
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JPMorgan to hold a conference »

Global TMT…

ASML

ASML

$273.38

-1.35 (-0.49%)

ERIC

Ericsson

$9.10

-0.04 (-0.44%)

IMAX

Imax

$20.88

-0.19 (-0.90%)

SIMO

Silicon Motion

$42.65

0.03 (0.07%)

SSNLF

Samsung

$0.00

(0.00%)

03/08/13
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ACCO

Acco Brands

$9.42

0.035 (0.37%)

04:55
11/19/19
11/19
04:55
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04:55
Conference/Events
Acco Brands management to meet with Barrington »

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  • 19

    Nov

04:55
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04:55
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Conference/Events
Stephens business services analyst to hold a group luncheon »

Group Luncheon Meeting to…

CSGS

CSG

$57.54

0.54 (0.95%)

04:55
11/19/19
11/19
04:55
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04:55
Conference/Events
CSG management to meet with Sidoti »

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  • 19

    Nov

04:55
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11/19
04:55
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General news
Breaking General news story  »

8-Week Bill Announcement…

ADM

Archer Daniels

$42.84

-0.03 (-0.07%)

04:55
11/19/19
11/19
04:55
11/19/19
04:55
Conference/Events
Archer Daniels management to meet with Buckingham »

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  • 19

    Nov

AHT

Ashford Hospitality

$2.70

-0.005 (-0.19%)

04:55
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11/19
04:55
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04:55
Conference/Events
Ashford Hospitality management to meet with DA Davidson »

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  • 19

    Nov

AMSF

Amerisafe

$65.49

-0.15 (-0.23%)

04:55
11/19/19
11/19
04:55
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04:55
Conference/Events
Amerisafe management to meet with B. Riley FBR »

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  • 19

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ESVIF

Ensign Energy

$0.00

(0.00%)

04:55
11/19/19
11/19
04:55
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04:55
Conference/Events
Ensign Energy management to meet with TD Securities »

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  • 19

    Nov

FC

Franklin Covey

$37.20

-0.3 (-0.80%)

04:55
11/19/19
11/19
04:55
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04:55
Conference/Events
Franklin Covey management to meet with Roth Capital »

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  • 19

    Nov

PSNL

Personalis

$8.89

-0.85 (-8.73%)

04:55
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Personalis management to meet with Oppenheimer »

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  • 19

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SLNG

Stabilis Energy

$0.00

(0.00%)

04:55
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Conference/Events
Stabilis Energy management to meet with Lake Street »

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  • 19

    Nov

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CNR

Cornerstone Building Brands

$6.91

-0.015 (-0.22%)

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  • 19

    Nov

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General news
Breaking General news story  »

4-Week Bill Announcement…

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DZSI

Dasan Zhone

$7.58

-0.17 (-2.19%)

04:55
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04:55
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04:55
Conference/Events
Dasan Zhone management to meet with B. Riley FBR »

Meeting to be held in San…

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  • 19

    Nov

EBSB

Meridian Bancorp

$20.04

0.07 (0.35%)

04:55
11/19/19
11/19
04:55
11/19/19
04:55
Conference/Events
Meridian Bancorp management to meet with Compass Point »

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  • 19

    Nov

MMI

Marcus & Millichap

$35.74

0.04 (0.11%)

04:55
11/19/19
11/19
04:55
11/19/19
04:55
Conference/Events
Marcus & Millichap management to meet with JMP Securities »

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  • 19

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