-
Alphabet Delivers Strong Quarter Despite YouTube Protests
Friday, April 28, 2017 - 11:56am | 761Despite all doomsday predictions for Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) following the YouTube advertiser pullback controversy, the company turned in strong quarterly results. Impressive Ad Strength UBS analyst Eric Sheridan sees across-the-board strength in Google's first-quarter...
-
BMO Names Amazon New Top Pick, Downgrades Alphabet
Tuesday, April 4, 2017 - 9:41am | 512Daniel Salmon of BMO Capital Markets downgraded shares of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) from Outperform to Market Perform with a price target lowered from $1,005 to $880. Coinciding with Google's downgrade, the analyst named Amazon.com, Inc. (NASDAQ: AMZN) as the firm's new...
-
Why Google's YouTube Ad Controversy Is More Serious Than Facebook's Mis-Measured Metrics
Monday, March 27, 2017 - 10:06am | 345If Facebook Inc (NASDAQ: FB) managed to escape its ad controversy in which it inflated metrics relatively unscathed, can investors expect Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) to see a similar fate for its ad scandal as ads from notable brands are being shown alongside hate and even terrorist...
-
How Does 'YouTube TV' Affect The Google Investment Thesis?
Thursday, March 2, 2017 - 3:07pm | 412Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)’s YouTube TV has been long-expected — so much so that Tuesday’s announcement of its impending release had no effect on BMO Capital Markets’ company thesis. Analyst Daniel Salmon wrote in a BMO note that the firm has few financial...
-
How Baseball, 'Deadpool' Drove 21st Century Fox's Q2 Beat; Super Bowl To Add $400 Million Revenue In Q3
Tuesday, February 7, 2017 - 1:25pm | 498BMO Capital maintains its Outperform rating on Twenty-First Century Fox Inc (NASDAQ: FOXA) following its $0.04 EPS beat in its second quarter, driven by the World Series, Fox News ratings and "Deadpool." However, shares were down after the company's total revenue fell short of the Street's view...
-
BMO Boosts Target On Alphabet To $1,000 Ahead Of Thursday's Earnings
Monday, January 23, 2017 - 12:41pm | 306In a positive bias ahead of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)’s earnings report Thursday, BMO raised its target price to $1000 from $960 on upcoming changes to YouTube advertising. Bullish BMO Google announced that it will develop a new cloud-based, cross-device measurement solution...
-
Netflix Bulls Win The Day As Subs Data Outweigh Competition Concerns
Thursday, January 19, 2017 - 3:27pm | 397Netflix, Inc. (NASDAQ: NFLX) shares set a new 52-week high of $143.46 as investors put the free cash flow and competition concerns on the backburner and rather focused on better-than-expected subscriber additions. Print Highlights Here are some highlights of Netflix’s Q4 earnings: Netflix...
-
Wall Street Has Absolutely No Idea What To Make Of Disney
Wednesday, January 18, 2017 - 2:45pm | 637Walt Disney Co (NYSE: DIS)'s shares had a roller coaster ride in 2016, which ended with a loss of 0.82 percent. Fundamental performance was also lackluster, with the company reporting below-consensus results in the fiscal second and fourth quarters of 2016, while it trumped estimates in the first...
-
BMO Says Sell Disney, Wall Street Is Too Excited For 2018 Films
Wednesday, January 18, 2017 - 9:50am | 309Sentiment for Walt Disney Co (NYSE: DIS) shares has turned positive on management commentary of ESPN subscriber trends and a robust 2018 film slate, BMO Capital Markets’ Daniel Salmon said in a report. He downgraded the rating on the company from Market Perform to Underperform, while reducing...
-
Some Question Whether Netflix Can Compete With Amazon Prime's Low Price
Friday, December 16, 2016 - 8:01am | 563Wall Street expects Netflix, Inc. (NASDAQ: NFLX) to be under pricing pressure following Amazon.com, Inc. (NASDAQ: AMZN)’s announcement that its Prime Video is now available in 200-plus countries at the aggressive launch price of $2.99 per month for the first six months, and $5.99 thereafter...
-
BMO Downgrades CBS, Highlights New Media's Pecking Order
Wednesday, November 23, 2016 - 11:27am | 248BMO Capital Markets downgraded shares of CBS Corporation (NYSE: CBS) citing valuation. The firm said it believes the best mix shift story in media is fairly valued and that CBS will become a deal stock with Viacom, Inc (NASDAQ: VIAB). Analyst Daniel Salmon clarified that the outcome is not...
-
BMO Lowers Facebook's Price Target To $125 Following Cautious Guidance
Thursday, November 3, 2016 - 10:01am | 288Following comments regarding a “leveling off” in ad load growth in H2 2017, Facebook Inc (NASDAQ: FB) indicated there was likely to a “material” ad revenue growth deceleration in 2017. BMO Capital’s Daniel Salmon maintained a Market Perform rating on the company,...
-
Yahoo Reports Q3 Beat: Your Move, Verizon
Wednesday, October 19, 2016 - 10:45am | 376Yahoo! Inc. (NASDAQ: YHOO) reported its Q3 results and issued its adjusted EBITDA guidance for Q4 ahead of expectations. BMO Capital’s Daniel Salmon maintains a Market Perform rating on the company with a price target of $44. Q3 Results Yahoo reported its ex-TAC revenue for Q3:16, however,...
-
5 Potential M&A Deals In The Media And Internet Space
Monday, October 17, 2016 - 1:42pm | 537M&A has been the key theme for media and internet stocks in 2016. In a new note, BMO analyst Daniel Salmon gives his take on the potential deals running through the rumor mill. According to Salmon, a potential merger between Viacom, Inc. (NASDAQ: VIAB) and CBS Corporation (NYSE: CBS) could make...
-
Disney's ESPN Woes Could Continue In The New Year
Monday, October 17, 2016 - 12:03pm | 414Daniel Salmon, a media and internet analyst with BMO Capital Markets isn't optimistic about Walt Disney Co (NYSE: DIS)'s ESPN outlook. In a research report, Salmon suggested that ESPN represents around 65 percent of Disney's domestic affiliate fees, and ESPN2 adds another 5 percent. According to...