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Stock Market & Financial Investment News

News Breaks
June 26, 2014
10:43 EDTEBAY, AMZN, FB, YHOO, NFLX, GOOG, LNKD, TWTRBarclays pans Netflix while rolling out Internet stock ratings
Barclays initiated coverage on eight large Internet stocks today, recommending shares of Facebook (FB), Google (GOOG) and Twitter (TWTR) while advising against owning Netflix (NFLX). OPTIMISTIC OUTLOOK: Google is better positioned to benefit from emerging trends than "almost any other company," Barclays analyst Paul Vogel wrote. The company either dominates or is a major player in almost every major Internet theme, and its valuation is reasonable, leaving the shares well-positioned to advance further, the analyst wrote. He initiated the stock with a $650 price target and Overweight rating. Meanwhile, Facebook's user growth has been healthy and its engagement levels have continued to improve, while its execution has been strong, according to Vogel. The social media giant should benefit from a number of major trends - including social, mobile, identification and personalization - and its website has become habit forming, the analyst believes. He started coverage of the name with a $78 price target and Overweight rating. Twitter has become appealing to large groups of users, and the company can significantly expand its revenue as it incorporates new types of advertising into its platform, according to the analyst. He started coverage of the stock with a $46 price target and Overweight rating. CAUTIOUS OUTLOOK: Netflix (NFLX) has a good product, but the stock's valuation is high and the company has lofty subscriber growth targets and faces a great deal of competition, the analyst believes. Moreover, the fees that Netflix has to pay to Internet Service Providers may rise significantly, the analyst warned. Netflix's stock is less attractive than the other Internet stocks the firm initiated today but is not likely to drop more than 5%, the analyst stated. He initiated coverage of the stock with a $420 price target and Underweight rating. OTHER INITIATIONS: Vogel started coverage of LinkedIn (LNKD) with a $175 price target and Equal Weight rating, started coverage of eBay (EBAY) with a $54 price target and Equal Weight rating, initiated Yahoo (YHOO) with a $35 price target and Equal Weight rating, and started Amazon.com (AMZN) with a $330 price target and Equal Weight rating. PRICE ACTION: In mid-morning trading, Google lost 0.5% to $583, Facebook was little changed at $67, Netflix fell 1% to $440, Twitter advanced 3% to $41, LinkedIn fell 1% to $169, eBay was little changed at $49, Yahoo rose 0.5% to $33.35, and Amazon fell 1% to $325.
News For GOOG;FB;TWTR;NFLX;AMZN;LNKD;YHOO;EBAY From The Last 14 Days
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March 16, 2015
16:18 EDTLNKDFollow-up: LinkedIn initiated with a Sell at Brean Capital
As previously reported, Brean Murray initiated Linkedin with a Sell and $208 price target. The firm believes expectations for Sales Navigator are too high and core site "browsability" is lacking.
16:14 EDTFBFacebook initiated with a Buy at Brean Capital
Brean Murray initiated Facebook with a Buy rating and $96 price target based on expectations of continued growth through pricing leverage, continued expansion, and monetization of acquired platforms including Instagram and WhatsApp.
16:14 EDTLNKDLinkedIn initiated with a Sell at Brean Capital
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16:00 EDTFB, AMZN, TWTROptions Update; March 16, 2015
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14:13 EDTGOOGApple to offer Android users rebates to switch to iPhones, 9to5Mac says
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13:56 EDTTWTRChances of Twitter launching fee-based service increasing, analyst says
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11:01 EDTLNKDLinkedIn acquires Careerify, terms not disclosed
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10:50 EDTTWTR, LNKDKing Digital seen benefiting from user base larger than Twitter, LinkedIn
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10:44 EDTAMZN, NFLX, YHOONetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
10:28 EDTNFLXOptions with increasing implied volatility
Options with increasing implied volatility: PVA NFLX BMRN DNOW MYL TEVA PEP GE
10:02 EDTNFLXOn The Fly: Analyst Downgrade Summary
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09:37 EDTTWTR, FB, NFLXActive equity options trading on open
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09:26 EDTFBFacebook to update rules on prohibited content, NY Times says
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08:55 EDTFBFacebook purchase of Instagram proving to be a steal, says BofA/Merrill
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08:37 EDTTWTRTwitter verified offering becoming more likely, says Pacific Crest
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07:52 EDTNFLXNetflix downgraded at Evercore ISI
As previously reported, Evercore ISI downgraded Netflix to Sell from Hold. The firm downgraded shares and reduced its price target to $380 from $450 due to increasing competition among existing and emerging distributors combined with content providers who are becoming increasingly leveraged to new channels through OTT offerings of their own. Evercore ISI believes intensifying competition will necessitate increased investment with uncertain returns and lowered estimates.
06:32 EDTYHOOYahoo developing encrypted email service, WSJ says
Yahoo is developing an encrypted email service and expects to launch by the end of 2015, reports the Wall Street Journal's Digits blog, citing statements by Chief Information Security Officer Alex Stamos given at the South by Southwest conference. Stamos said the service will scramble the content of the message, though it will not hide the subject line nor data on when and to whom the email was sent. The service will be separate from Yahoo's current email product. Reference Link
06:16 EDTNFLXNetflix downgraded to Sell from Hold at Evercore ISI
06:11 EDTTWTRTwitter blocks Meerkat access to social network data, Buzzfeed says
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06:11 EDTFBFacebook implied volatility of 25 at lower end of index mean range
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