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AKS

AK Steel

$6.30

0.11 (1.78%)

, BAC

Bank of America

$22.93

-0.2 (-0.86%)

08:55
06/23/17
06/23
08:55
06/23/17
08:55

Notable open interest changes for June 23rd

Thursday's total option volume of 14.6 million contracts resulted in net open interest growth of 2.82 million calls and 2.46 million puts. AK Steel (AKS), Bank of America (BAC), Oracle (ORCL) and BlackBerry (BBRY) saw the greatest growth. Top five new positions opened include 112k AK Steel (AKS) Jul-17 8 calls, 35k Urban Outfitters (URBN) Jul-17 16 puts, 31k Blackstone (BX) Jan-18 37 calls, 20k Bank of America (BAC) 6/23 weekly 23.5 calls and 20k Plains All American (PAA) Aug-17 21 puts.

AKS

AK Steel

$6.30

0.11 (1.78%)

BAC

Bank of America

$22.93

-0.2 (-0.86%)

ORCL

Oracle

$50.30

3.97 (8.57%)

BBRY

New ticker symbol BB

$11.06

0.41 (3.85%)

  • 23

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    Jun

  • 25

    Jul

AKS AK Steel
$6.30

0.11 (1.78%)

05/25/17
CLKS
05/25/17
UPGRADE
CLKS
Buy
AK Steel upgraded to Buy from Neutral at Clarksons Platou
06/19/17
LBOW
06/19/17
UPGRADE
LBOW
Buy
AK Steel upgraded to Buy from Neutral at Longbow
06/19/17
LBOW
06/19/17
NO CHANGE
LBOW
Steel stocks upgraded on positive price outlook at Longbow
As noted earlier, Longbow upgraded steelmakers Nucor (NUE), Steel Dynamics (STLD), U.S. Steel (X) and AK Steel (AKS) to Buy from Hold. After speaking with contacts in the sector, analyst Chris Olin says they expect steel HRC prices to rise $50-$60 per ton, driven by "a (recent) modest uptick in downstream steel orders, inventory adjustments and a large pullback in the number of steel import offers." In the wake of his checks, Olin now sees the chances of near-term government support of the U.S. steel sector in the form of protection from imports at 70%-80%, up from 50% last month. The analyst reports that "some buyers" expect price to rise to $700-$750 per ton following the government action, up from $590-$600 currently. Nucor target $66, Steel Dynamics target $40, U.S. Steel target $30, AK Steel target $10.
06/23/17
DBAB
06/23/17
UPGRADE
Target $10
DBAB
Buy
AK Steel upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Jorge Beristain said underlying U.S. economic activity appears positive and supportive trade policy actions could be a catalyst to change investor perception of the metals space. Citing his view that imports should subside once Section 232 is formerly released and signed into law, Beristain upgraded AK Steel to Buy from Hold and keeps a $10 price target on the shares.
BAC Bank of America
$22.93

-0.2 (-0.86%)

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.
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.
06/09/17
RBCM
06/09/17
NO CHANGE
RBCM
House financial reform bill unlikely to advance in Senate, says RBC Capital
RBC Capital analyst Gerard Cassidy says that the financial regulation reform bill passed yesterday by the House would help the banking sector but probably won;t be passed by the Senate. Large publicly traded banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
ORCL Oracle
$50.30

3.97 (8.57%)

06/23/17
ARGS
06/23/17
UPGRADE
ARGS
Buy
Oracle upgraded on cloud success at Argus
As noted earlier, Argus upgraded Oracle to Buy from Hold. Analyst Joseph Bonner says that the company's Q4 results show that its cloud business is already having "some success." . The analyst adds that he "likes the company's "shareholder friendly attitude, demonstrated by" the large increase in its dividend and its share repurchases. Target $61.
06/22/17
BNCH
06/22/17
NO CHANGE
Target $62
BNCH
Speculative Buy
Oracle price target raised to $62 from $55 at Benchmark
Benchmark analyst Yun Kim said Oracle's "strong" Q4 results and business momentum reflect the successful execution of its cloud strategy. The analyst, who sees Oracle as one of the best ways to play the cloud computing trend, raised his price target on the stock to $62 from $55 and keeps a Buy rating on the name.
06/22/17
06/22/17
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. Oracle (ORCL) upgraded to Outperform from Neutral at Wedbush with analyst Steve Koenig saying that the company's guidance for "roughly" double digit percentage fiscal 2018 earnings per share growth "looks achievable," while checks indicate that its PaaS and IaaS sales pipeline is strong. 2. Southwest (LUV) upgraded to Buy from Hold at Argus with analyst David Coleman saying shares have further upside. 3. Abercrombie & Fitch (ANF) upgraded to Hold from Sell at Wunderlich with analyst Eric Beder saying risk/rewards is balanced and remains cautious on the company's turnaround efforts. 4. CarMax (KMX) upgraded to Outperform from Sector Perform at RBC Capital with analyst Scot Ciccarelli saying that the company's comparable sales continue to beat expectations, and he thinks the company's sales should continue to be boosted by its improved use of Search Engine Optimization and declining used car valuations. 5. Brinker (EAT) upgraded to Market Perform from Underperform at BMO Capital with analyst Andrew Strelzik citing his belief that sector-wide restaurant comps will accelerate over the next several months due to weakening commodity prices. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/23/17
ARGS
06/23/17
UPGRADE
Target $61
ARGS
Buy
Oracle upgraded to Buy from Hold at Argus
BBRY New ticker symbol BB
$11.06

0.41 (3.85%)

06/05/17
FBCO
06/05/17
NO CHANGE
Target $8
FBCO
Underperform
Toyota move away from QNX a significant loss for BlackBerry, says Credit Suisse
After Toyota (TM) announced last week that it will adopt the open-source Automotive Grade Linux platform for its next-generation infotainment system, dropping BlackBerry's (BBRY) QNX in the process, Credit Suisse analyst Kulbinder Garcha called it significant loss given both that this indicates increasing competition and that the move was made by the world's largest automaker. While QNX is a small part of BlackBerry's overall business, he sees this news as damaging its growth story in autonomous and connected cars, Garcha tells investors. He keeps an Underperform rating and $8 price target on BlackBerry shares.
06/06/17
SBSH
06/06/17
NO CHANGE
Target $5
SBSH
Sell
Fitbit checks suggest weak domestic sales, says Citi
Citi analyst Stanley Kovler says his firm's channel checks into app downloads, Google search and pricing suggest continued near-term weak domestic sales for Fitbit (FIT) but some improvements international, mainly in Europe and Latin America. According to IDC, Apple (AAPL) and Xiaomi tied for the top position in wearables with 15% unit share apiece versus Fitbit at number three with 12% share in Q1, down from 23% last year, Kovler tells investors in a research note. The analyst points out that it took Apple four-to-five quarters to start making a "competitive dent" against a prior industry leader BlackBerry (BBRY). Kovler believes the same could now be playing out with Fitbit against the Apple Watch. He keeps a Sell rating on Fitbit shares with a $5 price target.
06/23/17
FBCO
06/23/17
NO CHANGE
Target $8
FBCO
Underperform
BlackBerry Q1 results a negative, says Credit Suisse
Credit Suisse analyst Kulbinder Garcha views BlackBerry's Q1 results as a "negative" as revenues and gross margins were below consensus and his estimates. The analyst maintained an Underperform rating and $8 price target on BlackBerry shares.
06/01/17
06/01/17
NO CHANGE

Citron compares BlackBerry to Nvidia, sets $20 target

TODAY'S FREE FLY STORIES

02:45
11/21/17
11/21
02:45
11/21/17
02:45
General news
FX Update: Narrow ranges have been prevailing »

FX Update: Narrow ranges…

SPN

Superior Energy

$8.81

-0.14 (-1.56%)

21:18
11/20/17
11/20
21:18
11/20/17
21:18
Upgrade
Superior Energy rating change at SunTrust »

Superior Energy upgraded…

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MDT

Medtronic

$78.90

-0.59 (-0.74%)

, LOW

Lowe's

$81.46

1.24 (1.55%)

20:25
11/20/17
11/20
20:25
11/20/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MDT

Medtronic

$78.90

-0.59 (-0.74%)

LOW

Lowe's

$81.46

1.24 (1.55%)

ADI

Analog Devices

$93.07

2.65 (2.93%)

DLTR

Dollar Tree

$97.11

2.5 (2.64%)

HRL

Hormel Foods

$33.40

0.28 (0.85%)

CPB

Campbell Soup

$49.93

0.21 (0.42%)

BURL

Burlington Stores

$106.55

1.82 (1.74%)

SIG

Signet Jewelers

$75.84

-0.74 (-0.97%)

DSW

DSW

$22.53

0.38 (1.72%)

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CCLP

CSI Compressco

$5.28

-0.16 (-2.94%)

19:32
11/20/17
11/20
19:32
11/20/17
19:32
Hot Stocks
CSI Compressco names Owen Serjeant president »

CSI Compressco announced…

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AMAT

Applied Materials

$57.62

1.13 (2.00%)

, AAPL

Apple

$169.98

-0.17 (-0.10%)

19:04
11/20/17
11/20
19:04
11/20/17
19:04
Periodicals
Applied Materials expected to purchase former Apple complex, Mercury News says »

An office complex that…

AMAT

Applied Materials

$57.62

1.13 (2.00%)

AAPL

Apple

$169.98

-0.17 (-0.10%)

03/08/13
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Credit Suisse
03/06/13
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03/06/13
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  • 20

    Nov

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    Nov

FOX

21st Century Fox

$29.90

-0.58 (-1.90%)

, FOXA

21st Century Fox

$30.66

-0.49 (-1.57%)

18:21
11/20/17
11/20
18:21
11/20/17
18:21
Periodicals
Fox reaches $90M settlement over sexual harassment scandal, Reuters says »

21st Century Fox reached…

FOX

21st Century Fox

$29.90

-0.58 (-1.90%)

FOXA

21st Century Fox

$30.66

-0.49 (-1.57%)

03/08/13
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03/06/13
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BABA

Alibaba

$188.00

2.87 (1.55%)

18:19
11/20/17
11/20
18:19
11/20/17
18:19
Hot Stocks
Muddy Waters says Alibaba numbers 'obviously fake' »

Short seller Muddy Waters…

03/08/13
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PANW

Palo Alto Networks

$142.53

-0.19 (-0.13%)

, CHKP

Check Point

$102.98

0.83 (0.81%)

18:15
11/20/17
11/20
18:15
11/20/17
18:15
Recommendations
Palo Alto Networks, Check Point, Fortinet analyst commentary at JPMorgan »

Palo Alto quarter…

PANW

Palo Alto Networks

$142.53

-0.19 (-0.13%)

CHKP

Check Point

$102.98

0.83 (0.81%)

FTNT

Fortinet

$40.77

0.46 (1.14%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 20

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  • 17

    Jan

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    Jan

AMZN

Amazon.com

$1,126.31

-3.57 (-0.32%)

18:14
11/20/17
11/20
18:14
11/20/17
18:14
Hot Stocks
Amazon announces cloud software for U.S spy agencies AWS Secret Region »

Amazon announced the new…

03/08/13
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03/06/13
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  • 18

    Mar

BIVV

Bioverativ

$50.76

-5.35 (-9.53%)

, RHHBY

Roche

$30.82

1.72 (5.91%)

18:08
11/20/17
11/20
18:08
11/20/17
18:08
Recommendations
Deutsche cuts Bioverativ target to $53 after positive Roche data »

Deutsche Bank analyst…

BIVV

Bioverativ

$50.76

-5.35 (-9.53%)

RHHBY

Roche

$30.82

1.72 (5.91%)

SHPG

Shire

$141.37

-6 (-4.07%)

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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  • 30

    Nov

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  • 23

    Feb

CUBI

Customers Bancorp

$27.04

0.28 (1.05%)

18:04
11/20/17
11/20
18:04
11/20/17
18:04
Hot Stocks
Customers Bancorp: Flagship could raise capital in IPO transaction in 1H18 »

Customers Bancorp, the…

03/08/13
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03/06/13
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03/06/13
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T

AT&T

$34.64

0.13 (0.38%)

, TWX

Time Warner

$87.71

-1.01 (-1.14%)

18:04
11/20/17
11/20
18:04
11/20/17
18:04
Hot Stocks
AT&T CEO says has offered DOJ solutions that were not accepted »

Says DOJ suit throws lots…

T

AT&T

$34.64

0.13 (0.38%)

TWX

Time Warner

$87.71

-1.01 (-1.14%)

03/08/13
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03/06/13
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03/06/13
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  • 29

    Nov

NGD

New Gold

$3.21

-0.02 (-0.62%)

18:02
11/20/17
11/20
18:02
11/20/17
18:02
Hot Stocks
New Gold announces sale of Peak Mines for $58M »

New Gold announces that…

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IMI

Intermolecular

$1.31

0.1 (8.26%)

18:01
11/20/17
11/20
18:01
11/20/17
18:01
Hot Stocks
Intermolecular partners with SITRI to develop MtM technologies »

Intermolecular, Inc and…

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  • 20

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CMCSA

Comcast

$35.83

-0.33 (-0.91%)

18:00
11/20/17
11/20
18:00
11/20/17
18:00
Initiation
Comcast initiated at Buckingham »

Comcast initiated with an…

03/08/13
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03/06/13
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MLNX

Mellanox

$51.05

1 (2.00%)

17:59
11/20/17
11/20
17:59
11/20/17
17:59
Hot Stocks
Mellanox up nearly 6% after Starboard discloses a 9.8% stake in the company »

In after-hours trading,…

03/08/13
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  • 27

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PLNT

Planet Fitness

$30.15

0.07 (0.23%)

17:58
11/20/17
11/20
17:58
11/20/17
17:58
Initiation
Planet Fitness initiated at DA Davidson »

Planet Fitness initiated…

03/08/13
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TER

Teradyne

$44.43

0.86 (1.97%)

17:57
11/20/17
11/20
17:57
11/20/17
17:57
Downgrade
Teradyne rating change at Deutsche Bank »

Teradyne downgraded to…

03/08/13
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  • 20

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    Nov

CBS

CBS

$55.93

-0.81 (-1.43%)

17:56
11/20/17
11/20
17:56
11/20/17
17:56
Periodicals
CBS News suspends Charlie Rose following sexual harassment claims, AP says 

Reference Link

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CBS

CBS

$55.93

-0.81 (-1.43%)

17:55
11/20/17
11/20
17:55
11/20/17
17:55
Periodicals
Eight women accuse Charlie Rose of sexual harassment, Washington Post says »

Eight women have said…

03/08/13
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MLNX

Mellanox

$51.05

1 (2.00%)

, MRVL

Marvell

$21.59

1.3 (6.41%)

17:53
11/20/17
11/20
17:53
11/20/17
17:53
Hot Stocks
Starboard Value reports 9.8% stake in Mellanox, may seek talks »

Peter A. Feld, a…

MLNX

Mellanox

$51.05

1 (2.00%)

MRVL

Marvell

$21.59

1.3 (6.41%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 27

    Nov

  • 27

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    Nov

  • 28

    Nov

  • 05

    Dec

  • 06

    Dec

CDXS

Codexis

17:46
11/20/17
11/20
17:46
11/20/17
17:46
Hot Stocks
Breaking Hot Stocks news story on Codexis »

Telemark Asset Management…

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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  • 12

    Dec

T

AT&T

$34.64

0.13 (0.38%)

, TWX

Time Warner

$87.71

-1.01 (-1.14%)

17:45
11/20/17
11/20
17:45
11/20/17
17:45
Hot Stocks
AT&T CEO says giving up control of CNN is a 'non-starter' »

Says plenty of solutions…

T

AT&T

$34.64

0.13 (0.38%)

TWX

Time Warner

$87.71

-1.01 (-1.14%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 29

    Nov

BBY

Best Buy

$56.35

0.52 (0.93%)

17:45
11/20/17
11/20
17:45
11/20/17
17:45
Conference/Events
Best Buy management to meet with SunTrust »

Group dinner to be held…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 20

    Nov

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  • 21

    Nov

T

AT&T

$34.64

0.13 (0.38%)

, TWX

Time Warner

$87.71

-1.01 (-1.14%)

17:43
11/20/17
11/20
17:43
11/20/17
17:43
Hot Stocks
AT&T CEO says DOJ suit 'defies logic' »

Says has offered…

T

AT&T

$34.64

0.13 (0.38%)

TWX

Time Warner

$87.71

-1.01 (-1.14%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 29

    Nov

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