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CSX

CSX

$46.93

0.3 (0.64%)

, ADS

Alliance Data

$254.88

14.24 (5.92%)

09:56
04/20/17
04/20
09:56
04/20/17
09:56

Early notable gainers among liquid option names on April 20th

Notable gainers among liquid option names this morning include CSX (CSX) $49.88 +2.94, Alliance Data (ADS) $255.59 +14.38, KeyCorp (KEY) $18.17 +0.80, Gap (GPS) $25.20 +0.97, and American Express (AXP) $78.34 +2.80.

CSX

CSX

$46.93

0.3 (0.64%)

ADS

Alliance Data

$254.88

14.24 (5.92%)

KEY

KeyCorp

$18.01

0.6389 (3.68%)

GPS

Gap

$25.26

1.04 (4.29%)

AXP

American Express

$78.20

2.65 (3.51%)

  • 20

    Apr

  • 20

    Apr

  • 20

    Apr

  • 01

    May

  • 08

    May

  • 17

    May

CSX CSX
$46.93

0.3 (0.64%)

03/15/17
WOLF
03/15/17
NO CHANGE
WOLF
Wolfe cuts Railroads to Market Weight, downgrades Norfolk Southern
Wolfe Research analyst Scott Group downgraded the Railroad sector to Market Weight from Overweight saying the risk/reward profiles are more balanced following the recent expansion of valuations. Group coupled the sector cut with a downgrade of Norfolk Southern (NSC) to Peer Perform from Outperform. The analyst thinks the company's operating ratio improvement could disappoint relative to CSX (CSX). He believes CSX has the best earnings story in the space under CEO Hunter Harrison.
03/15/17
ATLE
03/15/17
UPGRADE
Target $57
ATLE
Overweight
CSX upgraded to Overweight from Neutral at Atlantic Equities
Atlantic Equities analyst Lindsay Bettiol upgraded CSX to Overweight with an increased price target of $57.
03/15/17
03/15/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Netflix (NFLX) upgraded to Hold from Underperform at Jefferies with analyst John Janedis saying he believes Netflix's international growth opportunity is larger than he had expected. The company's original content is performing well, mobile consumption is growing and competition appears limited, Janedis tells investors in a research note. 2. CSX (CSX) upgraded to Overweight from Neutral at Atlantic Equities. 3. Amec Foster Wheeler (AMFW) was upgraded to Neutral from Underperform at Exane BNP Paribas and to Outperform from Market Perform at Raymond James. 4. Harley-Davidson (HOG) upgraded to Neutral from Underperform at Longbow. 5. Finisar (FNSR) upgraded to Buy from Hold at Jefferies with analyst James Kisner saying the current valuation discounts no recovery in China and no resolution of recent technical issues. The analyst views the company's issues as temporary and upped his price target for the shares to $34 from $32. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/24/17
LEHM
03/24/17
NO CHANGE
Target $55
LEHM
Overweight
CSX price target raised to $55 from $50 at Barclays
Barclays analyst Brandon Oglenski raised his price target for CSX to $55 after introducing new estimates to reflect his best estimate of what he thinks new CEO Hunter Harrison can achieve. The analyst notes that his near $4 in earnings per share for 2020 represents a doubling of earnings from current levels. Harrison acted quickly at CP, with most margin improvement realized in less than three years, Oglenski tells investors in a research note. He keeps an Overweight rating on CSX.
ADS Alliance Data
$254.88

14.24 (5.92%)

03/24/17
DBAB
03/24/17
NO CHANGE
Target $278
DBAB
Buy
Alliance Data price target raised to $278 from $263 at Deutsche Bank
Deutsche Bank analyst Ashish Sabadra raised his price target for Alliance Data Systems to $278 saying higher interest rates and the accelerated share repurchase in early 2017 could potentially drive upside to the full year guidance. The analyst ADS to post an in-line quarter and reiterate its outlook for the year. He keeps a Buy rating on the shares.
04/11/17
OPCO
04/11/17
INITIATION
Target $185
OPCO
Underperform
Alliance Data initiated with an Underperform at Oppenheimer
Oppenheimer analyst Ben Chittenden started Alliance Data with an Underperform rating and a $185 price target, noting that profitability is under pressure and earnings will continue to be driven by the card business.
01/26/17
RAJA
01/26/17
DOWNGRADE
RAJA
Market Perform
Alliance Data downgraded to Market Perform from Outperform at Raymond James
12/09/16
JPMS
12/09/16
DOWNGRADE
Target $255
JPMS
Neutral
Alliance Data downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Reginald Smith downgraded Alliance Data to Neutral saying higher funding costs and concerns over a peaking consumer credit cycle will weigh on the shares. The analyst lowered his price target for the stock to $255 from $260.
KEY KeyCorp
$18.01

0.6389 (3.68%)

01/20/17
SDLR
01/20/17
DOWNGRADE
SDLR
Hold
KeyCorp downgraded to Hold from Buy at Sandler O'Neill
03/23/17
DADA
03/23/17
INITIATION
Target $19
DADA
Neutral
KeyCorp initiated with a Neutral at DA Davidson
DA Davidson analyst Kevin Reevey initiated KeyCorp with a Neutral and a $19 price target saying above-peer delinquencies and net charge-offs in its auto loan portfolio could limit near-term multiple expansion.
03/03/17
EVER
03/03/17
UPGRADE
EVER
Outperform
KeyCorp upgraded to Outperform from Hold at Evercore ISI
03/03/17
03/03/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Expedia (EXPE) upgraded to Neutral from Sell at Citi with analyst Mark May citing greater comfort in the growth of the company's hotel business. The analyst, who noted that recently disclosed room night and bookings growth at HomeAway gives him a more bullish view on its long-term growth, raised his price target on Expedia shares to $130 from $116. 2. Helmerich & Payne (HP) upgraded to Outperform from Market Perform at Bernstein with analyst Colin Davies citing higher U.S. rig demand and valuation. Target to $84 from $86. 3. Dr Pepper Snapple (DPS) upgraded to Buy from Hold at Jefferies with analyst Kevin Grundy saying that its recently-acquired Bai brand is an underappreciated growth platform for the company. He expects Bai to contribute 2-3 points to Dr Pepper's core sales growth over the next 3-5 years and increased his 2017-18 organic sales and EPS forecasts. Grundy increased his price target on Dr Pepper shares to $115 from $98. 4. KeyCorp (KEY) upgraded to Outperform from Hold at Evercore ISI. 5. Southern Company (SO) upgraded to Buy from Hold at Jefferies with analyst Anthony Crowdell saying he thinks the company will be able to deliver on its 5% earnings per share growth target given all the levers available to pull. He also believes investors are pricing in a Kemper scenario that is worse than worst-case and sees the Vogtle nuclear project is less of a concern than is factored in at current levels, Crowdell tells investors. He raised his price target on Southern Company shares to $56 from $50. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
GPS Gap
$25.26

1.04 (4.29%)

03/08/17
GUGG
03/08/17
INITIATION
GUGG
Neutral
Gap initiated with a Neutral at Guggenheim
01/06/17
BARD
01/06/17
NO CHANGE
Target $26
BARD
Neutral
Gap estimates raised but risk/reward remains balanced, says Baird
Baird analyst Mark Altschwager noted Gap reported better than expected comps buoyed by Old Navy and the company signaled modest upside to guidance. The analyst raised his estimates but said visibility into sustainable sales/margin improvement remains cloudy, yielding a balanced risk/reward at current levels. Altschwager maintained his Neutral rating and $26 price target on Gap shares.
02/07/17
JEFF
02/07/17
NO CHANGE
Target $36
JEFF
Buy
Jefferies calls on Gap to consider alternatives for Banana
While the Gap brand last night reported its second consecutive month of positive comparable sales, and Old Navy remained positive, Banana Republic continued to struggle with comp sales down 4%, Jefferies analyst Randal Konik tells investors in a research note. Management needs to take action, the analyst argues. He believes management should consider strategic alternatives for Banana including a potential sale, massively reducing the store footprint, or shutting down the brand. Konik has a Buy rating on Gap with a $36 price target.
04/20/17
JPMS
04/20/17
UPGRADE
Target $24
JPMS
Neutral
Gap upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Matthew Boss upgraded The Gap to Neutral citing the underperformance of the shares over the past 18 months and his fieldwork which suggests stability at Old Navy. The analyst raised his price target for the shares to $24 from $21.
AXP American Express
$78.20

2.65 (3.51%)

04/20/17
JPMS
04/20/17
NO CHANGE
Target $94
JPMS
Overweight
JPMorgan says American Express 'becoming great again,' ups target to $94
In a research note titled "Becoming Great Again," JPMorgan analyst Richard Shane raised his price target for American Express shares to $94 from $90 following the company's Q1 results. The analyst expects a positive reaction when the market opens. The earnings beat was driven by strong top-line growth while American Express' loan growth continues ahead of the industry, Shane tells investors in a post-earnings research note. He keeps an Overweight rating on the shares.
03/24/17
03/24/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. American Express (AXP) initiated with a Neutral at Tigress Financial. 2. Zosano Pharma (ZSAN) initiated with an Overweight at Piper Jaffray. 3. SkyWest (SKYW) initiated with an In-Line at Imperial Capital. 4. Statoil (STO) initiated with an Underperform at Macquarie. 5. Cogent (CCOI) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/24/17
TIGR
03/24/17
INITIATION
TIGR
Neutral
American Express initiated with a Neutral at Tigress Financial
Tigress Financial analyst Ivan Feinseth initiated American Express with a Neutral saying business performance remains weak due to increasing competition and the loss of its largest customer and views shares as fairly valued.
04/20/17
OPCO
04/20/17
NO CHANGE
Target $93
OPCO
Outperform
American Express fundamentals already shifting more positive, says Oppenheimer
Oppenheimer analyst Ben Chittenden continues to like the American Express story and says the Q1 results only reinforce why he likes it. The analyst believes this is a company where sentiment is very negative yet the fundamentals are already shifting more positive. While competition is clearly more intense post crisis, American Express is managing through it, he adds. Chittenden reiterates an Outperform rating and $93 price target on the shares.

TODAY'S FREE FLY STORIES

TWTR

Twitter

$20.13

-0.4 (-1.95%)

14:50
07/21/17
07/21
14:50
07/21/17
14:50
Options
Defensive option play in Twitter ahead of earnings next week »

Defensive option play in…

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  • 21

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    Sep

GS

Goldman Sachs

$220.60

-1.7 (-0.76%)

14:47
07/21/17
07/21
14:47
07/21/17
14:47
Conference/Events
Goldman Sachs to hold a conference call »

EVP & CFO Chavez and…

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  • 01

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RL

Ralph Lauren

$74.91

1.15 (1.56%)

14:45
07/21/17
07/21
14:45
07/21/17
14:45
Options
Ralph Lauren call volume above normal and directionally bullish »

Bullish option flow…

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  • 27

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WHLR

Wheeler REIT

$11.01

0.28 (2.61%)

14:41
07/21/17
07/21
14:41
07/21/17
14:41
Hot Stocks
NS Advisors reports 5.4% stake in Wheeler REIT »

Recently, NS Advisors has…

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  • 09

    Aug

BKJ

Bancorp of New Jersey

$16.80

-0.2 (-1.18%)

14:30
07/21/17
07/21
14:30
07/21/17
14:30
Hot Stocks
Breaking Hot Stocks news story on Bancorp of New Jersey »

Clover Partners reports…

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AMPH

Amphastar

$17.92

0.18 (1.01%)

, MNTA

Momenta

$17.25

0.35 (2.07%)

14:29
07/21/17
07/21
14:29
07/21/17
14:29
Recommendations
Amphastar, Momenta, Novartis analyst commentary  »

Amphastar…

AMPH

Amphastar

$17.92

0.18 (1.01%)

MNTA

Momenta

$17.25

0.35 (2.07%)

NVS

Novartis

$84.78

-0.64 (-0.75%)

03/08/13
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03/08/13
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03/06/13
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  • 02

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  • 17

    May

MNTA

Momenta

$17.25

0.35 (2.07%)

14:22
07/21/17
07/21
14:22
07/21/17
14:22
Hot Stocks
Momenta: Jury finds patent on Lovenox manufacturing infringed but invalid »

Momenta Pharmaceuticals…

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  • 02

    Aug

WLL

Whiting Petroleum

$5.02

-0.0951 (-1.86%)

14:20
07/21/17
07/21
14:20
07/21/17
14:20
Options
Second day of interest in Whiting Petroleum Jan 8 calls »

Second day of interest in…

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  • 27

    Jul

$NSD

NASDAQ Market Internals

14:17
07/21/17
07/21
14:17
07/21/17
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

14:16
07/21/17
07/21
14:16
07/21/17
14:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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FAST

Fastenal

$43.07

0.39 (0.91%)

14:15
07/21/17
07/21
14:15
07/21/17
14:15
Options
Fastenal put volume heavy and directionally bearish »

Bearish flow noted in…

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14:15
07/21/17
07/21
14:15
07/21/17
14:15
General news
Treasury Action: supply complicates trading in the coming week »

Treasury Action: supply…

14:10
07/21/17
07/21
14:10
07/21/17
14:10
General news
NY Fed's overnight reverse repo totaled $122.7 B, with 37 counterparties »

NY Fed's overnight…

IWM

iShares Trust Russell 2000 Index Fund

$142.55

-0.65 (-0.45%)

, RUT

Russell 2000 Index

14:08
07/21/17
07/21
14:08
07/21/17
14:08
Technical Analysis
On The Fly: Weekly technical notes for Russell 2000 »

The Russell 2000 (RUT)…

IWM

iShares Trust Russell 2000 Index Fund

$142.55

-0.65 (-0.45%)

RUT

Russell 2000 Index

03/08/13
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03/06/13
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SPY

SPDR S&P 500 ETF Trust

$246.68

-0.42 (-0.17%)

, SPX

S&P 500

14:07
07/21/17
07/21
14:07
07/21/17
14:07
Technical Analysis
On The Fly: Weekly technical notes for S&P 500 »

The S&P 500 (SPX)…

SPY

SPDR S&P 500 ETF Trust

$246.68

-0.42 (-0.17%)

SPX

S&P 500

AAPL

Apple

$150.34

-0.68 (-0.45%)

IBM

IBM

$146.68

-0.98 (-0.66%)

XLK

Technology Select Sector SPDR

$57.38

-0.16 (-0.28%)

XLU

Utilities SPDR

$52.98

0.065 (0.12%)

XLV

Health Care Select Sector SPDR

$81.00

-0.08 (-0.10%)

XLP

Consumer Staples Sector SPDR

$54.98

-0.01 (-0.02%)

XLE

Energy Select Sector SPDR

$65.26

-0.5 (-0.76%)

XLF

Financial Select Sector

$24.85

0.05 (0.20%)

03/08/13
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  • 01

    Aug

14:05
07/21/17
07/21
14:05
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14:05
General news
FX Action: USD-JPY »

FX Action: USD-JPY posted…

ECA

Encana

$9.95

0.28 (2.90%)

14:00
07/21/17
07/21
14:00
07/21/17
14:00
Options
Encana with a large call ratio spread as a bullish play is adjusted »

Encana with a large call…

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  • 21

    Jul

TJX

TJX

$68.63

-0.97 (-1.39%)

13:55
07/21/17
07/21
13:55
07/21/17
13:55
Options
TJX put volume heavy and directionally bearish »

Bearish flow noted in TJX…

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S

Sprint

$8.50

0.12 (1.43%)

, SFTBF

SoftBank

$83.15

-0.02 (-0.02%)

13:53
07/21/17
07/21
13:53
07/21/17
13:53
Periodicals
Sprint enters into partnership talks with Comcast, Charter, Nikkei reports »

SoftBank (SFTBF)…

S

Sprint

$8.50

0.12 (1.43%)

SFTBF

SoftBank

$83.15

-0.02 (-0.02%)

CMCSA

Comcast

$39.49

0.15 (0.38%)

CMCSK

Comcast

TMUS

T-Mobile

$61.12

-0.85 (-1.37%)

CHTR

Charter

$345.30

-1.31 (-0.38%)

03/08/13
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03/08/13
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03/06/13
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  • 27

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  • 27

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  • 01

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  • 03

    Aug

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  • 14

    Aug

BTG

B2Gold

$2.75

0.04 (1.48%)

13:40
07/21/17
07/21
13:40
07/21/17
13:40
Options
In the money call write in B2Gold »

In the money call write…

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MPB

Mid Penn Bancorp

$26.30

-0.2 (-0.75%)

13:37
07/21/17
07/21
13:37
07/21/17
13:37
Hot Stocks
Mid Penn Bancorp receives regulatory clearance to open Halifax branch »

Mid Penn Bank, subsidiary…

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NRG

NRG Energy

$24.20

0.089 (0.37%)

13:30
07/21/17
07/21
13:30
07/21/17
13:30
Options
Notable new position opened in NRG options »

Notable new position…

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  • 03

    Aug

13:30
07/21/17
07/21
13:30
07/21/17
13:30
General news
Action Economics Survey results: »

Action Economics Survey…

HAIN

Hain Celestial

$42.79

1.05 (2.52%)

13:23
07/21/17
07/21
13:23
07/21/17
13:23
Conference/Events
Hain Celestial management to meet with Jefferies »

Meetings to be held in…

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  • 24

    Jul

VIX

Volatility Index S&P 500 Options

13:20
07/21/17
07/21
13:20
07/21/17
13:20
Options
Impressive 3-way boosts VIX option volume by a million contracts »

Impressive 3-way boosts…

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