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LUK

Leucadia

$23.40

1.6275 (7.48%)

, AA

Alcoa

$49.64

1.585 (3.30%)

09:55
04/09/18
04/09
09:55
04/09/18
09:55

Early notable gainers among liquid option names on April 9th

Notable gainers among liquid option names this morning include Leucadia (LUK) $23.49 +1.72, Alcoa (AA) $50.45 +2.42, Applied Materials (AMAT) $53.83 +1.49, Alphabet (GOOG) $1034.82 +28.07, and Alphabet Class A (GOOGL) $1036.01 +26.46.

LUK

Leucadia

$23.40

1.6275 (7.48%)

AA

Alcoa

$49.64

1.585 (3.30%)

AMAT

Applied Materials

$52.34

-1.95 (-3.59%)

GOOG

Alphabet

$1,007.04

-20.77 (-2.02%)

GOOGL

Alphabet Class A

$1,009.95

-22.69 (-2.20%)

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    May

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    May

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    May

  • 04

    Oct

LUK Leucadia
$23.40

1.6275 (7.48%)

AA Alcoa
$49.64

1.585 (3.30%)

01/18/18
JPMS
01/18/18
NO CHANGE
Target $68
JPMS
Overweight
Alcoa price target raised to $68 from $55 at JPMorgan
JPMorgan analyst Michael Gambardella raised his price target for Alcoa to $68 following the company's Q4 results to reflect higher alumina and aluminum prices. The analyst notes, however, that higher raw material costs are acting as a partial offset. Alumina and aluminum prices will be supported by capacity cuts in China and Alcoa has "significant leverage" to these prices given its attractive cost structure, Gambardella tells investors in a post-earnings research note. He also thinks the stock could benefit from Alcoa potentially being added to the S&P 500 in the next few months. The analyst keeps an Overweight rating on the shares.
03/20/18
GSCO
03/20/18
INITIATION
Target $52
GSCO
Neutral
Alcoa initiated with a Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Korn started Alcoa with a Neutral rating and $52 price target while rolling out coverage on the Americas Metals & Mining sector with an Attractive view.
01/18/18
BOFA
01/18/18
NO CHANGE
Target $63
BOFA
Buy
Alcoa price target lowered to $63 from $67 at BofA/Merrill
BofA/Merrill analyst Timna Tanners lowered her price target for Alcoa to $63 from $67 following quarterly results. While the company reported above consensus 2018E EBITDA outlook, cost pressures dampened enthusiasm, the analyst notes. Nonetheless, Tanners reiterates a Buy rating on the shares given her above guidance EBITDA forecasts on a positive view on aluminum, and as she believes cash return to shareholders likely in H2 is a positive catalyst.
04/09/18
MSCO
04/09/18
NO CHANGE
MSCO
Sanctions on Russia, tariffs on China to benefit Alcoa, says Morgan Stanley
U.S. Midwest aluminum premiums climbed to $0.21/lb on Friday, noted Morgan Stanley analyst Piyush Sood, who attributed the move to possible Section 301 tariffs on China and the announcement of sanctions against Russian aluminum producer Rusal. The U.S. aluminum market may tighten quickly, putting upward pressure on U.S. Midwest premiums, according to Sood, who sees Alcoa (AA) being the biggest beneficiary among the aluminum names he covers. Constellium (CSTM) and Kaiser Aluminum (KALU) may face some near-term headwinds as they may struggle to pass through higher aluminum costs, added the analyst.
AMAT Applied Materials
$52.34

-1.95 (-3.59%)

04/04/18
UBSW
04/04/18
INITIATION
Target $58
UBSW
Neutral
Applied Materials initiated with a Neutral at UBS
UBS started Applied Materials with a Neutral rating and $58 price target.
03/15/18
FBNS
03/15/18
INITIATION
Target $300
FBNS
Outperform
Lam Research initiated with an Outperform at FBN Securities
FBN Securities analyst Shebly Seyrafi started Lam Research (LRCX) with an Outperform rating and $300 price target, noting that the DRAM and NAND memory markets are healthy and have recently been growing well due to better pricing and strong bit growth. Lam is one of the few virtual pure plays, besides Applied Materials (AMAT) and Tokyo Electron, on memory capital equipment, Seyrafi said.
02/15/18
STFL
02/15/18
NO CHANGE
Target $71
STFL
Buy
Applied Materials price target raised to $71 from $66 at Stifel
Stifel analyst Patrick Ho noted that Applied Materials' Q1 results topped his and consensus expectations and the company "exuded a very positive tone" on 2018 in its earnings report commentary. Following the earnings call, he has raised his estimates for Applied Materials and increased his price target on the stock to $71. Ho keeps a Buy rating on Applied Materials, which he calls the top stock in his coverage.
03/21/18
BOFA
03/21/18
INITIATION
Target $80
BOFA
Buy
Applied Materials reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Vivek Arya reinstated coverage on Applied Materials with a Buy and $80 price target due to its broad product portfolio, technical capabilities, and strength in service and support. Arya believes Applied Materials is a key beneficiary for growing demand for all chips in a data-driven economy.
GOOG Alphabet
$1,007.04

-20.77 (-2.02%)

03/26/18
MSCO
03/26/18
NO CHANGE
Target $130
MSCO
Overweight
Microsoft has path to $1T market cap, says Morgan Stanley
Morgan Stanley analyst Keith Weiss said Microsoft's (MSFT) Public Cloud offering is differentiated from those of cloud giants Amazon (AMZN) and Google (GOOGL) as it spans from core Infrastructure Services to Platform-as-a-Service capabilities and up the stack to the application layer. This combination of Public Cloud assets paired with Microsoft's large existing customer base, developer base, expansive distribution channel, and strong on-premise technology will likely drive continuing share gains over the next three years, contends Weiss. The analyst, who thinks Microsoft looks poised to maintain a dominant position in a public cloud market, also now forecasts improving gross and operating margins for the company over the next three years. Given all of this, Weiss called Microsoft his top pick, increased his price target on the shares to $130 from $110, and noted that he sees the company having a path to $50B in EBIT and a $1 trillion market cap.
03/22/18
LEHM
03/22/18
NO CHANGE
LEHM
Facebook, Twitter MAUs could drop on European regulation, says Barclays
Barclays analyst Ross Sandler says his recent checks indicate Europe's General Data Protection Regulation could be "slightly more problematic than Facebook (FB) implied in recent commentary." The analyst sees risk that reported monthly active users could drop off for Facebook and Twitter (TWTR) starting in late Q2. He adds, however, that daily active users are "far more important and less of a GDPR concern for the social networks." Daily users may also drop off a bit, Sandler adds. The analyst sees less of impact on ad revenue. Further, his checks suggest that most companies using cookies and tags for digital marketing should be relatively unchanged as most publishers have been using GDPR compliant notifications for months ahead of the May mandate. Beyond GDPR, Sandler thinks ePrivacy regulation, slated for 2020 and beyond, may be even more problematic for the social media group, and "accrue more control" to Google (GOOG, GOOGL) and Apple (AAPL).
03/26/18
03/26/18
DOWNGRADE

Market Perform
Adobe downgraded to Market Perform after run-up at JMP Securities
As previously reported, JMP Securities analyst Patrick Walravens downgraded Adobe Systems (ADBE) to Market Perform from Outperform as he believes the shares are fairly valued after having risen 69% in 2017 and a further 21% year-to-date. On the plus side, he notes that Adobe's Creative Cloud continues with "near-monopoly competitive power", its international business is growing and its CEO said on the Q1 earnings call that he expects the "momentum to continue." However, Walravens also expresses caution that the strategic partnership between Google (GOOGL) and Salesforce (CRM) could negatively impact the competitive position for Adobe's Experience Cloud.
04/05/18
KEYB
04/05/18
NO CHANGE
KEYB
Sector Weight
Automation the next 'cloud wars' battle, says KeyBanc
KeyBanc analyst Brent Bracelin says the AWS Summit SF exposed an even greater focus by Amazon (AMZN) Web Services on cloud automation. The analyst believes the "cloud wars" in 2018 appear to be moving from a battle of "features" seen in the last two years toward a new battle of "automation." Bracelin sees Automation as having three major benefits for AWS: it can drive material cost savings, it saves developers time, and it serves as a competitive differentiator versus Microsoft Azure (MSFT) and Google Cloud (GOOG; GOOGL). Bracelin reiterates a Sector Weight rating on Amazon's shares.
GOOGL Alphabet Class A
$1,009.95

-22.69 (-2.20%)

03/27/18
LOOP
03/27/18
NO CHANGE
Target $1700
LOOP
Buy
Amazon digital ad spending to benefit from Facebook scandal, says Loop Capital
Loop Capital analyst Anthony Chukumba says the recent issues involving Facebook (FB) and Google's (GOOGL) YouTube in customer data protection are positive for Amazon.com (AMZN). The analyst says he "always expected" for Amazon to become a force in digital advertising based on its "extensive user data, technological expertise, and deep pockets", pointing to data management scandal at those firms as a potential catalyst for migration to Amazon. Chukumba keeps his Buy rating and $1,700 price target.
04/02/18
DADA
04/02/18
NO CHANGE
Target $33
DADA
Buy
Etsy price target raised to $33 from $28 at DA Davidson
DA Davidson analyst Tom Forte raised his price target on Etsy (ETSY) to $33, keeping his positive view of the company's business model as a blend of "eBay's (EBAY) high-margin marketplace, Google's (GOOGL) high-margin advertising business, PayPal's (PYPL) payments effort, and, loosely speaking, Amazon's (AMZN) shipping offering". Forte adds that his meetings with the management last week was even more impressive as it demonstrated how the company's operations are being fine-tuned. The analyst keeps his Buy rating on Etsy.

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SBNY

Signature Bank

$135.08

-1.99 (-1.45%)

05:52
04/19/18
04/19
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05:52
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SCCO

Southern Copper

$57.33

0.745 (1.32%)

05:50
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FOXA

21st Century Fox

$37.32

-0.22 (-0.59%)

, DIS

Disney

$101.21

-1 (-0.98%)

05:49
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04/19
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05:49
Hot Stocks
21st Century Fox rejected rival bid of $34.41 per share for assets »

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FOXA

21st Century Fox

$37.32

-0.22 (-0.59%)

DIS

Disney

$101.21

-1 (-0.98%)

CMCSA

Comcast

$33.28

0.02 (0.06%)

03/08/13
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NTRS

Northern Trust

$106.38

-0.04 (-0.04%)

05:47
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Hot Stocks
Northern Trust enters partnership with The Northern Pool »

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NVS

Novartis

$81.72

-0.09 (-0.11%)

, AMGN

Amgen

$175.14

0.19 (0.11%)

05:36
04/19/18
04/19
05:36
04/19/18
05:36
Hot Stocks
Novartis appoints John Tsai as Chief Medical Officer, Head of GDD »

Novartis (NVS) announced…

NVS

Novartis

$81.72

-0.09 (-0.11%)

AMGN

Amgen

$175.14

0.19 (0.11%)

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AMZN

Amazon.com

$1,527.24

23.92 (1.59%)

05:36
04/19/18
04/19
05:36
04/19/18
05:36
Recommendations
Amazon.com analyst commentary  »

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  • 26

    Apr

NVS

Novartis

$81.72

-0.09 (-0.11%)

05:34
04/19/18
04/19
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05:34
Earnings
Novartis confirms FY18 revenue guidance of growth of low to mid single-digit »

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NVS

Novartis

$81.72

-0.09 (-0.11%)

05:34
04/19/18
04/19
05:34
04/19/18
05:34
Hot Stocks
Novartis reports Q1 Alcon sales of $1.8B »

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RDN

Radian Group

$15.36

-0.91 (-5.59%)

05:30
04/19/18
04/19
05:30
04/19/18
05:30
Recommendations
Radian Group analyst commentary  »

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  • 26

    Apr

NVS

Novartis

$81.72

-0.09 (-0.11%)

05:29
04/19/18
04/19
05:29
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05:29
Hot Stocks
Novartis Q1 results continue to demonstrate benefit from turnaround plan actions »

Novartis noted, Q1…

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MTG

MGIC Investment

$10.50

-0.275 (-2.55%)

05:29
04/19/18
04/19
05:29
04/19/18
05:29
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MGIC Investment rating change  »

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ESNT

Essent Group

$34.83

-2.045 (-5.55%)

, MTG

MGIC Investment

$10.50

-0.275 (-2.55%)

05:28
04/19/18
04/19
05:28
04/19/18
05:28
Downgrade
Essent Group, MGIC Investment, Radian Group rating change  »

Essent Group downgraded…

ESNT

Essent Group

$34.83

-2.045 (-5.55%)

MTG

MGIC Investment

$10.50

-0.275 (-2.55%)

RDN

Radian Group

$15.36

-0.91 (-5.59%)

03/08/13
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  • 26

    Apr

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NVS

Novartis

$81.72

-0.09 (-0.11%)

05:27
04/19/18
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05:27
Hot Stocks
Novartis reports Q1 Sandoz net sales of $2.5B »

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NVS

Novartis

$81.72

-0.09 (-0.11%)

05:25
04/19/18
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05:25
Earnings
Novartis reports Q1 core EPS $1.28, consensus $1.29 »

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PG

Procter & Gamble

$78.19

-0.23 (-0.29%)

, TEVA

Teva

$17.91

0.065 (0.36%)

05:23
04/19/18
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05:23
Hot Stocks
Procter & Gamble acquires Consumer Health business of Merck KGaA for EUR 3.4B »

Procter & Gamble (PG)…

PG

Procter & Gamble

$78.19

-0.23 (-0.29%)

TEVA

Teva

$17.91

0.065 (0.36%)

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GOL

GOL Linhas

$13.51

0.72 (5.63%)

05:22
04/19/18
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04/19/18
05:22
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PG

Procter & Gamble

$78.19

-0.23 (-0.29%)

05:22
04/19/18
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05:22
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05:22
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Breaking Hot Stocks news story on Procter & Gamble »

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LN

Line Corp.

$38.30

0.09 (0.24%)

05:20
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05:20
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Line Corp. rating change  »

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AAPL

Apple

$177.84

-0.41 (-0.23%)

05:16
04/19/18
04/19
05:16
04/19/18
05:16
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Apple analyst commentary  »

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  • 01

    May

SNBR

Sleep Number

$36.58

-0.35 (-0.95%)

05:13
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05:13
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05:13
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NOV

National Oilwell

$38.32

0.73 (1.94%)

05:12
04/19/18
04/19
05:12
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05:12
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PTEN

Patterson-UTI

$20.61

0.41 (2.03%)

05:12
04/19/18
04/19
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05:12
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  • 26

    Apr

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ACET

Aceto

$7.40

0.04 (0.54%)

05:12
04/19/18
04/19
05:12
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05:12
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Aceto rating change  »

Aceto downgraded to Sell…

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HSBC

HSBC

$48.58

-0.275 (-0.56%)

05:11
04/19/18
04/19
05:11
04/19/18
05:11
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HSBC rating change  »

HSBC upgraded to Neutral…

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LBTYA

Liberty Global

$32.08

0.54 (1.71%)

05:10
04/19/18
04/19
05:10
04/19/18
05:10
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Liberty Global rating change  »

Liberty Global upgraded…

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  • 09

    May

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