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XOM

Exxon Mobil

$80.42

0.26 (0.32%)

, GM

General Motors

$37.75

0.16 (0.43%)

09:51
08/07/18
08/07
09:51
08/07/18
09:51

Exxon Mobil's Speedpass+ app now available in GM vehicles

ExxonMobil (XOM) announced that its Speedpass+ app will now be available in eligible Chevrolet, Buick, GMC and Cadillac vehicles through GM's (GM) Marketplace platform. "The integration of the app into GM vehicles will allow customers to pay for gas and accumulate rewards using their car's infotainment touch screen without accessing credit cards or mobile devices. The Speedpass+ app, which can be used at more than 11,000 Exxon or Mobil retail stations across the U.S., enables customers to pay for fuel quickly and easily, using secure payment technology. The integration of Marketplace and Speedpass+ is ExxonMobil's first fully embedded in-vehicle fuel payment option. Currently, more than two million 2017 and 2018 GM vehicles have Marketplace functionality. That number is expected to reach four million by the end of 2018."

XOM

Exxon Mobil

$80.42

0.26 (0.32%)

GM

General Motors

$37.75

0.16 (0.43%)

  • 31

    Aug

XOM Exxon Mobil
$80.42

0.26 (0.32%)

05/30/18
05/30/18
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. Exxon Mobil (XOM) upgraded to Outperform from Sector Perform at RBC Capital with analyst Biraj Borkhataria saying the stock trades at 8.4-times expected enterprise value to debt-adjusted cash flow vs. 7.1-times for other "super majors" in the industry, forecasting that premium to shrink by 2023 given Exxon Mobil's "superior cash flow growth and debt reduction potential." 2. HP Inc. (HPQ) upgraded to Buy from Hold at Maxim with analyst Nehal Chokshi saying the company's base business is priced "attractively" as the latest quarter places it on track for low-single digit growth. 3. Meredith (MDP) upgraded to Outperform from Neutral at Credit Suisse with analyst Jason Bazinet saying he attributes the weakness in the shares over the past six months to the company's elevated debt levels and deteriorating print ad trends. 4. Allegheny Technologies (ATI) upgraded to Neutral from Sell at Goldman Sachs with analyst Matthew Korn citing the company's "consistency" of growing within a technologically challenging market as well as its fair valuation, while adding that there is some upside to his forecasts based on its operational strength. 5. G-III Apparel (GIII) upgraded to Outperform from Market Perform at Cowen with analyst John Kernan saying he believes free cash flow will improve with the expansion of Donna Karan profitability and as earnings headwinds diminish. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/08/18
MZHO
06/08/18
INITIATION
Target $81
MZHO
Neutral
Exxon Mobil initiated with a Neutral at Mizuho
Mizuho analyst Paul Sankey started Exxon Mobil (XOM) with a Neutral rating and $81 price target. The analyst doesn't see "real growth" from the company until 2020 and prefers shares of Chevron (CVX).
06/08/18
06/08/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Pfizer (PFE) and Eli Lilly (LLY) were initiated with an Overweight at Cantor Fitzgerald. 2. LivaNova (LIVN) initiated with a Buy at Stifel. 3. Occidental Petroleum (OXY) and Chevron (CVX) were initiated with a Buy at Mizuho while ConocoPhillips (COP) and Exxon Mobil (XOM) were initiated with a Neutral. 4. LeMaitre (LMAT) resumed with a Buy at Roth Capital. 5. Savara (SVRA) initiated with an Outperform, sees 300% upside, says Evercore ISI. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/18
LEHM
07/11/18
DOWNGRADE
Target $66
LEHM
Underweight
Barclays downgrades Hess to Underweight on 'steepest' group premium
Barclays analyst Paul Cheng downgraded Hess Corp. (HES) to Underweight from Equal Weight while raising his price target for the shares to $66 from $55. The analyst says his analysis indicates Hess trades at the "steepest premium" in the group. His Guyana estimate would need to move 75%-100% higher for Hess to trade in-line with large-cap Exploration and Production companies. Cheng replaced Cenovus Energy (CVE) with ConocoPhillips (COP) as his top pick following the stock's strong share performance. He also double upgraded Petrobras (PBR) Overweight from Underweight, upgraded Husky Energy (HUSKF) to Overweight and Imperial Oil (IMO) to Equal Weight. The analyst thinks Hess and Exxon Mobil (XOM) offer the least value over the next 12 months.
GM General Motors
$37.75

0.16 (0.43%)

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.
07/26/18
SBSH
07/26/18
NO CHANGE
Target $60
SBSH
Buy
General Motors price target lowered to $60 from $70 at Citi
Citi analyst Itay Michaeli lowered his price target for General Motors to $60 citing worse currency and commodity headwinds following yesterday's Q2 results. The analyst keeps a Buy rating on the shares. GM's guidance, while disappointing, doesn't signal a change to the core thesis around pickup truck and robotaxi networks, Michaeli tells investors in a research note.

TODAY'S FREE FLY STORIES

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  »

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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 »

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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 »

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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 »

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HEAR

Turtle Beach

$15.81

0.56 (3.67%)

12:35
11/13/18
11/13
12:35
11/13/18
12:35
Options
Turtle Beach put volume heavy and directionally bearish »

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  • 15

    Nov

KORS

Michael Kors

$49.26

1.51 (3.16%)

12:34
11/13/18
11/13
12:34
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12:34
Hot Stocks
Michael Kors CEO sees double digit revenue growth in 2020 »

Michael Kors Chairman and…

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  • 13

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SBUX

Starbucks

$68.02

0.11 (0.16%)

12:32
11/13/18
11/13
12:32
11/13/18
12:32
Periodicals
Starbucks to lay off 5% of corporate workforce, Dow Jones says »

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  • 13

    Dec

VOYA

Voya Financial

$46.22

1.635 (3.67%)

12:29
11/13/18
11/13
12:29
11/13/18
12:29
Hot Stocks
Breaking Hot Stocks news story on Voya Financial »

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  • 13

    Nov

NIO

NIO Inc.

$6.77

0.12 (1.80%)

12:25
11/13/18
11/13
12:25
11/13/18
12:25
Options
NIO Inc call volume above normal and directionally bullish »

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12:25
11/13/18
11/13
12:25
11/13/18
12:25
Conference/Events
William Blair specialty finance analyst holds a group luncheon »

Specialty Finance Analyst…

DVMT

Dell Technologies

$103.00

4.58 (4.65%)

, VMW

VMware

$151.32

3.16 (2.13%)

12:24
11/13/18
11/13
12:24
11/13/18
12:24
Periodicals
Dell considering raising bid for DVMT tracking stock, Reuters says »

Dell Technologies (DVMT)…

DVMT

Dell Technologies

$103.00

4.58 (4.65%)

VMW

VMware

$151.32

3.16 (2.13%)

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

    Dec

  • 11

    Dec

AKRX

Akorn

$6.74

0.02 (0.30%)

, TEVA

Teva

$23.78

0.09 (0.38%)

12:18
11/13/18
11/13
12:18
11/13/18
12:18
Periodicals
Court rules Allergan's patents on Restasis are invalid, Bloomberg reports »

The U.S. Court of Appeals…

AKRX

Akorn

$6.74

0.02 (0.30%)

TEVA

Teva

$23.78

0.09 (0.38%)

AGN

Allergan

$163.97

0.15 (0.09%)

MYL

Mylan

$36.19

0.25 (0.70%)

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

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  • 13

    Nov

  • 13

    Nov

  • 15

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
11/13/18
11/13
12:17
11/13/18
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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SPY

SPDR S&P 500 ETF Trust

$274.51

1.92 (0.70%)

, SPX

S&P 500

$0.00

(0.00%)

12:16
11/13/18
11/13
12:16
11/13/18
12:16
Periodicals
John Kelly may soon depart Trump administration, NBC News reports »

Chief of Staff John Kelly…

SPY

SPDR S&P 500 ETF Trust

$274.51

1.92 (0.70%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
11/13/18
11/13
12:16
11/13/18
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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ETSY

Etsy

$47.77

-2.87 (-5.67%)

12:15
11/13/18
11/13
12:15
11/13/18
12:15
Options
Etsy put volume heavy and directionally bearish »

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  • 13

    Nov

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$274.18

1.59 (0.58%)

12:13
11/13/18
11/13
12:13
11/13/18
12:13
General news
Trump says New York Times story on North Korea missile bases 'inaccurate' »

President Donald Trump…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$274.18

1.59 (0.58%)

NYT

New York Times

$26.21

-0.135 (-0.51%)

03/08/13
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SUM

Summit Materials

$13.58

0.33 (2.49%)

12:11
11/13/18
11/13
12:11
11/13/18
12:11
Hot Stocks
Breaking Hot Stocks news story on Summit Materials »

Southeastern Asset…

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AMZN

Amazon.com

$1,659.40

22.7 (1.39%)

, HD

Home Depot

$176.79

-2.72 (-1.52%)

12:08
11/13/18
11/13
12:08
11/13/18
12:08
OnTheFly
Fly Intel: Wall Street's top stories at midday »

Stocks have endured a…

AMZN

Amazon.com

$1,659.40

22.7 (1.39%)

HD

Home Depot

$176.79

-2.72 (-1.52%)

AAPL

Apple

$195.05

0.895 (0.46%)

QRVO

Qorvo

$63.65

-0.15 (-0.24%)

GE

General Electric

$8.53

0.55 (6.89%)

BHGE

Baker Hughes

$24.40

0.77 (3.26%)

LITE

Lumentum

$39.86

2.355 (6.28%)

JCI

Johnson Controls

$35.65

1.47 (4.30%)

BBU

Brookfield Business Partners

$37.95

1.1 (2.99%)

NVDA

Nvidia

$202.02

12.65 (6.68%)

AAP

Advance Auto Parts

$182.72

15.78 (9.45%)

JKHY

Jack Henry

$139.74

-1.57 (-1.11%)

TSN

Tyson Foods

$58.10

-3.41 (-5.54%)

EPC

Edgewell Personal Care

$43.11

-3.13 (-6.77%)

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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  • 13

    Nov

  • 13

    Nov

  • 13

    Nov

  • 13

    Nov

  • 13

    Nov

  • 14

    Nov

  • 14

    Nov

  • 15

    Nov

  • 26

    Nov

  • 28

    Nov

  • 29

    Nov

  • 04

    Dec

  • 10

    Dec

  • 03

    Mar

  • 15

    Nov

AMZN

Amazon.com

$1,659.46

22.76 (1.39%)

12:08
11/13/18
11/13
12:08
11/13/18
12:08
Recommendations
Amazon.com analyst commentary  »

Amazon.com HQ2 locations…

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  • 14

    Nov

  • 28

    Nov

  • 04

    Dec

UPS

UPS

$110.25

2.51 (2.33%)

12:06
11/13/18
11/13
12:06
11/13/18
12:06
Hot Stocks
UPS adds 14 new countries served by UPS Worldwide Express »

UPS announced the…

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  • 13

    Dec

SBGI

Sinclair Broadcast

$31.54

0.26 (0.83%)

, TRCO

Tribune Media

$39.10

-0.255 (-0.65%)

12:05
11/13/18
11/13
12:05
11/13/18
12:05
Periodicals
Sinclair, Tribune resolve DOJ case over ad sales, Bloomberg says »

Sinclair Broadcast…

SBGI

Sinclair Broadcast

$31.54

0.26 (0.83%)

TRCO

Tribune Media

$39.10

-0.255 (-0.65%)

MDP

Meredith

$56.98

-0.06 (-0.11%)

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

  • 15

    Nov

SWN

Southwestern Energy

$6.04

0.24 (4.14%)

12:05
11/13/18
11/13
12:05
11/13/18
12:05
Options
Southwestern Energy call volume above normal and directionally bullish »

Bullish option flow…

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  • 13

    Nov

ZEN

Zendesk

$53.52

0.32 (0.60%)

, AMZN

Amazon.com

$1,658.41

21.71 (1.33%)

12:03
11/13/18
11/13
12:03
11/13/18
12:03
Hot Stocks
Zendesk launches Sunshine, 'an open and flexible CRM platform' »

Zendesk (ZEN) launched…

ZEN

Zendesk

$53.52

0.32 (0.60%)

AMZN

Amazon.com

$1,658.41

21.71 (1.33%)

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

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  • 13

    Nov

  • 13

    Nov

  • 14

    Nov

  • 28

    Nov

  • 04

    Dec

  • 06

    Dec

  • 06

    Dec

  • 12

    Dec

  • 13

    Dec

JBLU

JetBlue

$18.24

0.27 (1.50%)

12:02
11/13/18
11/13
12:02
11/13/18
12:02
Hot Stocks
JetBlue appoints Brandon Nelson general counsel, corporate secretary »

JetBlue announced the…

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