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BAC

Bank of America

$22.74

0.17 (0.75%)

, KGC

Kinross Gold

$4.21

-0.07 (-1.64%)

08:55
05/19/17
05/19
08:55
05/19/17
08:55

Notable open interest changes for May 19th

Thursday's total option volume of 20.7 million contracts resulted in net open interest growth of 2.16 million calls and 2.57 million puts. Bank of America (BAC), Kinross Gold (KGC), General Electric (GE) and Alibaba (BABA) saw the greatest growth. Top five new positions opened include 96k Kinross Gold (KGC) Jun-17 4 puts, 30k Anheuser Busch (BUD) Aug-17 130 calls, 26k Pandora (P) Jun-17 11 calls, 25k Itau Unibanco (ITUB) Jan-19 8 puts and 21k Ford (F) Jun-17 9 puts.

BAC

Bank of America

$22.74

0.17 (0.75%)

KGC

Kinross Gold

$4.21

-0.07 (-1.64%)

GE

General Electric

$27.48

0.07 (0.26%)

BABA

Alibaba

$121.27

0.55 (0.46%)

  • 21

    May

  • 31

    May

  • 06

    Jun

  • 22

    Jun

  • 02

    Oct

  • 09

    Nov

BAC Bank of America
$22.74

0.17 (0.75%)

04/24/17
04/24/17
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. Disney (DIS) downgraded to Hold from Buy at Loop Capital with analyst David Miller citing valuation following the stock hitting a 52-week high on Friday. The strength in the stock over the last nine months has appropriately priced in the company's growth rate, said Miller, who maintains a $118 price target on Disney shares. 2. Groupon (GRPN) downgraded to Underweight on lackluster ad spend at Morgan Stanley with analyst Brian Nowak saying its recent local advertiser survey indicate lackluster forward advertiser spending and believes Groupon will need to spend more in order to grow North America Local Billings, which the Street seems to be underestimating. 3. Grainger (GWW) downgraded to Market Perform from Outperform at William Blair with analyst Ryan Merkel citing a lack of confidence in the company's repricing strategy. 4. Bank of America (BAC) downgraded to Hold from Buy at Berenberg with analyst James Chappell saying it is time to take profits. Interest rates unlikely to rise as much as has been priced into bank equity valuations, Chappell tells investors in a research note. Further, regulation and tax reform are likely to take longer than expected and not be as beneficial for the banks as many might have hoped, the analyst adds. He upped his price target for Bank of America shares to $22 from $15. 5. DuPont Fabros (DFT) downgraded to Hold from Buy at Stifel with analyst Matthew Heinz saying shares are fully valued and demand patterns have shifted. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
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.
04/24/17
BREN
04/24/17
DOWNGRADE
Target $22
BREN
Hold
Bank of America downgraded to Hold from Buy at Berenberg
Berenberg analyst James Chappell downgraded Bank of America to Hold saying it is time to take profits. Interest rates unlikely to rise as much as has been priced into bank equity valuations, Chappell tells investors in a research note. Further, regulation and tax reform are likely to take longer than expected and not be as beneficial for the banks as many might have hoped, the analyst adds. He upped his price target for Bank of America shares to $22 from $15.
KGC Kinross Gold
$4.21

-0.07 (-1.64%)

05/03/17
CIBC
05/03/17
UPGRADE
CIBC
Outperformer
Kinross Gold upgraded to Outperformer from Neutral at CIBC
12/19/16
BMOC
12/19/16
DOWNGRADE
BMOC
Market Perform
Kinross Gold downgraded on gold price outlook at BMO Capital
As noted earlier, BMO Capital downgraded Kinross Gold to Market Perform from Outperform. Analyst Andrew Kaip downgraded the stock in conjunction with the firm's decision to lower its gold price outlook. Target to $3.75 from $6.50.
12/19/16
BMOC
12/19/16
DOWNGRADE
BMOC
Market Perform
Kinross Gold downgraded to Market Perform from Outperform at BMO Capital
12/05/16
SBSH
12/05/16
DOWNGRADE
Target $3.25
SBSH
Sell
Kinross Gold downgraded to Sell from Neutral at Citi
Citi analyst Alexander Hacking downgraded Kinross Gold to Sell saying the company's higher cost profile should put pressure on margins and free cash flow amid a lower gold price environment. The downgrade follows Citi's global commodity team lowering their gold and silver price forecasts based on a strong U.S. dollar outlook and the back-up in bond yields. Hacking cut his price target for Kinross shares to $3.25 from $4.
GE General Electric
$27.48

0.07 (0.26%)

05/12/17
05/12/17
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. General Electric (GE) downgraded to Sell from Hold at Deutsche Bank with analyst John Inch saying the stock is overvalued given "weak earnings quality" and the "wide gap between non-cash and cash earnings." 2. Electronic Arts (EA) was downgraded to Neutral from Long-Term Buy at Hilliard Lyons and to Sell from Hold at Deutsche Bank. 3. Uni-Pixel (UNXL) downgraded to Neutral from Buy at Roth Capital with analyst Brian Alger saying while he sees abundant industry demand and interest for the company's products, he sees Uni-Pixel's future as somewhat binary and dependent upon strategic partnerships being executed relatively quickly. Alger also lowered his price target on the shares to 45c from $2. 4. Akari Therapeutics (AKTX) downgraded to Market Perform from Outperform at William Blair with analyst Tim Lugo citing the company's announcement that it placed its Chief Executive Officer on administrative leave as it reviews any involvement with the Edison Report. 5. Mazor Robotics (MZOR) downgraded to Market Perform from Outperform at JMP Securities with analyst David Turkaly citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/25/17
BOFA
04/25/17
DOWNGRADE
Target $31
BOFA
Neutral
General Electric downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Andrew Obin downgraded General Electric and lowered its price target to $31 from $35 ahead negative earnings revisions, especially to 2018 estimates. The firm's analyst sees headwinds from weaker Oil & Gas margin, Healthcare, and Power and reduced estimates below consensus. Obin's 2018 moves to $1.72, versus consensus of $1.90.
04/25/17
04/25/17
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. Amazon.com (AMZN) downgraded to Market Perform from Outperform at Raymond James with analyst Aaron Kessler saying the shares are fairly valued after rallying 21% this year and 44% over the last 12 months. The analyst expects Amazon's investment levels to remain elevated in the near-term and he views consensus operating income estimates for the second quarter as aggressive. 2. General Electric (GE) downgraded to Neutral from Buy at BofA/Merrill with analyst Andrew Obin saying he sees headwinds from weaker Oil & Gas margin, Healthcare, and Power and reduced estimates below consensus. 3. Conagra Brands (CAG) downgraded to Sell from Neutral at UBS with analyst Steven Strycula citing expectations the stock's relative valuation premium will contract amid a decelerating rate of margin improvement and "limited room" for positive earnings estimate revisions. Conagra's portfolio is not well positioned for a consolidating merchandise set, the analyst contends. He cut his price target for the shares to $35 from $38. 4. NGL Energy Partners (NGL) downgraded to Market Perform from Outperform at FBR Capital with analyst Robert Balsamo saying the company's guidance reflects underappreciated risks to its cash flows. 5. Akorn (AKRX) was downgraded to Hold from Buy at Jefferies and Craig-Hallum, to Market Perform from Outperform at William Blair, and to Neutral from Overweight at Piper Jaffray. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/12/17
DBAB
05/12/17
DOWNGRADE
Target $24
DBAB
Sell
General Electric downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank analyst John Inch downgraded General Electric to Sell and cut his price target for the shares to $24 from $28. The industrial conglomerate closed yesterday up 17c to $28.87. The stock is overvalued given "weak earnings quality" and the "wide gap between non-cash and cash earnings," Inch tells investors in a research note. He notes that GE's cash flow has become worse in recent quarters and that the exclusion of non-operating pension accounting along with a high level of underfunded pension obligations create earnings quality pressures. Further, GE's "ultra low tax rates" could pose a future earnings headwind, the analyst argues.
BABA Alibaba
$121.27

0.55 (0.46%)

05/19/17
BOFA
05/19/17
NO CHANGE
Target $144
BOFA
Buy
Alibaba price target raised to $144 from $125 at BofA/Merrill
BofA/Merrill analyst Eddie Leung raised Alibaba's price target to $144 from $125 following the strong Q4 report driven by the Chinese retail business, mobile growth, and healthy GMV. The analyst rates Alibaba a Buy.
05/19/17
BARD
05/19/17
NO CHANGE
Target $135
BARD
Outperform
Alibaba price target raised to $135 from $116 at Baird
Baird analyst Colin Sebastian raised his price target on Alibaba to $135 from $116 following solid Q4 results. The analyst cited an acceleration in core commerce as well as Cloud computing and ongoing investments in digital media and entertainment. Sebastian maintained his Outperform rating on Alibaba shares.
05/19/17
DBAB
05/19/17
NO CHANGE
Target $151
DBAB
Buy
Alibaba price target raised to $151 from $144 at Deutsche Bank
Deutsche Bank analyst Esther Chwei raised her price target for Alibaba to $151 citing the "solid" Q4 results. The analyst maintains a Buy rating on the shares on the company's further monetization opportunities.
05/19/17
LEHM
05/19/17
NO CHANGE
Target $141
LEHM
Overweight
Alibaba price target raised to $141 from $132 at Barclays
Barclays analyst Gregory Zhao views accelerated revenue growth, which exceed consensus by 7%, as the key takeaway from Alibaba's Q4 results. Despite the stock's year-to-date outperformance, the analyst remains constructive on the shares ahead of the June analyst day. He upped his price target to $141 and keeps an Overweight rating on Alibaba.

TODAY'S FREE FLY STORIES

EFX

Equifax

$109.96

0.15 (0.14%)

09:56
11/24/17
11/24
09:56
11/24/17
09:56
Conference/Events
Equifax management to meet with Evercore ISI »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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  • 29

    Nov

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    Dec

M

Macy's

$21.18

0.55 (2.67%)

, DVA

DaVita

$56.72

1.33 (2.40%)

09:55
11/24/17
11/24
09:55
11/24/17
09:55
Options
Early notable gainers among liquid option names on November 24th »

Notable gainers among…

M

Macy's

$21.18

0.55 (2.67%)

DVA

DaVita

$56.72

1.33 (2.40%)

KSS

Kohl's

$45.31

0.68 (1.52%)

HES

Hess Corp.

$44.08

0.63 (1.45%)

GPS

Gap

$29.55

0.38 (1.30%)

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  • 18

    Mar

TSLA

Tesla

$312.60

-5.21 (-1.64%)

09:52
11/24/17
11/24
09:52
11/24/17
09:52
Hot Stocks
Tesla lists base price of 300 mile range Semi at $150,000 »

Tesla on its website…

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  • 16

    Jan

OSTK

Overstock.com

$61.05

0.6 (0.99%)

09:51
11/24/17
11/24
09:51
11/24/17
09:51
Technical Analysis
Technical View: Overstock.com spikes sharply to new 52-week high »

The stock briefly hit a…

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JPM

JPMorgan

$98.68

0.04 (0.04%)

, CME

CME Group

$141.87

-0.71 (-0.50%)

09:50
11/24/17
11/24
09:50
11/24/17
09:50
Hot Stocks
The Intersection: Crypto and Wall Street This Week »

As bitcoin, ethereum and…

JPM

JPMorgan

$98.68

0.04 (0.04%)

CME

CME Group

$141.87

-0.71 (-0.50%)

MS

Morgan Stanley

$49.23

0.14 (0.29%)

MCD

McDonald's

$169.23

0.1804 (0.11%)

AMD

AMD

$11.37

-0.03 (-0.26%)

NVDA

Nvidia

$214.93

-1.12 (-0.52%)

GBTC

Bitcoin Investment Trust

$995.00

23.8 (2.45%)

BITCOIN

Bitcoin

BTC

Bitcoin

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

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  • 27

    Nov

  • 09

    Jan

  • 27

    Feb

  • 13

    Apr

  • 14

    Jul

  • 12

    Oct

09:42
11/24/17
11/24
09:42
11/24/17
09:42
General news
S&P 500 rises to all time high at start of holiday-shortened session »

Investors returning from…

STAG

STAG Industrial

09:41
11/24/17
11/24
09:41
11/24/17
09:41
Conference/Events
STAG Industrial management to meet with Evercore ISI »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 28

    Nov

  • 14

    Dec

ETE

Energy Transfer Equity

, QCOM

Qualcomm

$68.13

1.46 (2.19%)

09:40
11/24/17
11/24
09:40
11/24/17
09:40
Options
Unusually active option classes on open November 24th »

Unusual total active…

ETE

Energy Transfer Equity

QCOM

Qualcomm

$68.13

1.46 (2.19%)

TEVA

Teva

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

    Mar

COP

ConocoPhillips

09:39
11/24/17
11/24
09:39
11/24/17
09:39
Conference/Events
ConocoPhillips management to meet with Evercore ISI »

Meeting 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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  • 28

    Nov

  • 29

    Nov

QD

Qudian

09:37
11/24/17
11/24
09:37
11/24/17
09:37
Recommendations
Qudian analyst commentary  »

Qudian price target…

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

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MET

MetLife

09:37
11/24/17
11/24
09:37
11/24/17
09:37
Conference/Events
MetLife management to meet with Evercore ISI »

Meeting to be held in…

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

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  • 28

    Nov

  • 15

    Dec

SOLVY

Solvay

09:35
11/24/17
11/24
09:35
11/24/17
09:35
Conference/Events
Solvay management to meet with Evercore ISI »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 28

    Nov

SPY

SPDR S&P 500 ETF Trust

, SPX

S&P 500

09:34
11/24/17
11/24
09:34
11/24/17
09:34
Technical Analysis
Technical View: S&P 500 edges new life high, pivot high broken »

The S&P 500 (SPX) was…

SPY

SPDR S&P 500 ETF Trust

SPX

S&P 500

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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GRFS

Grifols

$23.04

-0.13 (-0.56%)

09:33
11/24/17
11/24
09:33
11/24/17
09:33
Downgrade
Grifols rating change  »

Grifols downgraded to…

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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BMA

Banco Macro

09:32
11/24/17
11/24
09:32
11/24/17
09:32
Downgrade
Banco Macro rating change  »

Banco Macro downgraded to…

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

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TSU

Tim Participacoes

09:32
11/24/17
11/24
09:32
11/24/17
09:32
Upgrade
Tim Participacoes rating change  »

Tim Participacoes…

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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09:30
11/24/17
11/24
09:30
11/24/17
09:30
General news
PMI Composite Flash â€' Level to be reported at 09:45 »

November PMI Composite…

09:30
11/24/17
11/24
09:30
11/24/17
09:30
General news
PMI Composite Flash Manufacturing â€' Level to be reported at 09:45 »

November PMI Composite…

DSX

Diana Shipping

09:25
11/24/17
11/24
09:25
11/24/17
09:25
Hot Stocks
Diana Shipping announces time charter contract for m/v Norfolk »

Diana Shipping announced…

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03/06/13
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03/06/13
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LAUR

Laureate Education

$11.63

0.22 (1.93%)

09:25
11/24/17
11/24
09:25
11/24/17
09:25
Recommendations
Laureate Education analyst commentary  »

Laureate received…

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

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CPRT

Copart

$41.01

4.31 (11.74%)

09:23
11/24/17
11/24
09:23
11/24/17
09:23
Recommendations
Copart analyst commentary  »

Copart price target…

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

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  • 19

    Dec

SPX

S&P 500

, VIX

Volatility Index S&P 500 Options

09:18
11/24/17
11/24
09:18
11/24/17
09:18
Options
Overnight activity included 97 trades in SPX and 9 trades in VIX »

97 trades were executed…

SPX

S&P 500

VIX

Volatility Index S&P 500 Options

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

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SRAX

Social Reality

$5.82

1.59 (37.59%)

09:14
11/24/17
11/24
09:14
11/24/17
09:14
Technical Analysis
Technical View: Social Reality trades sharply higher in pre-market »

At time of writing the…

03/08/13
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03/06/13
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03/06/13
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EXC

Exelon

09:10
11/24/17
11/24
09:10
11/24/17
09:10
Conference/Events
Exelon management to meet with Evercore ISI »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 27

    Nov

  • 28

    Nov

  • 29

    Nov

  • 30

    Nov

  • 01

    Dec

PN

Patriot National

09:10
11/24/17
11/24
09:10
11/24/17
09:10
Hot Stocks
Breaking Hot Stocks news story on Patriot National »

Patriot National trading…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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