Breaking News Instant updates and real-time market news.

AAPL

Apple

$213.91

1.37 (0.64%)

10:11
10/30/18
10/30
10:11
10/30/18
10:11

Apple introduces MacBook Air with retina display

  • 30

    Oct

  • 01

    Nov

AAPL Apple
$213.91

1.37 (0.64%)

10/29/18
10/29/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) initiated with a Buy at Jefferies. 2. Ralph Lauren (RL) initiated with a Buy at Deutsche Bank. 3. Guardant Health (GH) initiated with an Outperform at Cowen and William Blair, an Overweight at JPMorgan, and a Neutral at BofA/Merrill. 4. Kodiak Sciences (KOD) initiated with a Buy at BofA/Merrill, as well as an Overweight at Barclays and Morgan Stanley. 5. Proteostasis (PTI) initiated with an Overweight at Piper Jaffray. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/29/18
BOFA
10/29/18
NO CHANGE
Target $235
BOFA
Buy
BofA/Merrill cuts Apple price target to $235 on China, currency risk
BofA/Merrill analyst Wamsi Mohan lowered his iPhone estimates for Apple's December quarter and fiscal 2019 to account for a slowdown in China and broader currency headwinds. The analyst, who expects Apple to beat September quarter expectations when reporting on November 1, dropped his December quarter iPhone unit estimate to 73M from 77M and fiscal 2019 estimate to 214M from 222M. While "weaker end markets create some near-term headwinds," Apple's "strong growth" in Services, "strong" capital return and cash balance "affords optionality," Mohan tells investors in a pre-earnings research note. As such, despite reducing his price target for the shares to $235 from $256, the analyst reiterates a Buy rating on Apple. Mohan points out that the dollar strengthened significantly against the Chinese renminbi at a time when iPhone average selling prices have increased significantly. During the past cycle of a strengthening dollar in 2015-2016, China iPhone units declined 20% and overall Apple China sales declined 24% year-over-year, says the analyst. While iPhone's gross margin benefits from lower NAND costs, currency moves bring headwinds, he believes. However, Mohan coupled the iPhone unit reduction with an increase to Apple Watch units. On the latter, he raised his estimate for fiscal 2019 units to 42.3M from 39.3M. Apple in morning trading is up 1.5%, or $3.16, to $219.46.
10/29/18
UBSW
10/29/18
NO CHANGE
Target $250
UBSW
Buy
Apple results expected in-line with upward bias to guidance, says UBS
UBS analyst Timothy Arcuri expects Apple to report in-line Q4 results and for guidance to have an upward bias. The analyst sees a clear upward bias on average selling prices, but will be watching for comments on upgrade cycles, which seem to be lengthening at a slower rate. He is also interested to hear about potential video offerings, services growth, and if the demand outlook has been impacted by global tariff risks. Arcuri reiterated his Buy rating and $250 price target on Apple shares.
10/29/18
WEDB
10/29/18
NO CHANGE
Target $310
WEDB
Outperform
Apple earnings, initial iPhone demand guidance should be positive catalyst, says Wedbush
Wedbush analyst Daniel Ives believes Apple's earnings and more importantly guidance around initial iPhone demand heading into year-end and its trajectory for 2019 will be a positive catalyst for Cupertino and its investors, as well as the overall tech sector. The analyst reiterates an Outperform rating and $310 price target on the shares.

TODAY'S FREE FLY STORIES

WLTW

Willis Towers Watson

$158.89

-1.38 (-0.86%)

06:50
11/19/18
11/19
06:50
11/19/18
06:50
Hot Stocks
Willis Towers Watson announces Victor Ganzi appointed Chairman of the Board »

Willis Towers Watson…

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

See Street Research during your Free Trial

YETI

Yeti

$16.99

0.1 (0.59%)

06:48
11/19/18
11/19
06:48
11/19/18
06:48
Initiation
Yeti initiated  »

Yeti initiated with a Buy…

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

See Street Research during your Free Trial

  • 29

    Nov

KKR

KKR

$21.83

-0.46 (-2.06%)

06:48
11/19/18
11/19
06:48
11/19/18
06:48
Hot Stocks
KKR to acquire GeoStabilization International from CAI Capital Partners »

KKR has entered into an…

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

See Street Research during your Free Trial

NRP

Natural Resource Partners

$34.05

0.6 (1.79%)

06:46
11/19/18
11/19
06:46
11/19/18
06:46
Hot Stocks
Natural Resource Partners to sell construction aggregates business for $205M »

Natural Resource Partners…

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

See Street Research during your Free Trial

BOOT

Boot Barn

$21.15

-0.91 (-4.13%)

06:46
11/19/18
11/19
06:46
11/19/18
06:46
Recommendations
Boot Barn analyst commentary  »

Boot Barn risk/reward…

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

See Street Research during your Free Trial

ETRN

Equitrans Midstream

$20.87

-1.12 (-5.09%)

06:42
11/19/18
11/19
06:42
11/19/18
06:42
Initiation
Equitrans Midstream initiated  »

Equitrans Midstream…

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

See Street Research during your Free Trial

XOG

Extraction Oil & Gas

$6.74

-0.25 (-3.58%)

06:42
11/19/18
11/19
06:42
11/19/18
06:42
Hot Stocks
Extraction Oil & Gas announces $100M stock repurchase program »

Extraction Oil & Gas…

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

See Street Research during your Free Trial

SPB

Spectrum Brands

$59.36

0.87 (1.49%)

, ENR

Energizer

$49.91

-1.53 (-2.97%)

06:41
11/19/18
11/19
06:41
11/19/18
06:41
Hot Stocks
Spectrum Brands' Auto Business Sale agreement contains 'go-shop' provision »

The Auto Business Sale…

SPB

Spectrum Brands

$59.36

0.87 (1.49%)

ENR

Energizer

$49.91

-1.53 (-2.97%)

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

See Street Research during your Free Trial

  • 19

    Nov

DAR

Darling Ingredients

$20.06

-0.24 (-1.18%)

06:40
11/19/18
11/19
06:40
11/19/18
06:40
Upgrade
Darling Ingredients rating change  »

JPMorgan sees earnings…

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

See Street Research during your Free Trial

GOOG

Alphabet

$1,062.01

-2.73 (-0.26%)

, GOOGL

Alphabet Class A

$1,069.13

-2.09 (-0.20%)

06:40
11/19/18
11/19
06:40
11/19/18
06:40
Periodicals
Google, Temasek see $240B Southeast Asia internet economy by 2025, Reuters says »

Southeast Asia's…

GOOG

Alphabet

$1,062.01

-2.73 (-0.26%)

GOOGL

Alphabet Class A

$1,069.13

-2.09 (-0.20%)

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

See Street Research during your Free Trial

  • 28

    Nov

  • 03

    Mar

CFX

Colfax

$28.00

0.31 (1.12%)

, BX

Blackstone

$32.48

-0.02 (-0.06%)

06:39
11/19/18
11/19
06:39
11/19/18
06:39
Hot Stocks
Colfax to acquire DJO Global for $3.15B in cash »

Colfax (CFX) announced it…

CFX

Colfax

$28.00

0.31 (1.12%)

BX

Blackstone

$32.48

-0.02 (-0.06%)

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

See Street Research during your Free Trial

  • 29

    Nov

XEC

Cimarex Energy

$88.63

-0.27 (-0.30%)

, REN

Resolute Energy

$30.51

0.67 (2.25%)

06:38
11/19/18
11/19
06:38
11/19/18
06:38
Hot Stocks
Cimarex Energy to acquire Resolute Energy for $35 per share »

Cimarex Energy (XEC) and…

XEC

Cimarex Energy

$88.63

-0.27 (-0.30%)

REN

Resolute Energy

$30.51

0.67 (2.25%)

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

See Street Research during your Free Trial

P

Pandora

$8.91

-0.1 (-1.11%)

, SPOT

Spotify

$134.14

-2.91 (-2.12%)

06:37
11/19/18
11/19
06:37
11/19/18
06:37
Periodicals
Pandora, Spotify turn to podcasts for listeners, profit, WSJ reports »

Spotify (SPOT) and…

P

Pandora

$8.91

-0.1 (-1.11%)

SPOT

Spotify

$134.14

-2.91 (-2.12%)

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

See Street Research during your Free Trial

CFX

Colfax

$28.00

0.31 (1.12%)

06:37
11/19/18
11/19
06:37
11/19/18
06:37
Hot Stocks
Breaking Hot Stocks news story on Colfax »

Colfax to acquire DJO…

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

See Street Research during your Free Trial

FQVLF

First Quantum Minerals

$0.00

(0.00%)

06:37
11/19/18
11/19
06:37
11/19/18
06:37
Upgrade
First Quantum Minerals rating change  »

First Quantum Minerals…

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

See Street Research during your Free Trial

STNE

StoneCo

$25.31

0.69 (2.80%)

06:36
11/19/18
11/19
06:36
11/19/18
06:36
Initiation
StoneCo initiated  »

StoneCo initiated with a…

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

See Street Research during your Free Trial

  • 26

    Nov

SAVE

Spirit Airlines

$52.43

-0.54 (-1.02%)

06:33
11/19/18
11/19
06:33
11/19/18
06:33
Initiation
Spirit Airlines initiated  »

Spirit Airlines initiated…

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

See Street Research during your Free Trial

  • 27

    Nov

XEC

Cimarex Energy

$88.63

-0.27 (-0.30%)

, REN

Resolute Energy

$30.51

0.67 (2.25%)

06:32
11/19/18
11/19
06:32
11/19/18
06:32
Hot Stocks
Breaking Hot Stocks news story on Cimarex Energy, Resolute Energy »

Cimarex to acquire…

XEC

Cimarex Energy

$88.63

-0.27 (-0.30%)

REN

Resolute Energy

$30.51

0.67 (2.25%)

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

See Street Research during your Free Trial

SPB

Spectrum Brands

$59.36

0.87 (1.49%)

06:32
11/19/18
11/19
06:32
11/19/18
06:32
Hot Stocks
Spectrum Brands sees FY19 adjusted EBITDA $560M-$580M »

Spectrum Brands expects…

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

See Street Research during your Free Trial

  • 19

    Nov

LUV

Southwest

$52.59

-0.64 (-1.20%)

06:31
11/19/18
11/19
06:31
11/19/18
06:31
Initiation
Southwest initiated  »

Southwest initiated with…

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

See Street Research during your Free Trial

AIMT

Aimmune

$29.61

0.05 (0.17%)

06:31
11/19/18
11/19
06:31
11/19/18
06:31
Conference/Events
Aimmune to host conference call »

Conference call to…

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

See Street Research during your Free Trial

  • 19

    Nov

  • 27

    Nov

  • 12

    Dec

SPB

Spectrum Brands

$59.36

0.87 (1.49%)

06:30
11/19/18
11/19
06:30
11/19/18
06:30
Earnings
Spectrum Brands reports Q4 adjusted EPS 79c, consensus $1.08 »

Reports Q4 revenue…

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

See Street Research during your Free Trial

  • 19

    Nov

AAL

American Airlines

$36.74

-1.08 (-2.86%)

06:30
11/19/18
11/19
06:30
11/19/18
06:30
Initiation
American Airlines initiated  »

American Airlines…

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

See Street Research during your Free Trial

INNV

Innovus Pharmaceuticals

$0.00

(0.00%)

06:30
11/19/18
11/19
06:30
11/19/18
06:30
Hot Stocks
Innovus Pharmaceuticals acquires rights to four products from Boston Topicals »

Innovus Pharmaceuticals…

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

See Street Research during your Free Trial

FB

Facebook

$139.55

-4.31 (-3.00%)

06:29
11/19/18
11/19
06:29
11/19/18
06:29
Periodicals
Zuckerberg adopts more aggressive approach as Facebook is at 'war', WSJ reports »

Facebook CEO Mark…

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

See Street Research during your Free Trial

  • 28

    Nov

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.