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Fly News Breaks for August 9, 2019
Aug 9, 2019 | 13:26 EDT
DA Davidson analyst Tom Forte views the upcoming departure of CFO Lanny Baker as "another indication that Yelp (YELP) may be sold." Forte believes the company could be worth as much as $60 per share in a buyout. Yelp in afternoon trading is up 8%, or $2.93, to $37.76. Of the companies he covers, Forte says Yelp is the most likely to be sold given the low price of its shares, the involvement of an activist, and its strategic value to potential acquirers like (AMZN), Apple (AAPL), Facebook (FB) or Alphabet (GOOG, GOOGL). The analyst has a Buy rating on Yelp with a $48 price target.
News For YELP;AMZN;AAPL;FB;GOOG;GOOGL From the Last 2 Days
Sep 17, 2019 | 07:07 EDT
Apple (AAPL) announced it is awarding $250M from its advanced manufacturing fund to Corning (GLW), supplier of precision glass for iPhone, Apple Watch and iPad. The award builds on the $200M the company received from Apple's advanced manufacturing fund in May 2017. The combined investment supports Corning's research and development into glass processes, equipment and materials integral to the delivery of next-generation consumer devices. Glass for every generation of iPhone which will be available later this week, has been made at Corning's Harrodsburg, Kentucky plant.
Sep 17, 2019 | 07:00 EDT
Susquehanna analyst Shyam Patil upgraded Snap (SNAP) to Neutral from Negative and boosted his price target for the shares to $18 from $12. The stock closed Monday down 24c to $15.76. The analyst's recent advertising channel checks have suggested that Snap's "solid" growth has continued in Q3 with expectations for continued progress in Q4. The checks also show that Facebook's (FB) Instagram Stories "has lowered barriers" for SNAP Stories adoption, Patil tells investors in a research note. The analyst, who also expect Snap's net addition momentum to continue in the second half of 2019, says the stock's valuation is keeping him from getting even more constructive.
Sep 17, 2019 | 06:28 EDT
Citi analyst Nicholas Jones started Angi Homeservices (ANGI) with a Neutral rating and $9.50 price target. Risk of an economic downturn, the company's ability to shift consumer behavior, and the threat of Alphabet's (GOOG, GOOGL) Google remain risks to Angi's business, Jones tells investors in a research note.
Sep 16, 2019 | 14:46 EDT
In a regulatory filing released on Friday, September 13, Apple (AAPL) disclosed that Disney (DIS) CEO Bob Iger had resigned from the board of Apple. While this news... To see the rest of the story go to See Story Here
Sep 16, 2019 | 08:55 EDT
Friday's total option volume of 20.6 million contracts resulted in net open interest growth of 3.13 million calls and 2.98 million puts. Bank of America (BAC), Apple (AAPL), AT&T (T) and ON Semiconductor (ON) saw the greatest growth. Top five new positions opened include 44k ON Semiconductor (ON) Apr-20 25 calls, 25k AT&T (T) Jan-20 40 calls, 24k Taiwan Semi (TSM) Sep-19 46 calls, 17k Vale (VALE) Oct-19 13 calls and 16k Bank of America (BAC) Dec-19 33 calls.
Sep 15, 2019 | 16:22 EDT
Apple TV+ premiered its first show at the Tribeca TV Festival, flaunting feminist snark, lavish period costumes and a star-studded cast in "Dickinson," a series that sheds a modern light on the life of an iconic American poet, Reuters' Gabriella Borter reports. Reference Link
Sep 15, 2019 | 07:40 EDT
Shares of Cloudflare surged 20% in its first trading day, closing Friday at $18 after being priced at $15 the day before. Meanwhile, SmileDirectClub’s stock... To see the rest of the story go to See Story Here