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CME

CME Group

$103.92

-0.35 (-0.34%)

07:45
10/14/16
10/14
07:45
10/14/16
07:45

CME considering change to settlement process for cattle futures, Reuters reports

CME Group, as part of a larger review of the live cattle futures market, is considering switching to a cash settlement process in response to traders' complaints about extreme volatility, reported Reuters, citing comments made by Dave Lehman, managing director of commodity research and product development, at the Reuters Commodities Summit. Reference Link

  • 27

    Oct

CME CME Group
$103.92

-0.35 (-0.34%)

05/20/16
05/20/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on the today's top analyst initiations with this list compiled by The Fly: 1. IntercontinentalExchange (ICE) initiated with a Buy at Sterne Agee CRT by analyst Jason Weaver, who put a $300 price target on shares. The firm has a positive view of what it sees as the company's "leading position and growth trajectory in energy, equity, and fixed income trading and clearing." The firm adds that the company's revenue mix is less volatile than its peers, while synergies and cost controls have made the company more profitable. Weaver also initiated Nasdaq (NDAQ) with a Buy rating and $76 price target, CME Group (CME) with a Neutral rating and $90 price target and CBOE Holdings (CBOE) with an Underperform rating and $56 price target. 2. Akari Therapeutics (AKTX) initiated with a Buy rat Canaccord. The firm set a $33 price target on shares and cited expectations for FDA product approvals and a level of underappreciation by investors for its shares. 3. Ralph Lauren (RL) initiated with a Buy and $115 price target by BB&T analyst Corinna Freedman, who believes Ralph Lauren will be successful in its turnaround and gain relevancy among a new younger demographic due to its strong vertical global brand house with a powerful heritage and sees significant category opportunities remaining in Women's and Accessories. Additionally, Freedman said International growth opportunities remain and Club Monaco repositioning is underappreciated. 4. Johnson & Johnson (JNJ) initiated with a Sell at Standpoint Research and $94 target. 5. PACCAR (PCAR) initiated with a Hold at Argus. The firm said it expects challenging industry conditions to pressure earnings through 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here
08/31/16
JEFF
08/31/16
NO CHANGE
Target $118
JEFF
Buy
CME Group price target raised to $118 from $112 at Jefferies
Jefferies analyst Daniel Fannon raised his price target for CME Group to $118 after traveling with management. The analyst says the diversity of CME's growth continues and he keeps a Buy rating on the shares.
09/12/16
JPMS
09/12/16
NO CHANGE
Target $116
JPMS
Overweight
CME Group price target raised to $116 from $106 at JPMorgan
JPMorgan analyst Kenneth Worthington raised his price target for CME Group to $116 saying the company's product mix benefits from the current market environment. The analyst sees further share upside and keeps an Overweight rating on CME.
09/23/16
RBCM
09/23/16
NO CHANGE
RBCM
CBOE 'likely in the cross-hairs' of bigger peers, says RBC Capital
RBC Capital analyst Andrew Bond said he thinks the strategic risk of a deal whereby CBOE (CBOE) buys Bats Global Markets (BATS), as it has been reported to be in talks to do, outweighs the potential reward. However, he also believe CBOE's relatively small size, limited regulatory risk, clean balance sheet, and strong organic growth make it an attractive target for its largest exchange peers, such as IntercontinentalExchange (ICE) and CME Group (CME). A combined CBOE/BATS would be more difficult to acquire, so if CBOE is to be acquired, "the time is now," added Bond.

TODAY'S FREE FLY STORIES

BBBY

Bed Bath & Beyond

$27.30

-1.37 (-4.78%)

15:04
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  • 19

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IO

ION Geophysical

$9.75

0.05 (0.52%)

15:03
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15:03
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Conference/Events
ION Geophysical management to meet with Evercore ISI »

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  • 20

    Sep

UNIT

Uniti Group

$17.47

-0.93 (-5.05%)

, WIN

Windstream

$2.01

-0.03 (-1.47%)

15:02
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Hot Stocks
S&P downgrades Uniti Group to 'B' on downgrade of Windstream »

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UNIT

Uniti Group

$17.47

-0.93 (-5.05%)

WIN

Windstream

$2.01

-0.03 (-1.47%)

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  • 02

    Oct

WIN

Windstream

$2.01

-0.03 (-1.47%)

, UNIT

Uniti Group

$17.47

-0.93 (-5.05%)

15:02
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09/19
15:02
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15:02
Recommendations
Windstream, Uniti Group analyst commentary  »

Windstream, Uniti selloff…

WIN

Windstream

$2.01

-0.03 (-1.47%)

UNIT

Uniti Group

$17.47

-0.93 (-5.05%)

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  • 02

    Oct

MIK

Michaels

$21.13

-0.36 (-1.68%)

15:00
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Options
Call buyers in Michaels Companies »

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WIN

Windstream

$2.01

-0.03 (-1.47%)

14:59
09/19/17
09/19
14:59
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14:59
Hot Stocks
S&P downgrades Windstream to 'B' with negative outlook »

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RDNT

RadNet

$11.10

-0.05 (-0.45%)

14:59
09/19/17
09/19
14:59
09/19/17
14:59
Hot Stocks
RadNet VP Linden sells 18,000 shares of company stock »

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  • 28

    Sep

14:51
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09/19
14:51
09/19/17
14:51
General news
Mexico Bolsa market halts trading following earthquake, Bloomberg reports »

Equities, fixed income,…

FDX

FedEx

$215.92

0.84 (0.39%)

14:49
09/19/17
09/19
14:49
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14:49
Options
Fedex options imply 4.7% move in share price post-earnings, above median historical move »

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  • 19

    Sep

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    Sep

  • 25

    Sep

UBNT

Ubiquiti

$50.62

-4.335 (-7.89%)

14:47
09/19/17
09/19
14:47
09/19/17
14:47
Technical Analysis
Technical View: Ubiquiti heading down in late afternoon trading »

The shares have been…

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  • 26

    Sep

  • 28

    Nov

VLO

Valero

$72.67

0.47 (0.65%)

14:44
09/19/17
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14:44
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14:44
Periodicals
Valero says responding to fire at Port Arthur refinery, Reuters reports »

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  • 26

    Oct

UBNT

Ubiquiti

$50.62

-4.335 (-7.89%)

14:42
09/19/17
09/19
14:42
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14:42
Recommendations
Ubiquiti analyst commentary  »

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  • 26

    Sep

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    Nov

REV

Revlon

$17.15

1.15 (7.19%)

14:40
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14:40
Hot Stocks
Revlon jumps after majority shareholder Perelman says won't take private »

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GLNG

Golar LNG

$21.04

-0.41 (-1.91%)

14:35
09/19/17
09/19
14:35
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Options
Golar LNG put volume heavy and directionally bearish »

Bearish flow noted in…

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EWW

iShares MSCI Mexico

$55.84

-0.07 (-0.13%)

14:31
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Breaking Hot Stocks news story on iShares MSCI Mexico »

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ICON

Iconix Brand

$5.88

0.19 (3.34%)

14:29
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Initiation
Iconix Brand initiated  »

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  • 28

    Sep

14:26
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General news
Puebla, Mexico hit by 7.1 magnitude earthquake »

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$NSD

NASDAQ Market Internals

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NASDAQ market internals summary »

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SAIC

SAIC

$64.20

0.92 (1.45%)

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$NYE

NYSE Market Internals

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Technical Analysis
NYSE market internals summary »

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UNIT

Uniti Group

$17.47

-0.93 (-5.05%)

14:15
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Options
Uniti Group put volume heavy and directionally bearish »

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  • 02

    Oct

POR

Portland General Electric

$46.57

0.21 (0.45%)

14:15
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14:15
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14:15
Recommendations
Portland General Electric analyst commentary  »

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VOLVY

Volvo

14:01
09/19/17
09/19
14:01
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14:01
Periodicals
Volvo to expand South Carolina production plant, CNBC reports »

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PETS

PetMed Express

$35.81

0.25 (0.70%)

13:55
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PetMed lower after unverified Twitter user mentions SEC investigation »

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BBY

Best Buy

$53.68

-3.6695 (-6.40%)

13:55
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Conference/Events
Best Buy to host investor day »

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  • 19

    Sep

  • 22

    Oct

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