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IQ

iQIYI

$39.62

4.89 (14.08%)

, CTRP

Ctrip

$51.24

0.96 (1.91%)

15:53
06/14/18
06/14
15:53
06/14/18
15:53

iQIYI jumps 15% after announcing board changes and AI programming competition

Shares of iQIYI (IQ), an online entertainment service in China are up 14% in afternoon trading after announcing earlier that Jane Jie Sun, the CEO of Ctrip (CTRP), has been appointed as an independent director and a member of the audit committee of the board of directors of the company. Dr. Haifeng Wang, senior vice president of Baidu (BIDU) and general manager of Baidu's AI Group, has been appointed as a director of the Board. Dr. Qi Lu has resigned from the Board and its compensation committee, and Mr. Herman Yu has been appointed as the chairman of the compensation committee. These changes will be effective on June 14. Separately, iQIYI announced the official opening of applications for "Celebrity Video Identification Challenge", an AI programming competition focused on video-based multimodal biometric recognition. The competition is being held in partnership with the Chinese Conference on Pattern Recognition and Computer Vision. Between 200 and 1,000 teams drawn from China's leading institutions in the field of scientific research and some of the world's top universities will vie to make major breakthroughs in the field. Shares of iQIYI are up over 15% in late-day trading.

IQ

iQIYI

$39.62

4.89 (14.08%)

CTRP

Ctrip

$51.24

0.96 (1.91%)

BIDU

Baidu

$270.77

0.74 (0.27%)

  • 10

    Sep

IQ iQIYI
$39.62

4.89 (14.08%)

04/24/18
SBSH
04/24/18
INITIATION
Target $22
SBSH
Buy
iQIYI initiated with a Buy at Citi
Citi started iQIYI with a Buy rating and $22 price target.
04/25/18
BOFA
04/25/18
INITIATION
Target $21
BOFA
Neutral
iQIYI initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Eddie Leung initiated iQIYI with a Neutral and $21 price target due to valuation.
05/08/18
GSCO
05/08/18
INITIATION
Target $23
GSCO
Buy
iQIYI initiated with a Buy at Goldman Sachs
Goldman analyst Piyush Mubayi initiated iQIYI with a Buy and $23 price target.
05/08/18
05/08/18
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. Juniper (JNPR) initiated with a Neutral at Rosenblatt. 2. Nice Systems (NICE) initiated with an Equal Weight at Morgan Stanley. 3. Mersana Therapeutics (MRSN) initiated with an Outperform at Baird. 4. iQIYI (IQ) initiated with a Buy at Goldman Sachs. 5. Cubic (CUB) initiated with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
CTRP Ctrip
$51.24

0.96 (1.91%)

03/15/18
DBAB
03/15/18
NO CHANGE
Target $48
DBAB
Buy
Ctrip guidance outweighs small margin beat, says Deutsche Bank
Deutsche Bank analyst Eileen Deng believes Ctrip's weaker than expected Q1 revenue guidance outweighs the small margin beat in Q4. In a post-earnings research note titled "Dark cloud on unbundling still overhangs," the analyst lowered her price target fro the shares to $48 from $50 and keeps a Hold rating on Ctrip. Deng is "positive on the enhancing one-stop shop solution, yet cautious on short-term headwinds."
05/21/18
05/21/18
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. Snap (SNAP) upgraded to Neutral from Sell at MoffettNathanson. 2. ProsHoldings (PROS) upgraded to Outperform from Market Perform at Northland with analyst Tim Klasell citing last week's annual user conference and analyst meetings. 3. Ctrip (CTRP) upgraded to Buy from Hold at TH Data Capital with analyst Tian Hou saying the company's business has "already stabilized and is on its way to recovery." 4. Sempra Energy (SRE) upgraded to Buy from Hold at Argus with analyst Jacob Kilstein citing anticipated earnings accretion from the recent purchase of a majority stake in Oncor, favorable regulations, and the growing base rate at its California utilities. 5. Dillard's (DDS) upgraded to Buy from Underperform at BofA/Merrill with analyst Heather Balsky saying she expects improved consumer sentiment, especially in the energy market, to support positive comps and drive multiple expansion. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/21/18
THCP
05/21/18
UPGRADE
Target $50
THCP
Buy
Ctrip upgraded to Buy from Hold at TH Data Capital
TH Data Capital analyst Tian Hou upgraded Ctrip to Buy with a $50 price target. The analyst expects a traffic recovery to drive better Q1 results when Ctrip reports tomorrow. The company's business has "already stabilized and is on its way to recovery," Hou tells investors in a pre-earnings research note. He sees Q1 as the likely the bottom for Ctrip, and expects its results to recover in the rest of 2018.
05/18/18
OPCO
05/18/18
NO CHANGE
Target $51
OPCO
Outperform
Oppenheimer says would be long-term buyer of Ctrip.com on weakness
Oppenheimer analyst Jed Kelly maintained an Outperform rating and $51 price target on Ctrip.com ahead of the company's Q1 results, which he expects to be in-line with the Street and provide better visibility into valued-added services cross-selling regulation headwinds. In a research note to investors, Kelly said he believes VAS regulation impacts all travel suppliers, but contends that Ctrip.com is best positioned to eventually emerge with greater market share. Kelly said he would be a long-term buyer on weakness.
BIDU Baidu
$270.77

0.74 (0.27%)

05/18/18
FBCO
05/18/18
DOWNGRADE
FBCO
Neutral
Baidu downgraded to Neutral from Outperform at Credit Suisse
05/11/18
05/11/18
UPGRADE

Market Perform
Baidu upgraded to Market Perform from Underperform at Bernstein
As previously reported, Bernstein analyst Bhavtosh Vajpayee upgraded Baidu to Market Perform from Underperform and raised his price target on shares to $305 from $240, saying "a 20% growth prognosis with an equivalent earnings expansion CAGR deserves more credit than our earlier Underperform rating."
05/11/18
BERN
05/11/18
UPGRADE
BERN
Market Perform
Baidu upgraded to Market Perform from Underperform at Bernstein
06/14/18
BNPP
06/14/18
INITIATION
Target $300
BNPP
Buy
Baidu initiated with a Buy at BNP Paribas
BNP Paribas initiated Baidu with a Buy and $300 price target.

TODAY'S FREE FLY STORIES

TLRY

Tilray

$123.16

-53.365 (-30.23%)

10:20
09/22/18
09/22
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09/22/18
10:20
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AAPL

Apple

$217.65

-2.35 (-1.07%)

, WMT

Walmart

$95.85

0.1 (0.10%)

09:05
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09/22
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09:05
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AAPL

Apple

$217.65

-2.35 (-1.07%)

WMT

Walmart

$95.85

0.1 (0.10%)

DE

Deere

$152.82

-1.24 (-0.80%)

AGCO

Agco

$60.24

-0.9 (-1.47%)

ADM

Archer Daniels

$50.33

(0.00%)

MOS

Mosaic

$32.33

0.02 (0.06%)

CF

CF Industries

$52.82

-0.48 (-0.90%)

SPWR

SunPower

$7.88

-0.18 (-2.23%)

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  • 03

    Mar

AERI

Aerie Pharmaceuticals

$58.50

0.1 (0.17%)

, AGN

Allergan

$191.34

-1.11 (-0.58%)

04:55
09/22/18
09/22
04:55
09/22/18
04:55
Conference/Events
European Society of Retina Specialists to hold a conference »

18th Congress of EURETINA…

AERI

Aerie Pharmaceuticals

$58.50

0.1 (0.17%)

AGN

Allergan

$191.34

-1.11 (-0.58%)

ALIM

Alimera Sciences

$1.07

(0.00%)

BABY

Natus Medical

$34.45

-0.2 (-0.58%)

BHC

Bausch Health

$24.92

-0.07 (-0.28%)

BAYRY

Bayer

$0.00

(0.00%)

ELXMF

Ellex Medical Lasers

$0.00

(0.00%)

GKOS

Glaukos

$58.78

-1.69 (-2.79%)

IRIX

IRIDEX

$6.52

0.08 (1.24%)

JNJ

Johnson & Johnson

$142.85

0.85 (0.60%)

NITE

Nightstar Therapeutics

$25.64

-1.71 (-6.25%)

NVS

Novartis

$85.46

-0.505 (-0.59%)

OCUL

Ocular Therapeutix

$6.45

0.03 (0.47%)

RHHBY

Roche

$0.00

(0.00%)

SHPG

Shire

$178.32

-1.68 (-0.93%)

STAA

STAAR Surgical

$47.00

-0.9 (-1.88%)

TMDI

Titan Medical

$2.24

0.02 (0.90%)

TTNP

Titan Pharmaceuticals

$0.22

-0.2833 (-56.66%)

03/08/13
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  • 15

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  • 15

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CDTI

CDTi

$0.34

0.01 (3.08%)

18:15
09/21/18
09/21
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18:15
Hot Stocks
CDTi sees September 21 as effective date of reverse stock split »

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DUK

Duke Energy

$79.82

-0.81 (-1.00%)

18:08
09/21/18
09/21
18:08
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18:08
Hot Stocks
Duke Energy restored nearly 1.8M outages in NC, SC during past week »

Duke Energy crews today…

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JNJ

Johnson & Johnson

$142.85

0.85 (0.60%)

18:01
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09/21
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Hot Stocks
Johnson & Johnson's Janssen discloses phase 3 study results of Esketamine »

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  • 16

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UAL

United Continental

$89.94

0.8 (0.90%)

17:39
09/21/18
09/21
17:39
09/21/18
17:39
Periodicals
United pilots refuse contract changes on regional routes, Reuters says »

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  • 21

    Sep

XLE

Energy Select Sector SPDR

$75.11

0.5132 (0.69%)

, XLU

Utilities SPDR

$53.04

0.2049 (0.39%)

17:36
09/21/18
09/21
17:36
09/21/18
17:36
General news
Week ending ETF Scorecard: Materials outperform, Utlilites slump »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$75.11

0.5132 (0.69%)

XLU

Utilities SPDR

$53.04

0.2049 (0.39%)

IYR

DJ US Real Estate Index Fund

$81.88

-0.06 (-0.07%)

XLP

Consumer Staples Sector SPDR

$55.02

0.1285 (0.23%)

XLY

Consumer Discretionary Sector SPDR

$116.98

-0.4288 (-0.37%)

XLB

S&P Select Materials SPDR

$60.54

-0.1312 (-0.22%)

XLF

Financial Select Sector

$28.73

-0.1175 (-0.41%)

XLV

Health Care Select Sector SPDR

$94.26

0.1571 (0.17%)

XLK

Technology Select Sector SPDR

$74.68

-0.2056 (-0.27%)

XLI

Industrial Select Sector SPDR

$79.71

0.2338 (0.29%)

GLD

SPDR Gold Trust

$113.48

-0.77 (-0.67%)

SLV

iShares Silver Trust

$13.44

-0.01 (-0.07%)

USO

United States Oil Fund

$14.95

0.145 (0.98%)

UNG

United States Natural Gas Fund

$24.60

0.235 (0.96%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$86.24

0.05 (0.06%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$114.72

0.04 (0.03%)

TLT

iShares 20+ Year Treasury Bond Fund

$117.12

-0.02 (-0.02%)

IEF

iShares 7-10 Year Treasury Bond ETF

$101.00

0.03 (0.03%)

SHY

iShares 1-3 Year Treasury Bond

$83.05

0.02 (0.02%)

IWD

iShares Russell 1000 Value

$129.51

0.13 (0.10%)

IWF

iShares Russell 1000 Growth

$155.30

-0.55 (-0.35%)

03/08/13
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OHGI

One Horizon Group

$0.18

-0.0088 (-4.63%)

17:34
09/21/18
09/21
17:34
09/21/18
17:34
Syndicate
Breaking Syndicate news story on One Horizon Group »

One Horizon Group files…

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CYTX

Cytori Therapeutics

$0.41

-0.033 (-7.38%)

17:31
09/21/18
09/21
17:31
09/21/18
17:31
Syndicate
Breaking Syndicate news story on Cytori Therapeutics »

Cytori Therapeutics files…

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NEM

Newmont Mining

$31.56

0.05 (0.16%)

17:22
09/21/18
09/21
17:22
09/21/18
17:22
Syndicate
Breaking Syndicate news story on Newmont Mining »

Newmont Mining files…

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CB

Chubb

$139.87

-0.05 (-0.04%)

17:22
09/21/18
09/21
17:22
09/21/18
17:22
Hot Stocks
Chubb CEO Greenberg sells $8.6M in common stock »

Chubb CEO Evan Greenberg…

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VTVT

vTv Therapeutics

$0.80

0.0096 (1.21%)

17:21
09/21/18
09/21
17:21
09/21/18
17:21
Hot Stocks
vTv says FDA advised that azeliragon efficacy be shown in at least 2 trials »

According to a regulatory…

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VYGR

Voyager Therapeutics

$18.21

-0.27 (-1.46%)

17:17
09/21/18
09/21
17:17
09/21/18
17:17
Hot Stocks
Breaking Hot Stocks news story on Voyager Therapeutics »

Armistice Capital reports…

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GNRC

Generac

$57.99

-0.02 (-0.03%)

17:16
09/21/18
09/21
17:16
09/21/18
17:16
Hot Stocks
Generac announces new $250M share repurchase program »

The company announced…

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GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

, IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

17:13
09/21/18
09/21
17:13
09/21/18
17:13
Conference/Events
Independent Bank to host special shareholder meeting »

Special Shareholder…

GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

03/08/13
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  • 24

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HRS

Harris

$164.33

1.685 (1.04%)

17:13
09/21/18
09/21
17:13
09/21/18
17:13
Hot Stocks
Harris awarded $255.4M Department of Defense contract »

Harris Corp has been…

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PMBC

Pacific Mercantile Bancorp

$9.25

-0.5 (-5.13%)

17:10
09/21/18
09/21
17:10
09/21/18
17:10
Hot Stocks
Breaking Hot Stocks news story on Pacific Mercantile Bancorp »

FJ Capital Management…

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  • 07

    Nov

WSC

WillScot

$17.10

-0.05 (-0.29%)

17:10
09/21/18
09/21
17:10
09/21/18
17:10
Syndicate
Breaking Syndicate news story on WillScot »

WillScot files to sell…

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DTEA

DAVIDsTEA

$2.50

-0.9 (-26.47%)

17:09
09/21/18
09/21
17:09
09/21/18
17:09
Hot Stocks
Breaking Hot Stocks news story on DAVIDsTEA »

TDM Asset Management…

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NYT

New York Times

$23.45

0.3 (1.30%)

, EXPE

Expedia

$133.73

-0.77 (-0.57%)

17:08
09/21/18
09/21
17:08
09/21/18
17:08
Hot Stocks
Expedia president Bhutani joins New York Times board »

The New York Times…

NYT

New York Times

$23.45

0.3 (1.30%)

EXPE

Expedia

$133.73

-0.77 (-0.57%)

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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IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

, GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

17:08
09/21/18
09/21
17:08
09/21/18
17:08
Conference/Events
Guaranty Bancorp to host special shareholder meeting »

Special Shareholder…

IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

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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  • 24

    Sep

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MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

, ANDV

Andeavor

$154.80

2.19 (1.44%)

17:01
09/21/18
09/21
17:01
09/21/18
17:01
Conference/Events
Andeavor to host special shareholder meeting »

Special Shareholder…

MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

ANDV

Andeavor

$154.80

2.19 (1.44%)

03/08/13
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ANDV

Andeavor

$154.80

2.19 (1.44%)

, MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

16:59
09/21/18
09/21
16:59
09/21/18
16:59
Conference/Events
Marathon Petroleum to host special shareholder meeting »

Special Shareholder…

ANDV

Andeavor

$154.80

2.19 (1.44%)

MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

03/08/13
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  • 24

    Sep

EPRT

Essential Properties Realty Trust

$14.49

-0.015 (-0.10%)

16:45
09/21/18
09/21
16:45
09/21/18
16:45
Hot Stocks
Breaking Hot Stocks news story on Essential Properties Realty Trust »

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