Breaking News Instant updates and real-time market news.

TSLA

Tesla

$305.33

-30.13 (-8.98%)

, F

Ford

$9.56

0.04 (0.42%)

06:29
08/20/18
08/20
06:29
08/20/18
06:29

Tesla CEO says cutting back on work hours is not an option, CNBC reports

After Arianna Huffington called on Tesla (TSLA) CEO Elon Musk to adopt a healthier work-life balance in an open letter, Musk responded in a tweet, in an apparent reference to his long work hours, saying, "You think this is an option. It is not.", CNBC reports, citing the tweets. Musk, who previously said he has been working up to 120 hours a week, told the Huffington Post founder that Tesla and Ford (F) are the only two American automakers that have avoided bankruptcy. Reference Link]:[https://www.cnbc.com/2018/08/20/elon-musk-toarianna-huffington-cutting-back-on-my-work-hours-isnt-an-option.html]

TSLA

Tesla

$305.33

-30.13 (-8.98%)

F

Ford

$9.56

0.04 (0.42%)

  • 31

    Aug

  • 29

    Oct

TSLA Tesla
$305.33

-30.13 (-8.98%)

08/16/18
EVER
08/16/18
NO CHANGE
Target $301
EVER
In Line
After visiting Tesla's Freemont facility, Evercore ISI says Model 3 'on track'
Evercore ISI analyst George Galliers said he is a bit more positive on Tesla following his trip to the company's Freemont facility, stating that Tesla "seems well on the way" to achieving steady production of 5,000 to 6,000 Model 3 units per week and that reaching 7,000 to 8,000 units per week seems "well within reach." Following the trip, he said the Model 3 looks to be "on track" and while he continues to forecast second half Model 3 production of 123,000 units, Galliers now believes his estimate could be 4%-7% too low. He maintains an In Line rating on Tesla shares with a $301 price target.
08/16/18
BERN
08/16/18
NO CHANGE
Target $325
BERN
Tesla price target raised to $325 after 'taking company private' tweet at Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. raised his price target for Tesla to $325 after Elon Musk shocked investors last week when he tweeted that he was considering a take-private transaction for Tesla at $420 per share, and given the fact that it has been over a year since the analyst last adjusted his price target. Sacconaghi sees the odds of a successful take-private transaction at less than 50%, with downside to about $300 and upside to approximately $400.
08/15/18
VERT
08/15/18
NO CHANGE
VERT
Sell
Goldman involvement with Tesla 'doesn't mean anything,' says Vertical Research
Vertical Research analyst Gordon Johnson said Goldman Sachs (GS) being confirmed as a financial advisor to Tesla's (TSLA) proposed go-private offer "does not mean anything" beyond the "superficial optics" of the carmaker being able to "use Goldman's prestigious name to lend credence to the deal." Goldman is "in it for M&A fees" and agreeing to be an advisor is "not based on any inherent understanding of Tesla's value proposition, nor is it based on Goldman's confidence in Tesla's legal situation with respect to its significant issues surrounding disclosures and SEC involvement," according to Johnson, who maintains a Sell rating on Tesla shares.
08/15/18
VERT
08/15/18
NO CHANGE
Target $88
VERT
Sell
Vertical Research says Model 3 demand 'collapsing,' Tesla unlikely to go private
Vertical Research analyst Gordon Johnson, who has had a Sell rating on Tesla since initiating coverage of the stock in April of this year, said in a note to investors earlier that he views Elon Musk's go-private proposition as a "distraction" from what appear to be several signs of "collapsing" demand for the Model 3. Among the signs of disappointing demand he points to are "thousands of M3s are being sighted in parking lots across CA"; data from Second Measure that points to no surge in configurations when Tesla opened up M3s to the general public; data showing that demand in Norway, Tesla's third largest market, was its "weakest ever" in July; and demand crashing in China and Canada due to car import tariffs and cutting of a subsidy, respectively. Noting that Lehman Brothers had floated the idea of being taken private in 2008, Johnson said that once any potential buyer gets into Tesla's books "the prospect of a $40bn-$50bn investment will evaporate" similar to what happened to the troubled bank. Johnson maintains a Sell rating with an $88 price target on Tesla shares.
F Ford
$9.56

0.04 (0.42%)

08/14/18
NOMU
08/14/18
NO CHANGE
Target $9
NOMU
Neutral
Ford price target lowered to $9 from $10 at Nomura Instinet
Nomura Instinet analyst Anindya Das lowered his price target for Ford to $9 after reducing fiscal 2018 earnings per share estimate by 17% to $1.20. The analyst lowered his outlook for Ford's Asia Pacific operations based on first half of 2018 sales trends and also sees Europe becoming more difficult. Das keeps a Neutral rating on Ford shares.
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.
07/20/18
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.
07/20/18
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.

TODAY'S FREE FLY STORIES

BASFY

BASF

$0.00

(0.00%)

, EMR

Emerson

$64.81

-0.86 (-1.31%)

09:07
05/20/19
05/20
09:07
05/20/19
09:07
Hot Stocks
BASF awards Emerson multi-million dollar contract for automation at German plant »

As part of its five-year…

BASFY

BASF

$0.00

(0.00%)

EMR

Emerson

$64.81

-0.86 (-1.31%)

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

See Street Research during your Free Trial

  • 21

    May

  • 06

    Aug

PRU

Prudential

$98.79

-0.63 (-0.63%)

09:07
05/20/19
05/20
09:07
05/20/19
09:07
Hot Stocks
Prudential appoints Stacey Goodman as Chief Information Officer »

Prudential Financial…

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

See Street Research during your Free Trial

  • 05

    Jun

  • 05

    Jun

PRGO

Perrigo

$49.65

-0.24 (-0.48%)

09:06
05/20/19
05/20
09:06
05/20/19
09:06
Recommendations
Perrigo analyst commentary  »

Perrigo price target…

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

See Street Research during your Free Trial

  • 05

    Jun

SLGG

Super League Gaming

$7.43

-0.5 (-6.31%)

09:05
05/20/19
05/20
09:05
05/20/19
09:05
Conference/Events
Super League Gaming management to meet with Lake Street »

Meeting to be held in New…

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

See Street Research during your Free Trial

  • 22

    May

HON

Honeywell

$169.95

-0.8 (-0.47%)

09:05
05/20/19
05/20
09:05
05/20/19
09:05
Hot Stocks
Honeywell selected to provide JetWave satellite communications for 70 C-17 »

Honeywell was selected to…

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

See Street Research during your Free Trial

  • 20

    May

NDRA

Endra Life Sciences

$1.14

-0.05 (-4.20%)

09:05
05/20/19
05/20
09:05
05/20/19
09:05
Initiation
Endra Life Sciences initiated  »

Endra Life Sciences…

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

See Street Research during your Free Trial

S

Sprint

$6.18

0.105 (1.73%)

, TMUS

T-Mobile

$75.39

0.01 (0.01%)

09:05
05/20/19
05/20
09:05
05/20/19
09:05
Hot Stocks
Fly Intel: Pre-market Movers »

HIGHER: Sprint (S) and…

S

Sprint

$6.18

0.105 (1.73%)

TMUS

T-Mobile

$75.39

0.01 (0.01%)

GOOGL

Alphabet Class A

$1,168.28

-15.39 (-1.30%)

GOOG

Alphabet

$1,161.89

-16.89 (-1.43%)

INTC

Intel

$44.88

-0.77 (-1.69%)

QCOM

Qualcomm

$81.52

-1.08 (-1.31%)

AVGO

Broadcom

$289.86

-9.86 (-3.29%)

STM

STMicroelectronics

$16.98

-0.52 (-2.97%)

XLNX

Xilinx

$104.76

-2.98 (-2.77%)

QGEN

Qiagen

$37.09

-0.41 (-1.09%)

MDCO

The Medicines Co.

$33.01

-0.19 (-0.57%)

PDD

Pinduoduo

$22.69

0.13 (0.58%)

SPTN

SpartanNash

$14.94

-0.27 (-1.78%)

LITE

Lumentum

$46.30

-4.15 (-8.23%)

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

See Street Research during your Free Trial

  • 20

    May

  • 20

    May

  • 20

    May

  • 22

    May

  • 22

    May

  • 23

    May

  • 24

    May

  • 28

    May

  • 29

    May

  • 31

    May

  • 03

    Jun

  • 13

    Jun

  • 13

    Jun

  • 19

    Jun

  • 19

    Jun

  • 20

    Jun

  • 25

    Jul

  • 31

    Jul

  • 06

    Aug

  • 27

    Oct

IVAC

Intevac

$5.56

-0.08 (-1.42%)

09:03
05/20/19
05/20
09:03
05/20/19
09:03
Hot Stocks
Intevac announces agreement to deliver VERTEX Spectra to glass manufacturer »

Intevac announced it has…

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

See Street Research during your Free Trial

NUE

Nucor

$53.28

-1.94 (-3.51%)

09:03
05/20/19
05/20
09:03
05/20/19
09:03
Hot Stocks
Nucor announces capital investment at South Carolina bar mill »

Nucor announced a capital…

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

See Street Research during your Free Trial

GRUB

GrubHub

$61.71

-0.55 (-0.88%)

09:02
05/20/19
05/20
09:02
05/20/19
09:02
Hot Stocks
GrubHub, Smoothie King announce expanded partnership »

Grubhub and Smoothie King…

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

See Street Research during your Free Trial

  • 21

    May

  • 28

    May

  • 05

    Jun

  • 27

    Jun

S

Sprint

$6.18

0.105 (1.73%)

, TMUS

T-Mobile

$75.39

0.01 (0.01%)

09:02
05/20/19
05/20
09:02
05/20/19
09:02
Periodicals
FCC, Sprint, T-Mobile set to announce agreement on deal, CNBC reports »

Sprint (S) and T-Mobile…

S

Sprint

$6.18

0.105 (1.73%)

TMUS

T-Mobile

$75.39

0.01 (0.01%)

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

See Street Research during your Free Trial

  • 13

    Jun

EARS

Auris Medical

$3.12

-0.06 (-1.89%)

09:02
05/20/19
05/20
09:02
05/20/19
09:02
Hot Stocks
Auris Medical regains compliance with Nasdaq »

Auris Medical announced…

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

See Street Research during your Free Trial

PANW

Palo Alto Networks

$225.78

0.39 (0.17%)

, ZS

Zscaler

$78.79

-0.7 (-0.88%)

08:59
05/20/19
05/20
08:59
05/20/19
08:59
Recommendations
Palo Alto Networks, Zscaler, Okta analyst commentary at Piper Jaffray »

Palo Alto Networks checks…

PANW

Palo Alto Networks

$225.78

0.39 (0.17%)

ZS

Zscaler

$78.79

-0.7 (-0.88%)

OKTA

Okta

$110.91

1.18 (1.08%)

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

See Street Research during your Free Trial

  • 29

    May

  • 30

    May

  • 30

    May

  • 05

    Jun

  • 10

    Jun

  • 13

    Jun

  • 09

    Jul

TMUS

T-Mobile

$75.39

0.01 (0.01%)

, S

Sprint

$6.18

0.105 (1.73%)

08:59
05/20/19
05/20
08:59
05/20/19
08:59
Hot Stocks
T-Mobile CEO says filed commitments with FCC on Sprint merger »

T-Mobile (TMUS) CEO John…

TMUS

T-Mobile

$75.39

0.01 (0.01%)

S

Sprint

$6.18

0.105 (1.73%)

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

See Street Research during your Free Trial

  • 13

    Jun

HUM

Humana

$247.95

5.91 (2.44%)

08:57
05/20/19
05/20
08:57
05/20/19
08:57
Conference/Events
Humana management to meet with CIBC »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 22

    May

  • 23

    May

  • 23

    May

  • 30

    May

  • 13

    Nov

SBGSY

Schneider Electric

$0.00

(0.00%)

, FTV

Fortive

$80.55

-0.79 (-0.97%)

08:56
05/20/19
05/20
08:56
05/20/19
08:56
Conference/Events
Electrical Products Group to hold a conference »

EGP 2019 will be held in…

SBGSY

Schneider Electric

$0.00

(0.00%)

FTV

Fortive

$80.55

-0.79 (-0.97%)

HON

Honeywell

$169.95

-0.8 (-0.47%)

MMM

3M

$169.07

-2.74 (-1.59%)

SI

Symbol now SIEGY

$0.00

(0.00%)

JCI

Johnson Controls

$38.95

-0.22 (-0.56%)

SWK

Stanley Black & Decker

$134.90

-3.425 (-2.48%)

IR

Ingersoll-Rand

$120.94

-0.97 (-0.80%)

ROK

Rockwell Automation

$160.32

-2.7 (-1.66%)

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

See Street Research during your Free Trial

  • 20

    May

  • 29

    May

  • 04

    Jun

  • 05

    Jun

EFX

Equifax

$121.08

-0.415 (-0.34%)

08:55
05/20/19
05/20
08:55
05/20/19
08:55
Conference/Events
Equifax management to meet with JPMorgan »

Meeting to be held in New…

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

See Street Research during your Free Trial

  • 23

    May

  • 03

    Jun

  • 05

    Jun

  • 13

    Nov

LSCC

Lattice Semiconductor

$12.33

-1.26 (-9.27%)

08:55
05/20/19
05/20
08:55
05/20/19
08:55
Conference/Events
Lattice Semiconductor to host analyst & investor day »

Analyst & Investor…

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

See Street Research during your Free Trial

  • 20

    May

  • 28

    May

ZM

Zoom Video

$89.91

6.14 (7.33%)

08:54
05/20/19
05/20
08:54
05/20/19
08:54
Initiation
Zoom Video initiated at William Blair »

William Blair starts…

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

See Street Research during your Free Trial

  • 06

    Jun

UAL

United Continental

$81.52

-1.07 (-1.30%)

, AAL

American Airlines

$31.76

-0.68 (-2.10%)

08:54
05/20/19
05/20
08:54
05/20/19
08:54
Recommendations
United Continental, American Airlines, Delta Air Lines analyst commentary at Morgan Stanley »

Morgan Stanley upgrades…

UAL

United Continental

$81.52

-1.07 (-1.30%)

AAL

American Airlines

$31.76

-0.68 (-2.10%)

DAL

Delta Air Lines

$54.89

-0.52 (-0.94%)

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

See Street Research during your Free Trial

  • 21

    May

  • 22

    May

  • 29

    May

  • 12

    Jun

  • 12

    Jun

  • 20

    Jun

DIS

Disney

$135.04

-0.46 (-0.34%)

08:52
05/20/19
05/20
08:52
05/20/19
08:52
Conference/Events
Disney management to meet with Guggenheim »

Meeting to be held in Los…

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

See Street Research during your Free Trial

  • 23

    May

  • 24

    Jun

WVE

Wave Life Sciences

$26.21

0.18 (0.69%)

08:52
05/20/19
05/20
08:52
05/20/19
08:52
Recommendations
Wave Life Sciences analyst commentary  »

Wave Life Sciences price…

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

See Street Research during your Free Trial

CALA

Calithera Biosciences

$5.66

-0.06 (-1.05%)

08:51
05/20/19
05/20
08:51
05/20/19
08:51
Conference/Events
Calithera Biosciences management to meet with William Blair »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 22

    May

  • 23

    May

  • 30

    May

  • 31

    May

08:50
05/20/19
05/20
08:50
05/20/19
08:50
General news
Fed's Bostic said he can't tell whether the next Fed move will be a cut or a hike »

Fed's Bostic said he…

08:50
05/20/19
05/20
08:50
05/20/19
08:50
General news
FX Action: USD-CAD »

FX Action: USD-CAD fell…

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.