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AAPL

Apple

$222.10

7.61 (3.55%)

08:55
10/15/18
10/15
08:55
10/15/18
08:55

China consumer slowdown raises risk for Apple, says Goldman Sachs

Noting multiple signs of rapidly slowing consumer demand in China, Goldman Sachs analyst Rod Hall said he sees risk to demand for Apple's products, adding that much of his view of Apple's upside potential was centered on Chinese demand for larger screen sizes. However, he also flags the offsetting positive trend of 6"+ phone conversions in both China and elsewhere. While Hall reiterates his December quarter iPhone shipments estimate of 80M and keeps a Neutral rating and $240 price target on Apple shares, he sees risk that Apple's potential to "beat and raise" in Q4 is likely reduced should weak consumer demand persist in China.

AAPL Apple
$222.10

7.61 (3.55%)

10/12/18
WEDB
10/12/18
UPGRADE
Target $6.5
WEDB
Outperform
Fitbit upgraded to Outperform from Neutral at Wedbush
Wedbush analyst Michael Pachter upgraded Fitbit (FIT) to Outperform from Neutral, citing the company's expansion into the healthcare/MedTech vertical. In a research note to investors, Pachter says Fitbit has captured a large share of both the smartwatch and fitness tracker markets, but its watches must compete with Apple's (AAPL) offering. He thinks Fitbit has an "excellent" opportunity ahead with MedTech, particularly in collaboration with Google (GOOG, GOOGL), and believes Fitbit may begin reporting meaningful contribution from MedTech as early as 2019. Pachter also notes that shares have recently pulled back well below his $6.50 price target, providing an opportunity to get involved in the Medtech vertical at a reasonable price.
10/11/18
JPMS
10/11/18
UPGRADE
Target $80
JPMS
Overweight
JPMorgan upgrades Lumentum to Overweight after 19% selloff
JPMorgan analyst Samik Chatterjee upgraded Lumentum to Overweight from Neutral with an unchanged price target of $80. The shares closed yesterday down 3%, or $1.68, to $55.58. The 19% stock decline from the highs in late August, driven by concerns relative to U.S.-China trade, over-appreciates the "modest risks" for Lumentum, Chatterjee tells investors in a research note. He believes this creates an "attractive buying opportunity" to capitalize on the near-term improvement in the earnings outlook The analyst sees an improved outlook for Lumentum's telecom business on 5G investment tailwinds as well as benefits to pricing and market share in the datacom business. Further he expects "strong growth" in 3D sensing revenues on wider adoption of facial recognition technology on Apple (AAPL) iPhones and androids.
10/10/18
BFIN
10/10/18
NO CHANGE
BFIN
BlueFin checks show Lumentum received increased orders from Apple
BlueFin analysts John Donovan and Steve Mullane say their firm's latest supply chain checks suggest "strong and stable" iPhone demand. While unit demand has not changed, the mix to higher storage models has increased, which should benefit Toshiba (TOSBF), Samsung (SSNLF), and Micron Technology (MU), Donovan and Mullane tell investors in a research note. Further, BlueFin's latest checks reveal Lumentum (LITE) has received increased orders recently while competitors II-VI (IIVI) and Finisar (FNSR) continue to focus on securing second-source positioning. The latest on the two latter companies is mixed, but overall "encouraging," the analysts contend. As far as the rumors that Apple is exploring internal VCSEL development, they believe this is "more of a negotiating tactic at this point." VCSEL demand "looks to be skyrocketing" and the frustration in developing a secure second-source has likely caused Apple to explore internal development, write Donovan and Mullane. They understand Apple has looked into fabs in Taiwan to see about VCSEL development but note the earliest this could materialize is 2020-2021. This is likely more of a "call to arms" by Apple for Finisar, II-VI, and Lumentum to increase production to meet the demand, "or else face the consequences."
10/09/18
10/09/18
DOWNGRADE

Neutral
Coherent downgraded to Neutral on OLED timing, industrial malaise at Longbow
As previously reported, Longbow analyst Joe Wittine downgraded Coherent (COHR) Neutral from Buy based upon a potentially elongating OLED investment cycle. Wittine views Apple's (AAPL) iPhone XR/LCD dynamic as partially responsible for this extension. Should advanced LCD devices prove to have a longer shelf life, the investment cycle will face extensions, he contends. The analyst also cited the weakening seen in his Q3 industrial laser survey confirmed by IPG Photonics' (IPGP) Q3 preannouncement last week.

TODAY'S FREE FLY STORIES

15:29
10/18/19
10/18
15:29
10/18/19
15:29
Conference/Events
Stephens E&P analyst to hold a group luncheon »

Exploration &…

HOG

Harley-Davidson

$36.86

0.16 (0.44%)

15:25
10/18/19
10/18
15:25
10/18/19
15:25
Options
Harley Davidson call volume above normal and directionally bullish »

Bullish option flow…

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15:25
10/18/19
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General news
Treasury Market Summary »

Treasury Market Summary:…

AJRD

Aerojet Rocketdyne

$45.59

-2.47 (-5.14%)

15:24
10/18/19
10/18
15:24
10/18/19
15:24
Hot Stocks
Aerojet Rocketdyne announces collaboration with Firefly Aerospace »

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BA

Boeing

$347.12

-22.01 (-5.96%)

15:21
10/18/19
10/18
15:21
10/18/19
15:21
Periodicals
Boeing said to have provided pilot messages to DOJ in February, Bloomberg says »

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KSU

Kansas City Southern

$143.99

8.66 (6.40%)

15:19
10/18/19
10/18
15:19
10/18/19
15:19
Recommendations
Kansas City Southern analyst commentary  »

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PUMP

ProPetro Holding

$7.99

-0.615 (-7.15%)

15:17
10/18/19
10/18
15:17
10/18/19
15:17
Periodicals
ProPetro Holding being investigated by SEC, Reuters reports »

The Securities and…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
10/18/19
10/18
15:17
10/18/19
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
10/18/19
10/18
15:16
10/18/19
15:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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XLI

Industrial Select Sector SPDR

$76.97

-0.62 (-0.80%)

, XLY

Consumer Discretionary Sector SPDR

$122.39

-0.03 (-0.02%)

15:07
10/18/19
10/18
15:07
10/18/19
15:07
Technical Analysis
On The Fly: Weekly technical notes for S&P 500 »

The S&P 500 (SPX),…

XLI

Industrial Select Sector SPDR

$76.97

-0.62 (-0.80%)

XLY

Consumer Discretionary Sector SPDR

$122.39

-0.03 (-0.02%)

XLV

Health Care Select Sector SPDR

$91.86

-0.23 (-0.25%)

XLF

Financial Select Sector

$28.17

0.12 (0.43%)

XLK

Technology Select Sector SPDR

$81.05

-0.62 (-0.76%)

XLB

S&P Select Materials SPDR

$57.64

0.05 (0.09%)

XLU

Utilities SPDR

$63.86

0.26 (0.41%)

SPY

SPDR S&P 500 ETF Trust

$298.53

-0.71 (-0.24%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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  • 12

    Nov

IWM

iShares Trust Russell 2000 Index Fund

$152.79

-0.55 (-0.36%)

, RUT

Russell 2000 Index

$0.00

(0.00%)

15:06
10/18/19
10/18
15:06
10/18/19
15:06
Technical Analysis
On The Fly: Weekly technical notes for Russell 2000 »

For the week the Russell…

IWM

iShares Trust Russell 2000 Index Fund

$152.79

-0.55 (-0.36%)

RUT

Russell 2000 Index

$0.00

(0.00%)

03/08/13
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TLGT

Teligent

$0.68

-0.0216 (-3.10%)

15:05
10/18/19
10/18
15:05
10/18/19
15:05
Hot Stocks
Teligent announces FDA approval of Gentamicin Sulfate Cream USP »

Teligent announced it has…

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VIA

Viacom

$24.95

-0.65 (-2.54%)

, VIAB

Viacom

$22.16

-0.45 (-1.99%)

15:05
10/18/19
10/18
15:05
10/18/19
15:05
Periodicals
Comcast, AT&T among bidders for 'South Park' streaming rights, Bloomberg says »

The creators of…

VIA

Viacom

$24.95

-0.65 (-2.54%)

VIAB

Viacom

$22.16

-0.45 (-1.99%)

CMCSA

Comcast

$45.65

-0.29 (-0.63%)

CMCSK

Comcast

$0.00

(0.00%)

DIS

Disney

$131.26

-1.11 (-0.84%)

T

AT&T

$38.45

0.63 (1.67%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 22

    Oct

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    Oct

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    Oct

  • 27

    Oct

  • 28

    Oct

  • 29

    Oct

  • 07

    Nov

  • 14

    Nov

  • 14

    Nov

  • 18

    Nov

  • 19

    Nov

AXP

American Express

$117.55

-1.62 (-1.36%)

15:00
10/18/19
10/18
15:00
10/18/19
15:00
Recommendations
American Express analyst commentary  »

William Blair reiterates…

03/08/13
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  • 18

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    Dec

MFGP

Micro Focus

$14.05

-0.52 (-3.57%)

15:00
10/18/19
10/18
15:00
10/18/19
15:00
Hot Stocks
Breaking Hot Stocks news story on Micro Focus »

Micro Focus International…

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MFGP

Micro Focus

$14.05

-0.52 (-3.57%)

, OTEX

OpenText

$40.35

-0.495 (-1.21%)

14:58
10/18/19
10/18
14:58
10/18/19
14:58
Hot Stocks
Micro Focus jumps after Bloomberg says rival OpenText considering takeover bid »

Shares of Micro Focus…

MFGP

Micro Focus

$14.05

-0.52 (-3.57%)

OTEX

OpenText

$40.35

-0.495 (-1.21%)

03/08/13
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  • 31

    Oct

  • 06

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  • 19

    Nov

MFGP

Micro Focus

$14.06

-0.51 (-3.50%)

, OTEX

OpenText

$40.37

-0.475 (-1.16%)

14:54
10/18/19
10/18
14:54
10/18/19
14:54
Periodicals
Breaking Periodicals news story on Micro Focus, OpenText »

OpenText weighing…

MFGP

Micro Focus

$14.06

-0.51 (-3.50%)

OTEX

OpenText

$40.37

-0.475 (-1.16%)

03/08/13
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  • 31

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  • 06

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  • 19

    Nov

MFGP

Micro Focus

$14.06

-0.51 (-3.50%)

14:53
10/18/19
10/18
14:53
10/18/19
14:53
Hot Stocks
Breaking Hot Stocks news story on Micro Focus »

Micro Focus International…

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HOG

Harley-Davidson

$36.89

0.19 (0.52%)

14:49
10/18/19
10/18
14:49
10/18/19
14:49
Periodicals
Harley-Davidson resumes LiveWire production, deliveries, TechCrunch says »

Harley-Davidson (HOG)…

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  • 22

    Oct

FOMX

Foamix

$3.15

-0.09 (-2.78%)

14:46
10/18/19
10/18
14:46
10/18/19
14:46
Hot Stocks
Breaking Hot Stocks news story on Foamix »

Foamix trading halted,…

03/08/13
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  • 18

    Oct

  • 20

    Oct

CMCSA

Comcast

$45.60

-0.34 (-0.74%)

, CMCSK

Comcast

$0.00

(0.00%)

14:44
10/18/19
10/18
14:44
10/18/19
14:44
Periodicals
Comcast, AT&T among bidders for 'South Park' streaming rights, Bloomberg says »

Comcast's (CMCSA)…

CMCSA

Comcast

$45.60

-0.34 (-0.74%)

CMCSK

Comcast

$0.00

(0.00%)

T

AT&T

$38.38

0.555 (1.47%)

VIAB

Viacom

$22.13

-0.48 (-2.12%)

VIA

Viacom

$24.88

-0.72 (-2.81%)

03/08/13
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  • 22

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    Nov

  • 19

    Nov

FDX

FedEx

$149.86

-0.805 (-0.53%)

14:38
10/18/19
10/18
14:38
10/18/19
14:38
Hot Stocks
FedEx announces launch of drone delivery pilot program in Virginia »

FedEx announced that,…

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  • 29

    Oct

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    Dec

PUMP

ProPetro Holding

$8.85

0.245 (2.85%)

14:35
10/18/19
10/18
14:35
10/18/19
14:35
Periodicals
ProPetro Holding under investigation by SEC, Reuters says »

The SEC is probing…

03/08/13
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NLY

Annaly Capital

$8.77

0.1 (1.15%)

, IVZ

Invesco

$15.76

0.12 (0.77%)

14:26
10/18/19
10/18
14:26
10/18/19
14:26
Hot Stocks
Annaly Capital, Invesco named as stock picks by Bill Gross »

Bill Gross, during an…

NLY

Annaly Capital

$8.77

0.1 (1.15%)

IVZ

Invesco

$15.76

0.12 (0.77%)

D

Dominion

$82.18

-0.2 (-0.24%)

03/08/13
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  • 23

    Oct

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    Oct

  • 01

    Nov

  • 10

    Nov

  • 10

    Nov

  • 12

    Nov

BCS

Barclays

$8.49

0.12 (1.43%)

14:25
10/18/19
10/18
14:25
10/18/19
14:25
Options
Barclays call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/08/13
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