Breaking News Instant updates and real-time market news.

QCOM

Qualcomm

$58.91

0.05 (0.08%)

, NXPI

NXP Semiconductors

$96.25

-4.42 (-4.39%)

16:04
07/25/18
07/25
16:04
07/25/18
16:04

Qualcomm to terminate deal to acquire NXP when it expires end of day

QCOM

Qualcomm

$58.91

0.05 (0.08%)

NXPI

NXP Semiconductors

$96.25

-4.42 (-4.39%)

  • 25

    Jul

  • 25

    Jul

  • 07

    Aug

QCOM Qualcomm
$58.91

0.05 (0.08%)

07/23/18
DBAB
07/23/18
NO CHANGE
Target $60
DBAB
Hold
Qualcomm price target raised to $60 from $55 at Deutsche Bank
Deutsche Bank analyst Ross Seymore raised his price target for Qualcomm (QCOM) shares to $60 after concluding that removal of the uncertainty from the NXP Semiconductors (NXPI) deal likely leads to incremental upside in either scenario. The analyst says he has no way of assigning probabilities of deal approval given the politically charged nature of the pending regulatory ruling from China's State Administration for Market Regulation. This week holds a number of significant catalysts/risks for both companies as the purchase agreement deadline and Qualcomm's Q3 earnings report are on Wednesday, Seymore tells investors in a research note. Seymore keeps Hold ratings on both Qualcomm and NXP.
07/23/18
MSCO
07/23/18
NO CHANGE
MSCO
Tariff uncertainty a potential risk to semiconductor demand, says Morgan Stanley
Morgan Stanley analyst Joseph Moore said the firm's quarterly survey of distributors leads him to expect "solid" Q2 results and Q3 guidance from broad-based semiconductor companies this earnings season as demand remains strong. However, the present tariff related uncertainty present a risk for a "demand shock" that could lead to an inventory unwind in the semi supply chain, Moore warns investors. He thinks the potential of further semi stock outperformance is limited at this stage of the cycle, while "even the slightest whiff on the demand front" could lead to a significant decline in stocks, he tells investors. Moore added that he favors companies with more defensive characteristics, such as Analog Devices (ADI), over those with more commodity exposure and lower margins, like Cypress Semiconductor (CY). Other publicly traded companies in the semiconductors space include Micron (MU), AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN). Shares of Micron are down 2.5% in pre-market trading to $53.65.
07/23/18
07/23/18
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. STIFEL SAYS SELL PAPA JOHN'S: Stifel analyst Chris O'Cull downgraded Papa John's (PZZA) to Sell from Hold and cut his price target for the shares to $38 from $50. The outlook for Papa John's is "growing dimmer" after recent media reports indicated a "fraternal corporate culture," O'Cull told investors. The reports reinforce the consumer perception that Papa John's is not a trusted brand, the analyst added. His recent channel checks indicate the company's domestic same-restaurant-sales are running down in the mid-teens since last week's media report about the company's founder using a racial slur. Papa John's is in a "precarious position," as it needs a "strategic savior" but is struggling to find one "willing to underwrite a transaction given the brand damage," O'Cull contended. Papa John's shares are down 7% in midday trading BTIG SAYS BUY SPOTIFY: BTIG analyst Rich Greenfield initiated Spotify (SPOT) with a Buy rating and a price target of $230, saying that awaiting a better entry on the stock price "has not worked." The analyst contended that the company will be a "long-term winner" in the subscription music category that remains in its infancy and will "grow significantly for years to come." DEUTSCHE RAISES QUALCOMM TARGET TO $60: Deutsche Bank analyst Ross Seymore raised his price target for Qualcomm (QCOM) shares to $60 from $55 after concluding that removal of the uncertainty from the NXP Semiconductors (NXPI) deal likely leads to incremental upside in either scenario. The analyst said he has no way of assigning probabilities of deal approval given the politically charged nature of the pending regulatory ruling from China's State Administration for Market Regulation. Seymore kept Hold ratings on both Qualcomm and NXP. ARGUS CUTS GE TO HOLD: Argus analyst John Eade downgraded General Electric (GE) to Hold from Buy, saying that despite his expectations of a turnaround, Q2 results were a "step in the opposite direction" suggesting the company will struggle to meet its FY18 guidance. Eade lowered his FY18 EPS forecast to 97c from $1.03, adding that GE will need to show at least two quarter of progress before he would reconsider his rating. The analyst prefers other large industrials such as Illinois Tool Works (ITW), United Technologies (UTX) and Boeing (BA) over General Electric, he added.
07/24/18
MZHO
07/24/18
NO CHANGE
MZHO
Qualcomm, NXP deal seems headed for a breakup, says Mizuho
Barring an 11th hour approval, Qualcomm's (QCOM) proposed acquisition of NXP Semiconductors (NXPI) is headed for a breakup, Mizuho analyst Vijay Rakesh tells investors in a research note. The analyst says his firm's arbitrage desk sees only a 22% probability of the deal happening.
NXPI NXP Semiconductors
$96.25

-4.42 (-4.39%)

07/16/18
MSCO
07/16/18
NO CHANGE
MSCO
Equal Weight
Morgan Stanley says odds rising of NXP walking away if China won't approve deal
Morgan Stanley analyst Craig Hettenbach said that he, and colleague James Faucette who covers Qualcomm (QCOM) at the firm, agree that closing their deal is the best path forward for both NXP Semiconductors (NXPI) and Qualcomm. However, given that the merger agreement expires in 9 days and U.S. China trade relations have taken an "uncertain turn," he thinks that the odds of NXP walking away and collecting a $2B break fee have increased if China does not approve the deal. Hettenbach sees 18% upside to the $127.50 takeout price and 14% downside to the $92 level of support he has previously identified in the event of a deal break and maintains an Equal Weight rating on NXP shares.

TODAY'S FREE FLY STORIES

DIS

Disney

$144.63

-0.42 (-0.29%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Periodicals
ESPN to launch daily morning podcast in October, Washington Post reports »

ESPN is planning to…

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

See Street Research during your Free Trial

  • 06

    Aug

COE

China Online Education

$6.84

(0.00%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
China Online Education falls -7.4% »

China Online Education is…

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

See Street Research during your Free Trial

HRTG

Heritage Insurance

$15.01

-0.94 (-5.89%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
Heritage Insurance falls -5.6% »

Heritage Insurance is…

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

See Street Research during your Free Trial

  • 25

    Sep

UGAZ

VelocityShares 3x Long Natural Gas ETN

$16.45

-1.53 (-8.51%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -8.6% »

VelocityShares 3x Long…

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

See Street Research during your Free Trial

TTM

Tata Motors

$12.29

0.63 (5.40%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
Tata Motors rises 5.4% »

Tata Motors is up 5.4%,…

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

See Street Research during your Free Trial

  • 25

    Jul

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$150.60

11.75 (8.46%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
VelocityShares 3x Inv Natural Gas ETN rises 8.3% »

VelocityShares 3x Inv…

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

See Street Research during your Free Trial

APRN

Blue Apron

$9.09

1.44 (18.82%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
Blue Apron rises 18.8% »

Blue Apron is up 18.8%,…

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

See Street Research during your Free Trial

  • 06

    Aug

REKR

Rekor Systems

$2.53

0.21 (9.05%)

, NVDA

Nvidia

$165.73

-1.51 (-0.90%)

09:58
07/16/19
07/16
09:58
07/16/19
09:58
Hot Stocks
Rekor Systems reports joining NVIDIA Metropolis Software Partner Program »

Rekor Systems (REKR)…

REKR

Rekor Systems

$2.53

0.21 (9.05%)

NVDA

Nvidia

$165.73

-1.51 (-0.90%)

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

See Street Research during your Free Trial

  • 15

    Aug

JBHT

J.B. Hunt

$99.00

6.5 (7.03%)

, R

Ryder

$58.12

1.39 (2.45%)

09:55
07/16/19
07/16
09:55
07/16/19
09:55
Options
Early notable gainers among liquid option names on July 16th »

Notable gainers among…

JBHT

J.B. Hunt

$99.00

6.5 (7.03%)

R

Ryder

$58.12

1.39 (2.45%)

SCHW

Charles Schwab

$41.90

1.62 (4.02%)

FDX

FedEx

$171.00

3.13 (1.86%)

GS

Goldman Sachs

$214.69

3.14 (1.48%)

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

See Street Research during your Free Trial

  • 16

    Jul

  • 19

    Jul

  • 30

    Jul

  • 30

    Jul

  • 31

    Jul

  • 26

    Aug

  • 17

    Sep

  • 27

    Oct

  • 13

    Nov

GS

Goldman Sachs

$214.61

3.06 (1.45%)

09:54
07/16/19
07/16
09:54
07/16/19
09:54
Hot Stocks
Breaking Hot Stocks news story on Goldman Sachs »

Goldman Sachs says…

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

See Street Research during your Free Trial

  • 16

    Jul

SBUX

Starbucks

$90.02

-0.13 (-0.14%)

09:54
07/16/19
07/16
09:54
07/16/19
09:54
Upgrade
Starbucks rating change at OTR Global »

Starbucks upgraded at OTR…

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

See Street Research during your Free Trial

  • 25

    Jul

GS

Goldman Sachs

$213.56

2.01 (0.95%)

, TW

Tradeweb Markets

$47.40

(0.00%)

09:51
07/16/19
07/16
09:51
07/16/19
09:51
Hot Stocks
Breaking Hot Stocks news story on Goldman Sachs, Tradeweb Markets »

Goldman Sachs CFO says…

GS

Goldman Sachs

$213.56

2.01 (0.95%)

TW

Tradeweb Markets

$47.40

(0.00%)

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

See Street Research during your Free Trial

  • 16

    Jul

  • 08

    Aug

09:50
07/16/19
07/16
09:50
07/16/19
09:50
General news
Breaking General news story  »

Atlanta Federal Reserve…

JNJ

Johnson & Johnson

$132.30

-2.37 (-1.76%)

09:49
07/16/19
07/16
09:49
07/16/19
09:49
Hot Stocks
Johnson & Johnson says continues to invest in R&D at 'competitive levels' »

Says: Expects to invest…

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

See Street Research during your Free Trial

  • 16

    Jul

  • 09

    Sep

  • 16

    Sep

IMRN

Immuron

$6.62

3.78 (133.10%)

09:48
07/16/19
07/16
09:48
07/16/19
09:48
Hot Stocks
Immuron jumps after reporting FY19 sales of A$2.6M »

Immuron announced earlier…

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

See Street Research during your Free Trial

TWLO

Twilio

$146.09

0.735 (0.51%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Recommendations
Twilio analyst commentary at JMP Securities »

JMP maintains Outperform…

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

See Street Research during your Free Trial

  • 16

    Jul

SPAR

Spartan Motors

$11.68

1.77 (17.86%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
Spartan Motors receives 2,237-unit walk-in-van order from e-commerce company »

Spartan Fleet Vehicles…

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

See Street Research during your Free Trial

  • 06

    Aug

LEA

Lear

$127.00

-8.08 (-5.98%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
Lear falls -6.3% »

Lear is down -6.3%, or…

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

See Street Research during your Free Trial

  • 26

    Jul

ARW

Arrow Electronics

$64.20

-4.62 (-6.71%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
Arrow Electronics falls -6.6% »

Arrow Electronics is down…

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

See Street Research during your Free Trial

UGAZ

VelocityShares 3x Long Natural Gas ETN

$16.31

-1.67 (-9.29%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -9.3% »

VelocityShares 3x Long…

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

See Street Research during your Free Trial

TTM

Tata Motors

$12.25

0.59 (5.06%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
Tata Motors rises 4.8% »

Tata Motors is up 4.8%,…

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

See Street Research during your Free Trial

  • 25

    Jul

APRN

Blue Apron

$8.37

0.72 (9.41%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
Blue Apron rises 10.3% »

Blue Apron is up 10.3%,…

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

See Street Research during your Free Trial

  • 06

    Aug

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$151.83

12.98 (9.35%)

09:47
07/16/19
07/16
09:47
07/16/19
09:47
Hot Stocks
VelocityShares 3x Inv Natural Gas ETN rises 9.2% »

VelocityShares 3x Inv…

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

See Street Research during your Free Trial

GS

Goldman Sachs

$214.60

3.05 (1.44%)

09:45
07/16/19
07/16
09:45
07/16/19
09:45
Hot Stocks
Breaking Hot Stocks news story on Goldman Sachs »

Goldman Sachs CEO says…

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

See Street Research during your Free Trial

  • 16

    Jul

09:45
07/16/19
07/16
09:45
07/16/19
09:45
General news
FX Action: The dollar »

FX Action: The dollar…

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.