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C

Citi

$69.67

-0.55 (-0.78%)

10:00
04/06/18
04/06
10:00
04/06/18
10:00

Vote of confidence in Citi ahead of earnings

Vote of confidence in Citi ahead of earnings. The stock off 47c to $69.75 and Apr 67 puts are sold at 66 to 71c per contract. 10.4K trade total against 1.5K open interest and the put writing opens positions struck 3.9% below spot. Citi and a number of other large banks will kick off the reporting season one week from today.

  • 13

    Apr

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    Apr

  • 30

    May

C Citi
$69.67

-0.55 (-0.78%)

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.
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.
04/05/18
UBSW
04/05/18
UPGRADE
Target $80
UBSW
Buy
Citi upgraded to Buy from Neutral at UBS
UBS analyst Raul Martinez upgraded Citi to Buy and raised his price target for the shares to $80 from $78. The risk/reward profile of owning the shares now skews positive, Martinez tells investors in a research note. He believes profitability in Citi's Global Consumer Banking "should grind higher" from current levels, while its capital optimization opportunities "remain considerable." The analyst is also encouraged by better loan growth and earnings momentum at Citibanamex. Martinez notes that Citi shares trade at a discount to all the banks he covers.
04/05/18
04/05/18
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. Merck (MRK) upgraded to Overweight from Equal Weight at Barclays with analyst Geoffrey Meacham saying he believes the company will continue to take share in first-line lung cancer, driven by positive KN-189 and KN-042 data. 2. Acuity Brands (AYI) upgraded to Outperform from Market Perform at JMP Securities with analyst Joseph Osha saying he believes the stock is finally trading at a "reasonable valuation based on reasonable expectations." 3. AMD (AMD) upgraded to Buy from Hold at Stifel with analyst Kevin Cassidy citing valuation and the company's margin expansion potential. 4. Tiffany (TIF) upgraded to Buy from Hold at Loop Capital with analyst Laura Champine saying her initial meeting with the company's new CEO Alessandro Bogliogo added to her confidence. 5. Citi (C) and Wells Fargo (WFC) were upgraded to Buy from Neutral at UBS. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

EXAS

Exact Sciences

$65.20

0.43 (0.66%)

11:07
11/21/18
11/21
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11:07
Periodicals
Analyst thinks Jana could pressure Exact Sciences to pursue sale, The Deal says »

Activist investor Jana…

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11:05
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General news
Euro$ interest rate futures were checked lower »

Euro$ interest rate…

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General news
FX Action: USD-CAD »

FX Action: USD-CAD ticked…

DE

Deere

$143.73

5.24 (3.78%)

11:00
11/21/18
11/21
11:00
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11:00
Hot Stocks
Breaking Hot Stocks news story on Deere »

Deere says November…

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ALT

Altimmune

$3.21

0.2 (6.64%)

10:58
11/21/18
11/21
10:58
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10:58
Hot Stocks
Altimmune granted European patent for influenza antigen delivery vectors »

A post to the European…

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NYMX

Nymox

$1.81

0.07 (4.02%)

10:58
11/21/18
11/21
10:58
11/21/18
10:58
Hot Stocks
Nymox director James George Robinson buys 9K shares of company stock »

Nymox director James…

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QEP

QEP Resources

$8.81

-0.3 (-3.29%)

10:55
11/21/18
11/21
10:55
11/21/18
10:55
Options
QEP Resources put volume heavy and directionally bearish »

Bearish flow noted in QEP…

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GLW

Corning

$31.21

0.37 (1.20%)

, T

AT&T

$29.82

0.41 (1.39%)

10:55
11/21/18
11/21
10:55
11/21/18
10:55
Conference/Events
UBS optical/networking equip analyst to hold analyst/industry conference call »

Optical & Networking…

GLW

Corning

$31.21

0.37 (1.20%)

T

AT&T

$29.82

0.41 (1.39%)

VZ

Verizon

$59.30

-0.16 (-0.27%)

03/08/13
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GPS

Gap

$25.60

0.95 (3.85%)

10:46
11/21/18
11/21
10:46
11/21/18
10:46
OnTheFly
Gap rises amid potential store closures as namesake brand sales continue slide »

Shares of Gap (GPS) are…

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  • 03

    Mar

10:45
11/21/18
11/21
10:45
11/21/18
10:45
General news
Breaking General news story  »

6-Month Bill Announcement…

10:45
11/21/18
11/21
10:45
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10:45
General news
Breaking General news story  »

3-Month Bill Announcement…

KSS

Kohl's

$65.28

0.83 (1.29%)

10:40
11/21/18
11/21
10:40
11/21/18
10:40
Options
Bullish call spread in Kohls after recent weakness in shares »

Bullish call spread in…

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10:40
11/21/18
11/21
10:40
11/21/18
10:40
General news
The U.S. 1.4% October existing home sales rise »

The U.S. 1.4% October…

10:40
11/21/18
11/21
10:40
11/21/18
10:40
General news
Energy Action: NYMEX crude »

Energy Action: NYMEX…

DE

Deere

$145.63

7.14 (5.16%)

10:37
11/21/18
11/21
10:37
11/21/18
10:37
Hot Stocks
Breaking Hot Stocks news story on Deere »

Deere raises 2022…

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DE

Deere

$144.30

5.81 (4.20%)

10:32
11/21/18
11/21
10:32
11/21/18
10:32
Hot Stocks
Breaking Hot Stocks news story on Deere »

Deere sees grain demand…

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  • 21

    Nov

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10:31
11/21/18
11/21
10:31
11/21/18
10:31
General news
Crude inventories for week of November 16 »

Crude oil inventories…

JNJ

Johnson & Johnson

$143.12

-3.32 (-2.27%)

10:30
11/21/18
11/21
10:30
11/21/18
10:30
Options
J&J puts active as shares see relative weakness »

J&J puts active as…

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  • 12

    Dec

10:30
11/21/18
11/21
10:30
11/21/18
10:30
General news
FX Action: The dollar »

FX Action: The dollar…

DE

Deere

$143.26

4.77 (3.44%)

10:29
11/21/18
11/21
10:29
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10:29
Hot Stocks
Deere says U.S. farmers, dealers 'cautiously optimistic' »

Says record yields,…

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  • 21

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AVGO

Broadcom

$229.32

1.63 (0.72%)

, VLKAY

Volkswagen

$0.00

(0.00%)

10:28
11/21/18
11/21
10:28
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10:28
Periodicals
Breaking Periodicals news story on Broadcom, Volkswagen »

Broadcom said to settle…

AVGO

Broadcom

$229.32

1.63 (0.72%)

VLKAY

Volkswagen

$0.00

(0.00%)

03/08/13
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  • 06

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AMZN

Amazon.com

$1,520.59

24.99 (1.67%)

10:27
11/21/18
11/21
10:27
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10:27
Periodicals
Amazon contacting some users about error that exposed emails, The Verge says »

Amazon has been emailing…

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10:25
11/21/18
11/21
10:25
11/21/18
10:25
General news
U.S. leading index rose 0.1% to 112.1 in October, another record high »

U.S. leading index rose…

TLC

Taiwan Liposome

$0.00

(0.00%)

10:21
11/21/18
11/21
10:21
11/21/18
10:21
Syndicate
Taiwan Liposome opens at $6.06, IPO priced at $5.80 per share »

Taiwan Liposome (TLC)…

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  • 21

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NVDA

Nvidia

$150.33

1.19 (0.80%)

10:20
11/21/18
11/21
10:20
11/21/18
10:20
Technical Analysis
Technical Take: Nvidia goes negative on the day »

At time of writing the…

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