Roth Capital biotech analyst to hold an analyst/industry conference call » 13:2504/0904/09/20
Fly Intel: Wall Street's top stories at midday » 13:0804/0904/09/20
DIS, GE, SBUX, BIG, NLS, VRAY, EXTR
Stocks are extending…
Nevro says court upholds patent claims validity in Boston Scientific case » 12:4504/0904/09/20
Nevro (NVRO) announced…
Iovance 'could be name to keep eye on' if Gilead seeks M&A, Dealreporter says » 09:4704/0904/09/20
After Gilead (GILD) gave…
After Gilead (GILD) gave soft guidance for this year, Dealreporter told its readers that if the pharma giant "were to go back to the well in oncology, Iovance Biotherapeutics (IOVA) could be a name to keep an eye on," sources tell The Fly. The biotech company reportedly saw some interest in February and such a hypothetical deal would give Gilead "another shot on goal in cell therapy" to build on its prior acquisition of Kite Pharma, the report added, according to contacts.
Disney+ could reach almost 70M subscribers by end of June, says Rosenblatt » 09:1104/0904/09/20
After Disney announced…
Disney remains top idea at JPMorgan after 'surprise' announcement » 09:0704/0904/09/20
JPMorgan analyst Alexia…
JPMorgan analyst Alexia Quadrani says Disney remains a top idea after the company announced that Disney+ has reached over 50M paid subscribers just under five months following its launch on November 12, 2019. The "surprise" announcement was provided amid the downward estimate revisions across other areas of the business, Quadrani tells investors in a research note. The analyst views Disney+ as a core driver to Disney's "extensive ecosystem of consumer touchpoints." She keeps an Overweight rating on the shares with a $140 price target.
Largest borrow rate increases among liquid names » 08:4504/0904/09/20
SPCE, CRC, TLRY, WTRH, JCP, JNK, FSLY, FXE, MLCO, MTCH
Latest data shows the…
Wells Fargo to hold a virtual conference » 08:2704/0904/09/20
ADVM, ALLK, AGTC, ARNA, ARWR, AUTL, AVRO, BLCM, BMRN, FATE, FPRX, GBT, IONS, IOVA, KZR, MEIP
2020 Virtual San…
Disney+ 50M paid subscribers a clear positive for streaming, says Credit Suisse » 08:1404/0904/09/20
Credit Suisse analyst…
Credit Suisse analyst Douglas Mitchelson notes that Disney (DIS) announced it hit 50M paid subscribers, with about 42M of those from North America/Western Europe markets and about 8M from India. Thus, Disney+ has added 14M developed market subscribers from the last reported February 4th 28M subscriber count through April 7th, reaching a level he did not expect until the end of the June quarter. This is a clear positive for the value Disney is creating in streaming as it suggests churn off its record Q4 launch has been at least manageable, if not low; the launches in 8 Western European markets likely have gone quite well; and Disney is clearly tracking way ahead of its guidance, having already achieved 70% of the low end of its 5-year 60M-90M guidance range ex-India in only 5 months. Overall, Disney is proving to be a fast follower in streaming, but Mitchelson would point out Disney+ outperformance only increases his confidence that Netflix (NFLX) is also seeing stay-at-home strength in March/April. He has an Outperform rating and $140 price target on Disney's stock.
Unusual call flow in option market yesterday » 07:3504/0904/09/20
AMRN, MRVL, I, COOP, DVA
Notable call activity was…
Notable call activity was cited Wednesday in Amarin (AMRN), Marvell (MRVL), Intelsat (I), Mr Cooper Group (COOP), and DaVita (DVA).