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NXPI

NXP Semiconductors

$114.17

-1.71 (-1.48%)

, MGM

MGM Resorts

$34.93

1.25 (3.71%)

08:55
04/13/18
04/13
08:55
04/13/18
08:55

Notable open interest changes for April 13th

Thursday's total option volume of 17.1 million contracts resulted in net open interest growth of 2.33 million calls and 1.99 million puts. NXP Semiconductors (NXPI), MGM Resorts (MGM), JPMorgan (JPM) and Micron (MU) saw the greatest growth. Top five new positions opened include 18k Bed Bath & Beyond (BBBY) Apr-18 18 calls, 16k Bank of America (BAC) Apr-18 31 calls, 15k NVIDIA (NVDA) May-18 235 puts, 15k NVIDIA (NVDA) May-18 235 calls and 15k Micron (MU) May-18 45 puts.

NXPI

NXP Semiconductors

$114.17

-1.71 (-1.48%)

MGM

MGM Resorts

$34.93

1.25 (3.71%)

JPM

JPMorgan

$113.37

2.75 (2.49%)

MU

Micron

$52.59

2.11 (4.18%)

  • 13

    Apr

  • 26

    Apr

  • 15

    May

  • 21

    May

  • 30

    May

  • 13

    Jul

  • 12

    Oct

NXPI NXP Semiconductors
$114.17

-1.71 (-1.48%)

04/12/18
SBSH
04/12/18
INITIATION
Target $58
SBSH
Neutral
Qualcomm resumed with a Neutral at Citi
Citi analyst Christopher Danely resumed coverage of Qualcomm (QCOM) with a Neutral rating and $58 price target. The analyst believes the proposed acquisition of NXP Semiconductors (NXPI) could eventually drive earnings accretion of roughly 44% or $1.52, but he does not have confidence in the $500M in synergies. Danely expects a host of integration difficulties given differences in manufacturing, customer base, and NXP's merger with Freescale.
04/12/18
SBSH
04/12/18
INITIATION
Target $127.5
SBSH
Neutral
NXP Semiconductors resumed with a Neutral at Citi
Citi analyst Christopher Danely resumed coverage of NXP Semiconductors (NXPI) with a Neutral rating and $127.50 price target. The analyst expects Qualcomm (QCOM) to close the acquisition of NXP at the current proposed price of $127.50 per share. He believes, however, that there is "some potential for the deal to break due to approval from China given the trade war." If the deal falls apart, Danely expects NXP shares to trade to $90.
03/19/18
MSCO
03/19/18
INITIATION
Target $127.5
MSCO
Equal Weight
NXP Semiconductors reinitiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Craig Hettenbach resumed coverage on NXP Semiconductors (NXPI) with an Equal Weight and $127.50 price target.
03/15/18
DBAB
03/15/18
INITIATION
Target $60
DBAB
Hold
Qualcomm resumed with a Hold at Deutsche Bank
Deutsche Bank analyst Ross Seymore resumed coverage of Qualcomm (QCOM) with a Hold rating and $60 price target. The analyst expects the shares to remain range-bound given the slowing pace of smartphone growth, potential for share loss in QCT, and ongoing litigation pressuring the QTL business. He sees these partially offset by accretion from the acquisition of NXP Semiconductors (NXPI).
MGM MGM Resorts
$34.93

1.25 (3.71%)

01/18/18
JEFF
01/18/18
INITIATION
Target $43
JEFF
Buy
MGM Resorts initiated with a Buy at Jefferies
Jefferies analyst David Katz started MGM Resorts (MGM) with a Buy rating and $43 price target. The analyst says the Cotai opening in the near term and positive capital deployment trump concerns over challenging Las Vegas comparisons. Katz initiated 11 Gaming names after today's close, naming Wynn Resorts (WYNN), Eldorado Resorts (ERI) and Penn National (PENN) his top picks.
03/08/18
STFL
03/08/18
NO CHANGE
STFL
Stifel returns from Macau trip with 'much more positive' view for 2018
Stifel analyst Steven Wieczynski said that after meeting with property managements and industry contacts in Macau recently he came back with a "much more positive/constructive view for 2018" than he was previously forecasting. It was clear that operators were "thrilled" with how the Chinese New Year holiday played out and demand post-CNY had continued to be strong, especially on the VIP side, Wieczynski tells investors. He maintains his Buy rating on Las Vegas Sands (LVS) and Hold ratings on MGM Resorts (MGM) and Wynn Resorts (WYNN). Melco Resorts (MLCO) is another publicly traded company in the Macau gaming space.
03/15/18
MSCO
03/15/18
NO CHANGE
MSCO
Las Vegas Sands, Wynn Resorts targets raised at Morgan Stanley after Macau trip
After visiting Macau last week, Morgan Stanley analyst Thomas Allen raised his 2018/2019 EBITDA forecast for Las Vegas Sands by 1%, citing strong visitation growth over Chinese New Year, less MGM (MGM) Cotai cannibalization, and less renovation disruption at Cotai Central, all of which make him lower his projection for Las Vegas' market share decline to only 0.4% in loss versus his prior view of a 1% share loss. While it appears the new MGM Cotai has attracted a lot of visitors since opening, Allen believes a mixture of service issues and low hold will impact near-term results. For Wynn Resorts (WYNN), Allen raised his 2018/2019 EBITDA view by 4%/2% to reflect stronger results in both Macau and Vegas. Allen increased his price target on Las Vegas Sands shares to $82 from $81, upped his Wynn target to $194 from $193 and keeps a $40 price target on MGM Resorts.
04/03/18
BOFA
04/03/18
NO CHANGE
BOFA
BofA/Merrill's Top 10 US Ideas for Q2 2018
BofA/Merrill introduced its Top 10 Ideas for Q2 2018. They are Buy rated Abbott (ABT), ADP (ADP),Coca-Cola European Partners (CCE), Discovery (DISCA), Dover (DOV), Lowe's (LOW), MGM Resorts (MGM), and Qualcomm (QCOM), and Underperform rated Ralph Lauren (RL) and BlackBerry (BB).
JPM JPMorgan
$113.37

2.75 (2.49%)

04/11/18
HSBC
04/11/18
INITIATION
Target $111
HSBC
Hold
JPMorgan initiated with a Hold at HSBC
HSBC analyst Alevizos Alevizakos started JPMorgan with a Hold rating and $111 price target. The analyst sees minimal share upside from current valuation levels.
04/02/18
KEYB
04/02/18
NO CHANGE
KEYB
Efforts to strengthen in-store healthcare offering positive for Walmart, says KeyBanc
KeyBanc analyst Edward Yruma notes that the push to provide consumer-driven and lower-cost healthcare continues its push into retail as The Wall Street Journal reports that Walmart (WMT) is in discussions to acquire or develop a closer partnership Humana (HUM). This is on the heels of Amazon's (AMZN) recent JV with Berkshire Hathaway (BRK.A; BRK.B) and JPMorgan (JPM) to provide healthcare for employees, he adds. The analyst views any efforts to strengthen the in-store healthcare offering as a positive for Walmart's stock.
03/22/18
EDJN
03/22/18
UPGRADE
EDJN
Buy
JPMorgan upgraded earlier to Buy from Hold at Edward Jones
04/11/18
04/11/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL), Apple (AAPL), and Facebook (FB) were initiated with a Buy at Monness Crespi. 2. Caterpillar (CAT) initiated with a Buy at Buckingham. 3. JPMorgan (JPM) initiated with a Hold at HSBC. 4. eBay (EBAY) assumed with an Overweight at KeyBanc. 5. Ericsson (ERIC) initiated with a Hold at Berenberg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
MU Micron
$52.59

2.11 (4.18%)

04/05/18
04/05/18
NO CHANGE

UBS starts Semiconductors coverage, says sell Micron, Texas Instruments
UBS analyst Timothy Arcuri started coverage on the U.S. Semiconductors and Semi Equipment sector, expressing the view that consolidation and a slowdown in Moore's Law should actually lead to pricing power and inflationary effects that are still in the early innings. However, he also believes semis are still cyclical and sees some signs of caution moving into later 2018 and 2019. Arcuri, who is cautious on the memory cycle in the near-term, started Micron (MU) with a Sell rating and $35 price target, citing those cyclical memory concerns. He also has one other Sell rating among his 14 recommendations, on Texas Instruments (TXN), citing its fading leverage, a more level playing field for capital return and his cyclical concerns. Among the 14 stocks he initiated, Arcuri has 4 Buy ratings - Intel (INTC), given his above consensus call for datacenter group growth and what he sees as a mispricing of long-term growth potential; Marvell (MRVL) and Broadcom (AVGO), which he views as transformation stories; and KLA-Tencor (KLAC), on its migration to industrial tech and exposure to AI-related compute growth.
04/06/18
NOMU
04/06/18
NO CHANGE
Target $100
NOMU
Buy
Nomura keeps $100 target on Micron after positive management meetings
After spending two days meeting investors with Micron Technology's new CFO David Zinsner and Head of Investor Relations Shanye Hudson, Nomura Instinet analyst Romit Shah maintains a Buy rating on the shares with a $100 price target. The stock closed yesterday down $3.55 to $49.84 after UBS initiated the shares with a Sell rating. Shah says he left the meetings with "several positive takeaways." The analyst does not anticipate a "massive step-up" in capital expenditures next fiscal year. Further, management did not seem concerned that NAND selling price declines in the February period would persist, Shah tells investors in a research note. He adds that Micron continues to expect DRAM suppliers to be rational about capacity expansion in an effort to sustain high margins and cash flow.
04/10/18
MZHO
04/10/18
NO CHANGE
Target $70
MZHO
Buy
Micron pullback a buying opportunity ahead of stronger second half, says Mizuho
Mizuho analyst Vijay Rakesh said he remains a buyer of Micron (MU), and Western Digital (WDC) as well, amid their pullbacks as he believes DRAM supply will be measured with stable to higher DRAM pricing in the second half of the year. While Samsung's (SSNLF) DRAM capacity additions have raised concerns, he believes that given its challenges in OLED Samsung's focus will be on maintaining DRAM-NAND profitability. Rakesh maintains a Buy rating and $70 price target on Micron shares.
04/04/18
UBSW
04/04/18
INITIATION
Target $35
UBSW
Sell
Micron initiated with a Sell at UBS
UBS analyst Timothy Arcuri started Micron Technology with a Sell rating and $35 price target.

TODAY'S FREE FLY STORIES

NUE

Nucor

$65.65

1.045 (1.62%)

09:04
07/19/18
07/19
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09:04
Hot Stocks
Nucor says improved earnings due to 'much stronger market conditions' »

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CAR

Avis Budget

$32.32

0.34 (1.06%)

, AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

09:04
07/19/18
07/19
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09:04
Hot Stocks
Avis Budget Group introduces benefits for Amazon customers »

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CAR

Avis Budget

$32.32

0.34 (1.06%)

AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

03/08/13
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UAL

United Continental

$79.02

6.355 (8.75%)

09:03
07/19/18
07/19
09:03
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09:03
Upgrade
United Continental rating change  »

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ETM

Entercom

$8.03

-0.05 (-0.62%)

, BBGI

Beasley Broadcast

$10.50

0.1 (0.96%)

09:03
07/19/18
07/19
09:03
07/19/18
09:03
Hot Stocks
Entercom to acquire WBEB-FM 101.1 MORE FM, divest WXTU-FM 92.5 FM »

Entercom Communications…

ETM

Entercom

$8.03

-0.05 (-0.62%)

BBGI

Beasley Broadcast

$10.50

0.1 (0.96%)

03/08/13
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AJG

Arthur J. Gallagher

$70.48

0.79 (1.13%)

09:02
07/19/18
07/19
09:02
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09:02
Hot Stocks
Arthur J. Gallagher acquires Winnipeg-based Belton Boisselle »

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  • 26

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SBUX

Starbucks

$51.15

-0.12 (-0.23%)

09:02
07/19/18
07/19
09:02
07/19/18
09:02
Hot Stocks
Starbucks to open first U.S. Signing Store in Washington, D.C. »

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  • 26

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NUE

Nucor

$65.65

1.045 (1.62%)

09:01
07/19/18
07/19
09:01
07/19/18
09:01
Earnings
Nucor says Q3 earnings expected 'to further improve' vs. Q2, consensus $2.15 »

"Earnings in the…

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  • 19

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09:01
07/19/18
07/19
09:01
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09:01
Conference/Events
The Federal Energy Regulatory Commission to hold a meeting »

The Federal Energy…

NUE

Nucor

$65.65

1.045 (1.62%)

09:00
07/19/18
07/19
09:00
07/19/18
09:00
Earnings
Nucor reports Q2 EPS $2.13, consensus $2.09 »

Reports Q2 revenue $6.5B,…

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  • 19

    Jul

CMCSA

Comcast

$34.03

-0.23 (-0.67%)

, FOXA

21st Century Fox

$46.69

0.22 (0.47%)

08:57
07/19/18
07/19
08:57
07/19/18
08:57
Hot Stocks
Fly Intel: Pre-market Movers »

HIGHER: Comcast (CMCSA),…

CMCSA

Comcast

$34.03

-0.23 (-0.67%)

FOXA

21st Century Fox

$46.69

0.22 (0.47%)

DIS

Disney

$110.71

0.41 (0.37%)

IBM

IBM

$144.44

0.98 (0.68%)

AXP

American Express

$102.98

1.84 (1.82%)

DHR

Danaher

$98.80

-0.78 (-0.78%)

PM

Philip Morris

$82.16

-0.17 (-0.21%)

SON

Sonoco

$53.02

0.02 (0.04%)

EBAY

eBay

$37.95

0.13 (0.34%)

DPZ

Domino's Pizza

$283.74

1.74 (0.62%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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NVS

Novartis

$80.89

2.17 (2.76%)

08:57
07/19/18
07/19
08:57
07/19/18
08:57
Upgrade
Novartis rating change  »

Novartis upgraded to…

03/08/13
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NDLS

Noodles & Company

$11.80

-0.35 (-2.88%)

08:56
07/19/18
07/19
08:56
07/19/18
08:56
Recommendations
Noodles & Company analyst commentary  »

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LH

LabCorp

$185.91

1.13 (0.61%)

08:56
07/19/18
07/19
08:56
07/19/18
08:56
Periodicals
LabCorp dealing with broad cyberattack, WSJ reports »

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AIRYY

Air China

$0.00

(0.00%)

08:56
07/19/18
07/19
08:56
07/19/18
08:56
Upgrade
Air China rating change  »

Air China upgraded to…

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GGP

GGP

$20.43

-0.27 (-1.30%)

, NFLX

Netflix

$375.16

-4.34 (-1.14%)

08:55
07/19/18
07/19
08:55
07/19/18
08:55
Options
Notable open interest changes for July 19th »

Wednesday's total…

GGP

GGP

$20.43

-0.27 (-1.30%)

NFLX

Netflix

$375.16

-4.34 (-1.14%)

JD

JD.com

$37.52

-0.46 (-1.21%)

GE

General Electric

$13.75

0.05 (0.36%)

03/08/13
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  • 20

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TRCO

Tribune Media

$34.09

0.79 (2.37%)

, SBGI

Sinclair Broadcast

$27.35

-0.65 (-2.32%)

08:54
07/19/18
07/19
08:54
07/19/18
08:54
Downgrade
Tribune Media, Sinclair Broadcast rating change  »

Tribune Media downgraded…

TRCO

Tribune Media

$34.09

0.79 (2.37%)

SBGI

Sinclair Broadcast

$27.35

-0.65 (-2.32%)

03/08/13
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CVRS

Corindus

$1.00

-0.04 (-3.85%)

08:53
07/19/18
07/19
08:53
07/19/18
08:53
Hot Stocks
Corindus announces remote PCI over 100 miles using CorPath GRX System »

Corindus announced that…

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PLYM

Plymouth Industrial REIT

$16.26

(0.00%)

08:52
07/19/18
07/19
08:52
07/19/18
08:52
Syndicate
Plymouth Industrial REIT 1.102M share Spot Secondary priced at $15.60 »

DA Davidson acted as lead…

03/08/13
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  • 19

    Jul

08:50
07/19/18
07/19
08:50
07/19/18
08:50
General news
FX Action: The dollar »

FX Action: The dollar…

08:50
07/19/18
07/19
08:50
07/19/18
08:50
General news
The 8k initial claims drop to a new 48-year low of 207k »

The 8k initial claims…

SPWH

Sportsman's Warehouse

$5.23

-0.16 (-2.97%)

08:48
07/19/18
07/19
08:48
07/19/18
08:48
Syndicate
Sportsman's Warehouse 2.82M share Block Trade priced at $4.93 »

DA Davidson acted as sole…

03/08/13
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  • 19

    Jul

AA

Alcoa

$47.90

-0.105 (-0.22%)

08:48
07/19/18
07/19
08:48
07/19/18
08:48
Recommendations
Alcoa analyst commentary  »

Alcoa price target…

03/08/13
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03/06/13
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EBAY

eBay

$37.95

0.13 (0.34%)

08:47
07/19/18
07/19
08:47
07/19/18
08:47
Recommendations
eBay analyst commentary  »

eBay modestly reduced…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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OIH

Oil Services Holders Trust

$25.80

-0.075 (-0.29%)

08:45
07/19/18
07/19
08:45
07/19/18
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

03/08/13
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08:45
07/19/18
07/19
08:45
07/19/18
08:45
General news
U.S. Philly Fed manufacturing index bounced 5.8 points to 25.7 in July »

U.S. Philly Fed…

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