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AABA

Altaba

$70.98

-0.62 (-0.87%)

, CHK

Chesapeake

$4.69

0.235 (5.28%)

08:55
08/07/18
08/07
08:55
08/07/18
08:55

Notable open interest changes for August 7th

Monday's total option volume of 15.4 million contracts resulted in net open interest growth of 2.89 million calls and 2.55 million puts. Altaba Inc (AABA), Chesapeake (CHK), Facebook (FB) and AMD (AMD) saw the greatest growth. Top five new positions opened include 103k Chesapeake (CHK) Jan-20 7 calls, 102k Altaba Inc (AABA) Aug-18 100 calls, 100k Altaba Inc (AABA) Aug-18 100 puts, 68k GoPro (GPRO) Jan-19 9 puts and 58k Range Resources (RRC) Jan-20 25 calls.

AABA

Altaba

$70.98

-0.62 (-0.87%)

CHK

Chesapeake

$4.69

0.235 (5.28%)

FB

Facebook

$185.70

7.94 (4.47%)

AMD

AMD

$19.44

0.95 (5.14%)

  • 28

    Aug

  • 12

    Sep

AABA Altaba
$70.98

-0.62 (-0.87%)

07/11/18
GABE
07/11/18
DOWNGRADE
GABE
Hold
Altaba downgraded to Hold from Buy at Gabelli
Gabelli analyst Brett Harriss downgraded Altaba to Hold following news the company has entered entered into an agreement with Softbank, to sell up to 614 million shares of Yahoo! Japan for JPY 360 per share, $3.26 per share, or $2 billion in proceeds. The analyst said it is now more likely than not that Altaba liquidates its holdings in fully taxable transactions and lowered his recommendation.
07/09/18
LYON
07/09/18
UPGRADE
LYON
Outperform
Yahoo Japan upgraded to Outperform from Sell at CLSA
CLSA analyst Rolf Edelman double upgraded Yahoo Japan (YAHOY) to Outperform from Sell and raised his price target for the shares to 393 yen from 350 yen. Nikkei reported that Yahoo Japan is considering a 200B yen buyback, which would be equivalent to around 10% of its market cap and would be direct from Altaba (AABA), which is already selling its stake, Edelman tells investors in a research note. The analyst thinks a buyback of this size is "credible" and factored it into his model for Yahoo Japan.
06/07/18
FBCO
06/07/18
NO CHANGE
Target $88
FBCO
Altaba price target raised to $88 from $76 at Credit Suisse
Credit Suisse analyst Stephen Ju raised his price target for Altaba (AABA) to $88 from $76, citing the 195M share tender offer, and Alibaba (BABA) and Yahoo Japan (YAHOY) share prices.
05/18/18
MKMP
05/18/18
NO CHANGE
Target $124
MKMP
Buy
Altaba price target raised to $124 from $112 at MKM Partners
MKM Partners analyst Rob Sanderson raised his price target on Altaba (AABA) to $124 to reflect the price target change on Alibaba (BABA). The analyst anticipates "aggressive" share repurchases by the company to continue based on the management's view that Altaba discount to net asset value will normalize "below the effective tax rate", and that the tax rate will land in the high teens and below the 21% federal target rate. Sanderson further believes that the resulting arbitrage opportunity should remain "highly favorable".
CHK Chesapeake
$4.69

0.235 (5.28%)

04/17/18
SBSH
04/17/18
DOWNGRADE
Target $2
SBSH
Sell
Chesapeake downgraded to Sell from Neutral at Citi
Citi analyst Robert Morris downgraded Chesapeake Energy to Sell and lowered his price target for the shares to $2 from $5. The analyst made a series of downgrades after lowering his 2018 composite spot natural gas price forecast to $2.75/MMBtu from $3.00/MMBtu, and for 2019 to $2.60/MMBtu from $3.35/MMBtu. He sees higher oil prices adversely impacting the outlook for U.S. natural gas prices.
07/27/18
07/27/18
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. Chesapeake (CHK) upgraded to Neutral from Underperform at BofA/Merrill with analyst Doug Leggate saying the $2B Utica asset sale and positive Powder River update closes out his negative view. 2. Mattel (MAT) upgraded to Neutral from Underperform at DA Davidson with analyst Linda Bolton Weiser saying while the company underperformed in Q2 as she expected due to the hard 2017 comparisons driven by last year's Cars 3 release and the impact from Toys R Us liquidation, investor belief that the company could be sold is supporting the stock. 3. Patterson-UTI (PTEN) upgraded to Outperform from Neutral at Credit Suisse and to Buy from Neutral at Seaport Global. 4. NXP Semiconductors (NXPI) upgraded to Buy from Hold at SunTrust, Deutsche Bank, and Jefferies, to Buy from Neutral at Mizuho, and to Outperform from Market Perform at Bernstein. 5. Mondelez (MDLZ) upgraded to Buy from Hold at DZ Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,
07/27/18
07/27/18
UPGRADE
Target $6

Neutral
Chesapeake upgraded to Neutral, worst behind the company, says BofA/Merrill
As previously reported, BofA/Merrill upgraded Chesapeake to Neutral from Underperform and raised its price target to $6 from $4. Analyst Doug Leggate said the $2B Utica asset sale and positive Powder River update closes out his negative view. The analyst now believes the worst is behind he company, but said Chesapeake still has poor balance sheet metrics.
07/27/18
BOFA
07/27/18
UPGRADE
BOFA
Neutral
Chesapeake upgraded to Neutral from Underperform at BofA/Merrill
FB Facebook
$185.70

7.94 (4.47%)

08/06/18
STFL
08/06/18
NO CHANGE
Target $202
STFL
Buy
Facebook added to Stifel Select List, Amazon removed
Stifel analyst Scott Devitt replaced Amazon (AMZN) with Facebook (FB) on the Stifel Select List, citing the strong year-to-date performance of Amazon shares, which he still likes and keeps a Buy rating upon. He believes Facebook expectations, and the shares, are appropriately set to allow for longer-term outperformance given the material reset that followed the company's "painful" Q2 update, Devitt tells investors. He maintains a Buy rating and $202 price target on Facebook.
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
08/02/18
MKMP
08/02/18
NO CHANGE
Target $230
MKMP
Buy
Facebook price target lowered to $230 from $255 at MKM Partners
MKM Partners analyst Rob Sanderson lowered his price target on Facebook to $230 but kept his Buy rating, saying investors should "take advantage" of the "second capitulation" in the stock. The analyst says the current valuation multiple is too low after the management's "aggressively conservative" outlook relative to consensus even though growth deceleration is nearing, with consensus pricing in about 15% of revenue slowdown in the next two quarters.
07/30/18
MZHO
07/30/18
NO CHANGE
Target $25
MZHO
Underperform
Twitter should trade at discount to Facebook, says Mizuho
Mizuho analyst James Lee says that while Twitter (TWTR) reported "strong" Q2 results, EBITDA and implied revenue guidance for Q3 was below consensus by 16% and 6%, respectively. Management cited the health initiative that will slow down active user growth and increase operating expenditures due to headcount additions, Lee tells investors in a post-earnings research note. He keeps an Underperform rating on Twitter shares with a $25 price target, which represents 12.5 times his 2020 EBITDA estimate. The analyst believes the stock should trade at a discount to his Facebook (FB) target of 13.5 times EBITDA.
AMD AMD
$19.44

0.95 (5.14%)

07/27/18
JEFF
07/27/18
NO CHANGE
Target $44
JEFF
Underperform
Intel model 'showing signs of stress' despite beat, says Jefferies
While Intel (INTC) last night "beat and raised handily" for the second quarter in a row, the model is "showing signs of stress," Jefferies analyst Mark Lipacis tells investors in a post-earnings research note. The analyst highlights declining gross margins, free cash flow well below earnings, and Increasing competition from Nvidia (NVDA), AMD (AMD) "and perhaps even its own customers." Delays in Intel's 10nm product ramp and process node transitions may translate to a disadvantage to AMD in servers in the second half of 2019, Lipacis contends. He reiterates an Underperform rating on Intel and bumped up his price target for the shares to $44 from $42.
07/30/18
COWN
07/30/18
NO CHANGE
Target $25
COWN
Outperform
AMD price target raised to $25 following management meetings at Cowen
Cowen analyst Matthew Ramsay raised his price target on AMD to $25 from $21 following meetings with management. The analyst noted the company posted strong Q2 results, but management's message was the company was just getting started. He said management is determined to capitalize on share gain opportunities in datacenter and client markets. Ramsay reiterated his Outperform rating on AMD shares.
08/06/18
LEHM
08/06/18
NO CHANGE
Target $15
LEHM
Underweight
AMD price target raised to $15 from $9 at Barclays
Barclays analyst Blayne Curtis raised his price target for (AMD) to $15 from $9 but keeps an Underweight rating on the name. The stock closed Friday down 30c to $18.49. The analyst this morning also downgraded his rating on Intel (INTC) to Equal Weight from Overweight. Curtis is now using a higher multiple for AMD to reflect a wider range of outcomes for traction of its Epyc server. The analyst, however, says he has not seen any evidence to support these more bullish levels. Clearly the market is much more optimistic on AMD's growth prospects as reflected in the stock's appreciation, Curtis tells investors in a research note. AMD has effectively reduced the discussion of future server performance to process technology but the lack of response from Intel following the multiple 10nm push-outs leaves little reason for investors to believe differently, Curtis writes.
08/06/18
BOFA
08/06/18
NO CHANGE
Target $25
BOFA
Buy
AMD price target raised to $25 from $21 at BofA/Merrill
BofA/Merrill analyst Vivek Arya raised his price target on AMD (AMD) to $25 and kept his Buy rating while also raising his FY19 EPS target to 75c vs. consensus view of 62c. The analyst cites AMD's "generational opportunity" to exploit Intel (INTC) 10nm delays to gain market share data security and cloud servers along with its recent upward revision in server average selling prices, as indicated by Mercury industry data. Arya further notes the company's "discussion with several large cloud customers for its second-gen 7nm Rome server, as well as its 7nm computing graphics card for AI, where it competes against NVidia (NVDA).

TODAY'S FREE FLY STORIES

VIEMF

Viemed Healthcare

$0.00

(0.00%)

07:44
11/21/18
11/21
07:44
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07:44
Conference/Events
Viemed Healthcare management to meet with Lake Street »

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VCRA

Vocera

$36.15

-0.92 (-2.48%)

07:43
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Conference/Events
Vocera management to meet with William Blair »

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AMZN

Amazon.com

$1,495.60

-16.07 (-1.06%)

, VMW

VMware

$148.82

-4.34 (-2.83%)

07:43
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11/21
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Recommendations
Amazon.com, VMware, Microsoft analyst commentary  »

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AMZN

Amazon.com

$1,495.60

-16.07 (-1.06%)

VMW

VMware

$148.82

-4.34 (-2.83%)

MSFT

Microsoft

$101.67

-2.95 (-2.82%)

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

Two Harbors

$14.12

-0.13 (-0.91%)

07:43
11/21/18
11/21
07:43
11/21/18
07:43
Conference/Events
Two Harbors management to meet with JMP Securities »

Meetings to be held in…

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  • 27

    Nov

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    Dec

PGNX

Progenics

$5.05

-0.15 (-2.88%)

07:42
11/21/18
11/21
07:42
11/21/18
07:42
Conference/Events
Progenics management to meet with Needham »

Meeting to be held in…

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03/06/13
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  • 27

    Nov

BDRBF

Bombardier

$0.00

(0.00%)

07:41
11/21/18
11/21
07:41
11/21/18
07:41
Periodicals
Bombardier to cut 490 additional jobs in Belfast, BBC reports »

Bombardier is planning 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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  • 06

    Dec

NTRI

Nutrisystem

$35.54

-1.09 (-2.98%)

07:41
11/21/18
11/21
07:41
11/21/18
07:41
Conference/Events
Nutrisystem management to meet with Craig Hallum »

Meeting to be held in San…

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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  • 27

    Nov

GS

Goldman Sachs

$191.34

-6.825 (-3.44%)

07:41
11/21/18
11/21
07:41
11/21/18
07:41
Periodicals
KIPCO hires Goldman Sachs for sale of 60.5% OSN stake, Reuters reports »

Kuwait Projects, or…

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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TJX

TJX

$46.81

-2.16 (-4.41%)

07:40
11/21/18
11/21
07:40
11/21/18
07:40
Recommendations
TJX analyst commentary  »

TJX price target lowered…

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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MTRN

Materion

$54.03

-1.93 (-3.45%)

07:39
11/21/18
11/21
07:39
11/21/18
07:39
Conference/Events
Materion management to meet with KeyBanc »

Meeting to be held in…

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03/06/13
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03/06/13
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  • 27

    Nov

07:37
11/21/18
11/21
07:37
11/21/18
07:37
General news
Futures suggesting modest bounce for stocks »

Stock futures are…

XPO

XPO Logistics

$71.25

-2.5 (-3.39%)

, VZ

Verizon

$59.46

-1.17 (-1.93%)

07:37
11/21/18
11/21
07:37
11/21/18
07:37
Periodicals
Senators ask Verizon, XPO about warehouse conditions for women, NY Times reports »

Nine senators wrote…

XPO

XPO Logistics

$71.25

-2.5 (-3.39%)

VZ

Verizon

$59.46

-1.17 (-1.93%)

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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  • 21

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  • 03

    Dec

WFC

Wells Fargo

$52.54

-0.77 (-1.44%)

07:37
11/21/18
11/21
07:37
11/21/18
07:37
Periodicals
Wells Fargo fights to shut customers out of auto payout plan, Reuters reports »

Wells Fargo is fighting…

03/08/13
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03/06/13
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  • 12

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DAKT

Daktronics

$7.68

(0.00%)

07:35
11/21/18
11/21
07:35
11/21/18
07:35
Earnings
Daktronics reports Q2 EPS 19c, two estimates 19c »

Reports Q2 revenue…

03/08/13
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03/06/13
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03/06/13
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  • 21

    Nov

07:35
11/21/18
11/21
07:35
11/21/18
07:35
General news
U.S. MBA mortgage market index sank 0.1% »

U.S. MBA mortgage market…

MNK

Mallinckrodt

$28.00

-2.82 (-9.15%)

07:33
11/21/18
11/21
07:33
11/21/18
07:33
Conference/Events
Mallinckrodt management to meet with Leerink »

Meetings to be held in…

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03/06/13
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QADA

Qad Inc.

$39.80

-0.31 (-0.77%)

07:33
11/21/18
11/21
07:33
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07:33
Recommendations
Qad Inc. analyst commentary  »

Qad Inc. price target…

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NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

07:31
11/21/18
11/21
07:31
11/21/18
07:31
Periodicals
Nissan seeks to weaken Renault influence, Reuters reports »

Japan said it is prepared…

NSANY

Nissan

$0.00

(0.00%)

RNSDF

Renault

$0.00

(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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TMHC

Taylor Morrison

$16.00

-0.03 (-0.19%)

07:31
11/21/18
11/21
07:31
11/21/18
07:31
Hot Stocks
Taylor Morrison extends and increases stock repurchase program »

Taylor Morrison has…

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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IPGP

IPG Photonics

$132.97

-3.12 (-2.29%)

07:31
11/21/18
11/21
07:31
11/21/18
07:31
Conference/Events
IPG Photonics management to meet with Oppenheimer »

Meeting to be held in the…

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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  • 27

    Nov

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  • 17

    Dec

HOLX

Hologic

$41.29

-0.29 (-0.70%)

07:31
11/21/18
11/21
07:31
11/21/18
07:31
Conference/Events
Hologic management to meet with William Blair »

Meeting to be in Chicago…

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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  • 27

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  • 30

    Nov

07:30
11/21/18
11/21
07:30
11/21/18
07:30
General news
European stock markets broadly higher, »

European stock markets…

KSS

Kohl's

$64.45

-6.3 (-8.90%)

07:29
11/21/18
11/21
07:29
11/21/18
07:29
Recommendations
Kohl's analyst commentary  »

Kohl's price target…

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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TLC

Taiwan Liposome

$0.00

(0.00%)

07:28
11/21/18
11/21
07:28
11/21/18
07:28
Syndicate
Taiwan Liposome 3.75M share Secondary priced at $5.80 »

The deal size was cut to…

03/08/13
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03/06/13
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  • 21

    Nov

KSS

Kohl's

$64.45

-6.3 (-8.90%)

07:28
11/21/18
11/21
07:28
11/21/18
07:28
Recommendations
Kohl's analyst commentary  »

Kohl's faces…

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