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GE

General Electric

$30.27

0.27 (0.90%)

, BAC

Bank of America

$23.07

0.33 (1.45%)

08:56
04/21/17
04/21
08:56
04/21/17
08:56

Notable open interest changes for April 21st

Thursday's total option volume of 19.0 million contracts resulted in net open interest growth of 2.62 million calls and 3.44 million puts. General Electric (GE), Bank of America (BAC), Apple (AAPL) and Visa (V) saw the greatest growth. Top five new positions opened include 41k Bank of America (BAC) 4/28 weekly 22.5 puts, 35k General Electric (GE) Apr-17 29 puts, 27k Rite Aid (RAD) Apr-17 5 puts, 25k Calpine (CPN) Sep-17 12 calls and 19k Accelerate Diagnostics (AXDX) May-17 12.5 puts.

GE

General Electric

$30.27

0.27 (0.90%)

BAC

Bank of America

$23.07

0.33 (1.45%)

AAPL

Apple

$142.44

1.76 (1.25%)

V

Visa

$91.15

1.4 (1.56%)

  • 21

    Apr

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    Apr

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    May

  • 09

    May

  • 09

    May

  • 06

    Jun

  • 22

    Jun

  • 22

    Jun

GE General Electric
$30.27

0.27 (0.90%)

03/13/17
JPMS
03/13/17
NO CHANGE
Target $29
JPMS
Underweight
JPMorgan says use GE rally as selling opportunity
JPMorgan analyst C. Stephen Tusa recommends using Friday's rally in General Electric shares as a selling opportunity. A possible CEO change does not change the analyst's view that GE is an expensive stock. Discussion of an activist, who owns less than 1% of the company, trying to make changes is a re-run of the case made two years ago, Tusa tells investors in a research note. The analyst does not see much a GE activist can do. The company's "stubbornly low growth and secular challenges embedded in end markets" can't be fixed by a CEO, the analyst contends. Tusa keeps an Underweight rating on shares of GE with a $29 price target. The stock rallied Friday to $30.28 after Fox Business reported that CEO Jeff Immelt is on the "hot seat" with activist Nelson Peltz.
04/10/17
FBRC
04/10/17
NO CHANGE
FBRC
FBR views Tesco as most likely takeover in Oilfield Services
FBR Capital analyst Thomas Curran says that within his Oilfield Services coverage, Tesco (TESO) has the highest probability of a straight acquisition. In GE Oil & Gas (GE) and Forum Energy (FET), Tesco has at least two potential strategic acquirers with "highly compelling logic," Curran tells investors in a research note. He believes a buyer could offer $10 per share. Tesco closed Friday at $7.30.
03/28/17
JPMS
03/28/17
NO CHANGE
Target $27
JPMS
Underweight
General Electric price target lowered to $27 from $29 at JPMorgan
JPMorgan analyst C. Stephen Tusa lowered his price target for General Electric to $27 and keeps an Underweight rating on the shares. The sell-side bull thesis is shifting focus away from the $2.00 earnings per share target in 2018 to free cash flow, which is "seemingly appropriately," Tusa tells investors in a research note. The analyst views the emerging bull case on free cash flow as "overstated and not plausible." He notes his new $27 price target still implies a premium 4% free cash yield and "solid" 3.5% dividend yield.
03/31/17
WBLR
03/31/17
NO CHANGE
WBLR
Outperform
General Electric shares set to move higher, says William Blair
William Blair analyst Nicholas Heymann believes shares of General Electric are set to move higher, not on management changes, but stronger fundamentals as the "external macro environment continues to improve." If GE achieves its more aggressive 2017 fundamental performance hurdles, the shares should be set to move steadily higher to the mid- to upper $30s, Heymann tells investors in a research note. The analyst sees potential upside to estimates from U.S. corporate tax reform and U.S. privately financed infrastructure modernization. He keeps an Outperform rating on GE shares.
BAC Bank of America
$23.07

0.33 (1.45%)

04/06/17
EVER
04/06/17
NO CHANGE
EVER
Glass-Steagall return wouldn't find support in Congress, says Evercore ISI
After media reports claimed White House economic adviser Gary Cohn supports rules to make banks split their consumer lending units from their investment divisions, which hints at a return of the "Glass-Steagall" law that was ended by President Clinton and a Republican Congress in 1999, Evercore ISI analyst Terry Haines said there is little support in Congress for a return of the law. Any new bank regulations can't "be done with the stroke of a pen" and will have to go through the usual regulatory process, added Haines. Publicly traded large banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
04/19/17
RBCM
04/19/17
NO CHANGE
RBCM
Bank of America reported 'knockout' results, says RBC Capital
RBC Capital analyst Gerard Cassidy says that Bank of America reported "knockout" Q1 results that were better than the other three "Big Four" banks. The analyst says that the company has momentum heading into the rest of the year. He keeps a $26 price target and an Outperform rating on the shares.
04/04/17
04/04/17
NO CHANGE

Mrogan Stanley recommends buying large banks on weakness after Q1 results
Morgan Stanley analyst Betsy Graseck expects most large banks she covers to report weaker than expected Q1 results. However, the analyst recommends that investors buy the large-cap bank stocks on weakness, as she expects them to benefit from "stronger capital return, easing regulation, lower taxes and higher rates in 2H17," along with an improved GDP outlook and strong expense management. Graseck identifies Citi (C) as her top pick heading into the quarter, as she expects its Q1 results to beat expectations, driven by strength in emerging markets and "repositioning investments" that have started to beat fruit. She expects the bank to get a boost from CCAR in June and says that it is "the biggest beneficiary of easing regulation." Other publicly traded companies in the space include Bank of America (BAC), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
04/04/17
04/04/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Salmon saying Amazon's (AMZN) ad business represents Google's biggest competitive headwind since Facebook (FB). The analyst believes Google can still grow revenue at 15%-20% over the mid-and long term, but he sees a lower likelihood of topping expectations as Amazon's ad business rises. Salmon continues to prefer Alphabet shares to Facebook, however. He moved Amazon to his top pick this morning and upped his price target for the shares to $1,200. 2. NVIDIA (NVDA) downgraded to Underweight from Sector Weight at Pacific Crest. 3. Nike (NKE) downgraded to Hold from Buy at Argus with analyst John Staszak saying he expects the company's growth to slow over the next 12 months due to competition from Adidas (ADDYY) and Under Armour (UAA). 4. Urban Outfitters (URBN) and L Brands (LB) were downgraded to Neutral from Buy at Citi. 5. Bank of America (BAC) downgraded to Neutral from Buy at Citi with analyst Keith Horowitz saying the stock's outperformance since the U.S. election has substantially closed the valuation gap with JPMorgan (JPM). "We do not see a lot left to play for," Horowitz tells investors in a research note. He lowered his price target for Bank of America shares to $25 from $26. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AAPL Apple
$142.44

1.76 (1.25%)

04/20/17
UBSW
04/20/17
NO CHANGE
Target $58
UBSW
Neutral
Qualcomm guidance not as bad as feared, says UBS
UBS analyst Stephen Chin noted Qualcomm (QCOM) reported a strong Q2 beat but he maintained his Neutral rating due to uncertainty over future Apple (AAPL) payments as its lawsuit remains unresolved and it disclosed there is a new underpaying licensee. Chin said fundamentals remain mixed near-term, but added that the company's guidance was not as bad as feared. Chin has a $58 price target on Qualcomm shares.
04/20/17
STFL
04/20/17
NO CHANGE
STFL
Apple price target raised to $150 from $130 at Stifel
Stifel analyst Aaron Rakers continues to expect Apple to report in-line Q2 results. However, he raised his 2017 and 2018 estimates for the company ,citing historical data on the percent of the iPhone installed base that bought the newest iPhones and the ratio of new iPhones shipped to total iPhone sales. However, Rakers keeps a Hold rating on the stock.
04/21/17
OPCO
04/21/17
NO CHANGE
OPCO
Perform
Verizon responding to wireless competition, says Oppenheimer
Oppenheimer analyst Timothy Horan expects Verizon's (VZ) equipment revenue in Q4 to be strong, linked to the release of the new iconic Apple (AAPL) iPhone 8. The analyst believes wireless competition will remain elevated, but Verizon is responding, and will remained focused on network quality. Further, Horan says Verizon is integrating Yahoo (YHOO)/AOL to deliver growth from programmatic ads/digital content, but this will take some time. He reiterates a Perform rating on Verizon's shares.
04/20/17
WELS
04/20/17
NO CHANGE
WELS
Market Perform
Apple has 'modest' margin risk from ongoing Qualcomm fight, says Wells Fargo
Wells Fargo analyst Maynard Um noted that Apple (AAPL) has acknowledged it withheld payments to its contract manufacturers in the amount that it felt Qualcomm (QCOM) owed it under a separate cooperation agreement, but that Qualcomm "seems to believe," based on its earnings call comments, that the manufacturers will eventually pay what's contractually owed. With the cooperation agreement having ended at the end of 2016, it remains unclear if Apple will have to pay its contract manufacturers the cited $1B over three quarters, which leaves "modest risk" on the possibility for an increase in cost of goods and associated hit to gross margins, said Um, who has a Market Perform rating on Apple shares.
V Visa
$91.15

1.4 (1.56%)

04/21/17
BERN
04/21/17
NO CHANGE
BERN
Visa price target raised to $110 from $105 at Bernstein
Bernstein analyst Lisa Ellis says that Visa reported "strong" results, and the analyst expects the stock's positive momentum to continue going forward. She raised her price target on the shares to $110 from $105 and continues to identify the stock as her top pick.
04/21/17
FBCO
04/21/17
NO CHANGE
Target $105
FBCO
Outperform
Visa price target raised to $105 from $100 at Credit Suisse
Credit Suisse analyst Moshe Orenbuch raised his price target for Visa to $105 from $100 following a Q2 beat on higher revenues and lower taxes. The analyst reiterates an Outperform rating on the shares.
04/21/17
OPCO
04/21/17
NO CHANGE
Target $100
OPCO
Outperform
Visa price target raised to $100 from $95 at Oppenheimer
Oppenheimer analyst Glenn Greene raised his price target for Visa to $100 from $95 after the company reported strong upside Q2 results. The analyst reiterates an Outperform rating on the shares.
04/19/17
OPCO
04/19/17
NO CHANGE
OPCO
Oppenheimer bullish on Visa, MasterCard ahead of results
Oppenheimer analyst Glenn Greene reiterates Outperform ratings for MasterCard (MA) and Visa (V) and $120 and $95 price targets, respectively, heading into results. The analyst is encouraged by "solid" January intra-quarter volume growth, improving gas price trends, strong retail sales growth, and broadly positive card issuer trends. Further, Greene continues to believe that MasterCard and Visa are attractive at current levels, given their defensible market positions and strong long-term prospects. Nonetheless, he prefers Visa relative to MasterCard at present given the continuing U.S. volume boost from the Costco (COST)/USAA wins and JPMorgan Chase (JPM) Sapphire Reserve momentum, apparent conservative guidance, and Visa Europe accretion benefits.

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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 21

    Jul

  • 13

    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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 01

    Aug

  • 17

    Oct

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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 27

    Jul

  • 10

    Aug

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…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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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
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 02

    Aug

  • 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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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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…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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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
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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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
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 01

    Aug

14:05
07/21/17
07/21
14:05
07/21/17
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…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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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
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 27

    Jul

  • 27

    Jul

  • 01

    Aug

  • 03

    Aug

  • 08

    Aug

  • 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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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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…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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