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LITE

Lumentum

$56.55

-1.35 (-2.33%)

, AAPL

Apple

$207.26

0.16 (0.08%)

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

Lumentum selloff provides attractive entry point, says JPMorgan

JPMorgan analyst Samik Chatterjee believes the post-earnings pullback in shares of Lumentum (LITE) provides an attractive entry point. However, he keeps a Neutral rating on Lumentum with an $80 price target. The shares sold off yesterday as management chose to provide conservative 3D Sensing revenue guidance for fiscal Q2 ahead of greater visibility into market share development and inventory position with its primary customer, Apple (AAPL), on next generation phones expected to be launched in September, Chatterjee tells investors in a research note. Based on his conversations with management, Chatterjee believes the softer guide is driven entirely by a lower market share assumption and budgeting for inventory timing "purely out of conservatism." This increases the likelihood of an upside surprise, the analyst contends.

LITE

Lumentum

$56.55

-1.35 (-2.33%)

AAPL

Apple

$207.26

0.16 (0.08%)

  • 13

    Aug

LITE Lumentum
$56.55

-1.35 (-2.33%)

08/08/18
PIPR
08/08/18
NO CHANGE
Target $85
PIPR
Overweight
Lumentum price target raised to $85 from $82 at Piper Jaffray
Piper Jaffray analyst Troy Jensen said Lumentum (LITE) reported "another strong quarter" and though 3D sensing fell in the quarter as a result of seasonality his assumptions for that area remain unchanged. He also noted that the Apple (AAPL) ramp "seems to be starting earlier than expected" and likely will not be inflecting as much in the December quarter. Jensen raised his price target on Lumentum shares $85 to account for his higher earnings assumptions and reiterates an Overweight rating on the stock.
08/08/18
RAJA
08/08/18
NO CHANGE
RAJA
Lumentum selloff overdone, remain buyers, says Raymond James
08/08/18
CHLM
08/08/18
NO CHANGE
Target $85
CHLM
Buy
Lumentum weakness creates buying opportunity, says Craig-Hallum
Craig-Hallum analyst Richard Shannon says Lumentum weakness likely represents worries about the Dec-18 outlook, as some fear it could be well below the prior consensus and closer to a year ago. While the analyst remains below the prior Dec-18 consensus, he urges investors to think of the bigger picture, namely that Lumentum should still grow 3DS at least 20%, the company is the dominant leader in a huge market that generates significant margin, and its optical and lasers business are both performing well. We believe investors should take advantage of the short-term thinking invading the stock and buy it for the multiple growth and margin levers it has over the next 12 months. He reiterates a Buy rating and $85 price target on the shares.
08/08/18
LOOP
08/08/18
NO CHANGE
Target $73
LOOP
Buy
Lumentum weakness a 'buying opportunity', says Loop Capital
Loop Capital analyst James Kisner kept his Buy rating and $73 price target on Lumentum (LITE), saying the surprising weakness after "very strong" Q4 results is a "buying opportunity". Kisner notes that the commentary around the 3D sensing business was "very encouraging", adding that bulls were likely discouraged by the implied slower December quarter ramp. The analyst contends that Lumentum stock is "undervalued given robust growth prospects in 3D sensing, telecom optical components, and significant accretion potential from the pending acquisition of Oclaro (OCLR).
AAPL Apple
$207.26

0.16 (0.08%)

08/01/18
BMOC
08/01/18
NO CHANGE
Target $199
BMOC
Market Perform
Apple price target raised to $199 from $184 at BMO Capital
BMO Capital analyst Tim Long raised his price target on Apple to $199 after its Q3 earnings beat and raise of its guidance, saying the results were driven by "better than seasonal" iPhone selling prices and strong Services segment. The analyst notes that ASPs declined about 8% in Q3 over the past two years, but only saw a 1% sequential decline this time. Long also keeps his Market Perform rating on Apple, saying the upside in the shares is limited because of valuation.
08/01/18
BTIG
08/01/18
NO CHANGE
Target $235
BTIG
Buy
Apple price target raised to $235 from $207 at BTIG
BTIG analyst Walter Piecyk, in a note published last night, raised his price target on Apple (AAPL) shares to $235 from $207, stating that he believes there are early signs that upgrade rates might be bottoming and noting that iPhone revenue grew by over 20% despite "historic low" upgrade rates in Q3. Apple CEO Tim Cook hinted at a noteworthy content project, added Piecyk, who agrees with fellow BTIG analyst Rich Greenfield's view that Apple is likely to follow Netflix (NFLX) and Amazon's (AMZN) approach "build their way into the market rather than buy their way in" to video. Piecyk keeps a Buy rating on Apple shares.
08/02/18
SBSH
08/02/18
NO CHANGE
Target $5
SBSH
Sell
Citi reiterates Sell on Fitbit, says not an acquisition target
Citi analyst Jim Suva reiterates a Sell rating on Fitbit (FIT) with a $5 price target following the company's Q2 results, which he notes were largely better than expected except for a decline in free cash flow. Apple's (AAPL) smart watch is smarter than Fitbit's (FIT) smartwatches, which do not allow "robust" two-way communication or a lengthy app catalog, and the price differential is immaterial, Suva tells investors in a post-earnings research note. Further, he does not see Fitbit as an acquisition target.
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).

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$NYE

NYSE Market Internals

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S&P 500

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SPDR S&P 500 ETF Trust

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SPDR S&P 500 ETF Trust

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VOD

Vodafone

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-0.635 (-2.74%)

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Vodafone analyst commentary  »

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TSLA

Tesla

$335.00

-12.6 (-3.62%)

12:10
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Tesla analyst commentary  »

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  • 29

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LB

L Brands

$31.63

-1.1 (-3.36%)

12:10
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Options
Bullish longer-term option play in L Brands ahead of earnings next week »

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  • 23

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AMP

Ameriprise

$137.45

-1.23 (-0.89%)

12:10
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Ameriprise to pay $4.5M for not safeguarding client assets »

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SCHN

Schnitzer Steel

$25.95

-2.3 (-8.14%)

12:09
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12:09
Conference/Events
Schnitzer Steel management to meet with KeyBanc »

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TSLA

Tesla

$334.50

-13.1 (-3.77%)

, GS

Goldman Sachs

$229.91

0.38 (0.17%)

12:08
08/15/18
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Periodicals
Breaking Periodicals news story on Tesla, Goldman Sachs »

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Tesla

$334.50

-13.1 (-3.77%)

GS

Goldman Sachs

$229.91

0.38 (0.17%)

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  • 29

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CRC

California Resources

$28.77

-3.32 (-10.35%)

12:05
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Options
California Resources call volume above normal and directionally bullish »

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  • 04

    Sep

TSLA

Tesla

$334.80

-12.8 (-3.68%)

12:04
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12:04
Periodicals
Silver Lake would like to participate in Tesla deal, DealBook says »

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  • 29

    Oct

ATVI

Activision Blizzard

$68.98

-2.31 (-3.24%)

, SNE

Sony

$53.46

-0.83 (-1.53%)

12:02
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12:02
Hot Stocks
Activision's Call of Duty World League Championship comes to Ohio this week »

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ATVI

Activision Blizzard

$68.98

-2.31 (-3.24%)

SNE

Sony

$53.46

-0.83 (-1.53%)

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  • 04

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PFGC

Performance Food Group

$33.30

-4.3 (-11.44%)

12:00
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08/15
12:00
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Hot Stocks
Performance Food Group falls -11.4% »

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  • 15

    Aug

CANG

Cango

$8.90

-1.6 (-15.24%)

12:00
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Hot Stocks
Cango falls -12.0% »

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M

Macy's

$36.24

-5.63 (-13.45%)

12:00
08/15/18
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Macy's falls -13.4% »

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  • 15

    Aug

  • 17

    Sep

UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

$10.22

1.31 (14.70%)

12:00
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Hot Stocks
ProShares Trust Ultra VIX Short Term Futures ETF rises 14.6% »

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KMG

KMG Chemicals

$77.39

10.61 (15.89%)

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KMG Chemicals rises 15.7% »

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CGC

Canopy Growth

$30.29

5.67 (23.03%)

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Canopy Growth rises 22.9% »

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  • 15

    Aug

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Short-covering on the S&P 500 ahead of 2.8k »

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M

Macy's

$36.27

-5.6 (-13.37%)

, STZ

Constellation Brands, also tag STZ.B

$202.15

-19.62 (-8.85%)

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General news
Fly Intel: Wall Street's top stories at midday »

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M

Macy's

$36.27

-5.6 (-13.37%)

STZ

Constellation Brands, also tag STZ.B

$202.15

-19.62 (-8.85%)

CGC

Canopy Growth

$30.21

5.59 (22.71%)

KMG

KMG Chemicals

$77.30

10.52 (15.75%)

CCMP

Cabot Microelectronics

$111.65

-9.67 (-7.97%)

PETQ

PetIQ

$34.99

6.73 (23.81%)

FANG

Diamondback Energy

$120.33

-13.42 (-10.03%)

EGN

Energen

$76.24

3.09 (4.22%)

CASA

Casa Systems

$12.20

-3.425 (-21.93%)

STZ.B

Constellation Brands

$212.44

-8.54 (-3.86%)

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  • 15

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APC

Anadarko

$64.41

-2.56 (-3.82%)

11:55
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Options
Anadarko put volume heavy and directionally bearish »

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CRVS

Corvus Pharmaceuticals

$9.47

0.44 (4.87%)

11:55
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Corvus Pharmaceuticals rating change  »

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BXS

BancorpSouth

$34.20

-0.2 (-0.58%)

11:45
08/15/18
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Conference/Events
BancorpSouth management to meet with Stephens »

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  • 22

    Aug

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BXS

BancorpSouth

$34.20

-0.2 (-0.58%)

11:45
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Conference/Events
BancorpSouth management to meet with Stephens »

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  • 22

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ALRM

Alarm.com

$50.63

0.02 (0.04%)

11:43
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Alarm.com management to meet with Maxim »

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  • 22

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11:41
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Stephens healthcare analyst to hold an analyst/industry conference call »

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