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C

Citi

$74.82

1.55 (2.12%)

08:29
02/07/18
02/07
08:29
02/07/18
08:29

Court dismisses $2.2B claim against Citi by Parmalat, Bloomberg reports

A Milan court has dismissed a civil claim by Italy's Parmalat seeking EUR1.8B, or $2.2B, in compensation from Citi over the food company's collapse in 2003, Bloomberg reports, citing Citi and a copy of the ruling. The court said the claim by Parmalat, which plans to appeal the ruling, was a duplication of a case dismissed in New Jersey in 2008 and should not be allowed to proceed in Italy. Reference Link

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C Citi
$74.82

1.55 (2.12%)

02/02/18
MSCO
02/02/18
NO CHANGE
MSCO
BofA, JPMorgan, Citi best positioned for tougher CCAR test, says Morgan Stanley
Morgan Stanley analyst Betsy Graseck said she had expected an easier stress test from the Federal Reserve but that the 2018 CCAR test actually seems tougher than last year, given the more intense recessions and lower asset prices modeled in it. A tougher test makes her less optimistic on her strong payout growth expectations, said Graseck, who sees Bank of America (BAC), JPMorgan (JPM) and Citi (C) as best positioned to "weather the storm" and increase payouts given their resilient balance sheets and significant excess capital. She sees Goldman Sachs (GS), which recently cut buybacks, as at risk from a tougher test, which likely weighs on the bank's 2018 ask, Graseck added.
01/17/18
01/17/18
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. Apple (AAPL) downgraded to Neutral from Buy at Longbow with analyst Shawn Harrison saying the current iPhone cycle is "good, not great." 2. Dish (DISH) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Benjamin Swinburne saying he now sees fewer likely buyers of its assets than hoped. 3. Juniper (JNPR) downgraded to Underweight from Equal Weight at Barclays with analyst Mark Moskowitz citing a lack of service provider rebound in 2018 as well as a rising threat from Arista in routing. 4. Citi (C) was downgraded to Hold from Buy at Vertical Group and to Market Perform from Outperform at Keefe Bruyette. 5. Shell Midstream (SHLX) downgraded to Hold from Buy at Stifel with the firm citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/17/18
VERF
01/17/18
DOWNGRADE
VERF
Hold
Citi downgraded to Hold from Buy at Vertical Group
01/17/18
RBCM
01/17/18
NO CHANGE
Target $85
RBCM
Outperform
Citi price target raised to $85 from $79 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target on Citi to $85 and kept his Outperform rating following Q4 earnings. Cassidy says that non-cash charges from tax reform masked the quarter's performance, with underlying trends for Citi remaining strong. The analyst adds that CitiGroup importantly reiterated the $60B capital return goal through CCAR despite the regulatory capital hit from the tax legislation.

TODAY'S FREE FLY STORIES

MSG

Madison Square Garden

$231.97

2.41 (1.05%)

17:19
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02/23
17:19
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17:19
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Silver Lake reports 4.9% stake in Madison Square Garden, may seek talks »

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MKL

Markel

$1,121.90

14.9 (1.35%)

17:12
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Syndicate
Breaking Syndicate news story on Markel »

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BEDU

Bright Scholar

$20.15

0.34 (1.72%)

17:08
02/23/18
02/23
17:08
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17:08
Syndicate
Bright Scholar files to sell 10M American Depositary Shares »

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AGN

Allergan

$162.09

2.69 (1.69%)

, MYL

Mylan

$41.45

0.17 (0.41%)

17:04
02/23/18
02/23
17:04
02/23/18
17:04
Periodicals
PTAB denies Allergan's bid to dismiss restasis patent challenge, Bloomberg says »

Allergan's (AGN)…

AGN

Allergan

$162.09

2.69 (1.69%)

MYL

Mylan

$41.45

0.17 (0.41%)

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SCHW

Charles Schwab

$52.74

0.71 (1.36%)

17:03
02/23/18
02/23
17:03
02/23/18
17:03
Hot Stocks
Charles Schwab appoints Joseph Martinetto as COO of the firm »

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KHC

Kraft Heinz

$69.02

1.38 (2.04%)

, BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

17:02
02/23/18
02/23
17:02
02/23/18
17:02
Hot Stocks
Kraft Heinz announces retirement of Warren Buffett from Board of Directors »

The Kraft Heinz Company…

KHC

Kraft Heinz

$69.02

1.38 (2.04%)

BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

BRK.B

Berkshire Hathaway

$202.76

2.03 (1.01%)

BUD

AB InBev

$107.25

1.91 (1.81%)

QSR

Restaurant Brands

$59.46

1.02 (1.75%)

03/08/13
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SWX

Southwest Gas

$69.17

1.65 (2.44%)

17:02
02/23/18
02/23
17:02
02/23/18
17:02
Hot Stocks
Southwest Gas increases quarterly common stock dividend »

The board for Southwest…

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  • 01

    Mar

MS

Morgan Stanley

$56.07

1.21 (2.21%)

, AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

16:56
02/23/18
02/23
16:56
02/23/18
16:56
Hot Stocks
Breaking Hot Stocks news story on Morgan Stanley, Applied Optoelectronics »

Morgan Stanley reports…

MS

Morgan Stanley

$56.07

1.21 (2.21%)

AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

03/08/13
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HSBC

HSBC

$51.23

0.19 (0.37%)

16:49
02/23/18
02/23
16:49
02/23/18
16:49
Syndicate
Breaking Syndicate news story on HSBC »

HSBC files automatic…

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  • 01

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X

U.S. Steel

$43.52

0.54 (1.26%)

, AKS

AK Steel

$5.50

-0.12 (-2.14%)

16:48
02/23/18
02/23
16:48
02/23/18
16:48
Periodicals
Breaking Periodicals news story on U.S. Steel, AK Steel »

Trump said to want 24%…

X

U.S. Steel

$43.52

0.54 (1.26%)

AKS

AK Steel

$5.50

-0.12 (-2.14%)

03/08/13
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PPL

PPL Corp.

$30.34

0.82 (2.78%)

16:36
02/23/18
02/23
16:36
02/23/18
16:36
Syndicate
PPL Corp. files to sell $1B of common stock »

J.P. Morgan Securities,…

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L

Loews

$50.34

0.74 (1.49%)

16:33
02/23/18
02/23
16:33
02/23/18
16:33
Syndicate
Breaking Syndicate news story on Loews »

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  • 30

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GBL

GAMCO Investors

$27.26

1.56 (6.07%)

, CHE

Chemed

$261.22

5.59 (2.19%)

16:31
02/23/18
02/23
16:31
02/23/18
16:31
Hot Stocks
Breaking Hot Stocks news story on GAMCO Investors, Chemed »

Gabelli reports 4.28%…

GBL

GAMCO Investors

$27.26

1.56 (6.07%)

CHE

Chemed

$261.22

5.59 (2.19%)

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16:30
02/23/18
02/23
16:30
02/23/18
16:30
Options
Preliminary option volume of 19.2M today »

Preliminary option volume…

CTO

Consolidated Tomoka

$62.60

0.73 (1.18%)

16:24
02/23/18
02/23
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16:24
Hot Stocks
Consolidated Tomoka acquires net lease property in Aspen, CO for $26.5M »

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  • 23

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HPE

HP Enterprise

$18.14

1.73 (10.54%)

, HPQ

HP Inc.

$22.13

0.74 (3.46%)

16:21
02/23/18
02/23
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General news
On The Fly: Top stock stories for Friday »

Stocks opened in positive…

HPE

HP Enterprise

$18.14

1.73 (10.54%)

HPQ

HP Inc.

$22.13

0.74 (3.46%)

BUFF

Blue Buffalo Pet Products

$40.00

5.88 (17.23%)

GIS

General Mills

$52.98

-1.97 (-3.59%)

JWN

Nordstrom

$53.56

3.29 (6.54%)

MOMO

Momo

$35.75

5.22 (17.10%)

TTD

Trade Desk

$59.94

11.54 (23.84%)

KMPH

KemPharm

$6.00

0.738 (14.03%)

GOGO

Gogo

$8.88

-0.25 (-2.74%)

AAL

American Airlines

$53.39

0.41 (0.77%)

OLED

Universal Display

$130.40

-24.5 (-15.82%)

FSLR

First Solar

$61.79

-4.49 (-6.77%)

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VIX

Volatility Index S&P 500 Options

16:20
02/23/18
02/23
16:20
02/23/18
16:20
Options
Closing CBOE SPX and VIX Index summary for February 23rd »

The CBOE Volatility Index…

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SEMG

SemGroup

$25.50

1.5 (6.25%)

, VLO

Valero

$92.46

0.41 (0.45%)

16:18
02/23/18
02/23
16:18
02/23/18
16:18
Hot Stocks
SemGroup to sell SemLogistics business unit to Valero »

SemGroup (SEMG) announced…

SEMG

SemGroup

$25.50

1.5 (6.25%)

VLO

Valero

$92.46

0.41 (0.45%)

03/08/13
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  • 26

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$NSD

NASDAQ Market Internals

16:17
02/23/18
02/23
16:17
02/23/18
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

16:16
02/23/18
02/23
16:16
02/23/18
16:16
Technical Analysis
NYSE market internals summary »

Volume was average for…

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WEN

Wendy's

16:11
02/23/18
02/23
16:11
02/23/18
16:11
Hot Stocks
Breaking Hot Stocks news story on Wendy's »

Eminence Capital reports…

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  • 07

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IRIX

IRIDEX

$7.41

0.21 (2.92%)

16:09
02/23/18
02/23
16:09
02/23/18
16:09
Earnings
Breaking Earnings news story on IRIDEX »

IRIDEX sees FY17 revenue…

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  • 08

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IRIX

IRIDEX

$7.41

0.21 (2.92%)

16:09
02/23/18
02/23
16:09
02/23/18
16:09
Earnings
Breaking Earnings news story on IRIDEX »

IRIDEX sees Q4 revenue…

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  • 08

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HTZ

Hertz

$20.65

0.085 (0.41%)

, SYMC

Symantec

$27.43

0.45 (1.67%)

16:07
02/23/18
02/23
16:07
02/23/18
16:07
Hot Stocks
Corporate pressure on NRA builds as more companies cut ties »

The National Rifle…

HTZ

Hertz

$20.65

0.085 (0.41%)

SYMC

Symantec

$27.43

0.45 (1.67%)

MET

MetLife

$47.41

0.78 (1.67%)

CB

Chubb

$143.76

0.69 (0.48%)

AOBC

American Outdoor Brands

$10.00

-0.12 (-1.19%)

RGR

Sturm, Ruger

$49.80

0.8 (1.63%)

VSTO

Vista Outdoor

$18.19

-0.23 (-1.25%)

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NNA

Navios Acquisition

$0.74

-0.0135 (-1.79%)

16:06
02/23/18
02/23
16:06
02/23/18
16:06
Hot Stocks
Navios Acquisition receives continue listing standards notice from NYSE »

Navios Acquisition…

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