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GOOG

Alphabet

$1,432.08

13.125 (0.92%)

, GOOGL

Alphabet Class A

$1,432.00

13.25 (0.93%)

11:05
01/10/20
01/10
11:05
01/10/20
11:05

Wayfair selects Google Cloud for hybrid cloud strategy

Google Cloud (GOOG, GOOGL) announced that Wayfair (W) is using Google Cloud as the foundation for its new hybrid cloud strategy. Wayfair debuted its hybrid cloud strategy earlier this year, partnering with Google Cloud to handle the burst capacity needed to run Way Day. Wayfair now uses several different Google Cloud solutions, including compute, storage, and networking, data and analytics, and G Suite productivity tools.

GOOG

Alphabet

$1,432.08

13.125 (0.92%)

GOOGL

Alphabet Class A

$1,432.00

13.25 (0.93%)

W

Wayfair

$96.28

-0.49 (-0.51%)

  • 10

    Jan

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    Jan

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    Feb

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    Feb

  • 10

    Feb

GOOG Alphabet
$1,432.08

13.125 (0.92%)

01/09/20
KEYB
01/09/20
NO CHANGE
KEYB
Facebook, Alphabet remain key ideas at KeyBanc
KeyBanc analyst Andy Hargreaves says the overall backdrop for Internet names remains solid, but risks related to regulation, trade, and a slowdown in consumer spending remain high. The analyst is likely to favor companies with scale, company specific factors that can operate somewhat independent of the macro environment, and control over expenses. His key ideas remain Facebook (FB) and Alphabet (GOOGL). Hargreaves has Overweight ratings on both stocks.
01/09/20
BERN
01/09/20
INITIATION
Target $1600
BERN
Outperform
Alphabet initiated with an Outperform at Bernstein
Bernstein initiated coverage of Alphabet Class A with an Outperform rating and $1,600 price target.
01/10/20
BERN
01/10/20
INITIATION
Target $1600
BERN
Outperform
Alphabet initiated with an Outperform at Bernstein
Bernstein analyst Mark Shmulik initiated coverage of Alphabet with an Outperform rating and $1,600 price target as part of a broader initiation of the U.S. Internet sector with a generally positive outlook. Shmulik tells investors that he believes YouTube has the most revenue acceleration in the near-team accounting for ~25% of net new revenues in the next two years, while Maps and Images have greater ad monetization headroom than the market accounts for, and positions Alphabet well to capitalize on the hyper-growth of specialized, functional searches in the mid-to-long term. The analyst says his revenue forecast is 2%-6% above consensus over the next 3 years, primarily driven by continued growth in the ad business, even as he remains on the sidelines regarding Alphabet's ability to grow non-ad businesses given recent leadership changes.
01/10/20
01/10/20
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Facebook (FB), Snap (SNAP), and Alphabet (GOOG, GOOGL) initiated with an Outperform at Bernstein, Amazon.com (AMZN) and Pinterest (PINS) initiated with a Market Perform at Bernstein, while Twitter (TWTR) was initiated with an Underperform at Bernstein. 2. iRhythm (IRTC) initiated with an Outperform at William Blair. 3. ResMed (RMD) initiated with a Perform at Oppenheimer. 4. AGNC Investment (AGNC) initiated with a Neutral at Wedbush. 5. McCormick (MKC) reinstated with a Neutral at BofA. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
GOOGL Alphabet Class A
$1,432.00

13.25 (0.93%)

W Wayfair
$96.28

-0.49 (-0.51%)

12/12/19
STFL
12/12/19
NO CHANGE
STFL
Stifel lays out 'path to profits' for Peloton, Lyft, Uber, RealReal and Wayfair
Stifel analyst Scott Devitt said that "in the heat of the recent IPO cycle" investors had been focused on growth at all costs, but now the market pendulum has swung to "demand a clear path to profits for consumer internet companies." In his note to investors, Devitt laid out the "path to profits" he sees for the five recent IPOs that are caught in the "current storm" that he currently recommends with Buy ratings: Peloton (PTON), Lyft (LYFT), Uber (UBER), The RealReal (REAL), and Wayfair (W). On Peloton, he said he is bullish on the margin upside opportunity and the company's ability to achieve its FY24 EBITDA margin target due to underlying core profitability in U.S. Bikes, its rapid subscriber growth, and the company's "healthy" subscription unit economics. On Lyft, Devitt cited rapidly improving fundamentals and a more disciplined environment as reasons he is comfortable with the margin opportunity and the company's ability to achieve its 4Q:21 adjusted EBITDA profitability target. On Uber, he sees the path to profitability supported by modest expansion of Rides margin from the current 5% level along with some take rate improvement and efficiencies in sales and marketing. For RealReal, Devitt expects the company to modestly reduce inbound process costs through technology innovation and believes a long-term mid-20% adjusted EBITDA margin target "is attainable." On Wayfair, Devitt is comfortable with the company's 8%-10% adjusted EBITDA margin long-term target, but he is taking a more conservative approach to his margin trajectory and reduced his price target to $110 from $120. The analyst now expects breakeven for Wayfair in 2023.
12/13/19
RHCO
12/13/19
INITIATION
Target $95
RHCO
Hold
Wayfair initiated with a Hold at SunTrust
SunTrust analyst Naved Khan initiated coverage of Wayfair with a Hold rating and $95 price target.
12/13/19
RHCO
12/13/19
INITIATION
Target $95
RHCO
Hold
Wayfair initiated with a Hold at SunTrust
SunTrust analyst Naved Khan initiated coverage of Wayfair with a Hold rating and $95 price target. The analyst notes that the company has emerged as a leading player in home furnishings with its large selection of products on its marketplaces and its "aggressive investment" in developing its logistics network, supporting its "competitive moat" relative to other players. Khan adds however that while Wayfair's "sizeable" $600B total addressable market amid the ongoing "secular shift" to online shopping offers a positive backdrop, the near-term risk of its exposure to China tariffs keeps him on the sidelines.
01/09/20
PIPR
01/09/20
NO CHANGE
Target $130
PIPR
Overweight
Wayfair risk/reward 'heavily skewed to the upside,' says Piper Sandler
Wayfair's 2020 appears to be setting up much like 2017 in which the company will move to "digestion mode" and should see margin improvement across the income statement, Piper Sandler analyst Peter Keith tells investors in a research note. The analyst notes the shares were up over 100% in 2017. With capital expenditures in 2020 poised to come down sequentially from 2019, a capital raise in 2020 now seems "highly unlikely," adds the analyst. As a result, Keith thinks Wayfair's risk/reward going into 2020 "looks heavily skewed to the upside." He keeps an Overweight rating on the shares with a $130 price target.

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CCC

Clarivate Analytics

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1.24 (7.02%)

21:43
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CCC

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BA

Boeing

$324.11

-7.89 (-2.38%)

20:05
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AVASF

Avast

$0.00

(0.00%)

20:01
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NFLX

Netflix

$339.56

0.89 (0.26%)

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Comcast

$0.00

(0.00%)

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0.62 (1.32%)

TSLA

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$510.34

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BA

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$324.11

-7.89 (-2.38%)

GOOG

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28.34 (1.95%)

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Alphabet Class A

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29.29 (2.02%)

SNE

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KKR

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0.7 (2.30%)

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-0.18 (-0.31%)

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HD

Home Depot

$231.90

3.07 (1.34%)

18:06
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18:06
Periodicals
Mexican trade union suspends strike threat against Home Depot, Reuters says »

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UCFC

United Community Financial

$11.56

-0.02 (-0.17%)

, FDEF

First Defiance Financial

$31.12

-0.1 (-0.32%)

18:00
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18:00
Hot Stocks
First Defiance Financial receives approval for United Community Financial merger »

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UCFC

United Community Financial

$11.56

-0.02 (-0.17%)

FDEF

First Defiance Financial

$31.12

-0.1 (-0.32%)

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FDEF

First Defiance Financial

$31.12

-0.1 (-0.32%)

17:56
01/20/20
01/20
17:56
01/20/20
17:56
Earnings
Breaking Earnings news story on First Defiance Financial »

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T

AT&T

$38.36

0.33 (0.87%)

, CMCSA

Comcast

$47.48

0.62 (1.32%)

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On The Fly
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T

AT&T

$38.36

0.33 (0.87%)

CMCSA

Comcast

$47.48

0.62 (1.32%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$72.48

-0.07 (-0.10%)

LGF.A

Lionsgate

$10.96

-0.32 (-2.84%)

LGF.B

Lionsgate

$10.32

-0.305 (-2.87%)

DIS

Disney

$144.25

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VIACA

ViacomCBS

$43.26

-0.855 (-1.94%)

VIAC

ViacomCBS

$39.48

-0.57 (-1.42%)

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STIM

Neuronetics

$4.38

-0.01 (-0.23%)

17:00
01/20/20
01/20
17:00
01/20/20
17:00
Recommendations
Neuronetics analyst commentary at Piper Sandler »

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TCMD

Tactile Systems

$60.76

-2.74 (-4.31%)

16:55
01/20/20
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16:55
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16:55
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EFSC

Enterprise Financial

$48.49

0.16 (0.33%)

16:45
01/20/20
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Earnings
Enterprise Financial reports Q4 EPS $1.09, consensus $1.09 »

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TGP

Teekay LNG

$14.73

-0.26 (-1.73%)

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WES

Western Midstream

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-0.55 (-2.60%)

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CPG

Crescent Point Energy

$4.20

-0.08 (-1.87%)

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CHSCP

CHS Inc.

$28.85

0.13 (0.45%)

16:26
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GMAB

Genmab

$22.73

-0.13 (-0.57%)

, JNJ

Johnson & Johnson

$149.07

0.82 (0.55%)

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Genmab announces European Marketing Authorization for DARZALEX »

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GMAB

Genmab

$22.73

-0.13 (-0.57%)

JNJ

Johnson & Johnson

$149.07

0.82 (0.55%)

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PRPO

Precipio

$2.09

-0.02 (-0.95%)

16:25
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Conference/Events
Precipio to host shareholder update conference call »

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TILE

Interface

$17.37

0.23 (1.34%)

16:22
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Interface names Dan Hendrix as President, CEO »

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IBCP

Independent Bank

$22.51

-0.26 (-1.14%)

16:19
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Independent Bank announces 11% increase in quarterly cash dividend »

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JAZZ

Jazz Pharmaceuticals

$151.00

-0.56 (-0.37%)

16:17
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AMRN

Amarin

$19.91

-0.15 (-0.75%)

16:13
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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

, SPX

S&P 500

$0.00

(0.00%)

16:09
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SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SPX

S&P 500

$0.00

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XOM

Exxon Mobil

$68.55

-0.26 (-0.38%)

, HES

Hess Corp.

$69.87

-0.45 (-0.64%)

16:07
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16:07
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$68.55

-0.26 (-0.38%)

HES

Hess Corp.

$69.87

-0.45 (-0.64%)

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TSLA

Tesla

$510.34

-3.065 (-0.60%)

16:04
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01/20
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16:04
Periodicals
Tesla rebuffs U.S. safety recall petition, Reuters reports »

Tesla said there was no…

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