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Amazon Earnings Preview: Will Q4 Report Satisfy Investors?
Wednesday, January 31, 2018 - 4:36pm | 931Online retail giant Amazon.com, Inc. (NASDAQ: AMZN) is due to release its fourth-quarter fiscal 2017 results after the close Thursday, Feb. 1. Consensus Q4 Estimates EPS: $1.84. Revenue: $59.81 billion. Full Year 2017 Estimates EPS: $4.25. Revenue: $...
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Canaccord Genuity's Q4 FANG Earnings Preview
Sunday, January 28, 2018 - 4:51pm | 1067Netflix, Inc. (NASDAQ: NFLX) gave a thumping start to the fourth-quarter FANG reporting season, with stellar subscriber growth and in-line earnings. More importantly, the company's first-quarter outlook for earnings, revenues and subscriber additions were all notably above Street estimates,...
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What You Need To Know About Bitcoin Cash Today
Wednesday, December 20, 2017 - 11:30am | 644The price of bitcoin plummeted 10 percent Tuesday after popular cryptocurrency trading platform Coinbase announced it would be supporting bitcoin rival Bitcoin Cash. The announcement seemed to trigger a flood of cash from bitcoin to Bitcoin Cash, which surged 50 percent overnight. Bitcoin Cash has...
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What's The Difference Between Bitcoin And Bitcoin Cash? Which Is The Better Investment?
Tuesday, November 28, 2017 - 3:00pm | 489Bitcoin is getting tons of headlines and investor attention in 2017 as it pushes toward the $10,000 level for the first time. Some investors are hoping that bitcoin offshoot Bitcoin Cash will ultimately be the better play. Here’s a look at the difference between bitcoin and Bitcoin Cash and...
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Wall Street Is Pulling Back, But This Analyst Believes In Pandora's Story
Friday, November 3, 2017 - 12:22pm | 349Shares of Pandora Media Inc (NYSE: P) lost around one-quarter of their value Friday in reaction after the streaming service reported third-quarter EPS and sales misses. Not all of Wall Street wants to change the station. Count Canaccord Genuity's Michael Graham among them: He maintained a Buy...
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Blue Apron Impresses The Street In Q3 Report
Thursday, November 2, 2017 - 9:43am | 493Blue Apron Holdings, Inc. (NYSE: APRN) reported third-quarter results Thursday before the open, sending shares higher by more than 5 percent. Granted, the stock is down more than 50 percent since its post-IPO highs, but the earnings report could be seen by some as a turning point. Blue...
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What Wall Street Analysts Think About Amazon's Post-Earnings Prospects
Friday, October 27, 2017 - 2:43pm | 683Amazon.com, Inc. (NASDAQ: AMZN)'s stock spiked more than 12 percent Friday after the company reported third-quarter numbers that clearly impressed the market. A number of Wall Street analysts weighed in on Amazon following the report. Here’s a rundown of what they had to say. Voices...
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A FANG Stock Q3 Earnings Preview
Friday, October 13, 2017 - 4:14pm | 733Investor attention will likely shift away from bank stocks next week, as the "FANG" group is on deck to report earnings. In a preview of the earnings reports, Canaccord Genuity analyst Michael Graham said that while there's a "constructive" backdrop for the companies,...
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These Analysts Still Have An Appetite For Blue Apron
Saturday, August 12, 2017 - 2:47pm | 558Notwithstanding the abysmal showing by Blue Apron Holdings Inc (NYSE: APRN)'s stock since its listing on June 29 and the mixed quarterly results from the company, RBC Capital Markets and Canaccord Genuity analysts still have appetite for the shares of the company. RBC Capital Markets maintains...
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Q2 Beat From Square May Not Push Stock Significantly Higher
Thursday, August 3, 2017 - 12:03pm | 687Despite reporting a second-quarter earnings beat, Square Inc (NYSE: SQ) still hasn’t found a bull at Credit Suisse. Analyst Paul Condrareiterated a Neutral rating on the shares and raised his price target from $25 to $26, just 40 cents above Thursday’s open. The ‘Numbers Were...
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What Was Bullish Vs. Bearish In Pandora's Q2 Beat
Tuesday, August 1, 2017 - 11:25am | 519Pandora Media Inc (NYSE: P)'s earnings report Monday contained a mix of good and bad that will likely leave investors debating the company's outlook. The Bullish Take The streaming music company showed a notable improvement during the quarter in its advertising business as Ad RPMs...
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Analyst: Snap's Lockup Could Be A 'Bottoming Event' For The Stock, Not A 'Negative Event'
Monday, July 31, 2017 - 2:45pm | 396Shares of Snap Inc (NYSE: SNAP) briefly traded in positive territory on Monday as investors reacted, clearly nervous over the stock's lockup expiration. But investors who are looking at the expiration as a negative event may be wrong in their thinking, at least according to Canaccord Genuity's...
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Alphabet Sees Strong Growth, But Not Everyone On The Street Is Rushing To Buy
Tuesday, July 25, 2017 - 1:17pm | 591Analysts at Wells Fargo aren't fazed by the 3-percent decline in Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s stock after the company's earnings report. The firm's Peter Stabler maintains an Outperform rating on Alphabet's stock with an unchanged $1,150 price target. Alphabet's earnings report was...
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Factors Driving FANG Still Intact, But Macro Backdrop More Mixed
Thursday, June 15, 2017 - 10:54am | 565Canaccord analyst, Michael Graham, took another look at the “overvalued” FANG stocks — Facebook Inc (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Netflix, Inc. (NASDAQ: NFLX), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) — and still sees potential upside among the group....
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Canaccord Downgrades Google: 4 Reasons This FANG Stock Gets The Bite
Thursday, June 15, 2017 - 9:51am | 357As FANG stocks continue to outperform the S&P despite the fear of another tech bubble, Canaccord analyst Michael Graham has downgraded Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) to Hold with a $1,000 price target. While Graham believes investors should be fine holding shares of Google this...