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NWSA

News Corp.

$13.48

-0.19 (-1.39%)

, NWS

News Corp

$13.79

-0.11 (-0.79%)

16:51
10/18/19
10/18
16:51
10/18/19
16:51

Facebook reaches pact with News Corp., others for news section, WSJ says

News Corp. (NWSA) has reached an agreement to allow Facebook (FB) to feature headlines from the Wall Street Journal and other Dow Jones properties, as well as the New York post, in the social media company's upcoming news section, the Wall Street Journal's Lukas I. Alpert reports. Other publications, including the Washington Post, BuzzFeed News, and Business Insider, have also agreed to be part of the new section, Alpert says, citing people familiar with the matter. The New York Times (NYT) has been in discussions with the social media giant, but a spokeswoman for the paper declined to say whether it had reached a pact, the author notes. The deal, for which News Corp. will be paid a licensing fee, had some obstacles due to the Journal's rigid digital subscription business model, the author notes, citing people familiar with the matter. Reference Link

NWSA

News Corp.

$13.48

-0.19 (-1.39%)

NWS

News Corp

$13.79

-0.11 (-0.79%)

FB

Facebook

$185.96

-4.435 (-2.33%)

NYT

New York Times

$29.76

0.21 (0.71%)

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    Oct

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    Oct

  • 06

    Nov

NWSA News Corp.
$13.48

-0.19 (-1.39%)

08/11/19
FBCO
08/11/19
UPGRADE
FBCO
Outperform
News Corp. upgraded to Outperform from Neutral at Credit Suisse
07/19/19
07/19/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. SAP (SAP) downgraded to Hold from Buy at Deutsche Bank with analyst Alex Tout saying he believes the company's momentum in Q2 fell short of what was needed for the shares to re-rate higher. 2. Alcoa (AA) downgraded to Hold from Buy at Argus and Jefferies. 3. Paycom (PAYC) downgraded to Hold from Buy at Jefferies with analyst Samad Samana citing valuation. 4. Michaels (MIK) downgraded to Underperform from Neutral at BofA/Merrill with analyst Elizabeth Suzuki citing a U.S. arts and crafts consumer survey that she said gave some color on why the company's same-store sales growth has been "lackluster. 5. News Corp. (NWSA) downgraded to Underweight from Neutral at JPMorgan with analyst Alexia Quadrani saying while the stock may appear attractively valued, she has little conviction in forward estimates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/19/19
JPMS
07/19/19
DOWNGRADE
Target $12
JPMS
Underweight
JPMorgan downgrades News Corp. to Underweight, cuts price target to $12
JPMorgan analyst Alexia Quadrani last night downgraded News Corp. to Underweight from Neutral and lowered her price target for the shares to $12 from $13. The analyst says that while the stock may appear attractively valued, she has little conviction in forward estimates. Quadrani, who points out she's reduced News Corp.'s estimates 12 times over the last three years, believes challenges will persist in the company's News and Information Services and Subscription Video Services divisions. Further, she sees weakness in new listings at REA and "further headwinds to growth continuing." The analyst looks for stabilization in her estimates or signs of strategic change as catalysts to reevaluate her rating.
07/18/19
JPMS
07/18/19
DOWNGRADE
Target $12
JPMS
Underweight
News Corp. downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Alexia Quadrani downgraded News Corp. to Underweight from Neutral and lowered her price target for the shares to $12 from $13.
NWS News Corp
$13.79

-0.11 (-0.79%)

FB Facebook
$185.96

-4.435 (-2.33%)

10/10/19
10/10/19
UPGRADE
Target $89

Outperform
Match Group upgraded to Outperform at Oppenheimer
As previously reported, Oppenheimer analyst Jason Helfstein upgraded Match Group (MTCH) to Outperform from Perform, with a price target of $89. The analyst notes that the stock is down 27% from its highs on an overall correction in momentum names, confusion surrounding a likely debt transfer as part ofthe spinoff from IAC (IAC) and concerns over the FTC lawsuit. Helfstein is now less concerned about competition from Facebook (FB) Dating, and highlights that 3P download data shows an acceleration in Tinder and localized offerings. Lastly, his survey work indicates that only 44% of U.S. singles are currently using an online dating product, suggesting material growth in overall usage.
10/15/19
RSBL
10/15/19
NO CHANGE
Target $242
RSBL
Buy
Rosenblatt a buyer of Facebook shares into Q3 report
Rosenblatt analyst Mark Zgutowicz is a buyer of Facebook shares into the company's Q3 results on Wednesday, October 30. Demand side indications remain strong for both News Feed and Instagram as respective return on ad spend remains at the top end of advertiser buys, Zgutowicz tells investors in a research note. However, with Facebook "under a regulator microscope," the analyst does not expect a "big" beat and raise quarter, but rather a modest beat and reduction to 2019 expense growth guidance. With the stock trading at 19 times estimated 2020 earnings, a modest beat will satisfy "the bar," contends Zgutowicz. He reiterates a Buy rating on Facebook with a $242 price target.
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
BARD
10/16/19
NO CHANGE
Target $230
BARD
Outperform
Facebook checks generally positive but guidance could be overhang, says Baird
Baird analyst Colin Sebastian said Facebook will likely see upside to his and the Street's Q3 estimates as agency and advertiser checks suggest relatively steady growth rates versus the slowdown implied by guidance. The analyst believes the company's focus on privacy, data security, messaging , and other product improvements will continue to weigh on margins but he thinks it is likely embedded in investor expectations and consensus estimates. Sebastian reiterated his Outperform rating and $230 price target on Facebook shares.
NYT New York Times
$29.76

0.21 (0.71%)

12/14/18
12/14/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with an Outperform at Wedbush and a Hold at Deutsche Bank. 2. New York Times (NYT) initiated with an Outperform at Evercore ISI. 3. Ford (F) and General Motors (GM) were initiated with a Buy at Deutsche Bank, while Autoliv (ALV) was initiated with a Sell. 4. AstraZeneca (AZN) initiated with a Buy at SunTrust while GlaxoSmithKline (GSK) was initiated with a Hold. 5. DaVita (DVA) initiated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/19
10/09/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Peloton (PTON) initiated with an Outperform rating at Baird. 2. Boot Barn (BOOT) initiated with an Overweight rating at Stephens. 3. Wingstop (WING) initiated with a Buy rating at Loop Capital. 4. LexinFintech (LX) initiated with an Outperform at Credit Suisse. 5. New York Times (NYT) initiated with a Neutral at Guggenheim. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/19
GUGG
10/09/19
INITIATION
Target $27.5
GUGG
Neutral
New York Times initiated with a Neutral at Guggenheim
Guggenheim analyst Curry Baker initiated New York Times with a Neutral rating and a price target of $27.50. The analyst notes that while the company has successfully transformed its business model into a digital, subscription-first enterprise over the past five years, it looks to be falling short on its target of reaching 10M subscribers by 2025. Baker is forecasting about 9.4M subscribers by that year, adding that New York Times stock is currently trading at a "rich premium" to its peer set and other media companies.
10/02/19
JPMS
10/02/19
NO CHANGE
Target $37
JPMS
Overweight
New York Times subscriber growth to accelerate in 2020, says JPMorgan
New York Times has successfully transformed itself into a digital growth business mitigating declines in print, JPMorgan analyst Alexia Quadrani tells investors in a research following a deep dive into the company's future outlook. She believes New York Times' subscriber growth is likely to accelerate, although with its costs remaining elevated. The analyst expects an acceleration in subscriber growth beginning in 2020, driven by the elevated news cycle around the elections and the return on investments the company has been making to broaden the product offering and better convert the casual reader to a subscriber. Its addressable market is large and competition thus far is "somewhat limited," contends Quadrani. The analyst established a December 2020 price target for the shares of $37 and raised her subscriber adds for the core news product in 2020 to 600,000 from 575,000 and digital to 275,000 from 250,000. Quadrani keeps an Overweight rating on New York Times.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
11/18/19
11/18
11:17
11/18/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
11/18/19
11/18
11:16
11/18/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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11:15
11/18/19
11/18
11:15
11/18/19
11:15
General news
Chair Powell met with President Trump and Treasury Secretary Mnuchin »

Chair Powell met with…

11:15
11/18/19
11/18
11:15
11/18/19
11:15
General news
Breaking General news story  »

6-Month Bill Auction to…

11:15
11/18/19
11/18
11:15
11/18/19
11:15
General news
Breaking General news story  »

3-Month Bill Auction to…

LK

Luckin Coffee

$28.78

1.72 (6.36%)

11:09
11/18/19
11/18
11:09
11/18/19
11:09
Options
Heavy option volume in Luckin Coffee as display caffeine jitters »

Heavy option volume in…

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  • 19

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    Nov

PTON

Peloton

$28.40

1.12 (4.11%)

11:05
11/18/19
11/18
11:05
11/18/19
11:05
Options
Peloton Interactive call volume above normal and directionally bullish »

Bullish option flow…

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  • 09

    Dec

BA

Boeing

$373.21

1.66 (0.45%)

11:03
11/18/19
11/18
11:03
11/18/19
11:03
Hot Stocks
Boeing 'strongly disagrees' with OIG report conclusions about CST-100 Starliner »

In response to the Nov.…

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TRP

TC Energy

$51.43

0.05 (0.10%)

11:00
11/18/19
11/18
11:00
11/18/19
11:00
Conference/Events
TC Energy management to meet with JPMorgan »

Meetings to be held in…

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  • 20

    Nov

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    Nov

SPY

SPDR S&P 500 ETF Trust

$311.27

-0.56 (-0.18%)

, SPX

S&P 500

$0.00

(0.00%)

10:53
11/18/19
11/18
10:53
11/18/19
10:53
General news
Trump says negative rates, easing discussed in 'very good' meeting with Powell »

President Donald Trump…

SPY

SPDR S&P 500 ETF Trust

$311.27

-0.56 (-0.18%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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CGC

Canopy Growth

$14.66

-0.665 (-4.34%)

10:50
11/18/19
11/18
10:50
11/18/19
10:50
Options
Bad trip for Canopy put seller after 10day 30% slide »

Bad trip for Canopy put…

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  • 19

    Nov

LTS

Ladenburg Thalmann

$3.48

(0.00%)

10:49
11/18/19
11/18
10:49
11/18/19
10:49
Downgrade
Ladenburg Thalmann rating change  »

Ladenburg Thalmann…

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TWTR

Twitter

$29.33

0.08 (0.27%)

10:45
11/18/19
11/18
10:45
11/18/19
10:45
Options
Twitter call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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  • 06

    Feb

10:45
11/18/19
11/18
10:45
11/18/19
10:45
General news
FX Action: USD-CAD »

FX Action: USD-CAD was…

AMRN

Amarin

$23.72

-0.275 (-1.15%)

10:44
11/18/19
11/18
10:44
11/18/19
10:44
Recommendations
Amarin analyst commentary  »

Roth says Amarin's…

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  • 18

    Nov

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    Dec

XRX

Xerox

$38.61

-0.335 (-0.86%)

, HPQ

HP Inc.

$19.97

-0.2 (-0.99%)

10:34
11/18/19
11/18
10:34
11/18/19
10:34
On The Fly
Deutsche Bank sees 'openness' to possible deal in HP rejection of Xerox offer »

HP Inc (HPQ) announced…

XRX

Xerox

$38.61

-0.335 (-0.86%)

HPQ

HP Inc.

$19.97

-0.2 (-0.99%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 26

    Nov

  • 09

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$311.25

-0.58 (-0.19%)

10:34
11/18/19
11/18
10:34
11/18/19
10:34
General news
Fed Chair Powell met with Trump, did not talk monetary policy expectations »

The Federal Reserve said…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$311.25

-0.58 (-0.19%)

03/08/13
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03/06/13
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03/06/13
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SNAP

Snap

$14.52

0.59 (4.24%)

10:30
11/18/19
11/18
10:30
11/18/19
10:30
Hot Stocks
Breaking Hot Stocks news story on Snap »

Snap up 4% to $14.47…

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  • 21

    Nov

SNAP

Snap

$14.53

0.595 (4.27%)

10:30
11/18/19
11/18
10:30
11/18/19
10:30
Hot Stocks
Snap CEO says spectacles unlikely to replace phones »

Evan Spiegel is speaking…

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  • 21

    Nov

RVLV

Revolve Group

$15.06

-0.4 (-2.59%)

10:30
11/18/19
11/18
10:30
11/18/19
10:30
Options
Put bomber doubles position in online fashion retailer Revolve Group »

Put bomber doubles…

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SNAP

Snap

$14.51

0.58 (4.16%)

10:29
11/18/19
11/18
10:29
11/18/19
10:29
Hot Stocks
Snap CEO says likely 10 years before spectacles are made for all day wear »

Evan Spiegel is speaking…

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  • 21

    Nov

SNAP

Snap

$14.52

0.59 (4.24%)

10:28
11/18/19
11/18
10:28
11/18/19
10:28
Hot Stocks
Snap CEO says spectacles will take time to get to ubiquity »

Evan Spiegel is speaking…

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  • 21

    Nov

SNAP

Snap

$14.52

0.59 (4.24%)

10:27
11/18/19
11/18
10:27
11/18/19
10:27
Hot Stocks
Snap CEO says maps will be more personal in the future »

Evan Spiegel is speaking…

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  • 21

    Nov

AMRN

Amarin

$23.84

-0.15 (-0.63%)

, NFLX

Netflix

$301.26

6.36 (2.16%)

10:27
11/18/19
11/18
10:27
11/18/19
10:27
On The Fly
Splunk upgrade, Amarin downgrade among today's top calls on Wall Street »

Check out today's top…

AMRN

Amarin

$23.84

-0.15 (-0.63%)

NFLX

Netflix

$301.26

6.36 (2.16%)

SPLK

Splunk

$121.73

2.58 (2.17%)

WDAY

Workday

$163.83

-2.1 (-1.27%)

VSAT

ViaSat

$74.80

2.94 (4.09%)

DIS

Disney

$146.14

1.51 (1.04%)

FIVE

Five Below

$122.01

2.41 (2.02%)

DG

Dollar General

$159.85

-0.29 (-0.18%)

03/08/13
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  • 18

    Nov

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    Nov

  • 21

    Nov

  • 03

    Dec

  • 05

    Dec

  • 09

    Dec

  • 09

    Dec

  • 10

    Dec

  • 10

    Dec

  • 28

    Dec

SNAP

Snap

$14.55

0.62 (4.45%)

10:26
11/18/19
11/18
10:26
11/18/19
10:26
Hot Stocks
Snap CEO sees 'huge opportunity' around maps »

Evan Spiegel is speaking…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 21

    Nov

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