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BHGE

Baker Hughes

$34.91

1.03 (3.04%)

, GE

General Electric

$13.10

-0.05 (-0.38%)

06:07
08/07/18
08/07
06:07
08/07/18
06:07

Baker Hughes announces July international rig count of 997, up 38

Baker Hughes (BHGE), a GE (GE) company, announced that the Baker Hughes international rig count for July 2018 was 997, up 38 from the 959 counted in June 2018, and up 38 from the 959 counted in July 2017. The international offshore rig count for July 2018 was 217, up 22 from the 195 counted in June 2018, and up 13 from the 204 counted in July 2017. The average U.S. rig count for July 2018 was 1,050, down 6 from the 1,056 counted in June 2018, and up 97 from the 953 counted in July 2017. The average Canadian rig count for July 2018 was 204, up 67 from the 137 counted in June 2018, and up 6 from the 198 counted in July 2017. The worldwide rig count for July 2018 was 2,251, up 99 from the 2,152 counted in June 2018, and up 141 from the 2,110 counted in July 2017.

BHGE

Baker Hughes

$34.91

1.03 (3.04%)

GE

General Electric

$13.10

-0.05 (-0.38%)

BHGE Baker Hughes
$34.91

1.03 (3.04%)

06/29/18
WELS
06/29/18
UPGRADE
Target $8
WELS
Outperform
Nabors Industries upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Judson Bailey upgraded Nabors Industries (NBR) to Outperform with an unchanged price target of $8. The analyst sees further downside risk to pressure pumping and proppant pricing and favors defensive "value" stocks that have "somewhat limited" downside earnings risk. His top four picks remain TechnipFMC (FTI), Baker Hughes (BHGE), Weatherford (WFT) and Schlumberger (SLB).
07/24/18
RHCO
07/24/18
UPGRADE
RHCO
Buy
Baker Hughes upgraded to Buy from Hold at SunTrust
07/24/18
RHCO
07/24/18
UPGRADE
Target $39
RHCO
Buy
Baker Hughes upgraded to Buy at SunTrust on higher operating income
As reported earlier, SunTrust analyst Ken Sill upgraded Baker Hughes to Buy from Hold and raised his price target to $39 from $34 after its Q2 results. The analyst notes that the EPS miss was due to higher interest expense and taxes, as well as an asset charge that is "hopefully non-recurring". Instead, Sill is positive on the company's better than expected operating income and stronger than expected Oilfield Services and Equipment orders, adding that "several solid quarters" make him less concerned about the company's management departures. The analyst further contends that "stronger than expected orders" and 1.1:1 book to bill ratio support the company's commentary of improving international and offshore business.
07/24/18
07/24/18
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. Mosaic (MOS) double upgraded to Buy from Underperform at BofA/Merrill with analyst Steve Byrne saying he believes 2018 will mark a bottom in global phosphate utilization rates and now believes there is more upside risk to consensus estimates as the cycle improves. 2. Live Nation (LYV) upgraded to Buy from Neutral at BTIG with analyst Brandon Ross saying he is now more convinced that the company will outperform expectations amid inflecting growth rate with an added possibility of M&A. 3. Infinera (INFN) upgraded to Outperform from Market Perform at Northland with analyst Tim Savageaux saying the calculus of his March downgrade changes with the acquisition of Coriant, giving the company a double-digit market share in 100G+ optical systems. 4. Baker Hughes (BHGE) upgraded to Buy from Hold at SunTrust with analyst Ken Sill saying the EPS miss was due to higher interest expense and taxes, as well as an asset charge that is "hopefully non-recurring." 5. Werner (WERN) upgraded to Neutral from Underperform at BofA/Merrill with analyst Ken Hoexter saying Q2 freight demand in One way Truckload was much stronger than normal and revenue per load mile was up 13.3% year-over-year, the strongest level in more than 20 years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
GE General Electric
$13.10

-0.05 (-0.38%)

07/23/18
07/23/18
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. Papa John's (PZZA) downgraded to Sell from Hold at Stifel with analyst Chris O'Cull saying the outlook for Papa John's is "growing dimmer" after recent media reports indicated a "fraternal corporate culture." 2. Buckeye Partners (BPL) downgraded to Sell from Hold at SunTrust with analyst Tristan Richardson saying the latest negative action by Moody's was "quicker than expected" and may lead to a cut in the company's distribution. 3. Walgreens Boots Alliance (WBA) downgraded to Market Perform from Outperform at Cowen with analyst Charles Ryhee saying he views it as poorly positioned in the move toward value-based care and believes the ownership of, rather than a partnership with, an insurance company is necessary to realize the benefits of cost trend improvements. 4. General Electric (GE) downgraded to Hold from Buy at Argus with analyst John Eade 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. 5. Philip Morris (PM) downgraded to Hold from Buy at Societe Generale. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
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
JPMS
07/24/18
NO CHANGE
Target $11
JPMS
Underweight
JPMorgan says General Electric's Q2 reaffirms Underweight thesis
JPMorgan analyst Stephen Tusa believes General Electric's Q2 results reaffirmed his thesis on the fundamentals and numbers. He keeps an Underweight rating on the shares with an $11 price target. The analyst expects a 15% cut to Q3 consensus segment profit estimates, setting up a "highly back end loaded" second half of the year, "with risk of slippage" in Q4. He notes the 1c headline earnings beat in Q2 came against a consensus number that dropped 20% from its original level. GE has a "worst in class balance sheet that seemingly relies on capital market transactions on average one year away, vulnerable to what may come in the macro," Tusa tells investors in a research note titled "The More Things Change The More They Stay The Same; Earning, Cash Flow and Quality Still Far From Reset."
07/26/18
PIPR
07/26/18
DOWNGRADE
Target $10
PIPR
Underweight
3D Systems downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Troy Jensen downgraded 3D Systems (DDD) to Underweight with a $10 price target. The shares closed yesterday up 30c to $14.00. A survey of resellers found that system demand downticked sequentially for 3D Systems with more below plan responses versus above plan, Jensen tells investors in a research note. He believes competition for the company's main product lines is intensifying. 3D Systems will struggle to deliver organic system growth with HP (HPQ), General Electric (GE), Formlabs, Carbon and others "attacking their biggest revenue contributors," Jensen writes. The analyst also thinks 3D will need to increase spending on direct sales, customer support and consulting, meaning "meaningful profitability" will likely be more challenged than revenue growth throughout 2018. He views the stock as overvalued. While Jensen continues to believe the overall 3D printing industry is "growing rapidly," he remains cautious on shares of 3D Systems and Stratasys (SSYS). He reiterates a Neutral rating on the latter.

TODAY'S FREE FLY STORIES

TROW

T. Rowe Price

$96.11

0.52 (0.54%)

, PZZA

Papa John's

$55.64

-0.23 (-0.41%)

13:21
11/13/18
11/13
13:21
11/13/18
13:21
Hot Stocks
Breaking Hot Stocks news story on T. Rowe Price, Papa John's »

T. Rowe Price reports…

TROW

T. Rowe Price

$96.11

0.52 (0.54%)

PZZA

Papa John's

$55.64

-0.23 (-0.41%)

03/08/13
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    Nov

13:20
11/13/18
11/13
13:20
11/13/18
13:20
Hot Stocks
Breaking Hot Stocks news story  »

USA Technologies trading…

ACHC

Acadia

$41.44

-0.5 (-1.19%)

13:17
11/13/18
11/13
13:17
11/13/18
13:17
Hot Stocks
Breaking Hot Stocks news story on Acadia »

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VOYA

Voya Financial

$45.98

1.395 (3.13%)

13:17
11/13/18
11/13
13:17
11/13/18
13:17
Hot Stocks
Breaking Hot Stocks news story on Voya Financial »

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    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
11/13/18
11/13
13:17
11/13/18
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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VOYA

Voya Financial

$46.07

1.485 (3.33%)

13:16
11/13/18
11/13
13:16
11/13/18
13:16
Hot Stocks
Voya Financial capital deployment plans will emphasize share buybacks »

Voya Financial CEO Rodney…

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  • 13

    Nov

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
11/13/18
11/13
13:16
11/13/18
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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13:15
11/13/18
11/13
13:15
11/13/18
13:15
Hot Stocks
Breaking Hot Stocks news story  »

USA Technologies trading…

VOYA

Voya Financial

$46.04

1.455 (3.26%)

13:15
11/13/18
11/13
13:15
11/13/18
13:15
Hot Stocks
Voya Financial lays out plans for at least 10% annual earnings growth »

Voya Financial announced…

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  • 13

    Nov

TROW

T. Rowe Price

$95.98

0.39 (0.41%)

, UPWK

Upwork

$18.19

0.59 (3.35%)

13:13
11/13/18
11/13
13:13
11/13/18
13:13
Hot Stocks
Breaking Hot Stocks news story on T. Rowe Price, Upwork »

T. Rowe Price reports…

TROW

T. Rowe Price

$95.98

0.39 (0.41%)

UPWK

Upwork

$18.19

0.59 (3.35%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 13

    Nov

VOYA

Voya Financial

$46.21

1.625 (3.64%)

13:11
11/13/18
11/13
13:11
11/13/18
13:11
Hot Stocks
Breaking Hot Stocks news story on Voya Financial »

Voya sees dividend…

03/08/13
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  • 13

    Nov

VOYA

Voya Financial

$46.38

1.795 (4.03%)

13:10
11/13/18
11/13
13:10
11/13/18
13:10
Hot Stocks
Breaking Hot Stocks news story on Voya Financial »

Voya Financial targets…

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  • 13

    Nov

VOYA

Voya Financial

$46.38

1.795 (4.03%)

13:10
11/13/18
11/13
13:10
11/13/18
13:10
Earnings
Breaking Earnings news story on Voya Financial »

Voya Financial sees…

03/08/13
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  • 13

    Nov

13:08
11/13/18
11/13
13:08
11/13/18
13:08
General news
8-Week Bill Auction Total Amount data reported »

8-Week Bill Auction Total…

CVE

Cenovus Energy

$8.51

-0.185 (-2.13%)

13:05
11/13/18
11/13
13:05
11/13/18
13:05
Options
Cenovus Energy call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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INFY

Infosys

$9.39

0.06 (0.64%)

12:58
11/13/18
11/13
12:58
11/13/18
12:58
Hot Stocks
Infosys to open technology and innovation hub in Texas, hire 500 workers by 2020 »

Infosys announced that it…

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  • 02

    Dec

SNE

Sony

$51.64

0.09 (0.17%)

, MSFT

Microsoft

$107.45

0.56 (0.52%)

12:56
11/13/18
11/13
12:56
11/13/18
12:56
OnTheFly
Game On: Take-Two says 'Red Dead 2' has outsold first 'RDR' in just eight days »

Welcome to "Game On," The…

SNE

Sony

$51.64

0.09 (0.17%)

MSFT

Microsoft

$107.45

0.56 (0.52%)

T

AT&T

$30.63

-0.17 (-0.55%)

NTDOY

Nintendo

$0.00

(0.00%)

ATVI

Activision Blizzard

$52.93

-0.97 (-1.80%)

TTWO

Take-Two

$108.52

-0.51 (-0.47%)

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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  • 13

    Nov

  • 13

    Nov

  • 13

    Nov

  • 15

    Nov

  • 19

    Nov

  • 26

    Nov

  • 28

    Nov

  • 03

    Mar

VOYA

Voya Financial

$46.38

1.795 (4.03%)

12:55
11/13/18
11/13
12:55
11/13/18
12:55
Hot Stocks
Breaking Hot Stocks news story on Voya Financial »

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  • 13

    Nov

M

Macy's

$36.27

-0.77 (-2.08%)

, APRN

Blue Apron

$1.17

-0.08 (-6.40%)

12:47
11/13/18
11/13
12:47
11/13/18
12:47
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

M

Macy's

$36.27

-0.77 (-2.08%)

APRN

Blue Apron

$1.17

-0.08 (-6.40%)

03/08/13
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  • 14

    Nov

  • 14

    Nov

  • 28

    Nov

WIX

Wix.com

$91.01

2.54 (2.87%)

, REZI

Resideo

$21.90

0.56 (2.62%)

12:47
11/13/18
11/13
12:47
11/13/18
12:47
Earnings
Notable companies reporting after market close »

Notable companies…

WIX

Wix.com

$91.01

2.54 (2.87%)

REZI

Resideo

$21.90

0.56 (2.62%)

SWCH

Switch

$9.16

-0.18 (-1.93%)

03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

  • 13

    Nov

  • 13

    Nov

  • 14

    Nov

SIRI

Sirius XM

$6.26

0.15 (2.46%)

12:47
11/13/18
11/13
12:47
11/13/18
12:47
Conference/Events
Sirius XM management to meet with B. Riley FBR »

Meeting to be held in…

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  • 15

    Nov

  • 26

    Nov

OESX

Orion Energy

$0.80

-0.0501 (-5.89%)

12:44
11/13/18
11/13
12:44
11/13/18
12:44
Recommendations
Orion Energy analyst commentary  »

Orion Energy price target…

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  • 13

    Nov

SBUX

Starbucks

$68.05

0.14 (0.21%)

12:41
11/13/18
11/13
12:41
11/13/18
12:41
Periodicals
Starbucks lays off 5%, or 350, corporate employees, Seattle Times reports »

As part of its…

03/08/13
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  • 13

    Dec

MET

MetLife

$46.01

1.29 (2.88%)

12:40
11/13/18
11/13
12:40
11/13/18
12:40
Options
8.2K Metlife Jan 47.5 - 50 call spreads bought for 82c »

8.2K Metlife Jan 47.5 -…

03/08/13
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  • 14

    Nov

CKPT

Checkpoint Therapeutics

$2.37

0.19 (8.72%)

12:38
11/13/18
11/13
12:38
11/13/18
12:38
Hot Stocks
Checkpoint Therapeutics director Lindsay Rosenwald buys 100K shares of stock »

Checkpoint Therapeutics…

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