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TWTR

Twitter

$44.13

-2.53 (-5.42%)

, BAC

Bank of America

$29.06

1.02 (3.64%)

08:55
07/10/18
07/10
08:55
07/10/18
08:55

Notable open interest changes for July 10th

Monday's total option volume of 17.5 million contracts resulted in net open interest growth of 2.99 million calls and 2.23 million puts. Twitter (TWTR), Bank of America (BAC), Apple (AAPL) and Caesars (CZR) saw the greatest growth. Top five new positions opened include 43k Caesars (CZR) Aug-18 13 calls, 22k Caesars (CZR) Aug-18 12 calls, 15k Bank of America (BAC) Jul-18 29.5 calls, 14k Apple (AAPL) Nov-18 200 calls and 14k AT&T (T) Jan-20 30 puts.

TWTR

Twitter

$44.13

-2.53 (-5.42%)

BAC

Bank of America

$29.06

1.02 (3.64%)

AAPL

Apple

$190.65

2.62 (1.39%)

CZR

Caesars

$11.33

0.025 (0.22%)

  • 16

    Jul

  • 17

    Jul

  • 27

    Jul

TWTR Twitter
$44.13

-2.53 (-5.42%)

07/09/18
JPMS
07/09/18
NO CHANGE
Target $50
JPMS
Overweight
Twitter selloff overdone after WaPo story on fake accounts, says JPMorgan
JPMorgan analyst Doug Anmuth attributes today's weakness in Twitter shares to a Washington Post article regarding the company stepping up its efforts to eliminate fake accounts, but he thinks the selloff has been overdone and presents a buying opportunity. He believes there is confusion around the article's contention that 70M accounts were suspended in May and June, contending that the correlation to the company's reported metrics is misunderstood. Anmuth, who continues to model MAU net additions of 2M for Q2, keeps an Overweight rating and $50 price target on Twitter shares.
07/03/18
WELS
07/03/18
NO CHANGE
Target $42
WELS
Market Perform
Twitter price target raised to $42 from $32 at Wells Fargo
Wells Fargo analyst Peter Stabler raised his price target for Twitter to $42 from $32 based on higher estimates and his belief that momentum seen in Q1 has likely continued. The analyst reiterates a Market Perform rating on the shares.
06/15/18
UBSW
06/15/18
NO CHANGE
Target $52
UBSW
Buy
Twitter price target raised to $52 from $36 at UBS
UBS analyst Eric Sheridan raised his price target on Twitter to $52 from $36 as he sees the World Cup as an important catalyst for the stock both in terms of engagement growth and ad demand trends. He also said the company's inclusion into the S&P 500 has resulted in increased demand from index funds and institutional investors. Sheridan reiterated his Buy rating on Twitter shares.
06/12/18
JPMS
06/12/18
NO CHANGE
Target $50
JPMS
Overweight
Twitter price target raised to $50 from $39 at JPMorgan
JPMorgan analyst Doug Anmuth raised his price target for Twitter to $50 from $39 saying the company's advertising momentum is strengthening, particularly among large marketers. The stock closed yesterday up 21c to $41.42. Industry conversations suggest the value for advertisers on Twitter is increasing, driven by double-digit daily active user growth for six straight quarters, improving product for both users and marketers, and better pricing amid declining cost per engagement, Anmuth tells investors in a research note. He projects Twitter's advertising revenue growth will accelerate in both Q2 and Q3, and believes his 21% growth projection for Q4 likely remains conservative. The analyst increased his second half of 2018 and 2019 estimates by around 3% across both revenue and EBITDA. Anmuth has "increasing confidence" that Twitter can grow ad revenue 20%-plus over the next few years and keeps an Overweight rating on the shares.
BAC Bank of America
$29.06

1.02 (3.64%)

02/02/18
MSCO
02/02/18
NO CHANGE
MSCO
BofA, JPMorgan, Citi best positioned for tougher CCAR test, says Morgan Stanley
Morgan Stanley analyst Betsy Graseck said she had expected an easier stress test from the Federal Reserve but that the 2018 CCAR test actually seems tougher than last year, given the more intense recessions and lower asset prices modeled in it. A tougher test makes her less optimistic on her strong payout growth expectations, said Graseck, who sees Bank of America (BAC), JPMorgan (JPM) and Citi (C) as best positioned to "weather the storm" and increase payouts given their resilient balance sheets and significant excess capital. She sees Goldman Sachs (GS), which recently cut buybacks, as at risk from a tougher test, which likely weighs on the bank's 2018 ask, Graseck added.
04/03/18
BMOC
04/03/18
NO CHANGE
Target $34
BMOC
Market Perform
Bank of America pullback provides a buying opportunity, says BMO Capital
BMO Capital analyst James Fotheringham says that the recent near-10% pullback in the Bank of America stock price provides investors with a buying opportunity. The analyst contends that the bank's stock trades much more closely in line with short term interest rates rather than the 10-year and believes that its net interest margins will prove to be "insensitive" to lower yields on the benchmark as well as higher LIBOR-OIS spreads. Fotheringham keeps his $34 price target and Market Perform rating on Bank of America, adding that its current two-year-forward P/E valuation multiple is close to its long-term historical average.
04/17/18
BMOC
04/17/18
NO CHANGE
Target $34
BMOC
Market Perform
Bank of America is the best of the 'big four' U.S. banks, says BMO Capital
BMO Capital analyst James Fotheringham kept his Market Perform rating and $34 price target on Bank of America (BAC) after its in-line Q1 earnings but raised his FY18 EPS view to $2.62 from $2.59 and FY19 view to $3.18 from $3.12. Fotheringham says than in contrast, he lowered earnings forecasts for JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) because of higher costs and lower revenues, but Bank of America's better than expected net interest income rise justifies his view of the bank as the "best of the bunch". The analyst also notes the bank's more favorable valuation trading at a below-average two-year-forward P/E multiple despite his forecast of double the core earnings growth rate of Bank of America's peers.
07/09/18
GSCO
07/09/18
NO CHANGE
GSCO
Bank of America, Morgan Stanley top ideas into Q2 earnings season, says Goldman Sachs
Goldman Sachs analyst Richard Ramsden expects Bank of America (BAC) and Morgan Stanley (MS) to beat consensus estimates in Q2. The analyst argues that both appear best positioned, while he sees risk for U.S. Bancorp (USB) and JPMorgan (JPM). Ramsden highlights Bank of America given the material valuation dislocation that looks to support the stock over time. Additionally, the analyst expects an expense and NII beat for Morgan Stanley.
AAPL Apple
$190.65

2.62 (1.39%)

07/10/18
BOFA
07/10/18
NO CHANGE
Target $230
BOFA
Buy
Apple price target raised to $230 on AR upside at BofA/Merrill
BofA Merrill Lynch analyst Wamsi Mohan said Augmented Reality, or AR, adoption is set to grow materially with Apple's launch of the ARKit 2. He sees AR adding $1B to Apple's revenue by the end of FY20 from App Store downloads alone and also thinks increased use of AR apps will help drive higher sales of iPhones. Given his bullish view of the AR opportunity, Mohan raised his price target on Apple shares to $230 from $225 and he keeps a Buy rating on the stock, calling AR "yet another competitive advantage" for the iPhone maker.
07/09/18
CHLM
07/09/18
NO CHANGE
Target $85
CHLM
Buy
Lumentum price target lowered to $85 from $90 at Craig-Hallum
Craig-Hallum analyst Richard Shannon lowered his price target for Lumentum (LITE) to $85 from $90, citing inventory overhang from the hard stop on Apple's (AAPL) iPhone X production, and improved module-level yields that drive temporarily lower VCSEL array bare die demand. The analyst reiterates a Buy rating on Lumentum's shares.
07/06/18
LOOP
07/06/18
NO CHANGE
Target $210
LOOP
Buy
Apple price target raised to $210 from $195 at Loop Capital
Loop Capital analyst Ananda Baruah raised his price target on Apple to $210, saying the stock is positioned "net-positively" for the second half of the year with momentum in its Services segment and the launch of a lower priced LCD-based iPhone X expected to be offered in September. The analyst also cites the company's capital return program, with its $100B buyback starting in the June quarter. Baruah kept his Buy rating on Apple.
07/10/18
CHLM
07/10/18
NO CHANGE
Target $30
CHLM
Buy
Possible eSim win with Apple coming for STMicroelectronics, says Craig-Hallum
Craig-Hallum analyst Anthony Stoss believes STMicroelectronics (STM) may have won a slot for its new eSIM combo chip in the upcoming new Apple (AAPL) iPhones to be launched this fall. Based on his checks, the analyst thinks it is likely that Apple will move to eSIM technology, though Apple could change that decision and keep carrier specific SIM cards. STMicroelectronics would be potentially knocking out NXP Semiconductors (NXPI) as the NFC supplier to Apple. Moreover, Stoss thinks STMicroelectronics continues to win new business at a "phenomenal pace," with several new high-volume wins still underappreciated by the Street. He reiterates a Buy rating and $30 price target on STMicroelectronics shares.
CZR Caesars
$11.33

0.025 (0.22%)

05/24/18
JPMS
05/24/18
INITIATION
Target $16
JPMS
Overweight
Caesars initiated with an Overweight at JPMorgan
JPMorgan analyst Dan Politzer started Caesars Entertainment with an Overweight rating and $16 price target. The company's Las Vegas Strip renovations should boost the average daily rate and improve customer mix, Politzer tells investors in a research note. He also sees opportunity for Caesars to improve margins at regional properties. The analyst views the stock as attractively valued at current levels.
05/24/18
05/24/18
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. Broadcom (AVGO) initiated with an Outperform at Evercore ISI. 2. Caesars (CZR) initiated with an Overweight at JPMorgan. 3. e.l.f. Beauty (ELF) initiated with an Outperform at Oppenheimer. 4. uniQure (QURE) initiated with a Buy at SunTrust. 5. Marinus Pharmaceuticals (MRNS) initiated with an Outperform at Baird. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/19/18
OPCO
06/19/18
NO CHANGE
Target $15
OPCO
Outperform
Caesars runway for growth remains strong, says Oppenheimer
Oppenheimer analyst Ian Zaffino said Caesars management sees significant upside from the legalization of sports betting, though they note the ramp could be mild. Management also remains confident Caesars can deliver above-market RevPAR growth and near-industry-leading margins. Following his management meetings, Zaffino remains bullish on Caesars and maintains an Outperform rating and $15 price target on the shares.
05/14/18
JEFF
05/14/18
NO CHANGE
JEFF
Jefferies says Penn National, Caesars among winners from sports gaming ruling
After the Supreme Court ruled that the PASPA provision prohibiting state authorization of organized sports gambling violates the tenth amendment, Jefferies analyst David Katz reiterated his view on which companies are positioned to be key beneficiaries of the decision. He continues to identify Penn National (PENN) and Caesars (CSR) as among the top winners in terms of casino operators, followed by Eldorado Resorts (ERI), Churchill Downs (CHDN), Boyd Gaming (BYD), Monarch Casino (MCRI), and MGM Resorts (MGM). He also sees "location-agnostic" suppliers Scientific Games (SGMS) and International Game (IGT) as winners, Katz tells investors.

TODAY'S FREE FLY STORIES

TWLO

Twilio

$76.26

1.27 (1.69%)

, SEND

SendGrid

$30.94

0.04 (0.13%)

20:13
10/15/18
10/15
20:13
10/15/18
20:13
Recommendations
Twilio, SendGrid analyst commentary  »

MUFG analyst 'fully…

TWLO

Twilio

$76.26

1.27 (1.69%)

SEND

SendGrid

$30.94

0.04 (0.13%)

03/08/13
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  • 06

    Nov

PANW

Palo Alto Networks

$209.49

-2.51 (-1.18%)

20:07
10/15/18
10/15
20:07
10/15/18
20:07
Recommendations
Palo Alto Networks analyst commentary  »

Palo Alto Networks'…

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    Dec

SVA

Sinovac Biotech

$7.16

-0.03 (-0.42%)

20:03
10/15/18
10/15
20:03
10/15/18
20:03
Hot Stocks
Sinovac Biotech commences legal proceedings in Hong Kong »

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NWN

Northwest Natural Gas

$67.70

0.36 (0.53%)

20:01
10/15/18
10/15
20:01
10/15/18
20:01
Hot Stocks
Northwest Natural Water unit to buy Sunriver Water LLC, terms not stated »

NW Natural Water Company,…

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03/08/13
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03/06/13
Barclays

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  • 06

    Nov

VFC

VF Corp.

$87.65

0.11 (0.13%)

19:53
10/15/18
10/15
19:53
10/15/18
19:53
Initiation
VF Corp. initiated  »

VF Corp. initiated with a…

03/08/13
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03/08/13
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03/06/13
Barclays

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  • 19

    Oct

LVS

Las Vegas Sands

$55.84

-0.32 (-0.57%)

19:39
10/15/18
10/15
19:39
10/15/18
19:39
Upgrade
Las Vegas Sands rating change  »

Las Vegas Sands upgraded…

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03/06/13
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OXY

Occidental Petroleum

$72.24

-4.69 (-6.10%)

19:37
10/15/18
10/15
19:37
10/15/18
19:37
Recommendations
Occidental Petroleum analyst commentary  »

Occidental Petroleum…

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  • 06

    Nov

AVMXY

Avita Medical

$0.00

(0.00%)

19:24
10/15/18
10/15
19:24
10/15/18
19:24
Hot Stocks
Avita Medical announces Recell trial results presentation »

AVITA Medical announced…

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FB

Facebook

$153.56

-0.2 (-0.13%)

19:16
10/15/18
10/15
19:16
10/15/18
19:16
Hot Stocks
Facebook confirms expanding policies on voter suppression »

Facebook said in a blog…

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  • 28

    Oct

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    Oct

  • 07

    Nov

JBHT

J.B. Hunt

$111.78

2.52 (2.31%)

, SEND

SendGrid

$30.94

0.04 (0.13%)

18:58
10/15/18
10/15
18:58
10/15/18
18:58
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: J.B.…

JBHT

J.B. Hunt

$111.78

2.52 (2.31%)

SEND

SendGrid

$30.94

0.04 (0.13%)

TWLO

Twilio

$76.26

1.27 (1.69%)

HQCL

Hanwah Q Cells

$8.20

-0.13 (-1.56%)

ADBE

Adobe

$238.05

-10.84 (-4.36%)

CRY

CryoLife

$30.64

0.42 (1.39%)

TRQ

Turquoise Hill

$1.96

-0.015 (-0.76%)

JELD

Jeld-Wen

$21.31

-0.04 (-0.19%)

TTOO

T2 Biosystems

$5.30

0.17 (3.31%)

ACRS

Aclaris Therapeutics

$13.38

-0.21 (-1.55%)

AGN

Allergan

$183.03

-0.275 (-0.15%)

PANW

Palo Alto Networks

$209.49

-2.51 (-1.18%)

SNAP

Snap

$7.41

0.225 (3.13%)

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

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  • 15

    Oct

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    Oct

  • 15

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    Oct

  • 25

    Oct

  • 30

    Oct

  • 06

    Nov

  • 06

    Nov

  • 07

    Nov

  • 27

    Nov

  • 10

    Dec

SHLD

Sears

$0.31

-0.0901 (-22.52%)

18:43
10/15/18
10/15
18:43
10/15/18
18:43
Hot Stocks
Sears receives court approval of 'first day' motions to support business ops »

Sears Holdings…

03/08/13
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03/06/13
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WAB

Wabtec

$97.03

1.63 (1.71%)

18:38
10/15/18
10/15
18:38
10/15/18
18:38
Upgrade
Wabtec rating change  »

Wabtec upgraded to…

03/08/13
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  • 06

    Nov

  • 14

    Nov

TGE

Tallgrass Energy

$23.73

0.17 (0.72%)

18:30
10/15/18
10/15
18:30
10/15/18
18:30
Hot Stocks
Tallgrass Energy, Silver Creek Midstream to expand Powder River Basin JV »

Tallgrass Energy and…

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03/06/13
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03/06/13
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DIS

Disney

$113.47

0.86 (0.76%)

, GOOG

Alphabet

$1,092.00

-18.93 (-1.70%)

18:21
10/15/18
10/15
18:21
10/15/18
18:21
Hot Stocks
Disney-backed Jaunt to focus efforts on AR, says some staff will be 'moving on' »

Jaunt, a top-funded VR…

DIS

Disney

$113.47

0.86 (0.76%)

GOOG

Alphabet

$1,092.00

-18.93 (-1.70%)

GOOGL

Alphabet Class A

$1,101.58

-19.41 (-1.73%)

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

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  • 16

    Oct

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    Oct

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    Oct

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    Oct

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    Oct

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    Oct

  • 07

    Nov

  • 08

    Nov

  • 03

    Mar

HMC

Honda

$27.05

-0.16 (-0.59%)

18:19
10/15/18
10/15
18:19
10/15/18
18:19
Hot Stocks
Honda to recall 54 model year 2017-2018 Honda Civic and Honda CR-V vehicles »

American Honda will…

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

    Oct

MSFT

Microsoft

$107.60

-1.94 (-1.77%)

18:15
10/15/18
10/15
18:15
10/15/18
18:15
Hot Stocks
Microsoft co-founder Paul Allen dead at 65 »

Vulcan Inc. released…

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03/08/13
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Citigroup
03/06/13
Barclays

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  • 16

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  • 24

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  • 13

    Nov

  • 28

    Nov

  • 03

    Mar

OII

Oceaneering

$25.69

0.4 (1.58%)

18:15
10/15/18
10/15
18:15
10/15/18
18:15
Hot Stocks
Oceaneering provides update following Hurricane Michael »

Oceaneering International…

03/08/13
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  • 25

    Oct

JOE

Saint Joe Co.

$15.28

0.01 (0.07%)

18:07
10/15/18
10/15
18:07
10/15/18
18:07
Hot Stocks
Saint Joe released additional information regarding Hurricane Michael »

The St. Joe Company …

03/08/13
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PBR

Petrobras

$15.41

0.055 (0.36%)

18:05
10/15/18
10/15
18:05
10/15/18
18:05
Periodicals
Petrobras anticipates reviving TAG sale over next month, Reuters says »

Petrobras expects to…

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

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ADBE

Adobe

$238.05

-10.84 (-4.36%)

18:02
10/15/18
10/15
18:02
10/15/18
18:02
Hot Stocks
Adobe says it sees increased demand for PDF capabilities »

Says it has over 300,000…

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

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  • 15

    Oct

GOOG

Alphabet

$1,092.00

-18.93 (-1.70%)

, GOOGL

Alphabet Class A

$1,101.58

-19.41 (-1.73%)

18:02
10/15/18
10/15
18:02
10/15/18
18:02
Periodicals
Google's Greene will not attend Saudi Aarabia summit, Bloomberg says »

Diane Greene, who runs…

GOOG

Alphabet

$1,092.00

-18.93 (-1.70%)

GOOGL

Alphabet Class A

$1,101.58

-19.41 (-1.73%)

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

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  • 16

    Oct

  • 21

    Oct

  • 25

    Oct

  • 25

    Oct

  • 28

    Oct

  • 07

    Nov

  • 03

    Mar

CE

Celanese

$97.99

-0.685 (-0.69%)

18:01
10/15/18
10/15
18:01
10/15/18
18:01
Hot Stocks
Celanese unveils Customer Options Mapping approach to customer engagement »

Celanese announced its…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 19

    Oct

OPGN

OpGen

$1.91

-0.01 (-0.52%)

17:57
10/15/18
10/15
17:57
10/15/18
17:57
Hot Stocks
OpGen selected to participate in AMR surveillance initiative during Q3 »

OpGen continues to make…

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

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OPGN

OpGen

$1.91

-0.01 (-0.52%)

17:45
10/15/18
10/15
17:45
10/15/18
17:45
Earnings
OpGen says preliminary Q3 revenue $550K vs. $750K in Q317 »

Total preliminary…

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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TPX

Tempur Sealy

$47.87

0.03 (0.06%)

, SHLD

Sears

$0.31

-0.0901 (-22.52%)

17:44
10/15/18
10/15
17:44
10/15/18
17:44
Hot Stocks
Tempur Sealy: Sears represented less than 5% of company's global net sales »

In connection with the…

TPX

Tempur Sealy

$47.87

0.03 (0.06%)

SHLD

Sears

$0.31

-0.0901 (-22.52%)

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