2022-05-25 13:25:27 NSRGY Nestle
GSK plc
05/25/22 05/2513:25 05/25/2213:25 | Nestle mulled GSK consumer deal, but dropped idea, Bloomberg reportsNestle (NSRGY) reportedly explored a potential deal for GlaxoSmithKline's (GSK) consumer health division in "recent months," but quickly dropped the idea of buying the arm, Bloomberg's Aaron Kirchfeld, Ruth Davis and Dinesh Nair report, citing people familiar with the matter. Nestle, which was considering partnering with Reckitt Benckiser Group (RBGLY) or a similar partner to split up the unit, made informal overtures to express interest in the division, but dropped the idea due to the complexities of the deal and GSK management's preference for a separate listing of the operation. Reference Link Nestle
GSK plc
Reckitt Benckiser
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Initiation
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Greentown Management initiated with a Buy at Citi »
04:58 07/05/22 07/0504:58 07/05/2204:58
GRMHF
Greentown Management
Citi analyst Cindy Li… Story temporarily locked. |
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Enhabit to replace Loyalty Ventures in S&P 600 at open on 7/5 »
04:55 07/05/22 07/0504:55 07/05/2204:55
EHAB
Enhabit
Loyalty Ventures
Encompass Health
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Sun Country Airlines to replace Neenah in S&P 600 at open on 7/5 »
04:55 07/05/22 07/0504:55 07/05/2204:55
SNCY
Sun Country Airlines
Neenah
Schweitzer-Mauduit
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Conference/Events
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Jefferies technology analyst to hold an analyst/industry conference call »
04:55 07/05/22 07/0504:55 07/05/2204:55
HUBS
HubSpot
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Stride to replace Omnicell in S&P 600 at open on 7/5
04:55 07/05/22 07/0504:55 07/05/2204:55
LRN
Stride
Omnicell
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Omnicell to replace Coherent in S&P 400 at open on 7/5 »
04:55 07/05/22 07/0504:55 07/05/2204:55
OMCL
Omnicell
Coherent
II-VI
II-VI (IIVI) is acquiring… Story temporarily locked. ShowHide Related Items >><<
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Sanofi to hold an investor event »
04:55 07/05/22 07/0504:55 07/05/2204:55
SNY
Sanofi
ESG Investor Event will… Story temporarily locked. ShowHide Related Items >><<
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Moncler upgraded to Sector Perform from Underperform at RBC Capital »
04:52 07/05/22 07/0504:52 07/05/2204:52
MONRF
Moncler
RBC Capital analyst Piral… Story temporarily locked. ShowHide Related Items >><<
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Initiation
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SAP initiated with a Buy at Berenberg »
04:49 07/05/22 07/0504:49 07/05/2204:49
SAP
SAP
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Remy Cointreau upgraded to Buy from Hold at Jefferies »
04:46 07/05/22 07/0504:46 07/05/2204:46
REMYY
Remy Cointreau
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Lonza upgraded to Buy from Neutral at Citi »
04:44 07/05/22 07/0504:44 07/05/2204:44
LZAGY
Lonza
Citi analyst Vineet… Story temporarily locked. ShowHide Related Items >><<
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Recommendations
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Netflix price target lowered to $210 from $293 at Piper Sandler »
04:40 07/05/22 07/0504:40 07/05/2204:40
NFLX
Netflix
Piper Sandler analyst… Piper Sandler analyst Thomas Champion lowered the firm's price target on Netflix to $210 from $293 and keeps an Overweight rating on the shares. "Stranger Things 4" is now the most popular Netflix English-language TV series and second-most popular globally behind "Squid Game," Champion tells investors in a research note. However, the analyst says Netflix's user growth "may remain subdued" as "Top 10" hours in Q4 declined 4% quarter-over-quarter. And with the likely launch of an ad-supported tier, Champion wonders "if management is being more reactive than proactive." While Netflix's valuation is more attractive, it remains above streaming media peers, contends the analyst. He continues to view the company as a "business in transition." ShowHide Related Items >><<
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General news
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China Caixin composite PMI rebounded in June, »
03:50 07/05/22 07/0503:50 07/05/2203:50
$ECON
Economic Data
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Jefferies technology analyst to hold an analyst/industry conference call »
00:16 07/05/22 07/0500:16 07/05/2200:16
Technology Analyst… Story temporarily locked. |
Conference/Events
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Jefferies technology analyst to hold an analyst/industry conference call »
00:01 07/05/22 07/0500:01 07/05/2200:01
HUBS
HubSpot
Technology Analyst… Technology Analyst Samana, along with CEO & Founder of Penguin Strategies, Perry Nalevka, a HubSpot Diamond Partner, participate in an Analyst/Industry conference call to be held on July 6 at 11 am. Webcast Link ShowHide Related Items >><<
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Zenvia downgraded to Neutral from Buy at Goldman Sachs »
22:10 07/04/22 07/0422:10 07/04/2222:10
ZENV
Zenvia
Goldman Sachs analyst… Goldman Sachs analyst Diego Aragao downgraded Zenvia to Neutral from Buy with a $3.40 price target. The company's recently closed acquisitions imply potential leverage-related risks in the medium term, and its improvements have not consistently translated into margin improvement over recent quarters, Aragao tells investors in a research note. The analyst says "constrained" financial and stock liquidity add risk to Zenvia's story and limit its re-rating potential in a tough market environment. ShowHide Related Items >><<
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CES Energy upgraded to Outperform from Sector Perform at National Bank »
21:22 07/04/22 07/0421:22 07/04/2221:22
CESDF
CES Energy Solutions
National Bank analyst… National Bank analyst Michael Robertson upgraded CES Energy Solutions to Outperform from Sector Perform with a price target of C$3.50, up from C$3.35. The analyst views the stock's risk/reward as favorable given his positive outlook for the North American oil and gas industry activity levels. He says CES Energy's multiple is below both its long-term and more recent historical forward year averages. ShowHide Related Items >><<
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Fly Intel: Top five weekend stock stories »
20:17 07/04/22 07/0420:17 07/04/2220:17
TSLA
Tesla
KKR
Deutsche Telekom
Las Vegas Sands
Comcast
Comcast
Activision Blizzard
Apple
AutoZone
Genuine Parts
O'Reilly Automotive
Bed Bath & Beyond
Catch up on the… Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Tesla (TSLA) reported Q2 deliveries of 254,695, with 4% subject to operating lease accounting, and production of 258,580 vehicles. Tesla delivered 16,162 Model S/X and 238,533 Model 3/Y. The company said, "In the second quarter, we produced over 258,000 vehicles and delivered over 254,000 vehicles, despite ongoing supply chain challenges and factory shutdowns beyond our control. June 2022 was the highest vehicle production month in Tesla's history." 2. A consortium backed by KKR (KKR) is emerging as the frontrunner to buy a stake in Deutsche Telekom's (DTEGY) sprawling wireless tower portfolio, Bloomberg's Dinesh Nair, Eyk Henning, and Aaron Kirchfeld reported, citing people familiar with the matter. KKR has made an offer in conjunction with Global Infrastructure Partners and Stonepeak, the people said. Their bid is seen as more attractive than a rival proposal from Brookfield Asset Management (BAM) and Spain's Cellnex Telecom, the sources added. 3. China's decision to ease its entry requirements for international travelers is a step toward a fuller reopening and away from a zero-COVID strategy. It also signals an eventual reopening of its Macau casinos, Teresa Rivas wrote in this week's edition of Barron's. It may be the right time to bet on Las Vegas Sands, the author says. Las Vegas Sands (LVS) gets a little over two-thirds of its business from Macau, with the remainder coming from its Marina Bay Sands property in Singapore. The latter is an underappreciated asset that provides earnings visibility, while the former could see profits jump when Macau more fully reopens, following in the footsteps of Las Vegas and other U.S. cities, where gross gaming revenue has exploded above prepandemic levels, Rivas added. 4. Comcast (CMCSA) subsidiary Universal's "Minions: The Rise of Gru' won this weekend's domestic box office with a $125.2M four-day opening. This includes $107M for the three days. Overseas, the film surpassed $86M on Sunday for a global total of $200M-plus. These numbers make "Minions: The Rise of Gru" debut one of the top starts ever at the domestic box office for an animated movie, not adjusted for inflation. The movie is a sequel to 2015's "Minions" and the fifth entry in the "Despicable Me" franchise. 5. Activision Blizzard (ATVI), Advance Auto Parts (AAP), AutoZone (AZO), Genuine Parts (GPC) and O'Reilly Automotive (ORLY) saw positive mentions in this week's edition of Barron's, while Bed Bath & Beyond (BBBY) was mentioned cautiously. ShowHide Related Items >><<
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Recommendations
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Tesla's FY22 goal of 1.5M deliveries 'potentially a stretch,' says Bernstein »
20:05 07/04/22 07/0420:05 07/04/2220:05
TSLA
Tesla
Bernstein analyst Toni… Bernstein analyst Toni Sacconaghi notes that Tesla reported Q2 deliveries of 255,000, down from 310,000 in Q1, and below muted consensus expectations of 261,000. The analyst believes that the shortfall in deliveries was attributable to a slower than expected re-ramp of the Shanghai facility, particularly in May. Furthermore, Sacconaghi thinks Tesla's full year 2022 goal of 1.5M deliveries or 60% growth is "potentially a stretch," but 50% growth or 1.4M units "appears plausible," with expanding production in China and incremental contribution from Berlin and Austin. The key question for the quarter is profitability, the analyst argues. While recent comments from Musk that Austin and Berlin are "gigantic money furnaces right now" losing "billions of dollars" are likely, Sacconaghi believes that they signal some potential profitability pressure amid slow ramps and rising input costs. He has an Underperform rating and a price target of $450 on the shares. ShowHide Related Items >><<
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Periodicals
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Vital TSMC supplier warns of chip material price hikes into 2023, Bloomberg says »
18:07 07/04/22 07/0418:07 07/04/2218:07
TSM
TSMC
Infineon
Japanese chemicals… Japanese chemicals supplier Showa Denko K.K. expects to further raise prices and cut back unprofitable product lines as it grapples with a barrage of economic challenges confronting the $550B semiconductor industry, Bloomberg's Takashi Mochizuki and Yuki Furukawa report. That's on top of at least a dozen hikes already this year, reflecting COVID-19 supply snarls, surging energy costs from the Ukraine war and the yen's dramatic weakening, Chief Financial Officer Hideki Somemiya told Bloomberg News in an interview. The situation is unlikely to significantly improve until at least 2023, he added. Showa Denko, which supplies essential chip fabrication materials to the likes of TSMC (TSM) and Infineon (IFNNY), has been forced to drastically increase the cost it passes on to customers, Somemiya said. Reference Link ShowHide Related Items >><<
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Canadian National, IBEW agree to binding arbitration ending strike »
18:04 07/04/22 07/0418:04 07/04/2218:04
CNI
Canadian National
Canadian National… Canadian National announced that the International Brotherhood of Electrical Workers, IBEW, has agreed to binding arbitration, bringing the strike to an end at 00:01 EDT on July 5, 2022. Employees in Signals and Communications will return to their roles at 07:00 AM EDT on July 6, 2022. ShowHide Related Items >><<
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New Image acquires Nutrimetics from Tupperware Brands »
18:02 07/04/22 07/0418:02 07/04/2218:02
TUP
Tupperware Brands
New Image Group has… New Image Group has acquired skincare and cosmetics brand Nutrimetics from Tupperware Brands for an undisclosed sum. Nutrimetics is a natural fit with New Image's portfolio of health and nutrition products says Graeme Clegg, founder and chairman of the privately owned New Image Group. The acquisition includes Nutrimetics Australia, Nutrimetics International New Zealand, Nutrimetics Manufacturing and Nutrimetics France. ShowHide Related Items >><<
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Periodicals
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KKR-backed group leads bidding for $20B Deutsche Telekom arm, Bloomberg says »
16:44 07/04/22 07/0416:44 07/04/2216:44
KKR
KKR
Deutsche Telekom
Brookfield
A consortium backed by… A consortium backed by KKR (KKR) is emerging as the frontrunner to buy a stake in Deutsche Telekom's (DTEGY) sprawling wireless tower portfolio, Bloomberg's Dinesh Nair, Eyk Henning, and Aaron Kirchfeld report, citing people familiar with the matter. KKR has made an offer in conjunction with Global Infrastructure Partners and Stonepeak, the people said. Their bid is seen as more attractive than a rival proposal from Brookfield Asset Management (BAM) and Spain's Cellnex Telecom, the sources added. Reference Link ShowHide Related Items >><<
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Conference/Events
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Sanofi to hold an investor event »
16:42 07/04/22 07/0416:42 07/04/2216:42
SNY
Sanofi
ESG Investor Event will… ESG Investor Event will be held in Paris, France on July 5 at 8 am. Webcast Link ShowHide Related Items >><<
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Downgrade
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Publicis downgraded to Neutral from Buy at Goldman Sachs »
16:40 07/04/22 07/0416:40 07/04/2216:40
PUBGY
Publicis
Goldman Sachs analyst… Goldman Sachs analyst Lisa Yang downgraded Publicis to Neutral from Buy due to increased macro uncertainty and downside risk to consensus earnings, which will likely continue to weigh on the share price. With agency price-to-earnings multiples typically following organic revenue growth performance, the analyst anticipates a further potential de-rating and now apply 8.7-times 2023 price-to-earnings multiple. ShowHide Related Items >><<
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