Breaking News Instant updates and real-time market news.

CRUS

Cirrus Logic

$65.30

-0.23 (-0.35%)

, AVGO

Broadcom

$249.02

-1.27 (-0.51%)

05:44
07/18/17
07/18
05:44
07/18/17
05:44

Cirrus Logic downgraded to Underweight from Equal Weight at Barclays

Barclays analyst Blayne Curtis downgraded Cirrus Logic (CRUS) to Underweight saying the company's content story "stalls" in fiscal year 2019. While estimates are achievable for this year, the Apple (AAPL) supply chain offers clearer iPhone 8 content stories like Broadcom (AVGO), Cutis tells investors in a research note. He keeps a $55 price target for Cirrus shares.

CRUS

Cirrus Logic

$65.30

-0.23 (-0.35%)

AVGO

Broadcom

$249.02

-1.27 (-0.51%)

AAPL

Apple

$149.56

0.52 (0.35%)

  • 01

    Aug

  • 02

    Aug

  • 08

    Aug

CRUS Cirrus Logic
$65.30

-0.23 (-0.35%)

06/20/17
OTRG
06/20/17
NO CHANGE
OTRG
iPhone content update at OTR Global
OTR global believes Cirrus Logic's (CRUS) new iPhone dollar content could be slightly down compared with the iPhone 7 and Cypress Semiconductor (CY) could gain a new design win for a fast charge controller chip.
06/05/17
KEYB
06/05/17
NO CHANGE
KEYB
Apple workaround positive for suppliers, says KeyBanc
KeyBanc analyst John Vinh says his checks with suppliers indicate that "Apple (AAPL) has developed a workaround for the fingerprint sensor issue for the virtual home button in the iPhone 8." He now expects the OLED version of iPhone 8 to "ramp" in October, and he continues to recommend buying iPhone suppliers Broadcom (AVGO), Cirrus Logic (CRUS), and Skyworks (SWKS). Vinh remains upbeat on those names despite his firm's downgrade of Apple today because they are trading well below their peak P/E valuations and have opportunities for content growth beyond the iPhone 8, according to the analyst.
06/01/17
NEED
06/01/17
NO CHANGE
Target $80
NEED
Buy
Cirrus Logic price target raised to $80 from $70 at Needham
Needham analyst Rajvindra Gill said that following meetings with Cirrus Logic (CRUS) management he has higher conviction of revenue growth drivers outside of Apple (AAPL) in 2018 and 2019, leading his to raise his price target to $80 from $70. Gill keeps a Buy rating on Cirrus shares.
05/03/17
OPCO
05/03/17
NO CHANGE
OPCO
Oppenheimer expects limited reaction in Apple supply chain
Following Apple's quarterly results, Oppenheimer analyst Rick Schafer expects a limited reaction in the company's supply chain, as several component suppliers have already reported results, and most investors are looking ahead to the upcoming fall iPhone "super-cycle." His top picks in the Apple supply chain are content-driven growth stories Broadcom (AVGO) and Skyworks (SWKS), while remaining sidelined on Cirrus Logic (CRUS) and Qorvo (QRVO) heading into their prints.
AVGO Broadcom
$249.02

-1.27 (-0.51%)

06/09/17
NOMU
06/09/17
NO CHANGE
NOMU
Micron has positive read through from Broadcom news, says Nomura Instinet
After meeting with Broadcom's (AVGO) CEO, Nomura analyst Romit Shah thinks that the company tried to buy Toshiba's (TOSBF) NAND flash business. The analyst says that Broadcom's effort should lead investors to question whether Micron (MU) is undervalued. He keeps a $40 price target and Buy rating on the shares.
06/15/17
RAJA
06/15/17
INITIATION
Target $300
RAJA
Strong Buy
Broadcom resumed with a Strong Buy, named a favorite idea at Raymond James
Raymond James analyst Chris Caso resumed coverage on Broadcom with an Outperform and a $300 price target calling it a favorite idea. The analyst does not believe consensus estimates reflect the full extent of iPhone content increases or cash flows from the Brocade acquisition.
07/03/17
CHLM
07/03/17
NO CHANGE
Target $48
CHLM
Buy
ITC decision should drive settlement talks for Xperi, says Craig-Hallum
Craig-Hallum analyst Richard Shannon said the ITC's ruling over a patent in the dispute between Xperi (XPER) and Broadcom (AVGO) "strongly suggests" an import restriction could eventually be implemented on a variety of Broadcom devices and he believes notice of a violation could spur settlement talks between the two. Shannon, who sees considerable upside potential for Xperi if both this patent fight and a re-licensing with Samsung are favorably resolved, reiterates his Buy rating on the stock.
07/17/17
MSCO
07/17/17
NO CHANGE
Target $290
MSCO
Overweight
Broadcom a Top Pick for second half at Morgan Stanley
Morgan Stanley analyst Craig Hettenbach said the Street appears to be under-modeling Broadcom's wireless business in the second half and said the company is picking up new content in custom applications, including wireless charging and touch. The analyst believes shares are poised to move sharply higher following a two-month consolidation and sees additional catalysts from the Broadcom deal closure and renewed focus on cash returns. Hettenbach raised Broadcom's price target to $290 from $280 and views shares as a Top Pick for second half 2017. Shares of Broadcom are Overweight rated.
AAPL Apple
$149.56

0.52 (0.35%)

07/17/17
MSCO
07/17/17
NO CHANGE
Target $182
MSCO
Overweight
Apple near-term iPhone estimates cut, target raised to $182 at Morgan Stanley
Morgan Stanley analyst Katy Huberty lowered her September quarter iPhone unit estimate to reflect a slightly later iPhone 8 launch, citing increasing evidence that the high-end OLED version of the device will not launch until October. However, she raised her forecast for FY18 to reflect better December and March quarter seasonality on par with the 4s cycle, which she views as the best guide for seasonality during the iPhone 8 supercycle. Huberty raised her price target on Apple shares to $182 from $177 and keeps an Overweight rating on the stock.
07/13/17
BERN
07/13/17
NO CHANGE
BERN
PayPal deal lowers comeptitive threat, says Bernstein
After PayPal (PYPL) announced a partnership deal with Apple (AAPL), Bernstein analyst Lisa Ellis says that the deal lowers the "wildcard" threat of competition for PayPal. The analyst adds that the deal could enable PayPal to access iPhones through NFC in the future or make a broader partnership deal with Apple Pay. Ellis keeps a $61 price target and an Outperform rating on PayPal.
07/13/17
MONN
07/13/17
NO CHANGE
MONN
PayPal price target raised to $70 from $54 at Monness Crespi
After conducting checks, Monness Crespi analyst James Cakmak raised his price target on PayPal (PYPL) . He says that the market is failing to appreciate the boost to PayPal's margins that its Pay with Venmo product will bring. The analyst also expects PayPal to make an international deal with Alphabet's (GOOG,GOOGL) Android and he thinks that its newly announced deal with Apple (AAPL) "diminishes competitive risks." Cakmak adds that the company can benefit meaningfully from a partnership with Facebook (FB), The analyst keeps a Buy rating on PayPal.
07/12/17
BOFA
07/12/17
NO CHANGE
Target $180
BOFA
Buy
Apple near-term estimates lowered on expected iPhone 8 delays at BofA/Merrill
BofA Merrill Lynch analyst Wamsi Mohan said the firm's supply chain checks suggest that the high-end OLED iPhone 8 will likely ship three to four weeks after the LCD models of the new device and that fingerprint and 3D sensors are also potential causes for delay. Given all of this, he is expecting a delayed launch for the iPhone 8 and cut his September quarter shipment estimate by about 11M units and lowered his December quarter iPhone estimates by 6M units. However, he keeps a Buy rating and $180 price target on Apple shares.

TODAY'S FREE FLY STORIES

BG

Bunge

$77.16

-1.5283 (-1.94%)

10:33
07/20/17
07/20
10:33
07/20/17
10:33
Hot Stocks
Bunge sees Q2 adjusted net income below low end of range of estimates »

Q2 2017 adjusted net…

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

See Street Research during your Free Trial

  • 20

    Jul

  • 02

    Aug

  • 14

    Aug

10:30
07/20/17
07/20
10:30
07/20/17
10:30
General news
EIA natural gas storage change for week ending July 14 »

Gas inventories 28 Bcf…

CHRW

C.H. Robinson

$68.69

-0.81 (-1.17%)

10:30
07/20/17
07/20
10:30
07/20/17
10:30
Options
Put buyers in CH Robinson as shares fall on earnings »

Put buyers in CH Robinson…

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

See Street Research during your Free Trial

  • 20

    Jul

10:30
07/20/17
07/20
10:30
07/20/17
10:30
General news
Today's U.S. reports »

Today's U.S. reports…

STLD

Steel Dynamics

$37.49

0.99 (2.71%)

10:29
07/20/17
07/20
10:29
07/20/17
10:29
Hot Stocks
Breaking Hot Stocks news story on Steel Dynamics »

Steel Dynamics says very…

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

See Street Research during your Free Trial

  • 20

    Jul

XOM

Exxon Mobil

$81.30

0.45 (0.56%)

10:29
07/20/17
07/20
10:29
07/20/17
10:29
Periodicals
Exxon Mobil fined $2M over Ukraine-related sanctions violations, Reuters says »

The U.S. Treasury…

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

See Street Research during your Free Trial

HD

Home Depot

$146.69

-6.615 (-4.32%)

, LOW

Lowe's

$73.43

-3.4 (-4.43%)

10:27
07/20/17
07/20
10:27
07/20/17
10:27
Recommendations
Home Depot, Lowe's analyst commentary  »

Home Depot and…

HD

Home Depot

$146.69

-6.615 (-4.32%)

LOW

Lowe's

$73.43

-3.4 (-4.43%)

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

See Street Research during your Free Trial

  • 15

    Aug

STLD

Steel Dynamics

$37.49

0.99 (2.71%)

, NUE

Nucor

$58.99

-1.67 (-2.75%)

10:27
07/20/17
07/20
10:27
07/20/17
10:27
Hot Stocks
Steel Dynamics CEO says flat rolled enviroment steady despite auto »

Industry will follow…

STLD

Steel Dynamics

$37.49

0.99 (2.71%)

NUE

Nucor

$58.99

-1.67 (-2.75%)

X

U.S. Steel

$24.08

-0.39 (-1.59%)

AKS

AK Steel

$6.52

-0.08 (-1.21%)

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

See Street Research during your Free Trial

  • 20

    Jul

  • 20

    Jul

  • 25

    Jul

  • 26

    Jul

PFE

Pfizer

$33.60

-0.025 (-0.07%)

, MRK

Merck

$63.18

0.555 (0.89%)

10:26
07/20/17
07/20
10:26
07/20/17
10:26
Hot Stocks
Credit Suisse cuts Pfizer to hold, prefers Merck, J&J »

Credit Suisse downgraded…

PFE

Pfizer

$33.60

-0.025 (-0.07%)

MRK

Merck

$63.18

0.555 (0.89%)

JNJ

Johnson & Johnson

$136.04

0.83 (0.61%)

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

See Street Research during your Free Trial

  • 28

    Jul

  • 01

    Aug

  • 02

    Aug

  • 03

    Aug

  • 09

    Aug

  • 27

    Aug

  • 22

    Sep

10:25
07/20/17
07/20
10:25
07/20/17
10:25
General news
U.S. leading economic index rose 0.6% to 127.8 in June »

U.S. leading economic…

C

Citi

$66.79

0.09 (0.13%)

10:25
07/20/17
07/20
10:25
07/20/17
10:25
Conference/Events
Citigroup to hold a conference call »

CFO Gerspach holds a…

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

See Street Research during your Free Trial

  • 20

    Jul

  • 25

    Jul

STLD

Steel Dynamics

$37.49

0.99 (2.71%)

10:21
07/20/17
07/20
10:21
07/20/17
10:21
Hot Stocks
Breaking Hot Stocks news story on Steel Dynamics »

Steel Dynamics CEO says…

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

See Street Research during your Free Trial

  • 20

    Jul

TSLA

Tesla

$325.26

-2.98 (-0.91%)

10:21
07/20/17
07/20
10:21
07/20/17
10:21
Hot Stocks
Citi awaits better Tesla entry point as bulls, bears both make good points »

Citi analyst Itay…

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

See Street Research during your Free Trial

  • 02

    Aug

  • 08

    Aug

  • 02

    Oct

VRTX

Vertex

$159.69

27.53 (20.83%)

10:20
07/20/17
07/20
10:20
07/20/17
10:20
Options
Large call spread in Vertex Pharm after yesterday's surge »

Large call spread in…

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

See Street Research during your Free Trial

  • 26

    Jul

10:20
07/20/17
07/20
10:20
07/20/17
10:20
General news
Treasury Action: longer yields rotated lower again »

Treasury Action: longer…

STLD

Steel Dynamics

$37.49

0.99 (2.71%)

10:19
07/20/17
07/20
10:19
07/20/17
10:19
Hot Stocks
Breaking Hot Stocks news story on Steel Dynamics »

Steel Dynamics cites…

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

See Street Research during your Free Trial

  • 20

    Jul

TSLA

Tesla

$325.26

-2.98 (-0.91%)

, JNJ

Johnson & Johnson

$136.03

0.82 (0.61%)

10:19
07/20/17
07/20
10:19
07/20/17
10:19
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…click here.

TSLA

Tesla

$325.26

-2.98 (-0.91%)

JNJ

Johnson & Johnson

$136.03

0.82 (0.61%)

TTS

Tile Shop

$14.83

-0.175 (-1.17%)

SBPH

Spring Bank Pharmaceuticals

$14.20

-0.12 (-0.84%)

DISCA

Discovery

$27.18

1.13 (4.34%)

SNI

Scripps Networks

$76.89

9.87 (14.73%)

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

See Street Research during your Free Trial

  • 02

    Aug

  • 08

    Aug

  • 09

    Aug

  • 09

    Aug

  • 02

    Oct

PFE

Pfizer

, RAD

Rite Aid

$2.50

-0.1322 (-5.03%)

10:19
07/20/17
07/20
10:19
07/20/17
10:19
Downgrade
On The Fly: Top five analyst downgrades »

Catch up on today's…click here.

PFE

Pfizer

RAD

Rite Aid

$2.50

-0.1322 (-5.03%)

FMSA

Fairmount Santrol

$3.63

-0.245 (-6.33%)

NEWR

New Relic

$47.96

-0.84 (-1.72%)

SND

Smart Sand

$7.87

0.25 (3.28%)

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

See Street Research during your Free Trial

  • 01

    Aug

  • 02

    Aug

  • 03

    Aug

  • 03

    Aug

  • 03

    Aug

  • 08

    Aug

  • 27

    Aug

  • 29

    Aug

NKE

Nike

$59.31

1.54 (2.67%)

, BGS

B&G Foods

$37.08

1.275 (3.56%)

10:18
07/20/17
07/20
10:18
07/20/17
10:18
Upgrade
On The Fly: Top five analyst upgrades »

Catch up on today's…click here.

NKE

Nike

$59.31

1.54 (2.67%)

BGS

B&G Foods

$37.08

1.275 (3.56%)

HPQ

HP Inc.

$18.86

0.155 (0.83%)

RCL

Royal Caribbean

$115.14

2.5775 (2.29%)

BWLD

Buffalo Wild Wings

$122.60

0.65 (0.53%)

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

See Street Research during your Free Trial

  • 26

    Jul

  • 16

    Aug

  • 29

    Aug

  • 11

    Sep

STLD

Steel Dynamics

$37.49

0.99 (2.71%)

10:18
07/20/17
07/20
10:18
07/20/17
10:18
Hot Stocks
Steel Dynamics sees more stabilized scrap environment in 2H »

Comments from Q2 earnings…

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

See Street Research during your Free Trial

  • 20

    Jul

$NSD

NASDAQ Market Internals

10:17
07/20/17
07/20
10:17
07/20/17
10:17
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

See Street Research during your Free Trial

$NYE

NYSE Market Internals

10:16
07/20/17
07/20
10:16
07/20/17
10:16
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

See Street Research during your Free Trial

10:15
07/20/17
07/20
10:15
07/20/17
10:15
General news
FX Action: The dollar »

FX Action: The dollar…

10:15
07/20/17
07/20
10:15
07/20/17
10:15
General news
Breaking General news story  »

Week of 7/14 EIA Natural…

RAD

Rite Aid

$2.50

-0.129 (-4.90%)

10:11
07/20/17
07/20
10:11
07/20/17
10:11
Hot Stocks
Rite Aid expands Naloxone dispensing program to Michigan, South Carolina »

Rite Aid announced that…

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

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.