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ONDK

On Deck Capital

$6.78

0.08 (1.19%)

07:14
08/07/18
08/07
07:14
08/07/18
07:14

On Deck Capital raises FY18 revenue view to $380M-$386M from $372M-$382M

Consensus is for FY18 $376.8M. Sees FY18 net income between $10M-$16M, up from $0-$10M, and Adjusted Net income $30M-$36M, up from between $18M-$28M. This outlook assumes Unpaid Principal Balance growth between 10%-15% and a full year Provision Rate near the low end of our 2018 guidance of between 6%-7%, and includes approximately $7M of real estate disposition, severance and debt extinguishment costs.

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ONDK On Deck Capital
$6.78

0.08 (1.19%)

07/19/18
MSCO
07/19/18
DOWNGRADE
MSCO
Underweight
On Deck Capital downgraded to Underweight from Equal Weight at Morgan Stanley
07/19/18
07/19/18
DOWNGRADE
Target $6

Underweight
Morgan Stanley sees On Deck needing time to ramp ODaaS, cuts to Underweight
As previously reported, Morgan Stanley analyst James Faucette downgraded On Deck Capital to Underweight from Equal Weight, stating that he sees the company needing a long time to meaningfully scale the "OnDeck-as-a-Service," which he believes will limit the stock's potential for valuation expansion above small-to-mid cap banks. Also, Faucette sees limited upside potential to origination growth estimates given the company's preference for delivering profitability versus growth, he tells investors. He maintains a $6 price target on On Deck shares.
07/19/18
MSCO
07/19/18
NO CHANGE
MSCO
Morgan Stanley upgrades Payments and Processing industry to Attractive
Morgan Stanley analyst James Faucette upgraded his view of the Payments and Processing industry to Attractive, citing the firm's U.S. Strategy Team's call for rotation out of Technology and his view that Payments will be seen as an attractive option for investors looking to become more defensive. Investors underappreciate the resilience of consumer spending and Faucette sees the potential for his Payments coverage market-cap weighted earnings growth to accelerate organically to 15% over 2018-2020 from 11% growth over the last three years, he tells investors. In the group, the firm has Overweight ratings on Visa (V), MasterCard (MA), PayPal (PYPL), GreenSky (GSKY), Worldpay (WP) and FleetCor (FLT). Morgan Stanley has Underweight ratings on Western Union (WU) and On Deck Capital (ONDK), having downgraded On Deck this morning.
07/19/18
07/19/18
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. NEEDHAM CUTS TESLA TO UNDERPERFORM: Needham analyst Rajvindra Gill downgraded Tesla (TSLA) to Underperform from Hold, stating the stock remains overvalued in spite of its 16% decline from the the June 2017 peak. The analyst cited expectations of slower Model S/X sales amid increased competition and possible cannibalization from the Model 3, the expiration of credits, slower gross margins improvement with "persistently high" production costs, lower energy segment revenue after recent restructuring, and Tesla's "unsustainable capital structure." Tesla is down 1.9% in midday trading. CREDIT SUISSE UPGRADES SQUARE: Credit Suisse analyst Paul Condra upgraded Square (SQ) to Outperform from Neutral, saying he believes its growing product eco-system is increasing its ability to penetrate larger merchants. He also said positive data points on Cash-App adoption validate Square's two-sided platform strategy to grow both merchant and consumer use-cases. The analyst also raised his price target on the shares to $81 from $44. MORGAN STANLEY UPS SQUARE TARGET: Morgan Stanley analyst James Faucette sees good potential for upward estimate revisions for Square in the near-term and raised his price target on the stock to $75 from $43. However, Faucette kept an Equal Weight rating on Square, calling its valuation "demanding" and citing his continued view that new services are misvalued. Square is higher by 3.5% at midday. MORGAN STANLEY DOWNGRADES LENDINGCLUB, ON DECK: Morgan Stanley's Faucette downgraded LendingClub (LC) to Equal Weight from Overweight as he thinks the previously disclosed FTC investigation into the company's lending practices will be a drag on new investor interest and involvement in the stock until it is resolved. Faucette lowered his price target on LendingClub shares to $5 from $6. Faucette downgraded On Deck Capital (ONDK) to Underweight from Equal Weight, stating that he sees the company needing a long time to meaningfully scale the "OnDeck-as-a-Service," which he believes will limit the stock's potential for valuation expansion above small-to-mid cap banks. Also, Faucette sees limited upside potential to origination growth estimates given the company's preference for delivering profitability versus growth, he tells investors. PIPER POSITIVE ON CISCO AND ARISTA, CALLS AMAZON FEARS OVERBLOWN: Amazon (AMZN) is not entering the network switching market as speculated on July 13, Piper Jaffray analyst James Fish told investors in a research note. The confirmation by Amazon removes the potential shadow of Amazon on the space. The analyst continued to recommend Cisco (CSCO) and Arista (ANET) as his top networking picks.

TODAY'S FREE FLY STORIES

XPO

XPO Logistics

$78.25

-0.65 (-0.82%)

11:25
11/15/18
11/15
11:25
11/15/18
11:25
Options
XPO Logistics call volume above normal and directionally bullish »

Bullish option flow…

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BHVN

Biohaven Pharmaceutical

$32.50

-1.2 (-3.56%)

11:25
11/15/18
11/15
11:25
11/15/18
11:25
Conference/Events
Biohaven Pharmaceutical management to meet with Morgan Stanley »

Group Luncheon Meeting…

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  • 15

    Nov

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    Nov

EVFM

Evofem

$3.44

(0.00%)

11:25
11/15/18
11/15
11:25
11/15/18
11:25
Conference/Events
Evofem to hold a key opinion leader event »

Management hosts a Key…

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03/06/13
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03/06/13
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  • 15

    Nov

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  • 19

    Nov

  • 27

    Nov

11:25
11/15/18
11/15
11:25
11/15/18
11:25
Conference/Events
Morgan Stanley healthcare analysts to hold a luncheon »

Healthcare Analysts host…

SPLK

Splunk

$99.00

1.15 (1.18%)

, SAP

SAP

$104.09

0.23 (0.22%)

11:25
11/15/18
11/15
11:25
11/15/18
11:25
Conference/Events
Wedbush enterprise software analyst to hold a luncheon »

Enterprise Software…

SPLK

Splunk

$99.00

1.15 (1.18%)

SAP

SAP

$104.09

0.23 (0.22%)

ORCL

Oracle

$49.62

0.78 (1.60%)

PANW

Palo Alto Networks

$171.57

-5.26 (-2.97%)

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

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  • 15

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  • 05

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    Dec

  • 09

    Jan

  • 10

    Jan

11:25
11/15/18
11/15
11:25
11/15/18
11:25
Conference/Events
RBC Capital software analysts to hold a group luncheon »

Software Analysts Hedberg…

LOXO

Loxo Oncology

$147.40

3.71 (2.58%)

11:25
11/15/18
11/15
11:25
11/15/18
11:25
Conference/Events
Loxo Oncology management to meet with Morgan Stanley »

Group Luncheon Meeting…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 15

    Nov

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    Nov

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    Nov

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    Nov

MO

Altria Group

$58.61

-0.48 (-0.81%)

, BTI

British American Tobacco

$35.55

-0.96 (-2.63%)

11:22
11/15/18
11/15
11:22
11/15/18
11:22
Hot Stocks
CVS 'applauds' FDA announcement to restrict flavored tobacco products »

CVS Health (CVS)…

MO

Altria Group

$58.61

-0.48 (-0.81%)

BTI

British American Tobacco

$35.55

-0.96 (-2.63%)

PM

Philip Morris

$85.26

-0.25 (-0.29%)

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

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11:20
11/15/18
11/15
11:20
11/15/18
11:20
General news
Energy Action: NYMEX crude »

Energy Action: NYMEX…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
11/15/18
11/15
11:17
11/15/18
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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03/08/13
Credit Suisse
03/06/13
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03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
11/15/18
11/15
11:16
11/15/18
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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

Mylan

$34.69

0.46 (1.34%)

, QRVO

Qorvo

$63.65

0.77 (1.22%)

11:15
11/15/18
11/15
11:15
11/15/18
11:15
OnTheFly
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's top…

MYL

Mylan

$34.69

0.46 (1.34%)

QRVO

Qorvo

$63.65

0.77 (1.22%)

LITE

Lumentum

$39.14

0.29 (0.75%)

AAPL

Apple

$188.37

1.56 (0.84%)

ATNX

Athenex

$10.80

0.52 (5.06%)

PCG

PG&E

$19.54

-6.12 (-23.85%)

HZNP

Horizon Pharma

$20.53

-0.7 (-3.30%)

PYPL

PayPal

$84.29

0.24 (0.29%)

WP

Worldpay

$82.00

-0.71 (-0.86%)

FDC

First Data

$18.00

0.17 (0.95%)

SQ

Square

$70.75

0.9 (1.29%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 15

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    Dec

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  • 03

    Mar

MTOR

Meritor

$15.36

-1.95 (-11.27%)

11:12
11/15/18
11/15
11:12
11/15/18
11:12
Recommendations
Meritor analyst commentary  »

Meritor earnings report…

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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  • 06

    Dec

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    Dec

AAPL

Apple

$188.71

1.9 (1.02%)

, LITE

Lumentum

$39.27

0.42 (1.08%)

11:12
11/15/18
11/15
11:12
11/15/18
11:12
OnTheFly
Morgan Stanley says buy Apple on any weakness amid supply chain ‘noise’ »

Calling the recent…

AAPL

Apple

$188.71

1.9 (1.02%)

LITE

Lumentum

$39.27

0.42 (1.08%)

QRVO

Qorvo

$63.84

0.96 (1.53%)

GLW

Corning

$31.59

0.18 (0.57%)

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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  • 26

    Nov

KBH

KB Home

$17.07

-3.73 (-17.93%)

11:10
11/15/18
11/15
11:10
11/15/18
11:10
Options
KB Home puts lead calls 4:1 and implied volatility spikes to 52-week highs »

KB Home puts lead calls…

03/08/13
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03/06/13
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03/06/13
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11:01
11/15/18
11/15
11:01
11/15/18
11:01
General news
Crude inventories for week of November 9 »

Crude oil inventories…

AUY

Yamana Gold

$2.14

0.015 (0.71%)

11:00
11/15/18
11/15
11:00
11/15/18
11:00
Options
Volatility play in Yamana Gold »

Volatility play in Yamana…

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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AWI

Armstrong World

$64.99

-1.01 (-1.53%)

10:55
11/15/18
11/15
10:55
11/15/18
10:55
Conference/Events
Armstrong World to hold a conference call »

Conference call to…

03/08/13
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  • 15

    Nov

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    Nov

CLSN

Celsion

$1.99

-0.08 (-3.86%)

10:55
11/15/18
11/15
10:55
11/15/18
10:55
Conference/Events
Celsion to hold a conference call »

Conference Call to…

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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  • 15

    Nov

FOXA

21st Century Fox

$47.66

-0.27 (-0.56%)

10:52
11/15/18
11/15
10:52
11/15/18
10:52
Hot Stocks
FOX Sports, Major League Baseball reach new multi-year agreement »

FOX Sports and Major…

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

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M

Macy's

$31.89

-1.32 (-3.97%)

10:50
11/15/18
11/15
10:50
11/15/18
10:50
Options
Second day of big option prints in Macy's »

Second day of big option…

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

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WMT

Walmart

$99.47

-2.11 (-2.08%)

10:49
11/15/18
11/15
10:49
11/15/18
10:49
Periodicals
Sanders bill would prevent stock buybacks unless companies pay $15/hr, CNBC says »

Senator Bernie Sanders is…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 15

    Nov

GPRE

Green Plains

$16.94

-0.23 (-1.34%)

, GPP

Green Plains Partners

$14.68

(0.00%)

10:46
11/15/18
11/15
10:46
11/15/18
10:46
Hot Stocks
Green Plains announces permanent closure of Hopewell, VA ethanol facility »

Green Plains (GPRE)…

GPRE

Green Plains

$16.94

-0.23 (-1.34%)

GPP

Green Plains Partners

$14.68

(0.00%)

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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10:45
11/15/18
11/15
10:45
11/15/18
10:45
General news
Breaking General news story  »

Federal Reserve Chairman…

10:45
11/15/18
11/15
10:45
11/15/18
10:45
General news
Breaking General news story  »

6-Month Bill Announcement…

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