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M

Macy's

$28.96

-0.11 (-0.38%)

11:35
04/12/18
04/12
11:35
04/12/18
11:35

Macy's put volume heavy and directionally bearish

Bearish flow noted in Macy's with 7,258 puts trading, or 3x expected. Most active are 5/11 weekly 28.5 puts and May-18 29 puts, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 2.01, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 16th.

M Macy's
$28.96

-0.11 (-0.38%)

03/01/18
BMOC
03/01/18
NO CHANGE
Target $42
BMOC
Outperform
Macy's price target raised to $42 from $38 at BMO Capital
BMO Capital analyst Wayne Hood raised his price target on Macy's to $42 and kept his Outperform rating after the company's Q4 results came in "broadly better" than expected. Hood adds that Macy's management commentary gives his added confidence in "credible strategic initiatives" producing results and driving more sustainable positive comps. The analyst states that Macy's is "one of our top picks within our value bucket".
03/01/18
03/01/18
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. Wendy's (WEN) upgraded to Neutral from Sell at UBS by analyst Dennis Geiger, who has greater confidence in the company's free cash flow targets and same-store-sales momentum following his firm's survey of quick service restaurants consumers. The survey showed improved brand perceptions for Wendy's, Geiger said. 2. Kellogg (K) upgraded to Overweight from Neutral at Piper Jaffray by analyst Michael Lavery, who believes the valuation is attractive given his expectations for 8%-9% three-year earnings growth. A cash build should allow for earnings "flexibility and/or upside with upside to our buybacks assumptions," Lavery said. He believes expectations for Kellogg look achievable and maybe beatable. The analyst is more bullish on the shares following a meeting with management. 3. Carrizo Oil & Gas (CRZO) upgraded to Buy from Hold at Jefferies by analyst Mark Lear, who sees value in the shares following the recent underperformance. The company's Eagle Ford wells are tracking ahead of the updated type curve while the oil macro backdrop coming out of the Q4 earnings season is improving, Lear said. He believes the worst is behind Carrizo. 4. Eaton (ETN) upgraded to Neutral from Underweight at JPMorgan by analyst Ann Duignan, who said the risk/reward is balanced ahead of the company's analyst day. 5. Macy's (M) upgraded to Buy from Hold at Gordon Haskett by analyst Chuck Grom, who sees a pathway for improved comps over the next couple of years. This, coupled with the 27% reduction in float over the past decade, "yields a model with tremendous torque" and the potential for earnings upside, Grom tells investors in a research note. The analyst, who states he fully appreciates the long-term secular argument against the department store vertical, likes Macy's risk/reward profile at current share levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/02/18
DADA
03/02/18
NO CHANGE
Target $23
DADA
Buy
CommerceHub price target lowered to $23 from $27 at DA Davidson
DA Davidson analyst Tom Forte lowers his price target on CommerceHub (CHUBA) to $23 after a Q4 miss on earnings, revenue, and adjusted EBITDA. Longer term, Forte keeps his Buy rating on the company, citing some progress in terms of EBITDA margins approaching its 60% target and the addition of Macy's (M) to its customer base.
03/12/18
FBCO
03/12/18
INITIATION
Target $54
FBCO
Neutral
Macy's initiated with a Neutral at Credit Suisse
Credit Suisse initiated Macy's with a Neutral and $54 price target.

TODAY'S FREE FLY STORIES

GPS

Gap

$28.28

-1.275 (-4.31%)

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PM

Philip Morris

$84.12

-1.53 (-1.79%)

14:33
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Conference/Events
Philip Morris management to meet with UBS »

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ALXN

Alexion

$105.99

-5.75 (-5.15%)

14:30
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  • 26

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General news
Action Economics Survey results »

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UCBI

United Community Banks

$32.40

0.27 (0.84%)

14:29
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Breaking Syndicate news story on United Community Banks »

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HRTX

Heron Therapeutics

$30.40

0.6 (2.01%)

14:24
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  • 25

    Apr

TGI

Triumph Group

$26.05

-0.2 (-0.76%)

14:20
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Options
Put buying in Triumph Group »

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$NSD

NASDAQ Market Internals

14:17
04/20/18
04/20
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

14:16
04/20/18
04/20
14:16
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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TWTR

Twitter

$31.93

0.39 (1.24%)

14:14
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14:14
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14:14
Periodicals
Twitter bans ads from Kaspersky Lab, Reuters reports »

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GE

General Electric

$14.73

0.74 (5.29%)

, WAB

Wabtec

$88.35

4.61 (5.51%)

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Periodicals
GE explores merging transport unit with Wabtec, Reuters says »

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GE

General Electric

$14.73

0.74 (5.29%)

WAB

Wabtec

$88.35

4.61 (5.51%)

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  • 20

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KMB

Kimberly-Clark

$99.75

-3.59 (-3.47%)

14:05
04/20/18
04/20
14:05
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14:05
Technical Analysis
Technical Earnings Preview: Kimberly-Clark near 5-year lows ahead of earnings »

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  • 23

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DVMT

Dell Technologies

$73.08

-0.81 (-1.10%)

14:05
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04/20
14:05
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14:05
Options
Dell Technologies call volume above normal and directionally bullish »

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  • 26

    Apr

WEN

Wendy's

$17.23

-0.165 (-0.95%)

14:02
04/20/18
04/20
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14:02
Hot Stocks
Wendy's announces 2020 goal of opening over 600 new restaurants globally »

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  • 24

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  • 09

    May

  • 30

    May

14:00
04/20/18
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14:00
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14:00
General news
Fed Governor Brainard did not break from the gradualist mantra »

Fed Governor Brainard did…

LITE

Lumentum

$59.70

-0.25 (-0.42%)

13:55
04/20/18
04/20
13:55
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13:55
Options
Lumentum put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 02

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ALXN

Alexion

$104.44

-7.3 (-6.53%)

13:46
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Alexion drops after Brazil AG says Soliris patent made public »

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  • 26

    Apr

AKRX

Akorn

$19.61

0.24 (1.24%)

13:45
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Akorn call volume above normal and directionally bullish »

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FX Action: USD-JPY »

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TGT

Target

$70.52

-0.45 (-0.63%)

13:35
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Options
Target put volume heavy and directionally bearish »

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  • 20

    Apr

IWM

iShares Trust Russell 2000 Index Fund

$155.75

-0.65 (-0.42%)

, RUT

Russell 2000 Index

13:35
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04/20
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Technical Analysis
On The Fly: Weekly technical notes for Russell 2000 »

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iShares Trust Russell 2000 Index Fund

$155.75

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XLP

Consumer Staples Sector SPDR

$50.43

-0.915 (-1.78%)

, XLRE

Real Estate SPDR

$30.25

-0.25 (-0.82%)

13:33
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Technical Analysis
On The Fly: Weekly technical notes for S&P 500 »

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XLP

Consumer Staples Sector SPDR

$50.43

-0.915 (-1.78%)

XLRE

Real Estate SPDR

$30.25

-0.25 (-0.82%)

XLK

Technology Select Sector SPDR

$66.26

-0.89 (-1.33%)

XLE

Energy Select Sector SPDR

$73.29

-0.37 (-0.50%)

XLB

S&P Select Materials SPDR

$58.95

-0.41 (-0.69%)

XLF

Financial Select Sector

$27.94

0.065 (0.23%)

SPY

SPDR S&P 500 ETF Trust

$266.75

-2.09 (-0.78%)

SPX

S&P 500

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SGMS

Scientific Games

$50.25

0.5 (1.01%)

13:25
04/20/18
04/20
13:25
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13:25
Options
Scientific Games call volume above normal and directionally bullish »

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  • 29

    May

ALXN

Alexion

$110.26

-1.48 (-1.32%)

13:21
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04/20
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13:21
Periodicals
Brazil can produce generic Soliris after breaking Alexion patent, Bloomberg says »

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  • 26

    Apr

WAB

Wabtec

$82.74

-1 (-1.19%)

, GE

General Electric

$14.46

0.47 (3.36%)

13:18
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13:18
Hot Stocks
Wabtec rises after report of talks for GE rail business deal »

Shares of Wabtec (WAB)…

WAB

Wabtec

$82.74

-1 (-1.19%)

GE

General Electric

$14.46

0.47 (3.36%)

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