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AMCX

AMC Networks

$57.24

-0.03 (-0.05%)

12:00
09/15/17
09/15
12:00
09/15/17
12:00

AMC Networks attracts a bullish option play as shares rally

AMC Networks attracts a bullish option play as shares rally. The stock up $2.25 to $59.50 and 2K Dec 60 calls trade for $3.28 per contact. 2.7K trade total and the new positions likely replace the 2.8K Sep 65 calls, which are the largest open interest block in the name at 2.8K and are expiring today.

AMCX AMC Networks
$57.24

-0.03 (-0.05%)

02/24/17
02/24/17
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. Wendy's (WEN) upgraded to Overweight from Neutral at JPMorgan with analyst John Ivankoe saying the shares are attractive around the $13.50 level. The analyst likes the moves by the new management team and keeps a $15 price target for the shares. 2. AMC Networks (AMCX) upgraded to Buy from Hold at Stifel with analyst Benjamin Mogil saying better than expected ad monetization, despite materially down Walking Dead ratings, indicates strength outside of that window and the continued appeal of the shows attractiveness in a fragmented market. 3. Chesapeake (CHK) upgraded to Neutral from Sell at UBS with analyst William Featherston citing valuation with the stock below his $6 price target as well as the company's improved liquidity position. 4. Intuit (INTU) upgraded to Outperform from Neutral at Credit Suisse with analyst Michael Nemeroff citing his expectations for a normal close to the 2016 tax season, in which he expects the company to at least maintain its share of the tax prep market and continued strong growth in its small business segment, particularly given new and expanded partnerships with financial institutions such as JPMorgan Chase (JPM), Wells Fargo (WFC), and others. The analyst also raised his price target on Intuit's shares to $140 from $109. 5. Helmerich & Payne (HP) upgraded to Buy from Neutral at BofA/Merrill with analyst Timna Tanners saying he expects land rig pricing power to improve due to increasing US land rig count and increased E&P capex plans. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/10/17
PIPR
04/10/17
DOWNGRADE
Target $60
PIPR
Neutral
AMC Networks downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Stan Meyers downgraded AMC Networks to Neutral citing viewership declines at the flagship Walking Dead franchise, "quickly accelerating" content and marketing costs as well as his firm's teen survey which indicated teens are turning away from cable at a faster pace. The analyst cut his price target AMC shares to $60 from $73.
04/10/17
04/10/17
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. AstraZeneca (AZN) downgraded to Hold from Buy at Jefferies with analyst Jeffrey Holford citing the impact of future revenue externalizations and asset disposals on revenue and earnings growth. Consensus estimates may overestimate revenue by up to $2.5B and core operating profit by up to $850M by 2021, Holford tells investors in a research note. 2. J.M. Smucker (SJM) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Matthew Grainger saying increased retail competition adds to a challenging US Foods backdrop. The analyst sees two headwinds emerging from Wal-Mart's (WMT) increased leverage over Food manufacturers and renewed private label growth. Grainger said J.M. Smucker's has outsized risk to Wal-Mart and private label risk , and as a result downgraded shares and lowered his price target to $126 from $132. 3. Marriott (MAR) downgraded to Buy from Conviction Buy at Goldman with analyst Stephen Grambling citing outperformance versus the S&P since adding shares to the Conviction Buy List on September 25, 2016. 4. AMC Networks (AMCX) downgraded to Neutral from Overweight at Piper Jaffray with analyst Stan Meyers citing viewership declines at the flagship Walking Dead franchise, "quickly accelerating" content and marketing costs as well as his firm's teen survey which indicated teens are turning away from cable at a faster pace. The analyst cut his price target AMC shares to $60 from $73. 5. Cinemark (CNK) downgraded to Buy from Conviction Buy at Goldman with analyst Michael Ng citing valuation and maintained its Buy rating and $49 price target. The analyst expects Cinemark to outperform box office growth in 2017 given its aggressive rollout of recliners across its US footprint in 2016. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/19/17
JPMS
07/19/17
NO CHANGE
JPMS
Scripps, Discovery merger reports to help Media stocks, says JPMorgan
JPMorgan analyst Alexia Quadrani sees both a strategic and financial rationale for a merger between Scripps Networks (SNI) and Discovery Communications (DISCA). She believes, however, that with no terms mentioned in any of the press reports on the deal talks, it is difficult to evaluate any potential deal. Further, the analyst adds that the speculation "may end up just being chatter" coming out of last week's media executive conference in Sun Valley. Nonetheless, Quadrani believes the press reports should have a "very positive influence" on Media stocks, which she notes have been out of favor. The analyst expects to see particular outperformance from heavily shorted Media names such as AMC Networks (AMCX).

TODAY'S FREE FLY STORIES

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Agco

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GDX

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$23.50

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$24.32

0.12 (0.50%)

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GLD

SPDR Gold Trust

$123.62

-1 (-0.80%)

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$33.69

-1.66 (-4.70%)

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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$18.82

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DUST

Direxion Daily Gold Miners Bear 3X ETF

$24.34

1.09 (4.69%)

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JDST

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$54.48

2.67 (5.15%)

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VXX

iPath S&P 500 VIX Short-Term Futures

$40.98

0.07 (0.17%)

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XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$93.36

-0.23 (-0.25%)

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$12.45

0.06 (0.48%)

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SVXY

ProShares Short VIX Short-Term Futures

$89.64

-0.09 (-0.10%)

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ALV

Autoliv

$122.59

1.04 (0.86%)

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USO

United States Oil Fund

$10.24

0.13 (1.29%)

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XOP

SPDR Oil Exploration and Production Fund

$32.86

0.68 (2.11%)

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$21.73

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VelocityShares 3x Long Natural Gas ETN

$13.20

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AMD

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Nvidia

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EWZ

MSCI Brazil Index

$43.19

0.13 (0.30%)

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EFA

iShares MSCI EAFE Index Fund

$68.32

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JNK

SPDR Barclays High Yield Bond

$37.21

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SJB

ProShares Short High Yield

$23.19

0.0092 (0.04%)

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AUO

AU Optronics

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HYG

iShares iBoxx $ High Yield Corporate Bond

$88.45

-0.01 (-0.01%)

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