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AAPL

Apple

$190.40

-0.25 (-0.13%)

, MSFT

Microsoft

$102.06

0.16 (0.16%)

17:28
07/10/18
07/10
17:28
07/10/18
17:28

Technical Take: SPDR S&P 500 ETF breaks regular session lows after hours

In the extended session the SPDR S&P 500 ETF (SPY) was down over 0.4% to $277.65, breaking the regular session low of $278.08. Apple (AAPL) and Microsoft (MSFT) shares are notably weak among heavily-weighted names. This may be related to a report that Microsoft is set to eliminate some international sales jobs as earlier reported after the close by CNBC. The weakness in Apple shares may be related to a report from Reuters that a former Apple employee is being charged with criminal theft of trade secrets relating to self-driving vehicles.

AAPL

Apple

$190.40

-0.25 (-0.13%)

MSFT

Microsoft

$102.06

0.16 (0.16%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$278.82

0.94 (0.34%)

  • 19

    Jul

  • 08

    Aug

  • 04

    Sep

AAPL Apple
$190.40

-0.25 (-0.13%)

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.
07/09/18
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.
07/10/18
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.
07/10/18
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.
MSFT Microsoft
$102.06

0.16 (0.16%)

06/25/18
06/25/18
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. BorgWarner (BWA) upgraded to Buy from Neutral at Goldman Sachs with analyst David Tamberrino saying he believes the company will outperform supplier peers late in the North American auto cycle. 2. Norfolk Southern (NSC) upgraded to Buy from Neutral at Citi with analyst Christian Wetherbee stating that he sees solid upside to consensus estimates and the potential for multiple appreciation based on "sustainably better" free cash flow. 3. Quest Diagnostics (DGX) upgraded to Overweight from Equal Weight at Barclays with analyst Jack Meehan citing the company's "very favorable" risk-reward profile and current levels. 4. Ciena (CIEN) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Meta Marshall saying recent meetings with management give her confidence that revenue momentum can persist at least for the next year. 5. Microsoft (MSFT) upgraded to Overweight from Neutral at Atlantic Equities with analyst James Cordwell stating the company has successfully managed the cloud transition, while expanding its addressable market, and should now be a primary beneficiary of enterprises undertaking digital transformations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/25/18
ATLE
06/25/18
UPGRADE
Target $125
ATLE
Overweight
Microsoft upgraded to Overweight on long-term growth at Atlantic Equities
Atlantic Equities analyst James Cordwell assumed coverage on Microsoft with an Overweight rating, from a Neutral rating, and a $125 price target. Cordwell said Microsoft has successfully managed the cloud transition, while expanding its addressable market, and should now be a primary beneficiary of enterprises undertake digital transformations. The analyst expects Azure, the cloud platform, to drive 40% of Microsoft's incremental 2018-2021 gross profit , with Office 365 adding 35%, and the legacy server business remaining robust due to hybrid cloud deployments.
06/25/18
ATLE
06/25/18
UPGRADE
ATLE
Overweight
Microsoft upgraded to Overweight from Neutral at Atlantic Equities
06/13/18
UBSW
06/13/18
NO CHANGE
Target $114
UBSW
Buy
Microsoft trading at discount to peers, says UBS
UBS analyst Jennifer Swanson Lowe believes Microsoft's current price undervalues both the emerging Cloud story and the durable on-premise legacy businesses. The analyst said Microsoft content is taking center stage as it acquired four game studios and formed a fifth. She also believes the strength of the Azure platform can be a differentiator for the company. Lowe reiterated her Buy rating and $114 price target on Microsoft shares.
SPX S&P 500
$0.00

(0.00%)

12/11/17
OPCO
12/11/17
NO CHANGE
OPCO
Oppenheimer initiates S&P 500 price target of $3,000 in 2018 on outlook
Oppenheimer has initiated an S&P 500 price target of $3,000 in 2018 as it believes the fundamentals - both economic growth and corporate earnings - will likely improve further in 2018. Its price target and earnings estimate do not include any assumptions about what tax reform might ultimately look like.
01/23/18
BOFA
01/23/18
NO CHANGE
BOFA
S&P 500 2018 year target raised to 3,000 from 2,800 at BofA/Merrill
04/02/18
MSCO
04/02/18
NO CHANGE
MSCO
Utilities view lowered to Equal Weight at Morgan Stanley
Morgan Stanley equity strategist Michael Wilson said he thinks many of the risks facing the market have now been priced in and he sees value in the S&P, which is currently at the low end of his target near-term range ahead of what will likely be a strong Q1 earnings season. However, he is moving the Utilities sector to Equal Weight from Overweight, stating that this is not a sell call for those who recently bought the stocks but that a tactical overweight after recent relative outperformance no longer makes sense.
07/09/18
MSCO
07/09/18
NO CHANGE
MSCO
Morgan Stanley suggests getting more defensive, downgrades Tech to underweight
Morgan Stanley equity strategist Michael Wilson believes the S&P 500 could trade to 2,800-2,825 in the "very near-term," but is recommending investors use such a move higher to reduce portfolio beta and risk as he continues to expect an "aggressive rotation" toward defensive sectors at some point. Given his view of a growing probability for sustained defensive leadership, Wilson downgraded Small caps to equal weight and Technology to underweight. He also upgraded Consumer Staples and Telecom Services to equal weight from underweight.
SPY SPDR S&P 500 ETF Trust
$278.82

0.94 (0.34%)

TODAY'S FREE FLY STORIES

02:40
07/20/18
07/20
02:40
07/20/18
02:40
General news
FX Update: The Dollar has been trading with a softer bias »

FX Update: The Dollar has…

02:35
07/20/18
07/20
02:35
07/20/18
02:35
General news
China bourses in late rally after yuan devaluation »

China bourses in late…

01:50
07/20/18
07/20
01:50
07/20/18
01:50
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The PBoC devalued the Yuan »

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01:45
07/20/18
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07/20/18
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General news
Asian Market Outlook: »

Asian Market Outlook:…

23:55
07/19/18
07/19
23:55
07/19/18
23:55
General news
Japan's core CPI improved to a 0.8% pace in June »

Japan's core CPI…

YUMC

Yum China

$36.00

-0.8 (-2.17%)

20:46
07/19/18
07/19
20:46
07/19/18
20:46
Downgrade
Yum China rating change at BofA/Merrill »

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MRSN

Mersana Therapeutics

$11.24

-5.275 (-31.95%)

20:45
07/19/18
07/19
20:45
07/19/18
20:45
Downgrade
Mersana Therapeutics rating change at Leerink »

Mersana Therapeutics…

03/08/13
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GE

General Electric

$13.73

-0.02 (-0.15%)

, HON

Honeywell

$147.57

-1.58 (-1.06%)

20:25
07/19/18
07/19
20:25
07/19/18
20:25
Earnings
Notable companies reporting before tomorrow's openGentex »

Notable companies…

GE

General Electric

$13.73

-0.02 (-0.15%)

HON

Honeywell

$147.57

-1.58 (-1.06%)

SLB

Schlumberger

$66.91

-0.16 (-0.24%)

BHGE

Baker Hughes

$31.75

-0.79 (-2.43%)

STT

State Street

$92.84

-2.505 (-2.63%)

VFC

VF Corp.

$89.21

1 (1.13%)

STI

SunTrust

$69.00

-0.85 (-1.22%)

SWK

Stanley Black & Decker

$139.60

1.33 (0.96%)

RF

Regions Financial

$17.62

-0.43 (-2.38%)

CFG

Citizens Financial

$40.66

-0.365 (-0.89%)

KSU

Kansas City Southern

$108.48

1.93 (1.81%)

GNTX

Gentex

$23.41

-0.41 (-1.72%)

03/08/13
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03/06/13
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    Jul

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    Jul

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    Jul

  • 08

    Aug

  • 19

    Oct

ISRG

Intuitive Surgical

$521.30

-6.37 (-1.21%)

20:11
07/19/18
07/19
20:11
07/19/18
20:11
Recommendations
Intuitive Surgical analyst commentary  »

Intuitive Surgical…

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  • 19

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    Aug

CDNS

Cadence Design

$45.24

-0.29 (-0.64%)

20:04
07/19/18
07/19
20:04
07/19/18
20:04
Hot Stocks
Cadence Design announces Sigrity 2018 release »

Cadence Design announced…

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  • 23

    Jul

AVA

Avista

$50.40

0.06 (0.12%)

19:33
07/19/18
07/19
19:33
07/19/18
19:33
Hot Stocks
Idaho Public Utilities Commission postpones Avista and Hydro One merger hearing »

Hydro One Limited and…

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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  • 01

    Aug

CRK

Comstock Resources

$11.35

-0.2 (-1.73%)

19:28
07/19/18
07/19
19:28
07/19/18
19:28
Hot Stocks
Comstock Resources acquires Haynesville shale assets for $31M »

Comstock Resources, …

03/08/13
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  • 08

    Aug

GRPN

Groupon

$4.76

0.04 (0.85%)

, IBM

IBM

$149.25

4.81 (3.33%)

19:16
07/19/18
07/19
19:16
07/19/18
19:16
Periodicals
Groupon lawyer says IBM shakes down other tech companies, Reuters says »

A lawyer for Groupon…

GRPN

Groupon

$4.76

0.04 (0.85%)

IBM

IBM

$149.25

4.81 (3.33%)

03/08/13
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03/06/13
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03/06/13
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  • 06

    Aug

WDC

Western Digital

$77.45

-1.33 (-1.69%)

19:06
07/19/18
07/19
19:06
07/19/18
19:06
Hot Stocks
Western Digital begins sampling 1.33 terrabit 3D NAND »

Western Digital announced…

03/08/13
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03/06/13
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  • 26

    Jul

CE

Celanese

$109.84

-1.17 (-1.05%)

, LLNW

Limelight Networks

$4.69

-0.04 (-0.85%)

19:04
07/19/18
07/19
19:04
07/19/18
19:04
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

CE

Celanese

$109.84

-1.17 (-1.05%)

LLNW

Limelight Networks

$4.69

-0.04 (-0.85%)

ISRG

Intuitive Surgical

$521.30

-6.37 (-1.21%)

MSFT

Microsoft

$104.70

-0.38 (-0.36%)

SWKS

Skyworks

$102.46

0.41 (0.40%)

COF

Capital One

$95.32

-1.77 (-1.82%)

ETFC

E-Trade

$61.20

-1.94 (-3.07%)

PTCT

PTC Therapeutics

$36.61

1.59 (4.54%)

RWT

Redwood Trust

$16.64

0.135 (0.82%)

AEP

American Electric

$70.65

0.41 (0.58%)

WEC

WEC Energy

$65.23

0.51 (0.79%)

SKX

Skechers

$33.24

0.61 (1.87%)

FTD

FTD Companies

$4.52

0.06 (1.35%)

ZYNE

Zynerba

$10.40

0.24 (2.36%)

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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  • 14

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  • 04

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  • 20

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BG

Bunge

$67.99

-0.43 (-0.63%)

19:04
07/19/18
07/19
19:04
07/19/18
19:04
Periodicals
Bunge in talks to sell part of sugar trading unit to Wilmar, Bloomberg says »

Bunge is in discussions…

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  • 01

    Aug

PEG

PSEG

$52.18

0.42 (0.81%)

18:42
07/19/18
07/19
18:42
07/19/18
18:42
Downgrade
PSEG rating change at Goldman Sachs »

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WEC

WEC Energy

$65.23

0.51 (0.79%)

18:41
07/19/18
07/19
18:41
07/19/18
18:41
Upgrade
WEC Energy rating change at Goldman Sachs »

WEC Energy upgraded to…

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AEP

American Electric

$70.65

0.41 (0.58%)

18:41
07/19/18
07/19
18:41
07/19/18
18:41
Upgrade
American Electric rating change at Goldman Sachs »

American Electric…

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  • 25

    Jul

ETR

Entergy

$80.97

0.465 (0.58%)

18:40
07/19/18
07/19
18:40
07/19/18
18:40
Upgrade
Entergy rating change at Goldman Sachs »

Entergy upgraded to Buy…

03/08/13
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03/06/13
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03/06/13
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LLY

Eli Lilly

$89.45

-0.6 (-0.67%)

, INCY

Incyte

$70.10

-0.3 (-0.43%)

18:33
07/19/18
07/19
18:33
07/19/18
18:33
Hot Stocks
Lancet study shows benefit of Baricitinib 4 mg for treatment of SLE »

Eli Lilly (LLY) and…

LLY

Eli Lilly

$89.45

-0.6 (-0.67%)

INCY

Incyte

$70.10

-0.3 (-0.43%)

03/08/13
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03/06/13
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03/06/13
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  • 24

    Jul

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    Jul

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T

AT&T

$31.27

-0.46 (-1.45%)

18:20
07/19/18
07/19
18:20
07/19/18
18:20
Periodicals
U.S. court clears expedited appeal of AT&T-Time Warner deal, Reuters says »

A federal appeals court…

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  • 24

    Jul

  • 09

    Aug

VLKAY

Volkswagen

$0.00

(0.00%)

18:17
07/19/18
07/19
18:17
07/19/18
18:17
Periodicals
VW to furlough roughly 1,000 workers at biggest factory in Brazil, Reuters says »

Volkswagen intends to…

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GOOG

Alphabet

$1,187.14

-8.67 (-0.73%)

, GOOGL

Alphabet Class A

$1,199.26

-13.38 (-1.10%)

18:09
07/19/18
07/19
18:09
07/19/18
18:09
Periodicals
Google faces uphill but not insurmountable fight to appeal EU fine, WSJ says »

Google (GOOG) parent…

GOOG

Alphabet

$1,187.14

-8.67 (-0.73%)

GOOGL

Alphabet Class A

$1,199.26

-13.38 (-1.10%)

INTC

Intel

$52.01

0.3 (0.58%)

03/08/13
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03/06/13
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03/06/13
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  • 23

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  • 23

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    Oct

NWE

NorthWestern

$58.29

0.56 (0.97%)

18:03
07/19/18
07/19
18:03
07/19/18
18:03
Earnings
Breaking Earnings news story on NorthWestern »

NorthWestern reaffirms…

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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  • 20

    Jul

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