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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$311.56

-2.98 (-0.95%)

12:52
12/02/19
12/02
12:52
12/02/19
12:52

Over 70 CEOs join labor union statement on Paris Agreement

Over 70 chief executive officers have signed a letter penned by Stuart Applebaum, the Executive Council & Chair of International Committee, AFL-CIO, urging the United States to adhere to the standards and goals established by the Paris Agreement. "We the undersigned are a group of CEOs who employ more than 2 million people in the United States and union leaders who represent 12.5 million workers. Together, we know that driving progress on addressing climate change is what's best for the economic health, jobs, and competitiveness of our companies and our country. In 2017, many of us came together to rally behind the US' participation in the Paris Agreement. We came together to say we are still in. Two years ago, the impacts of climbing global temperatures were clear. Today, with record temperatures across the country, fiercer hurricanes pummeling coasts, more destructive wildfires, droughts and flooding disrupting the economy, we have no time to waste. Two years ago, we knew that supporting the Paris Agreement was what was needed to help keep companies competitive and thriving under the shifting expectations of Americans. We stand with the 77% of registered American voters and over 4,000 American states, cities and businesses supporting the Paris Agreement. Today, we stand by our conviction that a commitment to the Paris Agreement requires a just transition of the workforce-one that respects labor rights and is achieved through dialogue with workers and their unions. Participation in the Paris Agreement enables us to plan for a just transition and create new decent, family-supporting jobs and economic opportunity. Staying in the Paris Agreement will strengthen our competitiveness in global markets, positioning the United States to lead the deployment of new technologies that support the transition, provide for our workers and communities, and create jobs and companies built to last. It also supports investment by setting clear goals which enable long-term planning. It encourages innovation to achieve emissions reductions at low cost. There has been progress, but not enough. This moment calls for greater, more accelerated action than we've seen. It calls for the strong policy framework the Paris Agreement provides, one that allows the US the freedom to choose our own path to emissions reductions. The promise of the Paris Agreement is one of a just and prosperous world. We urge the United States to join us in staying in." Executives who signed the letter include L'Oreal (LRLCY) CEO Jean-Paul Agon, MasterCard (MA) CEO Ajay Banga, InterContinental Hotels (IHG) CEO Keith Barr, Salesorce (CRM) co-CEO Marc Benioff, Citigroup (C) CEO Michael Corbat, Apple (AAPL) CEO Tim Cook, Disney (DIS) CEO Robert Iger, and Microsoft (MSFT) CEO Satya Nadella, among others. Reference Link

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$311.56

-2.98 (-0.95%)

LRLCY

L'Oreal

$0.00

(0.00%)

MA

MasterCard

$286.28

-5.95 (-2.04%)

IHG

InterContinental

$64.20

-0.48 (-0.74%)

CRM

Salesforce

$160.06

-2.84 (-1.74%)

C

Citi

$74.64

-0.38 (-0.51%)

AAPL

Apple

$264.34

-2.89 (-1.08%)

DIS

Disney

$150.05

-1.73 (-1.14%)

MSFT

Microsoft

$149.44

-1.98 (-1.31%)

GOOG

Alphabet

$1,284.92

-20.05 (-1.54%)

GOOGL

Alphabet Class A

$1,282.79

-21.11 (-1.62%)

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SPX S&P 500
$0.00

(0.00%)

12/06/18
DBAB
12/06/18
NO CHANGE
DBAB
Deutsche lowers probability of U.S., China trade deal after Huawei CFO arrest
Following reports that the CFO of Huawei was detained in Canada on December 1 due to an U.S. extradition request over Iran sanctions, Deutsche Bank analyst Zhiwei Zhang lowered his probability of the U.S. and China reaching a trade deal by March 1 to 30% from 40%. The arrest is a "clear signal that the trade war is escalating to a new level," Zhang tells investors in a research note partially titled "Huawei case is a big deal." U.S. business interests in China "face higher risk than before," says the analyst. He points out that Huawei has been widely recognized as one of the most successful technology companies in China.
09/30/19
JPMS
09/30/19
NO CHANGE
JPMS
JPMorgan upgrades Eurozone equities to Overweight, downgrades U.S.
JPMorgan equity strategist Mislav Matejka, who has held a longstanding preference for the U.S. over Eurozone equities, now believes that there is a "tactical opportunity opening up for Eurozone to catch up." As such, he upgraded Eurozone to Overweight, funding from the U.S., which leads to a downgrade of U.S. to Neutral. The Eurozone is sitting on a "significant spell of underperformance and it is underowned," Matejka tells investors in a research note. With a "valuation discount," any increase in fiscal stimulus speculations could be a help for the sentiment of European stocks, contends the analyst.
07/15/19
JPMS
07/15/19
NO CHANGE
JPMS
JPMorgan boosts S&P 500 12-month price target to 3,200
JPMorgan strategist Dubravko Lakos-Bujas boosted his S&P 500 12-month price target to 3,200 saying his "upside case for equities is increasingly in play." The Federal Reserve and Trump administration are easing on policy while investor positioning and sentiment remains low, Lakos-Bujas tells investors in a note to investors.
SPY SPDR S&P 500 ETF Trust
$311.56

-2.98 (-0.95%)

LRLCY L'Oreal
$0.00

(0.00%)

10/16/19
BREN
10/16/19
INITIATION
BREN
Hold
L'Oreal resumed with a Hold at Berenberg
Berenberg resumed coverage of L'Oreal with a Hold rating and 237 euros price target.
03/05/19
JEFF
03/05/19
NO CHANGE
JEFF
Hold
Revlon sales declines reported to worsen in February, says Jefferies
After reviewing Nielsen data through Feb. 23, Jefferies Stephanie Wissink noted that mass beauty sales decelerated to down 4% in the trailing 4 week period, with all categories stepping lower. By brand, Revlon sales decline of 15% was a deceleration, L'Oreal's (LRCLY) 2% decline was a slight deceleration, e.l.f. Beauty's (ELF) decline of 3% was stable and Coty's (COTY) 4% decline was improved, Wissink tells investors. She keeps Hold rating on all four mass beauty product makers mentioned. In morning trading, shares of Revlon are down $4.95. or 19.4%, to $20.62.
03/14/19
ARGS
03/14/19
INITIATION
Target $64
ARGS
Buy
L'Oreal initiated with a Buy at Argus
Argus analyst John Staszak initiated L'Oreal with a Buy rating and a price target of $64, saying the company offers a "strong brand reputation, premium products, expanding e-commerce business, significant presence in Asia, and a clean balance sheet". The analyst expects L'Oreal to generate strong revenue and earnings growth over the next several years.
09/18/19
MSCO
09/18/19
NO CHANGE
MSCO
EU Household & Personal Care sector downgraded to In-Line at Morgan Stanley
Morgan Stanley analyst Richard Taylor downgraded the European Household & Personal Care, or HPC, sector to In-Line from Attractive to reflect a fading pricing environment in the second half of 2019 and competitive pressures that he sees increasing. Procter & Gamble (PG), after nearly 10 years of losing share to the big players in Europe, is now growing fast and gaining share under new management, Taylor tells investors. His least preferred name in the group is Henkel (HENKY), on which he has an Underweight rating. Other European HPC companies include Unilever (UN, UL), Reckitt Benckiser (RBGLY) and L'Oreal (LRLCY).
MA MasterCard
$286.28

-5.95 (-2.04%)

11/13/19
11/13/19
NO CHANGE

Baird says FTC probe not overly material to Visa, MasterCard
Baird analyst David Koning noted that a Bloomberg report said the FTC will look into Visa (VA) and Mastercard (MA) regarding debit card transaction routing, but the analyst doesn't view this as overly material to the companies, as U.S. PIN debit is "only about 2% of revenue... as these are much lower-priced transactions than average." The analyst estimated that the companies earn "maybe 2c-3c on a PIN debit transaction compared with 7c-8c on a signature debit transaction."
11/04/19
BMOC
11/04/19
NO CHANGE
Target $186
BMOC
Market Perform
Global Payments price target raised to $186 from $162 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Global Payments (GPN) to $186 after its Q3 revenue beat driven by better margin and stronger growth in Europe in spite of the Brexit related concerns. The analyst adds that while the company also provided higher synergy targets, he is keeping his Market Perform rating on the stock with preference toward Visa (V), MasterCard (MA), and PayPal (PYPL) due to more attractive valuations.
10/31/19
BMOC
10/31/19
NO CHANGE
Target $348
BMOC
Outperform
MasterCard price target raised to $348 from $328 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on MasterCard (MA) to $348 and kept his Outperform rating after its "broad-based" Q3 earnings beat. The analyst believes that the company can grow its revenue faster than previously expected given its exposure to fast-growing international markets, B2B payment flows, and cross-border volume, offsetting its indicated higher marketing spend. Fotheringham prefers Visa (V) to MasterCard however due to a relative valuation discount.
10/01/19
ADAM
10/01/19
NO CHANGE
Target $118
ADAM
Buy
PayPal payment processor deal beats card networks to China, says Canaccord
Canaccord analyst Joseph Vafi said Paypal's (PYPL) disclosure of its controlling stake in Chinese payment player GoPay has material strategic implications longer term. The analyst notes the deal allowed PayPal to beat both Visa (V) and Mastercard (MA) into the Chinese market and could be a conduit to drive meaningful cross-border payments volume allowing it to continue to sustain mid 20% payment volume for the next several years. Vafi reiterated his Buy rating and $118 price target on PayPal shares.
IHG InterContinental
$64.20

-0.48 (-0.74%)

10/11/19
DBAB
10/11/19
INITIATION
DBAB
Hold
InterContinental initiated with a Hold rating at Deutsche Bank
Deutsche Bank analyst Andre Juillard started InterContinental Hotels Group with a Hold rating and 49.35 pounds price target. The company's U.S. exposure should affect the performance of the stock, and it does not offer "strong catalysts for the next few months," says the analyst.
08/13/19
BREN
08/13/19
DOWNGRADE
BREN
Hold
InterContinental downgraded to Hold from Buy at Berenberg
Berenberg analyst Stuart Gordon downgraded InterContinental Hotels Group to Hold from Buy with an unchanged price target of 5,300p. The stock is now trading close to fair value with its valuation multiples close to the upper end of the historical range, Gordon tells investors in a research note.
09/12/19
JPMS
09/12/19
DOWNGRADE
JPMS
Neutral
InterContinental downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Borja Olcese downgraded InterContinental Hotels Group to Neutral from Overweight with a price target of 47 pounds, up from 43.50 pounds. The analyst is more cautious on the risk/reward profiles in the European hotel space, saying the companies lack momentum and catalysts amid an uncertain macro environment.
09/17/19
JEFF
09/17/19
INITIATION
JEFF
Buy
InterContinental initiated with a Buy at Jefferies
Jefferies analyst Stefano Bertolini started InterContinental Hotels with a Buy rating and 62 pounds price target. The analyst does not see RevPAR in the European hotel space turning negative despite it being late in the cycle. He also believes InterContinental has the scope for more special dividends.
CRM Salesforce
$160.06

-2.84 (-1.74%)

11/21/19
RBCM
11/21/19
NO CHANGE
Target $200
RBCM
Outperform
Salesforce preliminary FY20-21 guidance likely conservative, says RBC Capital
RBC Capital analyst Alex Zukin keeps his Outperform rating and $200 price target on Salesforce after attending the Dreamforce conference, saying the discussion makes him believe that its preliminary guidance is "conservative with potential to outperform the top and bottom line through FY20 and FY21." The analyst adds that CEO Benioff indicated that the company is entering a "digestion period" after its recent uptick in M&A. Zukin contends that Salesforce can grow its current remaining performance obligation, or cRPO by over 20%, and has many avenues to sustain that growth, even though some deceleration is "inevitable".
11/21/19
BARD
11/21/19
NO CHANGE
Target $185
BARD
Outperform
Salesforce represents best opportunity in large-cap software, says Baird
Baird analyst Rob Oliver believes Salesforce represents the best investment opportunity in the large-cap software space. The analyst attended the annual Dreamforce analyst day where the company stressed gross margin expansion and said they would step back from M&A in the near-term while it works on integrating its recent acquisitions. Oliver reiterated his Outperform rating and $185 price target on Salesforce shares.
11/21/19
COWN
11/21/19
NO CHANGE
Target $195
COWN
Outperform
Salesforce price target raised to $195 from $185 at Cowen
Cowen analyst J. Derrick Wood raised his price target on Salesforce to $195 from $185 following its upbeat Analyst Day and raised 2020 revenue guidance. The analyst said management commentary on the macro-economy was constructive as digital transformation is an imperative for companies globally. Wood reiterated his Outperform rating on Salesforce shares.
12/02/19
RBCM
12/02/19
NO CHANGE
Target $93
RBCM
Outperform
DocuSign price target raised to $93 from $80 at RBC Capital
RBC Capital analyst Alex Zukin raised his price target on DocuSign (DOCU) to $93 and kept his Outperform rating ahead of its Q3 results, saying his conversations with partners and management along with his analysis of financials suggest that the quarter should be "solid". The analyst sees the company benefiting from continued favorable trends seen in Q2, as its SpringCM product is performing ahead of expectations. Zukin adds that DocuSign is expanding relationships with ISV partners such as Salesforce (CRM).
C Citi
$74.64

-0.38 (-0.51%)

10/24/19
10/24/19
NO CHANGE

Citigroup to hold a conference call
Conference call to discuss 3Q19 Fixed Income Investor Review will be held on October 29 at 11 am. Reference Link
09/24/19
MSCO
09/24/19
NO CHANGE
MSCO
Large-cap banks aren't gaining deposit market share, says Morgan Stanley
Morgan Stanley analyst Ken Zerbe said he continues to hear the "false narrative" that large-cap banks must be gaining market share due to their superior technology, but he insists they are not and that small and mid-cap banks have consistently gained deposit market share over the last five years. Individual large-cap banks that have had the biggest deposit share gains include Goldman Sachs (GS), Ally Financial (ALLY) and Synchrony Financial (SYF), while mid-cap banks that have delivered the biggest gains in share of total deposits include First Republic (FRC), KeyCorp (KEY) and Huntington (HBAN), Zerbe tells investors. Large-cap banks that have seen the largest declines in their respective individual shares of total deposits include JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C), while deposit share losers among mid-cap banks include Comerica (CMA), Prosperity Bancshares (PB) and Zions (ZION), said Zerbe.
10/16/19
BMOC
10/16/19
NO CHANGE
Target $57
BMOC
Market Perform
Wells Fargo price target lowered to $57 from $59 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on Wells Fargo (WFC) to $57 and kept his Market Perform rating after its Q3 results. The analyst cites the bank's lower than expected net interest income along with a miss on fees and a higher than anticipated operating costs. Fotheringham contends that before the new Wells Fargo CEO arrives and administers a strategic review, there are better investment opportunities in large cap banks that include Citi (C), Bank of America (BAC), Capital One (COF) and Morgan Stanley (MS).
11/07/19
BOFA
11/07/19
NO CHANGE
Target $85
BOFA
Buy
Citi price target raised to $85 from $78 at BofA/Merrill
BofA/Merrill analyst Erika Najarian raised her price target on Citi to $85 and kept her Buy rating, saying the company's "renewed U.S. consumer strategy" may help in its transition to a "story stock" from a "value stock". The analyst cites Citi's recent progress and forward vision of its new Head of Consumer Banking, Anand Selva, in growing its Branded Cards business, boosting her confidence in her FY20 projections.
AAPL Apple
$264.34

-2.89 (-1.08%)

11/19/19
WEDB
11/19/19
NO CHANGE
Target $325
WEDB
Outperform
China the 'linchpin' of success on Apple iPhone supply chain, says Wedbush
Wedbush analyst Daniel Ives tells investors in a research note that President Trump is expected to visit Apple's tech manufacturing facility in Austin, Texas along with CEO Tim Cook in what he calls a key strategic visit for the company. While Ives says he sees more AI and hardware manufacturing coming out of the U.S., India, and potentially Vietnam down the road, for the foreseeable future China remains the "linchpin" of success on the iPhone supply chain with Cook needing to "play nice in the sandbox" both in the U.S. as well as in China to make sure no new roadblocks appear that could derail this potential "5G super cycle" heading into 2020. He keeps an Outperform rating and $325 price target on Apple shares.
12/02/19
JPMS
12/02/19
NO CHANGE
Target $296
JPMS
Overweight
Apple price target raised to $296 from $290 at JPMorgan
JPMorgan analyst Samik Chatterjee raised his price target for Apple to $296 from $290 and keeps an Overweight rating on the shares. Early visibility into 2020/2021 iPhone product cycles are offering incremental reasons to be positive relative to volume implications, Chatterjee tells investors in a research note. The analyst, who also raised his volume forecasts and earnings estimates, believes Apple's four new 5G iPhones in the second half of 2020 will offer broader optionality to customers. His supply chain checks indicate that Apple is likely to launch four new iPhone models in September 2020, including all four with 5G capabilities, but only two with ToF World-facing 3D Sensing. Further, the checks indicate that starting 2021, Apple will smooth iPhone seasonality by shortening launch intervals and introducing two new iPhones in both the first half of 2021 and the second half.
12/02/19
WEDB
12/02/19
NO CHANGE
Target $325
WEDB
Outperform
Apple could sell 15M+ AirPods units over the next month, says Wedbush
Wedbush analyst Daniel Ives says that based on Apple store checks, inventory levels and/or shortages at a number of retailers, and reduced prices for AirPods 2, he believes Apple could potentially sell 3M+ AirPod units over the Black Friday/Cyber Monday period. The analyst tells investors in a research note that he is seeing a "surge" of consumer demand for the new AirPods Pro with potential shortages a lingering worry heading into Christmas timeframe. Ives estimates that Apple is on pace to sell over 65M AirPods units in 2019 and is now on a trajectory to potentially reach 85M-90M units in 2020, and thinks Apple will sell roughly 15M+ AirPods globally during the course of the next month. He keeps an Outperform rating and $325 price target on the shares.
11/19/19
FBCO
11/19/19
NO CHANGE
Target $221
FBCO
Neutral
Apple's iPhone unit trends remain 'solid,' says Credit Suisse
Credit Suisse analyst Matthew Cabral tells investors in a research note that nearly two months into the iPhone 11 cycle, data points continue to suggest a meaningful improvement in units y/y. Government data suggests iPhone units are up 6% y/y in China over September and October combined, with Cabal adding that his firm's tracking data suggesting the iPhone has yet to hit full supply/demand balance eight weeks post-launch. While Cabral says he is "on board" with the idea that the shift toward Services deserves a higher multiple over time, he "struggles" with continued P/E expansion seemingly led by firming iPhone data points rather than Services-driven upside. The analyst keeps a Neutral rating and $221 price target on Apple shares.
DIS Disney
$150.05

-1.73 (-1.14%)

12/02/19
PIPR
12/02/19
NO CHANGE
Target $103
PIPR
Overweight
Akamai remains a top pick heading into 2020 at Piper Jaffray
Piper Jaffray analyst James Fish keeps an Overweight rating on Akamai Technologies (AKAM) with a $103 price target following a deep dive around the primary questions surrounding the company. New over-the-top services create a $480M total addressable market by 2024, with Disney+ (DIS) representing $140M and Akamai likely getting 30% share, Fish tells investors in a research note. Second, there is $1B in cross-sell available within the Security installed base and a $5B total addressable market of the entire content delivery networks installed base, and Akamai has only 20% total penetration, adds the analyst. In addition, he believes that while management is likely to point to "high-teens" 2020 cloud security growth, it is likely conservative as it implies a significant decline in new business growth. Akamai remains one of the analyst's top picks heading into 2020.
11/27/19
LOOP
11/27/19
NO CHANGE
Target $170
LOOP
Buy
Disney price target raised to $170 from $165 at Loop Capital
Loop Capital analyst Alan Gould raised his price target on Disney to $170 and kept his Buy rating after its 10-K disclosure that Hulu generated $2.9B in revenue during the second half of the year while domestic cable subscribers declined at an accelerated rate. The analyst is also modeling a higher forecast of Disney+ subscribers in the first year at 26M, including 6M internationally, after 10M signups were registered on the first day of the service. Gould believes that Disney can generate over $1B in Disney+ revenue in its first year and over $10B in revenue by 2025.
11/26/19
11/26/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Disney (DIS) initiated with an Overweight at Consumer Edge. 2. McDonald's (MCD) initiated with a Hold at Deutsche Bank. 3. IMV Inc. (IMV) initiated with an Outperform at Oppenheimer. 4. Fortress Transportation (FTAI) initiated with a Buy at B. Riley FBR. 5. Marathon Oil (MRO) 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.
11/25/19
CEDG
11/25/19
INITIATION
Target $175
CEDG
Overweight
Disney initiated with an Overweight at Consumer Edge
Consumer Edge Research initiated coverage of Disney with an Overweight rating and $175 price target.
MSFT Microsoft
$149.44

-1.98 (-1.31%)

11/20/19
WBLR
11/20/19
NO CHANGE
WBLR
Outperform
Slack selloff on Microsoft growth an overreaction, says William Blair
Microsoft (MSFT) announced in a blog post yesterday that Teams, the company's competitive offering to Slack (WORK), had accumulated over 20M daily active users, up about 50% from its previously reported count of 13M in July 2019, William Blair analyst Bhavan Suri tells investors in a research note. This compares to 12M daily active users last reported by Slack in September, which was an increase of about 37% year-over-year for the company, the analyst adds. Slack closed down about 8% yesterday on the news as investor sentiment continues to be driven by the Microsoft threat, says Suri. However, he believes the selloff is a "bit of an overreaction for a couple of reasons." For one, the market is very large and it is far too early to declare a winner at this point, says Suri. In addition, the analyst says this is not a winner-take-all situation. Further, he expects the competitive concerns causing an overhang on Slack shares to dissipate over time as investors become more familiar with company. Slack's ability to continue winning Office 365 customers and its progress in expanding to more legacy companies will be of particular interest to investors, according to Suri, who keeps an Outperform rating on the shares.
11/19/19
JEFF
11/19/19
NO CHANGE
Target $250
JEFF
Buy
Nvidia platform and ecosystem create 'huge moat,' says Jefferies
Jefferies analyst Mark Lipacis said that at Supercompute SC19, which he identifies as "the biggest annual supercomputing conference," Nvidia (NVDA) announced availability of its GPU-based Supercomputer instance on Microsoft's (MSFT) Azure, extended CUDA X libraries and development tools on ARM CPUs, and announced the launch of its Magnum IO software suite. The analyst, who thinks Nvidia has "created a huge moat with its platform and ecosystem," expects the company to be the "dominant beneficiary" from the proliferation of artificial intelligence. Lipacis keeps a Buy rating and $250 price target on Nvidia shares.
11/20/19
DADA
11/20/19
NO CHANGE
Target $21
DADA
Neutral
Microsoft threat to Slack 'overblown', says DA Davidson
DA Davidson analyst Rishi Jaluria keeps his Neutral rating and $21 price target on Slack (WORK), stating that while the stock price fell about 10% yesterday on the release of Microsoft (MSFT) Teams daily-active-user data, he sees that threat as "overblown". The analyst contends that Slack's platform and Shared Channels solutions are "meaningfully differentiated", while his due diligence on Teams suggests that it is not "good enough". Jaluria adds that Teams is being forced onto Microsoft customers with an auto-install through "any update" of Office 365, making Microsoft's claim of "active user" base debatable. The analyst further notes that while Slack discloses the 90-minute average per work day use of its platform, Microsoft has not provided a comparable metric.
11/18/19
DADA
11/18/19
INITIATION
Target $55
DADA
Buy
Zscaler initiated with a Buy at DA Davidson
DA Davidson analyst Andrew Nowinski initiated coverage of Zscaler (ZS) with a Buy rating and $55 price target. The analyst notes that the company is faced with near-term concerns related to the global macro backdrop and the potential disruption from the recent transition of head of sales change, but he sees its move to the cloud, tailwinds from the Microsoft (MSFT) partnership, SD-WAN adoption, and the growing opportunity in the Public Sector vertical offsetting these issues.
GOOG Alphabet
$1,284.92

-20.05 (-1.54%)

11/19/19
BTIG
11/19/19
NO CHANGE
BTIG
Neutral
GrubHub needs to get more efficient with marketing costs, says BTIG
BTIG analyst Peter Saleh keeps his Neutral rating on GrubHub (GRUB), noting that while the healthy consumer demand for quick delivery service in fast-casual and casual dining categories should survive, providers will need to be "more efficient" with their advertising budgets. The analyst adds that the expected migration toward delivery aggregators such as FoodBoss or Google (GOOG) will be positive for GrubHub's value offering, but he remains on the sidelines until he sees a reversal in the company's diner acquisition costs, increase in customer frequency, or a stronger financial outlook.
11/27/19
DBAB
11/27/19
NO CHANGE
DBAB
Hold
Second Fitbit suitor should limit downside if deal breaks, says Deutsche Bank
Deutsche Bank analyst Jeffrey Rand continues to believe that the acquisition of Fitbit (FIT) by Google (GOOG, GOOGL) will close. However, the fact that there was another party willing to make a bid close to the acquisition price should ease some concern about the potential impact on Fitbit's stock price if the Google deal falls through due to regulatory issues, Rand tells investors in a research note after the company released its preliminary proxy statement. According to CNBC, the "Party A" revealed in the proxy that was also interested in Fitbit is Facebook (FB). Rand believes Fitbit shares should inch up closer to its potential acquisition price, saying it now appears the company would have potential suitors even if the current deal falls through. He keeps a Hold rating on Fitbit shares.
11/14/19
RHCO
11/14/19
NO CHANGE
Target $43
RHCO
Buy
TripAdvisor price target lowered to $43 from $60 at SunTrust
SunTrust analyst Naved Khan lowered his price target on TripAdvisor (TRIP) to $43 after its Q3 earnings miss reported last week. The analyst says he was mistaken in expecting stabilization in the company's Hotels, Media & Platform segment and also underestimated the SEO risk from Google (GOOGL). Khan is keeping his Buy rating on TripAdvisor stock however, stating that its Experiences/Dining business accounts for the "bulk" of its intrinsic value and represents the primary reason to hold the shares.
11/11/19
UBSW
11/11/19
NO CHANGE
Target $240
UBSW
Buy
Nvidia price target raised to $240 ahead of earnings, DC product launch at UBS
UBS analyst Timothy Arcuri raised his price target on Nvidia shares to $240 from $195 ahead of the company's October quarter earnings report. He models quarterly revenue and EPS of $2.91B and $1.61, respectively, which he notes is "more or less" in-line with consensus, but he still sees a path higher for the stock despite the fact that it has outperformed both the S&P 500 and S&P 500 Semis by a "wide margin" over the last three months. Data is starting to play out to prove strength in gaming as ray tracing becomes standard and in the data center as the new 7nm product should be announced next week, said Arcuri. He thinks "performance-focused" customers like Google (GOOGL) are waiting for this new 7nm product and that others are building it into their 2020 roadmaps, the analyst added.
GOOGL Alphabet Class A
$1,282.79

-21.11 (-1.62%)

11/11/19
LOOP
11/11/19
NO CHANGE
Target $1450
LOOP
Hold
Alphabet price target raised to $1,450 from $1,350 at Loop Capital
Loop Capital analyst Alan Gould raised his price target on Alphabet to $1,450, rolling forward his valuation model to 2021 and noting that the company's fundamentals remains strong while its growth in advertising revenue continues at unprecedented scale. The analyst is keeping his Hold rating on Alphabet however, stating that the current regulatory environment poses a growing challenge with no expected improvement over the next 12 months.

TODAY'S FREE FLY STORIES

FITB

Fifth Third

$30.24

0.365 (1.22%)

, CSCO

Cisco

$43.83

0.29 (0.67%)

18:37
12/06/19
12/06
18:37
12/06/19
18:37
Hot Stocks
Fifth Third issues statement on temporary network outage »

Fifth Third Bank (FITB)…

FITB

Fifth Third

$30.24

0.365 (1.22%)

CSCO

Cisco

$43.83

0.29 (0.67%)

03/08/13
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  • 09

    Dec

  • 10

    Dec

  • 12

    Dec

  • 08

    Jan

  • 12

    Feb

STML

Stemline

$10.33

0.5 (5.09%)

, PFE

Pfizer

$38.29

0.26 (0.68%)

18:33
12/06/19
12/06
18:33
12/06/19
18:33
Hot Stocks
Stemline names Robert Francomano as Chief Commercial Officer »

Most recently, Francomano…

STML

Stemline

$10.33

0.5 (5.09%)

PFE

Pfizer

$38.29

0.26 (0.68%)

GSK

GlaxoSmithKline

$45.51

0.29 (0.64%)

03/08/13
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  • 07

    Dec

  • 09

    Dec

  • 11

    Dec

GOL

Gol Linhas

$17.39

1.07 (6.56%)

18:31
12/06/19
12/06
18:31
12/06/19
18:31
Hot Stocks
Gol Linhas announces preliminary traffic figures for November »

GOL's domestic…

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NAVB

Navidea

$0.97

0.07 (7.78%)

18:25
12/06/19
12/06
18:25
12/06/19
18:25
Syndicate
Navidea announces $1.9M private placement »

Navidea announced that…

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EFC

Ellington Financial

$18.22

0.09 (0.50%)

18:23
12/06/19
12/06
18:23
12/06/19
18:23
Hot Stocks
Ellington Financial reports estimated book value per share $18.51 on November 30 »

This estimate includes…

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BOOT

Boot Barn

$41.93

0.81 (1.97%)

18:22
12/06/19
12/06
18:22
12/06/19
18:22
Hot Stocks
Boot Barn CEO: More than 80% of our business is in the store »

In an interview on…

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ERIC

Ericsson

$9.24

0.1 (1.09%)

18:18
12/06/19
12/06
18:18
12/06/19
18:18
Hot Stocks
Ericsson to pay over $1B to settle FCPA case »

Ericsson has agreed to…

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  • 09

    Dec

GLD

SPDR Gold Shares

$137.59

-1.42 (-1.02%)

17:55
12/06/19
12/06
17:55
12/06/19
17:55
Hot Stocks
SPDR Gold Shares holdings fall to 886.23MT from 888.57MT »

This is the lowest level…

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PICO

PICO Holdings

$10.81

0.31 (2.95%)

17:45
12/06/19
12/06
17:45
12/06/19
17:45
Hot Stocks
PICO Holdings sells long-term storage credits for $8.7M in Arizona »

PICO Holdings announced…

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QHC

Quorum Health

$0.95

0.0522 (5.81%)

17:31
12/06/19
12/06
17:31
12/06/19
17:31
Hot Stocks
Quorum Health receives NYSE continued listing standard notice »

Quorum Health Corporation…

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SPRT

Support.com

$1.94

0.01 (0.52%)

17:30
12/06/19
12/06
17:30
12/06/19
17:30
Hot Stocks
Breaking Hot Stocks news story on Support.com »

Support.com trading…

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BXRX

Baudax Bio

$6.69

0.34 (5.35%)

17:29
12/06/19
12/06
17:29
12/06/19
17:29
Syndicate
Breaking Syndicate news story on Baudax Bio »

Baudax Bio files $125M…

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  • 16

    Dec

LMT

Lockheed Martin

$387.10

1.175 (0.30%)

17:25
12/06/19
12/06
17:25
12/06/19
17:25
Hot Stocks
Lockheed Martin awarded $153.39M Navy contract modification »

Lockheed Martin was…

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ENV

Envestnet

$71.72

1.27 (1.80%)

17:23
12/06/19
12/06
17:23
12/06/19
17:23
Syndicate
Breaking Syndicate news story on Envestnet »

Envestnet files to sell…

03/08/13
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NOC

Northrop Grumman

$344.79

0.4 (0.12%)

17:20
12/06/19
12/06
17:20
12/06/19
17:20
Hot Stocks
Northrop Grumman awarded $189M Navy contract modification »

Northrop Grumman was…

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SPRT

Support.com

$1.94

0.01 (0.52%)

17:03
12/06/19
12/06
17:03
12/06/19
17:03
Hot Stocks
Support.com announces special distribution of $1.00 per share »

The record date for the…

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SPRT

Support.com

$1.94

0.01 (0.52%)

17:01
12/06/19
12/06
17:01
12/06/19
17:01
Hot Stocks
Breaking Hot Stocks news story on Support.com »

Support.com trading…

03/08/13
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RZLT

Rezolute

$0.00

(0.00%)

17:00
12/06/19
12/06
17:00
12/06/19
17:00
Syndicate
Breaking Syndicate news story on Rezolute »

Rezolute files to sell…

03/08/13
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AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

16:58
12/06/19
12/06
16:58
12/06/19
16:58
Periodicals
U.S. mulls putting Amazon foreign sites on 'Notorious Markets' list, WSJ says »

The Trump administration…

03/08/13
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MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

16:55
12/06/19
12/06
16:55
12/06/19
16:55
Conference/Events
Magenta Therapeutics to hold an investor and analyst event »

Investor and Analyst…

03/08/13
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  • 07

    Dec

  • 07

    Dec

IMH

IMPAC Mortgage

$5.63

-0.01 (-0.18%)

16:54
12/06/19
12/06
16:54
12/06/19
16:54
Syndicate
Breaking Syndicate news story on IMPAC Mortgage »

IMPAC Mortgage files…

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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ALEC

Alector

$19.74

0.33 (1.70%)

16:32
12/06/19
12/06
16:32
12/06/19
16:32
Hot Stocks
Alector reports Phase 1 safety, biomaker data on AL002 »

Alector reported safety…

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ATAX

America First Multifamily Investors

$7.58

0.125 (1.68%)

16:31
12/06/19
12/06
16:31
12/06/19
16:31
Hot Stocks
America First Multifamily Investors CFO Craig Allen to retire »

On December 2,Craig Allen…

03/08/13
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16:30
12/06/19
12/06
16:30
12/06/19
16:30
Options
Preliminary option volume of 20.4M today »

Preliminary option volume…

PNM

PNM Resources

$48.77

-0.06 (-0.12%)

16:29
12/06/19
12/06
16:29
12/06/19
16:29
Hot Stocks
PNM Resources raises quarterly dividend 6% to 30.75c per share »

The Board of Directors of…

03/08/13
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