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NFLX

Netflix

$294.46

8.08 (2.82%)

, AMZN

Amazon.com

$1,793.70

16.27 (0.92%)

15:52
10/17/19
10/17
15:52
10/17/19
15:52

Netflix, Amazon face potential censorship in India, Reuters says

India is weighing potential censorship on streaming platforms including Netflix (NFLX) and Amazon Prime Video (AMZN), Reuters' Aditya Kalra and Shilpa Jamkhandikar report, citing a senior government source. While film and TV certification bodies already moderate public content in the country, its laws do not allow censorship of content on the most popular online platforms, the authors say. The Indian government's concern has been incited by several court cases and complaints filed to the police recently, claiming that some content was obscene or insulted religious sentiment, the authors say. Reference Link

NFLX

Netflix

$294.46

8.08 (2.82%)

AMZN

Amazon.com

$1,793.70

16.27 (0.92%)

  • 18

    Oct

  • 24

    Oct

  • 27

    Oct

  • 29

    Oct

NFLX Netflix
$294.46

8.08 (2.82%)

10/17/19
LOOP
10/17/19
NO CHANGE
Target $415
LOOP
Buy
Netflix price target lowered to $415 from $425 at Loop Capital
Loop Capital analyst Alan Gould lowered his price target on Netflix (NFLX) to $415 after its Q3 results featuring a small miss and lower guidance in domestic subscriber adds, even though international adds were better than expected. The analyst notes that the company's competitive environment will get tougher in the coming month, but the competitive losses from "streaming wars" will be outweighed by the acceleration in transition from traditional TV to streaming services, keeping his Buy rating on the stock. Gould believes that many homes will have 3-4 streaming services, with Netflix and Disney (DIS) as "default" among them.
10/17/19
HUBR
10/17/19
DOWNGRADE
HUBR
Underweight
Netflix double downgraded to Underweight from Overweight at Huber Research
Huber Research analyst Craig Huber double downgraded Netflix to Underweight from Overweight and put his price target under review following the company's Q3 report, noting this was the second straight quarter where net paid streaming member additions missed guidance. The company's Q4 guidance was also disappointing amid heightened streaming competition, which will be intensifying further and increase quarterly volatility in forecasting quarterly net paid member additions, Huber said. Due to competition, Netflix will likely have to hold off on price hikes through 2021 while programming costs are likely to be rising, Huber added.
10/17/19
RBCM
10/17/19
NO CHANGE
Target $420
RBCM
Outperform
Netflix price target lowered to $420 from $450 at RBC Capital
RBC Capital analyst Mark Mahaney lowered his price target on Netflix to $420 after its Q3 results, saying that the global subscriber adds was a "tad light" due to churn-related weakness in the U.S. markets. The analyst further notes that while international adds were better than expected, the outlook for Q4 was also light as the company is no longer calling subscriber adds to accelerate this year. Mahaney is still keeping his Outperform rating on Netflix as the company has achieved a "sustainable scale, growth, and profitability" that he believes is currently not reflected in its stock price.
10/17/19
10/17/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netflix (NFLX) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen saying growth in Netflix's key metric, subscribers, is slowing in the U.S. but still strong abroad. 2. Comerica (CMA) downgraded to Underweight from Neutral at JPMorgan and to Neutral from Overweight at Piper Jaffray. 3. Pattern Energy (PEGI) downgraded to Neutral from Buy at Goldman Sachs with analyst Brian Lee citing limited return potential to his revised price of $25, which he raised from $24. 4. Monster Beverage (MNST) downgraded to Market Perform from Outperform at Cowen with analyst Vivien Azer saying Monster has ceded, on average, 220 basis points of dollar market share over the last six months and an average 210 basis points of market share over the last 12 months. 5. Cheesecake Factory (CAKE) downgraded to Market Perform from Outperform at Raymond James with analyst Brian Vaccaro citing his view that lower near-term comp visibility and a below-Street 2020 EPS estimate of $2.65 offset his favorable outlook of its recently acquired growth concepts and the stock's reasonable valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AMZN Amazon.com
$1,793.70

16.27 (0.92%)

10/15/19
GSCO
10/15/19
NO CHANGE
Target $2350
GSCO
Conviction Buy
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.
10/15/19
JEFF
10/15/19
NO CHANGE
JEFF
Jefferies selective on Internet into Q3, most positive on Alphabet and Facebook
Jefferies analyst Brent Thill, who is "generally positive" on Internet sector fundamentals, tells investors to remain selective ahead of Q3 earnings. The analyst is most bullish on Alphabet (GOOGL), Facebook (FB), Expedia (EXPE), and Wix.com (WIX). He remains underweight TripAdvisor (TRIP), Shutterstock (SSTK), and Endurance (EIGI). Thill is most positive on Alphabet and Facebook. Alphabet's setup is better in the second half of the year relative to the first half due to easier comps, healthy core advertising, momentum in Google Cloud, and expanded hardware line-up ahead of the holidays, the analyst tells investors in a research note. He also likes Facebook's setup due to easier second half comps, recent product innovation on Instagram Commerce, and improvements to the core Facebook app. In e-commerce, Thill is a buyer of Amazon.com (AMZN) on any pullback. In travel, he like Expedia (EXPE) over Booking Holdings (BKNG). The analyst also views the recent selloff in Match Group (MTCH) shares as a buying opportunity.
10/16/19
FBCO
10/16/19
NO CHANGE
Target $2400
FBCO
Outperform
Amazon.com price target raised to $2,400 from $2,225 at Credit Suisse
Credit Suisse analyst Stephen Ju raised his price target for Amazon to $2,400 from $2,225 ahead of quarterly results. The analyst reiterates an Outperform rating on the shares given e-commerce segment operating margin expansion as it grows into its larger infrastructure, optionality for faster-than-expected free cash flow growth vis-a-vis its advertising segment, and upward bias to AWS revenue forecasts and likely more moderate deceleration path as suggested by ongoing capital intensity in the business.
10/16/19
BARD
10/16/19
NO CHANGE
Target $2150
BARD
Amazon.com Q3 results to be generally in line with consensus, says Baird
Baird analyst Colin Sebastian expects Amazon.com's Q3 results to be in line with Street expectations. The analyst said his checks and third-party data suggests healthy U.S. e-commerce spending trends amid pockets of softness internationally. He noted its continued investments to reach /manage one-day shipping goals ahead of the key Q4 holiday period may continue to weigh on profit margins. Sebastian reiterated his Outperform rating and $2,150 price target on Amazon.com shares.

TODAY'S FREE FLY STORIES

DPLO

Diplomat Pharmacy

$3.03

-3.17 (-51.13%)

15:54
11/12/19
11/12
15:54
11/12/19
15:54
Recommendations
Diplomat Pharmacy analyst commentary  »

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03/08/13
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  • 12

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CLNY

Colony Capital

$4.99

-0.055 (-1.09%)

15:49
11/12/19
11/12
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15:49
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Digital Colony acquires Beanfield Technologies, terms not disclosed »

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  • 12

    Nov

  • 10

    Dec

15:43
11/12/19
11/12
15:43
11/12/19
15:43
Conference/Events
Morgan Stanley analyst to hold an analyst/industry conference call »

Managing Director &…

ET

Energy Transfer LP

$11.80

-0.18 (-1.50%)

15:38
11/12/19
11/12
15:38
11/12/19
15:38
Periodicals
FBI opens corruption probe of approval for Mariner East pipelines, AP says »

The FBI has begun a…

03/08/13
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TWOU

2U

$22.27

0.46 (2.11%)

15:34
11/12/19
11/12
15:34
11/12/19
15:34
Options
2U options imply 21.4% move in share price post-earnings »

Pre-earnings options…

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  • 12

    Nov

AXAS

Abraxas Petroleum

$0.31

-0.0309 (-9.18%)

15:33
11/12/19
11/12
15:33
11/12/19
15:33
Hot Stocks
Abraxas Petroleum cancels Q3 earnings call scheduled for this afternoon »

Abraxas Petroleum…

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  • 12

    Nov

15:25
11/12/19
11/12
15:25
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15:25
General news
Treasury Market Summary »

Treasury Market Summary:…

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$308.45

0.06 (0.02%)

15:20
11/12/19
11/12
15:20
11/12/19
15:20
Periodicals
POTUS advisers exploring 15% tax rate proposal for middle class, WP says »

U.S. President Donald…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$308.45

0.06 (0.02%)

03/08/13
Wedge Partners
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HUYA

Huya

$24.33

-1 (-3.95%)

15:19
11/12/19
11/12
15:19
11/12/19
15:19
Options
HUYA options imply 14.0% move in share price post-earnings »

Pre-earnings options…

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  • 12

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SPY

SPDR S&P 500 ETF Trust

$308.49

0.1 (0.03%)

, SPX

S&P 500

$0.00

(0.00%)

15:18
11/12/19
11/12
15:18
11/12/19
15:18
General news
Kudlow says in 'very preliminary stages' of talks on possible tax cut proposal »

Larry Kudlow, Director of…

SPY

SPDR S&P 500 ETF Trust

$308.49

0.1 (0.03%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
Wedge Partners
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03/06/13
Citigroup
03/06/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
11/12/19
11/12
15:17
11/12/19
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
11/12/19
11/12
15:16
11/12/19
15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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DASTY

Dassault Systemes

$0.00

(0.00%)

15:14
11/12/19
11/12
15:14
11/12/19
15:14
Conference/Events
Dassault Systemes to hold a meeting »

Life Sciences Day to be…

03/08/13
Wedge Partners
03/08/13
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  • 13

    Nov

SYNA

Synaptics

$58.80

0.19 (0.32%)

15:13
11/12/19
11/12
15:13
11/12/19
15:13
Conference/Events
Synaptics management to meet with KeyBanc »

Meeting to be held in New…

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  • 12

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SPY

SPDR S&P 500 ETF Trust

$308.41

0.02 (0.01%)

, SPX

S&P 500

$0.00

(0.00%)

15:11
11/12/19
11/12
15:11
11/12/19
15:11
General news
Kudlow says no tariff adjustments will be made unless there is trade deal »

Larry Kudlow, Director of…

SPY

SPDR S&P 500 ETF Trust

$308.41

0.02 (0.01%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
Wedge Partners
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AAPL

Apple

$261.59

-0.57 (-0.22%)

15:10
11/12/19
11/12
15:10
11/12/19
15:10
Periodicals
Ex-HBO chief Plepler in talks to create original content for Apple TV+, WSJ says »

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SPY

SPDR S&P 500 ETF Trust

$308.41

0.02 (0.01%)

, SPX

S&P 500

$0.00

(0.00%)

15:08
11/12/19
11/12
15:08
11/12/19
15:08
General news
Kudlow says President's key point was trade deal must be a 'good deal' for U.S. »

Economic adviser Larry…

SPY

SPDR S&P 500 ETF Trust

$308.41

0.02 (0.01%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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SDC

SmileDirectClub

$11.12

-0.73 (-6.16%)

15:04
11/12/19
11/12
15:04
11/12/19
15:04
Options
SmileDirectClub options imply 23.6% move in share price post-earnings »

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  • 12

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KEM

Kemet

$25.94

2.91 (12.64%)

15:02
11/12/19
11/12
15:02
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15:02
Downgrade
Kemet rating change  »

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  • 12

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TSLA

Tesla

$346.80

1.73 (0.50%)

14:55
11/12/19
11/12
14:55
11/12/19
14:55
Periodicals
Tesla CEO Musk says to build EU Gigafactory in 'Berlin area,' Bloomberg reports »

Bloomberg cites comments…

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PCG

PG&E

$6.78

0.54 (8.65%)

14:54
11/12/19
11/12
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Hot Stocks
PG&E announces extended deadline for filing fire claims in chapter 11 cases »

PG&E Corporation and…

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  • 12

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AZUL

Azul

$35.23

-1.32 (-3.61%)

, EADSY

Airbus

$0.00

(0.00%)

14:52
11/12/19
11/12
14:52
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14:52
Hot Stocks
Azul receives first Airbus A321neo in Brazil »

Azul (AZUL) received the…

AZUL

Azul

$35.23

-1.32 (-3.61%)

EADSY

Airbus

$0.00

(0.00%)

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TKAMY

ThyssenKrupp

$0.00

(0.00%)

, BX

Blackstone

$51.89

-0.01 (-0.02%)

14:49
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11/12
14:49
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14:49
Periodicals
3G Capital among suitors for ThyssenKrupp's elevator unit, Bloomberg says »

Brazilian-American…

TKAMY

ThyssenKrupp

$0.00

(0.00%)

BX

Blackstone

$51.89

-0.01 (-0.02%)

CG

Carlyle Group

$27.74

0.24 (0.87%)

03/08/13
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TLRY

Tilray

$21.26

-0.71 (-3.23%)

14:49
11/12/19
11/12
14:49
11/12/19
14:49
Options
Tilray options imply 21.1% move in share price post-earnings »

Pre-earnings options…

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  • 12

    Nov

  • 12

    Nov

DTIL

Precision BioSciences

$8.77

0.27 (3.18%)

14:44
11/12/19
11/12
14:44
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14:44
Conference/Events
Precision BioSciences participates in a conference call with BTIG »

Conference call with…

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  • 15

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    Dec

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