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IBM

IBM

$144.58

0.6 (0.42%)

15:04
04/16/19
04/16
15:04
04/16/19
15:04

IBM options imply 6.9% move in share price post-earnings, above median historical move

Pre-earnings options volume in IBM is 3.8x normal with calls leading puts 9:7. Implied volatility suggests the market is anticipating a move near 6.9%, or $10.00, after results are released. Median move over the past eight quarters is 6.2%.

  • 16

    Apr

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    Apr

IBM IBM
$144.58

0.6 (0.42%)

02/11/19
PIPR
02/11/19
NO CHANGE
PIPR
Piper storage survey positive for Pure Storage, Nutanix, NetApp
Piper Jaffray conducted its fiscal Q4 Storage Reseller Survey by collecting feedback from 28 resellers and distributors. While only five of 14 vendors had net positive results versus six of the 14 last quarter, the firm saw "strong results" for Pure Storage (PSTG), Rubrik, Nutanix (NTNX), Veeam and NetApp (NTAP), analyst Andrew Nowinski told investors earlier in a research note. Pure Storage also had the strongest pipeline heading into the April quarter, added the analyst. The company's results sharply improved in the survey, with 67% of resellers citing "Above Plan" results, the highest level seen in three years, says Nowinski. The stock in early trading is up 19c to $18.47. Of those surveyed by Piper, 36% of resellers said they saw a negative impact from the U.S. government shutdown, with Dell (DELL), HP/3PAR (HPQ) and IBM (IMB) the most impacted.
03/15/19
BMOC
03/15/19
DOWNGRADE
Target $53
BMOC
Market Perform
Oracle downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Keith Bachman downgraded Oracle (ORCL) to Market Perform from Outperform with an unchanged price target of $53 following last night's fiscal Q3 results. The stock in premarket trading is down 3%, or $1.65, to $51.40. The analyst believes Oracle can sustain ~2% constant currency revenue growth, but is "dubious" the company can improve its revenue growth rates. He does not think autonomous database or gradual unfolding of the cloud enterprise resource planning market will help Oracle's growth in fiscal 2020. As demonstrated by IBM (IBM) over the years, an aggressive buyback will not be enough to push the shares meaningfully higher without improved top-line results, Bachman tells investors in a post-earnings research note. As such, he sees a balanced risk/reward profile at current share levels.
03/26/19
BERN
03/26/19
NO CHANGE
BERN
Red Hat worth $190/share 'even as stand alone entity,' says Bernstein
Bernstein analyst Zane Chrane notes that Red Hat's (RHT) Q4 results are unlikely to have a material impact on the stock price given the expected acquisition by IBM (IBM) in the second half of 2019. However, strong growth in emerging products, continued reacceleration in RHEL revenue, and robust growth in deferred revenue and backlog all suggest the company is having increasing success in cross-selling its hybrid cloud solutions to large enterprise customers, he contends, adding that this quarter's results were "strong across the board," suggesting that the pending IBM deal is not having any negative impact on the company's execution. Chrane believes Red Hat is worth $190 per share "even as a stand-alone entity."
04/11/19
FBCO
04/11/19
INITIATION
Target $173
FBCO
Outperform
IBM initiated with an Outperform at Credit Suisse
Credit Suisse analyst Matt Cabral initiated IBM (IBM) with an Outperform rating and a price target of $173. The analyst cites the impact of the company's pending Red Hat (RHT) acquisition generating synergies while bringing together the industry expertise and incumbency to "help customers move to hybrid". Cabral adds that while IBM has sustainable free cash flow of about $12B ex-Red Hat, he expects the deal to be cash flow accretive in the first year, becoming the company's "main driver of growth".

TODAY'S FREE FLY STORIES

PDS

Precision Drilling

$2.80

-0.125 (-4.27%)

06:20
04/25/19
04/25
06:20
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06:20
Earnings
Precision Drilling reports Q1 EPS ex-items 0c, consensus (5c) »

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STC

Stewart

$43.87

-0.24 (-0.54%)

06:20
04/25/19
04/25
06:20
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06:20
Earnings
Stewart reports Q1 EPS (29c), consensus 0c »

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DLTR

Dollar Tree

$110.20

0.9 (0.82%)

06:20
04/25/19
04/25
06:20
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06:20
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Dollar Tree analyst commentary  »

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BAYRY

Bayer

$0.00

(0.00%)

06:20
04/25/19
04/25
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06:20
Hot Stocks
Bayer says 'on track' with plans to exit animal health business »

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HZO

MarineMax

$19.84

0.48 (2.48%)

06:20
04/25/19
04/25
06:20
04/25/19
06:20
Earnings
MarineMax cuts FY19 EPS view to $1.75-$1.85 from $1.85-$1.95 

FY19 consensus $1.94.

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CYBR

CyberArk

$125.66

-0.38 (-0.30%)

06:19
04/25/19
04/25
06:19
04/25/19
06:19
Downgrade
CyberArk rating change  »

CyberArk downgraded to…

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    May

BAYRY

Bayer

$0.00

(0.00%)

06:19
04/25/19
04/25
06:19
04/25/19
06:19
Hot Stocks
Breaking Hot Stocks news story on Bayer »

Bayer confirms outlook…

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HZO

MarineMax

$19.84

0.48 (2.48%)

06:19
04/25/19
04/25
06:19
04/25/19
06:19
Earnings
MarineMax reports Q2 EPS 23c, consensus 31c »

Reports Q2 revenue…

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  • 25

    Apr

EL

Estee Lauder

$170.39

-0.67 (-0.39%)

06:18
04/25/19
04/25
06:18
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06:18
Recommendations
Estee Lauder analyst commentary  »

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BAYRY

Bayer

$0.00

(0.00%)

06:18
04/25/19
04/25
06:18
04/25/19
06:18
Earnings
Bayer reports Q1 core EPS EUR2.55 vs. EUR2.24 last year »

Reports Q1 sales…

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LKQ

LKQ Corp.

$31.46

0.12 (0.38%)

06:18
04/25/19
04/25
06:18
04/25/19
06:18
Earnings
LKQ Corp. still sees 2019 adjusted EPS $2.34-$2.46, consensus $ »

Still sees 2019 organic…

03/08/13
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AGR

Avangrid

$52.60

0.245 (0.47%)

06:17
04/25/19
04/25
06:17
04/25/19
06:17
Downgrade
Avangrid rating change  »

Avangrid downgraded to…

03/08/13
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CX

Cemex

$4.83

0.05 (1.05%)

06:17
04/25/19
04/25
06:17
04/25/19
06:17
Earnings
Cemex reports Q1 revenue $3.2B, consensus $3.35B »

Operating EBITDA…

03/08/13
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LKQ

LKQ Corp.

$31.46

0.12 (0.38%)

06:16
04/25/19
04/25
06:16
04/25/19
06:16
Earnings
LKQ Corp. reports Q1 adjusted EPS 56c, consensus 56c »

Reports Q1 revenue $3.1B,…

03/08/13
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FBC

Flagstar Bancorp

$35.44

0.355 (1.01%)

06:16
04/25/19
04/25
06:16
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06:16
Downgrade
Flagstar Bancorp rating change  »

Flagstar Bancorp…

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WYNN

Wynn Resorts

$144.35

1.35 (0.94%)

06:15
04/25/19
04/25
06:15
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06:15
Upgrade
Wynn Resorts rating change  »

Wynn Resorts upgraded to…

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  • 07

    May

SAVE

Spirit Airlines

$58.30

0.82 (1.43%)

06:15
04/25/19
04/25
06:15
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06:15
Downgrade
Spirit Airlines rating change at BofA/Merrill »

Spirit Airlines…

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PNM

PNM Resources

$45.22

0.33 (0.74%)

06:15
04/25/19
04/25
06:15
04/25/19
06:15
Upgrade
PNM Resources rating change  »

PNM Resources upgraded to…

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  • 07

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BA

Boeing

$375.32

1.28 (0.34%)

, EADSY

Airbus

$0.00

(0.00%)

06:14
04/25/19
04/25
06:14
04/25/19
06:14
Periodicals
Boeing removes 210 orders from backlog after Jet stops operations, Reuters says »

Boeing (BA) has dropped…

BA

Boeing

$375.32

1.28 (0.34%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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  • 29

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DAN

Dana

$20.13

-0.16 (-0.79%)

, F

Ford

$9.58

0.08 (0.84%)

06:14
04/25/19
04/25
06:14
04/25/19
06:14
Hot Stocks
Dana, Motiv announce collaboration on Ford F-550 for commercial fleet use »

Dana (DAN) and Motiv…

DAN

Dana

$20.13

-0.16 (-0.79%)

F

Ford

$9.58

0.08 (0.84%)

03/08/13
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FBNC

First Bancorp

06:14
04/25/19
04/25
06:14
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06:14
Upgrade
First Bancorp rating change  »

First Bancorp upgraded to…

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  • 09

    May

PYPL

PayPal

$107.18

0.27 (0.25%)

06:14
04/25/19
04/25
06:14
04/25/19
06:14
Hot Stocks
Happy Returns announces strategic investment from PayPal »

Happy Returns announced a…

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  • 09

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SAP

SAP

$129.01

14.17 (12.34%)

06:14
04/25/19
04/25
06:14
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06:14
Upgrade
SAP rating change  »

SAP upgraded to Hold from…

03/08/13
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  • 07

    May

WNS

WNS Holdings

$56.45

0.73 (1.31%)

06:14
04/25/19
04/25
06:14
04/25/19
06:14
Earnings
WNS Holdings sees FY20 adjusted EPS $2-67-$2.90, consensus $2.81 »

Sees FY20 revenue less…

03/08/13
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03/06/13
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  • 25

    Apr

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    May

NOK

Nokia

$5.78

-0.015 (-0.26%)

06:14
04/25/19
04/25
06:14
04/25/19
06:14
Earnings
Nokia sees FY20 EPS EUR 0.37-EUR 0.42 »

Sees FY20 non-IFRS…

03/08/13
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