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SNAP

Snap

$9.11

0.16 (1.79%)

10:00
09/25/18
09/25
10:00
09/25/18
10:00

Continued buying interest in Snap weekly calls

Continued buying interest in Snap weekly calls. 4.4K Sep 28th 10 and 3.6K Sep 28th 9.5 calls opened Monday. Shares up 13c to $9.13 and the action continues at the opening bell Tuesday, with small lots of Sep 28th 9.5 calls trading for 6 to 11c, while Sep 28th 10 calls for 4 and 5c. 2.2K Sep 28th 9.5 calls and 1.3K Sep 28th 10 calls trade so far. Total volume through fifteen minutes lopsided 2:1 at 7.8K calls and 3.9K puts. More than half the volume is in the weekly term that expires in three days.

  • 07

    Nov

SNAP Snap
$9.11

0.16 (1.79%)

09/13/18
PIVT
09/13/18
UPGRADE
Target $9
PIVT
Hold
Pivotal Research upgrades Snap to Hold following recent selloff
Pivotal Research analyst Brian Wieser upgraded Snap to Hold from Sell with an unchanged price target of $9. The stock closed yesterday down 7%, or 69c, to $9.20. Risks are still present, especially in the near-term, but current trading levels balance those risks with the company' long-term potential, Wieser tells investors in a research note. Risks include "aggressive competition from much larger companies," a core user base that is "not growing by much and is only relatively elusive," and a "sub-optimal corporate structure," according to the analyst. However, while Wieser does not expect Snap to be acquired "any time soon," he believes such an event can't be ruled out. "This at least should help to provide a floor on the company's underlying value, at least so long as usage trends don't crater," he contends.
09/13/18
09/13/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snap (SNAP) upgraded to Hold from Sell at Pivotal Research with analyst Brian Wieser saying risks are still present, especially in the near-term, but current trading levels balance those risks with the company' long-term potential. 2. DaVita (DVA) upgraded to Neutral from Underweight at JPMorgan with analyst Gary Taylor saying he now believes is it much more likely that California Governor Brown will veto the recently passed SB1156, which he notes would curtail the financial arbitrage that dialysis providers enjoy from charitable premium assistance. 3. Intel (INTC) upgraded to Market Perform from Underperform at Northland with analyst Auguste Richard saying the stock has corrected 23% from its 52-week high and is down 20% since mid-June. 4. Magna (MGA) upgraded to Outperformer from Neutral at CIBC. 5. Flowserve (FLS) upgraded to Buy from Neutral at Northcoast. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/13/18
09/13/18
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. MORGAN STANLEY CUTS FINISAR, CIENA TO EW: Morgan Stanley analyst Meta Marshall downgraded both Finisar (FNSR) and Ciena (CIEN) to Equal Weight from Overweight, as she adjusted her Optical Scorecard following the earnings reports from companies in the sector. The two stocks have closed the short-term valuation gaps that she previously believed existed with their respective moves up, Marshall said. The analyst added that she is being cautious ahead of Ciena's FY19 guidance, though she raised her price target on the stock to $32 from $30. Marshall, who kept a $20 price target on Finisar shares, said she thinks its catalysts don't come until calendar 2019. The analyst also noted that she is now Equal Weight on the space as a whole, as she also has Equal Weight ratings on Lumentum (LITE), II-VI (IIVI) and Acacia Communications (ACIA). BOFA CUTS WAYFAIR TO NEUTRAL: BofA Merrill Lynch analyst Askshay Bhatia downgraded Wayfair (W) to Neutral from Buy and raised its price target to $160 from $130. Bhatia believes growth is likely to decelerate ahead and sees increasing investments into 2019. Combining that with shares that are up 86% year-to-date leaves little room for further upside, the analyst added. SNAP UPPED TO HOLD FOLLOWING SELLOFF: Pivotal Research analyst Brian Wieser upgraded Snap (SNAP) to Hold from Sell with an unchanged price target of $9. Risks are still present, especially in the near-term, but current trading levels balance those risks with the company' long-term potential, Wieser said. Risks include "aggressive competition from much larger companies," a core user base that is "not growing by much and is only relatively elusive," and a "sub-optimal corporate structure," according to the analyst. BERNSTEIN STARTS NIO WITH UNDERPERFORM: Bernstein analyst Robin Zhu started coverage of NIO Inc. (NIO) with an Underperform rating and $4.20 price target. While the analyst is intrigued by many things, from its impressive branding to its massive volume ambitions, he is unconvinced NIO's shares represent a sound investment. Further, Zhu is skeptical the Chinese electric carmaker can achieve its volume targets. FBN STARTS AMD WITH OUTPERFORM: FBN Securities analyst Shelby Sayrafi initiated coverage of AMD (AMD) with an Outperform rating and $40 price target. AMD currently has a "strong" new product cycle driven by its Zen architecture, fifth generation graphics chips and EPYC processors for the enterprise server market that are "all ramping well currently," Sayrafi said. The analyst believes the EPYC server chip could help AMD penetrate the $16B server chip market.
09/25/18
JPMS
09/25/18
NO CHANGE
JPMS
Overweight
JPMorgan sees 'meaningful pressure' on Facebook shares from Instagram departures
JPMorgan analyst Doug Anmuth says the "surprising" departure of Instagram co-founders Kevin Systrom and Mike Krieger is concerning and likely to put "meaningful pressure" on shares of Facebook (FB) in the near-term. The analyst believes Instagram has been a strong growth driver for Facebook and has played a critical role in retaining younger users within the company's group of platforms and in competing with Snap (SNAP). While the exact rationale for the co-founders' departure is unclear, various press reports suggest it is related to Facebook management recently exerting more control over Instagram, Anmuth tells investors in a research note. The analyst has an Overweight rating on Facebook. The stock in premarket trading is down 2%, or $3.71, to $161.70.

TODAY'S FREE FLY STORIES

FL

Foot Locker

$52.92

-1.28 (-2.36%)

13:38
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INTU

Intuit

$241.74

-5.78 (-2.34%)

, ADSK

Autodesk

$167.63

-6.48 (-3.72%)

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Notable companies reporting after market close »

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INTU

Intuit

$241.74

-5.78 (-2.34%)

ADSK

Autodesk

$167.63

-6.48 (-3.72%)

ROST

Ross Stores

$93.98

-0.62 (-0.66%)

HPQ

HP Inc.

$19.12

-0.17 (-0.88%)

SPLK

Splunk

$129.20

-6.6 (-4.86%)

HPE

HP Enterprise

$14.31

-0.23 (-1.58%)

DXC

DXC Technology

$52.22

-2.28 (-4.18%)

DECK

Deckers Brands

$149.16

-1.05 (-0.70%)

LGF.A

Lionsgate

$15.83

-0.19 (-1.19%)

03/08/13
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AXP

American Express

$118.06

-1.96 (-1.63%)

13:35
05/23/19
05/23
13:35
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13:35
Options
American Express put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 03

    Jun

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    Nov

KTOS

Kratos Defense

$20.70

0.28 (1.37%)

13:25
05/23/19
05/23
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13:25
Options
Kratos Defense call volume above normal and directionally bullish »

Bullish option flow…

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03/06/13
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03/06/13
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13:25
05/23/19
05/23
13:25
05/23/19
13:25
General news
Treasury's $11 B 10-year TIPS sale was surprisingly solid »

Treasury's $11 B…

ACAD

Acadia

$24.82

-0.29 (-1.15%)

, ALKS

Alkermes

$24.22

-0.83 (-3.31%)

13:25
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05/23
13:25
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13:25
Conference/Events
JPMorgan biotech analysts to hold an analyst/industry conference call »

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ACAD

Acadia

$24.82

-0.29 (-1.15%)

ALKS

Alkermes

$24.22

-0.83 (-3.31%)

ITCI

Intra-Cellular

$13.34

0.26 (1.99%)

NBIX

Neurocrine

$78.45

-1.42 (-1.78%)

SAGE

Sage Therapeutics

$174.50

-0.5 (-0.29%)

03/08/13
Wedge Partners
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Credit Suisse
03/06/13
Citigroup
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  • 23

    May

  • 05

    Jun

  • 27

    Sep

ICPT

Intercept

$85.25

-0.98 (-1.14%)

, RHHBY

Roche

$0.00

(0.00%)

13:21
05/23/19
05/23
13:21
05/23/19
13:21
Recommendations
Intercept, Roche analyst commentary at RBC Capital »

RBC sees…

ICPT

Intercept

$85.25

-0.98 (-1.14%)

RHHBY

Roche

$0.00

(0.00%)

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

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  • 28

    May

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  • 03

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  • 20

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  • 02

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    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
05/23/19
05/23
13:17
05/23/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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03/08/13
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03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
05/23/19
05/23
13:16
05/23/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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03/08/13
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TME

Tencent Music

$13.72

-0.335 (-2.38%)

13:15
05/23/19
05/23
13:15
05/23/19
13:15
Options
Tencent put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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GOOGL

Alphabet Class A

$1,135.50

-17.61 (-1.53%)

, GOOG

Alphabet

$1,130.85

-19.65 (-1.71%)

13:13
05/23/19
05/23
13:13
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13:13
Hot Stocks
Google announces integration with food delivery service providers »

In a post to a corporate…

GOOGL

Alphabet Class A

$1,135.50

-17.61 (-1.53%)

GOOG

Alphabet

$1,130.85

-19.65 (-1.71%)

UBER

Uber

$40.51

-0.58 (-1.41%)

GRUB

GrubHub

$65.02

-3.52 (-5.14%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 28

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VRNT

Verint

$56.01

-5.2 (-8.50%)

13:11
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Verint says short seller report 'inaccurate and deliberately misleading' »

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  • 29

    May

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13:08
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General news
10-Yr TIPS Auction Coupon Rate data reported »

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General news
10-Yr TIPS Auction Total Amount data reported »

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M

Macy's

$21.36

-0.45 (-2.06%)

13:05
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13:05
Options
Macy's call volume above normal and directionally bullish »

Bullish option flow…

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WEBK

Wellesley Bancorp

$35.05

(0.00%)

13:02
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Hot Stocks
Wellesley Bancorp raises quarterly cash dividend 9.1% to 6c per share »

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JYNT

Joint Corp.

$16.00

-1.5 (-8.57%)

13:02
05/23/19
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13:02
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Recommendations
Joint Corp. analyst commentary at DA Davidson »

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03/06/13
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  • 28

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AMZN

Amazon.com

$1,812.11

-45.63 (-2.46%)

12:57
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Periodicals
Amazon developing wrist device that can read human emotions, Bloomberg says »

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  • 23

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  • 03

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    Jun

JYNT

Joint Corp.

$16.00

-1.5 (-8.57%)

12:56
05/23/19
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12:56
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12:56
Periodicals
Joint Corp. mentioned cautiously by Seeking Alpha contributor »

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  • 28

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ESV

Ensco Rowan

$8.98

-0.87 (-8.83%)

12:55
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Options
Ensco put volume heavy and directionally bearish »

Bearish flow noted in…

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03/08/13
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Citigroup
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12:55
05/23/19
05/23
12:55
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12:55
Conference/Events
Federal Reserve Bank of Dallas to hold a conference »

Atlanta Federal Reserve…

12:55
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Conference/Events
JPMorgan biotech analysts to hold an analyst/industry conference call »

Biotech Analysts Fye,…

INTU

Intuit

$241.77

-5.75 (-2.32%)

12:50
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05/23
12:50
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12:50
Hot Stocks
Senators ask Intuit about reports of misleading taxpayers on free options »

Senator Elizabeth Warren…

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  • 23

    May

INTU

Intuit

$241.84

-5.68 (-2.29%)

12:47
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Periodicals
TurboTax's 'discount' tricks military into paying to file taxes, ProPublica says »

Intuit, the maker of…

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12:45
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05/23
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12:45
General news
Breaking General news story  »

San Francisco Federal…

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