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GM

General Motors

$39.48

0.22 (0.56%)

07:46
07/25/18
07/25
07:46
07/25/18
07:46

Technical Take: General Motors falls after earnings and outlook

The shares were last at $37.40 in the pre-market, trading down over 5.2% following earnings and outlook. At current price next support is at $36.78. Resistance is at $38.77.

  • 25

    Jul

GM General Motors
$39.48

0.22 (0.56%)

07/10/18
RBCM
07/10/18
NO CHANGE
Target $53
RBCM
Outperform
General Motors price target raised to $53 at RBC Capital
RBC Capital analyst Joseph Spak kept his Outperform rating on General Motors (GM) and nudged his price target to $53 from $52, saying the recent $2.25B investment by Softbank (SFTBF) adds validation to the company's GM Cruise robo-taxi offering plans. Aside from the validation, Spak notes that the investment "provides capital to reach scale commercialization, affords GM capital allocation flexibility, and unlocks GM share price value as Cruise around $7 per share."
07/20/18
JPMS
07/20/18
NO CHANGE
JPMS
Overweight
JPMorgan says buy GM, sell Tesla into Q2 earnings reports
JPMorgan analyst Ryan Brinkman forecasts lower than consensus Q2 earnings for Ford (F) and higher than Street earnings for General Motors (GM). Both companies are likely to be impacted by higher commodity costs during the quarter, although the decline in spot prices subsequent to the quarter should limit impact to the full year, Brinkman tells investors in a research note previewing the Q2 earnings for the automakers. The analyst is also concerned about the potential for a "large loss and accompanying large cash outflow" at Tesla in Q2 to "make the bridge" to GAAP profitability and positive cash generation in the second half of the year. Brinkman maintains Overweight ratings on GM and Ford, with a preference for GM shares. He also keeps his cautious Underweight rating on Tesla shares, seeing 44% downside to his $180 December 2018 price target.
07/20/18
07/20/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BOFA CUTS YUM CHINA TO UNDERPERFORM: BofA Merrill Lynch analyst Chen Luo downgraded Yum China (YUMC) to Underperform from Neutral and cut its price target to $34 from $44.30. Luo said he expects Yum China to continue to underperform given a likely peak in KFC trends amid China's weakening macro environment, a likely prolonged turnaround at Pizza Hut combined with heavy costs, a slowdown in Chinese consumer consumption, and RMB depreciation. Yum China is down 4.8% in late morning trading. CREDIT SUISSE CUTS FIVE BELOW TO NEUTRAL: Credit Suisse analyst Judah Frommer downgraded Five Below (FIVE) to Neutral from Outperform, telling investors that he is moving to the sidelines as he sees risk/reward balanced at current levels given the stock's material outperformance and back-half comp acceleration that he believes is priced into shares. Frommer keeps his $110 price target and says Five Below remains one of the most differentiated concepts in retail. Five Below is down 4.4% in late morning trading. BAIRD MORE CAUTIOUS ON DRUG SUPPLY CHAIN: Baird analyst Eric Coldwell downgraded Express Scripts (ESRX), AmerisourceBergen (ABC), and McKesson (MCK), all to Neutral from Outperform, citing the heavy political attack in recent weeks against pharmacy benefit managers and members of the drug supply chain. Among them, he said AmerisourceBergen remains his preferred name, but he cannot justify putting new money to work in these names in the current environment. SUNTRUST STARTS VIKING WITH A BUY: SunTrust analyst Edward Nash initiated Viking Therapeutics (VKTX) with a Buy rating and a price target of $14, saying its VK2809 drug for lipid disorders "has the potential to become a promising treatment by addressing multiple metabolic issues" associated with the non-alcoholic steatohepatitis disease, or NASH. Viking is up 8.3% in late morning trading. JPMORGAN SAYS BUY GM, SELL TESLA INTO EARNINGS: JPMorgan analyst Ryan Brinkman forecast lower than consensus Q2 earnings for Ford (F) and higher than consensus earnings for General Motors (GM). The analyst is also concerned about the potential for a "large loss and accompanying large cash outflow" at Tesla (TSLA) in Q2 to "make the bridge" to GAAP profitability and positive cash generation in the second half of the year. Brinkman maintained Overweight ratings on GM and Ford, with a preference for GM shares. He also kept his cautious Underweight rating on Tesla shares, seeing 44% downside to his $180 December 2018 price target.
07/24/18
PIPR
07/24/18
NO CHANGE
Target $57
PIPR
Overweight
General Motors outperforming Ford in China, says Piper Jaffray
While both would suffer in a trade war, it is clear that General Motors (GM) is outperforming Ford (F) in China, Piper Jaffray analyst Alexander Potter tells investors in a research note. The analyst views GM's China business as stable, with a growing presence in luxury. He thinks Cadillac represented 16.7% of GM's Q2 revenue in China, versus 13.6% in 2017, which should boost margins. Until its "new product blitz gains momentum, Ford's China business will likely continue bleeding," Potter contends. He notes the company's Ford's retail sales in China declined by 38% year-over-year in June. The analyst keeps an Overweight rating on GM and a Neutral rating on Ford.

TODAY'S FREE FLY STORIES

MNK

Mallinckrodt

$8.19

-0.23 (-2.73%)

17:24
07/16/19
07/16
17:24
07/16/19
17:24
Hot Stocks
Breaking Hot Stocks news story on Mallinckrodt »

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  • 06

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  • 09

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MNK

Mallinckrodt

$8.19

-0.23 (-2.73%)

17:23
07/16/19
07/16
17:23
07/16/19
17:23
Hot Stocks
Mallinckrodt halts Phase 2B trial investigating use of Acthar gel in ALS »

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  • 06

    Aug

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    Sep

LNG

Cheniere Energy

$67.77

-0.66 (-0.96%)

17:22
07/16/19
07/16
17:22
07/16/19
17:22
Initiation
Cheniere Energy initiated  »

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CSII

Cardiovascular Systems

$44.00

-1.9 (-4.14%)

17:20
07/16/19
07/16
17:20
07/16/19
17:20
Downgrade
Cardiovascular Systems rating change  »

Cardiovascular Systems…

03/08/13
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  • 18

    Jul

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  • 12

    Sep

TELL

Tellurian

$7.68

-0.1 (-1.29%)

17:18
07/16/19
07/16
17:18
07/16/19
17:18
Downgrade
Tellurian rating change  »

Tellurian downgraded to…

03/08/13
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  • 16

    Jul

  • 17

    Jul

GDDY

GoDaddy

$73.63

0.58 (0.79%)

17:05
07/16/19
07/16
17:05
07/16/19
17:05
Hot Stocks
GoDaddy Chief Accounting Officer Rebecca Morrow resigns »

In a regulatory filing,…

03/08/13
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  • 01

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NUS

Nu Skin

$45.50

1.44 (3.27%)

17:05
07/16/19
07/16
17:05
07/16/19
17:05
Hot Stocks
Breaking Hot Stocks news story on Nu Skin »

Nu Skin falls over 14% to…

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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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NUS

Nu Skin

$45.50

1.44 (3.27%)

17:05
07/16/19
07/16
17:05
07/16/19
17:05
Earnings
Nu Skin cuts FY19 EPS view to $3.20-$3.35 from $3.80-$4.05, consensus $3.95 »

Cuts FY19 revenue view to…

03/08/13
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NUS

Nu Skin

$45.50

1.44 (3.27%)

17:03
07/16/19
07/16
17:03
07/16/19
17:03
Earnings
Nu Skin cuts Q2 EPS view to 82c-84c from 91c-98c, consensus 94c »

Cuts Q2 revenue view to…

03/08/13
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03/06/13
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TCEHY

Tencent

$0.00

(0.00%)

, ATVI

Activision Blizzard

$46.98

-0.67 (-1.41%)

16:58
07/16/19
07/16
16:58
07/16/19
16:58
Periodicals
Drake's esports team raises $35M, NY Post says »

According to a story from…

TCEHY

Tencent

$0.00

(0.00%)

ATVI

Activision Blizzard

$46.98

-0.67 (-1.41%)

NTES

NetEase

$259.36

3.01 (1.17%)

EA

Electronic Arts

$89.57

-2.65 (-2.87%)

NVDA

Nvidia

$167.06

-0.18 (-0.11%)

AMD

AMD

$33.82

-0.57 (-1.66%)

MSFT

Microsoft

$137.08

-1.86 (-1.34%)

NTDOY

Nintendo

$0.00

(0.00%)

TTWO

Take-Two

$117.49

0.47 (0.40%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 16

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  • 05

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  • 13

    Nov

CSII

Cardiovascular Systems

$44.00

-1.9 (-4.14%)

16:57
07/16/19
07/16
16:57
07/16/19
16:57
Downgrade
Cardiovascular Systems rating change  »

Cardiovascular Systems…

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

  • 06

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  • 09

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  • 12

    Sep

UAL

United Continental

$94.00

2.7 (2.96%)

16:54
07/16/19
07/16
16:54
07/16/19
16:54
Hot Stocks
Breaking Hot Stocks news story on United Continental »

United Continental sees…

03/08/13
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  • 17

    Jul

UAL

United Continental

$94.00

2.7 (2.96%)

16:53
07/16/19
07/16
16:53
07/16/19
16:53
Hot Stocks
United Continental sees Q3 total mainline aircraft of 804 »

Sees Q3 total regional…

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03/08/13
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03/06/13
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  • 17

    Jul

UAL

United Continental

$94.00

2.7 (2.96%)

16:50
07/16/19
07/16
16:50
07/16/19
16:50
Hot Stocks
United Continental sees FY19 consolidated capacity growth 3%-4% y/y »

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  • 17

    Jul

FARO

Faro Technologies

$46.95

-1.27 (-2.63%)

16:47
07/16/19
07/16
16:47
07/16/19
16:47
Hot Stocks
FARO names Allen Muhich CFO »

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HWC

Hancock Whitney

$38.70

0.28 (0.73%)

16:47
07/16/19
07/16
16:47
07/16/19
16:47
Earnings
Hancock Whitney reports Q2 EPS $1.01, consensus $1.00 »

Reports Q2 NII $219.9M…

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03/08/13
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  • 17

    Jul

  • 23

    Sep

UAL

United Continental

$94.00

2.7 (2.96%)

16:44
07/16/19
07/16
16:44
07/16/19
16:44
Hot Stocks
United Continental sees Q3 capacity growth 2%-3% y/y »

Sees Q3: Adjusted pre-tax…

03/08/13
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  • 17

    Jul

16:39
07/16/19
07/16
16:39
07/16/19
16:39
General news
API crude inventories for week of July 12 »

API reports that crude…

HOPE

Hope Bancorp

$13.96

0.2 (1.45%)

16:37
07/16/19
07/16
16:37
07/16/19
16:37
Earnings
Hope Bancorp reports Q2 EPS 34c, consensus 34c »

Net interest income…

03/08/13
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  • 17

    Jul

INO

Inovio

$3.00

0.05 (1.69%)

16:35
07/16/19
07/16
16:35
07/16/19
16:35
Hot Stocks
Breaking Hot Stocks news story on Inovio 

Inovio trading resumes

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IMRN

Immuron

$4.27

1.43 (50.35%)

16:32
07/16/19
07/16
16:32
07/16/19
16:32
Syndicate
Immuron files to sell American Depositary Shares, no amount given »

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JPM

JPMorgan

$115.10

1.23 (1.08%)

, GS

Goldman Sachs

$215.57

4.02 (1.90%)

16:32
07/16/19
07/16
16:32
07/16/19
16:32
On The Fly
Fly Intel: Wall Street's top stories for Tuesday »

The major averages were…

JPM

JPMorgan

$115.10

1.23 (1.08%)

GS

Goldman Sachs

$215.57

4.02 (1.90%)

JNJ

Johnson & Johnson

$132.46

-2.21 (-1.64%)

WFC

Wells Fargo

$45.30

-1.4 (-3.00%)

ARW

Arrow Electronics

$67.67

-1.15 (-1.67%)

TSLA

Tesla

$252.38

-1.03 (-0.41%)

APRN

Blue Apron

$10.33

2.68 (35.03%)

BYND

Beyond Meat

$172.50

5.9 (3.54%)

JBHT

J.B. Hunt

$97.76

5.26 (5.69%)

QTT

Qutoutiao

$4.31

-0.22 (-4.86%)

DPZ

Domino's Pizza

$246.55

-23.42 (-8.68%)

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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  • 16

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    Nov

PBYI

Puma Biotechnology

$10.78

-0.42 (-3.75%)

16:32
07/16/19
07/16
16:32
07/16/19
16:32
Hot Stocks
Knight says Health Canada approves NERLYNX for early-stage breast cancer »

Knight Therapeutics…

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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FULT

Fulton Financial

$16.31

0.11 (0.68%)

16:31
07/16/19
07/16
16:31
07/16/19
16:31
Earnings
Fulton Financial reports Q2 EPS 35c, consensus 34c »

Net interest income for…

03/08/13
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03/06/13
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  • 17

    Jul

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  • 07

    Aug

  • 03

    Sep

  • 05

    Sep

WAIR

Wesco Aircraft

$10.84

0.085 (0.79%)

16:30
07/16/19
07/16
16:30
07/16/19
16:30
Hot Stocks
Wesco Aircraft expans business with GKN Aerospace »

Wesco Aircraft Holdings,…

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