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GE

General Electric

$14.98

-0.05 (-0.33%)

, WAB

Wabtec

$95.23

1.1 (1.17%)

16:19
05/20/18
05/20
16:19
05/20/18
16:19

GE nearing deal to merge transportation unit with Wabtec, Reuters says

General Electric (GE) is nearing a deal to merge its transportation business with Wabtec (WAB), according to Reuters, citing two people familiar with the matter. A deal could be announced as early as this week, sources said. Reference Link

GE

General Electric

$14.98

-0.05 (-0.33%)

WAB

Wabtec

$95.23

1.1 (1.17%)

  • 20

    May

  • 12

    Jun

GE General Electric
$14.98

-0.05 (-0.33%)

05/04/18
JPMS
05/04/18
NO CHANGE
Target $11
JPMS
Underweight
GE really sold Industrial Solutions for $1.9B, not $2.6B, says JPMorgan
JPMorgan analyst Stephen Tusa says new disclosures in General Electric's quarterly filing show that the net proceeds from the Industrial Solutions sale will be $1.9B, not the headline $2.6B. This is partly because of taxes but also because of the company's disclose that "cash to be received by GE Capital for receivables originated in our Industrial Solutions business and sold to them," Tusa tells investors in a research note titled "GE Industrial Solutions: A Window Into Asset Sales and How $2.6 B Becomes $1.9 B, and Arguably Close to Zero." Further, he notes that the majority of pension liabilities are staying with GE. This is "another bite out of the proceeds," Tusa writes. He believes assets sales such as this are "unattractive for the shareholder, and should be viewed as such by ratings agencies, which remain seemingly and surprisingly patient and accommodating." The analyst keeps an Underweight rating on General Electric with an $11 price target.
05/10/18
JPMS
05/10/18
NO CHANGE
Target $11
JPMS
Underweight
Spread between GE's adjusted, GAAP results widest on record, says JPMorgan
The difference between General Electric's "adjusted" earnings per share, which is being used by consensus and retail investors to value the stock today, and GAAP is the "widest we have on record," JPMorgan analyst Stephen Tusa tells investors in a research note. The difference is around 50%, higher than ever seen during prior CEO Jeff Immelt's tenure, with "still worst-in-class" consensus free cash flow conversion, Tusa writes in a note titled "Quality vs. Quantity: When Will GEs EPS Recouple and Align with Peers? And Other Notable Items." The analyst keeps an Underweight rating on General Electric with an $11 price target.
05/14/18
GABE
05/14/18
INITIATION
GABE
Buy
General Electric initiated with a Buy at Gabelli
Gabelli analyst Justin Bergner initiated coverage on General Electric with a Buy and $22.50 price target. Bergner believes General Electric has the right leadership in place, with high quality assets in Aviation and Healthcare, that provide a margin of safety, and a path to de-leverage which does not require a fire sale of assets.
05/14/18
05/14/18
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. General Electric (GE) initiated with a Buy at Gabelli. 2. Western Digital (WDC) initiated with an Overweight at JPMorgan. 3. GrafTech (EAF) initiated with an Overweight at JPMorgan and an Outperform at RBC Capital. 4. Surface Oncology (SURF) initiated with an Outperform at Evercore ISI and Cowen as well as a Neutral at Goldman Sachs. 5. BeiGene (BGNE) initiated with an Outperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
WAB Wabtec
$95.23

1.1 (1.17%)

05/08/18
KEYB
05/08/18
NO CHANGE
Target $105
KEYB
Overweight
Wabtec price target raised to $105 from $100 at KeyBanc
KeyBanc analyst Steve Barger raised his price target for Wabtec to $105 from $100 after the company laid out an aggressive 5-year plan with targets that imply significant organic revenue and EPS growth. The analyst reiterates an Overweight rating on the shares.
05/14/18
DBAB
05/14/18
UPGRADE
DBAB
Buy
Wabtec upgraded to Buy from Hold at Deutsche Bank
05/14/18
DBAB
05/14/18
UPGRADE
Target $105
DBAB
Buy
Wabtec upgraded to Buy with $105 price target at Deutsche Bank
As previously reported, Deutsche Bank analyst Saree Boroditsky upgraded Wabtec to Buy from Hold, citing the potential for earnings to double by 2022 from a combination of organic growth and acquisitions. Freight earnings rebounding should support a pickup in Class 1 equipment investment and Boroditsky expects rail operators to continue investing in technology in order to effectively compete with the truck industry, the analyst tells investors. Boroditsky raised the price target on Wabtec shares to $105 from $95.
05/16/18
WLSD
05/16/18
DOWNGRADE
WLSD
Hold
Wabtec downgraded to Hold from Gradually Accumulate at Wellington Shields

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AEP

American Electric

$65.21

0.16 (0.25%)

13:01
06/18/18
06/18
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13:01
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INSY

Insys Therapeutics

$7.68

-0.36 (-4.48%)

13:01
06/18/18
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13:01
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Insys Therapeutics provides update on ongoing transformation »

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MMSI

Merit Medical

$49.50

-0.6 (-1.20%)

12:55
06/18/18
06/18
12:55
06/18/18
12:55
Recommendations
Merit Medical analyst commentary  »

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12:55
06/18/18
06/18
12:55
06/18/18
12:55
General news
Treasury Action: yields rebounded from lows with stocks »

Treasury Action: yields…

NEWT

Newtek Business Services

$19.40

0.3 (1.57%)

12:54
06/18/18
06/18
12:54
06/18/18
12:54
Hot Stocks
Newtek Business Services raises 2018 annual dividend forecast to $1.72 per share »

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  • 19

    Jun

AAL

American Airlines

$42.36

-0.4 (-0.94%)

, LUV

Southwest

$52.02

-0.145 (-0.28%)

12:51
06/18/18
06/18
12:51
06/18/18
12:51
Periodicals
JetBlue founder plans to launch new airline, Airline Weekly reports »

JetBlue (JBLU) founder…

AAL

American Airlines

$42.36

-0.4 (-0.94%)

LUV

Southwest

$52.02

-0.145 (-0.28%)

UAL

United Continental

$74.18

0.29 (0.39%)

JBLU

JetBlue

$19.14

-0.05 (-0.26%)

DAL

Delta Air Lines

$54.77

-0.4 (-0.73%)

03/08/13
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  • 26

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XHB

SPDR Homebuilders

$40.50

-0.36 (-0.88%)

12:50
06/18/18
06/18
12:50
06/18/18
12:50
Options
Put buyers in SPDR Homebuilders ETF ahead of data »

Put buyers in SPDR…

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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LUNA

Luna Innovations

$3.01

-0.04 (-1.31%)

12:46
06/18/18
06/18
12:46
06/18/18
12:46
Hot Stocks
Breaking Hot Stocks news story on Luna Innovations »

Leviticus Partners…

03/08/13
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RRC

Range Resources

$16.65

0.69 (4.32%)

12:45
06/18/18
06/18
12:45
06/18/18
12:45
Options
Range Resources call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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  • 19

    Aug

12:45
06/18/18
06/18
12:45
06/18/18
12:45
General news
Breaking General news story  »

Atlanta Federal Reserve…

SQ

Square

$65.15

0.595 (0.92%)

, TWTR

Twitter

$45.77

-0.03 (-0.07%)

12:43
06/18/18
06/18
12:43
06/18/18
12:43
Hot Stocks
Square moves higher after being granted cryptocurrency license in New York »

Shares of Square (SQ)…

SQ

Square

$65.15

0.595 (0.92%)

TWTR

Twitter

$45.77

-0.03 (-0.07%)

03/08/13
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03/06/13
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03/06/13
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  • 27

    Jul

SJM

J.M. Smucker

$103.74

-1.95 (-1.85%)

12:35
06/18/18
06/18
12:35
06/18/18
12:35
Options
J.M. Smucker put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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  • 15

    Aug

AAPL

Apple

$188.89

0.02 (0.01%)

12:34
06/18/18
06/18
12:34
06/18/18
12:34
Periodicals
Apple Pay to launch in Poland on Tuesday, Cashless reports »

Apple Pay (AAPL) will…

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  • 18

    Jun

GM

General Motors

$43.89

-0.02 (-0.05%)

12:29
06/18/18
06/18
12:29
06/18/18
12:29
Periodicals
GM to invest $175M to retool Michigan plant for Cadillac sedans, Reuters reports »

General Motors is…

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  • 20

    Jun

AWK

American Water

$81.42

0.36 (0.44%)

12:26
06/18/18
06/18
12:26
06/18/18
12:26
Hot Stocks
American Water investing over $14M to replace, install 48k feet of water main »

linois American…

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12:25
06/18/18
06/18
12:25
06/18/18
12:25
Conference/Events
Federal Reserve Bank of Atlanta president speaks at a meeting »

Atlanta Federal Reserve…

BDX

Becton Dickinson

$229.87

-2.3 (-0.99%)

12:25
06/18/18
06/18
12:25
06/18/18
12:25
Conference/Events
Becton Dickinson has a conference call hosted by William Blair »

William Blair hosts a…

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  • 18

    Jun

AWK

American Water

$81.37

0.31 (0.38%)

12:24
06/18/18
06/18
12:24
06/18/18
12:24
Hot Stocks
American Water to invest $2.3M to upgrade 7,100 feet of water main in Pekin »

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RCII

Rent-A-Center

$14.70

2.675 (22.25%)

12:20
06/18/18
06/18
12:20
06/18/18
12:20
Options
Active trading in Rent A Center as shares rally »

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RCII

Rent-A-Center

$14.71

2.685 (22.33%)

, WPC

W.P. Carey

$65.68

-1.37 (-2.04%)

12:18
06/18/18
06/18
12:18
06/18/18
12:18
General news
On The Fly: Top stock stories at midday »

Stocks opened sharply…

RCII

Rent-A-Center

$14.71

2.685 (22.33%)

WPC

W.P. Carey

$65.68

-1.37 (-2.04%)

JD

JD.com

$43.98

0.35 (0.80%)

GOOG

Alphabet

$1,164.30

12.35 (1.07%)

GOOGL

Alphabet Class A

$1,174.85

15.82 (1.36%)

ARWR

Arrowhead

$13.90

2.83 (25.56%)

CBPO

China Biologic

$99.99

18.09 (22.09%)

CBIO

Catalyst Biosciences

$10.81

-14.52 (-57.32%)

ZIOP

Ziopharm

$3.55

-0.76 (-17.63%)

03/08/13
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  • 18

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    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
06/18/18
06/18
12:17
06/18/18
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
06/18/18
06/18
12:16
06/18/18
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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KHC

Kraft Heinz

$60.94

-0.67 (-1.09%)

12:15
06/18/18
06/18
12:15
06/18/18
12:15
Periodicals
Kraft Heinz mulls sale of children's drink brand in India, Bloomberg says »

Kraft Heinz is weighing a…

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12:15
06/18/18
06/18
12:15
06/18/18
12:15
General news
Euro$ interest rate futures continue to claw back »

Euro$ interest rate…

ATVI

Activision Blizzard

$77.65

0.21 (0.27%)

, EA

Electronic Arts

$144.71

-1.92 (-1.31%)

12:13
06/18/18
06/18
12:13
06/18/18
12:13
Hot Stocks
WHO adds 'Gaming Disorder' to ICD »

The World Health…

ATVI

Activision Blizzard

$77.65

0.21 (0.27%)

EA

Electronic Arts

$144.71

-1.92 (-1.31%)

GME

GameStop

$14.27

0.355 (2.55%)

TTWO

Take-Two

$119.78

-1.74 (-1.43%)

MSFT

Microsoft

$100.58

0.34 (0.34%)

NTDOY

Nintendo

$0.00

(0.00%)

ZNGA

Zynga

$4.28

-0.045 (-1.04%)

SNE

Sony

$48.12

-0.99 (-2.02%)

UBSFY

Ubisoft

$0.00

(0.00%)

TCEHY

Tencent

$0.00

(0.00%)

03/08/13
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  • 18

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