Breaking News Instant updates and real-time market news.

GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

13:55
12/02/19
12/02
13:55
12/02/19
13:55

Square and Twitter CEO Jack Dorsey plans to spend up to six months in Africa

The CEO of Square (SQ) and Twitter (TWTR) Jack Dorsey'said in a tweet this past week that he plans to move to Africa for up to six month. "Sad to be leaving the continent...for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I'll be living here for 3-6 months mid 2020. Grateful I was able to experience a small part, said Dorsey in a tweet" Reference Link

GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

TWTR

Twitter

$30.43

-0.49 (-1.58%)

SQ

Square

$67.09

-2.0602 (-2.98%)

  • 02

    Dec

  • 10

    Dec

  • 06

    Feb

  • 26

    Feb

GBTC Bitcoin Investment Trust
$0.00

(0.00%)

BITCOIN Bitcoin
$0.00

(0.00%)

01/17/19
MSCO
01/17/19
NO CHANGE
Target $99
MSCO
Overweight
PayPal merchant acceptance lead widened in Q4, says Morgan Stanley
Morgan Stanley analyst James Faucette said that PayPal (PYPL) widened its merchant acceptance lead in Q4 as it added a net of 8 of the U.S.'s top 500 internet retailers while the next largest accepted digital wallet, Amazon Pay (AMZN), lost 4 net merchants this quarter. PayPal now has acceptance at 82% of the top 500 U.S. Internet retailers, up from 81% last quarter, while Amazon's acceptance rate slipped to 12% from 13%. MasterCard's (MA) MasterPass gained 1 net new merchant, Visa Checkout (V) gained no net new merchants and Bitcoin acceptance remained unchanged at 4 of the top 500, Faucette added. The analyst, who think PayPal's acceptance lead and consumers' shift toward online purchases should support total payments volume growth at or above the rate of e-commerce, keeps an Overweight rating on PayPal shares and raised his price target to $99 from $97.
TWTR Twitter
$30.43

-0.49 (-1.58%)

11/07/19
11/07/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Twitter (TWTR) downgraded to Underperform from In Line at Evercore ISI with analyst Kevin Rippey citing his view that 2018 represented a period of "unsustainably high" margins as Twitter reaped the benefits of a period of sustained underinvestment. 2. Mylan (MYL) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Risinger sayinge has become more conservative in his estimates after competing U.S. generic businesses missed estimates in the past two days, which he thinks may be indicative of ongoing industry pressures. 3. Expedia (EXPE) downgraded to Neutral from Overweight at Piper Jaffray and to Neutral from Buy at DA Davidson and BofA/Merrill. 4. Bloomin' Brands (BLMN) downgraded to Neutral from Overweight at JPMorgan with analyst John Ivankoe citing valuation. 5. Papa John's (PZZA) downgraded to Neutral from Buy at MKM Partners with analyst Brett Levy saying the company has generated its first positive domestic comps in two years while laying the foundation for a "potential turnaround," but after a 43% run-up in the stock price since August 23, he believes the valuation warrants a neutral stance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/11/19
LOOP
11/11/19
NO CHANGE
Target $42
LOOP
Buy
Twitter price target lowered to $42 from $55 at Loop Capital
Loop Capital analyst Alan Gould lowered his price target on Twitter to $42 to reflect its "disappointing setback in monetization", saying the company's software issues in Q3 contributed to a "rather large" revenue shortfall. The analyst warns that these issues are also expected to linger into Q4 but ultimately expects them to be "transitory", keeping his Buy rating on Twitter while citing its accelerating user growth and a "rich slate of events" in 2020.
11/15/19
JPMS
11/15/19
NO CHANGE
JPMS
Overweight
JPMorgan adds Lyft to list of top Internet picks
Earlier, JPMorgan analyst Doug Anmuth added Lyft (LYFT) to his list of top picks in the internet sector following third quarter earnings, saying the ride-hailing giant reported "significantly" better than expected revenue and EBITDA as it continues to take share of an increasingly rational U.S. rideshare market, thereby accelerating its path to profitability. Anmuth said that Lyft, which joins Facebook (FB), Amazon (AMZN), and Netflix (NFLX) in his top picks in the sector, also reiterated its expectation for consolidated EBITDA profit by the fourth quarter of 2021, though he continues to believe core rideshare can be profitable "well before that," likely sometime in 2020. The analyst, who has an Overweight rating on Lyft, noted that he removed Twitter (TWTR) and IAC/InterActive (IAC) from his top picks.
11/18/19
BMOC
11/18/19
NO CHANGE
Target $33
BMOC
Market Perform
Twitter price target lowered to $33 from $45 at BMO Capital
BMO Capital analyst Daniel Salmon lowered his price target on Twitter to $33 to reflect his model changes following the disappointing Q3 earnings that were driven by "weaker seasonal results and bugs in the ad platform". The analyst notes that the latter issues proved to be even more material than he had previewed and maintains his Market Perform rating to reflect Twitter's low near-term visibility. Salmon still believes that the stock remains "intriguing" longer term as its mDAU growth continues to accelerate into 2020.
SQ Square
$67.09

-2.0602 (-2.98%)

11/07/19
DBAB
11/07/19
NO CHANGE
DBAB
Buy
Deutsche Bank a buyer of Square shares after 'solid' Q3
Deutsche Bank analyst Bryan Keane says he's a buyer of Square shares following the company's "solid" Q3 results. Following the margin and revenue "reset," the analyst believes the company's 30%-plus seller ecosystem gross margins and the stabilization of the volumes at 25% "proves the scalability of the model with investing for additional growth a prudent strategy." He keeps a Buy rating on Square shares.
11/07/19
NEED
11/07/19
NO CHANGE
Target $80
NEED
Buy
Square price target lowered to $80 from $90 at Needham
Needham analyst Mayank Tandon lowered his price target on Square to $80 but kept his Buy rating after its Q3 results. The analyst notes that the quarter saw continued strength within its Cash App business where revenue grew 115%, while the management forecast continued robust revenue growth given strength in both the seller and Cash App ecosystems. However, Tandon adds that expectations of continued investments for long term growth led to flat EBTIDA margins. The analyst continues to recommend the stock to investors in search of exposure to both consumer and business payments.
11/08/19
BMOC
11/08/19
NO CHANGE
Target $78
BMOC
Market Perform
Square price target lowered to $78 from $92 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on Square (SQ) to $78 and kept his Market Perform rating. The analyst notes that while the company re-accelerated its gross payment volume and transaction growth in Q3 while posting a "broad-based beat", he is concerned that the management's decision to back away from the Eventbrite (EB) deal may weigh on its ability to move upmarket.
11/26/19
MACQ
11/26/19
INITIATION
Target $105
MACQ
Outperform
Square initiated with an Outperform at Macquarie
Macquarie analyst Dan Dolev initiated coverage of Square (SQ) with an Outperform rating and $105 price target, telling investors he sees 5%-7% potential upside to preliminary 2020 guidance given improving Seller performance, rising sales and marketing efficiency, and increasing mind share for the Square's Cash App in key states for PayPal's (PYPL) Venmo.

TODAY'S FREE FLY STORIES

PLPRF

Plus Products

$0.00

(0.00%)

09:28
12/11/19
12/11
09:28
12/11/19
09:28
Hot Stocks
Plus Products transitions to HERBL as primary California distribution partner »

Plus Products announced…

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

See Street Research during your Free Trial

DIS

Disney

$146.12

-0.07 (-0.05%)

09:28
12/11/19
12/11
09:28
12/11/19
09:28
Periodicals
Disney+ eclipses 22M mobile downloads, CNBC reports »

Disney+ has been…

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

See Street Research during your Free Trial

PNTG

The Pennant Group

$27.98

1.49 (5.62%)

09:28
12/11/19
12/11
09:28
12/11/19
09:28
Conference/Events
The Pennant Group management to meet with RBC Capital »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 12

    Dec

HD

Home Depot

$215.84

-0.75 (-0.35%)

09:26
12/11/19
12/11
09:26
12/11/19
09:26
Recommendations
Home Depot analyst commentary  »

Home Depot price target…

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

See Street Research during your Free Trial

  • 11

    Dec

  • 25

    Feb

BIIB

Biogen

$297.05

1.58 (0.53%)

09:26
12/11/19
12/11
09:26
12/11/19
09:26
Conference/Events
SVB Leerink biotech analyst to hold analyst/industry conference call »

Biotech Analysts, along…

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

See Street Research during your Free Trial

PJT

PJT Partners

$42.80

0.2 (0.47%)

09:25
12/11/19
12/11
09:25
12/11/19
09:25
Conference/Events
PJT Partners management to meet with JMP Securities »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 12

    Dec

  • 26

    Feb

MRMD

Marimed

$0.00

(0.00%)

09:25
12/11/19
12/11
09:25
12/11/19
09:25
Hot Stocks
Marimed to open dispensary in Middleborough, Massachusetts »

MariMed received final…

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

See Street Research during your Free Trial

09:25
12/11/19
12/11
09:25
12/11/19
09:25
General news
FOMC resumed its 2-day meeting »

FOMC resumed its 2-day…

09:25
12/11/19
12/11
09:25
12/11/19
09:25
Conference/Events
JPMorgan life science tools analyst to hold an analyst/industry conference call »

Life Science Tools &…

TREE

LendingTree

$324.87

-12.55 (-3.72%)

09:25
12/11/19
12/11
09:25
12/11/19
09:25
Conference/Events
LendingTree to host analyst & investor day »

Analyst & Investor…

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

See Street Research during your Free Trial

  • 11

    Dec

PFG

Principal Financial

$53.26

(0.00%)

09:25
12/11/19
12/11
09:25
12/11/19
09:25
Conference/Events
Principal Financial to hold a conference call »

Conference call to…

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

See Street Research during your Free Trial

  • 11

    Dec

FCEL

FuelCell

$0.53

0.014 (2.73%)

09:24
12/11/19
12/11
09:24
12/11/19
09:24
Initiation
FuelCell initiated  »

FuelCell reinstated with…

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

See Street Research during your Free Trial

  • 13

    Dec

  • 14

    Jan

PCTY

Paylocity

$120.35

-0.86 (-0.71%)

09:23
12/11/19
12/11
09:23
12/11/19
09:23
Conference/Events
Paylocity management to meet with JMP Securities »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 12

    Dec

  • 13

    Dec

TYHT

Shineco

$1.00

0.0099 (1.00%)

09:21
12/11/19
12/11
09:21
12/11/19
09:21
Hot Stocks
Shineco signs $10M industry hemp fiber preliminary processing sales contract »

Shineco announced that it…

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

See Street Research during your Free Trial

LLNW

Limelight Networks

$4.03

-0.245 (-5.73%)

09:21
12/11/19
12/11
09:21
12/11/19
09:21
Recommendations
Limelight Networks analyst commentary  »

Limelight Networks price…

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

See Street Research during your Free Trial

MTBC

MTBC

$4.26

-0.04 (-0.93%)

09:19
12/11/19
12/11
09:19
12/11/19
09:19
Hot Stocks
MTBC announces release of telemedicine solution »

MTBC announced the…

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

See Street Research during your Free Trial

  • 11

    Dec

CONN

Conn's

$13.60

-6.91 (-33.69%)

09:18
12/11/19
12/11
09:18
12/11/19
09:18
Recommendations
Conn's analyst commentary  »

Conn's price target…

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

See Street Research during your Free Trial

  • 11

    Dec

09:18
12/11/19
12/11
09:18
12/11/19
09:18
Conference/Events
Federal Reserve Chairman to hold a press briefing »

Federal Reserve Chairman…

NWSA

News Corp.

$13.21

-0.01 (-0.08%)

09:18
12/11/19
12/11
09:18
12/11/19
09:18
Conference/Events
News Corp. management to meet with Loop Capital »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 12

    Dec

  • 13

    Dec

APDN

Applied DNA Sciences

$4.09

0.09 (2.25%)

09:18
12/11/19
12/11
09:18
12/11/19
09:18
Hot Stocks
Applied DNA Sciences, Old Port Oil to conduct first pilot to tag CBD oil »

Applied DNA Sciences…

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

See Street Research during your Free Trial

  • 12

    Dec

SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
12/11/19
12/11
09:18
12/11/19
09:18
Options
Overnight activity included 482 trades in SPX and 8 trades in VIX »

482 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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

See Street Research during your Free Trial

FOCS

Focus Financial Partners

$27.49

0.65 (2.42%)

09:16
12/11/19
12/11
09:16
12/11/19
09:16
Hot Stocks
Focus Financial says Nexus Investment Management to join as partner firm »

Focus Financial Partners…

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

See Street Research during your Free Trial

NVEE

NV5 Global

$44.99

-1.5 (-3.23%)

09:16
12/11/19
12/11
09:16
12/11/19
09:16
Conference/Events
NV5 Global management to meet with Maxim »

Meeting to be held in New…

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

See Street Research during your Free Trial

  • 12

    Dec

09:16
12/11/19
12/11
09:16
12/11/19
09:16
Conference/Events
The Commodity Futures Trading Commission to hold a committee meeting »

The Market Risk Advisory…

GMRE

Global Medical REIT

$14.08

-0.08 (-0.56%)

09:15
12/11/19
12/11
09:15
12/11/19
09:15
Syndicate
Global Medical REIT 6M share Spot Secondary priced at $13.00 »

The deal size was raised…

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

See Street Research during your Free Trial

  • 11

    Dec

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.