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MIK

Michaels

$21.13

-0.36 (-1.68%)

15:00
09/19/17
09/19
15:00
09/19/17
15:00

Call buyers in Michaels Companies

Call buyers in Michaels Companies. The stock up 28c to $21.41 and small lots of Nov 22.5 calls trade for 65 and 70c before a 4.3K block printed for 72c when bid-ask was 50 to 75c. 5.8K trade at that line and the bullish positions are being opened a few weeks after earnings were reported. The stock gained 8.5% to $21.27 on 8/24 in reaction to the results.

MIK Michaels
$21.13

-0.36 (-1.68%)

09/05/17
BOFA
09/05/17
INITIATION
Target $29
BOFA
Buy
Michaels reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Elizabeth Suzuki reinstated Michaels with a Buy and a $29 price target saying she expects growth to be driven by store optimization and transformation, improved leverage of lower-cost product sourcing and exclusive brands. The analyst only expects "modest" online disruptions for the arts and crafts industry due to the "important" in-store experience.
07/24/17
07/24/17
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. Huntsman (HUN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Michael Sison saying he believes HuntsmanClariant will generate "attractive earnings growth" through the end of the decade. He also sees the IPO of Venator (VNTR) as a potential catalyst. 2. Caterpillar (CAT) upgraded to Outperform from Market Perform at BMO Capital with analyst Joel Tiss saying he expects the company to provide five year Earnings Per Share guidance at its September investor event "that could approach" his $16 outlook. 3. Michaels (MIK) upgraded to Overweight from Neutral at JPMorgan with analyst Christopher Horvers saying the risk/reward at current share levels is attractive. 4. Xerox (XRX) upgraded to Equal Weight from Underweight at Barclays with analyst Mark Moskowitz saying better market conditions and cost take-outs could help the company improve revenue and margins. 5. Leggett & Platt (LEG) upgraded to Long-Term Buy from Neutral at Hilliard Lyons with analyst Spencer Joyce saying the upgrade is not a call on Q2 results, but does expect positive commentary toward second half 2017 and believes valuation provides a compelling long-term entry point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/24/17
JPMS
07/24/17
UPGRADE
Target $23
JPMS
Overweight
Michaels upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Christopher Horvers upgraded Michaels to Overweight saying the risk/reward at current share levels is attractive. The analyst expects comps to turn positive in the second half of 2017 and keeps a $23 price target for the shares.
06/16/17
MSCO
06/16/17
NO CHANGE
Target $25
MSCO
Overweight
Michaels risk/reward positive, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman was positively surprised by the yesterday's investor meeting saying he did not fully appreciate the amount of innovation across the enterprise, merchandising, shopping experience, omni channel, and business opportunities. The analyst expects Q3 comps of +2%, which will enhance management credibility, demonstrate the stability of the business, and boost confidence. Gutman views Michaels' risk/reward as positive and reiterates his Overweight rating and $29 price target ahead of a same-store-sales rebound in the second half.

TODAY'S FREE FLY STORIES

SYNT

Syntel

$24.30

5.2 (27.23%)

20:37
10/17/17
10/17
20:37
10/17/17
20:37
Upgrade
Syntel rating change  »

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QD

Qudian

20:35
10/17/17
10/17
20:35
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20:35
Syndicate
Qudian 37.5M share IPO priced at $24.00 »

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  • 18

    Oct

ABT

Abbott

$55.06

0.43 (0.79%)

, USB

U.S. Bancorp

$53.88

-0.38 (-0.70%)

20:25
10/17/17
10/17
20:25
10/17/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

ABT

Abbott

$55.06

0.43 (0.79%)

USB

U.S. Bancorp

$53.88

-0.38 (-0.70%)

SVU

Supervalu

$19.38

0.57 (3.03%)

03/08/13
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  • 18

    Oct

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    Oct

  • 17

    Jan

UNH

UnitedHealth

$203.89

10.69 (5.53%)

19:58
10/17/17
10/17
19:58
10/17/17
19:58
Recommendations
UnitedHealth analyst commentary  »

UnitedHealth price target…

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  • 17

    Oct

19:25
10/17/17
10/17
19:25
10/17/17
19:25
Conference/Events
The Heritage Foundation hosts President Trump »

President Trump speaks at…

SINA

Sina

$114.26

-0.73 (-0.63%)

19:18
10/17/17
10/17
19:18
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19:18
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Aristeia: Sina claims 'inaccurate' and 'misleading' »

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  • 03

    Nov

CLDR

Cloudera

$15.51

0.13 (0.85%)

, HTHIY

Hitachi

$75.56

-0.49 (-0.64%)

18:57
10/17/17
10/17
18:57
10/17/17
18:57
Hot Stocks
Cloudera, Hitachi form strategic partnership »

Cloudera (CLDR) announced…

CLDR

Cloudera

$15.51

0.13 (0.85%)

HTHIY

Hitachi

$75.56

-0.49 (-0.64%)

03/08/13
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03/08/13
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03/06/13
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PNFP

Pinnacle Financial

$65.15

-1.15 (-1.73%)

18:35
10/17/17
10/17
18:35
10/17/17
18:35
Earnings
Pinnacle Financial reports Q3 adjusted EPS 90c, consensus 74c »

Reports Q3 revenue…

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  • 18

    Oct

  • 15

    Nov

FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
10/17/17
10/17
18:07
10/17/17
18:07
Hot Stocks
Fulton Financial sees FY17 loans & deposits growth mid to high single digits »

Sees FY17 non-interest…

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  • 18

    Oct

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    Nov

EXXI

Energy XXI

$8.59

-0.41 (-4.56%)

18:07
10/17/17
10/17
18:07
10/17/17
18:07
Hot Stocks
Energy XXI provides operational update on Hurricane Nate impact »

Energy XXI provided an…

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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
10/17/17
10/17
18:07
10/17/17
18:07
Hot Stocks
Fulton Financial cuts Q4 net interest margin view to up 2-6 bp from 3-9 »

Cuts Q4 non-interest…

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  • 18

    Oct

  • 01

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    Nov

HGV

Hilton Grand Vacations

$39.83

0.05 (0.13%)

17:45
10/17/17
10/17
17:45
10/17/17
17:45
Hot Stocks
Hilton Grand Vacations acquires Sunrise Lodge, terms not disclosed »

Hilton Grand Vacations…

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  • 30

    Nov

PRGX

PRGX Global

$6.80

0.05 (0.74%)

, KR

Kroger

$20.48

0.04 (0.20%)

17:42
10/17/17
10/17
17:42
10/17/17
17:42
Hot Stocks
PRGX Global signs multi-year technology services contract with Kroger »

PRGX Global (PRGX) signed…

PRGX

PRGX Global

$6.80

0.05 (0.74%)

KR

Kroger

$20.48

0.04 (0.20%)

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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  • 30

    Nov

  • 14

    Dec

UBFO

United Security Bank

$9.50

-0.05 (-0.52%)

17:38
10/17/17
10/17
17:38
10/17/17
17:38
Earnings
United Security Bank reports Q3 EPS 16c versus 12c in year-ago period »

Reports Q3 NII $8.2M…

03/08/13
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UBSH

Union Bankshares

$35.32

-0.18 (-0.51%)

, XBKS

Xenith Bankshares

$32.77

-0.07 (-0.21%)

17:35
10/17/17
10/17
17:35
10/17/17
17:35
Hot Stocks
Xenith Bankshares merger into Union Bankshares receives regulatory approval »

Union Bankshares (UBSH)…

UBSH

Union Bankshares

$35.32

-0.18 (-0.51%)

XBKS

Xenith Bankshares

$32.77

-0.07 (-0.21%)

03/08/13
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  • 18

    Oct

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    Nov

OMAB

OMA Airports

$41.34

0.28 (0.68%)

17:35
10/17/17
10/17
17:35
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17:35
Hot Stocks
OMA Airports reports Q3 terminal passenger traffic up 1.3% »

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IBM

IBM

$146.54

-0.29 (-0.20%)

17:34
10/17/17
10/17
17:34
10/17/17
17:34
Earnings
IBM sees $2.8B-$2.9B increase in Q4 sales from Q3 »

Sees $300M-$400M boost…

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  • 17

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OMAB

OMA Airports

$41.34

0.28 (0.68%)

17:33
10/17/17
10/17
17:33
10/17/17
17:33
Earnings
OMA Airports reports Q3 EPS 66c, consensus 70c »

Reports Q3 revenue…

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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

17:33
10/17/17
10/17
17:33
10/17/17
17:33
Hot Stocks
Breaking Hot Stocks news story on Select Comfort »

Select Comfort says sees…

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  • 17

    Oct

IBM

IBM

$146.54

-0.29 (-0.20%)

, IBKR

Interactive Brokers

$47.40

-0.32 (-0.67%)

17:32
10/17/17
10/17
17:32
10/17/17
17:32
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: IBM…

IBM

IBM

$146.54

-0.29 (-0.20%)

IBKR

Interactive Brokers

$47.40

-0.32 (-0.67%)

SSKN

STRATA Skin Sciences

$1.75

-0.04 (-2.23%)

HCLP

Hi-Crush Partners

$8.95

0.25 (2.87%)

SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

NAVI

Navient

$12.20

0.47 (4.01%)

CREE

Cree

$29.34

0.06 (0.20%)

AKTX

Akari Therapeutics

$6.40

-0.08 (-1.23%)

MOBL

MobileIron

$3.80

-0.1 (-2.56%)

FOGO

Fogo De Chao

$12.05

0.1 (0.84%)

03/08/13
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  • 17

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  • 18

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  • 22

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  • 01

    Nov

  • 15

    Nov

  • 18

    Oct

IBM

IBM

$146.54

-0.29 (-0.20%)

17:32
10/17/17
10/17
17:32
10/17/17
17:32
Hot Stocks
IBM sees increase in gross margin of 2.5 points from Q3 to Q4 »

Says not yet feeling full…

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  • 17

    Oct

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  • 15

    Nov

PAYX

Paychex

$62.90

-0.55 (-0.87%)

17:31
10/17/17
10/17
17:31
10/17/17
17:31
Syndicate
Breaking Syndicate news story on Paychex »

Paychex files to sell…

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  • 22

    Oct

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    Oct

VZ

Verizon

$48.40

0.31 (0.64%)

17:24
10/17/17
10/17
17:24
10/17/17
17:24
Hot Stocks
FCC settles New York City E-rate investigation with Verizon »

The Federal…

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  • 19

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  • 01

    Nov

SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

17:20
10/17/17
10/17
17:20
10/17/17
17:20
Hot Stocks
Breaking Hot Stocks news story on Select Comfort »

Select Comfort expects to…

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  • 17

    Oct

IBM

IBM

$146.54

-0.29 (-0.20%)

17:17
10/17/17
10/17
17:17
10/17/17
17:17
Hot Stocks
IBM: Global business services signings up for 3rd consecutive quarter »

Says cognitive solutions…

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