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HTZ

Hertz

$13.30

-0.76 (-5.41%)

14:45
01/03/19
01/03
14:45
01/03/19
14:45

Hertz call volume above normal and directionally bullish

Bullish option flow detected in Hertz with 1,430 calls trading, 1.2x expected, and implied vol increasing over 2 points to 75.53%. Jan-19 14 calls and Jan-20 12.5 calls are the most active options, with total volume in those strikes near 740 contracts. The Put/Call Ratio is 0.23. Earnings are expected on February 26th.

HTZ Hertz
$13.30

-0.76 (-5.41%)

12/20/18
MSCO
12/20/18
NO CHANGE
Target $15
MSCO
Underweight
Morgan Stanley sees Hertz 2020 EPS 40% below consensus, stays Underweight
Morgan Stanley analyst Adam Jonas updated his Hertz model following Q3 results and to reflect his latest thoughts on rising finance costs, secular pressures, and weakness in the firm's Rental Car Pricing Indicator. He lowered his 2020 EPS view to $1.10 from $1.14, noting that this is about 40% below the consensus view. Jonas maintains an Underweight rating and $15 price target on Hertz shares.
11/09/18
MSCO
11/09/18
NO CHANGE
MSCO
Underweight
Hertz bounce after earnings beat should be 'faded,' says Morgan Stanley
Morgan Stanley analyst Adam Jonas said Hertz reported its first major EBITDA beat in several years in Q3, which he sees being accounted for by the 15% year-over-year decline in U.S. per unit fleet costs and U.S. RAC revenue per day that was double his forecast. He sees turnaround actions providing tailwinds, but fleet D&A and interest costs becoming headwinds and recommends investors "fade the bounce" given he still does not believe the industry has long-term growth potential or pricing power. Jonas keeps an Underweight rating on Hertz shares.
10/16/18
10/16/18
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. NEEDHAM SAYS BUY TAPESTRY: Needham analyst Rick Patel upgraded Tapestry to Buy from Hold and kept his $50 price target. The analyst notes that after a 14% selloff in the stock price driven by tariff-related concerns and the slowdown of Asia sales at LVMH, the risk-reward is favorable. Patel estimates that the hit to EPS from the impact of the handbag tariff should be "relatively modest" at about 1%. The analyst further notes that Tapestry has "ample white space" for long term growth in China through new distribution, while its North America sales indicate "well-controlled promotions" for Coach and Kate Spade. ANALYSTS SAY BUY FACEBOOK IN NEW INITIATIONS: Loop Capital analyst Alan Gould initiated Facebook with a Buy rating and a price target of $210, saying the stock is valued "quite attractively" after a "strong year financially and a challenging year operationally". The analyst also notes that the company's guidance is likely "conservative" given the company's propensity to beat consensus estimates. Meanwhile, Rosenblatt analyst Mark Zgutowicz started Facebook with a Buy rating in a note partially entitled "Facebook: Value, Not Trap." Given the stock's current valuation, there appears to be little confidence consensus expectations will be met and he is "in that camp," forecasting calendar 2019 EPS that is about 8% below consensus, Zgutowicz tells investors. However, with that said, he sees the anticipated EPS shortfall as priced in the shares and would be a buyer of the stock in front of the Q3 report, stating that he sees a bottoming for News Feed fatigue and enough light ahead with new product innovation and Instagram and Watch optionality. Zgutowicz set a $213 price target on Facebook shares. TILRAY TARGET SET AT $200 AS CANADA GETS READY TO LEGALIZE: Benchmark analyst Mike Hickey initiated coverage of Tilray with a Buy rating and $200 price target, citing its early leadership in the medical cannabis market in Canada and the upcoming legalization of recreational cannabis, which begins in the North American nation tomorrow. He believes the company's strategic alliance with Novartis (NVS) and supply agreements with Canadian pharmacies that give Tilray a competitive edge in the Canadian medical cannabis market, Hickey tells investors. He also believes the potential international opportunity is "enormous," estimating that the global cannabis market opportunity could exceed $200B over the long-term. JEFFERIES SEES NO COMPETING BIDS FOR PINNACLE: Jefferies analyst Akshay Jagdale downgraded Pinnacle Foods (PF) to Hold from Buy and lowered his price target for the shares to $68 from $72. The analyst assumes Conagra Brands' (CAG) bid to buy the company for $68 will go through without any competing bids. The stock should trade in line with its $68 transaction price until completion of the deal, Jagdale tells investors. GOLDMAN PREDICTS AVIS, HERTZ OUTLOOKS WILL DISAPPOINT: Goldman Sachs analyst David Tamberrino nudged the price target on Avis Budget (CAR) lower to $30 from $31 while keeping the price target on Hertz at $13 as part of his broader research note previewing Q3 results for the two Sell-rated U.S. car rental names. The analyst notes that Hertz (HTZ) may top Q3 consensus earnings and Avis Budget could miss based on his analysis of their respective pricing trends and residual values, but both have an added risk from reduced airport volume growth amid tightening competition among the ride hailing operators like Uber and Lyft. Tamberrino expects the car rental industry to remain challenged overall, noting that positive pricing will not be sustained, residual values will be pressured as more cars come off lease, and rising interest rates exert pressure on their balance sheets' high debt levels.
10/16/18
GSCO
10/16/18
NO CHANGE
Target $30
GSCO
Sell
Goldman Sachs expects FY18 outlook for Avis Budget and Hertz to disappoint
Goldman Sachs analyst David Tamberrino nudged the price target on Avis Budget (CAR) lower to $30 from $31 while keeping the price target on Hertz at $13 as part of his broader research note previewing Q3 results for the two Sell-rated U.S. Car Rental names. The analyst notes that Hertz (HTZ) may top Q3 consensus earnings and Avis Budget could miss based on his analysis of their respective pricing trends and residual values, but both have an added risk from reduced airport volume growth amid tightening competition among the ride hailing operators like Uber and Lyft. Tamberrino expects the car rental industry to remain challenged overall, noting that positive pricing will not be sustained, residual values will be pressured as more cars come off lease, and rising interest rates exert pressure on their balance sheets' high debt levels.

TODAY'S FREE FLY STORIES

AAPL

Apple

$264.06

2.17 (0.83%)

, NFLX

Netflix

$286.81

-5.2 (-1.78%)

12:57
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Recommendations
Apple, Netflix, Disney analyst commentary  »

Disney's 'jaw…

AAPL

Apple

$264.06

2.17 (0.83%)

NFLX

Netflix

$286.81

-5.2 (-1.78%)

DIS

Disney

$143.25

4.69 (3.38%)

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  • 21

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CRK

Comstock Resources

$7.02

0.14 (2.03%)

, CHK

Chesapeake

$0.71

0.0412 (6.15%)

12:51
11/13/19
11/13
12:51
11/13/19
12:51
Hot Stocks
Chesapeake shares pop on asset sale talks as analyst comments on debt covenant »

Shares of natural gas…

CRK

Comstock Resources

$7.02

0.14 (2.03%)

CHK

Chesapeake

$0.71

0.0412 (6.15%)

03/08/13
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12:50
11/13/19
11/13
12:50
11/13/19
12:50
General news
Treasury Action: both bonds and stocks are bullish today »

Treasury Action: both…

NTAP

NetApp

$60.60

0.48 (0.80%)

12:48
11/13/19
11/13
12:48
11/13/19
12:48
Earnings
Fly Intel: What to watch in NetApp's earnings report »

NetApp (NTAP) is…

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  • 13

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  • 12

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WHR

Whirlpool

$150.00

-5.36 (-3.45%)

12:45
11/13/19
11/13
12:45
11/13/19
12:45
Options
Whirlpool call volume above normal and directionally bullish »

Bullish option flow…

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

Alphabet Class A

$1,299.26

2.08 (0.16%)

, GOOG

Alphabet

$1,301.02

2.25 (0.17%)

12:40
11/13/19
11/13
12:40
11/13/19
12:40
On The Fly
#SocialStocks: Instagram hiding likes in U.S., Tik Tok challenging Facebook ads »

Welcome to…

GOOGL

Alphabet Class A

$1,299.26

2.08 (0.16%)

GOOG

Alphabet

$1,301.02

2.25 (0.17%)

FB

Facebook

$193.29

-1.18 (-0.61%)

03/08/13
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03/06/13
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12:40
11/13/19
11/13
12:40
11/13/19
12:40
General news
Powell's testimony has ended »

Powell's testimony…

AVP

Avon Products

$4.47

-0.075 (-1.65%)

12:39
11/13/19
11/13
12:39
11/13/19
12:39
Hot Stocks
Avon Products shareholders approve proposed acquisition by Natura »

Avon Products announced…

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  • 13

    Nov

LJPC

La Jolla

$6.81

0.11 (1.64%)

12:36
11/13/19
11/13
12:36
11/13/19
12:36
Recommendations
La Jolla analyst commentary  »

La Jolla price target…

03/08/13
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03/08/13
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VZ

Verizon

$59.33

-0.01 (-0.02%)

, NFLX

Netflix

$290.50

-1.51 (-0.52%)

12:31
11/13/19
11/13
12:31
11/13/19
12:31
Hot Stocks
Disney rallies after announcing 10M streaming sign-ups »

Shares of Walt Disney…

VZ

Verizon

$59.33

-0.01 (-0.02%)

NFLX

Netflix

$290.50

-1.51 (-0.52%)

DIS

Disney

$140.90

2.34 (1.69%)

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

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  • 19

    Nov

  • 21

    Nov

  • 09

    Dec

  • 09

    Dec

  • 10

    Dec

  • 10

    Dec

  • 30

    Jan

GOOGL

Alphabet Class A

$1,299.86

2.68 (0.21%)

, C

Citi

$74.61

-0.47 (-0.63%)

12:31
11/13/19
11/13
12:31
11/13/19
12:31
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks looked in…

GOOGL

Alphabet Class A

$1,299.86

2.68 (0.21%)

C

Citi

$74.61

-0.47 (-0.63%)

NKE

Nike

$90.55

1.04 (1.16%)

AMZN

Amazon.com

$1,762.55

-15.78 (-0.89%)

DKS

Dick's Sporting

$40.24

-0.01 (-0.02%)

GOOG

Alphabet

$1,300.57

1.8 (0.14%)

AAPL

Apple

$264.06

2.17 (0.83%)

GS

Goldman Sachs

$218.71

-1.7 (-0.77%)

TECD

Tech Data

$131.30

5.91 (4.71%)

APO

Apollo Global

$42.95

0.015 (0.03%)

DDOG

Datadog

$39.87

5.47 (15.90%)

CDLX

Cardlytics

$52.02

12.17 (30.54%)

LK

Luckin Coffee

$21.32

2.32 (12.21%)

CSIQ

Canadian Solar

$15.39

-2.12 (-12.11%)

SDC

SmileDirectClub

$9.02

-2 (-18.15%)

I

Intelsat

$13.93

-6.46 (-31.68%)

03/08/13
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  • 13

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  • 20

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    Nov

  • 26

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    Dec

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    Dec

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CSCO

Cisco

$48.63

0.25 (0.52%)

, ACIA

Acacia Communications

$67.39

0.11 (0.16%)

12:27
11/13/19
11/13
12:27
11/13/19
12:27
On The Fly
Fly Intel: What to watch in Cisco's earnings report »

Cisco (CSCO) is scheduled…

CSCO

Cisco

$48.63

0.25 (0.52%)

ACIA

Acacia Communications

$67.39

0.11 (0.16%)

DDOG

Datadog

$39.79

5.39 (15.67%)

03/08/13
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  • 13

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    Dec

IRTC

iRhythm

$61.56

-5.885 (-8.73%)

12:25
11/13/19
11/13
12:25
11/13/19
12:25
Recommendations
iRhythm analyst commentary  »

iRhythm filing delay not…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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12:20
11/13/19
11/13
12:20
11/13/19
12:20
General news
Powell on China growth: very hard to understand China »

Powell on China growth:…

12:20
11/13/19
11/13
12:20
11/13/19
12:20
General news
Oil Action: WTI crude »

Oil Action: WTI crude is…

IRTC

iRhythm

$61.02

-6.425 (-9.53%)

12:19
11/13/19
11/13
12:19
11/13/19
12:19
Recommendations
iRhythm analyst commentary  »

iRhythm shares likely…

03/08/13
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03/06/13
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03/06/13
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IRTC

iRhythm

$61.02

-6.42 (-9.52%)

12:19
11/13/19
11/13
12:19
11/13/19
12:19
Hot Stocks
iRhythm sinks after additional errors leads to quarterly filing delay »

Shares of iRhythm…

03/08/13
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03/06/13
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03/06/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
11/13/19
11/13
12:17
11/13/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
11/13/19
11/13
12:16
11/13/19
12:16
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
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STNE

StoneCo

$35.85

-0.15 (-0.42%)

12:15
11/13/19
11/13
12:15
11/13/19
12:15
Options
StoneCo put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 21

    Nov

12:15
11/13/19
11/13
12:15
11/13/19
12:15
General news
Powell: the outlook is still positive and there's no reason why the expansion cannot continue »

Powell: the outlook is…

12:15
11/13/19
11/13
12:15
11/13/19
12:15
General news
Breaking General news story  »

Richmond Federal Reserve…

12:15
11/13/19
11/13
12:15
11/13/19
12:15
General news
Breaking General news story  »

Richmond Federal Reserve…

ACCO

Acco Brands

$9.34

-0.02 (-0.21%)

12:13
11/13/19
11/13
12:13
11/13/19
12:13
Conference/Events
Acco Brands management to meet with Barrington »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 19

    Nov

INVE

Identiv

$4.92

-0.08 (-1.60%)

12:08
11/13/19
11/13
12:08
11/13/19
12:08
Hot Stocks
Identiv partners with GTSC to address 'evolving threats' to U.S. agencies »

Identiv announced that it…

03/08/13
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03/06/13
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03/06/13
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