Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with a Neutral at Citi... American Eagle (AEO) initiated with a Neutral at Citi... Ascena Retail (ASNA) initiated with a Neutral at Citi... Badger Meter (BMI) initiated with a Hold at Gabelli... Boot Barn (BOOT) initiated with a Neutral at Citi... Burlington Stores (BURL) initiated with a Buy at Citi... Chico's (CHS) initiated with a Neutral at Citi... Coach (COH) initiated with a Neutral at Citi... Cohen & Steers (CNS) initiated with a Market Perform at Keefe Bruyette... Cross Country Healthcare (CCRN) initiated with a Buy at Lake Street... Gap (GPS) initiated with a Neutral at Citi... Harman (HAR) initiated with an Underperform at Jefferies... Itron (ITRI) initiated with a Hold at Gabelli... J.C. Penney (JCP) initiated with a Sell, $7 target at Citi... Kohl's (KSS) initiated with a Neutral at Citi... L Brands (LB) initiated with a Neutral at Citi... Macy's (M) initiated with a Neutral at Citi... Michael Kors (KORS) initiated with a Sell at Citi... Nordstrom (JWN) initiated with a Buy at Citi... Roper Technologies (ROP) initiated with a Buy at Gabelli... Ross Stores (ROST) initiated with a Buy at Citi... SS&C (SSNC) initiated with a Buy at Evercore ISI... Signet Jewelers (SIG) initiated with a Buy at Citi... TJX (TJX) initiated with a Buy at Citi... Tesla (TSLA) initiated with a Sector Perform at RBC Capital... Tiffany (TIF) initiated with a Buy at Citi... TubeMogul (TUBE) initiated with an Overweight at Stephens... Urban Outfitters (URBN) initiated with a Buy at Citi... lululemon (LULU) initiated with a Buy at Citi.

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

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

Institutional investors and professional traders rely on The Fly to keep up-to-the-second on breaking news in the electric vehicle and clean energy space, as well as which stocks in these sectors that the best analysts on Wall Street are saying to buy and sell. From the hotly-debated... To see the rest of the story go to thefly.com. See Story Here

Tesla will cut more than 10% of its workforce globally amid a slowdown in the growth of electric-vehicle sales, Rebecca Elliott, Selina Cheng and Raffaele Huang of Wall Street Journal report, citing an email sent by Chief Executive Elon Musk to employees Monday. Electrek was the first to report the news. Musk cited the company's need to reduce costs and increase productivity for the layoffs, according to the email. Musk said Tesla had scaled up multiple factories across the globe that has led to a duplication of roles and job functions in certain areas, the Journal reports. "As part of the effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally," he wrote. "There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle." Reference Link

Friday's total option volume of 58.8 million contracts resulted in net open interest growth of 5.70 million calls and 5.17 million puts. Apple (AAPL), Tesla (TSLA), NVIDIA (NVDA) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 95k Meta Platforms (Facebook) (META) 6/18 weekly 1030 calls, 42k Tesla (TSLA) Apr-24 177.5 calls, 40k V F Corp (VFC) Mar-25 10 puts, 30k Alphabet Class A (GOOGL) Apr-24 165 calls and 30k Tesla (TSLA) 6/18 weekly 100 calls.

Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Snap... To see the rest of the story go to thefly.com. See Story Here

Tesla has reduced the subscription price for its Full Self-Driving driver-assist software to $99 from $199 per month in the U.S., the company announced in a post on X. Reference Link

Tesla is laying off more than 10% of its global workforce, Electrek's Jameson Dow reports, citing an internal company-wide email. According to the report, this means that at least 14,000 employees will be laid off, but it is unclear which specific teams will be most or least affected by Tesla's layoffs. The company-wide email, which was leaked to the press, said in part that "Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity. As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle." Reference Link

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Salesforce (CRM) is in advanced talks to acquire Informatica (INFA) but the price being discussed is below Informatica's closing stock price of $38.48 as a result of the recent jump, Lauren Thomas, Laura Cooper and Dana Cimilluca of Wall Street Journal report, citing people familiar with the matter. 2. Apple (AAPL) denied violating a court order governing its App Store and urged a California federal judge to reject a request by "Fortnite" developer Epic Games to hold it in contempt, Reuters' Mike Scarcella reports. Apple made the arguments in a filing to U.S. District Judge Yvonne Gonzalez Rogers in Oakland, who presided over Epic's lawsuit in 2020 accusing Apple of violating antitrust law with its tight controls over how consumers download apps and pay for transactions within them. The Apple filing criticized what it called an attempt by Epic to make Apple's "tools and technologies available to developers for free." 3. Netflix (NFLX) is the forgotten tech giant - but its upcoming earnings report should help investors remember why they loved the stock in the first place, Paul R. La Monica writes in this week's edition of Barron's. The streaming-media leader was once part of the Nasdaq's FAANG club, an acronym traders used to describe Facebook parent Meta Platforms (META), Amazon.com (AMZN), Apple, Netflix, and Google owner Alphabet (GOOGL). But FAANG has since been replaced by the Magnificent Seven, a group that includes the four largest FAANGs, as well as Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA)...and excludes Netflix. But with Netflix set to report its first-quarter earnings on April 18, investors shouldn't sleep on the stock, the author says. 4. A24's "Civil War" won this weekend's box office with a $25.7M debut, making it the biggest opening ever for A24. The dystopian action movie sports a B- CinemaScore, with the audience skewing heavily male - 73%. The debut is also the biggest for an R-rated movie this year. 5. Timken (TKR) saw a positive mention in this week's edition of Barron's.