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SQ

Square

$247.09 /

-8.065 (-3.16%)

, AFTPF

Afterpay

$73.50 /

-0.1 (-0.14%)

20:02
08/01/21
08/01
20:02
08/01/21
20:02

Fly Intel: Top five weekend stock stories

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Square (SQ) and Afterpay (AFTPF) announced that they have entered into a Scheme Implementation Deed under which Square has agreed to acquire all of the issued shares in Afterpay by way of a recommended court-approved Scheme of Arrangement. The transaction has an implied value of approximately $29B based on the closing price of Square common stock on July 30, 2021, and is expected to be paid in all stock. The acquisition aims to enable the companies to better deliver compelling financial products and services that expand access to more consumers and drive incremental revenue for merchants of all sizes. The closing of the transaction is expected in the first quarter of calendar year 2022, subject to the satisfaction of certain closing conditions. 2. Zoom Video (ZM) agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming it violated users' privacy rights by sharing personal data with Facebook (FB), Google (GOOGL) and LinkedIn (MSFT), and letting hackers disrupt Zoom meetings in a practice called Zoombombing, Reuters' Jonathan Stempel reported. A preliminary settlement filed on Saturday afternoon requires approval by U.S. District Judge Lucy Koh in San Jose, California, the report added. 3. It took a while, but early last week investors recognized the increased risk embedded in Chinese stocks, after they tumbled in reaction to regulators' latest focus: after-school tutoring companies, Reshma Kapadia wrote in this week's edition of Barron's. The losses slowed later in the week as Beijing tried to calm markets, but the risks will remain elevated until more clarity on China's regulatory push emerges, the author contended. Antimonopoly efforts and increased data scrutiny have sent newly public DiDi Global (DIDI) crashing and forced a reassessment of the growth prospects of Alibaba (BABA) and Tencent (TCEHY). Shares of Tal Education Group (TAL) and New Oriental Education & Technology Group (EDU) are also down about 90% this year after China's draconian crackdown on the tutoring sector upended their businesses and painfully illustrated how even fundamentally sound investments can quickly turn into losers when the state steps in, the publication added. 4. Disney's (DIS) "Jungle Cruise" won this weekend's domestic box office with a better-than-expected opening of $34.2M amid renewed COVID-19 concerns over the delta variant. Worldwide the movie earned a total of $61.8M for a global start of $91.8M when including $30M in revenue from Disney+ Premier Access. "Jungle Cruise" stars Dwayne Johnson and Emily Blunt. 5. GlaxoSmithKline (GSK) and Atlas Technical Consultants (ATCX) saw positive mentions in this week's edition of Barron's.

SQ

Square

$247.09 /

-8.065 (-3.16%)

AFTPF

Afterpay

$73.50 /

-0.1 (-0.14%)

ZM

Zoom Video

$378.21 /

-7.75 (-2.01%)

FB

Facebook

$356.34 /

-2.07 (-0.58%)

GOOG

Alphabet

$2,704.79 /

-25.96 (-0.95%)

GOOGL

Alphabet Class A

$2,694.99 /

-20.91 (-0.77%)

MSFT

Microsoft

$285.00 /

-1.485 (-0.52%)

DIDI

DiDi

$10.31 /

+0.46 (+4.67%)

BABA

Alibaba

$195.20 /

-2.39 (-1.21%)

TCEHY

Tencent

$61.20 /

-0.77 (-1.24%)

TAL

TAL Education

$6.07 /

+0.195 (+3.32%)

EDU

New Oriental Education

$2.18 /

-0.04 (-1.80%)

DIS

Disney

$176.04 /

-2.31 (-1.30%)

GSK

GlaxoSmithKline

$40.15 /

+0.05 (+0.12%)

ATCX

Atlas Technical Consultants

$8.94 /

-0.35 (-3.77%)

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SQ Square
$247.09 /

-8.065 (-3.16%)

07/26/21 Evercore ISI
Square price target raised to $353 from $317 at Evercore ISI
07/15/21 Mizuho
Buying Square could be like buying JPMorgan in 1871, says Mizuho
07/09/21 DA Davidson
DA Davidson says buy Square on any BTC-related weakness
06/24/21 Mizuho
Marqeta initiated with a Neutral at Mizuho
AFTPF Afterpay
$73.50 /

-0.1 (-0.14%)

07/13/21 Truist
Affirm shares overreacting to headline risk of Apple competition, says Truist
06/24/21 DA Davidson
Afterpay initiated with a Buy at DA Davidson
04/21/21 Bernstein
Afterpay initiated with an Underperform at Bernstein
04/16/21 Seaport Global
Affirm upgraded to Buy following pullback at Seaport Global
ZM Zoom Video
$378.21 /

-7.75 (-2.01%)

07/30/21 MKM Partners
Upwork price target raised to $65 from $58 at MKM Partners
07/29/21 KeyBanc
KeyBanc upgrades Zoom with $428 target on 'future hybrid work state'
07/29/21 KeyBanc
Zoom Video upgraded to Overweight from Sector Weight at KeyBanc
07/28/21 Piper Sandler
Five9 downgraded to Neutral from Overweight at Piper Sandler
FB Facebook
$356.34 /

-2.07 (-0.58%)

07/29/21 Truist
Facebook price target raised to $425 from $400 at Truist
07/29/21 Wedbush
Facebook reports strong growth but less than peers, says Wedbush
07/29/21 Evercore ISI
Facebook price target raised to $450 from $400 at Evercore ISI
07/29/21 KeyBanc
Facebook price target raised to $420 from $414 at KeyBanc
GOOG Alphabet
$2,704.79 /

-25.96 (-0.95%)

07/29/21 Wells Fargo
Facebook price target raised to $450 from $415 at Wells Fargo
07/29/21 Morgan Stanley
Facebook price target raised to $400 from $375 at Morgan Stanley
07/28/21 Wedbush
Alphabet price target raised to $3,424 from $3,127 at Wedbush
GOOGL Alphabet Class A
$2,694.99 /

-20.91 (-0.77%)

07/29/21 Argus
Alphabet price target raised to $3,100 from $2,800 at Argus
MSFT Microsoft
$285.00 /

-1.485 (-0.52%)

07/28/21 JPMorgan
Microsoft price target raised to $310 from $300 at JPMorgan
07/28/21
Fly Intel: Top five analyst initiations
07/28/21 BMO Capital
Microsoft price target raised to $325 from $290 at BMO Capital
07/28/21 Wedbush
Wedbush bullish on Microsoft following 'robust' results, guidance
DIDI DiDi
$10.31 /

+0.46 (+4.67%)

07/28/21 Alliance Global Partners
Alliance Global Partners bullish on Aurora Mobile despite regulatory changes
07/28/21 Alliance Global Partners
iClick Interactive price target lowered to $15 from $21 at Alliance Global
07/26/21 Atlantic Equities
Atlantic Equities downgrades DiDi to Neutral amid active investigations
07/26/21 Atlantic Equities
DiDi downgraded to Neutral from Overweight at Atlantic Equities
BABA Alibaba
$195.20 /

-2.39 (-1.21%)

07/27/21 Mizuho
Mizuho says China's education crackdown won't carry over to other sectors
07/27/21 DZ Bank
Alibaba downgraded to Sell from Buy at DZ Bank
07/13/21 Deutsche Bank
Deutsche Bank trims Alibaba target, sees 'soft quarter ahead'
TCEHY Tencent
$61.20 /

-0.77 (-1.24%)

07/27/21 DZ Bank
Tencent downgraded to Sell from Buy at DZ Bank
07/13/21 China Renaissance
Tencent assumed with a Buy at China Renaissance
TAL TAL Education
$6.07 /

+0.195 (+3.32%)

07/27/21 Deutsche Bank
TAL Education downgraded on China restrictions at Deutsche Bank
07/27/21 Daiwa
TAL Education downgraded to Hold from Buy at Daiwa
07/26/21 Deutsche Bank
TAL Education downgraded to Hold from Buy at Deutsche Bank
07/26/21 BofA
TAL Education downgraded to Underperform from Buy at BofA
EDU New Oriental Education
$2.18 /

-0.04 (-1.80%)

07/27/21 Deutsche Bank
New Oriental Education downgraded on China restrictions at Deutsche Bank
07/27/21 Daiwa
New Oriental Education downgraded to Hold from Buy at Daiwa
07/26/21 Deutsche Bank
New Oriental Education downgraded to Hold from Buy at Deutsche Bank
07/26/21 BofA
New Oriental Education downgraded to Neutral from Buy at BofA
DIS Disney
$176.04 /

-2.31 (-1.30%)

07/14/21 Tigress Financial
Disney shares can hit $227 within 12 months, says Tigress Financial
07/13/21 KeyBanc
D2C video services best positioned to capture industry economics, says KeyBanc
06/29/21 MoffettNathanson
Netflix needs ad-supported tier or live sports, says MoffettNathanson
06/23/21 Needham
Netflix stance on ads 'materially value-destructive,' says Needham
GSK GlaxoSmithKline
$40.15 /

+0.05 (+0.12%)

07/19/21 Barclays
GlaxoSmithKline price target raised to 1,300 GBp from 1,250 GBp at Barclays
07/06/21 Morgan Stanley
GlaxoSmithKline price target raised to 1,590 GBp at Morgan Stanley
07/06/21 Citi
Alector price target raised to $43 from $31 at Citi
07/02/21 Goldman Sachs
GSK collaboration 'positive' for Alector, says Goldman Sachs
ATCX Atlas Technical Consultants
$8.94 /

-0.35 (-3.77%)

01/08/21
Fly Intel: Top five analyst initiations
01/08/21 Stifel
Atlas Technical Consultants initiated with a Buy at Stifel
08/11/20 DA Davidson
Atlas Technical Consultants upgraded to Buy from Neutral at DA Davidson
08/11/20 DA Davidson
Atlas Technical Consultants upgraded to Buy from Neutral at DA Davidson

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