Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Ford (F) downgraded to Underperform from In Line at Evercore ISI with analyst Chris McNally saying that in 2020, the "weak will likely get weaker" in 2020 and the strong OEMs/suppliers may start to dominate. 2. Upwork (UPWK) downgraded to Neutral from Buy at Citi with analyst Hao Yan citing the stock coming under pressure since the company's Q3 results amid a weaker growth outlook and believes that a Neutral rating with a "high risk" classification is warranted because of the sector re-rating, recent CEO departure, regulatory overhand, and decelerating Gross Services Volume. 3. Signet Jewelers (SIG) downgraded to Underweight from Equal Weight at Wells Fargo with analyst Ike Boruchow saying the retail group had a "very challenging" 2019 due to a confluence of factors including tariff concerns and tough compares, adding that Signet's core business continues to struggle, with credit remaining an overhang. 4. Intercept (ICPT) downgraded to Neutral from Buy at Citi with analyst Joel Beatty saying the 95% run-up in the stock since September and contends that its NASH launch has been "appropriately priced in." 5. Hanesbrands (HBI) downgraded to Underweight from Equal Weight at Wells Fargo with analyst Ike Boruchow saying the retail group had a "very challenging" 2019 due to a confluence of factors including tariff concerns and tough compares, and says core weakness is persisting at Hanesbrands, with Champion decelerating. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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

Reports Q1 revenue $42.8B, consensus $40.1B. Reports Q4 adjusted EBIT $2.8B.

Notable companies reporting after the market close, with earnings consensus, include Meta Plataforms (META), consensus $4.32... IBM (IBM), consensus $1.60... ServiceNow (NOW), consensus $3.14... Lam Research (LRCX), consensus $7.30... Chipotle Mexican Grill (CMG), consensus $11.68... O'Reilly Automotive (ORLY), consensus $9.26... Ford Motor (F), consensus 42c... United Rentals (URI), consensus $8.32... Align Technology (ALGN), consensus $1.97... Molina Healthcare (MOH), consensus $5.59... Teradyne (TER), consensus 33c... Universa Health Services (UHS), consensus $3.16... Western Union (WU), consensus 41c.

Tuesday's total option volume of 40.6 million contracts resulted in net open interest growth of 5.36 million calls and 4.67 million puts. Tesla (TSLA), AGNC Investment Corp. (AGNC), Amazon (AMZN) and Ford (F) saw the greatest growth. Top five new positions opened include 40k Wal-Mart (WMT) May-24 59 calls, 37k AGNC Investment Corp. (AGNC) Sep-24 8 puts, 36k AGNC Investment Corp. (AGNC) Sep-24 7 puts, 28k Ford (F) 4/26 weekly 13 calls and 26k Cleveland-Cliffs (CLF) May-24 20 calls.

In an announcement on its website, Rivian (RIVN) said, "For eligible purchasers or lessees of Rivian vehicles who trade in an eligible vehicle as part of the purchase or lease of a qualifying Rivian R1 vehicle, Rivian will provide a discount toward such purchase or lease of a new Rivian R1 vehicle in the amounts indicated in these rules and charging for your new Rivian R1 vehicle at Rivian Adventure Network charging sites at no additional cost for one year. This offer is open only to residents of the United States or Canada who have reached the age of majority in their jurisdiction of residence and who trade-in an eligible vehicle toward the purchase of a qualifying Rivian R1 vehicle. To qualify for the discounts toward the purchase of a Rivian R1 vehicle, you must trade in a vehicle that meets the requirements described in the list below: 2018 or newer Ford (F): F-150, Explorer, Expedition, Bronco excluding Bronco Sport; 2018 or newer Toyota (TM): Tacoma, Tundra, Highlander, 4Runner; 2018 or newer Jeep (STLA): Grand Cherokee, Wrangler, Gladiator; 2018 or newer Audi (AUDVF): Q5, Q7, Q8; 2018 or newer BMW (BMWYY): X3, X5, X7. Rivian R1 vehicle discount: Eligible purchasers/lessees who qualify under these rules will receive a discount toward the purchase or lease of a qualifying new Rivian R1 vehicle in the following amounts: R1T Standard, Standard+ Pack - $3,000 / $4,500 CAD; R1T Large Pack - $4,000 / $6,000 CAD; R1T Max Pack - $5,000 / $7,500 CAD; R1S Large Pack - $1,000 / $1,500 CAD." Reference Link

General Motors (GM) is scheduled to report quarterly results before market open on Tuesday, April 23, with a conference call scheduled for 8:30 am EST, while Ford (F) is scheduled to report after market close on Wednesday, April 24, with a conference call scheduled for 5:00 pm EST. What to watch... 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