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GE

General Electric

$14.90

0.23 (1.57%)

, BAC

Bank of America

$32.00

0.82 (2.63%)

08:55
02/15/18
02/15
08:55
02/15/18
08:55

Notable open interest changes for February 15th

Wednesday's total option volume of 25.4 million contracts resulted in net open interest growth of 3.16 million calls and 2.97 million puts. General Electric (GE), Bank of America (BAC), Cisco (CSCO) and Apple (AAPL) saw the greatest growth. Top five new positions opened include 35k General Electric (GE) Mar-18 15 calls, 31k General Electric (GE) Mar-18 15 puts, 25k Alibaba (BABA) Mar-18 105 puts, 24k Bank of America (BAC) Feb-18 31.5 puts and 17k Apple (AAPL) Mar-18 155 puts.

GE

General Electric

$14.90

0.23 (1.57%)

BAC

Bank of America

$32.00

0.82 (2.63%)

CSCO

Cisco

$42.09

0.86 (2.09%)

AAPL

Apple

$167.37

3.03 (1.84%)

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GE General Electric
$14.90

0.23 (1.57%)

02/08/18
DBAB
02/08/18
NO CHANGE
Target $13
DBAB
Sell
Deutsche Bank cuts General Electric price target of $13 from $15
Deutsche Bank analyst John Inch cut his price target for General Electric shares to $13 from $15 after introducing a 2020 earnings per share estimate of 90c, which represents a year-over-year decline of 16%. The stock closed yesterday down 2c to $15.25. The analyst's model assumes GE divests its IS, Rail, Lighting and Baker Hughes businesses by 2020. The 90c estimate could prove too high if the SEC investigation required GE to reduce contract asset earnings, Aviation/Healthcare were to incur operational hiccups and/or if GE were to make additional divestitures, Inch tells investors in a research note. His sum-of-the-parts analysis yields a $12 per share value for General Electric. The analyst keeps a Sell rating on the shares.
02/15/18
LEHM
02/15/18
INITIATION
Target $16
LEHM
Equal Weight
General Electric initiated with an Equal Weight at Barclays
Barclays analyst Julian Mitchell started General Electric with an Equal Weight rating and $16 price target. The analyst initiated 24 Multi-Industry companies with a Neutral sector view.
02/12/18
JPMS
02/12/18
NO CHANGE
Target $14
JPMS
Underweight
JPMorgan cuts GE price target to $14, sees potential downside to $10-$11
JPMorgan analyst C. Stephen Tusa lowered his price target for shares of General Electric to $14 from $16 while maintaining an Underweight rating on the name. The stock closed Friday up 47c to $14.94. The company's fundamentals remain "challenged/mixed," and are showing "few signs of a snap back," Tusa tells investors in a research note. GE's portfolio is still low growth, with weak free cash flow and too much leverage, raising a question around whether an equity raise is possible, Tusa writes. The analyst does not think the company needs to raise capital as of yet, but adds "it would certainly help to de-risk from any capital markets volatility, and provide an accelerated pathway to greater optionality." Tusa argues that the value that is left over for equity holders is below where the stock currently trades. His sum-of-the-parts value for GE is $13, with downside to $10-$11 per share "depending on the outcome of certain liabilities that are tough to call but have historically been money bad."
02/13/18
BMOC
02/13/18
NO CHANGE
Target $35
BMOC
Market Perform
Genpact price target raised to $35 from $32 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on Genpact (G) to $35, saying the company's revenue growth trajectory is improving thanks to the "strong demand environment, solid execution, and lower revenue mix impact from General Electric (GE)". The analyst contends that revenue growth rates can accelerate further if Global Clients can grow 10% per year and GE stabilizes. Bachman keeps his Market Perform rating on Genpact, noting that the stock price gains are limited because operating and free cash flow margins will not improve "meaningfully".
BAC Bank of America
$32.00

0.82 (2.63%)

01/18/18
BMOC
01/18/18
NO CHANGE
Target $34
BMOC
Market Perform
Bank of America price target raised to $34 from $31 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Bank of America to $34 despite its "expense-driven" miss on Q4 earnings. Fotheringham says he remains bullish on banks based on the "indirect benefits of tax reform", while keeping his Market Perform rating on Bank of America given its two-year forward PE valuation trading around long-term historical average.
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.
01/31/18
DBAB
01/31/18
NO CHANGE
Target $15
DBAB
Sell
GE likely to be dropped from Dow 30 index, says Deutsche Bank
General Electric (GE) is likely to be dropped from the Dow Jones Industrial Average after being in the index of 30 companies for over 110 years as an original member since 1896, Deutsche Bank analyst John Inch tells investors in a research note. The chances that GE could be removed from the Dow are increasing as the company continues to face "substantial challenges," the analyst writes. These include "earnings and cash pressure, tough global power generation markets, aggressive downsizing, shrinking its portfolio, management shake-up and SEC investigations," Inch argues. He sees "headline risk" as the most significant risk factor if GE were to be dropped from the Dow, "potentially amplified by GE's high mix of retail investors." Inch notes that the last major Dow shakeup occurred in September 2003, when American Airlines (AAL), Bank of America (BAC) and Hewlett Packard (HPQ) were removed and Goldman Sachs (GS), Nike (NKE) and Verizon (VZ) were added. Inch has a Sell rating on General Electric with a $15 price target. The shares closed yesterday down 33c to $15.95.
01/18/18
RBCM
01/18/18
NO CHANGE
Target $35
RBCM
Outperform
Bank of America price target raised to $35 from $30 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target on Bank of America to $35, citing a "strong all around performance" in Q4 along with the bank's commitment to keeping a low expense and growing top line profile. Cassidy says the bank remains "rate sensitive" and expects some $3.3B in net interest income from a 100bps move in short term rates. The analyst also keeps his Outperform rating on Bank of America, pointing to a positive impact from a stronger U.S. economy on its businesses, along with the return of excess capital, supporting a higher stock price view.
CSCO Cisco
$42.09

0.86 (2.09%)

02/15/18
COWN
02/15/18
NO CHANGE
Target $51
COWN
Outperform
Cisco price target raised to $51 from $42 at Cowen
Cowen analyst Paul Silverstein raised his price target on Cisco to $51 from $42 as the Q2 results reinforced his investment thesis. He said the return to growth has arrived and was broad-based. Silverstein, who also called the company's stock buyback and increased dividend impressive, reiterated his Outperform rating on Cisco shares.
02/15/18
JEFF
02/15/18
NO CHANGE
Target $48
JEFF
Buy
Cisco shares should continue to re-rate higher, says Jefferies
Jefferies analyst George Notter believes shares of Cisco Systems should continue to re-rate higher, "even from here." Last night's results, guidance, and the narrative around the business were "excellent," Notter tells investors in a pos-earnings research note. He raised his price target for the shares to $48 from $40 and continues to like the risk/reward at current levels. The analyst keeps a Buy rating on Cisco.
02/15/18
RBCM
02/15/18
NO CHANGE
Target $50
RBCM
Outperform
Cisco price target raised to $50 from $44 at RBC Capital
RBC Capital analyst Mitch Steves raised his price target on Cisco to $50 after a Q2 beat on earnings and gross margins along with much higher than expected outlook for Q3 revenue growth. Steves believes the stock has more room to run, particularly given that Q3 should have the most difficult comparisons for growth in switching. The analyst also believes that the increase in stock buyback and dividend will attract more defensively-minded investors, keeping his Outperform rating.
02/15/18
KEYB
02/15/18
NO CHANGE
Target $49
KEYB
Overweight
Cisco price target raised to $49 from $43 at KeyBanc
KeyBanc analyst Alex Kurtz raised his price target for Cisco to $49 from $43 as the company appears to be executing against its goal of transitioning to a recurring software model, and as he sees a path to $3 in FY19 earnings power. The analyst reiterates an Overweight rating on the shares.
AAPL Apple
$167.37

3.03 (1.84%)

02/12/18
WELS
02/12/18
NO CHANGE
Target $195
WELS
Market Perform
Apple iPhone X was highest selling model, says Wells Fargo
Wells Fargo analyst Aaron Rakers notes that IDC has published its detailed estimates for smartphone shipments for the December quarter. The analyst thinks it is important to point out that, like Apple, IDC reports shipments on a sell-in less basis, with iPhone X shipments in the December quarter at 26.9M, which accounts for 35% of total shipments in Q4. Despite less than a full quarter of availability, iPhone X was the highest selling model in the September and December quarters, accounting for 22% of total shipments, he adds. Rakers reiterates a Market Perform rating and $195 price target on the shares.
02/15/18
KEYB
02/15/18
NO CHANGE
KEYB
Apple iPhone inventories continue to pile up, says KeyBanc
KeyBanc analyst John Vinh says that despite generous promotions at carriers, he observed a significant spike in Apple (AAPL) iPhone days of inventory, and feedback indicates price point as the main reason why sales of the iPhone X has disappointed. Given elevated store inventory levels, Vinh sees limited near-term demand catalysts for Apple supply chain stocks. However, he views Apple initiatives to reduce cost as positive for Synaptics' (SYNA) CoF opportunity and would recommend investors continue to own the stock, as well as additional content plays moving forward, including Broadcom (AVGO) and Skyworks (SWKS).
02/15/18
MSCO
02/15/18
NO CHANGE
Target $203
MSCO
Overweight
iPhone X share gains accelerated in China in January, says Morgan Stanley
Morgan Stanley analyst Katy Huberty noted that Apple's 12% iPhone shipment growth in China last quarter was the company's second largest sequential share gain in China. According to smartphone data aggregating firm Jiguang, iPhone's overall active smartphone user share downticked in China in early January from recent highs, though iPhone X share gains accelerated in China during the month, Huberty tells investors. While acknowledging that iPhone is not seeing the "supercycle" she previously expected, Huberty still sees 4% total iPhone unit growth to 226M units estimated in FY18 and believes accelerating adoption of the highest end iPhone in China, the world's largest smartphone market, can drive active smartphone market share gains, she said. Huberty has an Overweight rating and $203 price target on Apple shares.
02/13/18
02/13/18
NO CHANGE

AT&T the first carrier to offer BOGO deal for iPhone X, says Wells Fargo
Wells Fargo analyst Jennifer Fritzsche noted that AT&T (T) is the first cell phone carrier to offer a Buy One Get One Free, or BOGO, promotion on the Apple (AAPL) iPhone X, and highlighted that the deal has no requirement regarding new customers or trading in old devices. She said it is unclear if any other carrier will match the deal, although she noted that Verizon (VZ) and T-Mobile (TMUS) had attractive deals, although no true BOGO deal. Fritzsche also mentioned that AT&T has the "largest embedded base of iPhone users to protect," as it had iPhone exclusivity until 2011. Fritzsche has an Outperform rating and $48 price target on AT&T shares.

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NOVT

Novanta

$83.83

-0.1 (-0.12%)

14:41
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Novanta management to meet with William Blair »

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AXL

American Axle

$14.66

0.305 (2.13%)

14:35
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American Axle put volume heavy and directionally bearish »

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BUD

AB InBev

$83.96

1.92 (2.34%)

, MO

Altria Group

$57.06

-0.245 (-0.43%)

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AB InBev

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FB

Facebook

$162.92

2.46 (1.53%)

, AMZN

Amazon.com

$1,780.97

38.97 (2.24%)

14:23
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Instagram impinges on Amazon, others with new shopping functionality, WSJ says »

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Facebook

$162.92

2.46 (1.53%)

AMZN

Amazon.com

$1,780.97

38.97 (2.24%)

SHOP

Shopify

$201.68

-4.17 (-2.03%)

WMT

Walmart

$99.96

0.29 (0.29%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.22

0.76 (0.27%)

14:22
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S&P 500

$0.00

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SPDR S&P 500 ETF Trust

$283.22

0.76 (0.27%)

GOOG

Alphabet

$1,194.43

10.77 (0.91%)

GOOGL

Alphabet Class A

$1,198.48

10.39 (0.87%)

FB

Facebook

$162.98

2.52 (1.57%)

TWTR

Twitter

$31.36

0.265 (0.85%)

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TSG

The Stars Group

$17.01

0.05 (0.29%)

14:20
03/19/19
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Call buyers opening in Stars Group as shares tick higher »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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NYSE market internals summary »

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PRMW

Primo Water

$15.20

-0.19 (-1.23%)

14:13
03/19/19
03/19
14:13
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Conference/Events
Primo Water management to meet with William Blair »

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ALSN

Allison Transmission

$46.46

0.065 (0.14%)

14:13
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Conference/Events
Allison Transmission management to meet with William Blair »

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ECL

Ecolab

$175.11

-0.03 (-0.02%)

14:12
03/19/19
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14:12
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Conference/Events
Ecolab management to meet with William Blair »

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TLGT

Teligent

$1.23

-0.065 (-5.04%)

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Teligent reports FDA approval of fluocinonide topical solution USP, 0.05% »

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IMMU

Immunomedics

$18.70

-0.19 (-1.01%)

14:05
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Immunomedics call volume above normal and directionally bullish »

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GOOG

Alphabet

$1,191.63

7.97 (0.67%)

, GOOGL

Alphabet Class A

$1,195.50

7.41 (0.62%)

14:03
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Google says Stadia to launch in 2019 »

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$1,191.63

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Alphabet Class A

$1,195.50

7.41 (0.62%)

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GOOG

Alphabet

$1,191.82

8.16 (0.69%)

, GOOGL

Alphabet Class A

$1,195.34

7.25 (0.61%)

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Google's Jade Raymond says games studio working with external developers »

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$1,191.82

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Alphabet Class A

$1,195.34

7.25 (0.61%)

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MO

Altria Group

$57.23

-0.08 (-0.14%)

, BTI

British American Tobacco

$42.18

0.51 (1.22%)

14:01
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Periodicals
San Francisco officials seeking crackdown on JUUL, San Francisco Chronicle says »

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MO

Altria Group

$57.23

-0.08 (-0.14%)

BTI

British American Tobacco

$42.18

0.51 (1.22%)

PM

Philip Morris

$90.85

0.13 (0.14%)

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GOOG

Alphabet

$1,192.54

8.88 (0.75%)

, GOOGL

Alphabet Class A

$1,196.52

8.43 (0.71%)

13:56
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13:56
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Google unveils Stadia games studio for exclusive titles »

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Alphabet

$1,192.54

8.88 (0.75%)

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Alphabet Class A

$1,196.52

8.43 (0.71%)

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13:55
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Conference/Events
The Brookings Institution to hold a discussion with former FDA Commissioner »

The Hutchins Center on…

GOOG

Alphabet

$1,192.85

9.19 (0.78%)

, GOOGL

Alphabet Class A

$1,196.66

8.57 (0.72%)

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Google's Stadia to include feature letting players play with YouTube creators »

At Google's Keynote…

GOOG

Alphabet

$1,192.85

9.19 (0.78%)

GOOGL

Alphabet Class A

$1,196.66

8.57 (0.72%)

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TFX

Teleflex

$303.69

2.67 (0.89%)

13:51
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Conference/Events
Teleflex management to meet with William Blair »

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F

Ford

$8.73

0.155 (1.81%)

13:50
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Size put buy in Ford as shares rally »

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GSK

GlaxoSmithKline

$40.49

-0.01 (-0.02%)

13:48
03/19/19
03/19
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13:48
Hot Stocks
GSK says dostarlimab demonstrates clinically meaningful, durable response rates »

TESARO, an…

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GOOG

Alphabet

$1,190.60

6.94 (0.59%)

, GOOGL

Alphabet Class A

$1,193.82

5.73 (0.48%)

13:46
03/19/19
03/19
13:46
03/19/19
13:46
Hot Stocks
Google offering machine learning tools to indie developers called Style Transfer »

Indie developer Tequila…

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Alphabet

$1,190.60

6.94 (0.59%)

GOOGL

Alphabet Class A

$1,193.82

5.73 (0.48%)

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  • 29

    Apr

  • 27

    Oct

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