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TSM

TSMC

$37.27

0.79 (2.17%)

10:10
01/24/19
01/24
10:10
01/24/19
10:10

Timely call buying in Taiwan Semi as shares see early strength

Timely call buying in Taiwan Semi as shares see early strength. The stock up 2.1% to $37.27 amid broader gains in the chip names and Mar 37 calls are swept across the exchanges for $1.20 when bid-ask was $1.10 to 1.20. More than 3.5K changed hands against 104 open interest and the market lifted to $1.45 to 1.50. The contract expires in 50 days and doesn't capture earnings, as the company reported one week ago - sending shares up 1.8% to $36.29 on 1/17 after the results.

TSM TSMC
$37.27

0.79 (2.17%)

01/17/19
LYON
01/17/19
DOWNGRADE
LYON
Underperform
TSMC downgraded to Underperform from Outperform at CLSA
CLSA downgraded TSMC to Underperform from Outperform and cut its price target on the stock to NT$211 from NT$240 after the company reported Q4 results and guided 2019 revenue to grow slightly, outperforming the semis industry. While the firm recommends owning TSMC for the long term, it said this downcycle keeps tracking worse than expected and said "no one is immune - not even TSMC."
12/11/18
COWN
12/11/18
NO CHANGE
Target $26
COWN
Outperform
AMD rallies after Cowen names a best idea for 2019
Shares of AMD (AMD) are moving higher after Cowen named the stock one of its best ideas for 2019. Despite some "well-known" graphics processing unit headwinds in the first half of 2019, AMD will see an "important revenue inflection" in the second half of the year as its fully refreshed lineup moves from 14nm to 7nm at TSMC (TSM), Cowen analyst Matthew Ramsay told investors earlier in a research note. He believes this will mark AMD's first manufacturing advantage versus competitor Intel (INTC). The analyst thinks Intel's Moore's Law advantages entering 2019 "have been largely eroded and should open opportunities" for AMD and other competitors on the 7nm node at TSMC. These opportunities could materialize across AMD's business and "re-shift investor focus toward the longer-term opportunity versus near-term GPU headwinds," contends Ramsay. The analyst has an Outperform rating on AMD with a $26 price target. The stock in morning trading is up 3%, or 54c, to $20.53.
11/30/18
LYON
11/30/18
DOWNGRADE
LYON
Outperform
TSMC downgraded to Outperform from Buy at CLSA
11/16/18
11/16/18
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. Home Depot (HD) downgraded to Neutral from Buy at BofA/Merrill with analyst Elizabeth Suzuki saying peak growth has passed. 2. J.C. Penney (JCP) downgraded to Sell from Hold at Argus with analyst John Eade saying he anticipates continued losses for the stock for the next two years while also warning that at a current share price below $2, the company is operating with a more elevated risk. 3. Nvidia (NVDA) was downgraded to Neutral from Buy at B. Riley FBR and to Buy from Conviction Buy at Goldman Sachs. 4. Michael Kors (KORS) downgraded to Perform from Outperform at Oppenheimer with analyst Brian Nagel saying he is "concerned" that ongoing challenges with inventory management and replenishment at the company's namesake brand and softness within fashion watches will weigh on top-line trends and potentially margins, just as management begins the integration of Versace. 5. TSMC (TSM) was downgraded to Equal Weight from Overweight at Morgan Stanley while UMC (UMC) was downgraded to Underweight from Equal Weight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

UNIT

Uniti Group

$9.94

0.08 (0.81%)

15:04
03/20/19
03/20
15:04
03/20/19
15:04
Options
Uniti Group options imply 6.2% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 20

    Mar

NVS

Novartis

$93.75

0.76 (0.82%)

15:01
03/20/19
03/20
15:01
03/20/19
15:01
Periodicals
Novartis CEO wants to move towards 'transformational innovation,' Fortune says »

Novartis CEO Vasant…

03/08/13
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  • 25

    Mar

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.06

0.58 (0.21%)

15:00
03/20/19
03/20
15:00
03/20/19
15:00
General news
Fed chair Powell says he thinks 'deficits matter' »

Federal Reserve chairman…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.06

0.58 (0.21%)

03/08/13
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15:00
03/20/19
03/20
15:00
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15:00
General news
FX Action: USD-CAD »

FX Action: USD-CAD hit…

14:55
03/20/19
03/20
14:55
03/20/19
14:55
General news
Canada wholesale report preview »

Canada wholesale report…

14:55
03/20/19
03/20
14:55
03/20/19
14:55
General news
Fed Chairman Powell on the outlook: »

Fed Chairman Powell on…

14:55
03/20/19
03/20
14:55
03/20/19
14:55
General news
Powell on the balance of risks: »

Powell on the balance of…

BA

Boeing

$379.38

5.51 (1.47%)

, LMT

Lockheed Martin

$298.16

1.61 (0.54%)

14:52
03/20/19
03/20
14:52
03/20/19
14:52
Periodicals
Pentagon's IG investigating Shanahan over Boeing comments, Politico says »

The Pentagon's…

BA

Boeing

$379.38

5.51 (1.47%)

LMT

Lockheed Martin

$298.16

1.61 (0.54%)

03/08/13
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03/06/13
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03/06/13
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  • 20

    Mar

  • 28

    May

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.17

0.69 (0.24%)

14:52
03/20/19
03/20
14:52
03/20/19
14:52
General news
Breaking General news story on S&P 500, SPDR S&P 500 ETF Trust »

Fed chair Powell says…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.17

0.69 (0.24%)

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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CELG

Celgene

$88.99

-0.11 (-0.12%)

14:50
03/20/19
03/20
14:50
03/20/19
14:50
Options
Bullish three-way spread in Celgene »

Bullish three-way spread…

03/08/13
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  • 25

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  • 27

    Jun

  • 03

    Sep

ALXN

Alexion

$132.07

-0.87 (-0.65%)

14:49
03/20/19
03/20
14:49
03/20/19
14:49
Recommendations
Alexion analyst commentary  »

Alexion turnaround…

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  • 20

    Mar

  • 28

    Jun

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.24

0.76 (0.27%)

14:49
03/20/19
03/20
14:49
03/20/19
14:49
General news
Fed chair Powell says ongoing risks to outlook include Brexit, trade talks »

Federal Reserve chairman…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.24

0.76 (0.27%)

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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MU

Micron

$40.38

(0.00%)

14:49
03/20/19
03/20
14:49
03/20/19
14:49
Options
Micron options imply 11.0% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
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  • 20

    Mar

  • 28

    May

TSN

Tyson Foods

$65.30

-0.48 (-0.73%)

14:48
03/20/19
03/20
14:48
03/20/19
14:48
Options
Tyson Foods call buyer gobbles another 10K lot »

Tyson Foods call buyer…

03/08/13
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03/08/13
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  • 06

    May

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$282.89

0.41 (0.15%)

14:46
03/20/19
03/20
14:46
03/20/19
14:46
Hot Stocks
Breaking Hot Stocks news story on S&P 500, SPDR S&P 500 ETF Trust, Wells Fargo »

Fed chair Powell says…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$282.89

0.41 (0.15%)

WFC

Wells Fargo

$50.90

-0.52 (-1.01%)

03/08/13
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  • 12

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  • 13

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  • 12

    Oct

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.11

0.63 (0.22%)

14:45
03/20/19
03/20
14:45
03/20/19
14:45
General news
Fed chair Powell says slowing global growth a 'headwind' for U.S. economy »

Federal Reserve chairman…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.11

0.63 (0.22%)

03/08/13
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03/06/13
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SPR

Spirit AeroSystems

$91.84

0.845 (0.93%)

14:42
03/20/19
03/20
14:42
03/20/19
14:42
Hot Stocks
Spirit AeroSystems receives EU approval for Asco acquisition »

Spirit AeroSystems…

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  • 24

    Apr

  • 28

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$282.89

0.41 (0.15%)

14:41
03/20/19
03/20
14:41
03/20/19
14:41
General news
Fed chair Powell says outlook 'is a positive one,' fundamentals 'very strong' »

Federal Reserve chairman…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$282.89

0.41 (0.15%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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KMX

CarMax

$61.11

1.56 (2.62%)

, GPI

Group 1 Automotive

$62.48

0.69 (1.12%)

14:40
03/20/19
03/20
14:40
03/20/19
14:40
Hot Stocks
Used car retailers move up after Edmunds says new car prices squeezing buyers »

Shares of used vehicle…

KMX

CarMax

$61.11

1.56 (2.62%)

GPI

Group 1 Automotive

$62.48

0.69 (1.12%)

LAD

Lithia Motors

$87.87

0.57 (0.65%)

AN

AutoNation

$33.82

0.32 (0.96%)

CVNA

Carvana

$58.01

0.02 (0.03%)

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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  • 29

    Mar

  • 18

    Apr

  • 25

    Apr

  • 28

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  • 25

    Jun

BBBY

Bed Bath & Beyond

$13.69

-0.3 (-2.14%)

14:40
03/20/19
03/20
14:40
03/20/19
14:40
Options
Put spreads in Bed, Bath and Beyond as a bearish position is adjusted »

Put spreads in Bed, Bath…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$282.58

0.1 (0.04%)

14:38
03/20/19
03/20
14:38
03/20/19
14:38
General news
Fed chair says economiy in 'good place,' 'want to keep it there' »

Federal Reserve chairman…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$282.58

0.1 (0.04%)

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

Deutsche Bank

$8.91

-0.13 (-1.44%)

, CRZBY

Commerzbank

$0.00

(0.00%)

14:34
03/20/19
03/20
14:34
03/20/19
14:34
Periodicals
Deutsche Bank deal talks with Commerzbank put U.S. workers on edge, Reuters says »

Deutsche Bank's (DB)…

DB

Deutsche Bank

$8.91

-0.13 (-1.44%)

CRZBY

Commerzbank

$0.00

(0.00%)

03/08/13
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14:30
03/20/19
03/20
14:30
03/20/19
14:30
General news
Fed funds futures have jumped higher, led by deferred contracts »

Fed funds futures have…

14:30
03/20/19
03/20
14:30
03/20/19
14:30
General news
FOMC Forecast revisions »

FOMC Forecast revisions…

14:25
03/20/19
03/20
14:25
03/20/19
14:25
General news
More from the FOMC statement: the FOMC adjusted its outlook lower »

More from the FOMC…

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