Notable companies reporting after market close » 14:0005/2805/28/20
CRM, COST, VMW, DELL, VEEV, OKTA, ULTA, ZS, WSM, OLLI, DXC, PSTG, JWN
Notable companies reporting after the market close, with earnings consensus, include Salesforce (CRM), consensus 69c... Costco (COST), consensus $2.04... VMware (VMW), consensus $1.20... Dell Technologies (DELL), consensus $1.01... Veeva Systems (VEEV), consensus 58c... Okta (OKTA), consensus (17c)... Ulta Beauty (ULTA), consensus 68c... Zscaler (ZS), consensus 2c... Williams-Sonoma (WSM), consensus (15c)... Ollie's Bargain Outlet (OLLI), consensus 31c... DXC Technology (DXC), consensus 99c... Pure Storage (PSTG), consensus (15c)... Nordstrom (JWN), consensus 95c.
Nautilus participates in a conference call with SunTrust » 12:2505/2805/28/20
Conference call with…
Starbucks U.S. comp improvement to be moderate, says Cleveland Research » 10:0505/2805/28/20
Fly Intel: Top five analyst initiations » 10:0405/2805/28/20
FUN, SIX, SEAS, AXLA, CPE, THS, POL
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cedar Fair (FUN) was initiated with a Buy at Goldman Sachs, while SeaWorld (SEAS) was initiated with a Neutral, and Six Flags (SIX) was initiated with a Sell. 2. Axcella (AXLA) initiated with an Outperform at Wedbush. 3. Callon Petroleum (CPE) initiated with a Buy at MKM Partners. 4. TreeHouse (THS) initiated with a Buy at DA Davidson. 5. PolyOne (POL) initiated with an Overweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Disney downgrade, Qualcomm upgrade among today's top calls on Wall Street » 09:5005/2805/28/20
DIS, QCOM, TSN, SIX, FUN, SEAS, BOX
Check out today's top…
Six Flags initiated with a Sell at Goldman Sachs » 06:3605/2805/28/20
Goldman Sachs analyst…
Goldman Sachs analyst Stephen Grambling initiated coverage of Six Flags Entertainment with a Sell rating and $22 price target. Six Flags parks currently have the highest exposure to COVID-19 cases and unemployment trends based on the states it operates in, Grambling tells investors in a research note. Further, the company's "stagnating" organic attendance growth requires material reinvestment, limiting flow-through in a recovery, adds the analyst. He expects downward revisions to consensus estimates to drive a de-rating of the multiple.
Pershing sees return of Chinese students to school being catalyst for Starbucks » 11:4705/2705/27/20
Representatives of Pershing Square, including Bill Ackman, are discussing their long thesis on Starbucks during the firm's first quarter investor call.
Six Flags announcement 'significant step forward,' says William Blair » 10:2305/2605/26/20
Six Flags Entertainment…
Six Flags Entertainment this morning announced that it will reopen Frontier City in Oklahoma City, Oklahoma, on June 5 as well as a number of new safety measures and technology systems to help protect guests and employees, William Blair analyst Ryan Sundby tells investors in a research note. The analyst sees today's announcement as a "significant step forward for the company." While Frontier City will likely serve to provide initial insights and guest feedback ahead of a broader reopening, more parks could move forward in relative short order in states that saw stay at home orders lifted earlier in the process, says Sundby. He believes the stock's risk/reward is favorable at these levels.
Six Flags announces 'extensive new safety measures' for reopening parks » 08:0805/2605/26/20
Six Flags Entertainment…
Six Flags Entertainment Corporation, the world's largest regional theme park company and the largest operator of waterparks in North America, today announced that Frontier City in Oklahoma City, Oklahoma, will reopen with limited capacity beginning June 5, 2020. In accordance with Governor Stitt's Open Up and Recover Safely Plan (OURS), and following Mayor Holt's recent proclamation allowing businesses to reopen, the park will begin operating at reduced attendance levels and will operate in a preview mode June 5-7 for Members and Season Pass Holders only. After a short initial reopening phase, the park will gradually increase attendance levels throughout the month. The park is implementing extensive new safety measures and hygiene protocols, including several new advanced technology systems to protect guests and employees. "We are excited to welcome Oklahomans back to Frontier City as we introduce new safety procedures for everyone's protection. The health and safety of our guests and team members remains our number one priority," said Frontier City General Manager Trevor Leonard. "All government officials, along with city and county health departments, have been extremely supportive of our efforts to reopen in accordance with state and local guidelines." The company said, "All parks will employ a sophisticated online reservation system to manage attendance, schedule guests for entry by day, and stagger arrival times to minimize proximity exposure. Other new technologies include: State-of-the-art thermal imaging for temperature checks; Advanced security screening technology for touchless bag checks; and Expanded mobile food ordering. The park reopening plan, which the company developed with its epidemiologist consultants, meets or exceeds federal, state, and local guidelines. It sets standards for executing at the highest levels of hygiene and social distancing protocols." The company added, "Contact-less IR thermal imaging will be used to screen temperatures of guests and employees prior to entry; and individuals will be asked if they are healthy and will be required to acknowledge the company's health policies; All guests over the age of two and all team members will be required to wear face masks covering the nose and mouth throughout their visit/work day. Accommodations may be made on a case-by-case basis for persons with disabilities, health concerns, religious restrictions, or other circumstances that in Six Flags' discretion warrant a modification of this face mask requirement; and Any guest without a mask will be able to purchase one at the front gate."
PriceSmart to open new warehouse club in Costa Rica » 08:0505/2605/26/20
PriceSmart, announced that it plans to move forward with opening what will be its 46th warehouse club on June 17 in Liberia, Costa Rica. Sherry Bahrambeygui, CEO, commented, "In March 2020, when we first began to appreciate the uncertainties created by the COVID-19 pandemic, we temporarily suspended significant capital expenditures, including additional club developments. We have now decided to resume various projects, including the completion of the Liberia, Costa Rica club. The new Liberia club will be our 8th club in Costa Rica, located in the Guanacaste province, approximately 130 miles from the nearest PriceSmart club and three hours from the capital city of San Jose. The Liberia club will offer 'Click and Go' services, as well as other features that, over the past couple of months, have proven to be of increased importance to our Members. We are very much looking forward to the opening of our 46th club."