Breaking News Instant updates and real-time market news.

VALE

Vale

$13.64

-1.21 (-8.15%)

, FL

Foot Locker

$56.75

0.15 (0.27%)

07:30
01/28/19
01/28
07:30
01/28/19
07:30

Unusual put flow in option market yesterday

Notable put activity was cited Friday in Vale (VALE), Foot Locker (FL), and Aspen Insurance (AHL).

VALE

Vale

$13.64

-1.21 (-8.15%)

FL

Foot Locker

$56.75

0.15 (0.27%)

AHL

Aspen Insurance

$41.88

-0.21 (-0.50%)

VALE Vale
$13.64

-1.21 (-8.15%)

01/28/19
01/28/19
DOWNGRADE
Target $13

Market Perform
Vale downgraded to Market Perform from Outperform at BMO Capital
As previously reported, BMO Capital Markets analyst Edward Sterck downgraded Vale to Market Perform and lowered his price target for the shares to $13 from $15. The analyst cites the company's inactive tailings dam failure and believes that the impact on its operations may be "substantial" given that the incident marks the second failure in three years with significant loss of life as a result of this event. While it may be difficult to quantify the financial impact of the failure since the dam was independently certified as safe as recently as September 26, 2018, Sterck believes that Vale stock may come under "significant downward pressure near term."
01/28/19
HSBC
01/28/19
DOWNGRADE
Target $14.5
HSBC
Hold
Vale downgraded to Hold from Buy at HSBC
HSBC analyst Jonathan Brandt downgraded Vale to Hold and cut his price target for the shares to $14.50 from $18.
01/28/19
MACQ
01/28/19
DOWNGRADE
MACQ
Neutral
Vale downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Grant Sporre downgraded Vale to Neutral following the breach of the company's dam in Brazil.
01/28/19
BMOC
01/28/19
DOWNGRADE
Target $13
BMOC
Market Perform
Vale downgraded to Market Perform from Outperform at BMO Capital
BMO Capital Markets analyst Edward Sterck downgraded Vale to Market Perform and lowered his price target for the shares to $13 from $15.
FL Foot Locker
$56.75

0.15 (0.27%)

01/09/19
BARD
01/09/19
UPGRADE
Target $65
BARD
Outperform
Foot Locker upgraded to Outperform at Baird
As reported previously, Baird analyst Jonathan Komp upgraded Foot Locker (FL) to Outperform from Neutral citing its relative valuation and strong backward looking indicators providing reason for optimism. He also sees Foot Locker as a more attractive way to keep exposure to Nike (NKE). Komp raised his price target to $65 from $60 on Foot Locker shares.
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.
01/25/19
JEFF
01/25/19
NO CHANGE
JEFF
Under Armour discounting down for tenth straight month, says Jefferies
Jefferies analyst Randal Konik says his firm's January webscrapes illustrate that Under Armour's (UAA) percentage of product on discount is down for the tenth month in a row year-over-year, while Adidas's (ADDYY) percentage is up for the eleventh month in a row. Further, Visits to Finish Line (FINL), Foot Locker (FL), and Under Armour websites reveal the HOVR, Project Rock, and Curry 6 are sold out in several sizes, indicating strong demand, Konik tells investors in a research note. He also believes that Nike (NKE) continues to dominate Adidas in running in the U.S.
01/25/19
JEFF
01/25/19
NO CHANGE
Target $67
JEFF
Buy
Foot Locker price target raised to $67 from $62 at Jefferies
Jefferies analyst Janine Stichter raised her price target for Foot Locker to $67 to reflect increased conviction that the company's business continues to gain momentum. Data the analyst looks at point to a Nike (NKE) resurgence in North America, "rising heat" around basketball and Jordans, a "healthy" innovation pipeline, and "controlled" promotions. The analyst still sees opportunity in Foot Locker shares despite the recent rally and keeps a Buy rating on the name.
AHL Aspen Insurance
$41.88

-0.21 (-0.50%)

09/10/18
BUCK
09/10/18
DOWNGRADE
BUCK
Neutral
Aspen Insurance downgraded to Neutral from Buy at Buckingham
08/28/18
BUCK
08/28/18
NO CHANGE
BUCK
Buckingham sees RenaissanceRe, Axis Capital trading up on Aspen deal news
Buckingham analyst Amit Kumar called the multiple Apollo Global (APO) agreed to pay to acquire Aspen Insurance (AHL) "a tad underwhelming compared to other recent deals," which he attributes to Aspen's hand being forced by the fast approaching peak hurricane season and investor skepticism on its standalone future. Given the drawn out process, he sees a lower likelihood of a competing bidder emerging, Kumar tells investors, adding that he expects both RenaissanceRe (RNR) and Axis Capital (AXS) to trade up on the deal news.
06/08/18
BUCK
06/08/18
NO CHANGE
Target $46
BUCK
Buy
Aspen Insurance exit value $48-$50 per share, says Buckingham
Buckingham analyst Amit Kumar says a 1.25 to 1.3 times multiple on Aspen Insurance's (AHL) current book value gives an exit value of $48-$50 per share. Insurance Insider published a story yesterday that noted the potential finalists in the Aspen bidding process are Blackstone (BX) and Apollo (APO), Kumar tells investors in a research note. He continues to be a buyer of the stock with a Buy rating and $46 price target.

TODAY'S FREE FLY STORIES

SERV

ServiceMaster

$45.81

-10.26 (-18.30%)

14:54
10/22/19
10/22
14:54
10/22/19
14:54
Recommendations
ServiceMaster analyst commentary  »

ServiceMaster weakness an…

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

See Street Research during your Free Trial

  • 05

    Nov

  • 12

    Nov

  • 13

    Nov

  • 14

    Nov

  • 15

    Nov

  • 19

    Nov

WFC

Wells Fargo

$50.82

0.37 (0.73%)

14:54
10/22/19
10/22
14:54
10/22/19
14:54
Downgrade
Wells Fargo rating change  »

Wells Fargo downgraded to…

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

See Street Research during your Free Trial

  • 27

    Oct

  • 29

    Oct

  • 12

    Nov

  • 14

    Jan

SNAP

Snap

$14.08

-0.5 (-3.43%)

14:49
10/22/19
10/22
14:49
10/22/19
14:49
Options
Snap Inc. options imply 26.3% move in share price post-earnings »

Pre-earnings options…

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

See Street Research during your Free Trial

  • 22

    Oct

  • 21

    Nov

GILD

Gilead

$66.32

1.11 (1.70%)

14:45
10/22/19
10/22
14:45
10/22/19
14:45
Options
Gilead 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
Barclays

See Street Research during your Free Trial

  • 24

    Oct

  • 06

    Nov

  • 07

    Dec

SPY

SPDR S&P 500 ETF Trust

$300.58

0.53 (0.18%)

, SPX

S&P 500

$0.00

(0.00%)

14:41
10/22/19
10/22
14:41
10/22/19
14:41
General news
U.K. Parliament rejects timetable bill for exit from EU »

U.K. lawmakers rejected a…

SPY

SPDR S&P 500 ETF Trust

$300.58

0.53 (0.18%)

SPX

S&P 500

$0.00

(0.00%)

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

See Street Research during your Free Trial

BA

Boeing

$340.23

9.11 (2.75%)

14:34
10/22/19
10/22
14:34
10/22/19
14:34
On The Fly
Fly Intel: What to watch in Boeing's earnings report »

Boeing (BA) is scheduled…

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

See Street Research during your Free Trial

  • 23

    Oct

FB

Facebook

$183.45

-6.37 (-3.36%)

, GOOG

Alphabet

$1,246.51

0.28 (0.02%)

14:25
10/22/19
10/22
14:25
10/22/19
14:25
Periodicals
U.S antitrust chief says breakup of 'Big Tech' is 'on the table,' WSJ reports »

Makan Delrahim, the U.S.…

FB

Facebook

$183.45

-6.37 (-3.36%)

GOOG

Alphabet

$1,246.51

0.28 (0.02%)

AMZN

Amazon.com

$1,769.36

-15.37 (-0.86%)

AAPL

Apple

$242.10

1.61 (0.67%)

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

See Street Research during your Free Trial

  • 22

    Oct

  • 23

    Oct

  • 24

    Oct

  • 27

    Oct

  • 28

    Oct

  • 29

    Oct

  • 30

    Oct

  • 30

    Oct

  • 21

    Nov

GME

GameStop

$6.30

0.37 (6.24%)

14:25
10/22/19
10/22
14:25
10/22/19
14:25
Options
GameStop 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
Barclays

See Street Research during your Free Trial

  • 23

    Oct

SPY

SPDR S&P 500 ETF Trust

$300.50

0.45 (0.15%)

, SPX

S&P 500

$0.00

(0.00%)

14:17
10/22/19
10/22
14:17
10/22/19
14:17
General news
Brexit withdrawal agreement bill passes by 329-299 vote, Bloomberg reports »

The U.K. Parliament is…

SPY

SPDR S&P 500 ETF Trust

$300.50

0.45 (0.15%)

SPX

S&P 500

$0.00

(0.00%)

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

See Street Research during your Free Trial

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
10/22/19
10/22
14:17
10/22/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
10/22/19
10/22
14:16
10/22/19
14:16
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
Barclays

See Street Research during your Free Trial

14:10
10/22/19
10/22
14:10
10/22/19
14:10
Conference/Events
Senate Commerce, Science & Transportation Committee to hold a hearing »

The Subcommittee on…

UTX

United Technologies

$141.32

3.08 (2.23%)

, BA

Boeing

$339.38

8.26 (2.49%)

14:09
10/22/19
10/22
14:09
10/22/19
14:09
Periodicals
United Tech sees no extra cut in Boeing 737 MAX production in 2019, Reuters says »

United Technologies (UTX)…

UTX

United Technologies

$141.32

3.08 (2.23%)

BA

Boeing

$339.38

8.26 (2.49%)

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

See Street Research during your Free Trial

  • 22

    Oct

  • 23

    Oct

LLY

Eli Lilly

$109.84

1.9 (1.76%)

14:09
10/22/19
10/22
14:09
10/22/19
14:09
Earnings
Fly Intel: What to watch in Eli Lilly earnings report »

Eli Lilly (LLY) is…

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

See Street Research during your Free Trial

  • 23

    Oct

  • 28

    Oct

FCX

Freeport McMoRan

$9.95

0.13 (1.32%)

14:05
10/22/19
10/22
14:05
10/22/19
14:05
Options
Freeport McMoRan 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
Barclays

See Street Research during your Free Trial

  • 23

    Oct

WBS

Webster Financial

$44.80

-2.51 (-5.31%)

14:01
10/22/19
10/22
14:01
10/22/19
14:01
Downgrade
Webster Financial rating change  »

Compass Point cuts…

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

See Street Research during your Free Trial

  • 22

    Oct

  • 13

    Nov

WBS

Webster Financial

$44.69

-2.62 (-5.54%)

13:58
10/22/19
10/22
13:58
10/22/19
13:58
Downgrade
Webster Financial rating change  »

Webster Financial…

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

See Street Research during your Free Trial

  • 22

    Oct

  • 13

    Nov

13:55
10/22/19
10/22
13:55
10/22/19
13:55
Conference/Events
House Financial Services Committee to hold a hearing »

The Subcommittee on…

SYMC

Symantec

$23.19

0.11 (0.48%)

13:55
10/22/19
10/22
13:55
10/22/19
13:55
Conference/Events
House Committee on Homeland Security to hold a hearing »

The Cybersecurity,…

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

See Street Research during your Free Trial

  • 07

    Nov

LYFT

Lyft

$44.73

3.87 (9.47%)

, UBER

Uber

$33.79

2.375 (7.56%)

13:47
10/22/19
10/22
13:47
10/22/19
13:47
Recommendations
Lyft, Uber analyst commentary  »

Lyft profit call…

LYFT

Lyft

$44.73

3.87 (9.47%)

UBER

Uber

$33.79

2.375 (7.56%)

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

See Street Research during your Free Trial

  • 30

    Oct

  • 04

    Nov

  • 07

    Nov

  • 19

    Nov

  • 21

    Nov

  • 04

    Dec

FEYE

FireEye

$15.67

0.255 (1.65%)

13:45
10/22/19
10/22
13:45
10/22/19
13:45
Options
FireEye 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
Barclays

See Street Research during your Free Trial

  • 29

    Oct

  • 09

    Dec

  • 12

    Dec

13:45
10/22/19
10/22
13:45
10/22/19
13:45
General news
Treasury Action: the 2-year yield dropped on the good auction results »

Treasury Action: the…

MCD

McDonald's

$201.55

-8.295 (-3.95%)

13:45
10/22/19
10/22
13:45
10/22/19
13:45
Recommendations
McDonald's analyst commentary  »

McDonald's price…

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

See Street Research during your Free Trial

  • 22

    Oct

PRGS

Progress Software

$39.56

-0.06 (-0.15%)

13:44
10/22/19
10/22
13:44
10/22/19
13:44
Initiation
Progress Software initiated  »

Progress Software…

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

See Street Research during your Free Trial

  • 23

    Oct

BIIB

Biogen

$291.60

68.03 (30.43%)

13:39
10/22/19
10/22
13:39
10/22/19
13:39
Recommendations
Biogen analyst commentary  »

Biogen price target…

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

See Street Research during your Free Trial

  • 22

    Oct

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.