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TWTR

Twitter

$24.87

1.35 (5.74%)

, CRM

Salesforce

$68.42

-4.21 (-5.80%)

08:55
10/06/16
10/06
08:55
10/06/16
08:55

Notable open interest changes for October 6th

Wednesday's total option volume of 14.9 million contracts resulted in net open interest growth of 2.55 million calls and 2.03 million puts. Twitter (TWTR), Salesforce.com (CRM), Bank of America (BAC) and Netflix (NFLX) saw the greatest growth. Top five new positions opened include 60k Bank of America (BAC) 10/7 weekly 16 puts, 45k Micron (MU) Dec-16 20 calls, 41k Coty (COTY) Oct-16 25 calls, 22k Bank of America (BAC) 10/28 weekly 16.5 calls and 15k Coty (COTY) Oct-16 26 calls.

TWTR

Twitter

$24.87

1.35 (5.74%)

CRM

Salesforce

$68.42

-4.21 (-5.80%)

BAC

Bank of America

$16.11

0.31 (1.96%)

NFLX

Netflix

$106.28

3.94 (3.85%)

  • 17

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  • 30

    Nov

TWTR Twitter
$24.87

1.35 (5.74%)

10/06/16
COWN
10/06/16
NO CHANGE
Target $100
COWN
Outperform
Salesforce shares should rebound with no Twitter deal, says Cowen
Cowen analyst J.Derrick Wood expects shares of Salesforce (CRM) to rebound if the company does not buy Twitter (TWTR), which he believes will not happen. The analyst believes investors will return to fundamentals and the analyst believes upside momentum in Salesforce's core business will return in Q3. Wood reiterated his Outperform rating and $100 price target on Salesforce shares.
10/06/16
BARD
10/06/16
NO CHANGE
Target $90
BARD
Outperform
Salesforce shares should be bought, says Baird
Baird analyst Steven Ashley noted that Salesforce (CRM) CEO Mark Benioff said his company has all the customer data it needs, which he reads as meaning it would not need to make an acquisition of Twitter (TWTR) purely for data. The analyst also said the company's board is acutely aware of their responsibility to shareholders when it comes to Salesforce's stock and the potential negative impact on shares that a Twitter deal could pose. Ashley reiterated his Outperform rating and $90 price target on Salesforce shares.
10/06/16
ROTH
10/06/16
NO CHANGE
Target $103
ROTH
Buy
Salesforce should be bought on pullback, says Roth Capital
Roth Capital analyst Richard Baldry says Salesforce's (CRM) shares are down roughly 20% from their recent highs, pressured by rumors of a potential bid for Twitter (TWTR) and a recent revenue guidance increase for the second half of 2017 that was back-end loaded enough to leave his Q3 forecast lowered. However, the analyst believes the pullback offers investors an attractive entry point and advocates buying on weakness. Baldry reiterates a Buy rating and $103 price target on Salesforce's shares given the company's strong fundamentals and sector dominance.
10/06/16
RHCO
10/06/16
NO CHANGE
RHCO
Twitter could help Salesforce develop new product, says SunTrust
SunTrust analyst John Rizzuto says that Twitter (TWTR) could help Salesforce (CRM) develop an "information service" or "collaboration" cloud. The analyst says that the product would allow "Salesforce, partners and third parties to build next generation applications that could more readily integrate Twitter feeds and/or utilize Twitter and other external data sources with proprietary data sources." Rizzuto keeps a Neutral rating on Twitter and a Buy rating on Salesforce.
CRM Salesforce
$68.42

-4.21 (-5.80%)

10/06/16
KEYB
10/06/16
NO CHANGE
KEYB
Salesforce long-term growth outlook positive, says KeyBanc
After conducting checks at Salesforce's Dreamforce event this week, Keybanc says that Salesforce "has a long runway" in marketing, service, commerce and application clouds. The firm says that the company continues to have strong momentum in the large enterprise market. It keeps a $95 price target and Overweight rating on the stock.
BAC Bank of America
$16.11

0.31 (1.96%)

09/16/16
GSCO
09/16/16
NO CHANGE
Target $19
GSCO
Conviction Sell
Bank of America operating leverage hitting an inflection, says Goldman
Goldman analyst Richard Ramsden believes Bank of America is hitting an inflection point in operating leverage driven by low single digit growth, stable credit, and absolute reductions in the expense base. The analyst believes topline growth will reach approximately 4% annually through to 2018, driven by consumer bank and wealth management initiatives. Ramsden reiterates his Conviction Buy rating on Bank of American and raised his price target to $19 from $17 given the combination of revenue growth and expense discipline.
09/13/16
SOCG
09/13/16
DOWNGRADE
Target $42
SOCG
Sell
Societe Generale cuts Citi to Sell, Bank of America to Hold
Societe Generale downgraded Citi (C) to Sell from Hold and Bank of America (BAC) to Hold from Buy. The firm has a $42 price target for shares of Citi and attributes an increased negative stance on Cards for the downgrade. Societe Generale has a $17 price target for Bank of America and cites revenue growth for the downgrade to Hold. Citi is trading down 86c to $46.93 and Bank of America is trading down 19c to $15.71.
09/13/16
SOCG
09/13/16
DOWNGRADE
SOCG
Hold
Bank of America downgraded to Hold from Buy at Societe Generale
08/25/16
GSCO
08/25/16
NO CHANGE
Target $17
GSCO
Buy
Bank of America at an inflection point, says Goldman
Goldman analyst Richard Ramsden believes Bank of America's operating leverage is at an inflection point as revenue growth and cost reductions from back office rationalization take effect. Ramsden met with CEO Moynihan and said he believes the company can grow core loans, without compromising credit quality, at mid-single digit rates, and expects the fee-based businesses to benefit from growth in checking accounts, mortgage activity, and market share gains. Ramsden believes Bank of America can achieve 10% ROTCE and views valuation as compelling. He rates shares a Buy with a $17 price target.
NFLX Netflix
$106.28

3.94 (3.85%)

10/05/16
10/05/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Netflix (NFLX) initiated with a Buy at Loop Capital. 2. AB InBev (BUD) coverage resumed with an Overweight at Morgan Stanley. 3. Flowers Foods (FLO) initiated with a Neutral at DA Davidson. 4. Blue Buffalo Pet Products (BUFF) initiated with a Buy at DA Davidson. 5. 58.com (WUBA) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/05/16
10/05/16
NO CHANGE

Bernstein sees no 'compelling rationale' for Apple buying Netflix
Bernstein analyst Toni Sacconaghi says he does not see a "compelling rationale" for Apple (AAPL) acquiring Netflix (NFLX). The steaming service has recently been the subject of takeover speculation, with Disney (DIS) mentioned as a possible suitor. Buying Netflix to run exclusively on Apple's operating service and AppleTV is "not a value-creating thesis and could not possibly justify a $50B price tag," Sacconaghi tells investors in a research note. Apple could buy Netflix and continue to run it as it does today, but that "would be highly out of character" for the iPhone maker, the analyst contends. Sacconaghi believes Apple could get much of the benefit of a services offering with much less upfront risk by partnering with Netflix, rather than acquiring it. He sees a partnership as more likely than a takeover. Further, Sacconaghi thinks a potential a partnership or acquisition by Apple does not justify owning Netflix since a deal is very hard to predict. The analyst has an Outperform rating on Apple and an Underpeform rating on Netflix. He has a $62 price target for Netflix shares. The streaming service closed yesterday down 29c to $102.34.
10/04/16
LOOP
10/04/16
INITIATION
LOOP
Buy
Netflix initiated with a Buy at Loop Capital
Loop Capital analyst David Miller initiated Netflix with a Buy and a $125 price target.
10/04/16
MUSA
10/04/16
NO CHANGE
MUSA
Netflix Q3 international subcriber adds likely to top consensus, says M Science
M Science analyst Corey Barrett, in a note published before the open, said he expects Netflix to report Q3 international subscriber additions of 2.18M, which is above the 2M subscriber consensus forecast. Previously, M Science said Netflix churn indications in July and August led it to set a domestic paid net subscriber addition estimate for Q3 of zero, below the Q3 consensus estimate of 351,000 and guidance of 400,000. Combining the two, the firm estimates Netflix will report Q3 global streaming subscriber additions of 2.08M, which is below the consensus estimate of 2.3M.

TODAY'S FREE FLY STORIES

HUBS

HubSpot

$72.15

-1.75 (-2.37%)

17:47
09/26/17
09/26
17:47
09/26/17
17:47
Earnings
HubSpot raises Q3 EPS view to (4c)-(2c) from (10c)-(8c), consensus (9c) »

Raises Q3 revenue view to…

03/08/13
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  • 03

    Oct

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    Oct

CSCO

Cisco

$33.76

0.04 (0.12%)

17:46
09/26/17
09/26
17:46
09/26/17
17:46
Periodicals
Cisco to cut around 310 headquarters jobs, Bloomberg reports »

Cisco is cutting about…

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03/08/13
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    Nov

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    Dec

HUBS

HubSpot

$72.15

-1.75 (-2.37%)

17:45
09/26/17
09/26
17:45
09/26/17
17:45
Hot Stocks
Breaking Hot Stocks news story on HubSpot 

HubSpot raises Q3 outlook…

03/08/13
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  • 03

    Oct

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    Oct

NKE

Nike

$53.70

0.47 (0.88%)

17:42
09/26/17
09/26
17:42
09/26/17
17:42
Earnings
Nike sees FY18 revenue growth in mid-single digit range, consensus $36.01B »

Sees FY18 gross margin…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 26

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  • 03

    Oct

  • 04

    Oct

  • 10

    Oct

NKE

Nike

17:41
09/26/17
09/26
17:41
09/26/17
17:41
Earnings
Nike sees Q2 revenue growth in low single digit range, consensus $8.48B »

Sees Q2 gross margin…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 26

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LLNW

Limelight Networks

$3.80

0.01 (0.26%)

17:36
09/26/17
09/26
17:36
09/26/17
17:36
Conference/Events
Limelight Networks management to meet with JMP Securities »

Meeting to be held in…

03/08/13
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  • 27

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    Nov

CTAS

Cintas

$136.10

-0.77 (-0.56%)

, MU

Micron

$34.18

-0.69 (-1.98%)

17:35
09/26/17
09/26
17:35
09/26/17
17:35
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: Cintas…

CTAS

Cintas

$136.10

-0.77 (-0.56%)

MU

Micron

$34.18

-0.69 (-1.98%)

EDIT

Editas Medicine

$20.30

-0.83 (-3.93%)

TWTR

Twitter

$16.59

-0.39 (-2.30%)

NKE

Nike

$53.70

0.47 (0.88%)

KRNT

Kornit Digital

$17.15

-0.15 (-0.87%)

WLKP

Westlake Chemical Partners

$24.10

0.15 (0.63%)

ITCI

Intra-Cellular

$19.23

-0.57 (-2.88%)

ASND

Ascendis Pharma

$37.10

0.97 (2.68%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 26

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    Sep

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    Sep

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    Sep

  • 03

    Oct

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    Oct

  • 10

    Oct

  • 27

    Sep

  • 27

    Sep

  • 28

    Sep

NKE

Nike

$53.70

0.47 (0.88%)

17:31
09/26/17
09/26
17:31
09/26/17
17:31
Hot Stocks
Nike: North America marketplace still undergoing 'significant' transformation »

Says seeing…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 26

    Sep

  • 03

    Oct

  • 04

    Oct

  • 10

    Oct

BVXV

BiondVax

17:29
09/26/17
09/26
17:29
09/26/17
17:29
Hot Stocks
Breaking Hot Stocks news story on BiondVax »

Eastern Capital reports…

03/08/13
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03/08/13
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03/06/13
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NKE

Nike

$53.70

0.47 (0.88%)

17:23
09/26/17
09/26
17:23
09/26/17
17:23
Hot Stocks
Nike 'bullish' on long-term opportunity in North America. »

Says sportswear category…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 26

    Sep

  • 03

    Oct

  • 04

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  • 10

    Oct

OIS

Oil States

$25.75

0.25 (0.98%)

, STL

Sterling Bancorp

$24.10

0.15 (0.63%)

17:22
09/26/17
09/26
17:22
09/26/17
17:22
Hot Stocks
Breaking Hot Stocks news story on Oil States, Sterling Bancorp »

Oil States to replace…

OIS

Oil States

$25.75

0.25 (0.98%)

STL

Sterling Bancorp

$24.10

0.15 (0.63%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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TWTR

Twitter

$16.59

-0.39 (-2.30%)

17:21
09/26/17
09/26
17:21
09/26/17
17:21
Hot Stocks
Twitter to begin testing longer 280 character Tweets with small group »

Aliza Rosen, product…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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KEM

Kemet

, AF

Astoria Financial

$21.09

0.08 (0.38%)

17:21
09/26/17
09/26
17:21
09/26/17
17:21
Hot Stocks
Breaking Hot Stocks news story on Kemet, Astoria Financial »

Kemet to replace Astoria…

KEM

Kemet

AF

Astoria Financial

$21.09

0.08 (0.38%)

03/08/13
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  • 02

    Oct

STL

Sterling Bancorp

$24.10

0.15 (0.63%)

, OIS

Oil States

$25.75

0.25 (0.98%)

17:20
09/26/17
09/26
17:20
09/26/17
17:20
Hot Stocks
Sterling Bancorp to repalce Oil States in S&P 400 at open on 10/2 »

Sterling Bancorp (STL) …

STL

Sterling Bancorp

$24.10

0.15 (0.63%)

OIS

Oil States

$25.75

0.25 (0.98%)

AF

Astoria Financial

$21.09

0.08 (0.38%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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TWTR

Twitter

$16.59

-0.39 (-2.30%)

17:20
09/26/17
09/26
17:20
09/26/17
17:20
Hot Stocks
Twitter jumps after announcing testing for longer Tweets »

Shares of Twitter are up…

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SIX

Six Flags

$58.02

0.25 (0.43%)

, PRXL

Parexel

$88.05

0.035 (0.04%)

17:18
09/26/17
09/26
17:18
09/26/17
17:18
Hot Stocks
Six Flags to replace Parexel in S&P 400 at open on 10/2 »

Pamplona Capital…

SIX

Six Flags

$58.02

0.25 (0.43%)

PRXL

Parexel

$88.05

0.035 (0.04%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 28

    Sep

NKE

Nike

17:16
09/26/17
09/26
17:16
09/26/17
17:16
Hot Stocks
Nike says Q1 online sales up 19% »

Says Q1…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 26

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    Oct

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    Oct

HOMB

Home Bancshares

$24.05

0.28 (1.18%)

, SGBK

Stonegate Bank

$51.62

0.59 (1.16%)

17:11
09/26/17
09/26
17:11
09/26/17
17:11
Hot Stocks
Home Bancshares announces completion of the acquisition of Stonegate Bank »

Home BancShares (HOMB)…

HOMB

Home Bancshares

$24.05

0.28 (1.18%)

SGBK

Stonegate Bank

$51.62

0.59 (1.16%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 19

    Oct

TWTR

Twitter

$16.59

-0.39 (-2.30%)

17:11
09/26/17
09/26
17:11
09/26/17
17:11
Hot Stocks
Twitter to begin testing longer 280 character tweets with small group »

Aliza Rosen, product…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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AMH

American Homes 4 Rent

$22.03

0.04 (0.18%)

17:08
09/26/17
09/26
17:08
09/26/17
17:08
Hot Stocks
American Homes 4 Rent estimates to pay $10M in damage from recent hurricanes »

American Homes 4 Rent…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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TMUS

T-Mobile

$63.03

0.14 (0.22%)

17:05
09/26/17
09/26
17:05
09/26/17
17:05
Hot Stocks
T-Mobile to acquire remaining interest of iWireless from Aureon »

T-Mobile US announced the…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 02

    Oct

ZSAN

Zosano Pharma

$0.79

-0.0498 (-5.93%)

17:04
09/26/17
09/26
17:04
09/26/17
17:04
Hot Stocks
Zosano Pharma provides patent application update »

Zosano Pharma received…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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ELUXY

Electrolux AB

$69.63

-0.2675 (-0.38%)

17:02
09/26/17
09/26
17:02
09/26/17
17:02
Downgrade
Electrolux AB rating change  »

Electrolux AB downgraded…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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NOC

Northrop Grumman

$284.74

3.37 (1.20%)

17:01
09/26/17
09/26
17:01
09/26/17
17:01
Hot Stocks
Northrop Grumman COO Flach to retire, Warden named next COO »

Northrop Grumman…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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WBB

Westbury Bancorp

$20.05

-0.3508 (-1.72%)

17:00
09/26/17
09/26
17:00
09/26/17
17:00
Hot Stocks
Breaking Hot Stocks news story on Westbury Bancorp  »

Westbury Bancorp trading…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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