Corporations from every sector weigh in on coronavirus impact » 12:3802/2502/25/20
AAPL, NVDA, MA, PG, KO, UAL, RCL, CCL, M, NCLH, EXFO, HSII, MMSI, HD
The last few weeks have…
Game On: An exclusive talk with Brok3nsite CEO Antonio Manuel Garcia Ceva » 12:0502/2502/25/20
SNE, GOOG, GOOGL, MSFT, NTDOY, ATVI, EA, TCEHY, TTWO, UBSFY
In this week's edition of…
Tesla, Nvidia downgrades, Regeneron upgrades among today's top analyst calls » 11:0902/2502/25/20
TSLA, NVDA, MU, SIMO, W, REGN, NVS
Check out today's top…
Fly Intel: Top five analyst downgrades » 10:1402/2502/25/20
TSLA, PANW, MU, W, NVDA
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Hold from Buy at Jefferies with analyst Philippe Houchois saying he remains convinced by Tesla's "equity opportunity," but also believes that its valuation needs to be grounded on its potential market size and profitability. 2. Palo Alto Networks (PANW) downgraded to Neutral from Overweight at JPMorgan, to Neutral from Buy at Dougherty, to Hold from Buy at Deutsche Bank, to Market Perform from Outperform at BMO Capital, and to Sector Perform from Outperform at RBC Capital. 3. Micron (MU) double downgraded to Underperform from Buy at BofA with analyst Simon Woo saying he is concerned about earnings misses or guidance cuts for the March quarter. 4. Wayfair (W) downgraded to Equal Weight from Overweight at Stephens with analyst Rick Nelson saying investor sentiment has shifted against Wayfair with the stock down almost 60% from the March 2019 high of $174. 5. Nvidia (NVDA) downgraded to Reduce from Neutral at Nomura Instinet with analyst David Wong saying risks to the global semiconductor industry posed by the coronavirus outbreak have grown over the last few weeks. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Nomura Instinet downgrades Nvidia to Reduce on coronavirus risk » 06:0202/2502/25/20
Nomura Instinet analyst…
Nomura Instinet analyst David Wong last night downgraded Nvidia to Reduce from Neutral with a price target of $230, down from $235. The stock closed Monday down 7%, or $20.79, to $273.28. Risks to the global semiconductor industry posed by the coronavirus outbreak have grown over the last few weeks, Wong tells investors in a research note. Many investors and companies may have underestimated the risk of the current issues impacting electronics end market demand through 2020, adds the analyst. Wong points out that Nvidia's Gaming segment accounted for 56% of total revenues in the January 2020 quarter. He considers the company's gaming graphics processing units and Nintendo Switchbased chips to be consumer discretionary items. Economic dislocations resulting from the coronavirus outbreak pose risk to demand in most electronic end markets, but the end markets associated with consumer purchases might have the most potential downside, says Wong.
Nvidia downgraded to Reduce from Neutral at Nomura Instinet » 20:1302/2402/24/20
Nomura Instinet analyst…
Nomura Instinet analyst David Wong downgraded Nvidia to Reduce from Neutral with a $230 price target.
Blizzard cancels Overwatch League matches in South Korea amid coronavirus fears » 12:1702/2402/24/20
Activision Blizzard's Overwatch League said last night via Twitter that it is canceling plans to host 2020 Overwatch League matches in South Korea in weeks 5, 6, and 7 "in order to protect the health & safety of our players, fans & staff." "We'll share more info about when and where matches will take place at a later," the company said. The Fly notes that the news come amid growing fears around the coronavirus outbreak. Reference Link
Jefferies to hold a bus tour » 07:5602/2402/24/20
ATVI, CDP, EA, GLUU, ZNGA
Interactive Entertainment Bus Tour travels throughout San Francisco on February 24.
Coronavirus creates risk for GPU market, says Nomura Instinet » 06:0302/2402/24/20
The coronavirus outbreak…
The coronavirus outbreak creates risk for the graphics processing unit market, Nomura Instinet analyst David Wong tells investors in a research note. The analyst views gaming GPUs as a consumer discretionary item. Should coronavirus lead to any economic weakening in China, or in any other countries, there could be an impact in demand in many semiconductor end markets, Wong writes. He sees the consumer-related end markets as being most at risk. The analyst remains cautious on Nvidia (NVDA) with a Neutral rating. However, he reiterates a Buy rating on AMD (AMD), saying the company's market share gain potential in both microprocessors and GPU will drive growth through 2020.
The Intersection: Crypto and Wall Street This Week » 09:4702/2102/21/20
BTC, BITCOIN, ACN, RIOT, DPW, AMD, NVDA, OSTK, KODK, IDEX, TEUM, SRAX
As bitcoin, ethereum and…