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LOW

Lowe's

$121.11

0.1 (0.08%)

, GOOG

Alphabet

$1,430.58

0.16 (0.01%)

11:10
01/13/20
01/13
11:10
01/13/20
11:10

Lowe's expanding work with Google Cloud

Google Cloud (GOOG, GOOGL) and Lowe's (LOW) announced the two companies are expanding their work together "to create a best-in-class technology foundation to help Lowe's deliver exceptional customer experiences and empower store associates with tools to better serve customers, regardless of how they shop." This technology foundation for the home improvement company includes new investments toward modernizing Lowes' e-commerce, merchandising, supply chain management, and pricing systems-ultimately providing a more fluid, "channel-less" customer experience spanning from product discovery to return visits. Lowe's is in the early stages of a large-scale, multiyear technology transformation, investing more than $500 million annually through 2021 and hiring up to 2,000 engineers to continue to build out future retail experiences. "We are making substantial investments in technology to modernize our platforms and advance our digital capabilities to better serve customer needs and deliver the best service and value across every channel," said Seemantini Godbole, executive vice president and chief information officer of Lowe's. "Partners like Google Cloud provide the innovative tools and support we need to execute our digital transformation."

LOW

Lowe's

$121.11

0.1 (0.08%)

GOOG

Alphabet

$1,430.58

0.16 (0.01%)

GOOGL

Alphabet Class A

$1,430.70

1.26 (0.09%)

  • 22

    Jan

  • 03

    Feb

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    Feb

  • 10

    Feb

LOW Lowe's
$121.11

0.1 (0.08%)

01/06/20
JEFF
01/06/20
NO CHANGE
Target $143
JEFF
Lowe's added to Franchise Pick list at Jefferies
Jefferies analyst Jonathan Matuszewski added Lowe's to his firm's Franchise Pick list and raised his price target for the shares to $143 from $141. The analyst increased his comp sales estimate to 3.5% from 3.2% to reflect greater confidence in the company's Pro sales acceleration following his recent loyalty program checks. Matuszewski keeps a Buy rating on the shares.
01/06/20
JEFF
01/06/20
NO CHANGE
JEFF
Jefferies adds Energizer, L3Harris and Lowe's to Franchise Pick list
Analysts at Jefferies added Energizer (ENR), L3Harris Technologies (LHX) and Lowe's to the firm's Franchise Pick list while removing Churchill Downs (CHDN), Floor & Decor (FND) and Gap (GPS).
01/07/20
BOFA
01/07/20
NO CHANGE
Target $85
BOFA
Buy
Aaron's, Lowe's positioned for outperformance in 2020, says BofA
In a research note on retailers, BofA analyst Elizabeth Suzuki said she thinks the stocks that are best positioned for outperformance in 2020 are Aaron's (AAN), Advance Auto Parts (AAP), Bed Bath & Beyond (BBBY), Lowe's (LOW) and Tempur Sealy (TPX). Conversely, the analyst thinks several hardline retail stocks are poised to underperform in 2020, including Floor & Decor (FND), GameStop (GME), Michael's (MIK) and Sleep Number (SNBR). The firm's proprietary RENO barometer suggests that renovation spending may sequentially improve through 1H before tapering off in 2H. While she nots that essentially every company in her coverage universe stands to gain from a trade war resolution, the biggest beneficiaries would likely be Michael's, Floor & Decor, Best Buy (BBY), RH (RH) and Williams-Sonoma (WSM). Suzuki raised her price target for Aaron's to $85 from $80.
01/09/20
GUGG
01/09/20
NO CHANGE
Target $100
GUGG
Buy
Guggenheim adds Best Buy to Best Idea list, ups price target to $100
Guggenheim analyst Steven Forbes raised his price target for Best Buy (BBY) to $100 from $90 and added the shares to his firm's Best Idea list. In the Consumer space, the analyst prefers companies with "solid, but reasonable," expectations, "compelling" relative EBITDA multiples, and idiosyncratic potential catalysts. His picks for 2020 include Best Buy, Dollar Tree (DLTR), Five Below (FIVE), Lowe's (LOW), Performance Food Group (PFGC) and RH (RH).
GOOG Alphabet
$1,430.58

0.16 (0.01%)

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
$1,430.70

1.26 (0.09%)

01/13/20
EVER
01/13/20
NO CHANGE
Target $1600
EVER
Outperform
Alphabet price target raised to $1,600 from $1,350 at Evercore ISI
Evercore ISI analyst Benjamin Black raised his price target on Alphabet to $1,600 and kept his Outperform rating, saying the company should continue to "compound" on its dominance in Search and video advertising, but does not expect its Cloud business to see a positive inflection. The analyst is basing his new price target on the 25-times expected earnings estimate for 2021.

TODAY'S FREE FLY STORIES

SPOT

Spotify

$148.20

-3.59 (-2.37%)

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CE

Celanese

$117.54

-0.53 (-0.45%)

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BYND

Beyond Meat

$109.20

-1.16 (-1.05%)

17:58
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DBD

Diebold

$11.09

-0.49 (-4.23%)

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

17:32
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Weekly CFTC Commitment of Traders highlights »

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

0.04 (0.24%)

GLD

SPDR Gold Shares

$146.59

0.29 (0.20%)

FXE

Euro Currency Trust

$105.10

-0.43 (-0.41%)

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UBSFY

Ubisoft

$0.00

(0.00%)

17:32
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01/17
17:32
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17:32
Periodicals
Ubisoft to restructure editorial team after difficult 2019, VGC reports »

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    Feb

IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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Syndicate
Breaking Syndicate news story on Immunovant »

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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

17:20
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01/17
17:20
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Syndicate
ToughBuilt files to sell common stock, no amount given »

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MYO

Myomo

$0.32

0.0062 (1.98%)

17:18
01/17/20
01/17
17:18
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17:18
Conference/Events
Myomo to host special shareholder meeting »

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  • 21

    Jan

SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
01/17/20
01/17
17:14
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17:14
Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

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  • 21

    Jan

SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

17:10
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01/17
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Syndicate
Breaking Syndicate news story on Sorrento Therapeutics »

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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

17:01
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Akers Biosciences reaches settlement agreements on two derivative actions »

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ECA

Encana

$4.09

-0.18 (-4.22%)

16:40
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01/17
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Hot Stocks
Encana receives court approval for reorganization »

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  • 29

    Jan

MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

16:38
01/17/20
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Breaking Syndicate news story on Moleculin Biotech »

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

16:37
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16:37
Periodicals
BT, Vodafone consider urging PM Johnson not to ban Huawei in U.K., Reuters says »

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

BT

BT Group

$0.00

(0.00%)

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16:30
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16:30
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16:30
Options
Preliminary option volume of 28.7M today »

Preliminary option volume…

NSCO

Nesco Holdings

$5.12

0.025 (0.49%)

16:26
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Nesco Holdings requests withdrawal of registration statement »

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GPS

Gap

$18.54

-0.075 (-0.40%)

, CMCSA

Comcast

$47.48

0.62 (1.32%)

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GPS

Gap

$18.54

-0.075 (-0.40%)

CMCSA

Comcast

$47.48

0.62 (1.32%)

CMCSK

Comcast

$0.00

(0.00%)

PLAY

Dave & Buster's

$47.35

5.3 (12.60%)

KKR

KKR

$31.20

0.7 (2.30%)

BA

Boeing

$324.11

-7.89 (-2.38%)

JNJ

Johnson & Johnson

$149.07

0.82 (0.55%)

SWK

Stanley Black & Decker

$172.63

2.18 (1.28%)

TWOU

2U

$22.84

1.05 (4.82%)

BE

Bloom Energy

$9.70

0.43 (4.64%)

MGPI

MGP Ingredients

$38.16

-14.74 (-27.86%)

FAST

Fastenal

$36.77

-0.55 (-1.47%)

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  • 27

    Feb

  • 09

    Mar

  • 17

    Mar

APLS

Apellis

$40.43

0.03 (0.07%)

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Apellis CEO sells 30.6K shares of common stock »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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NYSE market internals summary »

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16:15
01/17/20
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General news
Treasury Market Summary »

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LGC

Legacy Acquisition Corp

$10.33

(0.00%)

16:08
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GNUS

Genius Brands

$0.33

-0.015 (-4.41%)

16:04
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Breaking Syndicate news story on Genius Brands »

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BBY

Best Buy

$90.21

1.28 (1.44%)

16:04
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