Covid-19 crisis seen impacting e-commerce names as video games set to benefit » 12:4202/2702/27/20
W, EBAY, AMZN, SHOP, TTWO, EA, ATVI, PINS, YELP, FB, GOOGL, GOOG, TWTR, CVNA, LQDT
Baird analyst Colin…
DOJ rebukes Google's slow response in antitrust probe, Washington Post says » 12:2702/2702/27/20
According to Tony Romm of…
According to Tony Romm of the Washington Post, the Department of Justice has privately criticized Google over the company's response in providing "critical information to government officials who are investigating the search and advertising company for potential antitrust violations." The Jusice Department said in a letter, early this week that the search giant "engaged in "unacceptable" delays since it received legal orders starting in October to turn over a tranche of evidence, including details involving executives, that shed light on the company's business practices," added the Washington Post story. URL
Fortinet appoints Kelly Ducourty to board of directors » 09:0902/2702/27/20
FTNT, GOOG, GOOGL
Fortinet (FTNT) announced…
Fortinet (FTNT) announced the addition of Kelly Ducourty to the company's Board of Directors, adding further depth and expertise to the Board. Kelly is a key part of the global sales organization at Google Cloud (GOOG, GOOGL), accountable for effectively growing and scaling the organization to compete and win in the cloud hyper growth market.
Morgan Stanley sees opportunities for legacy automakers to take share from Tesla » 08:4302/2702/27/20
TSLA, AAPL, GOOGL, GOOG
Morgan Stanley analyst…
Morgan Stanley analyst Adam Jonas said many investors he has spoken to have a difficult time thinking about how Tesla (TSLA) can maintain, if not grow, its already "very high" market share in battery electric vehicles, which are concerns that he views as valid. He sees the potential for some traditional OEMs to do the bulk of the tech development and manufacturing in-house for the majority of their EVs, but also sees potential for Tesla to play the role of third party BEV powertrain supplier to competing automakers. He also outlines the potential of a "non-Tesla tech consortium," given the "significant and growing interest" shown by the likes of Apple (AAPL) and Alphabet (GOOGL) in exploring commercial opportunities in the global auto market. Jonas, who sees "several opportunities" for legacy automakers to take increasing share of the battery electric vehicle market, keeps an Underweight rating and $500 price target on Tesla shares.
Fly Intel: Wall Street's top stories for Wednesday » 17:0502/2602/26/20
DIS, CRM, LOW, NOK, GOOG, GOOGL, AAPL, BYND, SBUX, BGS, TJX, SABR, SDC, DY
Stocks seemed in the…
LivaNova enters research collaboration with Alphabet's Verily » 16:4602/2602/26/20
LIVN, GOOG, GOOGL
LivaNova PLC (LIVN)…
LivaNova PLC (LIVN) announced a research collaboration with Verily, an Alphabet (GOOGL) company, to capture measures of depression within its RECOVER clinical study, which is evaluating the effectiveness of Vagus Nerve Stimulation Therapy for Difficult-to-Treat Depression. Through this initial research collaboration, LivaNova and Verily aim to gather quantitative data on patient behavior using technology and analytics developed by Verily to further understand depressive episodes and a patient's response to treatment. RECOVER clinical sites will have the ability to offer patients the Verily Study Watch, a wearable device designed to capture physiological and environmental data for clinical research, and a Verily mobile phone app. These complementary approaches are expected to help investigators better understand the impact of depression and its treatment on study participants' lives in a more objective and multi-dimensional manner.
Google to invest over $10B in offices, data centers across U.S. in 2020 » 12:5002/2602/26/20
Google CEO Sundar Pichai…
Google CEO Sundar Pichai announced that Google will invest more than $10B in offices and data centers across the United States in 2020. Google has a presence in 26 states across the country and its new investments will be focused in 11 of them: Colorado, Georgia, Massachusetts, Nebraska, New York, Oklahoma, Ohio, Pennsylvania, Texas, Washington and California. "Everywhere we invest, we strive to create meaningful opportunities for local communities," Pichai said in a blog post. "A powerful example is our data center in Pryor, a town in Mayes County, Oklahoma. Last year, I visited Pryor to announce a $600 million investment, our fourth expansion there since 2007. It felt like the whole community came out to welcome us, from small business owners to teachers to Google employees. Pryor Mayor Larry Lees told the crowd that Google's investments have helped provide local schools with the resources they need-including the latest textbooks and STEM courses-to offer a world-class education. He talked about the small businesses we have helped train and the mentorship Googlers have provided to Pryor's students. This is exactly the kind of difference we hope to make with our new office and data center projects in 2020. These investments will create thousands of jobs-including roles within Google, construction jobs in data centers and renewable energy facilities, and opportunities in local businesses in surrounding towns and communities. This effort builds on the momentum of the $13 billion investment in communities from South Carolina to Nevada we made in 2019. Combined with other R&D investments, Google's parent company Alphabet was the largest investor in the U.S. last year, according to a report from the Progressive Policy Institute." Reference Link
Chinese smartphone disruptor Realme unveils high end 5G phone, Engadget says » 12:2902/2602/26/20
GOOG, SSNLF, AAPL
Chinese smartphone challenger Realme is making strides in the 5G market with its unveiling of the mid-range Realme X50 5G last month, says Engadget. Realme has now now announced the the high-end Realme X50 Pro 5G, with the Qualcomm Snapdragon 865 chipset, added the story. "Unsurprisingly, the "Pro" here is mainly referring to the Qualcomm (QCOM) Snapdragon 865 chipset, which is the staple for practically all 5G flagships so far this year. This means the phone will connect to more 5G bands, including Europe and India, where it will also launch, to take full advantage of its 360-degree surround antenna," added the Engadget story. Companies in the smartphone space include Apple (AAPL), Samsung (SSNLF) and Alphabet (GOOG). Reference Link
Palihapitiya a 'net seller' of mega-cap tech 'FANG' stocks aside from Amazon » 08:5902/2602/26/20
AMZN, FB, NFLX, GOOGL, GOOG
Social Capital CEO…
Social Capital CEO Chamath Palihapitiya, while appearing on CNBC, said he is a "net seller" of mega-cap tech stocks such as Facebook (FB), Netflix (NFLX) and Alphabet (GOOGL), citing regulatory risks among his reasons. The exception, he said, is Amazon (AMZN), which he would continue to accumulate.
Wedbush SMid/Internet analyst to hold a luncheon » 14:0602/2502/25/20
PINS, FB, GOOG, TWTR, SNAP, AMZN
SMid/Internet Analyst Arounian holds an Advisor Luncheon with Scott Gifis, President & COO at Frame.io and Advisor at NextRoll where the focus will be on key themes in the digital avertising ecosystem, in Boston on March 4 hosted by Wedbush.