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The Fly is a leading digital publisher of real-time financial news. Our exclusive live streaming subscription service breaks the material information moving stocks. Our financial market experts understand that news impacting stock prices can originate from anywhere, at any time. The Fly team scours all sources of company news, from mainstream to cutting-edge, then filters out the noise to deliver short-form stories consisting of only market moving content. The Fly is your filter to the often complex world of stock news. Take a free 14-day trial and get all our breaking stock news and exclusive insights

The Fly

November 29, 2019

Paypal Seen Making ‘Bold Chess Move’ With ‘Sweet’ $4B Honey Deal

The acquisition is PayPal’s biggest purchase ever, surpassing last year’s $2.2B purchase of iZettle. Shares of PayPal (PYPL) are in focus on Thursday (Nov. 21) after the company announced plans to buy shopping and rewards platform Honey for $4B in cash. Following the announcement, one Wall Street analyst called the acquisition a “sweet deal,” while another said PayPal made a “bold move” with the purchase.

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The Fly

November 7, 2019

Analysts Skeptical Walgreens Can Pull Off A Go-Private Deal

Walgreens Boots Alliance has reached out to private equity firms about a deal that could take it private, according to media reports on Tuesday. Reuters’ Greg Roumeliotis, Mike Spector and Tatiana Bautzer reported that Walgreens has hired investment bank Evercore Partners (EVR).

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The Fly

October 24, 2019

Coca-Cola Upgrade, Walgreens Downgrade Among Top Analyst Calls

UBS analyst Sean King upgraded Coca-Cola (KO) to Buy from Neutral with a price target of $63, up from $55. The company is “effectively navigating” aggressive U.S. price increases, a transformational deal for Costa, and demonstrating strong innovation capabilities while reinvigorating growth in high-margin sparkling, King told investors in a research note.

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The Fly

October 17, 2019

Morgan Stanley Cuts ServiceNow Rating, Slack’s Target Amid Software Correction

Morgan Stanley sees unfavorable risk/reward for a lot of the “high fliers in software”Shares of ServiceNow (NOW) and Slack Technologies (WORK) are under pressure on Wednesday after Morgan Stanley analyst Keith Weiss downgraded the former to Equal Weight and lowered his price target on the latter to $28. Weiss believes ServiceNow is facing increasing near-term risks, while mixed second quarter results, increasing competition, weakening IT spending environment, and mixed commentary from management around converting free users to paying ones likely limit the multiple investors are willing to pay for Slack.

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The Fly

October 3, 2019

Spotify Rises Following Second Rating Upgrade In As Many Days

Shares of Spotify (SPOT) are on the rise on Wednesday after Credit Suisse analyst Brian Russo upgraded the stock to Neutral as he believes a third quarter subscriber miss is now priced in at current levels. Voicing a similar opinion, his peer at Evercore ISI also raised his rating on the shares to In Line on Tuesday, adding that the risk/reward is “increasingly balanced.”

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The Fly

September 26, 2019

#Socialstocks: Facebook Acquires CTRL-Labs, Snap’s ‘Project Voldemort’ Dossier

On Monday, Facebook (FB) announced the acquisition of CTRL-labs, a New York startup that specializes in allowing humans to control computers using their brains. “They will be joining our Facebook Reality Labs team where we hope to build this kind of technology, at scale, and get it into consumer products faster,” said Facebook VP of AR/VR Andrew “Boz” Bosworth in a post announcing the acquisition.

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The Fly

September 19, 2019

#SocialStocks: Facebook Clarifies Oversight Structure, Snap in talks to Add News

According to Facebook’s (FB) Brent Harris, Director of Governance and Global Affairs: “Today, we’re announcing more details on the structure of the Oversight Board and its relationship to Facebook in the form of a charter. This central governing document defines the board’s mandate and describes its relationship to Facebook. It establishes its membership, governance and decision-making authority, and it sets out parameters for things like the size, scope and power of the board.

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The Fly

September 12, 2019

#SocialStocks: Antitrust probe from state AGs, Facebook Dating launched in U.S.

On September 6, New York Attorney General Letitia James released a statement confirming the “bipartisan coalition” she’s leading investigating social media giant Facebook (FB) for antitrust issues: “Even the largest social media platform in the world must follow the law and respect consumers. I am proud to be leading a bipartisan coalition of attorneys general in investigating whether Facebook has stifled competition and put users at risk.

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The Fly

September 5, 2019

Game On: Analyst Says Buy Activision Blizzard On Restructuring Efforts

Electronic Arts removed from Wedbush’s Best Ideas List given few near-term catalysts. In a research note to investors, BMO Capital analyst Gerrick Johnson upgraded Activision Blizzard (ATVI) to Outperform from Market Perform and raised his price target on the shares to $60 from $43. The analyst also increased his fiscal year 2020 earnings per share view by 50c to $3.00 per share, saying he has a stronger conviction that the company’s restructuring efforts and its investment in core franchise titles like Call of Duty and World of Warcraft will yield improved financial performance.

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The Fly

August 22, 2019

Before The Move: Watch Craft Brew Ahead Of AB Inbev Offer Deadline

According to their 2016 brewing and distribution renewal agreement, Friday marks the deadline for AB InBev (BUD) to make a qualifying offer for Craft Brew Alliance (BREW) at a locked-in price of $24.50. Back in 2016, AB InBev partnered with Craft Brew Alliance and was given a deadline of August 23rd of this year to make a qualifying offer.

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The Fly

August 15, 2019

Street Fight: Analysts Diverge On CBS, Viacom After Companies Announce Merger

On Tuesday, CBS (CBS) and Viacom (VIAB) finally announced they have entered into a definitive agreement to combine in an all-stock merger, creating a company with over $28B in revenue. Following the news, Bernstein downgraded CBS to Underperform, while BMO Capital and Macquarie moved to the sidelines on CBS and Viacom, respectively.

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The Fly

August 2, 2019

#Socialstocks: Facebook To Pay $5B In FTC Deal, Snap Earnings Impress

On July 24, Facebook’s (FB) Colin Stretch stated in a post to the company’s website: “After months of negotiations, we’ve reached an agreement with the Federal Trade Commission that provides a comprehensive new framework for protecting people’s privacy and the information they give us. The agreement will require a fundamental shift in the way we approach our work and it will place additional responsibility on people building our products at every level of the company.

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The Fly

July 25, 2019

Meet Anixa Biosciences: A Fly Exclusive Interview with CEO Amit Kumar

Anixa Biosciences is a biotech company focused on harnessing the body’s immune system in the fight against cancer. In an exclusive interview with The Fly, Anixa Biosciences (ANIX) CEO Amit Kumar talked about the company’s portfolio, ongoing clinical trials, upcoming events, market opportunity, and much more.

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The Fly

July 11, 2019

Cowen Sees Amazon Poised For New Record With 48-Hour Prime Day Sale

Ahead of Amazon’s “Prime Day,” which will take place on July 15-16, Cowen analyst John Blackledge said in a note to investors this morning that he sees Amazon (AMZN) being poised for a new record with its 48-hour sale event. Also bullish on Amazon, his peer at Barclays said that checks and data suggest a “modest acceleration” for retail revenue growth based on both organic acceleration and next-day shipping in several U.S. zip codes.

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The Fly

July 3, 2019

Game On: An Exclusive Talk With Blue Manchu Founder Jonathan Chey

In an interview with The Fly, Jonathan Chey, founder of video game developer Blue Manchu, discussed his studio’s latest rogue-like shooter “Void Bastards” as well as other gaming topics. Chey’s previous experience in the industry includes his position as co-founder of Irrational Games, which developed the “Bioshock” series for Take-Two (TTWO).

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The Fly

June 27, 2019

General Mills Slides As Sales Disappoint, Drags On Packaged Food Peers

Shares of General Mills (GIS) are under pressure on Wednesday after the cheerios maker reported worse than expected quarterly revenue. Accounting for over half of the company’s revenue, net sales for the North American retail segment fell 2% during the fourth quarter, due to a decline in the snacks business.

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The Fly

June 6, 2019

#Socialstocks: U.S. Regulators To Probe Tech Companies, Google Suffers Outage

On June 3, House Antitrust Subcommittee Chairman David Cicilline announced a bipartisan investigation into competition in digital markets. The investigation will include a series of hearings held by the Subcommittee on Antitrust, Commercial and Administrative Law on the rise of market power online, as well as requests for information that are relevant to the investigation.

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The Fly

May 30, 2019

Roku Rises as Analysts Ups Target on ‘Key Competitive Advantages’

Shares of Roku (ROKU) are on the rise after Needham analyst Laura Martin raised her price target on the shares to $120 as she sees four key competitive advantages, including advertising, revenue optionality upside, active users that makes it a gatekeeper for new streaming services, and M&A potential.

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