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GE

General Electric

$8.87

0.145 (1.66%)

11:00
01/24/19
01/24
11:00
01/24/19
11:00

Ginormous bullish collar opened in General Electric vs 12.3M share block

Ginormous bullish collar opened in General Electric vs 12.3M share block. Initiator sold 123K March 8th 8.5 Puts and bought 123K March 8th 9 calls, for a net premium of zero, against a sale of 12.3M shares of GE at $8.755. Options are opening and the trade will include earnings next week. Resembles similar flow in AAL on Tuesday.

  • 31

    Jan

GE General Electric
$8.87

0.145 (1.66%)

01/24/19
JPMS
01/24/19
NO CHANGE
Target $6
JPMS
Neutral
General Electric shares outperforming on no tangible news, says JPMorgan
Shares of General Electric have continued to outperform in 2019 "on hope for a recovery underpinned by almost no hard data or tangible new news," JPMorgan analyst Stephen Tusa tells investors in a research note titled "GE YTD Outperformance: A Show About Nothing...For Now." The analyst, however, believes the investment case "should become clearer" within the next week as the company's earnings "will provide some necessary direction with tangible numbers and potential clarity around portfolio/balance sheet strategy." He believes, though, that GE's portfolio strategy will be more dilutive than most assume, "as some credit and equity analysts continue to claim the same asset value." Tusa keeps a Neutral rating on General Electric shares with a $6 price target.
01/15/19
JPMS
01/15/19
NO CHANGE
JPMS
Neutral
GE risk/reward unfavorable into Q4 report, says JPMorgan's Tusa
JPMorgan analyst Stephen Tusa says the risk/reward on shares of General Electric (GE) is unfavorable into the company's Q4 earnings report. GE shares have bounced over the last month, outperforming the group by over 3,000 basis points, Tusa writes in a research note previewing earnings reports for the group. He believes the recent stock move "is built upon an expectation of more certainty in the path forward." Tusa thinks the focus on the earnings call should turn back to fundamentals, where he continues to see "disconnect with high level analyses from those who apparently ignore the mechanical headwinds from dilutive asset sales, a key aspect as to why FCF remains so weak." The call will "reinforce the Bear case that there is no concrete silver bullet plan, and much remains fluid, also negative," Tusa contends. He recommends Honeywell (HON) and Emerson Electric (EMR) as longs into the quarter and tells investors to avoid Johnson Controls (JCI), 3M (MMM) and Rockwell Automation (ROK). Tusa has a Neutral rating on General Electric.
01/14/19
WBLR
01/14/19
NO CHANGE
WBLR
Outperform
GE risk profile to 'significantly improve' with asset sales, says William Blair
William Blair analyst Nicholas Heymann senses that the prospects are rising for a "possible material expansion" of the sale of non-core General Electric businesses versus the company's original earlier plans last updated in June 2018. GE's risk profile is likely to "significantly improve" as uncertainties regarding its financial leverage, litigation and government investigations, unfunded liabilities, and operational turnaround plans for Power are likely to emerge over the next few months, Heymann tells investors in a research note partially titled "End of Apocalypse Scenarios Now at Hand." Specifically, the analyst sees a rising likelihood that GE may accelerate the timing and size of its original plans for the initial public offering of GE Healthcare. Further, the prospects for GE Commercial Aviation Service to be sold at or above book value are also rising while the non-core 20% of GE Digital recently recast into a separate business could lead to it being monetized, says the analyst. Collectively, Heymann estimate the potential monetization of these two new asset sales, along with a larger Healthcare IPO sooner than originally envisioned, could enhance GE's liquidity by as much as about $50B-$55B, beyond the company's previously disclosed June 2018 corporate transformation plan. The analyst, however, believes GE's free cash flow will remain "significantly challenged" throughout 2019 while it works to resurrect Power's profitability by right-sizing its global fossil turbine production capacity. He maintains an Outperform rating on General Electric.
01/07/19
JPMS
01/07/19
NO CHANGE
Target $6
JPMS
Neutral
JPMorgan sees GE providing something 'more tangible' soon, keeps $6 target
JPMorgan analyst Stephen Tusa says his conversations with clients continue to be dominated by the debate around General Electric's liabilities. The analyst has seen nothing to change his view that $100B of net liabilities and zero enterprise free cash flow is the problem facing management and the right construct when thinking about how to get the story back to "normal" from an equity value standpoint. We are likely approaching the time where GE will provide something "more tangible, perhaps shrinking the balance sheet," Tusa tells investors in a research note. However, related dilution, combined with a full "cleanse" of the accounting structure, should result in a "substantially lower run rate fundamental anchor than many appreciate," says Tusa. He keeps a Neutral rating on GE shares with a $6 price target. The analyst believes Bloomberg's report of Apollo interest in GE's jet leasing business is "not enough value to change" the company's "leverage problem," which he says is "punctuated" by the "collapse in lessor peer multiples."

TODAY'S FREE FLY STORIES

ORCL

Oracle

$53.32

0.6 (1.14%)

10:40
03/26/19
03/26
10:40
03/26/19
10:40
Options
3.1K Oracle Jun 50 - Sep 52.5 call spreads bought for 80c »

3.1K Oracle Jun 50 - Sep…

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10:40
03/26/19
03/26
10:40
03/26/19
10:40
General news
Asia's Export Slump: »

Asia's Export Slump:…

ALDX

Aldeyra

$10.89

3.75 (52.52%)

10:36
03/26/19
03/26
10:36
03/26/19
10:36
Recommendations
Aldeyra analyst commentary  »

Aldeyra price target…

03/08/13
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  • 26

    Mar

10:35
03/26/19
03/26
10:35
03/26/19
10:35
General news
Atlanta Fed's Q1 GDPNow estimate was lifted to 1.3% »

Atlanta Fed's Q1…

10:35
03/26/19
03/26
10:35
03/26/19
10:35
General news
U.S. Consumer confidence posted a surprising drop »

U.S. Consumer confidence…

TPX

Tempur Sealy

$57.11

0.9 (1.60%)

10:31
03/26/19
03/26
10:31
03/26/19
10:31
Recommendations
Tempur Sealy analyst commentary  »

Tempur Sealy gaining…

03/08/13
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03/06/13
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ENDP

Endo

$8.90

0.635 (7.68%)

10:30
03/26/19
03/26
10:30
03/26/19
10:30
Options
Bullish flow in Endo International as shares gain 9.3% »

Bullish flow in Endo…

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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10:30
03/26/19
03/26
10:30
03/26/19
10:30
General news
Fed funds futures are lower »

Fed funds futures are…

LUV

Southwest

$49.19

0.5 (1.03%)

10:29
03/26/19
03/26
10:29
03/26/19
10:29
Hot Stocks
Teamstres material specialists ratify agreement at Southwest »

With over 90% of the…

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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CRTO

Criteo

$19.24

-2.75 (-12.51%)

, GOOG

Alphabet

$1,195.53

2.81 (0.24%)

10:25
03/26/19
03/26
10:25
03/26/19
10:25
Downgrade
Criteo, Alphabet, Alphabet Class A rating change at Rosenblatt »

Criteo downgraded to…

CRTO

Criteo

$19.24

-2.75 (-12.51%)

GOOG

Alphabet

$1,195.53

2.81 (0.24%)

GOOGL

Alphabet Class A

$1,200.55

3.42 (0.29%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 27

    Mar

  • 04

    Apr

  • 29

    Apr

  • 29

    Apr

  • 27

    Oct

10:25
03/26/19
03/26
10:25
03/26/19
10:25
Conference/Events
Morgan Stanley gaming analysts to hold an analyst/industry conference call »

Analysts, along with the…

SYNA

Synaptics

$34.01

1.3 (3.97%)

10:20
03/26/19
03/26
10:20
03/26/19
10:20
Options
Synaptics calls active as shares rally »

Synaptics calls active as…

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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  • 28

    May

10:20
03/26/19
03/26
10:20
03/26/19
10:20
General news
U.S. Richmond Fed manufacturing index fell 6 points to 10 in March »

U.S. Richmond Fed…

10:20
03/26/19
03/26
10:20
03/26/19
10:20
General news
Treasury Action: yields continued to recline »

Treasury Action: yields…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
03/26/19
03/26
10:17
03/26/19
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
03/26/19
03/26
10:16
03/26/19
10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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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GLPG

Galapagos NV

$96.48

1.25 (1.31%)

10:15
03/26/19
03/26
10:15
03/26/19
10:15
Conference/Events
Galapagos NV management to meet with JPMorgan »

Meeting to be held in New…

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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  • 01

    Apr

  • 26

    Apr

10:15
03/26/19
03/26
10:15
03/26/19
10:15
General news
U.S. consumer confidence dropped back 7.3 points to 124.1 in March »

U.S. consumer confidence…

10:15
03/26/19
03/26
10:15
03/26/19
10:15
General news
FX Action: The dollar »

FX Action: The dollar…

CCL

Carnival

$52.75

-3.915 (-6.91%)

10:14
03/26/19
03/26
10:14
03/26/19
10:14
Earnings
Carnival says company on track to achieve FY19 guidance »

Comments provided during…

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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  • 26

    Mar

CRTO

Criteo

$19.99

-2 (-9.10%)

, GOOG

Alphabet

$1,201.38

8.66 (0.73%)

10:13
03/26/19
03/26
10:13
03/26/19
10:13
On The Fly
Ad-tech firm Criteo drops as Google considers changes to ad tools »

Shares of Criteo (CRTO)…

CRTO

Criteo

$19.99

-2 (-9.10%)

GOOG

Alphabet

$1,201.38

8.66 (0.73%)

GOOGL

Alphabet Class A

$1,205.71

8.58 (0.72%)

AAPL

Apple

$192.15

3.37 (1.79%)

RUBI

Rubicon Project

$6.39

-0.24 (-3.62%)

FUEL

Rocket Fuel

$0.00

(0.00%)

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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  • 26

    Mar

  • 27

    Mar

  • 28

    Mar

  • 04

    Apr

  • 29

    Apr

  • 29

    Apr

  • 06

    May

  • 28

    May

  • 03

    Jun

  • 27

    Oct

DNKN

Dunkin' Brands

$72.70

0.27 (0.37%)

, DOW

Dow

$0.00

(0.00%)

10:13
03/26/19
03/26
10:13
03/26/19
10:13
Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

DNKN

Dunkin' Brands

$72.70

0.27 (0.37%)

DOW

Dow

$0.00

(0.00%)

NVDA

Nvidia

$180.95

7.145 (4.11%)

PAAS

Pan American Silver

$13.54

-0.2 (-1.46%)

INO

Inovio

$3.78

0.165 (4.56%)

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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  • 09

    May

PSA

Public Storage

$220.75

-3.62 (-1.61%)

, CRTO

Criteo

$19.99

-2 (-9.10%)

10:13
03/26/19
03/26
10:13
03/26/19
10:13
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

PSA

Public Storage

$220.75

-3.62 (-1.61%)

CRTO

Criteo

$19.99

-2 (-9.10%)

TIER

Tier REIT

$27.65

0.4 (1.47%)

PNTR

Pointer Telocation

$15.73

(0.00%)

CMCM

Cheetah Mobile

$6.55

-0.46 (-6.56%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 24

    Apr

BBBY

Bed Bath & Beyond

$17.39

3.52 (25.38%)

, BBT

BB&T

$45.22

0.36 (0.80%)

10:13
03/26/19
03/26
10:13
03/26/19
10:13
Upgrade
Fly Intel: Top five analyst upgrades »

Catch up on today's…

BBBY

Bed Bath & Beyond

$17.39

3.52 (25.38%)

BBT

BB&T

$45.22

0.36 (0.80%)

VRTX

Vertex

$188.17

4.27 (2.32%)

ALGT

Allegiant Travel

$123.12

0.75 (0.61%)

TAC

TransAlta

$7.18

0.13 (1.84%)

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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  • 10

    Apr

  • 10

    Apr

  • 18

    Apr

RIG

Transocean

$9.22

0.39 (4.42%)

10:10
03/26/19
03/26
10:10
03/26/19
10:10
Options
Buyers of Transocean weekly calls as shares see strength »

Buyers of Transocean…

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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  • 22

    May

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