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VALE

Vale

$7.66

0.42 (5.80%)

, GPRO

GoPro

$9.91

-0.11 (-1.10%)

07:30
11/22/16
11/22
07:30
11/22/16
07:30

Unusual put flow in option market yesterday

Notable put activity was cited Monday in Vale (VALE), GoPro (GPRO), Oasis Petroleum (OAS), Glu Mobile (GLUU), Canadian National (CNI), Chico's (CHS), and Ares Capital (ARCC).

VALE

Vale

$7.66

0.42 (5.80%)

GPRO

GoPro

$9.91

-0.11 (-1.10%)

OAS

Oasis Petroleum

$13.40

1.03 (8.33%)

GLUU

Glu Mobile

$2.36

0.16 (7.27%)

CNI

Canadian National

$65.97

1.58 (2.45%)

CHS

Chico's

$13.99

-0.31 (-2.17%)

ARCC

Ares Capital

$15.73

0.03 (0.19%)

  • 22

    Nov

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    Nov

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    Nov

  • 05

    Dec

  • 07

    Dec

  • 12

    Dec

  • 13

    Dec

  • 15

    Dec

VALE Vale
$7.66

0.42 (5.80%)

10/20/16
IBBA
10/20/16
UPGRADE
IBBA
Outperform
Vale upgraded to Outperform from Market Perform at Itau BBA
11/01/16
SBSH
11/01/16
UPGRADE
SBSH
Neutral
Vale upgraded to Neutral from Sell at Citi
09/21/16
LEHM
09/21/16
UPGRADE
Target $4
LEHM
Equal Weight
Vale upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Amos Fletcher upgraded Vale to Equal Weight with a $4 price target.
09/12/16
JPMS
09/12/16
UPGRADE
Target $7
JPMS
Overweight
Vale upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Rodolfo Angele upgrade Vale to Overweight saying he now expects the company to post positive free cash flow in 2017 and beyond amid more supportive iron ore prices. The analyst raised his price target for the shares to $7 from $5.
GPRO GoPro
$9.91

-0.11 (-1.10%)

11/09/16
RAJA
11/09/16
DOWNGRADE
RAJA
Market Perform
GoPro downgraded to Market Perform from Outperform at Raymond James
11/09/16
11/09/16
DOWNGRADE

Market Perform
GoPro downgraded to Market Perform after drone recall at Raymond James
As previously reported, Raymond James downgraded GoPro to Market Perform from Outperform following the company's announcement of an immediate recall of the roughly 2,500 Karma drones purchased since launch on October 23.. Analyst Tavis McCourt is concerned about GoPro's brand image following a 12-18 month period of product management missteps and its ability to broaden its product portfolio into different areas. McCourt didn't make any changes to 2016 estimates but is less comfortable in potential upside and sustainability of growth in 2017 and beyond.
11/09/16
DOTC
11/09/16
DOWNGRADE
DOTC
Sell
GoPro downgraded to Sell from Neutral at Dougherty
Dougherty downgraded GoPro to Sell from Neutral and lowered its price target to $6 following the drone recall. The analyst is concerned about management's multiple operational stumbles, weak Hero 5 demand, and elevated valuation.
11/09/16
11/09/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. JPMorgan (JPM) downgraded to Neutral from Outperform at Baird with analyst David George noting the stock's outperformance and the higher re-rating of its valuation multiple. 2. GoPro (GPRO) downgraded to Neutral from Outperform at Wedbush, to Market Perform from Outperform at Raymond James, and to Sell from Neutral at Dougherty. 3. Universal Health (UHS) downgraded to Neutral from Buy at BofA/Merrill, to Neutral from Buy at Mizuho, and to Market Perform from Outperform at Avondale. 4. Globus Medical (GMED) downgraded to Market Perform from Outperform at JMP Securities, to Perform from Outperform at Oppenheimer, and to Market Perform from Outperform at William Blair. 5. Delphi (DLPH) and Magna (MGA) were downgraded to Underperform from Buy at BofA/Merrill while the firm downgraded Lear (LEA), American Axle (AXL), Adient (ADNT), and BorgWarner (BWA) to Underperform from Neutral. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
OAS Oasis Petroleum
$13.40

1.03 (8.33%)

10/24/16
BOFA
10/24/16
UPGRADE
BOFA
Buy
Oasis Petroleum upgraded to Buy from Neutral at BofA/Merrill
11/09/16
WDLK
11/09/16
UPGRADE
Target $14
WDLK
Buy
Oasis Petroleum upgraded to Buy from Hold at Wunderlich
Wunderlich analyst Irene Haas upgraded Oasis Petroleum to Buy citing the resumption of growth following the company's Q3 results. The analyst raised his price target raised to $14 from $13.
11/10/16
DBAB
11/10/16
UPGRADE
Target $16
DBAB
Buy
Oasis Petroleum upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Josh Silverstein upgraded Oasis Petroleum to Buy saying the company's outlook is now more sustainable at less than $50 per barrel oil while the SM acquisition improved its core Williston position. The analyst raised his price target for Oasis to $16 from $13.
10/20/16
TUDR
10/20/16
UPGRADE
TUDR
Buy
Oasis Petroleum upgraded to Buy from Hold at Tudor Pickering
Tudor Pickering upgraded Oasis Petroleum to Buy due to the $785M Bakken acquisition announcement, deleveraging in 2018, and NAV expansion.
GLUU Glu Mobile
$2.36

0.16 (7.27%)

05/04/16
ROTH
05/04/16
DOWNGRADE
ROTH
Neutral
Glu Mobile downgraded to Neutral from Buy at Roth Capital
06/21/16
PIPR
06/21/16
NO CHANGE
PIPR
Overweight
Glu Mobile app rankings suggests mixed Q2, says Piper Jaffray
Piper Jaffray analyst Michael Olson said his analysis of iOS app rankings in Q2 suggests Glu Mobile's (GLUU) Kendall & Kylie game dropped in the rankings after a brief time among the top 20 last quarter, but that its number of titles ranked in the top 200 during Q2 increased modestly to 5.7 from 4.9 last quarter. The analyst, who thinks the company had relatively conservative assumptions for all titles in Q2, thinks the data suggest a mixed Q2 for Glu and keeps an Overweight rating $3.50 price target on the shares. In separate notes to investors, Olson also indicated that the average rank of top 5 titles of Activision's (ATVI) King Digital unit have not changed significantly from Q1 to Q2 and that number of Zynga (ZNGA) games ranked in the top 20 was down only modestly quarter-over-quarter. The firm has a Neutral rating on Zynga and an Overweight rating on Activision Blizzard.
05/04/16
ROTH
05/04/16
DOWNGRADE
Target $2.5
ROTH
Neutral
Glu Mobile downgraded to Neutral at Roth Capital
As previously reported, Roth Capital downgraded Glu Mobile to Neutral from Buy given the lack of growth and catalysts. Analyst Darren Aftahi notes that Q1 outperformed estimates, but says a weak Q2 and 2016 guide underscore the fading grossing ranks of the company's game catalog, as well as "mediocre" game beta performances. The analyst lowered his price target on the shares to $2.50 from $4.15.
08/03/16
NORL
08/03/16
DOWNGRADE
Target $2.25
NORL
Market Perform
Glu Mobile downgraded to Market Perform from Outperform at Northland
Northland analyst Jeff Houston downgraded Glu Mobile to Market Perform from Outperform after the company lowered 2016 guidance due to declining legacy-portfolio revenue, two games slipping into 2017 and weakness with two other current games. Houston cut his price target on the stock to $2.25 from $2.70.
CNI Canadian National
$65.97

1.58 (2.45%)

10/17/16
RAJA
10/17/16
DOWNGRADE
RAJA
Market Perform
Canadian National downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Steve Hansen downgraded Canadian National to Market Perform due to valuation.
09/26/16
LOOP
09/26/16
INITIATION
LOOP
Hold
Canadian National initiated with a Hold at Loop Capital
10/28/16
GHSC
10/28/16
INITIATION
Target $64
GHSC
Neutral
Canadian National initiated with a Neutral at Seaport Global
Seaport Global analyst Mark Levin initiated Canadian Natural with a Neutral and $64 price target citing high relative valuation.
10/11/16
VERT
10/11/16
INITIATION
VERT
Hold
Canadian National initiated with a Hold at Vertical Research
CHS Chico's
$13.99

-0.31 (-2.17%)

11/16/16
NOMU
11/16/16
DOWNGRADE
NOMU
Neutral
Chico's downgraded to Neutral from Buy at Nomura
11/15/16
KEYB
11/15/16
DOWNGRADE
KEYB
Sector Weight
Chico's downgraded to Sector Weight from Overweight at KeyBanc
11/15/16
KEYB
11/15/16
DOWNGRADE
KEYB
Sector Weight
Chico's downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Edward Yruma downgraded Chico's FAS to Sector Weight citing valuation with the stock up 25% since November 4.
11/16/16
11/16/16
DOWNGRADE

Neutral
Chico's downgraded to Neutral due to valuation at Nomura
As previously reported, Nomura downgraded Chico's to Neutral from Buy citing valuation.
ARCC Ares Capital
$15.73

0.03 (0.19%)

06/28/16
NSCC
06/28/16
INITIATION
Target $16
NSCC
Neutral
Ares Capital initiated with a Neutral at National Securities
National Securities initiated Ares Capital with a Neutral and $16 price target due to valuation.
08/05/16
OPCO
08/05/16
NO CHANGE
OPCO
Oppenheimer goes to Not Rated on American Capital Senior Floating
Oppenheimer analyst Chris Kotowski went to Not Rated on American Capital Senior Floating (ACSF) from his previous Outperform rating, citing the company's announced acquisition by Ares Capital (ARCC) that is expected to close in 2017.
10/31/16
JANY
10/31/16
INITIATION
Target $16.5
JANY
Neutral
Ares Capital initiated with a Neutral at Janney Capital
Janney Capital analyst Mitchel Penn initiated Ares Capital with a Neutral rating and $16.50 fair value estimate.
07/22/16
RHCO
07/22/16
NO CHANGE
RHCO
Ares Capital named Top Pick at SunTrust
SunTrust named Ares Capital as its top pick, citing what it sees as potential positive catalysts from the company's acquisition of American Capital in 2018 and beyond. The firm says that Ares' valuation is attractive, and it keeps a Buy rating on the shares.

TODAY'S FREE FLY STORIES

LULU

lululemon

$57.24

0.12 (0.21%)

11:22
12/07/16
12/07
11:22
12/07/16
11:22
Earnings
On The Fly: What to watch in lululemon earnings report »

Lululemon (LULU) is…

03/08/13
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03/06/13
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03/06/13
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  • 07

    Dec

  • 09

    Jan

11:20
12/07/16
12/07
11:20
12/07/16
11:20
General news
Treasury Option Action: a rash of put selling in the belly »

Treasury Option Action: a…

ABT

Abbott

$37.67

-0.75 (-1.95%)

, ALR

Alere

$39.65

-0.21 (-0.53%)

11:19
12/07/16
12/07
11:19
12/07/16
11:19
Hot Stocks
Abbott seeks to terminate Alere deal, citing loss of value since agreement »

Abbott (ABT) announced…

ABT

Abbott

$37.67

-0.75 (-1.95%)

ALR

Alere

$39.65

-0.21 (-0.53%)

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

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  • 07

    Dec

$NYE

NYSE Market Internals

11:16
12/07/16
12/07
11:16
12/07/16
11:16
Technical Analysis
NYSE market internals summary »

Breadth is bullish across…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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$NSD

NASDAQ Market Internals

11:16
12/07/16
12/07
11:16
12/07/16
11:16
Technical Analysis
NASDAQ market internals summary »

Volume is light for this…

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

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11:15
12/07/16
12/07
11:15
12/07/16
11:15
Conference/Events
JPMorgan life sciences analyst holds an analyst/industry conference call »

Life Science Tools and…

ABT

Abbott

$37.63

-0.79 (-2.06%)

, ALR

Alere

$39.67

-0.19 (-0.48%)

11:15
12/07/16
12/07
11:15
12/07/16
11:15
Hot Stocks
Breaking Hot Stocks news story on Abbott, Alere »

Abbott files complaint to…

ABT

Abbott

$37.63

-0.79 (-2.06%)

ALR

Alere

$39.67

-0.19 (-0.48%)

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

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  • 07

    Dec

ALR

Alere

$39.70

-0.1601 (-0.40%)

11:13
12/07/16
12/07
11:13
12/07/16
11:13
Hot Stocks
Breaking Hot Stocks news story on Alere »

Alere trading halted,…

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

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11:11
12/07/16
12/07
11:11
12/07/16
11:11
Conference/Events
JPMorgan pharmaceuticals major/specialty holds analyst/industry conference call »

Pharmaceuticals--Major…

IWM

iShares Trust Russell 2000 Index Fund

$134.66

0.07 (0.05%)

11:10
12/07/16
12/07
11:10
12/07/16
11:10
Options
Put spread in iShares Russell 2000 closes position opened Nov 17th »

Put spread in iShares…

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

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IDCC

InterDigital

$82.40

1.05 (1.29%)

11:08
12/07/16
12/07
11:08
12/07/16
11:08
Downgrade
InterDigital rating change  »

InterDigital downgraded…

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

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11:07
12/07/16
12/07
11:07
12/07/16
11:07
Conference/Events
JPMorgan U.K. utilities analyst holds an analyst/industry conference call »

U.K. Utilities Analyst…

HAIN

Hain Celestial

$39.20

-0.03 (-0.08%)

, NSRGY

Nestle

$67.79

0.09 (0.13%)

11:06
12/07/16
12/07
11:06
12/07/16
11:06
Hot Stocks
Hain Celestial names Gary Tickle COO »

The Hain Celestial Group…

HAIN

Hain Celestial

$39.20

-0.03 (-0.08%)

NSRGY

Nestle

$67.79

0.09 (0.13%)

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

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11:02
12/07/16
12/07
11:02
12/07/16
11:02
Conference/Events
JPMorgan metals, mining & steel analysts hold analyst/industry conference call »

Metals, Mining &…

AVT

Avnet

$47.09

0.4 (0.86%)

11:00
12/07/16
12/07
11:00
12/07/16
11:00
Hot Stocks
Avnet enters collaboration with Micro Focus »

Avnet and Micro Focus are…

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

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SPGI

S&P Global

$113.07

-0.5 (-0.44%)

11:00
12/07/16
12/07
11:00
12/07/16
11:00
Conference/Events
JPMorgan Brazilian Ethanol analysts hold an analyst/industry conference call »

Analysts, along with…

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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  • 07

    Dec

  • 07

    Dec

  • 14

    Dec

MT

ArcelorMittal

$8.49

0.145 (1.74%)

11:00
12/07/16
12/07
11:00
12/07/16
11:00
Options
Arcelor Mittal calls active as shares reach 52-week highs »

Arcelor Mittal calls…

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

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10:55
12/07/16
12/07
10:55
12/07/16
10:55
Conference/Events
The SEC to hold a committee meeting »

Advisory Committee on…

XRX

Xerox

$9.73

0.43 (4.62%)

10:52
12/07/16
12/07
10:52
12/07/16
10:52
Technical Analysis
Xerox rallies sharply on very heavy volume, levels to watch »

In a weaker overall tape…

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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  • 07

    Dec

WDC

Western Digital

$63.85

1.76 (2.83%)

, MU

Micron

$19.06

0.45 (2.42%)

10:52
12/07/16
12/07
10:52
12/07/16
10:52
Hot Stocks
Brean Capital leads bullish analysts in upping Western Digital targets »

The shares of Western…

WDC

Western Digital

$63.85

1.76 (2.83%)

MU

Micron

$19.06

0.45 (2.42%)

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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  • 07

    Dec

  • 21

    Dec

CAVM

Cavium

$61.47

4.41 (7.73%)

10:51
12/07/16
12/07
10:51
12/07/16
10:51
Conference/Events
Cavium management to meet with Canaccord »

Meeting to be held in…

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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  • 08

    Dec

  • 14

    Dec

ARI

Apollo Commercial

$17.61

0.1 (0.57%)

10:50
12/07/16
12/07
10:50
12/07/16
10:50
Conference/Events
Apollo Commercial management to meet with JMP Securities »

Meeting to be held in the…

03/08/13
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03/06/13
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03/06/13
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  • 08

    Dec

FTNT

Fortinet

$29.93

-0.29 (-0.96%)

10:50
12/07/16
12/07
10:50
12/07/16
10:50
Options
Bullish flow in Fortinet includes a three-way spread »

Bullish flow in Fortinet…

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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  • 12

    Dec

MAR

Marriott

$82.08

1.08 (1.33%)

10:49
12/07/16
12/07
10:49
12/07/16
10:49
Hot Stocks
Marriott's Luxury Collection announces five openings across Europe »

The Luxury Collection,…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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AI

Arlington Asset Investment

$16.57

-0.02 (-0.12%)

10:48
12/07/16
12/07
10:48
12/07/16
10:48
Conference/Events
Arlington Asset Investment management to meet with JMP Securities »

Meeting to be held in New…

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

    Dec

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