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WBA

Walgreens Boots Alliance

$64.61

0.47 (0.73%)

, GE

General Electric

$12.96

-0.24 (-1.82%)

17:32
06/19/18
06/19
17:32
06/19/18
17:32

Walgreens Boots Alliance to replace General Electric in DJIA

Walgreens Boots Alliance (WBA) will replace General Electric (GE) in the Dow Jones Industrial Average, or DJIA, effective Tuesday, June 26 before the market opens. David Blitzer, Managing Director and Chairman of the index committee at S&P Dow Jones Indices, noted that GE was "an original member of the DJIA in 1896 and a member continuously since 1907," but added that "today's change to the DJIA will make the index a better measure of the economy and the stock market." In after-hours trading following the announcement, GE shares dropped 1.5% while Walgreen Boots Alliance shares rose over 3%.

WBA

Walgreens Boots Alliance

$64.61

0.47 (0.73%)

GE

General Electric

$12.96

-0.24 (-1.82%)

  • 28

    Jun

WBA Walgreens Boots Alliance
$64.61

0.47 (0.73%)

04/17/18
MZHO
04/17/18
NO CHANGE
MZHO
Amazon news removes 'unprecedented overhang' on drug sellers, says Mizuho
After CNBC reported yesterday afternoon that Amazon (AMZN) has decided to shelve its plan to sell and distribute pharmaceutical products, Mizuho analyst Ann Hynes said she had thought Amazon's current logistics and distribution model would not translate into healthcare. However, based on conversations with investors, she believes the magnitude of the overhang that Amazon presented for drug distributors and retail pharmacies was "unprecedented." While drug pricing is still a concern, she notes that the CNBC report removes one overhang on the drug supply chain stocks. Hynes remain a buyer of CVS Health (CVS) and Walgreens (WBA) and keeps Neutral ratings on Rite Aid (RAD) as well as on drug distributors AmerisourceBergen (ABC), Cardinal Health (CAH) and McKesson (MCK).
04/24/18
LEER
04/24/18
NO CHANGE
LEER
Amazon shelving pharma supply efforts to hospitals not surprising, says Leerink
Leerink analyst David Larsen notes that Amazon (AMZN) is said to be shelving its pharmaceutical supply efforts to hospitals, which he does not see as a suprise given several barriers to entry. The consumer market has always been Amazon's core competency, though he expects it will be a long, gradual, and difficult process of building up an online drug portfolio with an initial focus likely on generics. The analyst believes the risk of Amazon entering retail in the near term is reduced significantly. Nonetheless, Larsen thinks risk remains longer term for retail pharmacies such as CVS (CVS) and Walgreens Boots Alliance (WBA).
05/23/18
LEER
05/23/18
NO CHANGE
Target $70
LEER
Market Perform
Walgreens Boots Alliance price target lowered to $70 from $75 at Leerink
Leerink analyst David Larsen lowered his price target for Walgreens Boots Alliance to $70 from $75 as healthcare hub strategy is taking time and headwinds continue. The analyst reiterates a Market Perform rating on the shares.
05/29/18
MZHO
05/29/18
NO CHANGE
Target $77
MZHO
Buy
Walgreens Boots Alliance price target lowered to $77 from $87 at Mizuho
Mizuho analyst Ann Hynes views Walgreens Boots Alliance's sell-side event last week as "strange." Management highlighted the company was focused on a new strategy for the stores, but would not share any details on the strategy for competitive reasons, Hynes tells investors in a research note. The analyst, however, keeps a Buy rating on the shares citing Walgreens' current valuation, "strong" cash flow and likely limited downside risk to adjusted earnings estimates.
GE General Electric
$12.96

-0.24 (-1.82%)

05/29/18
COWN
05/29/18
NO CHANGE
Target $125
COWN
Outperform
Wabtec price target raised to $125 from $99 at Cowen
Cowen analyst Matt Elkott raised his price target on Wabtec (WAB) to $125 from $99 citing its merger with GE Transportation (GE). He believes Wabtec is the most comprehensive and unique play on global rail markets and there is no direct publicly traded comp. Elkott reiterated his Outperform rating on Wabtec shares.
05/30/18
JPMS
05/30/18
NO CHANGE
Target $11
JPMS
Underweight
GE Capital remains 'underappreciated risk,' says JPMorgan
JPMorgan analyst Stephen Tusa believes GE Capital "remains an underappreciated risk." In a new research note titled "GECS: Not Gone and Not to Be Forgotten; Part 3, Recent Disclosure Suggests Further Action Needed to 'De-Risk," Tusa says the math suggests more capital may be needed, even without another charge from lingering liabilities. The analyst sees either $22B in incremental asset wind down versus the standing plan, or a $3B capital contribution. While many investors are discounting January's Insurance charge as one of the last "shoes to drop," it is "more of a wake-up call around a GECS book that continues to operate with the burden of a systemic approach to making short-term earnings look better with ultimately uneconomic long-term moves," Tusa writes. He has an Underweight rating on General Electric with an $11 price target.
06/01/18
UBSW
06/01/18
NO CHANGE
Target $16
UBSW
Neutral
General Electric can cover dividend into 2019, says UBS
UBS analyst Steven Winoker noted investors are concerned about General Electric's ability to pay its dividend. The analyst believes the company can generate enough cash and maintain a strong credit rating if they can execute asset sales. He believes the company can cover the dividend in 2018 and 2019 and most likely into 2020, but argues a bigger free cash flow cushion is warranted. Winoker maintained his Neutral rating and $16 price target on General Electric shares.
06/04/18
JPMS
06/04/18
NO CHANGE
Target $11
JPMS
Underweight
General Electric needs $30B in cash, JPMorgan's Tusa says
JPMorgan analyst Stephen Tusa says he's watching for General Electric's new board and management to set the longer-term path for a "new GE" as the company's CEO transition approaches its one-year anniversary. In a research note titled "Will The Page Officially Turn In June?," Tusa argues that investors "deserve clarity on the path forward" following "mixed messages" and the debate around portfolio value. The analyst continues to see the need for GE to "de-risk substantially," which he believes includes the need for cash and a cut to the dividend. This is not only about survival, but positioning the company to, as CEO Flannery put it recently, "flourish," Tusa writes. The analyst's preliminary math shows the need for $30B in cash to get to 2.5 times leverage as per ratings agencies. Tusa keeps an Underweight rating on General Electric with an $11 price target.

TODAY'S FREE FLY STORIES

NCLH

Norwegian Cruise Line

$50.01

2.43 (5.11%)

15:40
07/18/18
07/18
15:40
07/18/18
15:40
Options
Norwegian Cruise Lines options volume is 27X daily average as shares rally »

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KMI

Kinder Morgan

$17.77

0.08 (0.45%)

15:34
07/18/18
07/18
15:34
07/18/18
15:34
Options
Kinder Morgan options imply 4.4% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 18

    Jul

MDR

McDermott

$17.99

-0.05 (-0.28%)

15:30
07/18/18
07/18
15:30
07/18/18
15:30
Options
McDermott option volume is 6X daily average and puts lead calls 30:1 »

McDermott option volume…

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  • 31

    Jul

OMC

Omnicom

$70.32

-0.37 (-0.52%)

15:20
07/18/18
07/18
15:20
07/18/18
15:20
Options
Heavy Omnicom option volume likely adjusts open positions »

Heavy Omnicom option…

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  • 09

    Aug

AXP

American Express

$102.70

1.56 (1.54%)

15:19
07/18/18
07/18
15:19
07/18/18
15:19
Options
American Express options imply 5.3% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
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  • 18

    Jul

  • 08

    Aug

BPL

Buckeye Partners

$33.37

-1.58 (-4.52%)

15:17
07/18/18
07/18
15:17
07/18/18
15:17
Hot Stocks
Moody's changes Buckeye Partners' outlook to negative from stable »

Moody's Investors…

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  • 03

    Aug

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
07/18/18
07/18
15:17
07/18/18
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
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03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
07/18/18
07/18
15:16
07/18/18
15:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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PZZA

Papa John's

$50.98

-0.56 (-1.09%)

, WEN

Wendy's

$17.53

0.105 (0.60%)

15:13
07/18/18
07/18
15:13
07/18/18
15:13
Periodicals
Papa John's founder held merger discussions with Wendy's, WSJ reports »

Papa John's…

PZZA

Papa John's

$50.98

-0.56 (-1.09%)

WEN

Wendy's

$17.53

0.105 (0.60%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 18

    Jul

  • 08

    Aug

  • 15

    Aug

CCK

Crown Holdings

$45.16

-0.22 (-0.48%)

15:10
07/18/18
07/18
15:10
07/18/18
15:10
Options
Third day of call buying in Crown Holdings ahead of earnings »

Third day of call buying…

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  • 19

    Jul

BIIB

Biogen

$356.40

1.46 (0.41%)

15:06
07/18/18
07/18
15:06
07/18/18
15:06
Periodicals
Biogen presented as best idea by Alex Denner, CNBC says »

Alex Denner of Sarissa…

03/08/13
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03/06/13
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  • 24

    Jul

  • 30

    Jul

  • 31

    Jul

PZZA

Papa John's

$51.02

-0.52 (-1.01%)

, WEN

Wendy's

$17.52

0.1 (0.57%)

15:05
07/18/18
07/18
15:05
07/18/18
15:05
Periodicals
Breaking Periodicals news story on Papa John's, Wendy's »

Papa John's founder…

PZZA

Papa John's

$51.02

-0.52 (-1.01%)

WEN

Wendy's

$17.52

0.1 (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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  • 18

    Jul

  • 08

    Aug

  • 15

    Aug

IBM

IBM

$144.11

0.65 (0.45%)

, GRPN

Groupon

$4.70

0.07 (1.51%)

15:04
07/18/18
07/18
15:04
07/18/18
15:04
Earnings
On The Fly: What to watch for in IBM's earnings report »

IBM (IBM) is scheduled to…

IBM

IBM

$144.11

0.65 (0.45%)

GRPN

Groupon

$4.70

0.07 (1.51%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 18

    Jul

  • 06

    Aug

EBAY

eBay

$38.08

0.26 (0.69%)

15:04
07/18/18
07/18
15:04
07/18/18
15:04
Options
EBay options imply 10.0% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 18

    Jul

15:00
07/18/18
07/18
15:00
07/18/18
15:00
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

ABUS

Arbutus Biopharma

$11.30

-0.05 (-0.44%)

14:58
07/18/18
07/18
14:58
07/18/18
14:58
Conference/Events
Arbutus Biopharma management to meet with Jefferies »

Meetings to be held in…

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  • 18

    Jul

  • 19

    Jul

MSEX

Middlesex Water

$44.59

-0.04 (-0.09%)

14:56
07/18/18
07/18
14:56
07/18/18
14:56
Hot Stocks
Middlesex Water unit awarded City of Perth Amboy contract »

Utility Service…

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PSXP

Phillips 66 Partners

$51.48

1.51 (3.02%)

14:53
07/18/18
07/18
14:53
07/18/18
14:53
Hot Stocks
Phillips 66 Partners announces 5.3% increase in quarterly distribution »

Phillips 66 Partners…

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  • 27

    Jul

TTWO

Take-Two

$126.13

-0.6 (-0.47%)

14:50
07/18/18
07/18
14:50
07/18/18
14:50
Periodicals
Greenberg presents Take-Two as best idea at 'Delivering Alpha' »

Samantha Greenberg,…

03/08/13
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  • 02

    Aug

  • 06

    Sep

GOGO

Gogo

$3.96

0.2 (5.32%)

14:50
07/18/18
07/18
14:50
07/18/18
14:50
Options
Rebound in shares of GOGO Wireless draws opening put seller »

Rebound in shares of GOGO…

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IBM

IBM

$143.99

0.53 (0.37%)

14:49
07/18/18
07/18
14:49
07/18/18
14:49
Options
IBM options imply 6.6% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 18

    Jul

  • 06

    Aug

OMED

OncoMed

$2.40

0.04 (1.69%)

14:48
07/18/18
07/18
14:48
07/18/18
14:48
Conference/Events
OncoMed management to meet with Jefferies »

Meetings to be held in…

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  • 18

    Jul

GOOG

Alphabet

$1,200.98

2.17 (0.18%)

, GOOGL

Alphabet Class A

$1,217.97

4.32 (0.36%)

14:42
07/18/18
07/18
14:42
07/18/18
14:42
Periodicals
FTC chairman to look 'closely' at EU's move to fine Google, Reuters says »

U.S. Federal Trade…

GOOG

Alphabet

$1,200.98

2.17 (0.18%)

GOOGL

Alphabet Class A

$1,217.97

4.32 (0.36%)

03/08/13
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  • 23

    Jul

  • 23

    Jul

  • 08

    Aug

  • 18

    Sep

  • 28

    Oct

PHM

PulteGroup

$30.91

-0.02 (-0.06%)

, DHI

D.R. Horton

$43.21

-0.02 (-0.05%)

14:42
07/18/18
07/18
14:42
07/18/18
14:42
Hot Stocks
Homebuilders fall as housing starts crevice to nine-month low »

Shares of U.S. home…

PHM

PulteGroup

$30.91

-0.02 (-0.06%)

DHI

D.R. Horton

$43.21

-0.02 (-0.05%)

LEN

Lennar

$54.96

-0.59 (-1.06%)

KBH

KB Home

$27.02

-0.46 (-1.67%)

MTH

Meritage Homes

$46.05

-0.9 (-1.92%)

BZH

Beazer Homes

$15.51

-0.13 (-0.83%)

TOL

Toll Brothers

$37.73

-0.31 (-0.81%)

03/08/13
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  • 26

    Jul

  • 26

    Jul

  • 26

    Jul

  • 26

    Jul

ADTN

Adtran

$16.05

(0.00%)

, CTL

CenturyLink

$19.54

-0.085 (-0.43%)

14:34
07/18/18
07/18
14:34
07/18/18
14:34
Downgrade
Adtran, CenturyLink rating change  »

Adtran downgraded to…

ADTN

Adtran

$16.05

(0.00%)

CTL

CenturyLink

$19.54

-0.085 (-0.43%)

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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  • 18

    Jul

  • 08

    Aug

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