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TSLA

Tesla

$302.26

-45.18 (-13.00%)

, AAPL

Apple

$156.85

0.99 (0.64%)

08:55
01/22/19
01/22
08:55
01/22/19
08:55

Notable open interest changes for January 22nd

Friday's total option volume of 26.9 million contracts resulted in net open interest growth of 3.88 million calls and 4.43 million puts. Tesla (TSLA), Apple (AAPL), Altaba Inc (AABA) and Bank of America (BAC) saw the greatest growth. Top five new positions opened include 42k Altaba Inc (AABA) Apr-19 60 puts, 42k Altaba Inc (AABA) Apr-19 60 calls, 35k Ford (F) Jun-19 7 puts, 26k Macy's (M) 1/25 weekly 26 calls and 26k JD.com (JD) Mar-19 25 calls.

TSLA

Tesla

$302.26

-45.18 (-13.00%)

AAPL

Apple

$156.85

0.99 (0.64%)

AABA

Altaba

$64.64

0.31 (0.48%)

BAC

Bank of America

$29.30

0.31 (1.07%)

  • 29

    Jan

  • 30

    Jan

  • 12

    Feb

  • 03

    Mar

TSLA Tesla
$302.26

-45.18 (-13.00%)

01/22/19
JMPS
01/22/19
NO CHANGE
Target $408
JMPS
Outperform
Tesla plan for headcount reductions 'seems odd,' says JMP Securities
JMP Securities analyst Joseph Osha said he believes that the ASP and mix issues that Tesla highlighted in its publicly disclosed letter to employees on Friday are well understood, though he finds the company's headcount reduction plans "harder to understand" and thinks that news "seems odd" given Tesla's production struggles in 2018. However, Osha thinks the strength of Tesla's product portfolio and end market potential still stand in its favor and reiterates his Outperform rating and $408 price target on Tesla shares, adding that the upcoming maturing of its $920M convertible note "does not represent a crisis" in his view.
01/18/19
BOFA
01/18/19
NO CHANGE
BOFA
BofA/Merrill maintains Undperperform on Tesla after employee headcount cut
BofA/Merrill analyst John Murphy maintained an Underperform rating and $225 price target on Tesla shares after the company disclosed this morning that it will reduce its full-time employee headcount by 7% in order to reduce costs. Murphy previously said he believed Q3 was likely to mark peak profitability for Tesla for the near future, and he believes the data, including this morning's headcount reduction, backs up his thesis. He is also cautious due to challenges in the ongoing Model 3 production ramp, "very material" cash burn, and the prospect of new competition. In Friday morning trading, shares of Tesla are lower by more than 9.5% to $3314.12.
01/18/19
ADAM
01/18/19
NO CHANGE
ADAM
Hold
Tesla news may be viewed positively when 'dust settles,' says Canaccord
Canaccord analyst Jed Dorsheimer believes the news this morning from Tesla will likely to create more volatility in the shares. However, when "the dust settles," Tesla's moves may be viewed as positives to align the business and set the company up for a more auspicious 2019, Dorsheimer writes in an email to investors. He points out Tesla is reducing its workforce by 7% after growing it 30% last year in an effort to address a mix shift to Model 3 and expiring tax credits. Tesla anticipates that added pressure on pricing without subsidies will force it to shift its product mix toward below $44,000 Model 3s in order to remain profitable, adds Dorsheimer. The analyst keeps a Hold rating on the shares, which are down 8%, or $28.21, to $319.10 in early trading.
01/18/19
MSCO
01/18/19
NO CHANGE
Target $291
MSCO
Equal Weight
Tesla likely to increase U.S. EV market domination in 2019, says Morgan Stanley
Morgan Stanley analyst Adam Jonas noted that Inside EVs reported that Tesla accounted for 80% of pure electric vehicle unit sales in the U.S. market in 2018 and he estimates it accounted for roughly 90% of the U.S. EV market by wallet share when adjusted for average transaction prices. During 2019, he expects to see Tesla's share of the U.S. EV market continue to rise, stating that competition is on the way, but not likely this year. Jonas keeps an Equal Weight rating and $291 price target on Tesla shares.
AAPL Apple
$156.85

0.99 (0.64%)

01/15/19
01/15/19
NO CHANGE

Lynx says 'chatter' indicates Apple autonomous cars may be on 'chopping block'
Lynx Equity Strategies analysts Jahanara Nissar and KC Rajkumar said that the firm is "picking up chatter," solidified after talks at CES, that Apple is scaling back its autonomous vehicle ambitions, and perhaps even considering termination of the program. They said this would be significant, if true, for several reasons. This would be an abrupt reversal of a high profile program, would prevent Apple's Services segment from gaining a new growth avenue and could mean the weakness in iPhone sales is significant enough to warrant belt-tightening in non-core programs, Nissar and Rajkumar stated in their note to investors earlier.
01/16/19
KEYB
01/16/19
NO CHANGE
KEYB
Survey indicates increasingly disappointing demand for iPhone XR/XS/Max, says KeyBanc
KeyBanc analyst John Vinh says his latest carrier survey indicates increasingly disappointing demand for both Apple's (AAPL) iPhone XR and XS/Max, resulting in spiking carrier store inventories month over month. While initial demand for the iPhone XS/Max had been largely stable relative to the XR, which has been disappointing since launch, his latest survey indicates XS/Max sell-through slowed dramatically in December, as inventories for both XS models in addition to the XR have increased significantly month over month to over four days, which indicates this could be one of the most disappointing phone cycles since the 6s. As such, the analyst sees increasing risk to forward estimates at Broadcom (AVGO), Cirrus Logic (CRUS), Qorvo (QRVO), Skyworks (SWKS), and Synaptics (SYNA).
01/16/19
OTRG
01/16/19
NO CHANGE
OTRG
Apple iPhone shipment estimates lowered at OTR Global
After checks with executives in the Asian supply chain, OTR Global has lowered its iPhone shipment estimates for the new XR and XS models, cutting its total Q4 iPhone shipments estimate to 63M-69M units from the 72M-78M it estimated in late November.
01/18/19
ADAM
01/18/19
NO CHANGE
Target $190
ADAM
Buy
Apple March quarter guidance expected to be soft, says Canaccord
Canaccord analyst T. Michael Walkley updated his model on Apple ahead of its earnings on January 29. The analyst's model reclassified revenues for the amortization of the deferred value of maps, Siri and free iCloud services from the bundled price of iPhone, Macs, and other products to services. He said despite his expectation for slower near-term iPhone sales, he anticipates the company to continue to grow its installed base and believes the company's ecosystem will contribute to ongoing growth. Walkley reiterated his Buy rating and $190 price target on Apple shares.
AABA Altaba
$64.64

0.31 (0.48%)

09/13/18
JEFF
09/13/18
UPGRADE
JEFF
Buy
Yahoo Japan upgraded to Buy from Hold at Jefferies
Jefferies analyst Hiroko Sato upgraded Yahoo Japan (YAHOY) to Buy and raised his price target for the shares to 500 yen from 400 yen. An overhang has been lifted as Altaba (AABA) exits its stake, Sato tells investors in a research note. Further, he notes that Yahoo Japan is moving forward by adding more services such as PayPay. He's "making a valuation call" saying the stock is at the cheaper end of his e-commerce coverage.
08/24/18
JPMS
08/24/18
INITIATION
Target $88
JPMS
Overweight
Altaba resumed with an Overweight at JPMorgan
JPMorgan analyst Doug Anmuth resumed coverage of Altaba (AABA) with an Overweight rating and lowered his price target for the shares to $88 from $91. The analyst says his longer-term view remains positive with his bull thesis driven by upside potential from Alibaba (BABA) and the stock's attractive risk/reward profile.
08/15/18
MKMP
08/15/18
NO CHANGE
Target $115
MKMP
Buy
Altaba price target lowered to $115 from $124 at MKM Partners
MKM Partners analyst Rob Sanderson lowered his price target on Altaba (AABA) to $115 to account for the tax liability of its recent divestment of Alibaba (BABA) and Yahoo Japan stakes along with its own stock repurchase. The analyst also keeps his Buy rating on Altaba, stating that the recent volatility in its stock is all macro related, which should be limited to currency transition since the consumption economy in China still has "very strong drivers".
11/05/18
JPMS
11/05/18
NO CHANGE
Target $80
JPMS
Overweight
Altaba price target lowered to $80 from $90 at JPMorgan
JPMorgan analyst Doug Anmuth lowered his price target for Altaba (AABA) to $80 fallowing Alibaba's (BABA) fiscal Q2 earnings report. The analyst, however, keeps an Overweight rating on the shares. Altaba shares continue to trade at a 23% discount to pre-tax net asset value, which implies expectations for a fully-taxed Alibaba share monetization and more upside than downside to closing the discount, Anmuth tells investors in a research note.
BAC Bank of America
$29.30

0.31 (1.07%)

01/09/19
UBSW
01/09/19
UPGRADE
Target $32
UBSW
Buy
Bank of America upgraded to Buy from Neutral at UBS
UBS analyst Saul Martinez upgraded Bank of America (BAC) to Buy while lowering his price target for the shares to $32 from $33. The current share price offers an attractive entry point for a "leading franchise with proven risk and expense discipline and above peer profitability," Martinez tells investors in a research note. He believes that even with slowing revenue growth, Bank of America should continue improving efficiency metrics. Further, the company looks "comparatively well positioned to withstand a turn in credit," adds the analyst. Citigroup (C) remains Martinez's top pick among money centers.
01/09/19
EDJN
01/09/19
UPGRADE
EDJN
Buy
Bank of America upgraded to Buy from Hold at Edward Jones
01/09/19
01/09/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nike (NKE) upgraded to Buy from Hold at HSBC. 2. Bank of America (BAC) upgraded to Buy from Hold at Edward Jones and to Buy from Neutral at UBS. 3. Wendy's (WEN) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Bittner saying his work reveals an "intriguing setup" as Street's earnings and free cash flow estimates through 2020 have reset to levels that create an improved scenario for meets or beats, same-store sales appear to have drivers to accelerate into 2019 against conservative sell-side forecasts of sub-2% perpetually, new international strategy could unlock faster-than-expected long-term unit growth, and valuation at about 8% free cash flow yield implies very attractive upside/downside case against a highly stable financial model. 4. Akamai (AKAM) upgraded to Overweight from Sector Weight at KeyBanc with analyst Brandon Nispel saying his data tracker suggests upside to Q4 revenue, decreasing the risk to a Q1 and 2019 guide below expectations. 5. Foot Locker (FL) upgraded to Outperform from Neutral at Baird with analyst Jonathan Komp citing its relative valuation and strong backward looking indicators providing reason for optimism. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/08/19
UBSW
01/08/19
UPGRADE
UBSW
Buy
Bank of America upgraded to Buy from Neutral at UBS

TODAY'S FREE FLY STORIES

21:25
03/25/19
03/25
21:25
03/25/19
21:25
General news
Fed's Rosengren warned that U.S. Q1 growth is likely to be weak »

Fed's Rosengren…

BBBY

Bed Bath & Beyond

$13.87

0.17 (1.24%)

20:44
03/25/19
03/25
20:44
03/25/19
20:44
Periodicals
Activist firms seek to replace Bed Bath & Beyond board, CEO, WSJ says »

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  • 10

    Apr

RTN

Raytheon

$180.58

-0.82 (-0.45%)

, BA

Boeing

$370.52

8.37 (2.31%)

20:36
03/25/19
03/25
20:36
03/25/19
20:36
Hot Stocks
Raytheon kill vehicle hits ICBM target in first dual-salvo test »

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RTN

Raytheon

$180.58

-0.82 (-0.45%)

BA

Boeing

$370.52

8.37 (2.31%)

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  • 28

    May

20:35
03/25/19
03/25
20:35
03/25/19
20:35
General news
The "Summary of Opinions" from the BoJ's March meeting »

The "Summary of…

WHD

Cactus

$36.03

1.225 (3.52%)

20:27
03/25/19
03/25
20:27
03/25/19
20:27
Hot Stocks
Cactus VP of Operations sells 229K shares of common stock »

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CCL

Carnival

$56.67

-0.065 (-0.11%)

, MKC

McCormick

$143.88

1.58 (1.11%)

20:25
03/25/19
03/25
20:25
03/25/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

CCL

Carnival

$56.67

-0.065 (-0.11%)

MKC

McCormick

$143.88

1.58 (1.11%)

03/08/13
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  • 26

    Mar

  • 26

    Mar

  • 27

    Mar

CRTO

Criteo

$21.99

-3.4 (-13.39%)

20:19
03/25/19
03/25
20:19
03/25/19
20:19
Downgrade
Criteo rating change at KeyBanc »

Criteo downgraded to…

03/08/13
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03/06/13
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SSNLF

Samsung

$0.00

(0.00%)

20:02
03/25/19
03/25
20:02
03/25/19
20:02
Periodicals
Samsung sees weaker environment for display, memory in Q1, Bloomberg says »

In a regulatory filing,…

03/08/13
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BA

Boeing

$370.52

8.37 (2.31%)

19:51
03/25/19
03/25
19:51
03/25/19
19:51
Hot Stocks
U.S. MDA and Boeing Complete Historic Missile Defense Test »

The U.S. Missile Defense…

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03/06/13
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03/06/13
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  • 28

    May

MCD

McDonald's

$185.66

-1.11 (-0.59%)

19:49
03/25/19
03/25
19:49
03/25/19
19:49
Periodicals
McDonald's purchase price of Dynamic Yield above $300M, Bloomberg says »

The purchase of Dynamic…

03/08/13
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03/08/13
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03/06/13
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  • 30

    Apr

  • 28

    May

SSNLF

Samsung

$0.00

(0.00%)

19:32
03/25/19
03/25
19:32
03/25/19
19:32
Periodicals
Breaking Periodicals news story on Samsung »

Samsung sees Q1 below…

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

American States Water

$71.51

0.505 (0.71%)

19:22
03/25/19
03/25
19:22
03/25/19
19:22
Hot Stocks
American States Water CEO sells 12.4K shares of common stock »

In a regulatory filing,…

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

Methanex

$56.35

-1.38 (-2.39%)

19:10
03/25/19
03/25
19:10
03/25/19
19:10
Hot Stocks
Methanex confirms receipt of director nominees notice from M&G »

Methanex Corporation…

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

Beacon Roofing

$34.14

0.81 (2.43%)

, SAEX

SAExploration

$4.03

0.13 (3.33%)

18:55
03/25/19
03/25
18:55
03/25/19
18:55
Hot Stocks
Fly Intel: After Hours Movers »

DOWN AFTER EARNINGS:…

BECN

Beacon Roofing

$34.14

0.81 (2.43%)

SAEX

SAExploration

$4.03

0.13 (3.33%)

IQ

iQIYI

$24.01

-0.86 (-3.46%)

MYOK

MyoKardia

$51.87

-2.44 (-4.49%)

CTMX

CytomX Therapeutics

$10.76

0.33 (3.16%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 26

    Mar

  • 26

    Mar

  • 21

    May

  • 27

    Mar

HPQ

HP Inc.

$18.97

-0.4 (-2.07%)

18:48
03/25/19
03/25
18:48
03/25/19
18:48
Periodicals
HP lawyer tells court Autonomy's Lynch inflated sales data, Reuters says »

A lawyer for HP told a…

03/08/13
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  • 23

    Apr

PEGA

Pegasystems

$63.61

-0.27 (-0.42%)

18:45
03/25/19
03/25
18:45
03/25/19
18:45
Hot Stocks
Pegasystems CEO: We are massively changing our marketing strategy »

In an interview on…

03/08/13
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  • 22

    May

SMTC

Semtech

$52.59

-0.38 (-0.72%)

18:32
03/25/19
03/25
18:32
03/25/19
18:32
Hot Stocks
Semtech CEO sells 25K shares of common stock »

In a regulatory filing,…

03/08/13
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  • 25

    Mar

TMO

Thermo Fisher

$268.89

5.015 (1.90%)

18:24
03/25/19
03/25
18:24
03/25/19
18:24
Hot Stocks
Thermo Fisher CEO: We have a very disciplined M&A process »

In an interview on…

03/08/13
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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

18:24
03/25/19
03/25
18:24
03/25/19
18:24
Periodicals
Parliament forces votes on Brexit plan options, Bloomberg reports »

Lawmakers of U.K.…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$278.99

-0.56 (-0.20%)

03/08/13
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MCD

McDonald's

$185.66

-1.11 (-0.59%)

18:23
03/25/19
03/25
18:23
03/25/19
18:23
Hot Stocks
McDonald's to acquire Dynamic Yield, terms not stated »

McDonald's announced…

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  • 30

    Apr

  • 28

    May

BA

Boeing

$370.52

8.37 (2.31%)

18:22
03/25/19
03/25
18:22
03/25/19
18:22
Periodicals
Boeing software fix to prevent repeated activiation of MCAS, Reuters says »

A Boeing software repair…

03/08/13
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03/06/13
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03/06/13
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  • 28

    May

ACHC

Acadia

$29.47

-0.59 (-1.96%)

17:58
03/25/19
03/25
17:58
03/25/19
17:58
Hot Stocks
Acadia says President Brett Turner leaving by mutual agreement »

Brent Turner, President…

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

Apple

$188.78

-2.33 (-1.22%)

17:41
03/25/19
03/25
17:41
03/25/19
17:41
Recommendations
Apple analyst commentary at Piper Jaffray »

Apple price target raised…

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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  • 25

    Mar

  • 03

    Jun

ZFGN

Zafgen

$2.70

-0.15 (-5.26%)

17:38
03/25/19
03/25
17:38
03/25/19
17:38
Hot Stocks
Armistice Capital reports 5.6% passive stake in Zafgen »

In a regulatory filing,…

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

Northrop Grumman

$268.56

0.27 (0.10%)

17:36
03/25/19
03/25
17:36
03/25/19
17:36
Hot Stocks
Northrop Grumman awarded $245.05M Navy contract modification »

Northrop Grumman has been…

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03/06/13
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