Breaking News Instant updates and real-time market news.

AAPL

Apple

$186.81

-5.42 (-2.82%)

20:46
11/14/18
11/14
20:46
11/14/18
20:46

Apple supplier AMS AG discontinues FY18 targets

Ams updates its fourth quarter 2018 outlook due to recent demand changes from a major consumer customer. As a consequence of the changes in customer demand, ams now expects Q4 revenue of $480M-$520M, a sequential increase from the third quarter, based on current information. The adjusted operating margin for the fourth quarter is now expected to reach the low to mid-teens percentage range. Ams continues to expect strong cash flow generation and a meaningful free cash flow n the fourth quarter supporting its balance sheet structure. Ams sees increasing volatility in consumer customers' demand patterns and related business planning which is not expected to decline. As a consequence, Ams discontinues the previous reference to specific time periods for its mid-term targets for growth and profitability. Ams continues to target further revenue growth and strong profitability and confirms a full multi-year product and design pipeline. Ams therefore expects annual double-digit revenue growth for the coming years with an expansion of the adjusted operating margin towards Ams' target of 30%.

  • 14

    Nov

AAPL Apple
$186.81

-5.42 (-2.82%)

11/14/18
11/14/18
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. Apple (AAPL) downgraded to Neutral from Buy at Guggenheim with analyst Robert Cihra saying the average selling price of the iPhone has increased a "dramatic" $220, or 40%, over the past 10 years, reflecting its "growing value to both consumer and business markets." 2. Kellogg (K) downgraded to Neutral from Overweight at JPMorgan with analyst Ken Goldman saying that while nothing at the company's investor day "necessarily disappointed" him, he also did not gain "much comfort that the bottom-line turnaround would be swift." 3. Apollo Global (APO) and Carlyle Group (CG) were downgraded to Equal Weight from Overweight at Morgan Stanley. 4. Conagra Brands (CAG) downgraded to Underperform from Market Perform at Bernstein with analyst Alexia Howard saying the frozen category has experienced positive growth over the past year, largely led by new product innovation from Conagra and Pinnacle Foods, but this now seems to be running out of steam. 5. Tenneco (TEN) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Armintas Sinkevicius citing its elevated leverage and limited free cash flow conversion in what he views as an increasingly uncertain environment for auto suppliers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/18
LOOP
11/14/18
NO CHANGE
Target $85
LOOP
Buy
Qorvo price target lowered to $85 from $90 at Loop Capital
Loop Capital analyst Cody Acree lowered his price target on Qorvo (QRVO) to $85 after its reduced Q3 guidance, saying the "softer unit volumes" sold by Apple (AAPL) were "undoubtedly the primary unnamed specific cause". The analyst is keeping his Buy rating on the shares however, stating that the "tier-1 smartphone unit weakness is becoming a common theme" that is generating lesser impact with each news release as evidenced by Qorvo's shares trading flat yesterday. Acree adds that investors should start to "pick their spots for 2019" amid the smartphone industry's start of migration to 5G and believes that Qorvo is "well positioned to continue to gain share at the leading tier-1 handset OEMs".
11/14/18
DADA
11/14/18
NO CHANGE
Target $72
DADA
Neutral
Qorvo price target lowered to $72 from $81 at DA Davidson
DA Davidson analyst Thomas Diffely lowered his price target on Qorvo (QRVO) to $72 and kept his Neutral rating after the company cut its Q3 earnings guidance to reflect the expectations of a weaker high-end smartphone demand. The analyst believes that the "softer than expected" launch of the new iPhones by Apple (AAPL) has " triggered a rapid change in order flow over the past couple of weeks" and anticipates similar announcements from other Apple suppliers to track reduced guidance by Qorvo and Lumentum (LITE).
11/14/18
ADAM
11/14/18
NO CHANGE
Target $83
ADAM
Buy
Qorvo price target lowered to $83 from $90 at Canaccord
Canaccord analyst T. Michael Walkley lowered his price target on Qorvo (QRVO) to $83 from $90 after the company lowered its guidance, as several Apple (AAPL) suppliers have done. He expects Qorvo to continue focusing on developing integrated solutions to drive dollar content growth faster than the slow growing smartphone market and anticipates improving growth trends as 5G ramps long-term. Walkley reiterated his Buy rating on Qorvo shares.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
12/13/18
12/13
13:17
12/13/18
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
12/13/18
12/13
13:16
12/13/18
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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

MELI

MercadoLibre

$338.18

-23.4 (-6.47%)

13:15
12/13/18
12/13
13:15
12/13/18
13:15
Options
MercadoLibre put volume heavy and directionally bearish »

Bearish flow noted in…

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

13:15
12/13/18
12/13
13:15
12/13/18
13:15
General news
Treasury's $16 B 30-year reopening was ok, but nothing special »

Treasury's $16 B…

13:15
12/13/18
12/13
13:15
12/13/18
13:15
General news
Treasury Action: yields tipped lower from highs »

Treasury Action: yields…

FB

Facebook

$143.95

-0.31 (-0.21%)

13:10
12/13/18
12/13
13:10
12/13/18
13:10
Hot Stocks
Facebook says Guardian did not utilize all information on fact-checking program »

Facebook Head of News…

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

13:06
12/13/18
12/13
13:06
12/13/18
13:06
General news
30-Yr Bond Auction Coupon Rate data reported »

30-Yr Bond Auction Coupon…

13:06
12/13/18
12/13
13:06
12/13/18
13:06
General news
30-Yr Bond Auction Total Amount data reported »

30-Yr Bond Auction Total…

13:05
12/13/18
12/13
13:05
12/13/18
13:05
General news
FX Action: USD-CAD »

FX Action: USD-CAD…

AEGN

Aegion

$17.61

-0.43 (-2.38%)

13:01
12/13/18
12/13
13:01
12/13/18
13:01
Hot Stocks
Aegion names Kenneth Young as controller »

Aegion Corporation…

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

ABBV

AbbVie

$87.49

-1.13 (-1.28%)

13:00
12/13/18
12/13
13:00
12/13/18
13:00
Hot Stocks
AbbVie announces $5B boost to stock repurchase program »

The board of directors of…

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

HIIQ

Health Insurance Innovations

$29.08

-0.985 (-3.28%)

12:59
12/13/18
12/13
12:59
12/13/18
12:59
Hot Stocks
Health Insurance Innovations boosts repurchase program to $100M from $50M »

Health Insurance…

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

  • 13

    Dec

HIIQ

Health Insurance Innovations

$29.08

-0.985 (-3.28%)

12:57
12/13/18
12/13
12:57
12/13/18
12:57
Hot Stocks
Health Insurance Innovations announces multistate settlement for $3.4M »

Health Insurance…

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

  • 13

    Dec

IP

International Paper

$43.38

-0.79 (-1.79%)

12:55
12/13/18
12/13
12:55
12/13/18
12:55
Options
International Paper put volume heavy and directionally bearish »

Bearish flow noted in…

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

TSLA

Tesla

$373.22

6.46 (1.76%)

12:51
12/13/18
12/13
12:51
12/13/18
12:51
Periodicals
Tesla plans to ship 3,000 Model 3's per week to Europe, Electrek says »

Tesla is planning to send…

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

  • 13

    Dec

AJG

Arthur J. Gallagher

$75.09

-0.39 (-0.52%)

12:49
12/13/18
12/13
12:49
12/13/18
12:49
Hot Stocks
Arthur J. Gallagher announces new financial, retirement services practice »

Financial wellbeing is…

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

CLVS

Clovis

$21.54

0.75 (3.61%)

12:47
12/13/18
12/13
12:47
12/13/18
12:47
Hot Stocks
Clovis says CHMP grants positive opinion for new indicatin of Rubraca tablets »

Clovis Oncology announced…

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

HIIQ

Health Insurance Innovations

$28.44

-1.625 (-5.41%)

12:44
12/13/18
12/13
12:44
12/13/18
12:44
Hot Stocks
Breaking Hot Stocks news story on Health Insurance Innovations »

Health Insurance…

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

  • 13

    Dec

RTIX

RTI Surgical

$4.37

0.11 (2.58%)

12:39
12/13/18
12/13
12:39
12/13/18
12:39
Hot Stocks
RTI Surgical CFO Jonathon Singer buys 50,000 shares of company stock »

RTI Surgical CFO …

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

GOOGL

Alphabet Class A

$1,068.50

-5.16 (-0.48%)

, GOOG

Alphabet

$1,057.90

-5.66 (-0.53%)

12:39
12/13/18
12/13
12:39
12/13/18
12:39
Hot Stocks
YouTube says removed 7.8M videos, 224M comments from July-Sept 2018 »

Google's YouTube…

GOOGL

Alphabet Class A

$1,068.50

-5.16 (-0.48%)

GOOG

Alphabet

$1,057.90

-5.66 (-0.53%)

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

  • 03

    Mar

AMZN

Amazon.com

$1,646.55

-16.85 (-1.01%)

12:38
12/13/18
12/13
12:38
12/13/18
12:38
Periodicals
Instacart ending relationship between Amazon's Whole Foods, Recode reports »

Delivery startup…

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

    Dec

  • 20

    Dec

IIPR

Innovative Industrial Properties

$52.33

1.77 (3.50%)

, KSHB

KushCo Holdings

$0.00

(0.00%)

12:36
12/13/18
12/13
12:36
12/13/18
12:36
On The Fly
Rising High: Talking with Innovative Industrial Properties CFO, KushCo CEO »

In this edition of…

IIPR

Innovative Industrial Properties

$52.33

1.77 (3.50%)

KSHB

KushCo Holdings

$0.00

(0.00%)

ACB

Aurora Cannabis

$5.70

-0.41 (-6.71%)

APHA

Aphria

$5.34

-0.46 (-7.93%)

CVSI

CV Sciences

$0.00

(0.00%)

CNTTF

CannTrust Holdings

$0.00

(0.00%)

CGC

Canopy Growth

$30.89

-1.12 (-3.50%)

CRON

Cronos Group

$11.31

-0.6 (-5.04%)

CANN

General Cannabis

$0.00

(0.00%)

IGC

India Globalization Capital

$0.00

(0.00%)

TLRY

Tilray

$75.78

-8.78 (-10.38%)

KNHBF

ICC International Cannabis

$0.00

(0.00%)

MMNFF

MedMen

$0.00

(0.00%)

ORTFD

Biome Grow

$0.00

(0.00%)

MLCPF

MediPharm Labs

$0.00

(0.00%)

NDVAF

INDIVA

$0.00

(0.00%)

OGRMF

Organigram

$0.00

(0.00%)

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

TM

Toyota

$120.74

-1.19 (-0.98%)

12:35
12/13/18
12/13
12:35
12/13/18
12:35
Hot Stocks
Toyota to recall roughly 133,700 vehicles in two separate recalls »

Toyota announced that it…

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

BRY

Berry Petroleum

$10.16

-0.51 (-4.78%)

12:35
12/13/18
12/13
12:35
12/13/18
12:35
Hot Stocks
Berry Petroleum announces $100M share repurchase program »

Berry Petroleum announced…

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

12:35
12/13/18
12/13
12:35
12/13/18
12:35
General news
Treasury 30-year auction preview: the offering should be ok »

Treasury 30-year auction…

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.