PayPal initiated with an Outperform at Credit Suisse » 16:1301/2301/23/20
Credit Suisse analyst…
Credit Suisse analyst Timothy Chiodo initiated coverage of PayPal with an Outperform rating and $135 price target.
Zynga call volume above normal and directionally bullish » 14:2501/2301/23/20
Bullish option flow…
Bullish option flow detected in Zynga with 15,650 calls trading, 4x expected, and implied vol increasing over 4 points to 42.31%. Feb-20 6 calls and Jun-20 7 calls are the most active options, with total volume in those strikes near 11,500 contracts. The Put/Call Ratio is 0.34. Earnings are expected on February 5th.
Waymo self-driving vans and long-haul trucks coming to New Mexico and Texas » 11:4101/2301/23/20
In an earlier tweet,…
In an earlier tweet, Waymo said:"This week, we'll start driving our Chrysler Pacificas and long-haul trucks in Texas and New Mexico. These are interesting and promising commercial routes, and we'll be using our vehicles to explore how the Waymo Driver might be able to create new transportation solutions." Waymo is a self-driving technology development company. It is a subsidiary of Alphabet. Reference Link
SunTrust technology analysts to hold an analyst/industry conference call » 10:2501/2301/23/20
Analysts, along with…
Analysts, along with representatives from Merkle, provide insights into Facebook and Google ahead of earnings on an Analyst/Industry conference call to be held on January 23 at 11 am.
Notable open interest changes for January 23rd » 08:5501/2301/23/20
TSLA, GE, NIO, T
Wednesday's total option volume of 22.8 million contracts resulted in net open interest growth of 3.74 million calls and 4.19 million puts. Tesla (TSLA), General Electric (GE), NIO (NIO) and AT&T (T) saw the greatest growth. Top five new positions opened include 94k Teva (TEVA) Feb-20 11.5 puts, 48k Cisco (CSCO) Jan-21 30 puts, 41k General Electric (GE) Jun-20 15 calls, 41k General Electric (GE) Jun-20 13 calls and 31k AT&T (T) Feb-20 39 puts.
PayPal acceptance gap widens against Amazon, Bitcoin, says Morgan Stanley » 08:4201/2301/23/20
PYPL, AMZN, BTC
Morgan Stanley analyst…
Morgan Stanley analyst James Faucette noted that PayPal (PYPL) added another 8 merchants in the fourth quarter, which is the most among the digital wallets he tracks. PayPal is now accepted at 79% of the top 500 internet retailers in the U.S., which compares to Amazon Pay being accepted at 14% of those merchants and Bitcoin acceptance being unchanged at 6 of the top 500 internet retailers, according to Faucette. The analyst, who thinks the widening acceptance gap bodes well for PayPal, keeps an Overweight rating on the stock.
American Society of Clinical Oncology to hold a symposium » 08:1201/2301/23/20
AMZN, AGIO, AZN, BAYRY, BMY, CELG, DNA, DSNKY, ERYP, ESALY, EXEL, FGEN, HSDEF, INCY, LXRX, MRK, NTRA, NVTA, PFE, PGNX, SGEN, TROV
2020 Gastrointestinal Cancers Symposium will be held in San Francisco on January 23-25.
AWS goes to court to pause JEDI deal, decision to remain unchanged, says Wedbush » 07:4401/2301/23/20
Wedbush analyst Daniel…
Wedbush analyst Daniel Ives notes that as expected Amazon (AMZN) has filed a motion in court to pause the landmark $10B JEDI Pentagon deal that was awarded to Microsoft (MSFT). This action is on the heels of the formal protest that AWS has launched within the DOD/federal courts around the heated JEDI procurement process with hopes to change the outcome, he notes, adding that AWS claims it did not win the JEDI contract as a result of Trump's repeated public and private attacks against Amazon and, specifically, around Jeff Bezos. While this will cause noise and delay to the official start of the JEDI deal, Ives firmly does not believe this will change the decision. While Amazon will continue to fight this issue in "JEDIgate" and possibly drag out the inevitable start of JEDI, the analyst ultimately believes this is a paradigm changer for Microsoft who will remain the lone winner. He maintains an Outperform rating and $195 price target on Microsoft shares.
Nvidia price target raised to $300 from $240 at UBS » 07:3001/2301/23/20
UBS analyst Timothy…
UBS analyst Timothy Arcuri raised his price target on Nvidia to $300 and kept his Buy rating, saying that in spite of the stock outperforming the SOX and S&P 500 by 9% and 17% respectively over the past 3 months, he sees further upside. The analyst believes that the consensus view continues to appear conservatively with a path toward $10 in 2021 earnings thanks to the company's new 7nm Ampere product cycle in both data center and gaming businesses.
France, U.S. reach deal to move ahead with OECD digital tax talks, Reuters says » 06:3001/2301/23/20
GOOGL, GOOG, AAPL, FB, AMZN
French Finance Minister…
French Finance Minister Bruno Le Maire says France has reached an agreement with the U.S. on the basis for future talks over a global digital tax, at the OECD-level, Reuters' Sudip Kar-Gupta reports. "We had long talks this morning with the U.S. Treasury Secretary and the OECD Secretary General, and I am happy to announce to you that we have found an agreement between France and the United States, providing the basis for work on digital taxation at the OECD," Le Maire said at the World Economic Forum in the Swiss resort of Davos. Reference Link