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DAL

Delta Air Lines

$57.55

1.9 (3.41%)

12:25
08/20/18
08/20
12:25
08/20/18
12:25

Delta Air Lines call volume above normal and directionally bullish

Bullish option flow detected in Delta Air Lines with 23,181 calls trading, 4x expected, and implied vol increasing almost 3 points to 22.95%. Oct-18 60 calls and Oct-18 62.5 calls are the most active options, with total volume in those strikes near 10,300 contracts. The Put/Call Ratio is 0.16. Earnings are expected on October 11th.

  • 06

    Sep

DAL Delta Air Lines
$57.55

1.9 (3.41%)

08/08/18
MSCO
08/08/18
NO CHANGE
Target $67
MSCO
Overweight
Southwest would be good strategic fit for Berkshire, says Morgan Stanley
Morgan Stanley analyst Kai Pan noted that Berkshire Hathaway (BRK.A) has shifted tone in recent years and become a top three shareholder of the "Big Four" U.S. airlines, including Southwest (LUV). Media reports from Forbes, CNN and others have discussed a possible acquisition by Berkshire of the airline, added Pan, who said he has no knowledge of any M&A discussions and noted that the airlines have not commented. Given that background, he analyzed a theoretical acquisition and came to the conclusion that Southwest could be a strategic fit for Berkshire and the advantages could also be compelling for the airline. Pan estimates Berkshire could pay a 20-40% premium, or $70-80 per share for Southwest, in such a hypothetical takeover situation, in which he also thinks Berkshire would divest its current holdings in American Airlines (AAL), Delta (DAL) and United Continental (UAL). Pan has an Overweight rating and $67 price target on Southwest shares.
07/16/18
LEHM
07/16/18
NO CHANGE
Target $68
LEHM
Equal Weight
Barclays lowers Airlines targets to reflect 'more realistic' valuations
Barclays analyst Brandon Oglenski reduced his price targets across the North America Airlines group to reflect near-term earnings headwinds from higher fuel prices as well as a "more realistic valuation outlook." Nonetheless, domestic U.S. demand "appears quite strong," with 2018 industry revenue expected to expand high single digits, Oglenski tells investors in a research note. He believes discussion of incremental capacity reductions through earrings season could help put a floor in stock prices. The analyst lowered his price target for Underweight-rated Allegiant Travel Company (ALGT) to $117 from $135, for Equal Weight-rated Alaska Air Group (ALK) to $68 from $80, for Overweight-rated American Airlines Group (AAL) to $60 from $68, for Overweight-rated Delta Air Lines (DAL) to $62 from $73, for Overweight-rated JetBlue Airways (JBLU) to $27 from $29, for Equal Weight-rated Southwest Airlines (LUV) to $65 from $74, for Equal Weight-rated Spirit Airlines (SAVE) to $42 from $49 and for Overweight-rated United Continental Holdings (UAL) to $78 from $80.
07/03/18
07/03/18
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. United Continental (UAL), American Airlines (AAL), and Delta Airlines (DAL) downgraded to Hold from Buy at Deutsche Bank with analyst Michael Linenberg saying in a world of "heightened" macroeconomic and geopolitical risks, economically-sensitive, high beta stocks such as airlines typically underperform the broader market. 2. Belmond (BEL) downgraded to Underweight from Overweight at Barclays with analyst Felicia Hendrix citing an analysis of the company's progress on its growth targets announced back in June 2016. 3. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank with analyst Jonathan Arnold saying The Federal Energy Regulatory Commission order raised new questions over New Jersey zero-emission credits. 4. PepsiCo (PEP) downgraded to Hold from Buy at Deutsche Bank with analyst Stephen Powers viewing the current valuation as a "bit bubbly." 5. Watsco (WSO), Fastenal (FAST), and Grainger (GWW) downgraded to Neutral from Outperform at Baird with analyst David Manthey saying he thinks the cycle and individual company results could remain solid for quarters or years to come, but he believes the cycle is in its later stages, thereby elevating risks to gross margins, rising labor costs, and earnings deceleration in 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/03/18
DBAB
07/03/18
NO CHANGE
DBAB
Deutsche downgrades three airlines on 'headline risk' from trade dispute
Deutsche Bank analyst Michael Linenberg downgraded his ratings on American Airlines Group (AAL), Delta Air Lines (DAL) and United Continental (UAL) to Hold from Buy. The analyst cut his price target for American to $43 from $60, for Delta to $53 from $64 and for United to $74 from $81. In a world of "heightened" macroeconomic and geopolitical risks, economically-sensitive, high beta stocks such as airlines typically underperform the broader market, Linenberg tells investors in a research note. The possibility that the current trade dispute between the U.S. and its global partners could become something bigger is problematic for the airline industry's sales growth, the analyst adds. Further, Linenberg argues, the growing trade dispute may cause U.S. companies to reconsider their spending and employment plans, which would adversely impact corporate travel. As a result, the analyst sees "headline risk" and a lack of near-term catalysts for the airline stocks. He keeps Buy ratings on Alaska Air (ALK), Allegiant Travel (ALGT), JetBlue Airways (JBLU), Southwest Airlines (LUV), Spirit Airlines (SAVE) and SkyWest (SKYW).

TODAY'S FREE FLY STORIES

TOL

Toll Brothers

$38.34

0.82 (2.19%)

16:31
05/21/19
05/21
16:31
05/21/19
16:31
Earnings
Toll Brothers reports Q2 EPS 87c, consensus 75c »

Reports Q2 revenue…

03/08/13
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  • 22

    May

MYL

Mylan

$19.67

0.225 (1.16%)

16:30
05/21/19
05/21
16:30
05/21/19
16:30
Hot Stocks
FDA: Mylan broadens recall of Valsartan tablets »

Mylan N.V.External Link…

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  • 31

    May

16:30
05/21/19
05/21
16:30
05/21/19
16:30
Options
Preliminary option volume of 15.0M today »

Preliminary option volume…

CDAY

Ceridian

$51.19

1.04 (2.07%)

16:29
05/21/19
05/21
16:29
05/21/19
16:29
Syndicate
Ceridian files to sell 8M shares of common stock for holders »

Goldman Sachs & Co.…

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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IT

Gartner

$154.12

1.62 (1.06%)

16:25
05/21/19
05/21
16:25
05/21/19
16:25
Hot Stocks
Gartner VP Robin Kranich sellls over $980K in company shares »

Gartner VP Robin Kranich…

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

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  • 30

    May

  • 03

    Jun

  • 05

    Jun

PSTG

Pure Storage

$20.60

0.6 (3.00%)

16:22
05/21/19
05/21
16:22
05/21/19
16:22
Hot Stocks
Pure Storage down 17% to $17.10 after Q1 results miss estimates »

The company's Q2 and…

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

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  • 21

    May

  • 05

    Jun

  • 20

    Jun

  • 09

    Jul

EXPR

Express

$3.45

0.08 (2.37%)

16:21
05/21/19
05/21
16:21
05/21/19
16:21
Hot Stocks
Express appoints Timothy Baxter CEO »

Express announced that…

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

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  • 30

    May

  • 12

    Jun

  • 18

    Jun

OOMA

Ooma

$14.49

-0.45 (-3.01%)

16:20
05/21/19
05/21
16:20
05/21/19
16:20
Earnings
Ooma narrows FY20 EPS view to (24c)-(19c) from (24c)-(14c), consensus (19c) »

Raises FY20 revenue view…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 21

    May

  • 05

    Jun

  • 10

    Jun

AVP

Avon Products

$3.20

0.06 (1.91%)

16:20
05/21/19
05/21
16:20
05/21/19
16:20
Options
Avon Products put buyer closes out long term trade »

Avon Products put buyer…

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

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
05/21/19
05/21
16:20
05/21/19
16:20
Options
Closing CBOE SPX and VIX Index summary for May 21st »

The CBOE Volatility Index…

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

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RRBI

Red River Bancshares

$49.95

(0.00%)

16:19
05/21/19
05/21
16:19
05/21/19
16:19
Initiation
Red River Bancshares initiated  »

Red River Bancshares…

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

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TRNS

Transcat

$24.25

0.13 (0.54%)

16:17
05/21/19
05/21
16:17
05/21/19
16:17
Hot Stocks
Transcat sees FY20 CapEx $7.8M-$9.2M »

Transcat expects its…

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

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  • 22

    May

AYR

Aircastle

$20.03

0.275 (1.39%)

16:17
05/21/19
05/21
16:17
05/21/19
16:17
Hot Stocks
Aircastle raises repurchase program up to $100M from $76M »

Aircastle announced that…

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

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  • 04

    Jun

  • 05

    Jun

  • 13

    Nov

OOMA

Ooma

$14.49

-0.45 (-3.01%)

16:17
05/21/19
05/21
16:17
05/21/19
16:17
Earnings
Ooma sees Q2 EPS (7c) to (5c), consensus (4c) »

Sees Q2 revenue…

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

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  • 21

    May

  • 05

    Jun

  • 10

    Jun

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
05/21/19
05/21
16:17
05/21/19
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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

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TRNS

Transcat

$24.25

0.13 (0.54%)

16:16
05/21/19
05/21
16:16
05/21/19
16:16
Earnings
Transcat reports Q4 EPS 35c, consensus 29c »

Reports Q4 revenue…

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

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  • 22

    May

RDNT

RadNet

$13.62

0.37 (2.79%)

16:16
05/21/19
05/21
16:16
05/21/19
16:16
Hot Stocks
RadNet officer John Crues sells 20K shares of company stock »

RadNet officer John Crues…

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

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  • 13

    Jun

PRSP

Perspecta

$22.33

0.36 (1.64%)

16:16
05/21/19
05/21
16:16
05/21/19
16:16
Hot Stocks
Perspecta increases quarterly dividend 20% »

Perspecta announced that…

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

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  • 06

    Jun

LIQT

LiqTech

$9.29

-0.21 (-2.21%)

16:16
05/21/19
05/21
16:16
05/21/19
16:16
Syndicate
LiqTech files to sell common stock, no amount given »

Stephens Inc. is acting…

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

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  • 28

    May

  • 03

    Jun

LIQT

LiqTech

$9.29

-0.21 (-2.21%)

16:16
05/21/19
05/21
16:16
05/21/19
16:16
Syndicate
LiqTech files to sell common stock, no amount given »

Stephens is acting as…

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

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  • 28

    May

  • 03

    Jun

OOMA

Ooma

$14.49

-0.45 (-3.01%)

16:16
05/21/19
05/21
16:16
05/21/19
16:16
Earnings
Ooma reports Q EPS (4c), consensus (5c) »

Reports Q1 revenue…

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

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  • 21

    May

  • 05

    Jun

  • 10

    Jun

$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
05/21/19
05/21
16:16
05/21/19
16:16
Technical Analysis
NYSE market internals summary »

Volume was below average…

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

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LFUS

Littelfuse

$170.78

1.7 (1.01%)

16:15
05/21/19
05/21
16:15
05/21/19
16:15
Initiation
Littelfuse initiated  »

Littelfuse initiated with…

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

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  • 23

    May

LUV

Southwest

$53.37

1.37 (2.63%)

16:15
05/21/19
05/21
16:15
05/21/19
16:15
Hot Stocks
Southwest says new AMFA contract 'benefits all parties' »

Southwest Airlines…

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

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  • 21

    May

  • 25

    Jul

  • 13

    Nov

URBN

Urban Outfitters

$27.01

0.05 (0.19%)

16:13
05/21/19
05/21
16:13
05/21/19
16:13
Earnings
Urban Outfitters reports Q1 EPS 31c, consensus 25c »

Reports Q1 revenue…

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

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  • 21

    May

  • 04

    Jun

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