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INTC

Intel

$48.78

2.32 (4.99%)

12:05
10/02/18
10/02
12:05
10/02/18
12:05

Intel call volume above normal and directionally bullish

Bullish option flow detected in Intel with 147,288 calls trading, 5x expected, and implied vol increasing over 1 point to 30.78%. Jan-20 60 calls and Dec-18 44 puts are the most active options, with total volume in those strikes near 52,000 contracts. The Put/Call Ratio is 0.43. Earnings are expected on October 25th.

  • 04

    Oct

  • 08

    Oct

  • 22

    Oct

INTC Intel
$48.78

2.32 (4.99%)

10/01/18
CHLM
10/01/18
NO CHANGE
Target $19
CHLM
Sell
Applied Optoelectronics price target lowered to $19 from $28 at Craig-Hallum
Craig-Hallum analyst Richard Shannon lowered his price target for Applied Optoelectronics (AAOI) to $19 from $28, citing the lower guide on quality issues, likely at number one customer. The analyst believes the specific customer is Facebook (FB), where his checks indicate competitor Intel (INTC) is poised to ramp production and gain share. Since data center customers' value supply chain execution nearly as much as quality and price, Shannon worries that this action may cause Facebook to allocate share increasingly to Intel and Innolight. The analyst reiterates a Sell rating on Applied Optoelectronics shares.
10/01/18
10/01/18
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. Intel (INTC) downgraded to Underweight from Equal Weight at Barclays with analyst Blayne Curtis saying end-market tailwinds that propelled the run in shares, namely PC shortages and the slowing of server growth, are likely to reverse. 2. Chipotle (CMG) downgraded to Underperform from Perform at Oppenheimer with analyst Brian Bittner saying since its new CEO announcement in February, Chipotle is up 82% and has been upgraded 10 different times by the Street. 3. AMD (AMD) downgraded to Neutral from Outperform at Baird with analyst Tristan Gerra saying while the company's fundamentals continue to improve, he believes expectations and valuation are high. 4. Huntsman (HUN) downgraded to Neutral from Buy at Citi with analyst P.J. Juvekar saying he sees a lack of near-term catalysts for the next few quarters "in the backdrop of a well-telegraphed normalization in MDI profits." 5. Autohome (ATHM) downgraded to Sell from Hold at 86 Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/01/18
10/01/18
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. OPCO CUTS CHIPOTLE TO UNDERPERFORM: Oppenheimer analyst Brian Bittner downgraded Chipotle Mexican Grill (CMG) to Underperform from Perform with a $400 price target. Since its new CEO announcement in February, Chipotle is up 82% and has been upgraded 10 different times by the Street, Bittner noted. The company's "high-flying" valuation has "priced in" persistent mid-single same-store-sales and a path to at least $20 of earnings per share versus $8-$9 this year, the analyst added. His work suggests this earnings path is too optimistic, even when assuming "healthy sales." INTEL CUT TO UNDERWEIGHT BY BARCLAYS: Barclays analyst Blayne Curtis downgraded Intel (INTC) to Underweight from Equal Weight and lowered his price target for the shares to $38 from $53. End-market tailwinds that propelled the run in shares, namely PC shortages and the slowing of server growth, are likely to reverse, Curtis believes. Further, the analyst expects Intel will see increased competition from AMD (AMD) and declining free cash flow returns. In addition, the names that have been floated in the CEO search "have yet to yield any disruptive potential candidates to take on all of these challenges," Curtis said. By squandering its manufacturing lead, the company now faces a "costly battle to retain share amidst a near-term slowing of its end markets," concluded the analyst. MKM CUTS INFINERA TO SELL: MKM Partners analyst Michael Genovese downgraded Infinera (INFN) to Sell from Neutral and lowered his price target to $5.50 from $10. The analyst said his checks suggest the company's loss of its biggest customer CenturyLink (CTL) to Ciena (CIEN) amid concerns with its ability to produce "new leading edge digital signal processors every 18-30 months". Genovese expects Infinera's upcoming guidance for Q4 and FY19 to be disappointing on revenues and margins, while his price target that assumes a valuation multiple of 0.8-times enterprise value to expected FY19 sales "reflects increasing concerns about the long-term competitiveness of the company." TEVA UPGRADED AT LEERINK, GOLDMAN: Leerink analyst Ami Fadia upgraded Teva (TEVA) to Market Perform from Underperform due to improving business fundamentals as well as the improving multiples for the overall generics sector. The analyst, who believes the company's fundamentals have improved meaningfully and put Teva in a position to pay down $3.5B in debt by YE18, raised his price target on the shares to $24 from $16. Meanwhile, Goldman Sachs analyst Jami Rubin added Teva to Goldman's Conviction List with a Buy rating, calling the recent selloff in the shares a "head scratcher." Recent concerns raised in the marketplace regarding second half of 2018 headwinds and Eli Lilly's (LLY) galcenuzemab approval were already expected and well understood, Rubin tells investors in a research note. DEUTSCHE CUTS LAM RESEARCH, APPLIED MATERIALS TO HOLD: Deutsche Bank analyst Sidney Ho downgraded Lam Research (LRCX) to Hold and lowered his price target for the shares to $170 from $230, and downgraded Applied Materials (AMAT) to Hold and lowered his price target for the shares to $43 from $58. Semicap Equipment stocks are not expensive but lack positive catalysts, Ho said. The analyst believes investor fears over that the industry has reached a cyclical peak will remain as long as the memory market stays weak. Further, he sees risk is for additional capex push-outs, especially in the first half of 2019.
10/02/18
RBCM
10/02/18
NO CHANGE
Target $29
RBCM
Outperform
HP's PSG FY19 revenue seen 'flat to slightly positive', says RBC Capital
RBC Capital analyst Amit Daryanani kept his Outperform rating and $29 price target on HP Inc (HPQ) ahead of its Analyst Day tomorrow. The analyst expects the company to guide is FY19 revenue for Personal Systems Group to be "flat to slightly positive" despite the unit moderation related to Intel (INTC) CPU shortage constraints. Daryanani also anticipates the Printing group outlook to be slightly higher on supplies stabilization sustaining into FY19 and the overall free cash flow outlook in the $3.5B-$4.0B range - in line with the expected $3.7B in FY18.

TODAY'S FREE FLY STORIES

AZPN

Aspen Technology

$89.08

0.22 (0.25%)

17:04
01/23/19
01/23
17:04
01/23/19
17:04
Earnings
Aspen Technology increases FY19 adj. EPS view to $3.37-$3.60 from $3.06-$3.34 »

Consensus $3.34.…

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  • 23

    Jan

FCBC

First Community

$33.81

0.27 (0.81%)

17:03
01/23/19
01/23
17:03
01/23/19
17:03
Earnings
First Community reports Q4 EPS 57c, one estimate 56c »

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OSBC

Old Second Bancorp

$13.89

0.09 (0.65%)

17:03
01/23/19
01/23
17:03
01/23/19
17:03
Earnings
Old Second Bancorp reports Q4 EPS 29c, consensus 30c »

Reports Q4 revenue…

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EQBK

Equity Bancshares

$34.52

-0.27 (-0.78%)

17:00
01/23/19
01/23
17:00
01/23/19
17:00
Earnings
Equity Bancshares reports Q4 EPS 62c, consensus 74c »

Reports Q4 revenue…

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  • 24

    Jan

SLM

Sallie Mae

$9.49

0.1 (1.07%)

16:45
01/23/19
01/23
16:45
01/23/19
16:45
Hot Stocks
Sallie Mae jumps after announcing new dividend and repurchase programs »

"Last year, nearly…

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  • 24

    Jan

  • 11

    Feb

LONE

Lonestar Resources

$4.68

-0.02 (-0.43%)

16:44
01/23/19
01/23
16:44
01/23/19
16:44
Hot Stocks
B. Riley takes 9.9% passive stake in Lonestar Resources »

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WVE

Wave Life Sciences

$41.71

0.91 (2.23%)

16:44
01/23/19
01/23
16:44
01/23/19
16:44
Hot Stocks
Breaking Hot Stocks news story on Wave Life Sciences »

Wave Life Sciences down…

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  • 24

    Jan

TST

TheStreet

$2.03

-0.05 (-2.40%)

16:43
01/23/19
01/23
16:43
01/23/19
16:43
Hot Stocks
B. Riley takes 7.3% passive stake in TheStreet »

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AL

Air Lease

$35.79

-0.49 (-1.35%)

, EADSY

Airbus

$0.00

(0.00%)

16:40
01/23/19
01/23
16:40
01/23/19
16:40
Hot Stocks
Air Lease announces lease pacts with SAS for Airbus A321-200neo jets »

Air Lease (AL) announced…

AL

Air Lease

$35.79

-0.49 (-1.35%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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  • 21

    Feb

BA

Boeing

$358.81

0.9 (0.25%)

16:39
01/23/19
01/23
16:39
01/23/19
16:39
Hot Stocks
Boeing completes first test flight of autonomous passenger air vehicle »

Boeing said it has…

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  • 30

    Jan

  • 28

    May

UVSP

Univest

$22.87

0.18 (0.79%)

16:39
01/23/19
01/23
16:39
01/23/19
16:39
Earnings
Univest reports Q4 EPS 63c, consensus 51c »

Reports Q4 revenue…

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  • 24

    Jan

16:37
01/23/19
01/23
16:37
01/23/19
16:37
General news
API crude inventories for week of January 18 »

API reports that crude…

LOB

Live Oak Bancshares

$15.40

-0.07 (-0.45%)

16:37
01/23/19
01/23
16:37
01/23/19
16:37
Earnings
Live Oak Bancshares reports Q4 EPS 26c, consensus 12c »

Reports Q4 tangible book…

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  • 24

    Jan

XLNX

Xilinx

$89.55

-0.89 (-0.98%)

16:36
01/23/19
01/23
16:36
01/23/19
16:36
Hot Stocks
Breaking Hot Stocks news story on Xilinx »

Xilinx up 8% to $96.80…

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  • 23

    Jan

  • 25

    Feb

OHRP

Ohr Pharmaceutical

$0.12

-0.0035 (-2.79%)

16:36
01/23/19
01/23
16:36
01/23/19
16:36
Hot Stocks
Ohr Pharmaceutical announces one-for-twenty reverse stock split »

Ohr Pharmaceutical…

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TRMK

Trustmark

$30.50

0.22 (0.73%)

16:36
01/23/19
01/23
16:36
01/23/19
16:36
Earnings
Trustmark reports Q4 EPS 55c, consensus 54c »

Reports Q4 revenue…

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  • 24

    Jan

CNS

Cohen & Steers

$36.95

0.24 (0.65%)

16:35
01/23/19
01/23
16:35
01/23/19
16:35
Earnings
Cohen & Steers reports Q4 adjusted EPS 56c, consensus 59c »

Reports Q4 revenue…

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  • 24

    Jan

  • 11

    Feb

ADXS

Advaxis

$0.32

-0.0283 (-8.16%)

16:35
01/23/19
01/23
16:35
01/23/19
16:35
Hot Stocks
Breaking Hot Stocks news story on Advaxis 

Advaxis trading resumes

03/08/13
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AVLR

Avalara

$39.72

-0.38 (-0.95%)

16:34
01/23/19
01/23
16:34
01/23/19
16:34
Hot Stocks
Avalara expands into alcoholic beverage compliance through acquisition »

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  • 12

    Feb

  • 25

    Feb

  • 03

    Mar

SLM

Sallie Mae

$9.49

0.1 (1.07%)

16:34
01/23/19
01/23
16:34
01/23/19
16:34
Earnings
Sallie Mae sees FY19 EPS $1.22-$1.26, consensus $1.21 »

Sees FY19 private…

03/08/13
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  • 24

    Jan

  • 11

    Feb

BXS

BancorpSouth

$28.54

-0.13 (-0.45%)

16:33
01/23/19
01/23
16:33
01/23/19
16:33
Earnings
BancorpSouth reports Q4 EPS 47c, consensus 55c »

"As we look…

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  • 24

    Jan

SLM

Sallie Mae

$9.49

0.1 (1.07%)

16:32
01/23/19
01/23
16:32
01/23/19
16:32
Earnings
Sallie Mae reports Q4 adjusted EPS 33c, consensus 27c »

Reports Q4 revenue $383M,…

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  • 24

    Jan

  • 11

    Feb

CATY

Cathay General

$37.28

0.12 (0.32%)

16:32
01/23/19
01/23
16:32
01/23/19
16:32
Earnings
Cathay General reports Q4 EPS 80c, consensus 80c »

Return on average…

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  • 23

    Jan

  • 12

    Mar

CHRA

Charah Solutions

$6.97

0.19 (2.80%)

16:32
01/23/19
01/23
16:32
01/23/19
16:32
Hot Stocks
Charah Solutions names Scott Sewell president, CEO »

Charah Solutions…

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CHRA

Charah Solutions

$6.97

0.19 (2.80%)

16:31
01/23/19
01/23
16:31
01/23/19
16:31
Hot Stocks
Charah Solutions CEO Charles Price to step down, Scott Sewell to succeed »

Charah Solutions…

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