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AMZN

Amazon.com

$1,869.54

-21.29 (-1.13%)

, FB

Facebook

$219.06

-2.89 (-1.30%)

06:50
01/15/20
01/15
06:50
01/15/20
06:50

Amazon.com brand advertising a catalyst in 2020, says Mizuho

After hosting an investor call on Amazon advertising with Tinuiti, a leading Amazon ad agency, Mizuho analyst James Lee says brand advertising is a catalyst for Amazon.com (AMZN) shares in 2020. Same-store-sales growth for the agency was 30% year-over-year in Q4, compared to 29% in Q3, Lee tells investors in a research note. Amazon will expand into brand advertising with its ad network and video ads in 2020, a strategy that served Facebook (FB) well, says the analyst. Lee maintains a Buy rating on Amazon shares with a $2,150 price target.

AMZN

Amazon.com

$1,869.54

-21.29 (-1.13%)

FB

Facebook

$219.06

-2.89 (-1.30%)

  • 22

    Jan

  • 29

    Jan

  • 10

    Feb

AMZN Amazon.com
$1,869.54

-21.29 (-1.13%)

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.
01/14/20
JPMS
01/14/20
NO CHANGE
Target $2200
JPMS
Overweight
JPMorgan sees revenue upside potential for Amazon in 2020
JPMorgan analyst Doug Anmuth says Amazon.com is one of his best ideas in 2020 with an Overweight rating and $2,200 price target. The shares are trading at levels previously reached in August 2018, reflecting concern around margin risk and increased competition for Web Services, Anmuth tells investors in a research note. The analyst, however, believes Amazon is well positioned in 2020. Prime 1-day should drive continued strong revenue and unit growth, says the analyst, who expects better profit flow-through as Amazon laps its heavy investment spend. Further, Anmuth expects more managed AWS growth deceleration and margin stability. Overall, the analyst projects net sales growth of 19% in 2020, with potential upside.
01/14/20
DBAB
01/14/20
NO CHANGE
Target $2150
DBAB
Buy
AWS changes indicate risk of further deceleration, says Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley confirmed that Amazon.com (AMZN) has switched out its CFO at Web Services, moving Sean Boyle, former AWS CFO, into a new roll at AWS, while moving Luis Visoso, formerly the CFO of Amazon's global consumer segment, into the CFO roll. The magnitude of personnel changes in senior leadership, on top of fundamental risks from slower enterprise workload migrations to the cloud and increasing competition from Microsoft (MSFT) and Google (GOOG, GOOGL), underscore increased risk of further deceleration at AWS, Walmsley tells investors in a research note. The analyst is comfortable with his below consensus AWS revenue estimates for 4Q 2 and sees increasing risk that 2020 sees continued deceleration in AWS constant currency sales growth. However, he keeps a Buy rating on Amazon shares with a $2,150 price target.
01/14/20
BOFA
01/14/20
NO CHANGE
Target $2330
BOFA
Buy
Amazon price target raised to $2,330 from $2,160 at BofA
BofA analyst Justin Post raised his price target on Amazon shares to $2,330 from $2,160, telling investors that his survey work shows Free One-Day shipping is gaining traction and Prime lock-in remains high. He also noted that both AWS and retail margin comps will ease significantly in the second and third quarters of this year. Post maintains a Buy rating on Amazon shares.
FB Facebook
$219.06

-2.89 (-1.30%)

01/13/20
EVER
01/13/20
DOWNGRADE
Target $115
EVER
Underperform
Spotify downgraded to Underperform from In Line at Evercore ISI
Evercore ISI analyst Benjamin Black downgraded Spotify Technology (SPOT) to Underperform from In Line with an unchanged price target of $115. The stock closed Friday down $1.70 to $156.04. The analyst, who views Spotify as a "tool for tactical trading," says the risk/reward with the shares back near $160 has "tilted back in favor of rewarding shorts." Black says Facebook (FB), Lyft (LYFT) and Match Group (MTCH) are his best ideas in Internet.
01/13/20
EVER
01/13/20
NO CHANGE
Target $280
EVER
Outperform
Facebook price target raised to $280 from $235 at Evercore ISI
Evercore ISI analyst Benjamin Black raised his price target on Facebook to $280 and kept his Outperform rating, calling the stock one of his "best ideas" in Internet entering 2020. The analyst believes that the current valuation models on the stock under-appreciate the "blurring of lines" at Instagram's advertising and e-commerce businesses, with reduced regulatory uncertainty also expected to be a positive. Black further states that an upward margin inflection at Facebook is a matter of "when, not if".
01/13/20
MZHO
01/13/20
NO CHANGE
Target $240
MZHO
Buy
Mizuho recommends Facebook and Baidu as top Internet picks for 2020
Mizuho analyst James Lee recommends Facebook (FB) with a $240 price target as his top 2020 U.S. Internet pick, and Baidu (BIDU) with a $175 price target as his top 2020 China Internet pick. For U.S. Internet, the analyst believes regulatory concerns are overstated, and that the risk "is already baked into valuations of large-cap stocks." For China Internet, Lee believes advertising will recover and outperform the e-commerce segment.
01/14/20
DBAB
01/14/20
NO CHANGE
Target $280
DBAB
Buy
Facebook price target raised to $280 from $270 at Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley raised his price target for Facebook to $280 from $270 ahead of the company's Q4 results and keeps a Buy rating on the shares. The analyst is bullish on Facebook shares for 2020, recently making it his top mega cap idea. The resurgence in core Facebook app performance flagged last quarter is set to continue into 2020 and can help drive sales and multiple expansion as investors gain comfort in the durability of the core Blue app, Walmsley tells investors in a research note. In Q4, the analyst sees upside to advertising revenue based on conversations in the industry, with notable strength in core Facebook.

TODAY'S FREE FLY STORIES

SPOT

Spotify

$148.20

-3.59 (-2.37%)

18:15
01/17/20
01/17
18:15
01/17/20
18:15
Periodicals
Spotify in talks to acquire The Ringer, WSJ reports »

Spotify is in discussions…

03/08/13
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03/06/13
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03/06/13
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  • 05

    Feb

CE

Celanese

$117.54

-0.53 (-0.45%)

18:00
01/17/20
01/17
18:00
01/17/20
18:00
Hot Stocks
Celanese announces acetyl intermediates price increases »

Celanese Corporation will…

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  • 31

    Jan

BYND

Beyond Meat

$109.20

-1.16 (-1.05%)

17:58
01/17/20
01/17
17:58
01/17/20
17:58
Periodicals
Beyond Meat rival gets green light in Canada, The Star says »

Impossible Foods, a maker…

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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DBD

Diebold

$11.09

-0.49 (-4.23%)

17:42
01/17/20
01/17
17:42
01/17/20
17:42
Periodicals
Breaking Periodicals news story on Diebold »

Diebold Nixdorf divests…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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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
01/17/20
01/17
17:32
01/17/20
17:32
General news
Weekly CFTC Commitment of Traders highlights »

2-YEAR U.S. TREASURY net…

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%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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UBSFY

Ubisoft

$0.00

(0.00%)

17:32
01/17/20
01/17
17:32
01/17/20
17:32
Periodicals
Ubisoft to restructure editorial team after difficult 2019, VGC reports »

Ubisoft intends to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 17

    Jan

  • 18

    Feb

IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
01/17/20
01/17
17:27
01/17/20
17:27
Syndicate
Breaking Syndicate news story on Immunovant »

Immunovant files to sell…

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

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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

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

Maxim acted as sole book…

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

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MYO

Myomo

$0.32

0.0062 (1.98%)

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

Special Shareholder…

03/08/13
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03/06/13
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  • 21

    Jan

SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

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

Virtual Special…

03/08/13
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03/06/13
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03/06/13
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  • 21

    Jan

SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

17:10
01/17/20
01/17
17:10
01/17/20
17:10
Syndicate
Breaking Syndicate news story on Sorrento Therapeutics »

Sorrento Therapeutics…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

17:01
01/17/20
01/17
17:01
01/17/20
17:01
Hot Stocks
Akers Biosciences reaches settlement agreements on two derivative actions »

Akers Biosciences…

03/08/13
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03/06/13
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ECA

Encana

$4.09

-0.18 (-4.22%)

16:40
01/17/20
01/17
16:40
01/17/20
16:40
Hot Stocks
Encana receives court approval for reorganization »

Encana Corporation…

03/08/13
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  • 29

    Jan

MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

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

Moleculin Biotech 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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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

16:37
01/17/20
01/17
16:37
01/17/20
16:37
Periodicals
BT, Vodafone consider urging PM Johnson not to ban Huawei in U.K., Reuters says »

BT Group (BT) and…

VOD

Vodafone

$20.07

-0.225 (-1.11%)

BT

BT Group

$0.00

(0.00%)

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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16:30
01/17/20
01/17
16:30
01/17/20
16:30
Options
Preliminary option volume of 28.7M today »

Preliminary option volume…

NSCO

Nesco Holdings

$5.12

0.025 (0.49%)

16:26
01/17/20
01/17
16:26
01/17/20
16:26
Syndicate
Nesco Holdings requests withdrawal of registration statement »

Nesco Holdings has…

03/08/13
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GPS

Gap

$18.54

-0.075 (-0.40%)

, CMCSA

Comcast

$47.48

0.62 (1.32%)

16:20
01/17/20
01/17
16:20
01/17/20
16:20
On The Fly
Fly Intel: Wall Street's top stories for Friday »

The major averages were…

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%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 17

    Jan

  • 20

    Jan

  • 22

    Jan

  • 23

    Jan

  • 29

    Jan

  • 29

    Jan

  • 31

    Jan

  • 26

    Feb

  • 27

    Feb

  • 09

    Mar

  • 17

    Mar

APLS

Apellis

$40.43

0.03 (0.07%)

16:18
01/17/20
01/17
16:18
01/17/20
16:18
Hot Stocks
Apellis CEO sells 30.6K shares of common stock »

In a regulatory filing,…

03/08/13
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03/06/13
Citigroup
03/06/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
01/17/20
01/17
16:17
01/17/20
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was above average…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
01/17/20
01/17
16:16
01/17/20
16:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

03/08/13
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03/06/13
Citigroup
03/06/13
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16:15
01/17/20
01/17
16:15
01/17/20
16:15
General news
Treasury Market Summary »

Treasury Market Summary:…

LGC

Legacy Acquisition Corp

$10.33

(0.00%)

16:08
01/17/20
01/17
16:08
01/17/20
16:08
Hot Stocks
Legacy Acquisition Corp extends date to consummate proposed business combination »

Legacy Acquisition Corp…

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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GNUS

Genius Brands

$0.33

-0.015 (-4.41%)

16:04
01/17/20
01/17
16:04
01/17/20
16:04
Syndicate
Breaking Syndicate news story on Genius Brands »

Genius Brands files $50M…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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BBY

Best Buy

$90.21

1.28 (1.44%)

16:04
01/17/20
01/17
16:04
01/17/20
16:04
Periodicals
Best Buy board opens investigation into CEO's personal conduct, WSJ says »

The board of Best Buy is…

03/08/13
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03/06/13
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03/06/13
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