Today's noteworthy downgrades include: AOL (AOL) downgraded to Hold from Buy at Jefferies... Commerce Bancshares (CBSH) downgraded to Neutral from Buy at DA Davidson... Glacier Bancorp (GBCI) downgraded to Neutral from Buy at DA Davidson... Goodyear Tire (GT) downgraded to Underperform from Buy at CLSA... H&R Block (HRB) downgraded to Neutral from Outperform at Credit Suisse... Independent Bank (INDB) downgraded to Hold from Buy at Drexel Hamilton... Legg Mason (LM) downgraded to Negative at Susquehanna... Lennox (LII) downgraded to Neutral from Accumulate at Global Hunter... Magnum Hunter (MHR) downgraded to Underperform from In-Line at Imperial Capital... NVIDIA (NVDA) downgraded to Neutral from Buy at Nomura... Quiksilver (ZQK) downgraded to Neutral from Buy at DA Davidson... Safe Bulkers (SB) downgraded to Sell from Neutral at Citi... SunEdison Semiconductor (SEMI) downgraded to Neutral from Buy at Citi... Symetra Financial (SYA) downgraded to Sell from Neutral at UBS.

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

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.

Wells Fargo analyst Joseph O'Dea lowered the firm's price target on Lennox to $520 from $545 and keeps an Overweight rating on the shares. A solid Q1 and full year raise still saw Lennox's stock down 2% vs. XLI down 80bps, the firm says. Wells thinks a lighter potential R454B tailwind in 2025 and M&A uncertainty overhang are two reasons. In the firm's view, growth potential remains compelling.

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

Consensus $19.72. Backs FY24 revenue up 7%, consensus $5.12B. Sees FY24 free cash flow $500M-$600M.