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FRED

Fred's

$10.74

-0.16 (-1.47%)

15:05
06/19/17
06/19
15:05
06/19/17
15:05

Fred's call volume above normal and directionally bullish

Bullish option flow detected in Fred's with 1,520 calls trading, 1.1x expected, and implied vol increasing almost 12 points to 101.23%. Jul-17 12.5 calls and Jul-17 15 calls are the most active options, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 0.14. Earnings are expected on August 30th.

FRED Fred's
$10.74

-0.16 (-1.47%)

06/06/17
WELS
06/06/17
NO CHANGE
WELS
Amazon may be the next threat to drug pricing, says Wells Fargo
After CNBC recently reported that Amazon (AMZN) is considering going into the prescription pharmacy business in the U.S., Wells Fargo surveyed nearly 2,900 U.S. adults and found that 54% of those polled said they would use or would probably use "Amazon Pharmacy." While the e-commerce giant has not confirmed its U.S. pharmacy interest, if it did enter the market analyst David Maris believes it could see fast adoption and "usher in a new age of price transparency." Maris also wonders if pharmacy "may be just the beginning" and if Amazon eyes the "even larger prize" of fully integrated digital healthcare. Publicly traded large-cap pharmaceuticals companies include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY). Publicly traded retail pharmacy operators include CVS Health (CVS), Walgreens (WBA), Fred's (FRED) and Rite Aid (RAD).
04/12/17
COWN
04/12/17
NO CHANGE
Target $90
COWN
Outperform
Cowen confidence fading on Walgreens/Rite Aid deal
Cowen analyst Charles Ryhee said although his confidence has faded a bit on whether the deal for Walgreens (WBA) to buy Rite Aid (RAD) will close, he still puts the probability at 60%. He feels if the FTC did not think the parties had a case they would have made that clear already. Rhee said his sources tell him there are continued reports the FTC is concerned about the viability of Fred's (FRED) to absorb the acquisition of Rite Aid stores. Ryhee maintained his Outperform rating and lowered his price target to $90 from $95 on Walgreens shares.
04/11/17
LEER
04/11/17
NO CHANGE
Target $90
LEER
Outperform
Leerink incrementally more cautious on Walgreens, Rite Aid deal
After reviewing the Rite Aid (RAD)/Fred's (FRED) remedy in more detail, Leerink analyst David Larsen says the odds of the Walgreens Boots Alliance (WBA)/Rite Aid deal going through are 50/50. The analyst notes that shares of the latter appear to be trading as if the deal will not go through. Larsen is incrementally more cautious on the deal, but believes that the odds of the transaction going through are "decent." He reiterates an Outperform rating and $90 price target on Walgreens' shares.
03/21/17
DBAB
03/21/17
NO CHANGE
DBAB
Deutsche says Rite Aid could fall 53% if Walgreens deal fails
Deutsche Bank analyst George Hill points out that according to recent media reports, the Federal Trade Commission still has issues with Walgreens Boots Alliance's (WBA) proposed acquisition of Rite Aid (RAD) as well as Fred's (FRED) as a buyer of divested stores. Should the deal fail to close, Walgreens shares have downside to the $73-$79 range, or up to 14%, Hill tells investors in a research note, citing his analysis. Rite Aid shares, the analyst suspects, could fall to $2.25 per share, or 53% from current levels, the analyst contends. He believes a key to Walgreens' decision to certify compliance with the second request could be the current makeup of the FTC, which has three vacant seats along with a Democratic Commissioner and Republican Chairperson. Hill has a Buy rating on Walgreens with a $92 price target, which he notes excludes Rite Aid.

TODAY'S FREE FLY STORIES

GME

GameStop

$17.16

-0.6 (-3.38%)

08:00
01/17/18
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Options
GameStop put buyer realizes 26% same-day gains »

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MON

Monsanto

$119.72

0.02 (0.02%)

08:00
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Monsanto analyst commentary  »

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  • 31

    Jan

08:00
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General news
U.S. chain store sales fell 1.9% to 115.3 in the week ended January 13 »

U.S. chain store sales…

COG

Cabot Oil & Gas

$28.03

-0.85 (-2.94%)

07:59
01/17/18
01/17
07:59
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07:59
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Cabot Oil & Gas rating change  »

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WLK

Westlake Chemical

$110.40

-3.54 (-3.11%)

07:58
01/17/18
01/17
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07:58
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Westlake Chemical analyst commentary  »

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LADR

Ladder Capital

$14.62

1.03 (7.58%)

07:58
01/17/18
01/17
07:58
01/17/18
07:58
Hot Stocks
Ladder Capital reports unsolicited $15 per share takeover proposal from Related »

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  • 23

    Jan

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  • 01

    Feb

LYB

LyondellBasell

$115.89

-1.79 (-1.52%)

07:57
01/17/18
01/17
07:57
01/17/18
07:57
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LyondellBasell analyst commentary  »

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BLUE

bluebird bio

$163.35

-7.35 (-4.31%)

07:57
01/17/18
01/17
07:57
01/17/18
07:57
Technical Analysis
Technical Take: bluebird bio sharply higher in early trading »

The shares were last up…

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  • 26

    Feb

AEP

American Electric

$67.50

0.04 (0.06%)

07:57
01/17/18
01/17
07:57
01/17/18
07:57
Upgrade
American Electric rating change  »

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AAPL

Apple

$176.19

-0.9 (-0.51%)

07:56
01/17/18
01/17
07:56
01/17/18
07:56
Periodicals
iPhone supply chain prepares for low order visibility in 1Q18, DigiTimes says »

Component suppliers in…

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  • 01

    Feb

UNH

UnitedHealth

$232.90

4.26 (1.86%)

07:56
01/17/18
01/17
07:56
01/17/18
07:56
Recommendations
UnitedHealth analyst commentary  »

UnitedHealth price target…

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CE

Celanese

$109.67

-1.67 (-1.50%)

07:55
01/17/18
01/17
07:55
01/17/18
07:55
Recommendations
Celanese analyst commentary  »

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  • 26

    Jan

07:55
01/17/18
01/17
07:55
01/17/18
07:55
General news
Fedspeak resumes along with a Senate vote on Powell »

Fedspeak resumes along…

CLR

Continental Resources

$56.93

-0.73 (-1.27%)

07:54
01/17/18
01/17
07:54
01/17/18
07:54
Downgrade
Continental Resources rating change  »

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PXD

Pioneer Natural

$182.51

-3.64 (-1.96%)

07:53
01/17/18
01/17
07:53
01/17/18
07:53
Downgrade
Pioneer Natural rating change  »

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  • 07

    Feb

IPAS

iPass

$0.45

-0.0349 (-7.21%)

07:53
01/17/18
01/17
07:53
01/17/18
07:53
Initiation
iPass initiated  »

iPass initiated with a…

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BYD

Boyd Gaming

$36.16

-0.32 (-0.88%)

07:51
01/17/18
01/17
07:51
01/17/18
07:51
Initiation
Boyd Gaming initiated  »

Boyd Gaming initiated…

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GSK

GlaxoSmithKline

$37.92

0.42 (1.12%)

, NURO

NeuroMetrix

$1.72

-0.06 (-3.37%)

07:51
01/17/18
01/17
07:51
01/17/18
07:51
Technical Analysis
Technical Take: NeuroMetrix up sharply, GlaxoSmithKline strategic collaboration »

NeuroMetrix (NURO) was…

GSK

GlaxoSmithKline

$37.92

0.42 (1.12%)

NURO

NeuroMetrix

$1.72

-0.06 (-3.37%)

03/08/13
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  • 07

    Feb

  • 25

    Mar

  • 23

    Apr

MOBL

MobileIron

07:51
01/17/18
01/17
07:51
01/17/18
07:51
Initiation
MobileIron initiated  »

MobileIron initiated with…

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PPG

PPG

$116.64

-1.53 (-1.29%)

07:51
01/17/18
01/17
07:51
01/17/18
07:51
Downgrade
PPG rating change  »

PPG downgraded to Neutral…

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  • 18

    Jan

JEC

Jacobs Engineering

$69.42

-0.14 (-0.20%)

07:51
01/17/18
01/17
07:51
01/17/18
07:51
Hot Stocks
Jacobs wins engineering services agreement from Carcross/Tagish Energy »

Jacobs Engineering Group…

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  • 17

    Jan

  • 07

    Feb

07:50
01/17/18
01/17
07:50
01/17/18
07:50
Conference/Events
UBS REITs analyst holds an analyst/industry conference call »

REITs Analyst Yulico,…

GM

General Motors

$44.19

0.12 (0.27%)

07:49
01/17/18
01/17
07:49
01/17/18
07:49
Periodicals
GM, DHL use Chinese plant to handle flow of parts, Reuters reports »

DHL employees have been…

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  • 06

    Feb

EGAN

eGain

$5.35

-0.35 (-6.14%)

07:48
01/17/18
01/17
07:48
01/17/18
07:48
Initiation
eGain initiated  »

eGain initiated with a…

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NFLX

Netflix

$221.53

0.3 (0.14%)

07:48
01/17/18
01/17
07:48
01/17/18
07:48
Recommendations
Netflix analyst commentary  »

Netflix checks suggest…

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  • 18

    Jan

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    Jan

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    Jan

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    Jan

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