Google releases virtual visiting cards on Google Search in India » 10:3608/1108/11/20
In a blog post, Lauren…
Story temporarily locked.
Microsoft rolls out xCloud game streaming beta August 11, Verge says » 17:4208/1008/10/20
MSFT, GOOG, GOOGL
Microsoft (MSFT) will let…
Microsoft (MSFT) will let Xbox Game Pass Ultimate subscribers try out its new xCloud streaming feature on August 11, The Verge's Tom Warren reports. The company will roll out a new version of the Xbox Game Pass beta app for Android (GOOG), which includes game streaming, the author notes. "As we approach the launch of cloud gaming with Xbox Game Pass Ultimate on September 15, we're entering a limited beta period to ensure a smooth transition of the cloud gaming experience to the Xbox Game Pass app on Android," a Microsoft spokesperson told The Verge. "Existing Xbox Game Pass (Beta) app users will get the opportunity to test a subset of the available titles as we ready the experience for broader availability next month. This limited beta is critical to providing the best possible experience for members at launch and should not be considered indicative of the final experience or library." Reference Link
Trade Desk price target raised to $450 from $250 at Truist » 09:1108/1008/10/20
TTD, GOOGL, FB
Truist analyst Youssef…
Truist analyst Youssef Squali raised the firm's price target on Trade Desk (TTD) to $450 from $250 but keeps a Hold rating on the shares. The analyst claims that the pandemic has caused a "permanent shift" in the marketers' focus on data-driven advertising as well as Connected TV, or CTV, which he estimates to have reached over 20% of total revenue. Squali adds that Trade Desk remains a CTV play and represents an alternative to the Google (GOOGL) / Facebook (FB) advertising duopoly, though at enterprise value 22.4-times his expected forward revenue, he prefers to remain at Hold.
Notable open interest changes for August 10th » 08:5508/1008/10/20
INTC, FB, AAPL, T
Friday's total option volume of 34.6 million contracts resulted in net open interest growth of 4.40 million calls and 3.83 million puts. Intel (INTC), Facebook (FB), Apple (AAPL) and AT&T (T) saw the greatest growth. Top five new positions opened include 59k Intel (INTC) Sep-20 47.5 calls, 58k Intel (INTC) Sep-20 47.5 puts, 35k AT&T (T) 8/14 weekly 29.5 puts, 32k AT&T (T) 8/14 weekly 30.5 calls and 32k Bank of America (BAC) Sep-20 30 calls.
ADT Inc price target raised to $16 from $10 at RBC Capital » 08:4708/1008/10/20
RBC Capital analyst Seth…
RBC Capital analyst Seth Weber raised the firm's price target on ADT Inc (ADT) to $16 from $10 and keeps an Outperform rating on the shares. The upside in the company's Q2 results and raised FY20 guidance reflects the company's improving performance in spite of the challenging macro conditions, the analyst tells investors in a research note. Weber further notes that ADT's recent partnership with Google (GOOGL) is a "compelling next step" in the company's evolution, supportive of a higher valuation in its stock.
Trump Administration likely to grant license to Qualcomm, says KeyBanc » 07:1808/1008/10/20
QCOM, INTC, MU, XLNX
Following a recent Wall…
Following a recent Wall Street Journal article saying Qualcomm (QCOM) has increased lobbying efforts focused on allowing sales of chipsets into Huawei, KeyBanc analyst John Vinh says he thinks it is "highly likely" that the Trump Administration will ultimately grant a license to Qualcomm, as the company argues that if it does not receive a license, Huawei will buy chips from foreign competitors, namely MediaTek, implying that the current policy is unfairly impacting U.S. companies. Additionally, the Administration has shown restraint when a policy indicates negative impact on U.S. companies and the U.S. has already granted licenses to other companies, namely Intel (INTC), Micron (MU), and Xilinx (XLNX), Vinh contends, adding that as such he sees no compelling reason as to why Qualcomm would be excluded. Further, the analyst believes Huawei is working to develop Qualcomm chips into its flagship model, and estimates that granting an export license to Qualcomm would add an incremental $1.38B QCT revenue with 25M units shipped.
Survey indicates strengthening recovery in Apple iPhone sales, says KeyBanc » 07:0208/1008/10/20
AAPL, AVGO, QCOM, SWKS, SYNA
KeyBanc analyst John Vinh…
KeyBanc analyst John Vinh says his Key First Look Data indicates a strengthening recovery in Apple (AAPL) iPhone sales in July, despite increased Apple store closures. Strong month-over-month recovery at brick-and-mortar stores was supported by buy-online-pick-up-in-store as online sales also recovered month-over-month, offsetting worsening COVID-19 trends, he adds. His latest carrier store survey indicates demand is picking up as sell-through demand largely tracked in line to slightly above store expectations. While sell-through year-over-year remains down compared to pre-COVID-19 levels, store inventories remain at healthy levels. Vinh views results as moderately positive for Broadcom (AVGO), Qualcomm (QCOM), Skyworks (SWKS), and Synaptics (SYNA).
Opera announces new partnership with Google My Business » 05:5508/1008/10/20
OPRA, GOOG, GOOGL
Opera (OPRA) said in a…
Opera (OPRA) said in a release, "Opera is extending its offering to help small and medium enterprises, or SMEs, in Nigeria to become easily discoverable online by announcing the launch of its new service Opera For Business. With Opera For Business SMEs can create an online profile of their business, tell their story to their customers online, and show accurate location as well as opening hours across Google's (GOOG, GOOGL) popular services such as Google Maps. The new offering of Opera also features a rich set of digital marketing and advertising services that will enable business owners to promote their enterprise to new and potential customers across the country. Opera is also extending its value proposition in Nigeria by partnering with Google My Business, a tool that helps businesses and organizations manage their online presence across Google properties, including Google Search and Google Maps."
Fly Intel: Top five weekend stock stories » 19:2908/0908/09/20
TWTR, MSFT, SPG, AMZN, JCP, SHLD, AAPL, SHOP, ZM, QCOM, EL, LEN, LEN.B, BF.A, BF.B, LBRDA, LBRDK, FWONA, FWONK
Catch up on the…
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Twitter (TWTR) has approached TikTok's Chinese owner ByteDance to express interest in acquiring the U.S. operations of the video-sharing app, Reuters' Greg Roumeliotis and Kanishka Singh reported, citing two people familiar with the matter. It is far from certain that Twitter would be able to outbid Microsoft (MSFT) and complete such a transformative deal in the 45 days that President Donald Trump has given ByteDance to agree to a sale, the sources said. Meanwhile, NPR's Bobby Allyn reported that TikTok is planning to sue the Trump administration, challenging President Trump's executive order banning the service from the United States. The video-sharing app will file the federal lawsuit as soon as Tuesday, according to a person familiar with the matter. NPR has learned that the lawsuit will argue that President Trump's far-reaching action is unconstitutional because it failed to give the company a chance to respond. It also alleges that the administration's national security justification for the order is baseless, according to the source. 2. Simon Property Group (SPG), the biggest mall owner in the U.S., has been in talks with Amazon (AMZN) to turn some of its anchor department-store spaces into Amazon fulfillment centers, The Wall Street Journal's Esther Fung and Sebastian Herrera reported, citing people familiar with the matter. Simon's discussions with the online retailer have been under way for months and began before the coronavirus pandemic, the people said. The two companies have explored converting stores formerly occupied by J.C. Penney (JCP) and Sears (SHLD) into Amazon distribution centers; in some cases, Simon and Amazon explored buying out occupied space from the retailers, sources added. 3. Apple (AAPL) shares came tantalizingly close to the historic $2T threshold this past week, Barron's Eric Savitz wrote in this week's edition of Barron's. For years, bulls asserted that Apple shares looked cheap on most typical valuation metrics, but the rally has driven the stock to its highest level in at least a decade based on whatever metric you want to use: price to earnings, price to sales, price to book, the author noted. Nonetheless, with Shopify (SHOP) trading for 50 times sales, Zoom Video (ZM) trading for 40 times and Microsoft trading for 10 times sales, Apple at $2T is no longer cheap but also not crazy, the report contended. 4. Qualcomm (QCOM) is lobbying the Trump administration to roll back restrictions on the sale of advanced components to Huawei Technologies, wading into the intensifying technology battle between the U.S. and China, The Wall Street Journal's Asa Fitch and Kate O'Keeffe reported. Qualcomm is telling U.S. policy makers their export ban won't stop Huawei from obtaining necessary components and just risks handing billions of dollars of Huawei sales to the U.S. firm's overseas competitors, according to a presentation reviewed by The Wall Street Journal that the company has been circulating around Washington. 5. Estee Lauder (EL), Lennar (LEN; LEN.B), Brown Forman (BF.A; BF.B), Liberty Broadband (LBRDA; LBRDK), Liberty Formula One (FWONA; FWONK) saw positive mentions in this week's edition of Barron's.
Qualcomm lobbying U.S. to sell chips for Huawei 5G phones, WSJ reports » 16:3608/0908/09/20
Qualcomm is lobbying the…
Qualcomm is lobbying the Trump administration to roll back restrictions on the sale of advanced components to Huawei Technologies, wading into the intensifying technology battle between the U.S. and China, The Wall Street Journal's Asa Fitch and Kate O'Keeffe report. Qualcomm is telling U.S. policy makers their export ban won't stop Huawei from obtaining necessary components and just risks handing billions of dollars of Huawei sales to the U.S. firm's overseas competitors, according to a presentation reviewed by The Wall Street Journal that the company has been circulating around Washington. Reference Link