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MNST

Monster Beverage

$58.19

1.45 (2.56%)

, GOOGL

Alphabet Class A

$1,307.98

0.96 (0.07%)

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

Barron's suggests some S&P companies that should start paying a dividend

Barron's Lawrence Strauss wrote that 78 stocks in the S&P 500 don't pay a dividend, and highlighted a number of them that should start. Berkshire Hathaway (BRK.B) hasn't paid a dividend since 1967, but David King, a senior portfolio manager at Columbia Threadneedle Investments, contended, "If they want to keep $128B of cash on the balance sheet, it's dividend time." Two S&P technology companies that should pay a dividend are Facebook (FB) and Alphabet (GOOGL), Strauss added. Ben Kirby, a co-manager of the Thornburg Investment Income Builder fund, noted that both "are already at a stage where shareholders deserve a dividend, and where capital discipline should be imposed on management through a dividend payout." Monster Beverage (MNST) is another candidate for a dividend, as it has minimal debt and around $1.3B of cash and short-term investments as of September 30, according to Strauss. Reference Link

MNST

Monster Beverage

$58.19

1.45 (2.56%)

GOOGL

Alphabet Class A

$1,307.98

0.96 (0.07%)

FB

Facebook

$190.86

0.48 (0.25%)

BRK.B

Berkshire Hathaway

$221.27

-1.48 (-0.66%)

MNST Monster Beverage
$58.19

1.45 (2.56%)

11/08/19
JEFF
11/08/19
NO CHANGE
Target $70
JEFF
Buy
Monster Beverage price target raised to $70 after 'strong' Q3 at Jefferies
Jefferies analyst Kevin Grundy raised his FY19-21 EPS estimates for Monster Beverage by about 1% following the company's "strong" Q3 results, adding that he believes the company's report of 8.6% forex-neutral sales growth, or 14.6% adjusted for advance purchases, in October should be "well received." The analyst, who continues to view Monster's valuation as "compelling," keeps a Buy rating on the stock and raised his price target to $70 from $68.
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.
11/01/19
JEFF
11/01/19
NO CHANGE
JEFF
Sports and energy drinks still strong in Europe, says Jefferies
European Nielsen sales trends were little changed for the four weeks ended October, with sports/energy drinks and salty snacks "still strong" at up 5.7% and up 5.1%, respectively, Jefferies analyst Kevin Grundy tells investors in a research note. In addition, Monster Beverage (MNST) gained share despite the launch of Coke Energy (KO), the analyst adds. He notes that European carbonated soft drinks "remain muted" as the industry cycles difficult year-over-year comps. Monster and Coca-Cola European Partners (CCEP) remain Grundy favored cap beverage stocks.
11/04/19
STFL
11/04/19
NO CHANGE
Target $71
STFL
Buy
Stifel cuts Monster Beverage estimates, maintains Buy rating on long-term view
Stifel analyst Mark Astrachan lowered his 2019-2020 sales and EPS estimates for Monster Beverage to reflect U.S. scanner data that points to slowing growth and he now models 5.0% U.S. growth through 2020, down from his prior forecast of about 6.5%. While in the nearer term he expects Monster's U.S. growth to remain muted, he expects an acceleration in 2020, which he expects to be "an above-average year of innovation" at Monster. Astrachan keeps a Buy rating and $71 price target on Monster Beverage shares, noting that he sees the stock's current valuation as "undemanding."
GOOGL Alphabet Class A
$1,307.98

0.96 (0.07%)

11/08/19
DADA
11/08/19
NO CHANGE
Target $44
DADA
Buy
TripAdvisor price target lowered to $44 from $55 at DA Davidson
DA Davidson analyst Tom White lowered his price target on TripAdvisor (TRIP) to $44 after its "disappointing" Q3 results as the company's core Hotels, Media & Platform segment revenue fell 12% while leading to a cut in its 2019 EBITDA growth outlook to "single-digits" from "double-digit". The analyst notes that the competitive Google (GOOGL) SEO issues are unlikely to abate in 2020, but he is keeping his Buy rating on the stock, noting that Tripadvisor is making progress in accelerating its ongoing transformation into a hotel/lodging business that relies less on auction-based ad spend.
11/08/19
JMPS
11/08/19
DOWNGRADE
JMPS
Market Perform
Expedia downgraded to Market Perform from Outperform at JMP Securities
JMP Securities analyst Andrew Boone downgraded Expedia (EXPE) to Market Perform from Outperform after its Q3 earnings miss and guidance cut. The analyst believes that the SEO issues revealed in the quarter will likely persist as a headwind to profitability and cash flow. Boone adds that Vrbo will require more time to benefit from rebranding. The analyst also expects Goolge's (GOOGL) vacation travel ad product and rental module to pose competitive threats to Expedia.
11/07/19
PIPR
11/07/19
NO CHANGE
Target $39
PIPR
Neutral
TripAdvisor price target lowered to $39 from $52 at Piper Jaffray
Piper Jaffray analyst Michael Olson lowered his price target for TripAdvisor (TRIP) shares to $39 from $52 after the company reported weak Q3 revenue and EBITDA and lowered its FY19 EBITDA growth expectation. He believes Google's (GOOGL) "increased aggressiveness" in travel, including placing more emphasis on its own hotel offerings and driving free links farther down the page, is hurting TripAdvisor as well as other online travel players, Olson tells investors. TripAdvisor, and others, may have to turn to higher cost marketing channels to drive similar traffic or face further top-line challenges, contends the analyst, who keeps a Neutral rating on the TripAdvisor shares.
11/07/19
DADA
11/07/19
DOWNGRADE
Target $130
DADA
Neutral
Expedia downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Tom White downgraded Expedia (EXPE) to Neutral from Buy with a price target of $130, down from $162. The analyst cites the company's surprising Q3 earnings miss and a cut in its FY19 guidance, noting that the fundamental outlook for the stock has "significantly weakened" over the next several quarters. White further states that search engines are allocating "more prominent real estate to their own paid and monetizable travel search products", and sees "no demand source alternatives" that could mitigate Expedia's reliance on Google (GOOGL) any time soon.
FB Facebook
$190.86

0.48 (0.25%)

11/05/19
11/05/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Outperform at Daiwa with analyst Satoshi Tanaka saying the company's Q3 results and 2020 outlook last week go a "long way to alleviate concerns." 2. Beyond Meat (BYND) upgraded to Outperform from Market Perform at Bernstein with analyst Alexia Howard saying she is making a "straightforward valuation call" with the shares down 66% from their peak. 3. NXP Semiconductors (NXPI) upgraded to Buy from Neutral at Mizuho with analyst Vijay Rakesh saying the company's auto segment is showing signs of recovery, with easier compares and content wins. 4. Amgen (AMGN) upgraded to Overweight from Neutral at Cantor Fitzgerald with analyst Alethia Young saying recent events have set the stage for a "clean base business and pipeline story" for Amgen in 2020. 5. Autoliv (ALV) upgraded to Buy from Neutral at Mizuho with analyst Vijay Rakesh saying an improving 2020-2021 auto outlook with easier compares, continued airbag market share gains versus Takata, and lower product launch costs position Autoliv well. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/05/19
DAIW
11/05/19
UPGRADE
Target $250
DAIW
Buy
Daiwa upgrades Facebook to Buy, says earnings concerns 'largely alleviated'
Daiwa analyst Satoshi Tanaka last night upgraded Facebook to Buy from Outperform with a price target of $250, up from $235. The company's Q3 results and 2020 outlook last week go a "long way to alleviate concerns," Tanaka tells investors in a research note. The analyst sees "clearer visibility" from 2020 as well as higher upside after the stock's recent pullback. Facebook's revenue growth slowdown is more moderate than previously anticipated while its guidance for total expenses remains within expectations, contends the analyst. He believes the "negative repercussions" stemming from the implementation of Europe's new data protection regulation and Facebook's data leak "controversy are clearer now that a year has passed." Concerns on the earnings front "have largely been alleviated," says Tanaka.
11/04/19
DAIW
11/04/19
UPGRADE
DAIW
Buy
Facebook upgraded to Buy from Outperform at Daiwa
11/04/19
SPHN
11/04/19
INITIATION
Target $250
SPHN
Overweight
Stephens starts Trade Desk at Overweight, touts model compared to Netflix, Roku
Stephens analyst Kyle Evans initiated coverage of Trade Desk (TTD) with an Overweight rating and $250 price target, stating that he believes investors should own the stock because the company has "a more distributed, defendable and profitable business model" than Netflix (NFLX) or Roku (ROKU) with fewer regulatory risks than Google (GOOGL) or Facebook (FB), although he added that the stock is "volatile and expensive." He sees the catalysts of connected TV tailwinds and international growth outweighing the risks of a premium multiple and the growth of ad-free streaming TV options, Evans added.
BRK.B Berkshire Hathaway
$221.27

-1.48 (-0.66%)

04/24/19
BOFA
04/24/19
NO CHANGE
BOFA
PG&E deal talks report could drive renewed interest, says BofA/Merrill
BofA Merrill Lynch analyst Julien Dumoulin-Smith noted that SparkSpread reported that Berkshire Hathaway Energy (BRK.A) was in talks to acquire bankrupt PG&E (PCG). However, CNBC subsequently reported that Berkshire had no interest, citing direct conversations with Warren Buffett, and a spokesperson also noted the company is not in talks with PG&E, noted the analyst. Still, he thinks headlines regarding the Berkshire interest could help drive renewed interest in PG&E from other large-cap entities, adding that "for all of the same reasons why we see credibility to a potential Berkshire bid, much of the same applies to any other large buyer." Dumoulin-Smith keeps No Rating on PG&E shares given ongoing Chapter 11 proceedings.
04/09/19
KEYB
04/09/19
NO CHANGE
Target $235
KEYB
Overweight
Workday wins deal from Berkshire Hathaway's Geico, says KeyBanc
KeyBanc analyst Brent Bracelin reported that he found a recent job posting indicating that Geico, a subsidiary of Berkshire Hathaway (BRK.A), plans to implement Workday (WDAY) Financials as its new ERP system. He view the Geico win, which also includes the use of Workday's Adaptive Insights planning software, as further validation of the increasing cloud financial momentum at the company. The analyst, who sees share gains across both HCM and ERP as the primary drivers of upside for Workday, has an Overweight rating and $235 price target on the shares.
11/15/18
11/15/18
NO CHANGE

Morgan Stanley says 13F a 'clear signal' of value Buffett sees in financials
Following the release last night of 13F filings detailing the holdings of large investors, including Berkshire Hathaway (BRK.A), Morgan Stanley analyst Kai Pan noted that the filing from Warren Buffett's Berkshire revealed increased stakes in Bank of America (BAC), U.S. Bancorp (USB) and Goldman Sachs (GS) along with new stakes in JPMorgan (JPM), PNC Financial (PNC) and Travelers (TRV). The analyst sees these investments, along with the fact that Berkshire's s financial holdings stood at 46% of its overall $203B equity portfolio as of quarter end, as a "clear signal" of the value that Buffett sees in financials, Pan tells investors. He adds that he views Buffett's new stake in Oracle (ORCL) as another "notable" new purchase.

TODAY'S FREE FLY STORIES

GCP

GCP Applied Technologies

$22.04

-0.37 (-1.65%)

16:48
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11/18
16:48
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16:48
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GCP Applied Technologies files patent infringement suit against AVM Industries »

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DUK

Duke Energy

$88.63

0.05 (0.06%)

16:45
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Syndicate
Duke Energy files to sell 25M shares of common stock »

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PANW

Palo Alto Networks

$248.50

1.465 (0.59%)

16:45
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Initiation
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TUFN

Tufin

$17.32

-0.22 (-1.25%)

16:44
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Initiation
Tufin initiated  »

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I

Intelsat

16:43
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11/18
16:43
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16:43
Downgrade
Intelsat rating change  »

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  • 10

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CRWD

Crowdstrike

$57.06

-2.73 (-4.57%)

16:43
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Initiation
Crowdstrike initiated  »

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FBHS

Fortune Brands

$63.57

0.53 (0.84%)

16:43
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SPLK

Splunk

$122.75

3.6 (3.02%)

16:42
11/18/19
11/18
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Initiation
Splunk initiated  »

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  • 21

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ZS

Zscaler

$44.46

-1.37 (-2.99%)

16:41
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11/18
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Initiation
Zscaler initiated  »

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  • 03

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  • 16

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CAAP

Corporacion America Airport

$3.78

0.02 (0.53%)

16:41
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Hot Stocks
Corporacion America Airport reports October passenger traffic flat y/y »

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  • 22

    Nov

OKTA

Okta

$121.19

3.74 (3.18%)

16:41
11/18/19
11/18
16:41
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16:41
Upgrade
Okta rating change  »

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  • 05

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  • 16

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DG

Dollar General

$160.01

-0.13 (-0.08%)

16:39
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Dollar General to pay $6M to settle discrimination lawsuit brought by EEOC »

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  • 05

    Dec

  • 09

    Dec

I

Intelsat

$7.98

-5.42 (-40.45%)

16:38
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11/18
16:38
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16:38
Recommendations
Intelsat analyst commentary  »

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  • 10

    Dec

GPC

Genuine Parts

$105.38

0.57 (0.54%)

, HDS

HD Supply

$40.24

-0.5 (-1.23%)

16:38
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Genuine Parts elects William Stengel chief transformation officer »

Genuine Parts (GPC)…

GPC

Genuine Parts

$105.38

0.57 (0.54%)

HDS

HD Supply

$40.24

-0.5 (-1.23%)

03/08/13
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03/08/13
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03/06/13
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  • 09

    Dec

MET

MetLife

$49.12

-0.14 (-0.28%)

16:37
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11/18
16:37
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16:37
Syndicate
Breaking Syndicate news story on MetLife »

MetLife files automatic…

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  • 12

    Dec

ASH

Ashland

$78.65

0.03 (0.04%)

16:36
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Ashland CEO says 'faced more challenging external conditions than anticipated' »

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  • 19

    Nov

ASH

Ashland

$78.65

0.03 (0.04%)

16:35
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  • 19

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VNET

21Vianet

$8.27

0.22 (2.73%)

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Earnings
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  • 18

    Nov

SAEX

SAExploration

$1.53

-0.03 (-1.92%)

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Geospace

$13.77

0.31 (2.30%)

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GEOS

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$13.77

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  • 22

    Nov

VNET

21Vianet

$8.27

0.22 (2.73%)

16:33
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Earnings
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  • 18

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C

Citi

$74.40

0.02 (0.03%)

, ADS

Alliance Data

$104.71

1.31 (1.27%)

16:31
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Hot Stocks
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C

Citi

$74.40

0.02 (0.03%)

ADS

Alliance Data

$104.71

1.31 (1.27%)

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  • 14

    Jan

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Options
Preliminary option volume of 18.6M today »

Preliminary option volume…

AGO

Assured Guaranty

$48.76

0.45 (0.93%)

16:28
11/18/19
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16:28
Hot Stocks
Assured Guaranty CIO acquires roughly 25,000 common shares »

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MDU

MDU Resources

$29.10

0.08 (0.28%)

16:28
11/18/19
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MDU Resources announces five-year capital investment plan totaling $2.9B »

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PFGC

Performance Food Group

$46.17

(0.00%)

16:28
11/18/19
11/18
16:28
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16:28
Syndicate
Performance Food Group offers to sell 9.2M shares of common stock »

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