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AMD

AMD

$29.18

2 (7.36%)

, GE

General Electric

$10.11

-0.1 (-0.98%)

08:55
04/04/19
04/04
08:55
04/04/19
08:55

Notable open interest changes for April 4th

Wednesday's total option volume of 20.5 million contracts resulted in net open interest growth of 2.91 million calls and 3.35 million puts. Advanced Micro (AMD), General Electric (GE), Wheaton Precious Metals (WPM) and Coty (COTY) saw the greatest growth. Top five new positions opened include 50k Wheaton Precious Metals (WPM) 4/5 weekly 25 calls, 50k Wheaton Precious Metals (WPM) 4/5 weekly 25 puts, 50k General Electric (GE) May-19 9 puts, 48k General Electric (GE) May-19 8 puts and 48k Coty (COTY) May-19 15 puts.

AMD

AMD

$29.18

2 (7.36%)

GE

General Electric

$10.11

-0.1 (-0.98%)

WPM

Wheaton Precious Metals

$23.38

-0.15 (-0.64%)

COTY

Coty

$11.18

-0.1 (-0.89%)

  • 04

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  • 08

    May

AMD AMD
$29.18

2 (7.36%)

04/03/19
NOMU
04/03/19
INITIATION
NOMU
Nomura cautious on Semiconductors near term, calls AMD 'stand out'
Nomura Instinet analyst David Wong rolled out coverage on four names in the U.S. Semiconductors. The analyst has a positive view on long-term semiconductor growth, but cyclical concerns make him cautious in the near term. He models long-term semiconductor annual sales growth of 7%-9% from 2020 to 2025, driven by new technologies, including artificial intelligence, autonomous driving, 5G communications, Internet of Things, and the continued buildout of global datacenter infrastructure. However, the cyclical downturn, which began in the second half of 2018, could "present headwinds" for chip companies through 2019 and possibly in 2020, Wong tells investors in a research note. He foresees continuing year-over-year declines for the chip industry through 2019, with 2019 down about 10%. Nonetheless, the analyst initiated coverage of AMD (AMD) and Intel (INTC) with Buy ratings and price targets of $33 and $65, respectively. AMD's "solid positions" in both the x86 microprocessor and standalone graphics processor markets "make it stand out," says Wong. He believes the company has an opportunity to gain share with the launch of its new microprocessor and GPU families, driving sales growth through 2019, 2020, and beyond. Further, Wong thinks Intel's "dominance" in microprocessors, and in particular its leadership in artificial intelligence and autonomous driving, will drive above-average long-term growth for the company. The analyst also initiated Nvidia (NVDA) and Xilinx (XLNX) with Neutral ratings. He thinks both stocks' valuations already reflect the companies' positives.
04/03/19
RBCM
04/03/19
NO CHANGE
RBCM
Outperform
AMD speculated to gain market share in Desktops and Notebooks, says RBC Capital
RBC Capital analyst Mitch Steves keeps his Outperform rating on AMD, citing the recent DigiTimes report highlighting PC supplier expectations that the company "will gain share in both the Desktop and Notebook markets" in the second half of 2019. The analyst believes that "notebook share gains will be seen as early as Q2 with desktop share gains being seen more clearly in Q3", adding that overall PC units should be up "slightly" this year with CPU constraints "causing a near-term under-shipment."
04/03/19
BOFA
04/03/19
NO CHANGE
Target $62
BOFA
Buy
Intel Innovation Day shows alignment with 'major megatrends', says BofA/Merrill
BofA/Merrill analyst Vivek Arya kept his Buy rating and $62 price target on Intel (INTC) after its "Data-Centric Innovation Day" event. The analyst says the tone of the discussions was "positive" and the presentations showcased the company's continued alignment with "major megatrends" which include "transition to the cloud, AI proliferation, and the 'cloudification' of the network." Arya adds that Intel's expanding product breadth "can help offset share losses to AMD (AMD) ahead of its expected launch of its next-gen 7nm server CPUs this summer.
04/03/19
04/03/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. GrubHub (GRUB) initiated with a Buy at BTIG. 2. AMD (AMD) and Intel (INTC) initiated with a Buy at Nomura Instinet, while Nvidia (NVDA) and Xilinx (XLNX) were initiated with a Neutral. 3. Futu (FHL) initiated with a Neutral at Goldman Sachs. 4. Square (SQ) initiated with a Market Perform at Bernstein. 5. DowDuPont (DWDP) and Dow Inc. (DOW) initiated with a Buy at UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
GE General Electric
$10.11

-0.1 (-0.98%)

03/12/19
JPMS
03/12/19
NO CHANGE
Target $6
JPMS
Neutral
JPMorgan's Tusa stays negative on General Electric into outlook call
JPMorgan analyst Stephen Tusa remains negative on shares of General Electric into the company's outlook call. The analyst has a Neutral rating on the stock with a $6 price target. GE closed yesterday up 32c to $9.90. Tusa continues to see "challenging fundamental math." The Power segment "does not turn fast," and Aviation fundamentals, as per free cash flow, are "not as strong as many assume and unlikely to get better near term," Tusa tells investors in a research note titled "GE Outlook Call Preview - Complex and Simple at the Same Time." Further, General Electric Capital Service will likely consume "material cash for the foreseeable future, all while lingering sector-high leverage leaves the company vulnerable," says Tusa. He believes GE management "continues to walk a fine line with many parties to keep in mind (ratings agencies, shareholders, employees), making the tone tough to call." The analyst does not expect "much from a half hour of prepared remarks to change the dynamics."
03/14/19
JPMS
03/14/19
NO CHANGE
Target $6
JPMS
Neutral
GE had 'optimistic tone,' but offered little to change view, says Tusa
General Electric's guidance today had an "optimistic tone," JPMorgan analyst Stephen Tusa tells investors in a research note. However, the analyst sees little reason to change his estimates or view on the company, "with more reclassifications than what we would have expected from a new regime." It is disappointing to see that there is no change in structure of GE's guidance, with "officially the widest gap we have now ever seen between consensus earnings and free cash flow," Tusa writes. He believes this will likely sustain itself into 2020, for which earnings will likely be down due to divestitures. It now seems highly likely that consensus estimates will remain too high on forward numbers, "something Bulls can run with today, but something management would need to contend with over the course of 2019," concludes Tusa. He keeps a Neutral rating on the shares with a $6 price target. General Electric in morning trading is up 4%, or 41c, to $10.44.
03/15/19
FBCO
03/15/19
NO CHANGE
Target $11
FBCO
Neutral
GE sentiment firming, but stock remains a battleground, says Credit Suisse
Credit Suisse analyst John Walsh lowered his estimates for General Electric following the company's outlook call, but he said he believes sentiment on the stock is firming following what he views as several transparent investor communication events. The company's free cash flow guidance of negative $2B to flat was better than investor expectations for negative $2-4B and the Power segment margin guidance of "positive" was better than expected as well, noted Walsh. He thinks GE remains a battleground stock and expects it to be range-bound ahead of Power execution and broader restructuring. Walsh keeps a Neutral rating and $11 price target on GE shares.
03/18/19
LEHM
03/18/19
NO CHANGE
Target $13
LEHM
Overweight
GE free cash flow outlook 'battered but largely intact,' says Barclays
Despite lowering his headline and free cash flow estimates for General Electric following the company's 2019, Barclays analyst Julian Mitchell still thinks $6.5B-$7.0B of Industrial free cash flow looks attainable for 2021. However, GE's equity value is likely to remain volatile given the range of expectations, Mitchell tells investors in a research note titled "FCF outlook battered but largely intact; Divestments cover Capital risk." The analyst hopes that the evaluation of "all options" to de-risk GE Capital leads to more meaningful outcomes than the stated effort to "leverage EFS capabilities to enable Industrial orders." He keeps an Overweight rating on shares of General Electric with an unchanged price target of $13.
WPM Wheaton Precious Metals
$23.38

-0.15 (-0.64%)

10/10/18
LEHM
10/10/18
INITIATION
Target $21
LEHM
Overweight
Wheaton Precious Metals initiated with an Overweight at Barclays
Barclays analyst Matthew Murphy started Wheaton Precious Metals with an Overweight rating and $21 price target. The analyst rolled out coverage on the North American mining sector with a positive outlook. The current dollar-positive macro dynamic has taken its toll on mining equities, offering investors an attractive entry point to the sector, Murphy tells investors in a research note.
12/19/18
FBCO
12/19/18
DOWNGRADE
FBCO
Neutral
Wheaton Precious Metals downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Fahad Tariq downgraded Wheaton Precious Metals to Neutral with an unchanged price target of C$30. The analyst says he's not as confident on the company's recent non-gold/silver acquisitions. Further, royalty companies generally do not have as much upside to rising gold prices relative to other companies, Tariq tells investors in a research note.
03/29/19
STPT
03/29/19
DOWNGRADE
STPT
Hold
Wheaton Precious Metals downgraded to Hold from Buy at Standpoint Research
COTY Coty
$11.18

-0.1 (-0.89%)

04/02/19
SBSH
04/02/19
DOWNGRADE
Target $12
SBSH
Neutral
Coty downgraded to Neutral from Buy at Citi
Citi analyst Wendy Nicholson downgraded Coty to Neutral from Buy and lowered her price target for the shares to $12 from $13. The analyst cites valuation for the downgrade following the stock's year-to-date rally.
04/01/19
JPMS
04/01/19
NO CHANGE
Target $10
JPMS
Neutral
Coty added to Analyst Focus List as short idea at JPMorgan
JPMorgan analyst Andrea Teixeira added Coty to her firm's Analyst Focus List as her top short idea. The "technical dynamics" following the completion of JAB's partial tender offer will place downward pressure on the stock in the near term, Teixeira tells investors in a research note. She believes believe Coty "will be effectively in a news vacuum" in the short term with little fundamental reason for shares to maintain their current valuation until management unveils a plan for turning around Consumer Beauty and improving the profitability of the overall business. The analyst keeps a Neutral rating on the shares with a $10 price target.
03/20/19
JEFF
03/20/19
NO CHANGE
JEFF
Amazon risk still manageable for beauty retailers, says Jefferies
Jefferies analyst Stephanie Wissink said Amazon's (AMZN) launch of a value priced private label skincare brand, Belei, "came as a bit of a surprise," adding that her sense from contacts inside and outside of the e-commerce company is that the launch is meant to establish a stronger presence, refine a more robust beauty platform and provide data to improve access to national brands. Wissink said it has become increasingly competitive for smaller brands to get into Sephora and Ulta (ULTA) and she expects Amazon to gain access to a growing number of small brands. Wissink points to Ulta's recent strong report as an indicator that with the right, curated assortment, the company is able to protect its position and gain share. Publicly traded skincare and beauty product makers include Estee Lauder (EL), Revlon (REV), Coty (COTY) and e.l.f. Beauty (ELF).
03/05/19
JEFF
03/05/19
NO CHANGE
JEFF
Hold
Revlon sales declines reported to worsen in February, says Jefferies
After reviewing Nielsen data through Feb. 23, Jefferies Stephanie Wissink noted that mass beauty sales decelerated to down 4% in the trailing 4 week period, with all categories stepping lower. By brand, Revlon sales decline of 15% was a deceleration, L'Oreal's (LRCLY) 2% decline was a slight deceleration, e.l.f. Beauty's (ELF) decline of 3% was stable and Coty's (COTY) 4% decline was improved, Wissink tells investors. She keeps Hold rating on all four mass beauty product makers mentioned. In morning trading, shares of Revlon are down $4.95. or 19.4%, to $20.62.

TODAY'S FREE FLY STORIES

TSLA

Tesla

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-10.35 (-3.79%)

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HSTM

HealthStream

$27.23

0.11 (0.41%)

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HSTM

HealthStream

$27.23

0.11 (0.41%)

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RCKT

Rocket Pharmaceuticals

$17.78

0.91 (5.39%)

16:31
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GES

Guess

$16.66

-0.41 (-2.40%)

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Preliminary option volume of 15.3M today »

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GRTS

Gritstone Oncology

$14.57

0.86 (6.27%)

16:29
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Gritstone Oncology files to sell 6.5M shares of common stock »

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ACC

American Campus

$46.47

-0.87 (-1.84%)

16:28
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Earnings
American Campus reports Q1 FFO 69c, consensus 65c »

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GES

Guess

$16.66

-0.41 (-2.40%)

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GES

Guess

$16.66

-0.41 (-2.40%)

16:26
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RHE

Regional Health Properties

$2.26

1.17 (107.34%)

16:26
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BBL

BHP Billiton plc

$48.94

0.225 (0.46%)

16:24
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Downgrade
BHP Billiton plc rating change  »

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O

Realty Income

$67.89

-0.66 (-0.96%)

16:23
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Earnings
Realty Income raises FY19 AFFO view to $3.28-$3.33 from $3.25-$3.31 »

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GES

Guess

$16.66

-0.41 (-2.40%)

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BHP

BHP Group

$55.14

0.19 (0.35%)

16:23
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BHP Group rating change  »

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AEP

American Electric

$82.92

-0.04 (-0.05%)

, SRE

Sempra Energy

$125.35

-2.07 (-1.62%)

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AEP

American Electric

$82.92

-0.04 (-0.05%)

SRE

Sempra Energy

$125.35

-2.07 (-1.62%)

03/08/13
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O

Realty Income

$67.89

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  • 02

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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VCYT

Veracyte

$23.04

0.02 (0.09%)

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CMRE

Costamare

$5.65

-0.09 (-1.57%)

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  • 23

    Apr

AEP

American Electric

$82.92

-0.04 (-0.05%)

16:19
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  • 23

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TSLA

Tesla

$262.90

-10.35 (-3.79%)

16:19
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  • 22

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NOG

Northern Oil and Gas

$2.73

0.125 (4.81%)

16:18
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NBTB

NBT Bancorp

$36.77

-0.28 (-0.76%)

16:18
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  • 13

    May

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    May

WHR

Whirlpool

$139.39

0.35 (0.25%)

16:17
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  • 23

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