Breaking News Instant updates and real-time market news.

CME

CME Group

$149.54

1.71 (1.16%)

, CBOE

CBOE Holdings

$123.43

2.5 (2.07%)

08:05
12/01/17
12/01
08:05
12/01/17
08:05

CFTC to allow CME, CBOE to launch bitcoin products

The U.S. Commodity Futures Trading Commission noted that the Chicago Mercantile Exchange (CME) and the CBOE Futures Exchange (CBOE) self-certified new contracts for bitcoin futures products, and the Cantor Exchange self-certified a new contract for bitcoin binary options. CFTC Chairman J. Christopher Giancarlo said regarding the news: "Bitcoin, a virtual currency, is a commodity unlike any the Commission has dealt with in the past. As a result, we have had extensive discussions with the exchanges regarding the proposed contracts, and CME, CFE and Cantor have agreed to significant enhancements to protect customers and maintain orderly markets. In working with the Commission, CME, CFE and Cantor have set an appropriate standard for oversight over these bitcoin contracts given the CFTC's limited statutory ability to oversee the cash market for bitcoin. Market participants should take note that the relatively nascent underlying cash markets and exchanges for bitcoin remain largely unregulated markets over which the CFTC has limited statutory authority. There are concerns about the price volatility and trading practices of participants in these markets. We expect that the futures exchanges, through information sharing agreements, will be monitoring the trading activity on the relevant cash platforms for potential impacts on the futures contracts' price discovery process, including potential market manipulation and market dislocations due to flash rallies and crashes and trading outages. Nevertheless, investors should be aware of the potentially high level of volatility and risk in trading these contracts." Once the contracts are launched, Commission staff will engage in a variety of risk-monitoring activities. As trading on these DCMs evolves, the Commission will continue to assess whether further changes are required to the contract design and settlement processes and work with the DCMs to effect any changes, the CFTC added.

CME

CME Group

$149.54

1.71 (1.16%)

CBOE

CBOE Holdings

$123.43

2.5 (2.07%)

BTC

Bitcoin

BITCOIN

Bitcoin

  • 05

    Dec

CME CME Group
$149.54

1.71 (1.16%)

07/12/17
SBSH
07/12/17
INITIATION
Target $140
SBSH
Buy
CME Group initiated with a Buy at Citi
Citi analyst Ben Herbert started CME Group with a Buy rating and $140 price target. "Deep" franchises in Energy, Fed Fund Futures and Treasury Futures and Options make CME the best positioned U.S. exchange, the analyst contends.
07/12/17
SBSH
07/12/17
DOWNGRADE
Target $16
SBSH
Sell
Virtu Financial downgraded to Sell from Neutral at Citi
Citi analyst Ben Herbert downgraded Virtu Financial (VIRT) to Sell and lowered his price target for the shares to $16 from $17 after taking over lead coverage from William Katz. The analyst has concerns over peak penetration, dividend pressure and the likely reduction of consensus estimates. He recommends a pair trade of long CME Group (CME), short Virtu.
08/16/17
DBAB
08/16/17
NO CHANGE
Target $135
DBAB
Buy
CME Group reiterated as top exchange pick at Deutsche Bank
Deutsche Bank analyst Brian Bedell reiterates CME Group as his top exchange pick after hosting investor meetings with management. The company's "multiple organic growth opportunities" make the stock much more than just a play on interest rates or macro volatility, Bedell tells investors in a research note. He keeps a Buy rating on CME with a $135 price target.
09/08/17
LEHM
09/08/17
INITIATION
Target $139
LEHM
Overweight
CME Group initiated with an Overweight at Barclays
Barclays analyst Jeremy Campbell started CME Group with an Overweight rating and $139 price target. The analyst initiated U.S. Brokers, Asset Managers & Exchanges with a Neutral industry view.
CBOE CBOE Holdings
$123.43

2.5 (2.07%)

10/16/17
RBCM
10/16/17
DOWNGRADE
Target $108
RBCM
Sector Perform
CBOE Holdings downgraded to Sector Perform at RBC Capital on limited upside
As previously noted, RBC Capital analyst Peter Lenardos downgraded CBOE Holdings to Sector Perform from Outperform but also raised his price target to $108 from $100. Lenardos says he remains impressed with sustained momentum in the company's high margin proprietary trading volume and anticipates a sector-wide multiple expansion, but the 45% year-to-date stock price appreciation captures its near-term upside.
10/16/17
RBCM
10/16/17
DOWNGRADE
RBCM
Sector Perform
CBOE Holdings downgraded to Sector Perform from Outperform at RBC Capital
10/05/17
WELS
10/05/17
NO CHANGE
Target $120
WELS
Outperform
CBOE Holdings price target raised to $120 from $106 at Wells Fargo
Wells Fargo raised its price target for CBOE Holdings to $120 from $106 on valuation. The analyst reiterates an Outperform rating on the shares.
09/08/17
LEHM
09/08/17
INITIATION
Target $105
LEHM
Equal Weight
CBOE Holdings initiated with an Equal Weight at Barclays
Barclays analyst Jeremy Campbell started CBOE Holdings with an Equal Weight rating and $105 price target. The analyst initiated U.S. Brokers, Asset Managers & Exchanges with a Neutral industry view.
BTC Bitcoin

11/27/17
11/27/17
DOWNGRADE
Target $30

Sell
BTIG says sell Square after 'overdone' bitcoin-fueled rally
As previously reported, BTIG analyst Mark Palmer downgraded Square (SQ) to Sell from Neutral, as he believes the stock's valuation reflects "emphatic and unimpeded growth" but fails to factor in the risks facing the company from increasing competition from First Data's (FDC) Clover, Vantiv (VNTV) and others. Other concerns, such as macroeconomic and credit-related risks, "did not go away when some investors suddenly viewed its shares as a play on a trendy cryptocurrency" following the company's confirmation that it is testing allowing users to buy and sell bitcoin using its app, Palmer tells investors. He has a $30 price target on Square shares, which closed Friday at $48.86.
11/29/17
STPT
11/29/17
NO CHANGE
STPT
Standpoint raises 2018 bitcoin price target to $20,000 from $14,000
Standpoint Research analyst Ronnie Moas raised his 2018 price target for bitcoin to $20,000 from $14,000. The current price is around $10,720 and the split-adjusted price is now $12,740 when factoring in Bitcoin Cash, Bitcoin Gold and Bitcoin Diamond, Moas tells investors in an intraday email. There is "no way to justify" gold investments equaling 40 times than that of bitcoin, the analyst argues. He thinks an argument can be made that bitcoin will be equal to gold in 10-15 years. Currently, gold has $7T in investments to bitcoin's $180B, according to Moas.
BITCOIN Bitcoin

11/03/17
STPT
11/03/17
NO CHANGE
STPT
Standpoint raises 2018 bitcoin target to $11,000 from $7,500
Standpoint analyst Ronnie Moas raised his 2018 price target for bitcoin to $11,000 from $7,500 while reiterating his belief that his 2027 target of $50,000 is conservative. Moas says the cryptocurrency market offers a "value play" unlike any he has seen in his 20 years in the business. "It remains undervalued by more than 75% even though bitcoin has jumped by 1200% already in the last year and it has doubled since Jamie Dimon referred to bitcoin as a scam just six weeks ago," the analyst writes in an email. Bitcoin Investment Trust (GBTC) closed yesterday up $3.00 to $930.00. To receive alerts on stories relating to bitcoin and other cryptocurrencies, Fly subscribers can enter the word "Bitcoin" into their portfolio.
11/20/17
STPT
11/20/17
NO CHANGE
STPT
Standpoint raises 2018 bitcoin price target to $14,000 from $11,000
Standpoint Research analyst Ronnie Moas raised his 2018 price target for bitcoin to $14,000 from $11,000. The price just crossed $8,180 and is now split-adjusted at $9,518 when you factor in the August fork spinoff bitcoin cash and the October fork spinoff bitcoin gold at $158, Moas writes in an email. The analyst sees the price of bitcoin hitting $60,000 five years. He says this is reached by 0.5% of the global total money invested currently in cash, stocks, bonds and gold going into the cryptocurrency.

TODAY'S FREE FLY STORIES

13:45
12/13/17
12/13
13:45
12/13/17
13:45
General news
Breaking General news story  »

FOMC Forecasts to be…

13:45
12/13/17
12/13
13:45
12/13/17
13:45
General news
FOMC Meeting Announcement Federal Funds Rate to be reported at 14:00 »

FOMC Meeting Announcement…

TMUS

T-Mobile

$63.48

0.41 (0.65%)

13:44
12/13/17
12/13
13:44
12/13/17
13:44
Recommendations
T-Mobile analyst commentary  »

T-Mobile acquisition of…

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

  • 13

    Dec

TNC

Tennant

$62.85

0.8 (1.29%)

13:43
12/13/17
12/13
13:43
12/13/17
13:43
Hot Stocks
Tennant says will 'carefully evaluate' views of shareholder PrimeStone »

Tennant Company announced…

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

NKTR

Nektar

$54.87

-0.34 (-0.62%)

13:40
12/13/17
12/13
13:40
12/13/17
13:40
Options
Notable call buying in Nektar as shares reach 52-week highs »

Notable call buying 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

EXPR

Express

$11.01

0.135 (1.24%)

13:35
12/13/17
12/13
13:35
12/13/17
13:35
Options
Express put volume heavy and directionally bearish »

Bearish flow noted 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

  • 08

    Jan

DBD

Diebold

$17.78

-0.725 (-3.92%)

13:22
12/13/17
12/13
13:22
12/13/17
13:22
Recommendations
Diebold analyst commentary  »

Diebold needs…

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

CVG

Convergys

$24.12

0.15 (0.63%)

13:21
12/13/17
12/13
13:21
12/13/17
13:21
Conference/Events
Convergys management to meet with SunTrust »

Meeting to be held in New…

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

  • 13

    Dec

$NSD

NASDAQ Market Internals

13:17
12/13/17
12/13
13:17
12/13/17
13:17
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

13:16
12/13/17
12/13
13:16
12/13/17
13:16
Technical Analysis
NYSE 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

DAL

Delta Air Lines

$53.48

-0.14 (-0.26%)

, EADSY

Airbus

$25.54

0.22 (0.87%)

13:15
12/13/17
12/13
13:15
12/13/17
13:15
Periodicals
Delta to place 'huge' jet order with Airbus, CNN says »

Delta Air Lines (DAL)…

DAL

Delta Air Lines

$53.48

-0.14 (-0.26%)

EADSY

Airbus

$25.54

0.22 (0.87%)

BA

Boeing

$293.91

3.97 (1.37%)

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

  • 14

    Dec

SBCF

Seacoast Banking

$25.52

0.21 (0.83%)

13:15
12/13/17
12/13
13:15
12/13/17
13:15
Conference/Events
Seacoast Banking management to meet with SunTrust »

Meeting to be held in New…

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

  • 13

    Dec

HBI

Hanesbrands

$21.31

0.355 (1.69%)

13:15
12/13/17
12/13
13:15
12/13/17
13:15
Options
HanesBrands put volume heavy and directionally bearish »

Bearish flow noted 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

DAL

Delta Air Lines

$53.49

-0.135 (-0.25%)

, BA

Boeing

$293.97

4.0261 (1.39%)

13:11
12/13/17
12/13
13:11
12/13/17
13:11
Periodicals
Delta to order about 100 jets from Airbus, CNN says »

Shares of Boeing (BA) are…

DAL

Delta Air Lines

$53.49

-0.135 (-0.25%)

BA

Boeing

$293.97

4.0261 (1.39%)

EADSY

Airbus

$25.54

0.22 (0.87%)

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

  • 14

    Dec

SAFM

Sanderson Farms

$167.00

1.08 (0.65%)

13:09
12/13/17
12/13
13:09
12/13/17
13:09
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

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

  • 14

    Dec

NDSN

Nordson

$124.22

-0.8 (-0.64%)

, PIR

Pier 1 Imports

$5.80

0.34 (6.23%)

13:09
12/13/17
12/13
13:09
12/13/17
13:09
Earnings
Notable companies reporting after market close »

Notable companies…

NDSN

Nordson

$124.22

-0.8 (-0.64%)

PIR

Pier 1 Imports

$5.80

0.34 (6.23%)

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

  • 14

    Dec

AMN

AMN Healthcare

$48.20

-0.1 (-0.21%)

13:09
12/13/17
12/13
13:09
12/13/17
13:09
Conference/Events
AMN Healthcare management to meet with SunTrust »

Meeting to be held 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

  • 13

    Dec

  • 14

    Dec

DECK

Deckers Brands

$78.28

1.15 (1.49%)

13:06
12/13/17
12/13
13:06
12/13/17
13:06
Periodicals
Marcato poised to win in proxy battle with Deckers, Reuters reports »

Marcato Capital appears…

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

MDT

Medtronic

$81.66

-0.345 (-0.42%)

13:03
12/13/17
12/13
13:03
12/13/17
13:03
Hot Stocks
Medtronic pays $12M in multistate settlement over marketing »

Massachusetts will…

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

SPX

S&P 500

, SPY

SPDR S&P 500 ETF Trust

$267.00

0.2237 (0.08%)

12:57
12/13/17
12/13
12:57
12/13/17
12:57
Periodicals
Trump says would sign tax bill with 21% corporate rate, CNBC reports 

Reference Link

SPX

S&P 500

SPY

SPDR S&P 500 ETF Trust

$267.00

0.2237 (0.08%)

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

AIZ

Assurant

$99.77

-0.53 (-0.53%)

12:55
12/13/17
12/13
12:55
12/13/17
12:55
Conference/Events
Assurant management to meet with SunTrust »

Meeting to be held 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

  • 13

    Dec

SPX

S&P 500

, SPY

SPDR S&P 500 ETF Trust

$267.23

0.45 (0.17%)

12:48
12/13/17
12/13
12:48
12/13/17
12:48
Periodicals
Breaking Periodicals news story on S&P 500, SPDR S&P 500 ETF Trust »

Corporate AMT not in tax…

SPX

S&P 500

SPY

SPDR S&P 500 ETF Trust

$267.23

0.45 (0.17%)

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

LHCG

LHC Group

$61.60

0.39 (0.64%)

12:47
12/13/17
12/13
12:47
12/13/17
12:47
Conference/Events
LHC Group management to meet with SunTrust »

Meeting to be held 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

  • 13

    Dec

TOSYY

Toshiba, also use TOSBF

$16.21

0.035 (0.22%)

, TOSBF

Toshiba, also use TOSYY

$2.69

0.004 (0.15%)

12:47
12/13/17
12/13
12:47
12/13/17
12:47
Upgrade
Toshiba, also use TOSBF, Toshiba, also use TOSYY rating change  »

Toshiba upgraded to Buy…

TOSYY

Toshiba, also use TOSBF

$16.21

0.035 (0.22%)

TOSBF

Toshiba, also use TOSYY

$2.69

0.004 (0.15%)

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

DEA

Easterly Government Properties

$21.65

-0.025 (-0.12%)

12:45
12/13/17
12/13
12:45
12/13/17
12:45
Conference/Events
Easterly Government Properties management to meet with SunTrust »

Meeting to be held 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

  • 13

    Dec

  • 14

    Dec

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.