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GE

General Electric

$12.49

0.05 (0.40%)

11:00
08/14/18
08/14
11:00
08/14/18
11:00

GE Bear lays out $1.68M for 66day downside spread

GE Bear lays out $1.68M for 66day downside spread. Trader paid 22.5c for 75K Oct 11/12 put spreads on the Amex this morning as shares traded $12.49. Both legs open, and the buyer might be hedging a long stock position from further losses as shares have shed nearly 25% this year. Breakeven at maturity, 66 days from now, is about 5% lower. Max value of $1 if shares were to close below $11 on that date would make for a gain near 340%, or $5.8M on the premium.

  • 25

    Sep

  • 27

    Sep

GE General Electric
$12.49

0.05 (0.40%)

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

MPW

Medical Properties Trust

$16.10

-0.76 (-4.51%)

06:57
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06:57
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NSANY

Nissan

$0.00

(0.00%)

06:57
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Ghosn's push to boost U.S. sales created tension with Nissan execs, WSJ reports »

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NVAX

Novavax

$2.27

-0.15 (-6.20%)

06:57
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SBRA

Sabra Health Care

$18.01

-0.71 (-3.79%)

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Sabra Health Care rating change  »

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MPW

Medical Properties Trust

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SHOP

Shopify

$129.45

-10.68 (-7.62%)

06:56
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06:56
Initiation
Shopify initiated  »

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LFC

China Life Insurance

$10.39

-0.17 (-1.61%)

06:55
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06:55
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China Life Insurance rating change  »

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RDS.A

Royal Dutch Shell

$57.72

-0.515 (-0.88%)

06:55
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12/18
06:55
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06:55
Initiation
Royal Dutch Shell initiated  »

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RCII

Rent-A-Center

$14.45

-0.03 (-0.21%)

06:55
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06:55
Hot Stocks
Breaking Hot Stocks news story on Rent-A-Center »

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SNDR

Schneider National

$19.12

-0.015 (-0.08%)

06:54
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12/18
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06:54
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Schneider National rating change  »

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BP

BP

$38.41

-0.25 (-0.65%)

06:53
12/18/18
12/18
06:53
12/18/18
06:53
Initiation
BP initiated  »

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QCOM

Qualcomm

$56.99

-0.63 (-1.09%)

, AAPL

Apple

$164.05

-1.43 (-0.86%)

06:52
12/18/18
12/18
06:52
12/18/18
06:52
Periodicals
Qualcomm believes Apple is still violating Chinese court order, Reuters reports »

Qualcomm (QCOM) thinks…

QCOM

Qualcomm

$56.99

-0.63 (-1.09%)

AAPL

Apple

$164.05

-1.43 (-0.86%)

03/08/13
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APHB

AmpliPhi

$0.16

-0.0264 (-14.13%)

06:52
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06:52
Hot Stocks
AmpliPhi announces scales up manufacturing process for AB-SA01 »

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DEI

Douglas Emmett

$34.06

-1.39 (-3.92%)

06:52
12/18/18
12/18
06:52
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06:52
Downgrade
Douglas Emmett rating change  »

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NSC

Norfolk Southern

$147.63

-3.18 (-2.11%)

06:52
12/18/18
12/18
06:52
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06:52
Upgrade
Norfolk Southern rating change  »

JPMorgan upgrades Norfolk…

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LLY

Eli Lilly

$108.36

-3.59 (-3.21%)

06:51
12/18/18
12/18
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06:51
Hot Stocks
Eli Lilly announces subgroup data from MONARCH 2, MONARCH 3 trials published »

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  • 19

    Dec

LXFR

Luxfer

$21.42

-1.26 (-5.56%)

06:50
12/18/18
12/18
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06:50
Conference/Events
Luxfer to host conference call »

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  • 18

    Dec

ELY

Callaway Golf

$15.53

-1.11 (-6.67%)

06:50
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06:50
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KSU

Kansas City Southern

$95.83

-0.86 (-0.89%)

06:48
12/18/18
12/18
06:48
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06:48
Downgrade
Kansas City Southern rating change  »

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PGTI

PGT Innovations

$16.18

-0.23 (-1.40%)

06:45
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CI

Cigna

$198.63

-6.71 (-3.27%)

, INFO

IHS Markit

$48.56

-0.27 (-0.55%)

06:45
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12/18
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Recommendations
Cigna, IHS Markit, Humana analyst commentary  »

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CI

Cigna

$198.63

-6.71 (-3.27%)

INFO

IHS Markit

$48.56

-0.27 (-0.55%)

HUM

Humana

$303.84

3.43 (1.14%)

03/08/13
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  • 04

    Jan

  • 10

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  • 15

    Jan

PM

Philip Morris

$81.39

-1.15 (-1.39%)

, BTI

British American Tobacco

$32.73

-0.36 (-1.09%)

06:42
12/18/18
12/18
06:42
12/18/18
06:42
Downgrade
Philip Morris, British American Tobacco, Imperial Brands rating change  »

Philip Morris downgraded…

PM

Philip Morris

$81.39

-1.15 (-1.39%)

BTI

British American Tobacco

$32.73

-0.36 (-1.09%)

IMBBY

Imperial Brands

$0.00

(0.00%)

03/08/13
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  • 15

    Jan

  • 16

    Jan

  • 17

    Jan

CTRP

Ctrip

$27.31

-0.86 (-3.05%)

06:42
12/18/18
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06:42
Periodicals
Ctrip CEO says U.S. trade dispute impacted tourism, FT reports »

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  • 19

    Dec

NAV

Navistar

$23.84

-1.93 (-7.49%)

06:37
12/18/18
12/18
06:37
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06:37
Earnings
Navistar sees FY19 revenue $10.75B-$11.25B, consensus $10.57B »

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  • 18

    Dec

GD

General Dynamics

$163.43

-5.47 (-3.24%)

06:36
12/18/18
12/18
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06:36
Periodicals
General Dynamics warns Canada over scrapping Saudi deal, Reuters reports »

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  • 19

    Dec

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