Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks. “Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. Roku’s valuation levels have surged past digital media players and


A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.
Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.
“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming.
Roku’s valuation levels have surged past digital media players and
Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: 'It's all priced in'

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.

Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.

Roku’s stock fell more than 16% in trading on Monday.

“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. As a result, we see the risk/reward skewed to the downside. Roku’s valuation levels have surged past digital media players and even past high-growth SAAS [software as a service] companies … despite structurally lower gross margins,” Morgan Stanley analyst Benjamin Swinburne said in a note to investors. The note was titled, “It’s all priced in.”


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


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Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks. “Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. Roku’s valuation levels have surged past digital media players and


A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.
Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.
“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming.
Roku’s valuation levels have surged past digital media players and
Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: 'It's all priced in'

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.

Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.

Roku’s stock fell more than 16% in trading on Monday.

“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. As a result, we see the risk/reward skewed to the downside. Roku’s valuation levels have surged past digital media players and even past high-growth SAAS [software as a service] companies … despite structurally lower gross margins,” Morgan Stanley analyst Benjamin Swinburne said in a note to investors. The note was titled, “It’s all priced in.”


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


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Here are the biggest analyst calls of the day: Disney, Caterpillar, Apple, Foot Locker & more

Here are the biggest calls on Wall Street on Thursday:”We are upgrading Disney from Neutral to Outperform and increasing our price target $20 to $150/share. Credit Suisse said it sees further upside into the company’s Disney+ launch. Goldman said in its downgrade of Caterpillar that the U.S.-China trade war is taking its toll on the Construction machinery and equipment company. As a result, we downgrade CAT to Neutral from Buy. Since being added to the Americas Buy List on October 10, 2016, CAT


Here are the biggest calls on Wall Street on Thursday:”We are upgrading Disney from Neutral to Outperform and increasing our price target $20 to $150/share. Credit Suisse said it sees further upside into the company’s Disney+ launch. Goldman said in its downgrade of Caterpillar that the U.S.-China trade war is taking its toll on the Construction machinery and equipment company. As a result, we downgrade CAT to Neutral from Buy. Since being added to the Americas Buy List on October 10, 2016, CAT
Here are the biggest analyst calls of the day: Disney, Caterpillar, Apple, Foot Locker & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-08  Authors: michael bloom
Keywords: news, cnbc, companies, biggest, foot, apple, cat, buy, caterpillar, construction, upside, calls, analyst, ytd, disney, equipment, downgrade, day, neutral, locker, 2016


Here are the biggest analyst calls of the day: Disney, Caterpillar, Apple, Foot Locker & more

Here are the biggest calls on Wall Street on Thursday:

“We are upgrading Disney from Neutral to Outperform and increasing our price target $20 to $150/share. We now see less risk to estimates — FY20 consensus EPS has dropped from over $8/share a year ago to ~$6/share today — and while Disney has outperformed the S&P500 by 8% YTD, we see scope for further upside to Disney+ investor sentiment into its U.S. launch. ”

Credit Suisse said it sees further upside into the company’s Disney+ launch.

Goldman said in its downgrade of Caterpillar that the U.S.-China trade war is taking its toll on the Construction machinery and equipment company.

“For the first time since we upgraded CAT to Buy in October 2016, we expect EBIT to decline in FY2 driven by meaningful production cuts in North America and China construction equipment, more than offsetting our forecasts for a Resource Industries recovery. As a result, we downgrade CAT to Neutral from Buy. Since being added to the Americas Buy List on October 10, 2016, CAT is +37% vs. our coverage +22% and S&P +33%. ”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-08-08  Authors: michael bloom
Keywords: news, cnbc, companies, biggest, foot, apple, cat, buy, caterpillar, construction, upside, calls, analyst, ytd, disney, equipment, downgrade, day, neutral, locker, 2016


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Top-performing small-cap ETFs YTD

After getting walloped by two back-to-back corrections in February and March, the S&P 500 has recovered nicely in May, and once again finds itself in positive territory for the year. That said, there’s more ground to make up before the S&P 500 has completely recovered. From its all-time high of 2,873 set in January, the index is still down 5.6 percent. Yet while the S&P 500 has more work to do before hitting new highs again, another index is already there. The iShares Russell 2000 ETF (IWM), a $


After getting walloped by two back-to-back corrections in February and March, the S&P 500 has recovered nicely in May, and once again finds itself in positive territory for the year. That said, there’s more ground to make up before the S&P 500 has completely recovered. From its all-time high of 2,873 set in January, the index is still down 5.6 percent. Yet while the S&P 500 has more work to do before hitting new highs again, another index is already there. The iShares Russell 2000 ETF (IWM), a $
Top-performing small-cap ETFs YTD Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-18  Authors: sumit roy
Keywords: news, cnbc, companies, russell, high, etfs, wild, 2000, index, 500, sp, recovered, ytd, smallcap, topperforming, yeartodate, work


Top-performing small-cap ETFs YTD

The U.S. stock market is on the mend. After getting walloped by two back-to-back corrections in February and March, the S&P 500 has recovered nicely in May, and once again finds itself in positive territory for the year. It’s been a wild ride to get here, but the venerable index is up 5 percent from its lowest closing level of the year, and has returned a decent 2.1 percent on a year-to-date basis.

That said, there’s more ground to make up before the S&P 500 has completely recovered. From its all-time high of 2,873 set in January, the index is still down 5.6 percent.

Yet while the S&P 500 has more work to do before hitting new highs again, another index is already there. The iShares Russell 2000 ETF (IWM), a $44 billion fund that tracks the Russell 2000 Index, briefly eclipsed its January high on Monday.


Company: cnbc, Activity: cnbc, Date: 2018-05-18  Authors: sumit roy
Keywords: news, cnbc, companies, russell, high, etfs, wild, 2000, index, 500, sp, recovered, ytd, smallcap, topperforming, yeartodate, work


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‘Buy the dip’ looks dead, as final hour of trading now typically sees selling

‘Buy the dip’ looks dead, as final hour of trading now typically sees selling 1 Hour Ago | 00:32Buying on the dip seems out of style in the U.S. stock market, as traders are typically dumping stocks right before the close, according to data from Bespoke Investment Group. “There are bouts of volatility back and forth, but the biggest swing lower comes in at the end of day trade right before the close.” Source: Bespoke Investment Group”The YTD intraday performance chart suggests that the most reac


‘Buy the dip’ looks dead, as final hour of trading now typically sees selling 1 Hour Ago | 00:32Buying on the dip seems out of style in the U.S. stock market, as traders are typically dumping stocks right before the close, according to data from Bespoke Investment Group. “There are bouts of volatility back and forth, but the biggest swing lower comes in at the end of day trade right before the close.” Source: Bespoke Investment Group”The YTD intraday performance chart suggests that the most reac
‘Buy the dip’ looks dead, as final hour of trading now typically sees selling Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-28  Authors: fred imbert
Keywords: news, cnbc, companies, ytd, selling, trading, open, sees, typically, buy, right, dip, hour, bespoke, dead, final, lower, looks, investment, close


'Buy the dip' looks dead, as final hour of trading now typically sees selling

‘Buy the dip’ looks dead, as final hour of trading now typically sees selling 1 Hour Ago | 00:32

Buying on the dip seems out of style in the U.S. stock market, as traders are typically dumping stocks right before the close, according to data from Bespoke Investment Group.

“The YTD [year-to-date] pattern has been a very big spike at the open towards highs of the day between 10:00 and 11:00 AM,” Bespoke said in a note Friday. “There are bouts of volatility back and forth, but the biggest swing lower comes in at the end of day trade right before the close.”

Source: Bespoke Investment Group

“The YTD intraday performance chart suggests that the most reactive buyers are piling in early while the smart money is selling into the close,” Bespoke said.

This trend was confirmed again Tuesday, as the major averages plummeted to session lows in the final hour of trading.

Dow intraday Tuesday

Source: CNBC.com

In contrast, last year saw multiple sessions where equities would open lower only to rally into the close as the Dow Jones industrial average, S&P 500 and Nasdaq composite reached record highs.


Company: cnbc, Activity: cnbc, Date: 2018-03-28  Authors: fred imbert
Keywords: news, cnbc, companies, ytd, selling, trading, open, sees, typically, buy, right, dip, hour, bespoke, dead, final, lower, looks, investment, close


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Here are 4 top chip stock ideas for the next year: Barclays

Chip stocks have crushed the market this year and one Wall Street analyst believes the industry’s strong performance will go on. The iShares PHLX Semiconductor ETF has rallied 35 percent year to date versus the S&P 500’s 14 percent gain through Tuesday. “The semiconductor group likely continues to work (best-performing S&P sector YTD), and we expect a 7th consecutive positive earnings period as most end markets (except optical and wireless) remain healthy leading to better results/guidance,” ana


Chip stocks have crushed the market this year and one Wall Street analyst believes the industry’s strong performance will go on. The iShares PHLX Semiconductor ETF has rallied 35 percent year to date versus the S&P 500’s 14 percent gain through Tuesday. “The semiconductor group likely continues to work (best-performing S&P sector YTD), and we expect a 7th consecutive positive earnings period as most end markets (except optical and wireless) remain healthy leading to better results/guidance,” ana
Here are 4 top chip stock ideas for the next year: Barclays Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-10-18  Authors: tae kim, patrick t fallon, bloomberg, getty images, stephen lam, brad quick, david m benett, richard levine, corbis, scott olson
Keywords: news, games, cnbc, companies, barclays, wireless, stock, work, wall, sp, stocks, ideas, semiconductor, ytd, analyst, wednesdayhere, chip, wrote


Here are 4 top chip stock ideas for the next year: Barclays

Chip stocks have crushed the market this year and one Wall Street analyst believes the industry’s strong performance will go on.

The iShares PHLX Semiconductor ETF has rallied 35 percent year to date versus the S&P 500’s 14 percent gain through Tuesday.

“The semiconductor group likely continues to work (best-performing S&P sector YTD), and we expect a 7th consecutive positive earnings period as most end markets (except optical and wireless) remain healthy leading to better results/guidance,” analyst Blayne Curtis wrote in a note to clients Wednesday.

Here are four overweight-rated semiconductor stocks recommended by Barclays, along with the firm’s current 12-month price targets.


Company: cnbc, Activity: cnbc, Date: 2017-10-18  Authors: tae kim, patrick t fallon, bloomberg, getty images, stephen lam, brad quick, david m benett, richard levine, corbis, scott olson
Keywords: news, games, cnbc, companies, barclays, wireless, stock, work, wall, sp, stocks, ideas, semiconductor, ytd, analyst, wednesdayhere, chip, wrote


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Here are JPMorgan’s top internet stocks before big earnings week

JPMorgan research said it has high expectations for several internet companies scheduled to announce earnings next week, including Google, Facebook and Amazon. “Overall expectations for the group are high given the strong YTD stock performance — FB, AMZN, EXPE, & CHGG all reached new all-time highs this week — and NFLX earnings likely raised the bar even higher,” wrote analyst Doug Anmuth in Thursday’s note. Still, Anmuth was mixed on the group and offered detailed commentary and recommendations


JPMorgan research said it has high expectations for several internet companies scheduled to announce earnings next week, including Google, Facebook and Amazon. “Overall expectations for the group are high given the strong YTD stock performance — FB, AMZN, EXPE, & CHGG all reached new all-time highs this week — and NFLX earnings likely raised the bar even higher,” wrote analyst Doug Anmuth in Thursday’s note. Still, Anmuth was mixed on the group and offered detailed commentary and recommendations
Here are JPMorgan’s top internet stocks before big earnings week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-20  Authors: thomas franck, getty images, jonathan ernst, jason alden, bloomberg, greg baker, afp, david paul morris, mike segar, andrew harrer
Keywords: news, games, cnbc, companies, ytd, internet, jpmorgan, big, week, earnings, stocks, expectations, anmuth, high, group, companies, wrote, jpmorgans


Here are JPMorgan's top internet stocks before big earnings week

JPMorgan research said it has high expectations for several internet companies scheduled to announce earnings next week, including Google, Facebook and Amazon.

“Overall expectations for the group are high given the strong YTD stock performance — FB, AMZN, EXPE, & CHGG all reached new all-time highs this week — and NFLX earnings likely raised the bar even higher,” wrote analyst Doug Anmuth in Thursday’s note.

Still, Anmuth was mixed on the group and offered detailed commentary and recommendations for each company.

Here are the three companies that JPMorgan recommended and their price targets.


Company: cnbc, Activity: cnbc, Date: 2017-07-20  Authors: thomas franck, getty images, jonathan ernst, jason alden, bloomberg, greg baker, afp, david paul morris, mike segar, andrew harrer
Keywords: news, games, cnbc, companies, ytd, internet, jpmorgan, big, week, earnings, stocks, expectations, anmuth, high, group, companies, wrote, jpmorgans


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