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MBI

MBIA

$6.93

0.22 (3.28%)

, ETM

Entercom

$10.95

0.3 (2.82%)

08:45
11/08/17
11/08
08:45
11/08/17
08:45

Largest borrow rate increases among liquid names

Latest data shows the largest indicative borrow rate increases among liquid option names include: MBIA (MBI) 26.84% +0.19, Entercom (ETM) 32.71% +0.11, Energy Transfer Partners (ETP) 2.03% +0.08, JP Morgan (AMJ) 1.51% +0.03, Oclaro (OCLR) 0.93% +0.03, and NetEase (NTES) 0.34% +0.02.

MBI

MBIA

$6.93

0.22 (3.28%)

ETM

Entercom

$10.95

0.3 (2.82%)

ETP

Energy Transfer Partners

$17.34

0.15 (0.87%)

AMJ

American Medical Laboratories Inc

$27.78

0.2 (0.73%)

OCLR

Oclaro

$5.96

-0.22 (-3.56%)

NTES

NetEase

$306.59

-3.1 (-1.00%)

  • 08

    Nov

  • 15

    Nov

  • 12

    Dec

MBI MBIA
$6.93

0.22 (3.28%)

01/30/17
MKMP
01/30/17
NO CHANGE
Target $15
MKMP
Buy
MBIA weakness a buying opportunity, says MKM Partners
MKM Partners analyst Harry Fong said MBIA shares are down 10% over the past several days likely to stories that Puerto Rico's electric utilities' restructuring agreement may need to be revised. Fong believes the restructuring will be completed as currently structured and would use the weakness in MBIA as a buying opportunity. The analyst rates MBIA a Buy with a $15 price target.
10/05/17
MKMP
10/05/17
NO CHANGE
MKMP
Bond insurer decline could be opportunity, says MKM Partners
After President Trump said all of Puerto Rico's debt would have to be wiped out, MKM PArtners analyst Harry Fong does not expect the debt to actually be wiped out. He believes that taking this step would violate the principles of contract law and could destroy the municipal bond market. The analyst adds that the bond insurers will not face liquidity issues if Puerto Rico's debt is wiped out. He believes that the decline in their stocks could prove to be a buying opportunity. He keeps Buy ratings on Assured Guaranty (AGO) and MBIA (MBI), and he maintains a Neutral rating on Ambac (AMBC).
06/07/17
BTIG
06/07/17
NO CHANGE
BTIG
MBIA may be more likely to accept takeover offer, says BTIG
BTIG analyst Mark Palmer believes that S&P's decision to place the credit rating of MBIA's (MBI) National Public Finance Guarantee Corp.on credit watch negative could increase the chances of MBIA selling itself to Assured Guaranty (AGO). Plamer thinks that such a deal would be a "win-win" for MBIA and Assured Guaranty. He keeps Buy ratings on both stocks.
ETM Entercom
$10.95

0.3 (2.82%)

02/03/17
WELS
02/03/17
NO CHANGE
WELS
Entercom merger with CBS Radio positive, says Wells Fargo
After Entercom (ETM) merged with CBS Radio, Wells Fargo says that the deal is positive for Entercom because it is accretive to its EPS and free cash flow per share, "provides scale," and could enable the company to raise its dividend. Wells keeps an Outperform rating on Entercom.
ETP Energy Transfer Partners
$17.34

0.15 (0.87%)

10/17/17
10/17/17
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. Freeport McMoRan (FCX) downgraded to Sell from Hold at Deutsche Bank with analyst Chris Terry saying he sees an unfavorable risk/reward profile due to valuation and continued uncertainty at Grasberg. 2. Energy Transfer Partners (ETP) downgraded to Neutral from Buy at Goldman Sachs with analyst Theodore Durbin saying he sees a weaker distribution growth outlook and prefers Energy Transfer Equity (ETE) over Energy Transfer Partners. 3. Darden (DRI) downgraded to Hold from Buy at Argus with analyst John Staszak noting the company is not immune from weak conditions in the casual dining industry. 4. Blue Buffalo downgraded to Neutral from Overweight at JPMorgan analyst Ken Goldman saying he sees a more balanced risk/reward saying the company's sales into traditional channels may be weaker than he expected. 5. United Natural Foods (UNFI) downgraded to Underperform at RBC Capital with analyst Bill Kirk saying there is competitive contract risk from Amazon's (AMZN) acquisition of Whole Foods, as Amazon has the ability, incentive and precedent to decrease reliance United Natural Foods. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/17
GSCO
10/17/17
DOWNGRADE
Target $20
GSCO
Neutral
Energy Transfer Partners downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Theodore Durbin downgraded Energy Transfer Partners (ETP) to Neutral and lowered his price target for the shares to $20 from $25. The analyst sees a weaker distribution growth outlook and prefers Energy Transfer Equity (ETE) over Energy Transfer Partners. He believes Energy Transfer Equity is better positioned to grow free cash flow and drive above average distribution growth. The analyst this morning upgraded Energy Transfer Equity to Buy.
05/19/17
RBCM
05/19/17
DOWNGRADE
Target $20
RBCM
Sector Perform
PennTex downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst Elvira Scotto downgraded PennTex Midstream Partners (PTXP) to Sector Perform from Outperform and raised her price target to $20 from $19 to account for Energy Transfer Partners' (ETP) tender offer to purchase all of the outstanding common units.
10/17/17
10/17/17
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. Biogen (BIIB) upgraded to Buy from Neutral at Mizuho with analyst Thomas Shrader saying he likes what he sees at Biogen again. 2. Prudential (PRU) upgraded to Buy from Neutral at Citi with analyst Suneet Kamath saying Prudential's current valuation does not give the company enough credit for the quality of its business mix. 3. Chevron (CVX) upgraded to Outperform from Neutral at Macquarie with analyst Iain Reid saying cost reduction efforts and new production volumes driving outstanding free cash generation, which should cover capex and the dividend at an oil price below $40/bbl from 2018 onward. 4. Energy Transfer Equity (ETE) upgraded to Buy from Neutral at Goldman Sachs with analyst Theodore Durbin saying he expects Energy Transfer Equity's above average distribution growth to be driven by an improving free cash flow profile. 5. Emerson (EMR) was upgraded to Outperform from Market Perform at Cowen and to Buy from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AMJ American Medical Laboratories Inc
$27.78

0.2 (0.73%)

OCLR Oclaro
$5.96

-0.22 (-3.56%)

11/02/17
11/02/17
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. Square (SQ) downgraded to Hold from Buy at Stifel with analyst Scott Devitt citing valuation for the rating change and upped his price target for the shares to $36 from $29. 2. Papa John's (PZZA) downgraded to Neutral from Buy at BTIG with analyst Peter Saleh citing an uncertain sales outlook, increased competitive pressures, and modest earnings growth near-term. 3. Newell Brands (NWL) downgraded to Neutral from Overweight at JPMorgan with analyst Andrea Teixeira citing the company's third quarter miss and lowered fiscal 2017 guidance. This marks the second time in two months Newell lowered its outlook, Teixeira tells investors in a post-earnings research note. 4. Oclaro (OCLR) downgraded to Buy from Strong Buy at Needham and to Hold from Buy at Craig-Hallum. 5. DSW (DSW) downgraded to Neutral from Buy at B. Riley FBR with analyst Jeff Van Sinderen saying the multi-year fashion shift away from boots is intensifying, and is being made worse by warmer weather. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/17
STFL
11/02/17
NO CHANGE
STFL
Facebook capex guidance positive for optical component suppliers, says Stifel
Stifel analyst Patrick Newton said Facebook's (FB) guidance for capital expenditures to double from a targeted $7B in 2017 to $14B in 2018 as a positive data point for Finisar (FNSR), Lumentum (LITE), Oclaro (OCLR), Fabrinet (FN), Infinera (INFN) and Ciena (CIEN). He believes Facebook's guidance reaffirms that cloud infrastructure spending is a multi-year trend and the weakness currently being experienced by optical component suppliers represents a near-term issue around timing of expenditures.
11/02/17
NEED
11/02/17
DOWNGRADE
Target $9
NEED
Buy
Oclaro downgraded to Buy at Needham on weak guidance
As previously reported, Needham analyst Alex Henderson downgraded Oclaro to Buy from Strong Buy and cut his price target to $9 from $14. Henderson is citing the company's soft Q2 guidance and management commentary that China will not recover until the second half of 2018 as a result of inventory overhang and limited customer demand visibility.
11/02/17
CHLM
11/02/17
DOWNGRADE
Target $7
CHLM
Hold
Oclaro downgraded to Hold from Buy at Craig-Hallum
Craig-Hallum analyst Richard Shannon downgraded Oclaro to Hold from Buy, while waiting for acceleration in leading edge 400G+ products and given a poor December quarter guide, driven by cloud pauses and technology shifts. The analyst also lowered his price target on the shares to $7 from $12.
NTES NetEase
$306.59

-3.1 (-1.00%)

11/06/17
GSCO
11/06/17
NO CHANGE
Target $320
GSCO
Buy
NetEase battle game early signs encouraging, says Goldman Sachs
Goldman Sachs analyst Fan Liu noted that NetEase's just-launched "Wildness" and "Terminator 2: Judgment Day" shooting battle games rose to the No. 1 and No. 2 positions, respectively, in terms of app downloads, citing data from AppAnnie. The analyst, who called the early launch signs "encouraging," maintains a Buy rating and $320 price target on NetEase shares.
10/04/17
LEHM
10/04/17
INITIATION
Target $260
LEHM
Equal Weight
NetEase initiated with an Equal Weight at Barclays
Barclays analyst Gregory Zhao started NetEase with an Equal Weight rating and $260 price target. The analyst thinks the company lacks a catalyst in the absence of blockbuster titles and sees downside risk to 2018 estimates.
10/06/17
DBAB
10/06/17
NO CHANGE
Target $325
DBAB
Buy
NetEase Q3 miss could cause another 'shake out,' says Deutsche Bank
Softness in mobile gaming could drive a Q3 earnings miss for NetEase, Deutsche Bank analyst Han Joon Kim tells investors in a pre-earnings research note. A miss could prompt another "shake out in the stock" and help reset expectations, the analyst adds. He believes bearish sentiment on NetEase could be coming to an end, however, especially if the company's new game pipeline unveiling in December is promising. The analyst lowered his price target for the shares to $325 from $348 and keeps a Buy rating on the name.
10/30/17
UBSW
10/30/17
DOWNGRADE
UBSW
Neutral
NetEase downgraded to Neutral from Buy at UBS

TODAY'S FREE FLY STORIES

WEN

Wendy's

$15.63

0.24 (1.56%)

, MCD

McDonald's

$173.35

-0.2 (-0.12%)

15:41
12/14/17
12/14
15:41
12/14/17
15:41
Hot Stocks
Chanos says he'd short almost all fast food stocks, except McDonald's »

While being interviewed…

WEN

Wendy's

$15.63

0.24 (1.56%)

MCD

McDonald's

$173.35

-0.2 (-0.12%)

QSR

Restaurant Brands

$61.49

0.16 (0.26%)

YUM

Yum! Brands

$82.12

-0.07 (-0.09%)

JACK

Jack in the Box

$102.49

-0.09 (-0.09%)

SONC

Sonic

$28.32

0.38 (1.36%)

03/08/13
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03/06/13
Citigroup
03/06/13
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  • 08

    Jan

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    Jan

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    Jan

SLM

Sallie Mae

$11.16

-0.45 (-3.88%)

15:40
12/14/17
12/14
15:40
12/14/17
15:40
Options
Sallie Mae sees notable call buying »

Sallie Mae sees notable…

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03/06/13
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MYL

Mylan

$39.53

0.24 (0.61%)

, PRGO

Perrigo

$82.91

-3.11 (-3.62%)

15:36
12/14/17
12/14
15:36
12/14/17
15:36
Periodicals
Mylan, Perrigo among those interesed in Merck KGaA unit, Bloomberg says »

Mylan (MYL), Perrigo…

MYL

Mylan

$39.53

0.24 (0.61%)

PRGO

Perrigo

$82.91

-3.11 (-3.62%)

MKGAY

Merck KGaA

RBGLY

Reckitt Benckiser

$18.17

0.11 (0.61%)

NSRGY

Nestle

$86.67

0.61 (0.71%)

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

Airbus

$26.16

0.62 (2.43%)

15:34
12/14/17
12/14
15:34
12/14/17
15:34
Periodicals
Airbus COO expected to step down, Reuters reports »

Airbus COO and…

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03/08/13
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03/06/13
Citigroup
03/06/13
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JBL

Jabil Circuit

$27.56

-0.99 (-3.47%)

15:34
12/14/17
12/14
15:34
12/14/17
15:34
Options
Jabil Circuit options imply 8.5% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 14

    Dec

  • 09

    Jan

MCD

McDonald's

$173.34

-0.21 (-0.12%)

, QSR

Restaurant Brands

$61.42

0.09 (0.15%)

15:32
12/14/17
12/14
15:32
12/14/17
15:32
Hot Stocks
Jim Chanos says not short McDonald's, but is short other fast food stocks »

Chanos, in making…

MCD

McDonald's

$173.34

-0.21 (-0.12%)

QSR

Restaurant Brands

$61.42

0.09 (0.15%)

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

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EXPR

Express

$10.30

-0.66 (-6.02%)

15:30
12/14/17
12/14
15:30
12/14/17
15:30
Options
Express calls active as shares see relative weakness »

Express calls active as…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 08

    Jan

FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

, DIS

Disney

$111.17

3.555 (3.30%)

15:29
12/14/17
12/14
15:29
12/14/17
15:29
Recommendations
21st Century Fox, Disney analyst commentary  »

21st Century Fox should…

FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

DIS

Disney

$111.17

3.555 (3.30%)

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

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  • 14

    Dec

  • 14

    Dec

  • 15

    Dec

TSLA

Tesla

$339.03

-2 (-0.59%)

15:28
12/14/17
12/14
15:28
12/14/17
15:28
Hot Stocks
Tesla 'already behind' on vehicle autonomy, Chanos says »

Jim Chanos of Kynikos…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 16

    Jan

TSLA

Tesla

$339.03

-2 (-0.59%)

15:27
12/14/17
12/14
15:27
12/14/17
15:27
Hot Stocks
Chanos says Tesla CEO Musk 'has broad interpretation of truth' »

Jim Chanos, who is…

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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  • 16

    Jan

BTC

Bitcoin

, BITCOIN

Bitcoin

15:19
12/14/17
12/14
15:19
12/14/17
15:19
General news
Chanos says 'not short' bitcoin but 'speculation' in it indicative of market »

Jim Chanos of Kynikos…

BTC

Bitcoin

BITCOIN

Bitcoin

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

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ADBE

Adobe

$176.83

4.29 (2.49%)

15:19
12/14/17
12/14
15:19
12/14/17
15:19
Options
Adobe options imply 6.2% move in share price post-earnings, above median historical move »

Pre-earnings options…

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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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  • 14

    Dec

EADSY

Airbus

$26.16

0.62 (2.43%)

15:17
12/14/17
12/14
15:17
12/14/17
15:17
Periodicals
Breaking Periodicals news story on Airbus »

Airbus CEO intends to…

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

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$NSD

NASDAQ Market Internals

15:17
12/14/17
12/14
15:17
12/14/17
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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

Mallinckrodt

$23.11

-0.75 (-3.14%)

, ESRX

Express Scripts

$68.57

0.01 (0.01%)

15:16
12/14/17
12/14
15:16
12/14/17
15:16
Periodicals
Chanos says tax bill will affect healthcare more than people think »

Chanos mentioned…

MNK

Mallinckrodt

$23.11

-0.75 (-3.14%)

ESRX

Express Scripts

$68.57

0.01 (0.01%)

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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  • 14

    Dec

  • 14

    Dec

$NYE

NYSE Market Internals

15:16
12/14/17
12/14
15:16
12/14/17
15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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03/06/13
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03/06/13
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SPX

S&P 500

, SPY

SPDR S&P 500 ETF Trust

$266.05

-0.705 (-0.26%)

15:12
12/14/17
12/14
15:12
12/14/17
15:12
Periodicals
Speaker Ryan says not leaving Congress anytime soon, CBS News reports »

Following a media report…

SPX

S&P 500

SPY

SPDR S&P 500 ETF Trust

$266.05

-0.705 (-0.26%)

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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JCP

J.C. Penney

$2.93

-0.095 (-3.15%)

15:10
12/14/17
12/14
15:10
12/14/17
15:10
Options
Bulls and bears in JC Penney Thursday »

Bulls and bears in JC…

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03/06/13
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CMCSA

Comcast

$38.58

-0.93 (-2.35%)

, CMCSK

Comcast

15:06
12/14/17
12/14
15:06
12/14/17
15:06
Periodicals
Comcast offered more for Fox assets, but Fox preffered Disney deal, CNBC says »

Sources tell CNBC's…

CMCSA

Comcast

$38.58

-0.93 (-2.35%)

CMCSK

Comcast

FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

FOX

21st Century Fox

$32.34

-1.26 (-3.75%)

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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  • 14

    Dec

  • 15

    Dec

COST

Costco

$188.28

-0.02 (-0.01%)

15:04
12/14/17
12/14
15:04
12/14/17
15:04
Options
Costco options imply 5.2% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 14

    Dec

VRX

Valeant

$19.22

-2.83 (-12.83%)

15:03
12/14/17
12/14
15:03
12/14/17
15:03
Technical Analysis
Technical View: Valeant near session lows, levels to watch »

The shares are bouncing…

03/08/13
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03/06/13
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03/06/13
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  • 14

    Dec

  • 27

    Dec

  • 18

    Jun

CI

Cigna

$204.17

-3.75 (-1.80%)

15:02
12/14/17
12/14
15:02
12/14/17
15:02
Hot Stocks
Cigna announces acquisition of digital health plan platform Brighter »

Cigna announced that it…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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15:00
12/14/17
12/14
15:00
12/14/17
15:00
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

ORCL

Oracle

$50.25

0.195 (0.39%)

14:49
12/14/17
12/14
14:49
12/14/17
14:49
Options
Oracle options imply 7.2% move in share price post-earnings, above median historical move »

Pre-earnings options…

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

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  • 14

    Dec

DIS

Disney

$111.04

3.43 (3.19%)

, FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

14:44
12/14/17
12/14
14:44
12/14/17
14:44
Recommendations
Disney, 21st Century Fox analyst commentary  »

RBC Capital sees Disney,…

DIS

Disney

$111.04

3.43 (3.19%)

FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

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

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  • 14

    Dec

  • 14

    Dec

  • 15

    Dec

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