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MCHP

Microchip

$67.36

-0.18 (-0.27%)

15:35
10/19/18
10/19
15:35
10/19/18
15:35

Microchip put volume heavy and directionally bearish

Bearish flow noted in Microchip with 3,324 puts trading, or 3x expected. Most active are Oct-18 67.5 puts and Nov-18 65 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 2.73, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 7th.

  • 07

    Nov

MCHP Microchip
$67.36

-0.18 (-0.27%)

10/19/18
PIPR
10/19/18
NO CHANGE
PIPR
Piper Jaffray lists 'stocks to own' following tech sector sell-off
Piper Jaffray's tech analysts highlighted their "stocks to own" following the recent sell-off in the technology sector. The firm's top picks across each coverage universe include Amazon.com (AMZN), Broadcom (AVGO), Salesforce (CRM), Finisar (FNSR), Microchip (MCHP), Mellanox (MLNX), ServiceNow (NOW), Nutanix (NTNX), Proofpoint (PFPT), Impinj (PI), Take-Two (TTWO) and Twilio (TWLO).
10/16/18
MSCO
10/16/18
NO CHANGE
MSCO
Semi fundamentals look worse today than in 2015 down cycle, says Morgan Stanley
Morgan Stanley analyst Craig Hettenbach noted that the selloff in semiconductor stocks has been "swift and painful" and could be getting overdone near-term, though he worries the group is "by no means out of the woods" given his view that semi fundamentals today are worse than they were in the 2015 down cycle. Specifically, Hettenbach points to the degree of excess that built up in the supply chain this time, stating that the increase in lead times, double ordering, and inventory accumulation is markedly different to the period that preceded the last time there were broad-based semi estimate cuts in the second half of 2015. Semi sector estimates have only just recently started to come down and there are growing investor expectations that companies will guide Q4 revenue at least a few percent below the Street, added Hettenbach, who said the "upcoming earnings season will be the big test."
10/10/18
MSCO
10/10/18
NO CHANGE
Target $75
MSCO
Equal Weight
Microchip price target lowered to $75 from $95 at Morgan Stanley
Morgan Stanley analyst Craig Hettenbach said he has been fielding an increasing number of questions on Microchip as the stock makes new 52-week lows amid cycle concerns that are being compounded by its weak balance sheet. While he thinks the stock is starting to look oversold on a near-term basis, Hettenbach expects the company's high debt to result in shares continuing to trade with greater volatility than the group. While Hettenbach keeps an Equal Weight rating on the stock and lowered his price target to $75, he stresses that Microchip is a strong operator and he sees the company taking actions to help mitigate margin pressures.
10/03/18
MSCO
10/03/18
NO CHANGE
MSCO
Morgan Stanley cuts semiconductor estimates ahead of earnings season
Morgan Stanley analysts Craig Hettenbach, Joseph Moore and Vinayak Rao cut their estimates for Q4 and 2019 for several seminconductor makers to reflect what they see as the start of an inventory correction that is likely to be most pronounced in autos and industrial applications. Sentiment in the semiconductor group has quickly turned negative, which could lead to trading bounces in stocks, but if estimates start to come down as they expect, it will be difficult for stocks "to work," the analysts tells investors. The analysts lowered their price targets on Amphenol (APH) to $100 from $102, on Analog Devices (ADI) to $108 from $110, on TE Connectivity (TEL) to $102 from $107, on Microchip (MCHP) to $95 from $98, on Maxim Integrated to $59 from $60, on Qorvo (QRVO) to $72 from $75 and on Skyworks (SWKS) to $79 from $80.

TODAY'S FREE FLY STORIES

APO

Apollo Global

$29.00

-0.4 (-1.36%)

06:10
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QTT

Qutoutiao

$5.21

0.02 (0.39%)

06:10
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CG

Carlyle Group

$19.07

-0.36 (-1.85%)

06:09
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GPI

Group 1 Automotive

$56.20

-1.13 (-1.97%)

06:09
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TEN

Tenneco

$33.61

-0.04 (-0.12%)

06:09
11/14/18
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06:09
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FB

Facebook

$142.19

0.67 (0.47%)

06:08
11/14/18
11/14
06:08
11/14/18
06:08
Hot Stocks
Facebook: 600K Americans followed fake Russia-linked Instagram accounts »

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  • 28

    Nov

HON

Honeywell

$147.73

-0.43 (-0.29%)

, IMASY

Inmarsat

$0.00

(0.00%)

06:07
11/14/18
11/14
06:07
11/14/18
06:07
Hot Stocks
Honeywell enters airline cabin services market for Inmarsat's GX Aviation »

Honeywell (HON) is…

HON

Honeywell

$147.73

-0.43 (-0.29%)

IMASY

Inmarsat

$0.00

(0.00%)

03/08/13
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PENN

Penn National

$19.76

-0.3 (-1.50%)

, VICI

VICI Properties

$21.47

-0.03 (-0.14%)

06:07
11/14/18
11/14
06:07
11/14/18
06:07
Hot Stocks
Penn National to acquire Greektown Casino-Hotel in Detroit for about $300M cash »

Penn National Gaming…

PENN

Penn National

$19.76

-0.3 (-1.50%)

VICI

VICI Properties

$21.47

-0.03 (-0.14%)

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AAPL

Apple

$192.23

-1.925 (-0.99%)

06:07
11/14/18
11/14
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11/14/18
06:07
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  • 14

    Nov

CBAY

CymaBay

$9.01

-1.485 (-14.16%)

, ICPT

Intercept

$100.72

-0.07 (-0.07%)

06:07
11/14/18
11/14
06:07
11/14/18
06:07
Recommendations
CymaBay, Intercept analyst commentary  »

CymaBay data show…

CBAY

CymaBay

$9.01

-1.485 (-14.16%)

ICPT

Intercept

$100.72

-0.07 (-0.07%)

03/08/13
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  • 27

    Nov

LMFA

LM Funding

$1.73

0.025 (1.47%)

06:06
11/14/18
11/14
06:06
11/14/18
06:06
Hot Stocks
LM Funding regains Nasdaq listing compliance »

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ROLL

RBC Bearings

$154.43

-2.74 (-1.74%)

06:06
11/14/18
11/14
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06:06
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AMZN

Amazon.com

$1,631.68

-5.02 (-0.31%)

06:05
11/14/18
11/14
06:05
11/14/18
06:05
Periodicals
Amazon to benefit from massive tax breaks from both HQ2 cities, BI reports »

Amazon will benefit from…

03/08/13
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  • 14

    Nov

  • 28

    Nov

  • 04

    Dec

AMTD

TD Ameritrade

$51.78

0.17 (0.33%)

06:05
11/14/18
11/14
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06:05
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ARMK

Aramark

$35.44

0.845 (2.44%)

06:05
11/14/18
11/14
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06:05
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CVIA

Covia

$5.83

0.255 (4.58%)

06:05
11/14/18
11/14
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06:05
Hot Stocks
Covia sees Q4 industrial volumes similar to 4Q17 at 3.4M-3.5M tons »

Sees Q4 energy volumes…

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EQT

EQT Corporation

$18.58

-16.025 (-46.32%)

06:04
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SSNLF

Samsung

$0.00

(0.00%)

06:03
11/14/18
11/14
06:03
11/14/18
06:03
Periodicals
Regulator says Samsung BioLogics violated accounting rules, FT reports »

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CVIA

Covia

$5.83

0.255 (4.58%)

06:03
11/14/18
11/14
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11/14/18
06:03
Earnings
Covia reports Q3 EPS ($2.20), consensus 32c »

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TPR

Tapestry

$41.10

-0.18 (-0.44%)

06:02
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06:02
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  • 19

    Nov

DIS

Disney

$116.83

0.13 (0.11%)

06:01
11/14/18
11/14
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11/14/18
06:01
Hot Stocks
Disney, Jam City announce multi-year mobile games development partnership »

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  • 14

    Nov

  • 04

    Dec

06:00
11/14/18
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06:00
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06:00
General news
FX Action: USD-JPY »

FX Action: USD-JPY moved…

GIII

G-III Apparel

$41.01

-0.03 (-0.07%)

, UAA

Under Armour

$22.79

0.2 (0.89%)

05:58
11/14/18
11/14
05:58
11/14/18
05:58
Recommendations
G-III Apparel, Under Armour, Under Armour, Estee Lauder, PVH Corp., Take-Two, Netflix, GoDaddy, Ruth's Hospitality, Stitch Fix, Michaels analyst commentary  »

Piper lays out favorite…

GIII

G-III Apparel

$41.01

-0.03 (-0.07%)

UAA

Under Armour

$22.79

0.2 (0.89%)

UA

Under Armour

$21.11

0.29 (1.39%)

EL

Estee Lauder

$143.38

2.28 (1.62%)

PVH

PVH Corp.

$120.48

0.685 (0.57%)

TTWO

Take-Two

$107.04

-1.99 (-1.83%)

NFLX

Netflix

$294.65

0.63 (0.21%)

GDDY

GoDaddy

$63.59

0.42 (0.66%)

RUTH

Ruth's Hospitality

$27.60

0.03 (0.11%)

SFIX

Stitch Fix

$25.99

0.59 (2.32%)

MIK

Michaels

$17.65

-0.11 (-0.62%)

03/08/13
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  • 14

    Nov

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    Nov

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    Nov

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    Nov

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    Dec

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    Dec

  • 03

    Mar

BA

Boeing

$349.62

-7.31 (-2.05%)

05:55
11/14/18
11/14
05:55
11/14/18
05:55
Periodicals
FAA denies report on new investigation of Boeing safety analyses, Reuters says »

The FAA has denied a…

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LBRDA

Liberty Broadband

$82.52

0.22 (0.27%)

05:55
11/14/18
11/14
05:55
11/14/18
05:55
Conference/Events
Liberty Broadband to host investor meeting »

Investor meeting to be…

03/08/13
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  • 14

    Nov

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