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SIG

Signet Jewelers

$60.04

2.91 (5.09%)

12:15
06/20/18
06/20
12:15
06/20/18
12:15

Signet Jewelers put volume heavy and directionally bearish

Bearish flow noted in Signet Jewelers with 3,731 puts trading, or 1.3x expected. Most active are Aug-18 60 puts and 6/29 weekly 58 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 3.69, while ATM IV is up over 1 point on the day. Earnings are expected on August 23rd.

  • 26

    Jun

SIG Signet Jewelers
$60.04

2.91 (5.09%)

03/20/18
JPMS
03/20/18
NO CHANGE
Target $40
JPMS
Neutral
Signet Jewelers price target lowered to $40 from $52 at JPMorgan
JPMorgan analyst Matthew Boss lowered his price target for Signet Jewelers to $40 saying the company's transitional investments will take time to pay dividends. The analyst sees the combination of negative traffic and fiscal 2019 store closures "weighing on the top-line profile" through at least fiscal 2020. Boss keeps a Neutral rating on Signet shares.
03/20/18
03/20/18
DOWNGRADE
Target $43

Neutral
Signet Jewelers downgraded to Neutral on lack of visibility at BofA/Merrill
As previously reported, BofA/Merrill downgraded Signet Jewelers to Neutral from Buy and cut its price target to $43 from $66. Analyst Lorraine Hutchinson said Signet lacks growth visibility near-term and lowered estimates to reflect a weak base business, credit transition issues, and a loss of EBIT from subprime credit outsourcing. Hutchinson said it will take time for new initiatives to be effective and drive comps and notes management expects the credit transition to remain a headwind all year to sales growth.
03/20/18
03/20/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Oracle (ORCL) downgraded to Neutral from Buy at BofA/Merrill and to Hold from Buy at Stifel. 2. Huntsman (HUN) downgraded to Neutral from Buy at Nomura Instinet with analyst Aleksey Yefremov saying he believes the shares are unlikely to outperform until demand for MDI-based polyurethanes markets finds a bottom. 3. Signet Jewelers (SIG) downgraded to Neutral from Buy at BofA/Merrill with analyst Lorraine Hutchinson saying Signet lacks growth visibility near-term and lowered estimates to reflect a weak base business, credit transition issues, and a loss of EBIT from subprime credit outsourcing. 4. Dominion (D) downgraded to Neutral from Buy at BofA/Merrill with analyst Julien Dumoulin-Smith saying the latest FERC policy changes is a headwind to Dominion's dropdown desire into Dominion Midstream (DM) and could impact valuations of midstream assets. 5. Essex Property Trust (ESS) downgraded to Hold from Buy at SunTrust with analyst Michael Lewis saying the stock's recent outperformance has narrowed its discount to NAV to the smallest margin among its peers, even though its leverage and earnings growth rate are comparable to those of peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/11/18
RBCM
06/11/18
NO CHANGE
Target $51
RBCM
Sector Perform
Signet Jewelers price target raised to $51 from $38 at RBC Capital
RBC Capital analyst Brian Tunick raised his price target on Signet Jewelers to $51 after its better than expected Q1 earnings, saying the results suggest that comps are starting to normalize as the management "rebuilds credibility". Tunick also keeps his Sector Perform rating, adding that it is too early to call the quarter a "turnaround", even though he is "intrigued" by the improvements in the business.

TODAY'S FREE FLY STORIES

HUN

Huntsman

$31.68

1.09 (3.56%)

12:12
07/18/18
07/18
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12:12
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  • 31

    Jul

UTX

United Technologies

$132.26

1.55 (1.19%)

, EADSY

Airbus

$0.00

(0.00%)

12:11
07/18/18
07/18
12:11
07/18/18
12:11
Hot Stocks
Air Transat selects Pratt & Whitney GTF engines to power 17 A3210neos »

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UTX

United Technologies

$132.26

1.55 (1.19%)

EADSY

Airbus

$0.00

(0.00%)

AER

AerCap

$55.77

0.38 (0.69%)

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 24

    Jul

  • 30

    Jul

  • 08

    Aug

DIS

Disney

$110.81

0.51 (0.46%)

12:10
07/18/18
07/18
12:10
07/18/18
12:10
Options
Disney calls outpace puts more than 3:1 as shares advance »

Disney calls outpace puts…

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  • 07

    Aug

12:10
07/18/18
07/18
12:10
07/18/18
12:10
General news
Treasury Option Action: bullish risk reversals in 5-year futures »

Treasury Option Action:…

12:10
07/18/18
07/18
12:10
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12:10
General news
Powell on low wage growth: the Fed looks at a range of wages »

Powell on low wage…

MD

Mednax

$43.78

-0.27 (-0.61%)

, EVHC

Envision Healthcare

$44.79

-0.065 (-0.14%)

12:07
07/18/18
07/18
12:07
07/18/18
12:07
Periodicals
Chanos reiterating short calls on Mednax, Envision Healthcare at CNBC event »

Kynikos Associates…

MD

Mednax

$43.78

-0.27 (-0.61%)

EVHC

Envision Healthcare

$44.79

-0.065 (-0.14%)

03/08/13
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UTX

United Technologies

$132.25

1.54 (1.18%)

12:05
07/18/18
07/18
12:05
07/18/18
12:05
Hot Stocks
U.S. start-up airline ordres 60 A220 aircraft, powered by P&W GTF engines »

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  • 24

    Jul

TECD

Tech Data

$85.99

0.7 (0.82%)

, MSFT

Microsoft

$105.21

-0.79 (-0.75%)

12:05
07/18/18
07/18
12:05
07/18/18
12:05
Hot Stocks
Tech Data signs distribution agreement with Advantech »

Tech Data (TECD)…

TECD

Tech Data

$85.99

0.7 (0.82%)

MSFT

Microsoft

$105.21

-0.79 (-0.75%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 19

    Jul

  • 08

    Aug

  • 08

    Aug

  • 04

    Sep

GOOGL

Alphabet Class A

$1,212.96

-0.69 (-0.06%)

, GOOG

Alphabet

$1,197.15

-1.66 (-0.14%)

12:04
07/18/18
07/18
12:04
07/18/18
12:04
General news
Fly Intel: Wall Street's top stories at midday »

Stocks opened with minor…

GOOGL

Alphabet Class A

$1,212.96

-0.69 (-0.06%)

GOOG

Alphabet

$1,197.15

-1.66 (-0.14%)

AMZN

Amazon.com

$1,843.77

-0.23 (-0.01%)

AAPL

Apple

$190.21

-1.34 (-0.70%)

MS

Morgan Stanley

$50.70

1.5 (3.05%)

UAL

United Continental

$79.11

6.45 (8.88%)

CSX

CSX

$68.30

3.88 (6.02%)

ABT

Abbott

$64.56

1.72 (2.74%)

SAH

Sonic Automotive

$19.00

-1.45 (-7.09%)

HCSG

Healthcare Services

$37.90

-4.485 (-10.58%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 18

    Jul

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    Jul

  • 18

    Jul

  • 18

    Jul

  • 18

    Jul

  • 23

    Jul

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    Jul

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    Jul

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    Jul

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    Jul

  • 08

    Aug

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    Aug

  • 26

    Aug

  • 18

    Sep

  • 28

    Oct

GS

Goldman Sachs

$231.70

0.74 (0.32%)

12:03
07/18/18
07/18
12:03
07/18/18
12:03
Upgrade
Goldman Sachs rating change  »

Goldman Sachs upgraded to…

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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OKTA

Okta

$55.70

-0.11 (-0.20%)

12:02
07/18/18
07/18
12:02
07/18/18
12:02
Hot Stocks
Okta acquires ScaleFT, terms not disclosed »

Okta announced it has…

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SKY

Skyline

$29.61

-2.04 (-6.45%)

12:00
07/18/18
07/18
12:00
07/18/18
12:00
Hot Stocks
Skyline falls -6.5% »

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SAH

Sonic Automotive

$18.90

-1.55 (-7.58%)

12:00
07/18/18
07/18
12:00
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Hot Stocks
Sonic Automotive falls -7.1% »

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  • 27

    Jul

NCS

NCI Building

$18.40

-2.3 (-11.11%)

12:00
07/18/18
07/18
12:00
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12:00
Hot Stocks
NCI Building falls -11.1% »

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UAL

United Continental

$78.93

6.27 (8.63%)

12:00
07/18/18
07/18
12:00
07/18/18
12:00
Hot Stocks
United Continental rises 8.5% »

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  • 18

    Jul

GWW

Grainger

$336.30

31.09 (10.19%)

12:00
07/18/18
07/18
12:00
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12:00
Hot Stocks
Grainger rises 10.2% »

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  • 18

    Jul

ETFC

E-Trade

$63.09

1.95 (3.19%)

12:00
07/18/18
07/18
12:00
07/18/18
12:00
Options
Heavy call volume as E*Trade shares rally 3% ahead of results »

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  • 19

    Jul

EBF

Ennis

$22.85

3 (15.11%)

12:00
07/18/18
07/18
12:00
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12:00
Hot Stocks
Ennis rises 15.4% »

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  • 18

    Jul

MA

MasterCard

$206.34

0.03 (0.01%)

, V

Visa

$140.21

0.53 (0.38%)

11:59
07/18/18
07/18
11:59
07/18/18
11:59
Earnings
On The Fly: What to watch in credit card space earnings reports »

American Express (AXP),…

MA

MasterCard

$206.34

0.03 (0.01%)

V

Visa

$140.21

0.53 (0.38%)

AXP

American Express

$102.50

1.36 (1.34%)

AMZN

Amazon.com

$1,845.38

1.38 (0.07%)

PYPL

PayPal

$88.34

-0.25 (-0.28%)

FDC

First Data

$22.78

0.23 (1.02%)

03/08/13
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03/08/13
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03/06/13
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  • 18

    Jul

  • 18

    Jul

  • 25

    Jul

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    Jul

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    Jul

  • 06

    Aug

  • 08

    Aug

  • 15

    Aug

  • 16

    Aug

  • 16

    Aug

11:55
07/18/18
07/18
11:55
07/18/18
11:55
Conference/Events
Wolfe Research airlines analyst to hold a luncheon meeting »

Airlines Analyst Keay…

MKL

Markel

$1,140.97

8.97 (0.79%)

11:53
07/18/18
07/18
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11:53
Hot Stocks
Markel gains license for German insurance company »

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HUN

Huntsman

$30.86

0.27 (0.88%)

11:53
07/18/18
07/18
11:53
07/18/18
11:53
Periodicals
Huntsman mentioned positively by Atlantic's Roepers »

Atlantic Investment…

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  • 31

    Jul

CIEN

Ciena

$26.36

-0.59 (-2.19%)

11:50
07/18/18
07/18
11:50
07/18/18
11:50
Recommendations
Ciena analyst commentary  »

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  • 04

    Sep

HLT

Hilton

$82.70

1.64 (2.02%)

11:50
07/18/18
07/18
11:50
07/18/18
11:50
Options
Bullish option play in Hilton Worlwide as shares rally ahead of earnings »

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  • 25

    Jul

11:50
07/18/18
07/18
11:50
07/18/18
11:50
General news
U.S. Commerce Department is mulling a uranium probe »

U.S. Commerce Department…

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