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BBBY

Bed Bath & Beyond

$14.30

2.04 (16.64%)

, AAPL

Apple

$153.78

0.48 (0.31%)

08:55
01/11/19
01/11
08:55
01/11/19
08:55

Notable open interest changes for January 11th

Thursday's total option volume of 17.5 million contracts resulted in net open interest growth of 2.23 million calls and 2.96 million puts. Bed Bath & Beyond (BBBY), Apple (AAPL), Ford (F) and AMD (AMD) saw the greatest growth. Top five new positions opened include 58k Ford (F) Feb-19 9 calls, 46k Bed Bath & Beyond (BBBY) Jan-19 10 puts, 33k Bed Bath & Beyond (BBBY) Jan-19 11 puts, 27k Apple (AAPL) Jan-19 155 calls and 25k Apple (AAPL) Jan-19 155 puts.

BBBY

Bed Bath & Beyond

$14.30

2.04 (16.64%)

AAPL

Apple

$153.78

0.48 (0.31%)

F

Ford

$8.68

-0.035 (-0.40%)

AMD

AMD

$19.75

-0.43 (-2.13%)

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    Jul

  • 23

    Oct

BBBY Bed Bath & Beyond
$14.30

2.04 (16.64%)

10/01/18
ARGS
10/01/18
DOWNGRADE
ARGS
Hold
Bed Bath & Beyond downgraded to Hold from Buy at Argus
Argus analyst Christopher Graja downgraded Bed Bath & Beyond to Hold after lowering his earnings estimates to reflect on ongoing gross margin pressure, declines in store traffic and spending on systems and consultants. The disappointing Q2 results amid a very strong retail environment is a concern, Graja tells investors in a research note. The analyst is no longer confident in management's ability to focus on the company's long-term objectives.
10/02/18
LOOP
10/02/18
NO CHANGE
Target $15
LOOP
Hold
Bed Bath & Beyond pricing gap with Amazon narrowed in August, says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Hold rating and $15 price target on Bed Bath & Beyond (BBBY), saying his channel checks indicate a further narrowing of the pricing gap with Amazon (AMZN). The analyst notes the gap in August has shrunk to 13.6% on average vs. 16.9% in July, but also warns that given its position as the "most dynamic retailer" in the U.S. in terms of pricing, Amazon can "quickly and easily lower prices if top-line growth underperforms".
11/08/18
SBSH
11/08/18
NO CHANGE
Target $13
SBSH
Sell
Bed Bath & Beyond activist probability low, 'screens well' for LBO, says Citi
Citi analyst Kate McShane reiterated a Sell rating on Bed Bath & Beyond shares, noting that the company has faced and continues to face significant challenges despite having enacted a number of changes in recent years. She views activist involvement or an LBO as a low probability given the number of challenges faced, but added that Bed Bath "has always screened well" as an LBO candidate. In a leveraged buyout scenario, the company could cut the dividend, shut down stores and create a smaller store format as a private company, McShane said.
01/02/19
LOOP
01/02/19
NO CHANGE
Target $12
LOOP
Hold
Loop Capital says Bed Bath Beyond, Amazon price gap widens to historical levels
Loop Capital analyst Anthony Chukumba kept his Hold rating and $12 price target on Bed Bath & Beyond (BBBY), saying his periodic pricing study demonstrated that the gap between the company and Amazon.com (AMZN) has widened back to its "historical level". The analyst sees this as a likely negative for the former, but also notes that that discounting has been a challenge in maintaining its gross margins. Chukumba maintains his forecasts on Bed Bath results ahead of next week's earnings, adding that while its stock trades at a discount to historical average levels, the 6.5-times expected forward earnings multiple is "in line" with other "secularly challenged specialty hardlines retailers."
AAPL Apple
$153.78

0.48 (0.31%)

01/10/19
CHLM
01/10/19
NO CHANGE
Target $90
CHLM
Buy
Skyworks price target lowered to $90 from $$105 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss lowered his price target for Skyworks (SWKS) to $90 from $105 to account for the company's lowered December quarter guidance. The analyst attributes Skyworks' lowered guide to weakness at Apple (AAPL), which he believes was already expected and priced into the stock. Stoss thinks investors will turn their focus to Skyworks' upcoming 5G opportunity. He reiterates a Buy rating on Skyworks shares
01/10/19
CHLM
01/10/19
NO CHANGE
Target $25
CHLM
Buy
ON Semiconductor risk/reward 'hard to ignore,' says Craig-Hallum
Craig-Hallum analyst Anthony Stoss notes that ON Semiconductor (ON) has not been spared in the recent selloff in semi/Apple (AAPL) suppliers. However, at just under 9 times FY2019 EPS the risk/reward is "hard to ignore," he contends. Stoss believes that content gains in auto and 5G base station builds will keep ON outperforming. He reiterates a Buy rating and $25 price target on ON's shares.
01/11/19
GSCO
01/11/19
DOWNGRADE
Target $68
GSCO
Neutral
Starbucks downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Karen Holthouse downgraded Starbucks to Neutral and lowered her price target for the shares to $68 from $75. The coffee giant closed yesterday up 31c to $64.19. The analyst remains "reasonably confident" that Starbucks' initiatives to drive digital engagement can lead to a "more stable" 3%-4% comp trajectory in the U.S. over the next few years. However, its valuation has "rapidly re-rated" to reflect this, and gift cards and digital trends could be points of caution in fiscal Q1, Holthouse tells investors in a research note. Further, she has "incremental concerns" regarding the China macro environment and the company's comp trajectory in that region. Other consumer companies, like Apple (AAPL) and McDonald's (MCD), have noted weakness in China, the analyst points out. Holthouse this morning also upgraded Texas Roadhouse (TXRH) to Buy from Neutral and downgraded Yum! Brands (YUM) to Sell from Neutral.
01/11/19
JPMS
01/11/19
NO CHANGE
Target $228
JPMS
Overweight
JPMorgan iPhone Supplier Tracker decelerated further in December
JPMorgan analyst Samik Chatterjee says his firm's iPhone Supplier Tracker decelerated further in December, and marked the first year-over-year decline since November 2016. Aggregate revenues for the suppliers in the tracker declined by 4% year-over-year in December versus up 9% in November and up 17% in October. Quarterly supplier revenue trends decelerated as well in Q4 and points to continued iPhone revenue decline in Q1, Chatterjee tells investors in a research note. Further, he believes 2019 iPhone models are unlikely to involve major upgrades. However, a refresh in 2020 could drive Apple's virtual reality leadership, Chatterjee adds. He has an Overweight rating on the shares with a $228 price target.
F Ford
$8.68

-0.035 (-0.40%)

12/13/18
DBAB
12/13/18
INITIATION
Target $12
DBAB
Buy
Ford initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Emmanuel Rosner started Ford Motor with a Buy rating and $12 price target.
12/13/18
DBAB
12/13/18
INITIATION
DBAB
Deutsche Bank initiates auto sector with cautious view
Deutsche Bank analyst Emmanuel Rosner initiated coverage of the auto sector with a cautious view. Rosner said this view reflects "cyclical and macro risks for the industry across the globe, as well as secular pressure from the shift towards electrified vehicles and autonomous shared mobility." The analyst favors suppliers with "secular growth potential through adoption of their technology," and as such, initiated Aptiv (APTV) and BorgWarner (BWA) with Buy ratings. Rosner also saw value in "suppliers that can maintain organic growth through share gains or favorable end-markets, and have favorable operational track record," and as such, initiated Dana Inc (DAN) and Lear Corporation (LEA) with Buy ratings. The analyst also started General Motors (GM) and Ford (F) with Buy ratings, citing "large potential upside from restructuring and portfolio decisions, favorable product mix and cycle, and value optionality from their efforts in Mobility." Rosner said he was negative on stocks facing secular pressure or market share loss, adding that he sees downside risk in Autoliv (ALV) and Veoneer (VNE), which he initiated with Sell ratings.
12/14/18
12/14/18
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. Tesla (TSLA) initiated with an Outperform at Wedbush and a Hold at Deutsche Bank. 2. New York Times (NYT) initiated with an Outperform at Evercore ISI. 3. Ford (F) and General Motors (GM) were initiated with a Buy at Deutsche Bank, while Autoliv (ALV) was initiated with a Sell. 4. AstraZeneca (AZN) initiated with a Buy at SunTrust while GlaxoSmithKline (GSK) was initiated with a Hold. 5. DaVita (DVA) initiated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/18/18
MSCO
12/18/18
NO CHANGE
Target $10
MSCO
Equal Weight
Ford potential dividend cut could be a buy signal, says Morgan Stanley
Morgan Stanley analyst Adam Jonas said he continues to expect Ford to cut its dividend in half during 2019, but such a potential cut of the dividend could be a buy signal in his view. Such a cut would be a sign that Ford is prepared to make a stronger commitment to sustainable technology than he believes has been demonstrated thus far, Jonas explained. The analyst, who thinks Ford's decisions in the next 6 months could set the tone for the stock over the next several years, also forecasts Ford will undertake a "very significant" restructuring over the next 12 to 18 months that could reduce the size of the company's footprint by more than 25% and include as much as 25,000 headcount cuts. Jonas maintains an Equal Weight rating and $10 price target on Ford shares.
AMD AMD
$19.75

-0.43 (-2.13%)

01/04/19
01/04/19
UPGRADE
Target $60

Buy
BofA/Merrill prefers cloud and 5G exposure in semis, upgrades Intel to Buy
As previously reported, BofA Merrill Lynch analyst Vivek Arya upgraded Intel (INTC) to Buy from Neutral, stating that the stock provides attractive exposure to growth trends in cloud computing, AI, advanced autos and 5G. He forecasts total semiconductor industry sales to decelerate to down 3% year-over-year in 2019 and still expects enterprise, data center and parts of networking infrastructure to perform better than cyclical sectors such as industrial, automotive and smartphones, Arya tells investors. Risks, such as AMD (AMD) share loss, 7nm product delays, and tougher PC/data center comps, do exist, but now appear to be reflected in Intel shares, the analyst added. He raised his price target on Intel shares to $60 from $52.
12/27/18
RBCM
12/27/18
NO CHANGE
Target $200
RBCM
Outperform
Nvidia, AMD estimates lowered at RBC Capital on more cautious gaming view
RBC Capital analyst Mitch Steves lowered his price target on Nvidia (NVDA) to $200 from $230 and also lowered his FY19 revenue forecast on Advanced Micro Devices (AMD) to $7.29B from $7.41B. The analyst says the revisions reflect his observation of a reduction in average selling prices for GPUs of both companies in the secondary market, particularly for Nvidia's GTX 1070 gaming chip. Steves warns that the company may not be able to discern whether the lower prices come as a result of reduced demand in gaming or cryptocurrency related activity, but states that his expectations for Gaming sector are "conservative". The analyst also expects both Nvidia and AMD stocks to remain range bound until the air-pocket in gaming has passed over the near term. Longer term, Steves keeps his Outperform rating on Nvidia amid the sales mix shift toward Data Center revenues, which is seeing traction with the expected annualized growth. For AMD, the analyst also maintains an Outperform rating stating that its long-term investment story remains unchanged. In Q1, Steves sees AMD catalysts in the form a new server product with competitive performance and price relative to the current Intel (INTC) offerings.
12/21/18
DAIW
12/21/18
INITIATION
Target $26
DAIW
Buy
AMD initiated with a Buy at Daiwa
Daiwa initiated AMD with a Buy and $26 price target.
12/20/18
BOFA
12/20/18
NO CHANGE
Target $27
BOFA
Buy
BofA/Merrill sees prolonged weakness in GPUs, lowers AMD price target to $27
BofA Merrill Lynch analyst Vivek Arya said his recent checks suggests there will be prolonged weakness in GPUs over the next few quarters and he trimmed his Q4 and 1H19 sales and EPS estimates for AMD in response. He expects a recovery starting in Q3 in graphics and more backend weighted growth from AMD's next-gen EPYC server chip, "Rome," Arya tells investors. The analyst, who lowered his 2018 EPS estimate by 2c to 44c, which is below the Street at 46c, and lowered his 2019 EPS by 8c to be in-line with consensus at 62c, cut his price target on AMD shares to $27 from $30. Arya keeps a Buy rating on AMD.

TODAY'S FREE FLY STORIES

THO

Thor Industries

$66.56

1.905 (2.95%)

09:26
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PLWTY

Panalpina

$0.00

(0.00%)

08:44
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EFGSY

Eiffage

$0.00

(0.00%)

08:41
01/21/19
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TVFCF

Television Francaise 1

$0.00

(0.00%)

08:40
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08:40
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Television Francaise 1 rating change  »

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ATVDY

Atresmedia

$0.00

(0.00%)

08:37
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TDPAY

Tod's

$0.00

(0.00%)

08:36
01/21/19
01/21
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08:36
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Tod's rating change  »

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SFRGY

Salvatore Ferragamo

$0.00

(0.00%)

08:35
01/21/19
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08:35
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08:35
01/21/19
01/21
08:35
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08:35
General news
FX Action: USD-CAD has nudged back above 1.3300 »

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PRDSY

Prada

$0.00

(0.00%)

08:34
01/21/19
01/21
08:34
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08:34
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Prada rating change  »

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PANDY

Pandora A/S

$0.00

(0.00%)

08:33
01/21/19
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08:33
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SLGGF

SolGold

$0.00

(0.00%)

08:32
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SolGold initiated  »

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PCFBY

Pacific Basin Shipping

$0.00

(0.00%)

08:30
01/21/19
01/21
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08:30
Upgrade
Pacific Basin Shipping rating change  »

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General news
Oil Action: Front-month WTI futures are near flat »

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WFAFY

Wesfarmers

$0.00

(0.00%)

08:27
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RTOKY

Rentokil

$0.00

(0.00%)

08:26
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BNTGY

Brenntag

$0.00

(0.00%)

08:25
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08:25
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Brenntag rating change  »

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08:25
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General news
Oil Action: Front-month WTI futures are near flat »

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LOIMF

Loomis AB

$0.00

(0.00%)

08:24
01/21/19
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08:24
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Loomis AB rating change  »

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SFTBY

SoftBank; also use SFTBF

$0.00

(0.00%)

08:21
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08:21
Initiation
SoftBank; also use SFTBF initiated  »

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CYDY

CytoDyn

$0.00

(0.00%)

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MET

MetLife

$45.32

0.28 (0.62%)

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  • 07

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AMZN

Amazon.com

$1,696.01

4.01 (0.24%)

, TSLA

Tesla

$302.26

-45.18 (-13.00%)

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AMZN

Amazon.com

$1,696.01

4.01 (0.24%)

TSLA

Tesla

$302.26

-45.18 (-13.00%)

NFLX

Netflix

$339.20

-14.02 (-3.97%)

EA

Electronic Arts

$92.50

3.19 (3.57%)

ATVI

Activision Blizzard

$48.64

1.26 (2.66%)

CMCSA

Comcast

$36.21

0.32 (0.89%)

CMCSK

Comcast

$0.00

(0.00%)

COST

Costco

$213.59

2.15 (1.02%)

ILMN

Illumina

$312.66

2.53 (0.82%)

TMO

Thermo Fisher

$240.72

2.55 (1.07%)

DHR

Danaher

$107.43

1.88 (1.78%)

A

Agilent

$71.93

1.16 (1.64%)

TECH

Bio-Techne

$163.24

1.16 (0.72%)

NEM

Newmont Mining

$31.77

0.15 (0.47%)

GOLD

Barrick Gold

$11.78

-0.11 (-0.93%)

KRC

Kilroy Realty

$68.23

0.21 (0.31%)

VNO

Vornado

$66.40

1.04 (1.59%)

TCEHY

Tencent

$0.00

(0.00%)

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  • 23

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    Jan

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  • 29

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    Jan

  • 30

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  • 05

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    Feb

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