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BAC

Bank of America

$32.14

-0.22 (-0.68%)

, GE

General Electric

$14.27

-0.16 (-1.11%)

09:00
03/15/18
03/15
09:00
03/15/18
09:00

Notable open interest changes for March 15th

Wednesday's total option volume of 19.2 million contracts resulted in net open interest growth of 2.28 million calls and 3.12 million puts. Bank of America (BAC), General Electric (GE), Sirius XM (SIRI) and Facebook (FB) saw the greatest growth. Top five new positions opened include 30k Twitter (TWTR) Apr-18 30 puts, 30k Twitter (TWTR) Apr-18 30 calls, 24k Sirius XM (SIRI) Apr-18 7 puts, 24k Sirius XM (SIRI) Apr-18 7 calls and 23k Cliffs Natural (CLF) May-18 6 calls.

BAC

Bank of America

$32.14

-0.22 (-0.68%)

GE

General Electric

$14.27

-0.16 (-1.11%)

SIRI

SiriusXM

$6.48

-0.05 (-0.77%)

FB

Facebook

$184.19

2.31 (1.27%)

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    Mar

  • 11

    Apr

BAC Bank of America
$32.14

-0.22 (-0.68%)

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.
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.
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.
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.
GE General Electric
$14.27

-0.16 (-1.11%)

03/13/18
JPMS
03/13/18
NO CHANGE
Target $11
JPMS
Underweight
General Electric price target lowered to $11 from $14 at JPMorgan
JPMorgan analyst Stephen Tusa cut his price target for General Electric shares to $11 from $14 and keeps an Underweight rating on the name. The stock closed yesterday up 16c to $15.10. With a "grind it out" strategy now in play, and proceeds from the $20B in targeted value going to the balance sheet or pension deficit reduction, GE's "normalized" level of free cash flow looks to be "well below" $1.00, Tusa tells investors in a research note titled "'Breaking The Buck': How $1 Becomes $0.50 and Why the Great Reset Is Not Quite Reset." The analyst believes a "plausible case" of sustainable free cash flow can be made in the 50c range, or just above the standing dividend. His new price target of $11 reflects 50c in sustainable free cash flow as the base case.
03/07/18
DBAB
03/07/18
NO CHANGE
Target $13
DBAB
Sell
Trump's steel and aluminum tariffs bring risk for GE, says Deutsche Bank
Deutsche Bank analyst John Inch says that among the companies he covers, General Electric is among the most at fundamental risk from rapidly rising steel and aluminum prices. GE produces a suite of very large, expensive equipment made significantly of metal that includes steel and aluminum, Inch tells investors in a research note. He believes that rising raw material costs from President Trump's proposed tariffs "pose significant spread headwinds" for GE. This comes at a time of "depressed" global Power generation markets and "considerable GE earnings and cash pressures," Inch tells investors in a research note. The analyst keeps a Sell rating on General Electric with a $13 price target. The stock closed yesterday up 22c to $14.64.
03/05/18
WBLR
03/05/18
NO CHANGE
WBLR
Outperform
William Blair sees GE shares stabilizing, then heading to $20-$22
Following last week's 2017 annual filing release and announcement of three "highly capable" new directors, shares of General Electric should now begin to stabilize, William Blair analyst Nicholas Heymann tells investors in a research note titled "GE Has Not Moved Its Headquarters to Atlantis; While Hurdles Remain, GE Has the Resources to Address Them." The company's year-end financials did not include any new material disclosures likely to adversely affect its future fundamental performance, Heymann argues. The analyst lays out five reasons why GE shares are likely to offer "material upside potential over the near and intermediate time horizon." They include oil prices nearing over three-year highs, the CEO's belief that shareholder and bondholder lawsuits could be resolved without material adverse financial impact, the performance of GE's aviation and healthcare businesses, improving cash generation, and the company being well positioned to "materially reduce" its underfunded pension plan in 2018. Heymann keeps an Outperform rating on GE shares. The company's focus on better than expected free cash flow and accelerated pace of asset sales are likely to enable the shares to return to a "normalized" valuation of 20 times "trough" 2018 adjusted earnings per share of $1.00-$1.07, or a valuation in the $20-$22 per share range. The stock closed Friday at $14.12.
03/09/18
DBAB
03/09/18
NO CHANGE
Target $13
DBAB
Sell
Deutsche sees 'significant downside' to GE book value from Alstom deal
General Electric's shareholders' equity has been "rapidly declining" since 2014, Deutsche Bank analyst John Inch tells investors in a research note. There could be "further significant downside" to GE's book value given the underperformance of Alstom and the likely write-down of previously outsized goodwill and intangibles booked in association with that deal, the analyst argues. Inch estimates GE Industrial shareholders' equity has declined from over $130B since its peak in early 2014 to roughly $64B today, or just $7 per GE share. Excluding GE's interest in Baker Hughes (BHGE), the company's book value declines to just $4.50 per share, Inch writes. He believes "more write-down pain could be forthcoming" since GE Industrial goodwill and intangibles have continued to increase from $66B to $103B over the past four years. Alstom, GE's largest acquisition in its history, has "significantly surprised to the downside" since GE acquired the company in late 2015, Inch contends.
SIRI SiriusXM
$6.48

-0.05 (-0.77%)

03/13/18
RILY
03/13/18
NO CHANGE
Target $62
RILY
Buy
Liberty SiriusXM shares have 44% upside potential, says B. Riley FBR
B. Riley FBR analyst Barton Crockett says that with SiriusXM (SIRI) shares at his $6.75 price target, he sees 44% upside in Liberty SiriusXM (LSXMA). The analyst raised his price target for Liberty SiriusXM to $62 from $56 and keeps a Buy rating on the name. The new price target represents 44% upside.
01/29/18
SBSH
01/29/18
UPGRADE
Target $54
SBSH
Buy
Liberty SiriusXM upgraded to Buy from Neutral at Citi
Citi analyst Jason Bazinet upgraded Liberty SiriusXM to Buy and raised his price target for the shares to $54 from $48. Liberty Sirius, which holds nothing other than Sirius (SIRI) shares, trades at a "wide discount" to net asset value, Bazinet tells investors in a research note. He suspects Liberty management wants to close the 20% net asset value gap. Until the NAV gap is closed, it may be difficult for SiriusXM and Liberty Sirius to "do what's logical," or combine into a single security, the analyst contends. Bazinet believes an acquisition of Pandora Media (P) by Liberty Sirius may narrow the NAV discount.
01/19/18
DBAB
01/19/18
UPGRADE
Target $6.5
DBAB
Buy
SiriusXM upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Bryan Kraft upgraded SiriusXM (SIRI) to Buy and raised his price target for the shares to $6.50 from $5.25. The analyst believes the company is one of the top beneficiaries of tax reform within his coverage universe. He believes, however, that Liberty SiriusXM (LSXMA) is a more favorable vehicle for owning SiriusXM right now. The analyst upgraded that stock to Buy this morning as well.
01/19/18
BUCK
01/19/18
INITIATION
Target $6.5
BUCK
Buy
SiriusXM initiated with a Buy at Buckingham
Buckingham initiated SiriusXM with a Buy and $6.50 price target.
FB Facebook
$184.19

2.31 (1.27%)

03/13/18
MSCO
03/13/18
NO CHANGE
MSCO
Morgan Stanley compares automakers to Facebook, Apple in 'Auto 2.0' model
Morgan Stanley analyst Adam Jonas noted that auto companies' valuations have compressed to extremely low levels, but he believes that a move from a vehicle ownership model to a transportation subscriber model could expand the revenue opportunities for the potential "tollkeepers" for the monetization of content and data by "nearly an order of magnitude." Looking at U.S. technology leaders Facebook (FB) and Apple (AAPL), which are both valued on their installed base/subscriber models, can "offer valuable clues" regarding the opportunity for General Motors (GM) and other auto OEMs, said Jonas. Viewing the OEMs though the lens of a subscription model, which should be less cyclical and potentially less capital intensive over time than the current auto model, is relevant to analyzing auto stocks, according to Jonas, who adds that it is still too early to call a winner or loser in "Auto 2.0." Other publicly traded legacy automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY) and Daimler (DDAIF).
03/13/18
JEFF
03/13/18
NO CHANGE
Target $1850
JEFF
Buy
Jefferies boosts Amazon target to $1,850 after ad business deep dive
Following a deep dive into the company's advertising business, Jefferies analyst Brent Thill raised his price target for Amazon.com (AMZN) shares to $1,850 from $1,750. The stock closed yesterday up $19.50 to $1,589.39. Amazon's ad segment should grow annually at 43% to $22B by 2022, Thill tells investors in a research note. Amazon is aggressively growing its advertising business, but not at the expense of Facebook (FB) and Google (GOOG, GOOGL), the analyst contends. He says Amazon's "billions of touch points with consumers and end of funnel sales conversion are an advertiser's dream for targeting and attribution." Thill thinks the "right pieces are in place" for Amazon to get to $1 trillion in market capitalization over time. He keeps a Buy rating on Amazon shares.
03/06/18
DADA
03/06/18
NO CHANGE
Target $55
DADA
Buy
Market undervalues Applied Optoelectronics deal with Facebook, says DA Davidson
DA Davidson analyst Mark Kelleher writes that his recent meetings with the management of Applied Optoelectronics (AAOI) suggests that investors underappreciate the impact of its $125M deal with Facebook (FB). The analyst notes that the deal gives the company some added visibility for the second half of 2018 and is also a sign that Facebook acknowledges the possibility of a transceiver shortage by the end of the year. Kelleher keeps his Buy rating and $55 price target on Applied Optoelectronics.
02/22/18
DADA
02/22/18
NO CHANGE
Target $55
DADA
Buy
Applied Optoelectronics price target lowered to $55 from $69 at DA Davidson
DA Davidson analyst Mark Kelleher lowered his price target on Applied Optoelectronics (AAOI) to $55 following a miss on Q4 revenue and lower than expected Q1 guidance. The analyst attributes the miss to a sequential decline in gross margins due to reduced capacity utilization and price cuts, while also modeling a weaker 40GB/100GB demand in his price target going forward. Kelleher keeps his Buy rating on Applied Optoelectronics, thanks in part to an incremental positive of its recent supply agreement with Facebook (FB), with the revenue ramp from the contract expected in the second half of this year.

TODAY'S FREE FLY STORIES

TMST

TimkenSteel

$17.13

0.34 (2.03%)

16:47
04/26/18
04/26
16:47
04/26/18
16:47
Hot Stocks
Breaking Hot Stocks news story on TimkenSteel »

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TMST

TimkenSteel

$17.13

0.34 (2.03%)

16:47
04/26/18
04/26
16:47
04/26/18
16:47
Hot Stocks
TimkenSteel sees Q2 EBITDA $30M-$40M »

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  • 27

    Apr

PAC

GAP Airports

$105.45

1.7 (1.64%)

16:47
04/26/18
04/26
16:47
04/26/18
16:47
Earnings
GAP Airports reports Q1 net income up 5.1% from last year »

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FB

Facebook

$174.24

14.55 (9.11%)

, F

Ford

$11.43

0.32 (2.88%)

16:47
04/26/18
04/26
16:47
04/26/18
16:47
General news
On The Fly: Top stock stories for Thursday »

Stocks opened with modest…

FB

Facebook

$174.24

14.55 (9.11%)

F

Ford

$11.43

0.32 (2.88%)

GM

General Motors

$38.25

0.15 (0.39%)

T

AT&T

$33.09

-2.1 (-5.97%)

TWX

Time Warner

$93.68

-2.59 (-2.69%)

CIEN

Ciena

$26.14

-0.485 (-1.82%)

CRK

Comstock Resources

$6.98

2.22 (46.64%)

CMG

Chipotle

$422.51

83.21 (24.52%)

AMD

AMD

$11.04

1.32 (13.58%)

SPB

Spectrum Brands

$75.01

-19.22 (-20.40%)

MGM

MGM Resorts

$32.29

-3.03 (-8.58%)

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    Jun

  • 20

    Jun

TCBK

TriCo Bancshares

$37.81

-0.09 (-0.24%)

16:46
04/26/18
04/26
16:46
04/26/18
16:46
Earnings
TriCo Bancshares reports Q1 EPS ex-items 62c, consensus 62c »

Total loan balances…

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  • 24

    Sep

X

U.S. Steel

$37.65

0.61 (1.65%)

16:46
04/26/18
04/26
16:46
04/26/18
16:46
Hot Stocks
Breaking Hot Stocks news story on U.S. Steel »

U.S. Steel down 6% after…

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  • 27

    Apr

EXPE

Expedia

$106.42

-2 (-1.84%)

16:46
04/26/18
04/26
16:46
04/26/18
16:46
Hot Stocks
Expedia reaffirms FY18 EBITDA growth 6%-11% »

Comments taken from Q1…

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  • 26

    Apr

  • 04

    Jun

BPMX

BioPharmX

$0.21

0.0009 (0.42%)

16:46
04/26/18
04/26
16:46
04/26/18
16:46
Earnings
BioPharmX reports Q4 non-GAAP EPS (3c), consensus (4c) »

Reports Q4 revenue $19K,…

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03/06/13
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TMST

TimkenSteel

$17.13

0.34 (2.03%)

16:46
04/26/18
04/26
16:46
04/26/18
16:46
Earnings
TimkenSteel reports Q1 EPS (4c), consensus 8c »

Reports Q1 revenue…

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  • 27

    Apr

X

U.S. Steel

$37.65

0.61 (1.65%)

16:45
04/26/18
04/26
16:45
04/26/18
16:45
Earnings
U.S. Steel sees Q2 adjusted EBITDA approximately $400M »

Commenting on U. S.…

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  • 27

    Apr

BPRN

Bank of Princeton

$33.87

-0.3 (-0.88%)

16:45
04/26/18
04/26
16:45
04/26/18
16:45
Earnings
Bank of Princeton reports Q1 EPS 52c, consensus 52c »

Reports Q1 loan loss…

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  • 09

    May

FIX

Comfort Systems USA

$41.55

-0.15 (-0.36%)

16:44
04/26/18
04/26
16:44
04/26/18
16:44
Hot Stocks
Comfort Systems USA raises quarterly dividend to 8c from 7.5c per share »

The dividend is payable…

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  • 27

    Apr

IMGN

ImmunoGen

$10.51

0.155 (1.50%)

16:44
04/26/18
04/26
16:44
04/26/18
16:44
Hot Stocks
ImmunoGen says FORWARD I trial will continued as planned »

ImmunoGen announced that…

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  • 04

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    May

X

U.S. Steel

$37.65

0.61 (1.65%)

16:44
04/26/18
04/26
16:44
04/26/18
16:44
Earnings
U.S. Steel reports Q1 EPS 32c, consensus 29c »

Reports Q1 revenue…

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  • 27

    Apr

AMKR

Amkor Technology

$9.12

0.31 (3.52%)

16:43
04/26/18
04/26
16:43
04/26/18
16:43
Earnings
Amkor Technology reports Q1 EPS 4c, consensus 5c »

Reports Q1 revenue…

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  • 26

    Apr

BA

Boeing

$342.75

-0.12 (-0.03%)

16:43
04/26/18
04/26
16:43
04/26/18
16:43
Hot Stocks
Boeing delivers first 787 Dreamliner for Gulf Air »

Boeing and Gulf Air…

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  • 09

    May

  • 30

    May

BOFI

BofI Holding

$42.65

-0.07 (-0.16%)

16:42
04/26/18
04/26
16:42
04/26/18
16:42
Earnings
BofI Holding reports Q3 EPS 80c, consensus 79c »

Total assets reached…

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  • 24

    Sep

MAC

Macerich

$55.74

0.585 (1.06%)

16:42
04/26/18
04/26
16:42
04/26/18
16:42
Hot Stocks
Macerich names Scott Kingsmore as CFO, effective January 1, 2019 »

The company announced…

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  • 03

    May

LEG

Leggett & Platt

$42.75

0.91 (2.18%)

16:41
04/26/18
04/26
16:41
04/26/18
16:41
Earnings
Leggett & Platt lowers 2018 cont-op EPS view to $2.60-$2.80 from $2.65-$2.85 »

Consensus for 2018 EPS is…

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  • 27

    Apr

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    May

VRTX

Vertex

$158.95

3.85 (2.48%)

16:41
04/26/18
04/26
16:41
04/26/18
16:41
Earnings
Vertex backs FY18 product revenue $2.65B-$2.80B, consensus $2.78B »

Backs non-GAAP R&D…

03/08/13
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  • 26

    Apr

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    May

MAC

Macerich

$55.74

0.585 (1.06%)

16:41
04/26/18
04/26
16:41
04/26/18
16:41
Hot Stocks
Macerich announces Thomas O'Hern to succeed Arthur Coppola as CEO »

Macerich announced that…

03/08/13
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  • 03

    May

16:41
04/26/18
04/26
16:41
04/26/18
16:41
General news
Money Supply M2 Weekly Change data reported »

Week of 4/16 Money Supply…

16:40
04/26/18
04/26
16:40
04/26/18
16:40
General news
Fed Balance Sheet Level data reported »

Week of 4/25 Fed Balance…

FBHS

Fortune Brands

$56.64

0.6 (1.07%)

16:40
04/26/18
04/26
16:40
04/26/18
16:40
Earnings
Fortune Brands raises FY18 EPS ex-items view to $3.58-$3.70 from $3.54-$3.66 »

Consensus $3.63. The…

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  • 26

    Apr

VRTX

Vertex

$158.95

3.85 (2.48%)

16:40
04/26/18
04/26
16:40
04/26/18
16:40
Earnings
Vertex reports Q1 adjusted EPS 76c, consensus 62c »

Reports Q1 revenue $638M,…

03/08/13
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03/08/13
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  • 26

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