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GS

Goldman Sachs

$222.92

-0.21 (-0.09%)

, AAPL

Apple

$260.20

0.78 (0.30%)

19:24
11/10/19
11/10
19:24
11/10/19
19:24

Wall Street regulator looking into Apple Card discrimination, Bloomberg reports

New York Department of Financial Services is opening a probe into Goldman Sachs' (GS) credit card practices after a tech entrepreneur's viral tweet "alleged gender discrimination in the new Apple (AAPL) Card's algorithms when determining credit limits," according to Bloomberg's Sridhar Natarajan and Shahien Nasiripour. Replies to the tweet included Apple co-founder Steve Wozniak. A New York Department of Financial Services spokesperson said, "The department will be conducting an investigation to determine whether New York law was violated and ensure all consumers are treated equally regardless of sex. Any algorithm, that intentionally or not results in discriminatory treatment of women or any other protected class of people violates New York law." Reference Link

GS

Goldman Sachs

$222.92

-0.21 (-0.09%)

AAPL

Apple

$260.20

0.78 (0.30%)

  • 12

    Nov

GS Goldman Sachs
$222.92

-0.21 (-0.09%)

10/02/19
ODEN
10/02/19
NO CHANGE
ODEN
Hold
Goldman Sachs 'quite likely' to beat Q3 earnings consensus, says Odeon Capital
Odeon Capital analyst Richard Bove pointed out three reasons that he believes it is "quite likely" that Goldman Sachs will top the Q3 consensus EPS forecast of $5.41. The bank was ranked by Bloomberg as number one in U.S. equity offerings in the quarter, trading activity is likely to be higher on both a sequential and year-over-year basis and Goldman "typically" starts the process of lowering estimated compensation expenses in Q3, said Bove. Bove keeps a Hold rating on Goldman Sachs shares, noting that he thinks Goldman is unlikely to match its Q3 results in Q4.
10/14/19
KBWI
10/14/19
NO CHANGE
KBWI
Hard for Goldman, Morgan Stanley to justify E-Trade deal, says Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl looked into whether an acquisition of E-Trade (ETFC) would make sense for Goldman Sachs (GS) or Morgan Stanley (MS) after the electronic brokers reduced their commission rates. The analyst says he could make the strategic rationale for why a broker would buy an e-broker, namely cost savings and customer base expansion. However, ultimately a deal has to make sense financially as well, and it would be hard for Morgan or Goldman to justify on this basis, Kleinhanzl tells investors in a research note. In addition, with both brokers trading near tangible book value, shareholders would prefer buybacks versus an acquisition as a better use of shareholder capital at this point in the cycle, adds the analyst. As such a result, Kleinhanzl sees a deal for E-Trade as unlikely given the financial and capital impacts. He would be surprised if either broker aggressively pursued E-Trade as an acquisition.
10/16/19
OPCO
10/16/19
NO CHANGE
Target $301
OPCO
Outperform
Goldman Sachs price target lowered to $301 from $316 at Oppenheimer
Oppenheimer analyst Chris Kotowski lowered his price target for Goldman Sachs to $301 from $316 following quarterly results. The analyst reiterates an Outperform rating on the shares.
10/16/19
BMOC
10/16/19
NO CHANGE
Target $278
BMOC
Market Perform
Goldman Sachs price target raised to $278 from $273 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Goldman Sachs to $278 after its Q3 earnings beat that was driven by higher than expected Institutional Client Services revenues coming from higher equities trading results and "notably lower" compensation expenses. Despite the 37% total return implied by his price target however, the analyst is keeping his Market Perform rating on the company, saying he prefers to remain on the sidelines until the conclusion of its "front-to-back" business line review expected in January of next year as well as the potential disclosure of its new efficiency and return targets.
AAPL Apple
$260.20

0.78 (0.30%)

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.
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.

TODAY'S FREE FLY STORIES

DRNA

Dicerna

$19.29

-0.86 (-4.27%)

, NVO

Novo Nordisk

$57.28

-0.61 (-1.05%)

06:08
11/18/19
11/18
06:08
11/18/19
06:08
Hot Stocks
Dicerna, Novo Nordisk enter pact to develop RNAi therapies »

Dicerna Pharmaceuticals…

DRNA

Dicerna

$19.29

-0.86 (-4.27%)

NVO

Novo Nordisk

$57.28

-0.61 (-1.05%)

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TNK

Teekay Tankers

$2.39

0.155 (6.94%)

06:08
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KB

KB Financial Group

$37.67

0.305 (0.82%)

, KR

Kroger

$26.75

-0.165 (-0.61%)

06:07
11/18/19
11/18
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06:07
Upgrade
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KB

KB Financial Group

$37.67

0.305 (0.82%)

KR

Kroger

$26.75

-0.165 (-0.61%)

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ELS

Equity Lifestyle

$69.44

0.795 (1.16%)

06:05
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MU

Micron

$47.70

0.88 (1.88%)

, WDC

Western Digital

$50.34

-0.03 (-0.06%)

06:05
11/18/19
11/18
06:05
11/18/19
06:05
Periodicals
U.S. to extend license allowing companies to do business with Huawei, NYT says »

The Trump administration…

MU

Micron

$47.70

0.88 (1.88%)

WDC

Western Digital

$50.34

-0.03 (-0.06%)

OCLR

Bought by LITE

$0.00

(0.00%)

ACIA

Acacia Communications

$67.08

0.58 (0.87%)

NPTN

NeoPhotonics

$8.57

0.08 (0.94%)

LITE

Lumentum

$68.91

0.91 (1.34%)

IIVI

II-VI

$29.45

0.19 (0.65%)

03/08/13
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  • 19

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    Dec

AVEO

Aveo Pharmaceuticals

$0.64

-0.0088 (-1.37%)

06:05
11/18/19
11/18
06:05
11/18/19
06:05
Hot Stocks
Aveo Pharmaceuticals presents new data from Phase 3 TIVO-3 trial of tivozanib »

AVEO Oncology announced…

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AMRN

Amarin

$23.99

2.5 (11.63%)

06:05
11/18/19
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06:05
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Amarin rating change  »

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  • 28

    Dec

WRK

WestRock

$39.50

-0.52 (-1.30%)

06:04
11/18/19
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WestRock upgraded to Buy…

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JCOM

j2 Global

$95.90

1.17 (1.24%)

06:04
11/18/19
11/18
06:04
11/18/19
06:04
Initiation
j2 Global initiated  »

j2 Global initiated with…

03/08/13
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  • 19

    Nov

  • 04

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    Dec

ELS

Equity Lifestyle

$69.44

0.795 (1.16%)

06:03
11/18/19
11/18
06:03
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06:03
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  • 28

    Jan

KRTX

Karuna Therapeutics

$17.26

-0.26 (-1.48%)

06:02
11/18/19
11/18
06:02
11/18/19
06:02
Hot Stocks
Karuna Therapeutics: KarXT met primary endpoint in Phase 2 trial »

Karuna Therapeutics…

03/08/13
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EGFEY

Eurobank

$0.00

(0.00%)

06:01
11/18/19
11/18
06:01
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06:01
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Eurobank upgraded to Buy…

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SPLK

Splunk

$119.15

2.15 (1.84%)

06:01
11/18/19
11/18
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  • 21

    Nov

CANG

Cango

$6.79

-0.05 (-0.73%)

06:00
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WDAY

Workday

$165.93

1.17 (0.71%)

06:00
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  • 03

    Dec

SFTBF

SoftBank

$0.00

(0.00%)

, SFTBY

SoftBank

$0.00

(0.00%)

06:00
11/18/19
11/18
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Hot Stocks
SoftBank-backed Yahoo Japan set to merge with Naver's Line »

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SFTBF

SoftBank

$0.00

(0.00%)

SFTBY

SoftBank

$0.00

(0.00%)

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ESTC

Elastic

$74.06

1.94 (2.69%)

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  • 16

    Dec

OKTA

Okta

$117.45

1.45 (1.25%)

05:59
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  • 05

    Dec

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NBGIF

National Bank of Greece

$0.00

(0.00%)

05:57
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BPIRD

Piraeus Bank

$0.00

(0.00%)

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MUFG

Mitsubishi UFJ

$5.39

0.095 (1.79%)

05:56
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ISSDY

ISS

$0.00

(0.00%)

05:55
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AMKBY

AP Moller Maersk

$0.00

(0.00%)

05:53
11/18/19
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TMUS

T-Mobile

$78.05

1.18 (1.54%)

05:53
11/18/19
11/18
05:53
11/18/19
05:53
Conference/Events
T-Mobile to host business news update conference call »

Conference call to be…

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  • 18

    Nov

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  • 09

    Dec

BUD

AB InBev

$79.69

0.56 (0.71%)

05:52
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11/18
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  • 27

    Feb

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