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GM

General Motors

$32.46

-0.22 (-0.67%)

13:00
10/06/16
10/06
13:00
10/06/16
13:00

Ambitious options play in GM

Ambitious options play in GM. 48.5K Mar 37 calls bought for 48c when the bid-ask was 42 to 48c, tied to 825K shares. More than 50K traded total and the activity opens positions struck 13.9% above spot. Call buying is possibly stock replacement ahead of earnings on 10/25.

  • 25

    Oct

GM General Motors
$32.46

-0.22 (-0.67%)

09/19/16
09/19/16
UPGRADE
Target $37

Overweight
General Motors upgraded to Overweight at Morgan Stanley
As previously reported, Morgan Stanley upgraded General Motors to Overweight from Equal Weight and increased its price target to $37 from $29. Analyst Adam Jonas raised near-term earnings estimates 5% above consensus and believes even flat earnings in 2017 and 2018 would be received as a positive surprise by the market. Further, the analyst said investors are underestimating how long the auto cycle can last and that General Motor's earnings and free cash flow could have a materially longer duration than the market is currently discounting. He believes investors are overlooking the time and steps needed for fully autonomous transport and said management has a healthy and realistic acceptance that it can't and should not do everything alone and will likely explore new business structures with the potential of positive values.
09/19/16
09/19/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Adam Jonas saying he believes even flat earnings in 2017 and 2018 would be received as a positive surprise by the market. 2. Wells Fargo (WFC) upgraded to Outperform from Neutral at Baird analyst David George saying he believes the recent pullback is a buying opportunity. 3. Lockheed Martin (LMT) upgraded to Outperform from Market Perform at Wells Fargo with analyst Sam Pearlstein saying he believes the company's earnings can grow 20% per year through 2020. 4. U.S. Steel (X), AK Steel (AKS), and Olympic Steel (ZEUS) were upgraded to Sector Weight from Underweight at KeyBanc with analyst Ivan Marcuse saying the stocks at current levels better reflect the more competitive market conditions he expects in Q4 and 2017. 5. Mattel (MAT) upgraded to Buy from Neutral at Monness Crespi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/20/16
NOMU
09/20/16
INITIATION
Target $33
NOMU
Neutral
General Motors initiated with a Neutral at Nomura
Nomura analyst Anindya Das initiated General Motors with a Neutral and a $33 price target. The analyst said General Motors has significant exposure to the Chinese auto market and is concerned about pricing pressures in the market. Further, the company has yet to break even in Europe on an annual basis and its near-term prospects are clouded by Brexit uncertainties.
10/06/16
GSCO
10/06/16
NO CHANGE
GSCO
Autos and Autos Parts sector downgraded to Cautious from Neutral at Goldman
Goldman analyst David Tamberrino downgraded the Autos and Auto Parts sector to Cautious from Neutral saying the US Auto cycle peaked in 2015 and is being held up by increasing OEM incentives. The analyst said OEM earnings will decline in 2017/2018 as negative pricing and lower production pressure North American results, but expects suppliers' earnings to hold up longer. The analyst sees upside to Delphi (DLPH) and Harman (HAR) given exposure to secular growth areas and upside to Goodyear Tire (GT) given secular HVA tire growth. Tamberrino downgraded Lear (LEA) to Sell citing elevated expectations and valuation, cut BorgWarner (BWA) to Neutral on valuation, downgraded Tesla (TSLA) to Neutral on execution risk and capital deployment, and upgraded AutoNation (AN) to Neutral given a more defensive business.

TODAY'S FREE FLY STORIES

HST

Host Hotels

$19.24

-0.03 (-0.16%)

06:01
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Earnings
Host Hotels reports Q1 EPS 21c, consensus 15c »

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  • 28

    Apr

CVNA

Carvana

06:01
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Syndicate
Carvana 15M share IPO priced at $15.00 »

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  • 28

    Apr

ZYME

Zymeworks

06:00
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04/28
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Syndicate
Zymeworks 4.5M share IPO priced at $13.00 »

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  • 28

    Apr

POR

Portland General Electric

$46.38

0.13 (0.28%)

06:00
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04/28
06:00
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Earnings
Breaking Earnings news story on Portland General Electric »

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  • 28

    Apr

FB

Facebook

$147.70

1.14 (0.78%)

06:00
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04/28
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Hot Stocks
Facebook makes Messenger Lite available in 150 additional countries »

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  • 03

    May

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    May

  • 16

    May

POR

Portland General Electric

$46.38

0.13 (0.28%)

05:59
04/28/17
04/28
05:59
04/28/17
05:59
Earnings
Portland General Electric reports Q1 EPS 82c, consensus 82c »

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  • 28

    Apr

GOOG

Alphabet

$874.25

2.52 (0.29%)

, GOOGL

Alphabet Class A

$891.44

2.3 (0.26%)

05:58
04/28/17
04/28
05:58
04/28/17
05:58
Recommendations
Alphabet, Alphabet Class A analyst commentary  »

Alphabet price target…

GOOG

Alphabet

$874.25

2.52 (0.29%)

GOOGL

Alphabet Class A

$891.44

2.3 (0.26%)

03/08/13
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  • 02

    May

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    May

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    May

PCLN

Priceline

$1,835.87

31.75 (1.76%)

05:55
04/28/17
04/28
05:55
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05:55
Recommendations
Priceline analyst commentary  »

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  • 08

    May

  • 09

    May

WY

Weyerhaeuser

$34.67

0.41 (1.20%)

05:54
04/28/17
04/28
05:54
04/28/17
05:54
Hot Stocks
Weyerhaeuser sees Q2 Timberlands earnings, adj. EBITDA comparable to last year »

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  • 28

    Apr

WY

Weyerhaeuser

$34.67

0.41 (1.20%)

05:51
04/28/17
04/28
05:51
04/28/17
05:51
Earnings
Weyerhaeuser reports Q1 EPS 21c, consensus 18c »

Reports Q1 revenue $1.7B,…

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  • 28

    Apr

CYAD

Celyad

05:47
04/28/17
04/28
05:47
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05:47
Hot Stocks
Celyad initiates second dose escalation in THINK trial in first U.S. patient »

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  • 03

    May

GWB

Great Western

$43.11

-1.73 (-3.86%)

05:44
04/28/17
04/28
05:44
04/28/17
05:44
Downgrade
Great Western rating change  »

Great Western downgraded…

03/08/13
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SNY

Sanofi

$46.91

0.49 (1.06%)

05:43
04/28/17
04/28
05:43
04/28/17
05:43
Earnings
Sanofi sees FY17 business EPS stable to down 3% at CER »

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  • 03

    May

SNY

Sanofi

$46.91

0.49 (1.06%)

05:43
04/28/17
04/28
05:43
04/28/17
05:43
Earnings
Sanofi reports Q1 business EPS EUR 1.42 vs. EUR 1.34 last year »

Reports Q1 revenue EUR…

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  • 03

    May

REGN

Regeneron

$366.62

-4.77 (-1.28%)

, SNY

Sanofi

$46.91

0.49 (1.06%)

05:38
04/28/17
04/28
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Hot Stocks
Regeneron, Sanofi announce Kevzara BLA resubmission accepted by FDA »

Regeneron Pharmaceuticals…

REGN

Regeneron

$366.62

-4.77 (-1.28%)

SNY

Sanofi

$46.91

0.49 (1.06%)

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  • 03

    May

  • 07

    May

BLDP

Ballard Power

$3.14

0.14 (4.67%)

05:36
04/28/17
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Hot Stocks
Ballard Power signs further follow-on agreement with global auto OEM »

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  • 02

    May

CHKP

Check Point

$104.39

0.17 (0.16%)

05:36
04/28/17
04/28
05:36
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05:36
Upgrade
Check Point rating change  »

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  • 09

    May

  • 12

    Jun

VRS

Verso

05:34
04/28/17
04/28
05:34
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Initiation
Verso initiated  »

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  • 12

    May

GFSZY

G4S

$19.72

0.38 (1.96%)

05:33
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04/28
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05:33
Initiation
G4S initiated  »

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NFLX

Netflix

$153.08

2.91 (1.94%)

05:33
04/28/17
04/28
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05:33
Hot Stocks
Netflix signs licensing agreement with iQIYI »

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  • 08

    May

  • 05

    Jun

HOPE

Hope Bancorp

$19.15

-0.26 (-1.34%)

05:32
04/28/17
04/28
05:32
04/28/17
05:32
Earnings
Hope Bancorp reports Q1 EPS 27c, consensus 31c »

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CEI

Camber Energy

$0.36

-0.0726 (-16.88%)

, ENRJ

EnerJex Resources

$0.51

0.0373 (7.92%)

05:26
04/28/17
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05:26
Hot Stocks
Camber Energy announces cost-cutting initiatives, moves HQ, COO resignation »

Camber Energy (CEI)…

CEI

Camber Energy

$0.36

-0.0726 (-16.88%)

ENRJ

EnerJex Resources

$0.51

0.0373 (7.92%)

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PBF

PBF Energy

$23.10

0.18 (0.79%)

, WDR

Waddell & Reed

$17.85

0.08 (0.45%)

04:55
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04/28
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Hot Stocks
Breaking Hot Stocks news story on PBF Energy, Waddell & Reed »

PBF Energy to replace…

PBF

PBF Energy

$23.10

0.18 (0.79%)

WDR

Waddell & Reed

$17.85

0.08 (0.45%)

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  • 02

    May

  • 04

    May

WWD

Woodward

$67.57

-0.48 (-0.71%)

04:55
04/28/17
04/28
04:55
04/28/17
04:55
Conference/Events
Woodward management to meet with Jefferies »

Meeting to be held in…

03/08/13
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  • 28

    Apr

  • 05

    May

  • 09

    May

  • 11

    May

BYSI

BeyondSpring

$25.00

2.14 (9.36%)

04:55
04/28/17
04/28
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04:55
Conference/Events
Beyond Spring to hold a conference call »

Chairman & CEO Huang…

03/08/13
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  • 28

    Apr

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