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BAC

Bank of America

$24.01

-0.205 (-0.85%)

14:31
07/17/17
07/17
14:31
07/17/17
14:31

Technical Earnings Preview: Bank of America trading in a wide range before news

The stock has been marking time following a sharp lift higher off the November 2016 lows. The range can largely be described by a low at the $22.50 area and a high at the $25 area, with notable but brief excursions on either end of the range. Price is currently closer to the top of the range ahead of earnings. On a move above $24, a run to the $25 area range high would be probable. If the news and outlook are more strongly bullish than expected, a breakout above the 52-week high at $25.80 would be possible. Next resistance thereafter would be at the $27.50 area. If the report or outlook are far-weaker than expected, the first significant support would be at the range low at the $22.50 area. A break below that level would confirm a top in place, with next supports to watch as potential downside objectives at $21.23 and at $20.

  • 18

    Jul

BAC Bank of America
$24.01

-0.205 (-0.85%)

07/11/17
BARD
07/11/17
NO CHANGE
BARD
Big bank set-up not great, would sell into extended rally, says Baird
Baird analyst David George does not see a great set-up for money-center banks heading into Q2 earnings. He said the trade looks crowded and he would be a seller into an extended rally. George said the risk/reward is less attractive following the sector's most recent rally as economic growth remains muted and the pace of NIM expansion may slow. George believes the biggest potential catalyst would be a gradual steepening of the yield curve and pick-up on loan growth.
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).
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.
04/24/17
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.

TODAY'S FREE FLY STORIES

AIV

Aimco

$44.15

-0.09 (-0.20%)

12:43
10/18/17
10/18
12:43
10/18/17
12:43
Hot Stocks
Aimco asks court to halt Airbnb activity pending final ruling on lawsuit »

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  • 27

    Oct

VIAB

Viacom

$26.57

0.31 (1.18%)

, CHTR

Charter

$357.84

-4.76 (-1.31%)

12:38
10/18/17
10/18
12:38
10/18/17
12:38
Recommendations
Viacom, Charter analyst commentary  »

Viacom carriage deal…

VIAB

Viacom

$26.57

0.31 (1.18%)

CHTR

Charter

$357.84

-4.76 (-1.31%)

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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  • 26

    Oct

CMG

Chipotle

$321.62

-7.68 (-2.33%)

12:36
10/18/17
10/18
12:36
10/18/17
12:36
Hot Stocks
Chipotle slides after analyst says sell on labor costs concerns »

Shares of Chipotle…

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03/06/13
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03/06/13
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  • 24

    Oct

DYN

Dynegy

$9.53

0.085 (0.90%)

12:35
10/18/17
10/18
12:35
10/18/17
12:35
Options
Dynegy put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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03/06/13
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BMRN

BioMarin

$93.54

-1.12 (-1.18%)

12:34
10/18/17
10/18
12:34
10/18/17
12:34
Hot Stocks
BioMarin says Pegvaliase application remains on track »

BioMarin said its…

03/08/13
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03/06/13
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  • 18

    Oct

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  • 06

    Nov

  • 28

    Feb

BMRN

BioMarin

$93.54

-1.12 (-1.18%)

12:32
10/18/17
10/18
12:32
10/18/17
12:32
Hot Stocks
BioMarin provides update on development portfolio »

BioMarin updated the…

03/08/13
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  • 18

    Oct

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    Nov

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    Feb

IBM

IBM

$160.45

13.905 (9.49%)

, ABT

Abbott

$56.00

0.9449 (1.72%)

12:30
10/18/17
10/18
12:30
10/18/17
12:30
General news
On The Fly: Top stock stories at midday »

Stocks opened sharply…

IBM

IBM

$160.45

13.905 (9.49%)

ABT

Abbott

$56.00

0.9449 (1.72%)

ANTM

Anthem

$193.45

6.19 (3.31%)

CVS

CVS Health

$74.11

1.475 (2.03%)

CREE

Cree

$29.34

0.06 (0.20%)

RXDX

Ignyta

$14.35

0.95 (7.09%)

AGN

Allergan

$188.67

-9.11 (-4.61%)

SVU

Supervalu

$17.73

-1.65 (-8.51%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 18

    Oct

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  • 18

    Oct

  • 20

    Oct

  • 22

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  • 01

    Nov

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    Nov

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    Nov

  • 15

    Nov

  • 12

    Dec

BMRN

BioMarin

$93.54

-1.12 (-1.18%)

12:29
10/18/17
10/18
12:29
10/18/17
12:29
Earnings
BioMarin sees 2017 product revenue at mid-point of guidance »

BioMarin said that at…

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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  • 18

    Oct

  • 26

    Oct

  • 06

    Nov

  • 28

    Feb

EQT

EQT Corporation

$62.94

-0.3799 (-0.60%)

12:25
10/18/17
10/18
12:25
10/18/17
12:25
Options
EQT Corporation call volume above normal and directionally bullish »

Bullish option flow…

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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  • 26

    Oct

  • 14

    Nov

NLSN

Nielsen

$41.06

1.06 (2.65%)

, LGF

Use LGF.A, LGF.B

12:20
10/18/17
10/18
12:20
10/18/17
12:20
Hot Stocks
Nielsen to independently measure subscription-based streaming content. »

Nielsen announced that…

NLSN

Nielsen

$41.06

1.06 (2.65%)

LGF

Use LGF.A, LGF.B

DIS

Disney

$97.64

-0.7161 (-0.73%)

TWX

Time Warner

$101.12

-0.34 (-0.34%)

NFLX

Netflix

$199.48

-3.2 (-1.58%)

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

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  • 22

    Oct

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    Oct

  • 09

    Nov

$NSD

NASDAQ Market Internals

12:17
10/18/17
10/18
12:17
10/18/17
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
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03/06/13
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$NYE

NYSE Market Internals

12:16
10/18/17
10/18
12:16
10/18/17
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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

MobileIron

$3.80

-0.1 (-2.56%)

12:10
10/18/17
10/18
12:10
10/18/17
12:10
Downgrade
MobileIron rating change  »

MobileIron 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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MBI

MBIA

$7.08

0.07 (1.00%)

12:10
10/18/17
10/18
12:10
10/18/17
12:10
Options
Far downside put buyer in MBIA opens a notable new position »

Far downside put buyer in…

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MOBL

MobileIron

$3.80

-0.1 (-2.56%)

12:07
10/18/17
10/18
12:07
10/18/17
12:07
Downgrade
MobileIron rating change  »

MobileIron downgraded to…

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

Steel Dynamics

12:06
10/18/17
10/18
12:06
10/18/17
12:06
Technical Analysis
Technical Earnings Preview: Steel Dynamics has a potential bullish pattern »

On a very long-term…

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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  • 19

    Oct

DANOY

Danone

$16.67

0.3 (1.83%)

12:05
10/18/17
10/18
12:05
10/18/17
12:05
Hot Stocks
Danone names Emmanuel Faber as both Chairman and CEO »

Danone announced that its…

03/08/13
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03/08/13
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03/06/13
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NFLX

Netflix

$199.48

-3.2 (-1.58%)

12:00
10/18/17
10/18
12:00
10/18/17
12:00
Options
Large four-way option spread in Netflix as shares slump for a second day »

Large four-way option…

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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  • 22

    Oct

12:00
10/18/17
10/18
12:00
10/18/17
12:00
General news
Treasury Action: TIPS are weaker »

Treasury Action: TIPS are…

ADBE

Adobe

$150.38

-0.08 (-0.05%)

11:55
10/18/17
10/18
11:55
10/18/17
11:55
Hot Stocks
Adobe announces acquisition of KyleBrush.com; terms not disclosed »

Adobe announces in a blog…

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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  • 18

    Oct

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    Oct

  • 06

    Nov

GMLP

Golar LNG Partners

$22.98

-0.08 (-0.35%)

11:50
10/18/17
10/18
11:50
10/18/17
11:50
Options
Notable call write in Golar LNG Partners »

Notable call write in…

03/08/13
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03/06/13
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03/06/13
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11:50
10/18/17
10/18
11:50
10/18/17
11:50
General news
FX Action: USD-JPY »

FX Action: USD-JPY…

IPXL

Impax

$19.30

-0.65 (-3.26%)

11:45
10/18/17
10/18
11:45
10/18/17
11:45
Conference/Events
Impax management to meet with Deutsche Bank »

Group luncheon to be held…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 18

    Oct

  • 09

    Nov

BITCOIN

Bitcoin

11:44
10/18/17
10/18
11:44
10/18/17
11:44
Hot Stocks
Bitcoin falls after release of CFTC report on virtual currencies »

The U.S. Commodity…

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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EBAY

eBay

$37.49

-0.28 (-0.74%)

, SHOP

Shopify

$98.14

1.93 (2.01%)

11:41
10/18/17
10/18
11:41
10/18/17
11:41
Earnings
On The Fly: What to watch in eBay earnings report »

eBay (EBAY) is scheduled…

EBAY

eBay

$37.49

-0.28 (-0.74%)

SHOP

Shopify

$98.14

1.93 (2.01%)

AMZN

Amazon.com

$1,009.13

2.79 (0.28%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 18

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