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NFLX

Netflix

$291.48

1.85 (0.64%)

, DIS

Disney

$137.94

4.87 (3.66%)

10:47
11/09/19
11/09
10:47
11/09/19
10:47

Streaming heats up between Netflix, Disney+, Apple TV+, Barron's says

Barron's Eric Savitz interviewed tech analyst Rich Greenfield, who recently launched LightShed Partners, which will focus on TMT -- technology, media, and telecommunications. Asked why he is positive on Netflix (NFLX), despite how much it has spent on content and its difficulties becoming cash flow positive, Greenfield said, "I'm upbeat on streaming broadly... In the post-bundle world, there are more dollars available for Netflix, HBO Max, Disney+. And while Netflix has good penetration in the U.S., it is still in the early days in markets like India, Japan, and Korea. The global opportunity is tremendous and isn't being properly valued." On how Disney+ (DIS), which launches this week, and Apple TV+ (AAPL), which just launched, will do, Greenfield said, "They're opposites in strategy. Disney is relying heavily on catalog content. Apple has no catalog." On Disney+, he added, "Streaming is going to work for Disney. The question is whether they do it profitably, given what they need to invest in original programming. The bigger question is what they do with their legacy businesses." On Apple TV+, he added, "Apple is going to spend more on original programming in year one than Disney. Using the Apple installed base and giving it away to existing Apple-device buyers, at least for year one, seems like a pretty good on-road." Reference Link

NFLX

Netflix

$291.48

1.85 (0.64%)

DIS

Disney

$137.94

4.87 (3.66%)

AAPL

Apple

$260.20

0.78 (0.30%)

  • 21

    Nov

  • 09

    Dec

  • 10

    Dec

NFLX Netflix
$291.48

1.85 (0.64%)

10/22/19
LOOP
10/22/19
NO CHANGE
Target $415
LOOP
Buy
Netflix to continue growing subscriber count at rapid rate, says Loop Capital
Loop Capital analyst Alan Gould is keeping his Buy rating and $415 price target on Netflix after reviewing its latest 10-Q filing, which he claims to confirm a "number of positive trends". The analyst cites the positive free cash flow generated by the company in the latest quarter when excluding the increase in "content in development". Gould also notes that the streaming library per paid subscriber metric declined again, suggesting that less content is required to maintain the subscription. The analyst contends that Netflix can continue to grow its subs at a "rapid rate" given its international expansion despite the "increasingly competitive environment."
10/28/19
IMPC
10/28/19
NO CHANGE
Target $446
IMPC
Outperform
Netflix price target lowered to $446 from $451 at Imperial Capital
Imperial Capital analyst David Miller lowered his price target for Netflix to $446 from $451 while maintaining an Outperform rating on the shares. Netflix is tapping the high yield market for the tenth time in the last six years, Miller tells investors in a research note. The analyst reduced his fiscal 2020 estimates due to the expectation of higher interest expense as a result of the latest debt transaction. He notes, however, that the company has a history of using the bond market effectively.
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.
11/05/19
EVER
11/05/19
NO CHANGE
Target $300
EVER
In Line
October app data suggest Netflix subscriber miss in Q4, says Evercore ISI
Following an analysis of October app data points for Netflix, Evercore ISI analyst Lee Horowitz says the company's global downloads grew around 2% in October, down modestly from September, as international growth slowed to 3% versus 6% in September. However, Netflix's U.S. download growth improved, to down 4% in October versus down 10% in September, as a growing film slate "seems to have bolstered the top of the funnel domestically," Horowitz tells investors in a research note titled "A Spooky Start for NFLX 4Q Downloads." The analyst, who cautions against reading too deeply into these results, says the October levels are consistent with "below-guidance" Q4 subscriber results. In addition, while Horowitz expects Martin Scorsese's The Irishman will benefit subscriber growth trends in November, he points out that a geographic analysis of download trends associated with El Camino suggest that U.S. dramatic films "may not materially move the subscriber growth needle in key international growth markets." The analyst keeps an In-Line rating on Netflix with a $300 price target.
DIS Disney
$137.94

4.87 (3.66%)

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.
11/08/19
WELS
11/08/19
NO CHANGE
Target $167
WELS
Outperform
Disney price target lowered to $167 from $173 at Wells Fargo
Wells Fargo analyst Steven Cahall lowered his price target for Disney to $167 from $173 following the company's Q4 results, saying upside came from Media and Parks. With Parks fears assuaged, Cahall tells investors in a research note that eyes go back to DTC efforts and the upcoming Disney+ launch. Cahall says Disney is on the cusp of a major transformation, and while execution risk is pretty high, in the end he thinks content wins and Disney "has that in spades." He keeps an Outperform rating on the shares.
11/08/19
MSCO
11/08/19
NO CHANGE
Target $160
MSCO
Overweight
Morgan Stanley says survey shows increased consumer enthusiasm for Disney+
Morgan Stanley analyst Benjamin Swinburne said Disney's (DIS) strong Q4 results were driven by Studio outperformance and better than expected losses at the direct-to-consumer interactive segment as ESPN+ and Hulu subscribers continued to grow. In the Media Networks segment, subscriber pressure was offset by solid ad sales and lower expenses, Swinburne added. Disney also announced a global distribution agreement for Disney+ with Amazon (AMZN), noted the analyst, who said his firm's most recent consumer survey of U.S. broadband households showed an uptick in interest in the upcoming streaming service. After earnings, Swinburne reiterates his Overweight rating and $160 price target on Disney shares.
10/29/19
DADA
10/29/19
NO CHANGE
Target $105
DADA
Buy
Akamai price target raised to $105 from $100 at DA Davidson
DA Davidson analyst Rishi Jaluria raised his price target on Akamai (AKAM) to $105 and kept his Buy rating after its "solid" Q3 results and Q4 guidance. The analyst notes that next quarter's outlook may also be conservative given the expected revenue contribution from next month's launch of Disney+ (DIS) and Apple TV+ (AAPL). Jaluria further cites Akamai management's commitment to 30% operating margins in 2020, which he sees as "achievable".
AAPL Apple
$260.20

0.78 (0.30%)

11/06/19
DADA
11/06/19
NO CHANGE
Target $20
DADA
Buy
Sonos rallies after DA Davidson calls 'natural acquisition target' for Apple
DA Davidson analyst Tom Forte reiterates a Buy rating on Sonos (SONO) with a $20 price target following Alphabet's (GOOG, GOOGL) acquisition of Fitbit (FIT). The stock in early trading is up 82c to $14.28. The analyst sees Sonos as the most likely company he covers to have its shares rally from either an improvement in investor perception or a takeover. Sonos is the "best house" on the "bad block" of hardware companies, and is "adjacent to the mansion on the neighboring block, Apple (AAPL)," Forte tells investors in a research note. Similar to Apple, Sonos makes products that are superior to the competition, has an eye for design, and boasts a premium brand that enables it to sell its products at higher prices than others, the analyst says. Further, Forte believes that similar to Fitbit not getting proper credit for its healthcare-related efforts, Sonos does not get credit for its superior technology and premium brand. As such, he sees Sonos as a "natural acquisition target for Apple." Furthermore, while less obvious than Apple, Amazon (AMZN) could acquire Sonos to advance its connected home efforts, according to Forte. The analyst also thinks the company could go private given the "lack of appreciation by Wall Street."
11/07/19
COWN
11/07/19
NO CHANGE
Target $100
COWN
Outperform
Qualcomm price target raised to $100 from $80 at Cowen
Cowen analyst Matthew Ramsey raised his price target on Qualcomm (QCOM) to $100 from $80 following better than expected Q4 results. The analyst cited its settlement with Apple (AAPL) and the potential for 2020/2021 5G modem/RF chips selling prices to move sharply higher and boost out-year estimates. He said shares continue to demonstrate a favorable risk/reward. Ramsey reiterated his Outperform rating on Qualcomm shares.
11/07/19
RBCM
11/07/19
NO CHANGE
Target $88
RBCM
Sector Perform
Qualcomm price target raised to $88 from $75 at RBC Capital
RBC Capital analyst Mitch Steves raised his price target on Qualcomm (QCOM) to $88 after its Q4 earnings beat and better than expected Q1 guidance, noting that its 5G unit shipment forecast of 175M-225M in 2020 implies a production ramp. The analyst still keeps his Sector Perform rating on the stock to reflect the continued FTC overhang and potential Apple (AAPL) modem chip in the future.
11/06/19
BOFA
11/06/19
NO CHANGE
Target $270
BOFA
Buy
Apple shares still have 'significant room to run,' says BofA/Merrill
BofA Merrill Lynch analyst Wamsi Mohan noted that his recent talks with investors lead him to believe there is skepticism about incremental upside in Apple shares with the stock up 63% year-to-date and the S&P up 23%. However, his analysis suggests "history favors owning Apple especially after a weak cycle" and he expects material relative outperformance heading into the 5G cycle, leaving "significant room for upside" in the shares. Mohan maintains a Buy rating and $270 price target on Apple shares.

TODAY'S FREE FLY STORIES

DHT

DHT Holdings

$7.52

-0.2 (-2.59%)

16:25
11/18/19
11/18
16:25
11/18/19
16:25
Syndicate
DHT Holdings files to sell 14.68M shares of common stock for holders »

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HPQ

HP Inc.

$20.01

-0.16 (-0.79%)

, XRX

Xerox

$39.30

0.355 (0.91%)

16:24
11/18/19
11/18
16:24
11/18/19
16:24
On The Fly
Fly Intel: Wall Street's top stories for Monday »

The major averages…

HPQ

HP Inc.

$20.01

-0.16 (-0.79%)

XRX

Xerox

$39.30

0.355 (0.91%)

TMUS

T-Mobile

$78.22

0.17 (0.22%)

WE

We Company

$0.00

(0.00%)

T

AT&T

$39.61

0.12 (0.30%)

VZ

Verizon

$59.43

-0.08 (-0.13%)

FDX

FedEx

$157.61

-0.695 (-0.44%)

WMT

Walmart

$120.21

1.32 (1.11%)

MO

Altria Group

$48.33

0.36 (0.75%)

KRTX

Karuna Therapeutics

$96.00

78.74 (456.20%)

SNAP

Snap

$14.69

0.76 (5.46%)

AMRN

Amarin

$22.63

-1.36 (-5.67%)

AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

SPOT

Spotify

$140.19

-7.16 (-4.86%)

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    Jan

ESE

Esco Technologies

$84.47

-0.8 (-0.94%)

, SON

Sonoco

$58.58

-0.29 (-0.49%)

16:23
11/18/19
11/18
16:23
11/18/19
16:23
Hot Stocks
Esco Technologies divests technical packaging business segment to Sonoco »

Esco Technologies (ESE)…

ESE

Esco Technologies

$84.47

-0.8 (-0.94%)

SON

Sonoco

$58.58

-0.29 (-0.49%)

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  • 19

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KRTX

Karuna Therapeutics

$96.00

78.74 (456.20%)

16:23
11/18/19
11/18
16:23
11/18/19
16:23
Syndicate
Karuna Therapeutics files to sell 2.6M shares of common stock »

Goldman Sachs & Co.…

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  • 18

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LHX

L3Harris Technologies

$202.71

0.21 (0.10%)

16:22
11/18/19
11/18
16:22
11/18/19
16:22
Initiation
L3Harris Technologies initiated  »

L3Harris Technologies…

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RGC

Regal Entertainment

$0.00

(0.00%)

, CNK

Cinemark

$34.15

0.02 (0.06%)

16:22
11/18/19
11/18
16:22
11/18/19
16:22
Periodicals
DOJ's Delrahim wants to end ban on studios owning theaters, Bloomberg says »

Makan Delrahim, head of…

RGC

Regal Entertainment

$0.00

(0.00%)

CNK

Cinemark

$34.15

0.02 (0.06%)

AMC

AMC Entertainment

$8.47

-0.28 (-3.20%)

IMAX

Imax

$20.88

-0.19 (-0.90%)

03/08/13
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  • 18

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SAFE

Safehold

$35.96

0.65 (1.84%)

, STAR

iStar

$12.18

-0.135 (-1.10%)

16:21
11/18/19
11/18
16:21
11/18/19
16:21
Syndicate
Safehold announces 2M share public offering, concurrent private placement »

Safehold (SAFE) announced…

SAFE

Safehold

$35.96

0.65 (1.84%)

STAR

iStar

$12.18

-0.135 (-1.10%)

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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  • 20

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SHAK

Shake Shack

$61.75

-0.835 (-1.33%)

16:20
11/18/19
11/18
16:20
11/18/19
16:20
Initiation
Shake Shack initiated  »

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KFRC

Kforce

$39.89

0.02 (0.05%)

16:20
11/18/19
11/18
16:20
11/18/19
16:20
Hot Stocks
Kforce director sells 23K shares of common stock »

In a regulatory filing,…

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
11/18/19
11/18
16:20
11/18/19
16:20
Options
Closing CBOE SPX and VIX Index summary for November 18th »

The CBOE Volatility Index…

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SAEX

SAExploration

$1.53

-0.03 (-1.92%)

16:19
11/18/19
11/18
16:19
11/18/19
16:19
Hot Stocks
SAExploration announces $130M in new projects in Alaska, Canada and Middle East »

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EGHT

8x8, Inc.

$20.79

0.14 (0.68%)

16:19
11/18/19
11/18
16:19
11/18/19
16:19
Syndicate
Breaking Syndicate news story on 8x8, Inc. »

8x8, Inc. files to sell…

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  • 04

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AMC

AMC Entertainment

$8.47

-0.28 (-3.20%)

, CNK

Cinemark

$34.15

0.02 (0.06%)

16:18
11/18/19
11/18
16:18
11/18/19
16:18
Periodicals
DOJ's Delrahim wants to end ban on studios owning theaters, Bloomberg says »

DOJ antitrust chief Makan…

AMC

AMC Entertainment

$8.47

-0.28 (-3.20%)

CNK

Cinemark

$34.15

0.02 (0.06%)

RGC

Regal Entertainment

$0.00

(0.00%)

IMAX

Imax

$20.88

-0.19 (-0.90%)

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  • 18

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LCII

LCI Industries

$105.10

-0.41 (-0.39%)

16:17
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11/18
16:17
11/18/19
16:17
Hot Stocks
LCI Industries subsidiary buys PWR-ARM Automatic Bimini assets of Schwintek »

LCI Industries announced…

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Z

Zillow

$39.94

0.25 (0.63%)

, ZG

Zillow

$39.75

0.32 (0.81%)

16:17
11/18/19
11/18
16:17
11/18/19
16:17
Hot Stocks
Zillow president of media and marketplaces, Greg Schwartz, steps down »

Zillow announced that…

Z

Zillow

$39.94

0.25 (0.63%)

ZG

Zillow

$39.75

0.32 (0.81%)

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  • 19

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
11/18/19
11/18
16:17
11/18/19
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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SNE

Sony

$62.41

0.38 (0.61%)

, T

AT&T

$39.61

0.12 (0.30%)

16:16
11/18/19
11/18
16:16
11/18/19
16:16
Hot Stocks
Sony Pictures acquires AT&T's stake in Game Show Network »

Sony Pictures…

SNE

Sony

$62.41

0.38 (0.61%)

T

AT&T

$39.61

0.12 (0.30%)

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SON

Sonoco

$58.58

-0.29 (-0.49%)

, ESE

Esco Technologies

$84.47

-0.8 (-0.94%)

16:16
11/18/19
11/18
16:16
11/18/19
16:16
Hot Stocks
Sonoco to acquire TEQ from Esco Technologies for $187M, sees deal as accretive »

Sonoco (SON) announced it…

SON

Sonoco

$58.58

-0.29 (-0.49%)

ESE

Esco Technologies

$84.47

-0.8 (-0.94%)

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  • 19

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    Nov

OVID

Ovid Therapeutics

$2.76

0.14 (5.34%)

, NVS

Novartis

$90.32

0.3 (0.33%)

16:16
11/18/19
11/18
16:16
11/18/19
16:16
Hot Stocks
Ovid Therapeutics appoints Jason Tardio as CCO »

Ovid Therapeutics (OVID)…

OVID

Ovid Therapeutics

$2.76

0.14 (5.34%)

NVS

Novartis

$90.32

0.3 (0.33%)

03/08/13
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  • 07

    Dec

$NYE

NYSE Market Internals

$0.00

(0.00%)

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

Volume was average for…

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I

Intelsat

$7.98

-5.42 (-40.45%)

16:15
11/18/19
11/18
16:15
11/18/19
16:15
Downgrade
Intelsat rating change  »

Intelsat downgraded to In…

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  • 10

    Dec

GSX

GSX Techedu

$16.75

1.84 (12.34%)

16:15
11/18/19
11/18
16:15
11/18/19
16:15
Syndicate
GSX Techedu files to sell 15M American Depositary Shares for holders »

Representing 10M Class A…

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EFC

Ellington Financial

$18.78

(0.00%)

16:14
11/18/19
11/18
16:14
11/18/19
16:14
Syndicate
Ellington Financial offers to sell 4.2M shares of common stock »

UBS Securities LLC,…

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ESEA

Euroseas

$0.46

-0.007 (-1.50%)

16:13
11/18/19
11/18
16:13
11/18/19
16:13
Hot Stocks
Euroseas to acquire four containerships from Synergy Holdings for $40M »

Euroseas announced that…

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ANAB

AnaptysBio

$11.03

-0.05 (-0.45%)

16:12
11/18/19
11/18
16:12
11/18/19
16:12
Hot Stocks
EcoR1 Capital reports 6.3% stake in AnaptysBio »

EcoR1 Capital disclosed a…

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