JPMorgan noted that cybersecurity stocks were moving higher in reaction to the technical issues today at United (UAL) and the NYSE (ICE), despite the fact that officials have said the two are unrelated and there are no signs of cyber attacks. The firm said that increased focus on data breaches and cyber attacks would likely benefit the whole group, while reiterating that FireEye (FEYE) is its favorite name in security and that it also likes Barracuda Networks (CUDA).

Notable gainers among liquid option names this morning include Genuine Parts (GPC) $159.09 +15.03, Globe Life (GL) $66.97 +3.74, Anthem (ELV) $532.10 +23.13, United Continental (UAL) $50.59 +1.84, and UnitedHealth (UNH) $494.80 +15.81.

Unusual total active option classes on open include: Wrap Technologies (WRAP), AstraZeneca (AZN), JetBlue (JBLU), United Continental (UAL), Taiwan Semi (TSM), Nokia (NOK), EBay (EBAY), Maplebear Inc (CART), Airbnb (ABNB), and UnitedHealth (UNH).

Raymond James raised the firm's price target on United Airlines to $70 from $66 and keeps an Outperform rating on the shares. United's 1H24 earnings trend drives greater confidence in the $9-$11 2024 EPS, the analyst tells investors in a research note. The firm believes the $7-$9B annual capital expenditures guidance for 2025-2027 was ahead of expectations that had been declining in recent months and plans for 100 narrowbody aircraft on average annually is considerable in terms of operational execution and potential growth, and expects United to focus on maximizing profits, with greater clarify on earnings and free cash flow targets at an investor day event likely later this year.

KeyBanc lowered the firm's price target on Palo Alto Networks to $355 from $380 on lower peer multiples, while keeping an Overweight rating on the shares. The firm says that at some point, the case for optimism needs to be backed up by some optimistic data, and its 1Q24 VAR Survey did not deliver it. IT budgets are still in hiding at this point, with just 50% of KeyBanc's respondents meeting or exceeding their goal in the Q1, the lowest quarterly reading since the heart of the pandemic, and sentiment from the follow-up calls with some individuals also has down ticked. The firm's Q4 2023 VAR survey was iffy, the outlook in 2024 from its CIO survey in January was also not great, its SMB survey was worse than expected, and now 2024 is off to a difficult start - "let's just call a trend a trend," KeyBanc adds.

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

Says without approximately $200M impact Boeing (BA) 737 MAX 9 from grounding, United (UAL) would have reported a quarterly profit.

Seaport Research raised the firm's price target on United Airlines to $66 from $60 and keeps a Buy rating on the shares. The company reported Q1 results that "handily bettered consensus," the analyst tells investors. The firm notes no change has been made to its thesis made in January, but notes consensus for the year has to move higher.

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