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CREE

Cree

$49.94

-0.34 (-0.68%)

15:19
08/14/18
08/14
15:19
08/14/18
15:19

Cree options imply 15.2% move in share price post-earnings, above median historical move

Pre-earnings options volume in Cree is 5.9x normal with calls leading puts 9:7. Implied volatility suggests the market is anticipating a move near 15.2%, or $7.60, after results are released. Median move over the past eight quarters is 8.1%.

  • 14

    Aug

CREE Cree
$49.94

-0.34 (-0.68%)

08/03/18
ADAM
08/03/18
INITIATION
Target $61
ADAM
Buy
Cree initiated with a Buy at Canaccord
Canaccord analyst Jed Dorsheimer initiated Cree with a Buy rating citing the management team's focus on the high power, high value silicon carbide and gallium nitride components and LED components. He believes the company is well positioned in the various secular themes of electrification in the transportation markets as well as high voltage applications in industrial automation. Dorsheimer has a $61 price target on Cree shares.
07/19/18
NOMU
07/19/18
INITIATION
NOMU
Nomura rolls out Analog Semi coverage, names ON top pick
Nomura Instinet analyst Krysten Sciacca last night rolled out coverage on Analog Semiconductors. The analyst expects the group to outperform throughout the remainder of 2018 given its "steadier business models" versus other semi sectors, "strong" free cash flow generation and the "strong" demand coming from the auto and industrial applications. Her top pick is ON Semiconductor (ON), which the analyst initiated with a Buy rating and $30 price target. ON currently trades at a 35% discount to the Analog group, but its multiple should expand as investors come to better appreciate the company's exposure to industrial and auto, Sciacca told investors in a research note. She believes the company's 2020 target model will likely prove conservative. Sciacca also initiated coverage of Microchip (MCHP) with a Buy rating and $110 price target. The stock currently trades at a 22% discount to the comp group, but its "aggressive" de-leveraging, market share gains, and "strong" executional track record warrant the stock returning to its historical five-year average premium of 2%, the analyst contends. She initiated Cree (CREE) with a Hold rating and $44 price target saying the stock is already pricing in tailwinds and assumed coverage of Analog Devices (ADI) with a Neutral rating and $100 price target.
07/19/18
07/19/18
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. Clorox (CLX) initiated with a Sell at UBS. 2. Cree (CREE) initiated with a Neutral at Nomura Instinet. 3. Paycom (PAYC) initiated with a Buy at Needham. 4. Lonestar Resources (LONE) initiated with a Buy at SunTrust. 5. ON Semiconductor (ON) initiated with a Buy at Nomura Instinet. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/18/18
NOMU
07/18/18
INITIATION
Target $44
NOMU
Neutral
Cree initiated with a Neutral at Nomura Instinet
Nomura initiated Cree with a Neutral and $44 price target.

TODAY'S FREE FLY STORIES

FLR

Fluor

$34.11

0.29 (0.86%)

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FIVE

Five Below

$101.38

1.86 (1.87%)

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BTC

Bitcoin

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, BITCOIN

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PK

Park Hotels & Resorts

$29.28

0.08 (0.27%)

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PK

Park Hotels & Resorts

$29.28

0.08 (0.27%)

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CNP

CenterPoint Energy

$28.90

0.12 (0.42%)

17:37
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CenterPoint Energy raises dividend 4% to 28.75c per share »

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UPLD

Upland Software

$27.47

0.51 (1.89%)

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Syndicate
Breaking Syndicate news story on Upland Software »

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GNTY

Guaranty Bancshares

$29.78

0.13 (0.44%)

17:32
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BW

Babcock & Wilcox

$0.77

0.0569 (7.94%)

17:32
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Babcock & Wilcox receives purchase orders for 11 industrial boilers in Q4 »

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GVA

Granite Construction

$42.75

0.4 (0.94%)

17:31
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Granite Construction awarded $50M highway improvement contract in Nevada »

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GE

General Electric

$6.72

-0.05 (-0.74%)

17:17
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General Electric awarded maximum $157.73M Defense Logistics Agency contract »

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DE

Deere

$148.16

1.17 (0.80%)

17:16
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Deere reports rolling 3 month retail sales trends to November »

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XPO

XPO Logistics

$60.25

-6.42 (-9.63%)

17:10
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Initiation
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SAIA

Saia

$55.30

(0.00%)

17:09
12/12/18
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Initiation
Saia initiated  »

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  • 18

    Dec

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JNJ

Johnson & Johnson

$147.18

0.66 (0.45%)

17:09
12/12/18
12/12
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17:09
Periodicals
J&J said to be ready to pay more than $400M to settle hip cases, Bloomberg says »

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  • 12

    Dec

  • 12

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ECHO

Echo Global

$21.76

-0.44 (-1.98%)

17:08
12/12/18
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Initiation
Echo Global initiated  »

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COOP

Mr. Cooper

$14.20

0.24 (1.72%)

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ARCB

ArcBest

$36.49

0.42 (1.16%)

17:08
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LSTR

Landstar System

$96.61

-0.06 (-0.06%)

17:07
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Initiation
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R

Ryder

$51.17

0.08 (0.16%)

17:06
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Initiation
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  • 13

    Dec

SPXC

SPX Corporation

$27.51

0.43 (1.59%)

17:06
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QTNA

Quantenna Communications

$14.92

0.11 (0.74%)

17:03
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Quantenna further strengthens its strategic partnership with Telefonica »

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  • 06

    Jan

WGO

Winnebago

$21.11

0.03 (0.14%)

17:01
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Winnebago raises quarterly dividend to 11c from 10c per share »

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  • 19

    Dec

LOW

Lowe's

$92.13

2.64 (2.95%)

16:52
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  • 12

    Dec

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HFBL

Home Federal Bancorp

$31.19

(0.00%)

16:51
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