Niantic Launches Surprise Event To Go Along With IV Changes

Niantic Launches Surprise Event To Go Along With IV Changes

McDonald’s has partnered up with Niantic to provide a compelling event to Pokemon GO players

Consumer Discretionary

Tesla Inc (TSLA) Model S P100D Weight Reduced by 360 lbs

The weight of the car was reduced by removing the interior of Model S

Tesla Inc (TSLA) CEO Musk Looking Out for Gigafactories Locations in China

Musk was in China and met Vice Premier Wang Yang in his visit

Tesla Inc (TSLA) Reduces Model X Upgrade Price by 30%

Model X 60 kWh to 75 kWh upgrade will now cost $6,500 only as compared to $9,000 previously charged

Starbucks Corporation (SBUX): Maintaining $66 Price Target But Trimming FY17E EPS

The firm is maintaining its SSS estimates for all regions and continues to see reasons for improving sales and long-term mid-teens EPS growth

A Blow-Out Quarter for Western Digital Corp (WDC)

Mar-qtr's outperformance was driven by operational execution and a favorable environment (strong demand for NAND and stable HDD)

Under Armour Inc (UAA): Outlook Reaffirmed, But 2H Weighted

Wedbush doesn’t believe 1Q17 resolved all the questions around the Under Armour story with largely mixed results against a challenging backdrop and continued share challenges in the US

Technology

BMO Maintains Nokia Oyj (ADR) (NYSE:NOK) at Market Perform Despite Mixed Q1 Results

Despite continued revenue declines, Nokia can hit higher end of its Networks operating margin range, according to BMO Capital analyst

Alphabet Inc (GOOGL): Credit Suisse Lifts PT to $1,150, Maintains Outperform

Alphabet experienced outperformance in YouTube and mobile search with considerable strength in Google Play, according to analyst

Amazon.com, Inc. (AMZN): Credit Suisse Sees 5% Upside Today, Raises PT to $1,100

Credit Suisse analyst lifted his FY17 EPS forecast for Amazon, driven by expectations of AWS and retail revenues growth going forward

MKM Partners Maintains Twitter Inc (NYSE:TWTR) at Neutral Post Q1 Results

MKM Partners analyst lowered his revenue estimate for Twitter but raised his EPS and EBITDA forecasts on lower spending

Pacific Crest Maintains Intel Corporation (INTC) at Overweight Following Q1 Report

Upcoming Purley product volume ramp will allow Intel's DCG revenue growth to reaccelerate during 2HFY17, according to Pacific Crest analyst

Alphabet Inc (GOOGL): Opportunities Outside of Search May Be Inflecting

Alphabet's ad growth outlook remains strong and it sees large incremental growth opportunities in YouTube and cloud

Energy

Whiting Petroleum Corp (WLL) Q1 Beats on Better Realizations

Production guidance for 2017 was raised on the 1Q beat, while FY2017 realizations and operating cost guidance improved

Chevron Corporation (CVX): Commitment To A Balanced Cash Cycle

Chevron's capital spending falls to $19.8b in 2017 versus a peak of $41.9b in 2013, as the company's major capital projects reach completion

Plug Power Inc (NASDAQ:PLUG): Cowen Sees More Than 70% Upside Today, Raises PT to $3

Amazon to use Plug Power's hydrogen technology and fuel cells in fulfillment network, according to Cowen analyst

Phillips 66 (PSX): Earnings Preview

We also adjusted capture rates lower to reflect an extensive turnaround period and the potential for secondary product losses to increase as crude prices were higher QoQ

Freeport-McMoRan Inc (NYSE:FCX): Good News has Arrived, FBR Capital Stays Sidelined

Freeport-McMoRan to continue talks with Indonesian government, expects to resume shipments soon, according to FBR Capital analyst

Healthcare

Vertex Pharmaceuticals Incorporated (VRTX): BMO Sees 3% Upside Today, Lifts PT to $132

Solid Orkambi quarter for Vertex is expected to sustain future positive momentum, according to BMO Capital analyst

Vertex Pharmaceuticals Incorporated (VRTX): Credit Suisse Raised Its Probability Of Success To 75% To The Triplet In HetMin Population

Vertex beat on the top and bottom line with $481M vs. $459M consensus and $0.41 vs. $0.35 non-GAAP EPS consensus

Sarepta Therapeutics Inc (NASDAQ:SRPT) Raised Guidance To $95M As The Launch Continues To Look Highly Encouraging

Credit Suisse’s new 2017 estimate is $103M which is higher than its previous estimate of $89M

Q1'17 Will Likely Be an Uninspiring Quarter for Pfizer Inc (PFE)

BMO forecasts flat revenue, flat opex, ~3% lower net income, offset by share buybacks to deliver flat y/y EPS

Freeport-McMoRan Inc's (FCX) Positive Operational Outlook

The firm has updated its model to reflect operational guidance provided by Freeport following its receipt of a temporary copper concentrate export permit from the gov't of Indonesia