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S

Sprint

$6.78

0.05 (0.74%)

06:46
10/12/16
10/12
06:46
10/12/16
06:46

Sprint commences offer of up to $3.5B of wireless spectrum-backed notes

Sprint announced that three wholly owned special purpose subsidiaries have commenced an offer of up to $3.5B of wireless spectrum-backed notes in three series with varying maturities in a private transaction that is exempt from the registration requirements of the Securities Act of 1933. The Issuers' directly owned subsidiaries will acquire a portfolio of FCC licenses and a small number of third-party leased license agreements from subsidiaries of Sprint, which comprise a portion of Sprint's 2.5GHz and 1.9GHz spectrum holdings, representing approximately 14 percent of Sprint's total spectrum holdings on a MHz-pops basis. The Spectrum Portfolio is currently utilized by approximately 77% of all of Sprint's 2.5GHz enabled sites and approximately 33% of Sprint's 1.9GHz enabled sites. The Spectrum Portfolio will be leased back to Sprint Communications pursuant to a long-term lease agreement, the rental payments for which are sufficient to service the Notes. Based on an independent third-party valuation, the central value of the Spectrum Portfolio as of June 30, 2017, based on the various assumptions and limitations set forth in the valuation report, is approximately $16.4B. The Notes are being issued pursuant to a $7B program established for this structure, consisting of the initial issuance and potentially future issuances, subject to certain conditions. The Notes are expected to be rated investment grade by both Moody's and Fitch. The consummation of the Notes offering is subject to market and other conditions and is anticipated to close in early November 2016.

  • 25

    Oct

  • 01

    Nov

S Sprint
$6.78

0.05 (0.74%)

09/20/16
PIPR
09/20/16
NO CHANGE
PIPR
Overweight
Piper survey shows decline in iPhone upgrade interest
Piper Jaffray analyst Gene Munster says his firm's survey of 403 U.S. iPhone owners suggests that interest in an iPhone 7 upgrade declined after the announcement of the device. The data contradicts "generally positive" initial demand indicators including from carriers including T-Mobile (TMUS) and Sprint (S), Munster tells investors in a research note. The analyst questions iPhone 7 demand into Apple's (AAPL) March and June quarters but remains confident in his thinking for flattish growth for iPhone 7 versus iPhone 6. Munster reiterates an Overweight rating on Apple.
09/15/16
FBCO
09/15/16
NO CHANGE
Target $150
FBCO
Outperform
Credit Suisse raises Apple iPhone estimates on survey, carrier comments
Credit Suisse analyst Kulbinder Garcha said that build plans noted by the firm's tech team in Japan, the firm's proprietary iPhone survey and recent announcements from Sprint (S) and T-Mobile (TMUS) all lead him to now believe that Apple's (AAPL) iPhone 7 cycle may be stronger than anticipated. Accordingly, Garcha increased his calendar year 2016 iPhone volume estimate to 215M from 208M and took his calendar year 2017 estimate up to 221M units from 217M units. Additionally, two recent surveys conducted by the firm point to a potential beneficial mix shift, as more buyers appear to be shifting toward the Plus model compared to the mix in the iPhone 6s cycle, Garcha tells investors. The analyst reiterates an Outperform rating and $150 price target on Apple shares, which closed yesterday at $111.77.
09/13/16
WELS
09/13/16
NO CHANGE
WELS
Market Perform
Apple iPhone 7 strength consistent with view, says Wells Fargo
Wells Fargo analyst Maynard Um says the iPhone 7 pre-order strength announced by T-Mobile (TMUS) and Sprint (S) is consistent with his view that "aggressive carrier promotions" should help to drive sales of the next generation phone. Um still expects Apple's multiple expansion to be limited given the "limited visibility and some concern into the March quarter." The analyst keeps a Market Perform rating on Apple shares with a $105-$120 price target range.
09/12/16
DBAB
09/12/16
DOWNGRADE
DBAB
Hold
SoftBank downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Peter Milliken downgraded Softbank (SFTBY) to Hold saying the company's rebuilding efforts should take time. The analyst expects the stock to trade largely in line with Alibaba (BABA), Sprint (S) and the yen over the next 12 months, and he feels much of the upside has already been realized in the first two.

TODAY'S FREE FLY STORIES

LNKD

LinkedIn

, MSFT

Microsoft

$61.37

1.42 (2.37%)

14:58
12/08/16
12/08
14:58
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14:58
Hot Stocks
NYSE informs SEC of plans to delist LinkedIn stock after Microsoft deal closing »

In a regulatory filing,…

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LinkedIn

MSFT

Microsoft

$61.37

1.42 (2.37%)

03/08/13
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PVTB

PrivateBancorp

$52.39

0.25 (0.48%)

, CM

CIBC

$84.66

0.96 (1.15%)

14:55
12/08/16
12/08
14:55
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14:55
Hot Stocks
PrivateBancorp at highs as report claims third party approach »

PrivateBancorp (PVTB),…

PVTB

PrivateBancorp

$52.39

0.25 (0.48%)

CM

CIBC

$84.66

0.96 (1.15%)

03/08/13
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  • 08

    Dec

AVGO

Broadcom

$168.55

3.79 (2.30%)

14:49
12/08/16
12/08
14:49
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14:49
Options
Broadcom options imply 6.8% move in share price post-earnings, below median historical move »

Pre-earnings options…

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  • 08

    Dec

SPWR

SunPower

$7.95

0.99 (14.22%)

14:45
12/08/16
12/08
14:45
12/08/16
14:45
Options
SunPower call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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FNSR

Finisar

$32.24

0.51 (1.61%)

14:43
12/08/16
12/08
14:43
12/08/16
14:43
Technical Analysis
Finisar technical comments ahead of earnings news, potential bearish pattern »

The key technical feature…

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  • 08

    Dec

MBLY

Mobileye

$35.64

-1.735 (-4.64%)

14:40
12/08/16
12/08
14:40
12/08/16
14:40
Recommendations
Mobileye analyst commentary  »

Mobileye comments…

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  • 08

    Dec

  • 10

    Jan

MGNX

MacroGenics

$26.47

-1.77 (-6.27%)

14:40
12/08/16
12/08
14:40
12/08/16
14:40
Conference/Events
MacroGenics to host research and development day »

Research and Development…

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  • 13

    Dec

14:40
12/08/16
12/08
14:40
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14:40
General news
FOMC Forecast revisions »

FOMC Forecast revisions…

AZO

AutoZone

$811.19

1.315 (0.16%)

, ORLY

O'Reilly Automotive

$285.20

7.52 (2.71%)

14:39
12/08/16
12/08
14:39
12/08/16
14:39
Hot Stocks
Icahn negative on automotive replacement retailers »

Carl Icahn, while…

AZO

AutoZone

$811.19

1.315 (0.16%)

ORLY

O'Reilly Automotive

$285.20

7.52 (2.71%)

AMZN

Amazon.com

$770.42

5.7 (0.75%)

AAP

Advance Auto Parts

$177.03

0.25 (0.14%)

03/08/13
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  • 14

    Dec

ESRX

Express Scripts

$75.85

-0.88 (-1.15%)

, VRX

Valeant

$15.54

0.455 (3.02%)

14:38
12/08/16
12/08
14:38
12/08/16
14:38
Hot Stocks
Express Scripts denies being anything 'like Philidor' »

Contacted by The Fly to…

ESRX

Express Scripts

$75.85

-0.88 (-1.15%)

VRX

Valeant

$15.54

0.455 (3.02%)

03/08/13
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  • 13

    Dec

  • 14

    Dec

  • 16

    Feb

DAL

Delta Air Lines

$51.69

0.59 (1.15%)

14:36
12/08/16
12/08
14:36
12/08/16
14:36
Conference/Events
Delta Air Lines to host investor meeting »

Investor Day to be held…

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  • 15

    Dec

MTN

Vail Resorts

$161.72

-1.01 (-0.62%)

14:36
12/08/16
12/08
14:36
12/08/16
14:36
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

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  • 08

    Dec

AVGO

Broadcom

$168.55

3.79 (2.30%)

, COO

Cooper Companies

$168.47

0.08 (0.05%)

14:36
12/08/16
12/08
14:36
12/08/16
14:36
Earnings
Notable companies reporting after market close »

Notable companies…

AVGO

Broadcom

$168.55

3.79 (2.30%)

COO

Cooper Companies

$168.47

0.08 (0.05%)

FNSR

Finisar

$32.24

0.51 (1.61%)

RH

Restoration Hardware

$38.65

0.7137 (1.88%)

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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  • 08

    Dec

  • 08

    Dec

  • 08

    Dec

  • 08

    Dec

  • 13

    Dec

IWM

iShares Trust Russell 2000 Index Fund

$137.92

2.015 (1.48%)

14:30
12/08/16
12/08
14:30
12/08/16
14:30
Options
Big option play opened in the Small Cap Fund as shares reach new highs »

Big option play opened in…

03/08/13
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CHK

Chesapeake

$7.52

-0.065 (-0.86%)

14:30
12/08/16
12/08
14:30
12/08/16
14:30
Hot Stocks
Icahn says does not own shares of Chesapeake »

Carl Icahn is speaking on…

03/08/13
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VLO

Valero

$68.72

1.18 (1.75%)

, WNR

Western Refining

$39.18

-0.32 (-0.81%)

14:29
12/08/16
12/08
14:29
12/08/16
14:29
Hot Stocks
Icahn says refining stocks sold off because of EPA »

Carl Icahn is speaking on…

VLO

Valero

$68.72

1.18 (1.75%)

WNR

Western Refining

$39.18

-0.32 (-0.81%)

TSO

Tesoro

$90.89

-1.11 (-1.21%)

MPC

Marathon Petroleum

$50.14

0.485 (0.98%)

PSX

Phillips 66

$87.91

0.9 (1.03%)

DK

Delek US

$24.13

0.75 (3.21%)

HFC

HollyFrontier

$33.95

0.93 (2.82%)

03/08/13
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03/06/13
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03/06/13
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14:27
12/08/16
12/08
14:27
12/08/16
14:27
Hot Stocks
Icahn says involved with board, news will be out in next week »

Carl Icahn, while…

FB

Facebook

$117.95

0.64 (0.55%)

, TWTR

Twitter

$19.39

-0.0942 (-0.48%)

14:27
12/08/16
12/08
14:27
12/08/16
14:27
Periodicals
Snapchat hits $300M in 2016 sales, sets $1B goal for 2017, The Information says »

Snapchat parent Snap set…

FB

Facebook

$117.95

0.64 (0.55%)

TWTR

Twitter

$19.39

-0.0942 (-0.48%)

03/08/13
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LVS

Las Vegas Sands

$62.49

-0.19 (-0.30%)

, MGM

MGM Resorts

$30.52

0.57 (1.90%)

14:26
12/08/16
12/08
14:26
12/08/16
14:26
Periodicals
Macau government to slash ATM withdrawl limit, SCMP reports »

China's government…

LVS

Las Vegas Sands

$62.49

-0.19 (-0.30%)

MGM

MGM Resorts

$30.52

0.57 (1.90%)

WYNN

Wynn Resorts

$101.99

-0.19 (-0.19%)

MPEL

Melco Crown

$19.55

0.13 (0.67%)

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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KBH

KB Home

$17.32

0.77 (4.65%)

14:25
12/08/16
12/08
14:25
12/08/16
14:25
Options
KB Home call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
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  • 11

    Jan

LVS

Las Vegas Sands

$62.50

-0.18 (-0.29%)

, MGM

MGM Resorts

$30.55

0.595 (1.99%)

14:21
12/08/16
12/08
14:21
12/08/16
14:21
Periodicals
Breaking Periodicals news story on Las Vegas Sands, MGM Resorts, Wynn Resorts, Melco Crown »

Chinese government to…

LVS

Las Vegas Sands

$62.50

-0.18 (-0.29%)

MGM

MGM Resorts

$30.55

0.595 (1.99%)

WYNN

Wynn Resorts

$101.99

-0.19 (-0.19%)

MPEL

Melco Crown

$19.55

0.13 (0.67%)

03/08/13
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03/06/13
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03/06/13
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NFLX

Netflix

$125.39

0.82 (0.66%)

14:19
12/08/16
12/08
14:19
12/08/16
14:19
Periodicals
California weighing tax for online video streaming, Armstrong Economics says »

Officials from Pasadena…

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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WYNN

Wynn Resorts

$101.99

-0.19 (-0.19%)

, LVS

Las Vegas Sands

$62.59

-0.09 (-0.14%)

14:19
12/08/16
12/08
14:19
12/08/16
14:19
Hot Stocks
Wynn Resorts, Las Vegas Sands fall sharply »

Several casino stocks,…

WYNN

Wynn Resorts

$101.99

-0.19 (-0.19%)

LVS

Las Vegas Sands

$62.59

-0.09 (-0.14%)

MGM

MGM Resorts

$30.55

0.595 (1.99%)

MPEL

Melco Crown

$19.55

0.13 (0.67%)

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

Reynolds American

$54.90

-0.04 (-0.07%)

, PM

Philip Morris

$89.72

-0.155 (-0.17%)

14:18
12/08/16
12/08
14:18
12/08/16
14:18
Hot Stocks
U.S. Surgeon General: E-cigarettes pose 'significant' risk to young people »

U.S. Surgeon General…

RAI

Reynolds American

$54.90

-0.04 (-0.07%)

PM

Philip Morris

$89.72

-0.155 (-0.17%)

MO

Altria Group

$65.42

0.01 (0.02%)

VGR

Vector Group

$21.96

0.28 (1.29%)

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

FedEx

$196.90

0.78 (0.40%)

14:18
12/08/16
12/08
14:18
12/08/16
14:18
Technical Analysis
FedEx extends recent rally, bullish pattern has more room to run »

The shares were last at…

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