Irrobuxtiamo la strategia – 8 Febbraio 2018

Cari buxiti,

- Google é massacrato dopo gli earnings, oltre che per il miss degli earnings,
anche per l’aumento dei costi. Gli investitori peró dimenticano che Google
riesce sempre a tirare fuori dal cappello una sorpresa relativa all’aumento
delle revenues.
http://bit.ly/2C6r7Rd

- Paypal rialzato da Wells fargo da Market Perform a Outperform. TP a $95

(24% upside).
http://bit.ly/2nUvNUY

- Secondo quest’analisi, McDonald’s potrebbe a breve raggiungere i $200.

http://bit.ly/2GZ8Ngx
Secondo quest’analisi, McDonald’s viaggia ancora a valutazioni stretchate, ma
ha un buon margine di crescita.
http://bit.ly/2BM8G8r

- Intel potrebbe rimpiazzare Qualcomm nella fornitura di modem per i

prossimi Iphone.
http://bit.ly/2BMh5c9
E intanto aumenta il dividendo del 10%!
http://bit.ly/2ET0jXi

- E proprio Apple potrebbe essere un’ottima idea: questo articolo ne loda

l’ultimo quarter e fissa il TP a $200 entro Febbraio 2019.
http://bit.ly/2C5CbxP
Apple inizia ad accettare pagamenti tramite la piattaforma di Alibaba.
http://bit.ly/2H1N3Ao
Apple, una che fa, tre ne azzecca. La mossa del loro CFO (Italiano) di passare a
una politica di cash neutrale ha ribassato il valore del titolo, guarda caso
proprio in concomitanza del possibile buyback da un sacco di miliardi.
http://bit.ly/2EbFqWo
L’ennesimo articolo che, sulla base di analisi tecnica, proclama un imminente
rimbalzo di Apple.
http://bit.ly/2C9dTTO
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 Irrobuxtiamo la strategia – 8 Febbraio 2018
Idea, eadem, idem.
http://bit.ly/2C5SQkY

- Un declino in stile 1998 é possibile: cosa accomuna le circostanze sono un

aumento del valore delle azioni in maniera impressionante, improvvisa
volatilitá, financial tightening dalle banche centrali, euforia, bassa
disoccupazione, speculazione eccessiva.
http://bit.ly/2FYVIT9

- Previsioni mercato: Craig Johnson di Piper Jaffray si aspetta circa 30, 60, 90
giorni di shakeout e un ribasso ulteriore (potenziale altro 11%).
http://on.mktw.net/2Bk4j3F

- Ferrari potrebbe essere valutata per piú crescita di quella che risulta
possibile.
http://bit.ly/2nK3KbO

- Si conferma che le azioni del bancario potrebbero essere un buon

investimento per il 2018, grazie alla riforma fiscale, alla deregulation e a un
ribasso dei P/E.
http://bit.ly/2G0pQNV

- Nonostante il crollo da 600 punti del Dow di venerdí, Bank of America ha

ottenuto il suo high da 52 settimane. Con 3 possibili rate-hike di fronte, il
titolo resta in corsa per buoni risultati.
http://bit.ly/2BOqdgw

- Mastercard dichiara $0,25 di dividendo (ovvero 0,61% di yield).

http://bit.ly/2GZFaeY

- Dei 52 analisti che coprono Alibaba, 50 sono BUY e 2 sono HOLD.

http://bit.ly/2BNrHY3

- Tra gli stock che dovrebbero reggere meglio agli shock passati, secondo
questo articolo, ci sono: Coca-Cola, J&J, Wal-Mart, Verizonl P&G, PepsiCo, e
Kraft-Heinz.
http://bit.ly/2ETYeuB

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 Irrobuxtiamo la strategia – 8 Febbraio 2018
- Nonostante il colpo basso da ebay, Paypal rimane un titolo solido, mantiene
interessanti margini di crescita e un business model solido. Per tali motivi,
questo articolo considera Paypal un caso di “buy the dip”.
http://bit.ly/2nUS0m2

- Argus rialza il TP di Microsoft del 22% da $95 a $107.

http://bit.ly/2H1K0bl

- Citron attacca Nvidia proprio una settimana prima degli earnings, ma

probabilmente su basi errate.
http://bit.ly/2BNxVr3

- Un pó di buone ragioni per non temere un mercato ribassistico e considerare i

recenti eventi come una “semplice” correzione.
http://bit.ly/2ER60VW

- Goldman Sachs inizia Apple con un HOLD a un TP a $161 (-1%).

http://bit.ly/2C4s38D

Trading ideas
Nvidia dovrebbe riprendersi a breve se si conferma il canale.
http://bit.ly/2Bje6qz

Paypal potrebbe aver toccata la linea bassa del canale ascendente in cui si trova,
ergo LONG.
http://bit.ly/2nSurtU

Idem per Alibaba.

http://bit.ly/2BP77qr

Alerts

Page 3 of 11
 Irrobuxtiamo la strategia – 8 Febbraio 2018

Up/Downgrade

Da 24/7 Wall St.

Amgen Inc. (NASDAQ: AMGN) was downgraded to Neutral from Overweight at
Atlantic Equities. Amgen closed up 0.8% at $187.01 on Friday.
Boeing Co. (NYSE: BA) was reiterated as Buy at Jefferies and the price target was
raised to $400 from $339. Berenberg reiterated its Buy rating on Boeing and raised
its target to $415 from $395. Shares closed down 2.25% at $348.91 on Friday, and
they were indicated down 1.2% at $344.75 on Monday morning.

Chevron Corp. (NYSE: CVX) was down 5.57% at $118.58 on Friday after poor
earnings and many price target cuts were on Monday. Wells Fargo maintained its
Outperform rating and cut the target to $125 from $129, and Jefferies maintained its
Buy rating but cut its target down to $149 from $152. Goldman Sachs maintained its
Buy rating on Chevron but removed it from the Conviction Buy list. The stock was
indicated down 1.15% at $117.25 on Monday.

Exxon Mobil Corp. (NYSE: XOM) was down 5.1% at $84.53 on Friday after poor
earnings, and the stock was indicated down 1.3% at $83.26 on Monday. Credit
Suisse maintained its Neutral rating but lowered its target to $80 from $84, noting
that it was cutting earnings and production forecasts. Wells Fargo lowered its target
to $87 from $88, and Jefferies lowered its target price down to $87 from $90.

Illumina Inc. (NASDAQ: ILMN) was raised to Buy from Neutral and the price target
was raised to $275 from $260 at Citigroup. Shares closed down 4.4% at $220.18 on
Friday and were barely negative on Monday’s early indications.

PayPal Holdings Inc. (NASDAQ: PYPL) was raised to Outperform from Market
Perform at Wells Fargo.

Xerox Corp. (NYSE: XRX) was raised to Buy from Neutral with a $38 price target
(versus a $31.63 close) at UBS.

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 Irrobuxtiamo la strategia – 8 Febbraio 2018
Activision Blizzard Inc. (NASDAQ: ATVI) closed down 4.8% at $67.98 on Monday
and was indicated down another 3% at $65.95 on Tuesday. Merrill Lynch reiterated
its Buy rating and raised its price objective to $77.

Chevron Corp. (NYSE: CVX) was raised to Overweight from Equal Weight and the
price target was raised to $135 from $130 at Barclays.

Exxon Mobil Corp. (NYSE: XOM) was downgraded to Underweight from Overweight
and the price target was cut to $84 from $91 at Barclays.

Microsoft Corp. (NASDAQ: MSFT) was reiterated as Buy and the price target was
raised to $107 (versus an $88.00 prior close) at Argus.

AT&T Inc. (NYSE: T) was reiterated as Buy with a $48 price target (versus a $36.83
prior close) at Argus. The independent research firm sees strategic acquisitions and
the lower corporate tax rate boosting after-tax earnings, both helping shareholders.

Charles Schwab Corp. (NYSE: SCHW) was downgraded to Sell from Neutral with a
$49 price target (versus a $52.86 close) at Citigroup. Credit Suisse maintained its
Outperform rating on Schwab

Cisco Systems Inc. (NASDAQ: CSCO) was started as Buy and assigned a $48 price
target (versus a $40.17 close) at Goldman Sachs. With a 3.6% gain to $40.17 on
Tuesday, Cisco has a 52-week range of $30.36 to $42.98, and it had a consensus
analyst target price of $41.23.

HP Inc. (NYSE: HPQ) was started as Neutral with a $25 price target (versus a $21.44
close) at Goldman Sachs.

Qualcomm Inc. (NASDAQ: QCOM) was reiterated as Buy with a $75 price target at
Argus. The firm sees the company starting to execute amid the unwanted Broadcom
bid and during its war with Apple.

Snap Inc. (NYSE: SNAP) may have seen shares surge after earnings, but not everyone
is buying into the great recovery story. Wedbush maintained its Neutral rating and
$12.50 price target, saying it is unconvinced that Snap can really compete in social
media, even while also admitting that better sales dynamics and a return of user
growth were seen. Snap was reiterated as Outperform at Credit Suisse, and the firm
raised its target to $20 from $18. SunTrust Robinson Humphrey raised it to Hold
from Sell with a $15 price target. Susquehanna downgraded Snap to Negative from

Page 5 of 11
 Irrobuxtiamo la strategia – 8 Febbraio 2018
Neutral. Snap shares were up 1.5% at $14.06 on Tuesday ahead of earnings, but its
stock was up almost 20% at $16.80 in Wednesday’s early indications.

Apple Inc. (NASDAQ: AAPL) was reiterated as Outperform with a $220 price
objective (versus a $159.54 prior close) at Merrill Lynch. The firm was defending
the recent weakness in Apple and even called it a defensive stock to own given
derisked expectations, strong cash levels and an incremental capital return plan. It
also noted that the market is already pricing in a declining growth in hardware
scenario and a worse than run rate trajectory for services revenues. Merrill Lynch’s
upside/downside scenarios on cash flows are $232 and $141.

General Electric Co. (NYSE: GE) was reiterated as Sell at Deutsche Bank, but the firm
lowered GE’s price target to $13 from $15, and the firm also introduced 2020
earnings per share of only $0.90 (down 16%) with the anticipation that Baker
Hughes, rail and lighting will all be divested. It was just a week or so ago that
Deutsche Bank warned GE is likely to be booted out of the Dow Jones Industrial
Average.

Yelp Inc. (NYSE: YELP) was up 1.3% at $44.86 ahead of earnings on Wednesday, but
the post-earnings reaction was down 8% at $41.25 early on Thursday despite
beating earnings estimates. Yelp saw price targets hiked at a couple firms, but there
was a large number of price target cuts: Credit Suisse to $50 from $51, SunTrust
Robinson Humphrey to $50 from $51, Wells Fargo to $42 from $45, Stifel to $38
from $40, JPMorgan to $51 from $55.

Zynga Inc. (NASDAQ: ZNGA) was up 0.3% at $3.58 ahead of earnings and was
indicated up almost 4% at $3.83 after earnings. Credit Suisse maintained its
Underperform rating but raised its target price to $4.00 from $3.80 in the call.
Wedbush reiterated its Outperform rating and raised its target to $5.50 from $4.85,
noting that guidance appears particularly conservative and that upcoming titles
leave room for upside this year.

Da MarketBeat.com
Page 6 of 11
 Irrobuxtiamo la strategia – 8 Febbraio 2018
 Amazon.com (NASDAQ:AMZN) was upgraded by analysts at Oppenheimer
Holdings Inc. to an "outperform" rating. They now have a $1,650.00 price
target on the stock, up previously from $1,450.00. 14.5% upside from the
current price of $1,440.91. Read More.
 Paypal (NASDAQ:PYPL) was upgraded by analysts at Wells Fargo & Co from a
"market perform" rating to an "outperform" rating. They now have a $70.00
price target on the stock. 10.7% downside from the current price of
$78.36. Read More.
 Amgen (NASDAQ:AMGN) was downgraded by analysts at Atlantic Securities
from an "overweight" rating to a "neutral" rating. They now have a $187.01
price target on the stock. 2.5% upside from the current price of $182.41. Read
More.
 Chevron (NYSE:CVX) was downgraded by analysts at Goldman Sachs Group
Inc from a "conviction-buy" rating to a "buy" rating. current price of
$116.64. Read More.
 Unilever (LON:ULVR) was downgraded by analysts at Beaufort Securities to
a "hold" rating. They now have a GBX 4,330 ($60.81) price target on the
stock. Read More.
 Alcoa (NYSE:AA) had its price target raised by analysts at JPMorgan Chase &
Co. from $68.00 to $71.00. They now have an "overweight" rating on the
stock. 43.4% upside from the current price of $49.52. Read More.
 AstraZeneca (NYSE:AZN) had its price target raised by analysts at Sanford C.
Bernstein from $40.00 to $42.00. They now have an "outperform" rating on
the stock. 21.1% upside from the current price of $34.68. Read More.
 Boeing (NYSE:BA) had its price target raised by analysts at Jefferies Group
LLC from $27.00 to $400.00. They now have a "buy" rating on the stock.
15.2% upside from the current price of $347.20. Read More.
 Chevron (NYSE:CVX) had its price target lowered by analysts at Credit Suisse
Group AG from $130.00 to $129.00. They now have a "neutral" rating on the
stock. 10.6% upside from the current price of $116.64. Read More.
 HSBC (LON:HSBA) had its price target raised by analysts at Berenberg Bank
from GBX 600 ($8.43) to GBX 680 ($9.55). They now have a "hold" rating on
the stock. Read More.
 Under Armour (NYSE:UAA) had its price target lowered by analysts at
Citigroup Inc from $16.00 to $15.00. They now have a "neutral" rating on the
stock. 10.6% upside from the current price of $13.56. Read More.
 Exxon Mobil (NYSE:XOM) had its price target lowered by analysts at Credit
Suisse Group AG from $84.00 to $80.00. They now have a "neutral" rating on
the stock. 1.9% downside from the current price of $81.51. Read More.

Page 7 of 11
 Irrobuxtiamo la strategia – 8 Febbraio 2018
 Citigroup (NYSE:C) was upgraded by analysts at DZ Bank AG from a "hold"
rating to a "buy" rating. current price of $75.83. Read More.
 Diageo (NYSE:DEO) was upgraded by analysts at Macquarie from an
"underperform" rating to a "neutral" rating. current price of $136.94. Read
More.
 Intesa Sanpaolo (OTCMKTS:ISNPY) was upgraded by analysts at JPMorgan
Chase & Co. from a "neutral" rating to an "overweight" rating. current price of
$23.77. Read More.
 Snap (NYSE:SNAP) was upgraded by analysts at Royal Bank of Canada from a
"sector perform" rating to an "outperform" rating. current price of
$19.41. Read More.
 Snap (NYSE:SNAP) was upgraded by analysts at JPMorgan Chase & Co. from
an "underweight" rating to a "neutral" rating. They now have a $10.00 price
target on the stock. 48.5% downside from the current price of $19.41. Read
More.
 Snap (NYSE:SNAP) was upgraded by analysts at SunTrust Banks, Inc. from a
"sell" rating to a "hold" rating. They now have a $10.00 price target on the
stock. 48.5% downside from the current price of $19.41. Read More.
 Snap (NYSE:SNAP) was upgraded by analysts at Bank of America Corp from a
"neutral" rating to a "buy" rating. They now have a $16.00 price target on the
stock. 17.6% downside from the current price of $19.41. Read More.
 Charles Schwab (NYSE:SCHW) was downgraded by analysts at Citigroup Inc
from a "neutral" rating to a "sell" rating. current price of $52.57. Read More.
 Apple (NASDAQ:AAPL) is now covered by analysts at Goldman Sachs Group
Inc. They set a "neutral" rating and a $161.00 price target on the stock. 0.4%
downside from the current price of $161.57. Read More.
 Cisco Systems (NASDAQ:CSCO) is now covered by analysts at Goldman Sachs
Group Inc. They set a "buy" rating and a $48.00 price target on the stock.
17.3% upside from the current price of $40.93. Read More.
 HP (NYSE:HPQ) is now covered by analysts at Goldman Sachs Group Inc. They
set a "neutral" rating and a $25.00 price target on the stock. 17.1% upside
from the current price of $21.35. Read More.
 Diageo (LON:DGE) had its price target raised by analysts at Goldman Sachs
Group Inc from GBX 2,550 ($35.75) to GBX 2,667 ($37.39). They now have a
"neutral" rating on the stock. Read More.
 Walt Disney (NYSE:DIS) had its price target raised by analysts at B. Riley
from $122.00 to $125.00. They now have a "buy" rating on the stock. 17.5%
upside from the current price of $106.41. Read More.
 General Motors (NYSE:GM) (TSE:GMM.U) had its price target raised by
analysts at Bank of America Corp from $57.00 to $60.00. They now have a

Page 8 of 11
 Irrobuxtiamo la strategia – 8 Febbraio 2018
"buy" rating on the stock. 39.6% upside from the current price of
$42.97. Read More.
 Merck & Co., Inc. (NYSE:MRK) had its price target raised by analysts at
Morgan Stanley from $60.00 to $63.00. They now have an "equal weight"
rating on the stock. 11.6% upside from the current price of $56.43. Read
More.
 Snap (NYSE:SNAP) had its price target raised by analysts at Citigroup Inc to
$18.00. They now have a "neutral" rating on the stock. They noted that the
move was a valuation call. 7.3% downside from the current price of
$19.41. Read More.
 Snap (NYSE:SNAP) had its price target raised by analysts at Stifel Nicolaus
from $13.00 to $17.00. They now have a "buy" rating on the stock. 12.4%
downside from the current price of $19.41. Read More.
 Snap (NYSE:SNAP) had its price target raised by analysts at Morgan Stanley
from $10.00 to $11.00. They now have an "underweight" rating on the stock.
43.3% downside from the current price of $19.41. Read More.
 Twitter (NYSE:TWTR) had its price target raised by analysts at Citigroup Inc
to $22.00. They now have a "hold" rating on the stock. They noted that the
move was a valuation call. 17.0% downside from the current price of
$26.52. Read More.
 GlaxoSmithKline (LON:GSK) was upgraded by analysts at Beaufort Securities
to a "buy" rating. They now have a GBX 1,500 ($21.03) price target on the
stock, up previously from GBX 1,450 ($20.33). Read More.
 AstraZeneca (LON:AZN) had its price target raised by analysts at Berenberg
Bank from GBX 5,800 ($81.32) to GBX 6,000 ($84.13). They now have a "buy"
rating on the stock. Read More.
 Walt Disney (NYSE:DIS) had its price target raised by analysts at BMO
Capital Markets from $90.00 to $95.00. They now have a "positive" rating on
the stock. 8.6% downside from the current price of $103.91. Read More.
 Hasbro (NASDAQ:HAS) had its price target raised by analysts at B. Riley from
$108.00 to $110.00. They now have a "buy" rating on the stock. 13.2% upside
from the current price of $97.17. Read More.
 Hasbro (NASDAQ:HAS) had its price target raised by analysts at BMO Capital
Markets from $83.00 to $100.00. They now have a "market perform" rating
on the stock. 2.9% upside from the current price of $97.17. Read More.
 Rio Tinto (LON:RIO) had its price target lowered by analysts at HSBC
Holdings plc from GBX 4,300 ($60.29) to GBX 4,100 ($57.49). They now have
a "hold" rating on the stock. Read More.

Page 9 of 11
 Irrobuxtiamo la strategia – 8 Febbraio 2018
 Tesla (NASDAQ:TSLA) had its price target raised by analysts at Piper Jaffray
Companies to $385.00. They now have an "overweight" rating on the stock.
16.7% upside from the current price of $329.80. Read More.
 Yelp (NYSE:YELP) had its price target lowered by analysts at Stifel Nicolaus
from $40.00 to $38.00. They now have a "hold" rating on the stock. 7.7%
downside from the current price of $41.18. Read More.
 Yelp (NYSE:YELP) had its price target raised by analysts at Barclays PLC from
$43.00 to $44.00. They now have an "equal weight" rating on the stock. 6.8%
upside from the current price of $41.18. Read More.
 Yelp (NYSE:YELP) had its price target lowered by analysts at Credit Suisse
Group AG from $51.00 to $50.00. They now have an "outperform" rating on
the stock. 21.4% upside from the current price of $41.18. Read More.
 Yelp (NYSE:YELP) had its price target lowered by analysts at Morgan Stanley
from $43.00 to $40.00. They now have an "equal weight" rating on the stock.
2.9% downside from the current price of $41.18. Read More.
 Zynga (NASDAQ:ZNGA) had its price target raised by analysts at Credit Suisse
Group AG from $3.80 to $4.00. They now have an "underperform" rating on
the stock. 10.5% upside from the current price of $3.62. Read More.


Insider sales:




Da Daily Trade Alert:

 Xerox (XRX) upgraded by UBS from Neutral to Buy

 Illumina (ILMN) upgraded by Citi from Neutral to Buy
 Chevron (CVX) downgraded by Goldman Sachs from Conviction Buy to Buy
 Exxon Mobil (XOM) downgraded by Barclays from Overweight to
Underweight
 HSBC (HSBC) upgraded by Santander from Sell to Hold
 Danone (DANOY) upgraded by Goldman Sach from Sell to Neutral

Page 10 of 11
 Irrobuxtiamo la strategia – 8 Febbraio 2018
 Snap (SNAP) upgraded by SunTrust from Sell to Hold
 Snap (SNAP) upgraded by BofA/Merrill from Neutral to Buy
 Charles Schwab (SCHW) downgraded by Citi from Neutral to Sell
 Snap (SNAP) downgraded by Susquehanna from Neutral to Negative
 Allianz (AZSEY) downgraded by Jefferies from Buy to Hold

Page 11 of 11