Today's noteworthy downgrades include: Allete (ALE) downgraded to Neutral at Baird... Avianca (AVH) downgraded to Underperform from Neutral at BofA/Merrill... Copa Holdings (CPA) downgraded to Neutral from Buy at BofA/Merrill... Crestwood Midstream (CMLP) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Diamond Offshore (DO) downgraded to Underperform from Market Perform at FBR Capital... EP Energy (EPE) downgraded to Neutral from Buy at Guggenheim... Fluidigm (FLDM) downgraded to Neutral from Buy at Mizuho... GOL Linhas (GOL) downgraded to Underperform from Neutral at BofA/Merrill... Green Dot (GDOT) downgraded to Neutral from Buy at Compass Point... Huntington Ingalls (HII) downgraded on played out thesis at Bernstein... Magnum Hunter (MHR) downgraded to Neutral from Buy at Citigroup... Micrel (MCRL) downgraded to Hold from Buy at Stifel... Monster Beverage (MNST) downgraded to Neutral from Conviction Buy at Goldman... NVIDIA (NVDA) downgraded to Neutral from Buy at Roth Capital... Natural Gas Services (NGS) downgraded to Neutral from Buy at CL King... Quality Distribution (QLTY) downgraded to Underperform from Market Perform at Avondale... Rosetta Stone (RST) downgraded to Market Perform from Outperform at Barrington... Teradata (TDC) downgraded to Hold from Buy at Summit Research... TreeHouse (THS) downgraded to Neutral from Buy at BofA/Merrill... Two Harbors (TWO) downgraded to Market Perform from Outperform at Keefe Bruyette... Ubiquiti Networks (UBNT) downgraded to Market Perform from Outperform at Raymond James.

Wednesday's total option volume of 42.3 million contracts resulted in net open interest growth of 4.78 million calls and 3.88 million puts. Tesla (TSLA), Meta Platforms (Facebook) (META), Ford (F) and NVIDIA (NVDA) saw the greatest growth. Top five new positions opened include 42k Tesla (TSLA) Aug-24 185 calls, 35k Taiwan Semi (TSM) Aug-24 110 calls, 30k Capri Holdings (CPRI) May-24 35 calls, 29k Ford (F) 4/26 weekly 13.5 calls and 26k Tesla (TSLA) 5/3 weekly 75 puts.

Truist downgraded Monster Beverage to Sell from Buy with a price target of $46, down from $65.

JPMorgan analyst Andrea Teixeira downgraded Monster Beverage to Neutral from Overweight with a price target of $59, down from $66, ahead of the company's Q1 earnings report on May 8. While the shares have already sold off, there are limited catalysts to the upside at this point as "long-hoped for potential price increases somehow lost their attractiveness" due to the latest run up in aluminum prices and an already-stretched lower income consumer, the analyst tells investors in a research note. Moreover, the firm says Monster's tracked and untracked channel trends are still challenged and it appears that household penetration and buy rates are pressured.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Microsoft (MSFT) is scheduled to report results of the third quarter of its fiscal year 2024 after the market close on Thursday, April 25, with a conference call scheduled for 5:30 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSAudioEye (AEYE) up... To see the rest of the story go to thefly.com. See Story Here