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UAL

United Continental

$89.31

1.06 (1.20%)

, BA

Boeing

$380.40

-1.1 (-0.29%)

11:01
04/17/19
04/17
11:01
04/17/19
11:01

United Continental CFO says 2019 cost headwinds include 737 MAX grounding

EVP and CFO Gerry Laderman says 2019 cost headwinds including the grounding of Boeing 737 MAX aircraft and suspension of service to Delhi. Says MAX aircraft will remain out of service through July and Dehli flights suspended until July 2, will assess impact as time goes on. Says confident "on track" to deliver FY19 EPS guidance. Says plans to continue to be opportunistic with share repurchases.

UAL

United Continental

$89.31

1.06 (1.20%)

BA

Boeing

$380.40

-1.1 (-0.29%)

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UAL United Continental
$89.31

1.06 (1.20%)

03/01/19
DBAB
03/01/19
DOWNGRADE
DBAB
Hold
Deutsche downgrades American Airlines, Delta on global market exposure
Deutsche Bank analyst Michael Linenberg downgraded both American Airlines (AAL) and Delta Air Lines (DAL) to Hold from Buy. Recent global macro data points "have been less encouraging of late" suggesting that airline industry risks are now more biased to the downside, Linenberg tells investors in a research note. As a result, the analyst is finding it more difficult to advocate "new money" positions in names with the most exposure to global markets. This drives his downgrade of both American and Delta to Hold. Linenberg lowered his price target for American to $40 from $47 and for Delta to $55 from $66. He also lowered his target for Buy-rated Alaska Air (ALK) to $73 from $75, for Buy-rated Allegiant Travel (ALGT) to $160 from $169, for Buy-rated JetBlue (JBLU) to $20 from $22, for Buy-rated SkyWest (SKYW) to $68 from $75, for Buy-rated Spirit Airlines (SAVE) to $75 from $79, for United Continental (UAL) to $105 from $109, and for Buy-rated Mesa Air (MESA) to $17 from $18.
03/13/19
MSCO
03/13/19
NO CHANGE
MSCO
Morgan Stanley says 737 MAX grounding shouldn't hurt long-term fundamentals
Morgan Stanley analyst Rajeev Lalwani noted that most major countries and airlines that operate Boeing's (BA) 737 MAX, except for the U.S. and Canada, have placed restrictions around the plane and his expectation is for a grounding of the fleet globally. In that base case, he said there is likely to be disruption to Boeing's deliveries and order activity that ultimately create a buying opportunity over the coming quarters as he thinks the issue should not impact fundamentals in the long run. In regard to suppliers such as Spirit AeroSystems (SPR) and United Technologies (UTX), Lalwani believes disruption will be limited, contrary to market reactions. Among U.S. airlines who operate the 737 MAX, Lalwani said Southwest (LUV) screens as most exposed versus American Airlines (AAL) and United Continental (UAL). For aircraft lessors like Air Lease (AL) and AerCap (AER), a global grounding scenario has "mixed implications," added the analyst. Though he remains comfortable with his Overweight rating and $500 price target on Boeing shares, Lalwani thinks clarity on the path ahead for the 737 will be needed for shares to resume their upward trend.
03/15/19
IMPC
03/15/19
NO CHANGE
Target $78
IMPC
Underperform
United Continental shares offer unfavorable risk/reward, says Imperial Capital
Imperial Capital analyst Michael Derchin says shares of United Continental Holdings (UAL) offer an unfavorable risk/reward opportunity at current levels. United's unit revenue momentum is likely to slow meaningfully and possibly inflect to negative territory by the second half of 2019, Derchin tells investors in a research note. The shares are trading at nearly a 40% premium to American Airlines (AAL) on fiscal 2020 earnings estimates despite relatively similar margin outlooks, adds the analyst. He keeps an Underperform rating on United Continental with a $78 price target.
04/02/19
SPHN
04/02/19
NO CHANGE
Target $63
SPHN
Overweight
Airlines needed some good news, and Delta delivered, says Stephens
With investor sentiment on the airline space negative, the group was in need of some good news and Delta Air Lines delivered a positive surprise this morning, Stephens analyst Jack Atkins tells investors in a research note. The airline pointed Q1 RASM growth to the upper-end of its initial guidance range, lowered its Q1 CASM excluding fuel expectation and raised its Q1 earnings guidance range, says the analyst. Atkins finds it encouraging that Delta noted underlying passenger demand remains solid and that the business market led the way during the quarter. Further, the company announced an extension of its credit card partnership with American Express (AXP), which is expected to double the revenue contribution to $7B by 2023 versus 2018 levels, he notes. Atkins reiterates an Overweight rating on Delta with a $63 price target. The stock in midday trading is up 7% to $55.64. Other names in the airline space include Alaska Air (ALK), American Airlines (AAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Continental (UAL).
BA Boeing
$380.40

-1.1 (-0.29%)

04/08/19
04/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. General Electric (GE) downgraded to Underweight from Neutral at JPMorgan with analyst Stephen Tusa saying with the stock up 38% year-to-date, many investors are underestimating the severity of the challenges and underlying risks at GE, while overestimating the value of "small positives." 2. Starbucks (SBUX) downgraded to Neutral from Buy at UBS with analyst Dennis Geiger saying the risk/reward on shares "appears balanced" with the stock up 55% since June. 3. Boeing (BA) downgraded to Neutral from Buy at BofA/Merrill with analyst Ronald Epstein citing the company's announcement that it will cut 737 production rates to 42 per month from 52 per month, which he takes to likely mean that the 737 delay could last longer than previously expected. 4. Micron (MU) downgraded to Market Perform from Outperform at Cowen with analyst Karl Ackerman saying his field work indicates Micron's profitability will decline again in calendar year 2020. 5. Roku (ROKU) downgraded to Sell from Neutral at Citi with analyst Mark May saying the stock is up 110% year-to-date and near all-time highs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/09/19
GSCO
04/09/19
NO CHANGE
Target $393
GSCO
Neutral
Boeing price target lowered to $393 from $420 at Goldman Sachs
Goldman Sachs analyst Noah Poponak lowered his price target on Boeing to $393 and kept his Neutral rating, saying he has been surprised by the "benign expected set of scenarios" by investors as the company investigates the recent 737 MAX events. In his conversations with investors, there seems to be "minimal overall concern with medium to long term earnings and free cash estimates" for Boeing as investors expect the company to figure out the software fix relatively quickly, the analyst writes in his research note. Poponak states however that these assumptions carry some risk, with a "non-zero chance of more than a software change given the structural changes to the airplane made for the MAX vs. the NG" model", and could impact longer-lasting impact on Boeing's 737 MAX aircraft demand.
04/10/19
JPMS
04/10/19
NO CHANGE
Target $430
JPMS
Overweight
Boeing price target lowered to $430 from $450 at JPMorgan
JPMorgan analyst Seth Seifman lowered his price target for Boeing to $430 from $450 after updating his model for the company's "roughly in line" Q1 deliveries. However, "at this stage, modeling Boeing requires major assumptions for which there is little basis right now," Seifman tells investors in a research note. Uncertainties center around the span of the MAX delivery halt, how quickly Boeing might flush out MAX inventory when the halt is lifted, and how management plans to guide with Q1 results, says the analyst. He keeps an Overweight rating on Boeing shares.
04/11/19
04/11/19
NO CHANGE

Boeing CEO says conducted 100 test flights with fixed 737 MAX software, WSJ says
The Wall Street Journal's Andrew Tangel reports that Boeing CEO Dennis Muilenburg, making his first public remarks since the Ethiopian Airlines crash of 737 MAX last month, indicated that the software changes being made will make the aircraft "even safer". Muilenburg noted that Boeing engineers have been "working tirelessly in collaboration with the Federal Aviation Administration to finalize and implement a software update that will ensure accidents like these never happen again". The CEO added that the company has already conducted nearly 100 test flights of the fixed 737 MAX software since it grounded the aircraft last month. Reference Link

TODAY'S FREE FLY STORIES

NLSN

Nielsen

$25.60

0.03 (0.12%)

, ETM

Entercom

$6.43

0.095 (1.50%)

12:22
04/24/19
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Hot Stocks
Entercom, Nielsen announce data-driven strategic agreement »

Entercom (ETM) and…

NLSN

Nielsen

$25.60

0.03 (0.12%)

ETM

Entercom

$6.43

0.095 (1.50%)

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NOC

Northrop Grumman

$280.86

-11.73 (-4.01%)

12:20
04/24/19
04/24
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04/24/19
12:20
Hot Stocks
Northrop Grumman still sees 'strong' cash flow in 2019 »

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COP

ConocoPhillips

$65.49

-0.96 (-1.44%)

12:20
04/24/19
04/24
12:20
04/24/19
12:20
Options
Call buyer in Conoco ahead of earnings next week »

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ZM

Zoom Video

$65.93

-3.12 (-4.52%)

, MSFT

Microsoft

$124.90

-0.6 (-0.48%)

12:19
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On The Fly
Fly Intel: What to watch in Microsoft earnings report »

Microsoft (MSFT) is…

ZM

Zoom Video

$65.93

-3.12 (-4.52%)

MSFT

Microsoft

$124.90

-0.6 (-0.48%)

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
04/24/19
04/24
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12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
04/24/19
04/24
12:16
04/24/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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LPL

LG Display

$8.35

-1.14 (-12.02%)

12:10
04/24/19
04/24
12:10
04/24/19
12:10
Downgrade
LG Display rating change  »

LG Display downgraded to…

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OXY

Occidental Petroleum

$60.91

-1.44 (-2.31%)

, APC

Anadarko

$71.89

7.77 (12.12%)

12:09
04/24/19
04/24
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12:09
On The Fly
Fly Intel: Wall Street's top stories at midday »

The major averages are…

OXY

Occidental Petroleum

$60.91

-1.44 (-2.31%)

APC

Anadarko

$71.89

7.77 (12.12%)

CVX

Chevron

$118.80

-3.2 (-2.62%)

BA

Boeing

$378.71

4.67 (1.25%)

T

AT&T

$30.75

-1.36 (-4.24%)

CAT

Caterpillar

$138.18

-3.9 (-2.74%)

CBS

CBS

$51.44

0.09 (0.18%)

VIA

Viacom

$36.81

0.53 (1.46%)

VIAB

Viacom

$29.88

0.61 (2.08%)

SAP

SAP

$127.96

13.12 (11.42%)

SLAB

Silicon Labs

$105.83

12.195 (13.02%)

EBAY

eBay

$38.25

1.59 (4.34%)

RES

RPC, Inc.

$11.10

-1.8 (-13.95%)

IRBT

iRobot

$103.20

-27.22 (-20.87%)

SNAP

Snap

$11.36

-0.63 (-5.25%)

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TDOC

Teladoc

$54.67

0.32 (0.59%)

, HUM

Humana

$249.01

0.71 (0.29%)

12:09
04/24/19
04/24
12:09
04/24/19
12:09
Recommendations
Teladoc, Humana analyst commentary at Baird »

Humana virtual primary…

TDOC

Teladoc

$54.67

0.32 (0.59%)

HUM

Humana

$249.01

0.71 (0.29%)

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MPC

Marathon Petroleum

$60.06

-0.94 (-1.54%)

12:05
04/24/19
04/24
12:05
04/24/19
12:05
Options
Marathon Petroleum call volume above normal and directionally bullish »

Bullish option flow…

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UMC

UMC

$1.94

0.015 (0.78%)

12:04
04/24/19
04/24
12:04
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12:04
Upgrade
UMC rating change  »

UMC upgraded to Neutral…

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LRN

K12

$31.56

-4.665 (-12.88%)

12:01
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K12 falls -12.4% »

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SPN

Superior Energy

$4.28

-0.685 (-13.80%)

12:01
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Hot Stocks
Superior Energy falls -13.9% »

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  • 24

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RES

RPC, Inc.

$11.04

-1.86 (-14.42%)

12:01
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Hot Stocks
RPC, Inc. falls -14.2% »

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SAP

SAP

$128.22

13.38 (11.65%)

12:01
04/24/19
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Hot Stocks
SAP rises 11.7% »

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APC

Anadarko

$71.92

7.8 (12.16%)

12:00
04/24/19
04/24
12:00
04/24/19
12:00
Hot Stocks
Anadarko rises 12.4% »

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TRK

Speedway Motorsports

$18.50

4.52 (32.33%)

12:00
04/24/19
04/24
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Hot Stocks
Speedway Motorsports rises 32.8% »

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12:00
04/24/19
04/24
12:00
04/24/19
12:00
General news
Treasury Action: Fed funds futures are rallying alongside the surge in Treasuries »

Treasury Action: Fed…

HMST

HomeStreet

$28.08

(0.00%)

11:50
04/24/19
04/24
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11:50
Hot Stocks
HomeStreet 'disappointed' over Blue Lion's director nominations, proposals »

HomeStreet issued a…

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PYPL

PayPal

$107.92

1.01 (0.94%)

, FB

Facebook

$183.84

0.07 (0.04%)

11:50
04/24/19
04/24
11:50
04/24/19
11:50
Earnings
Fly Intel: What to watch in PayPal earnings report »

PayPal (PYPL) is…

PYPL

PayPal

$107.92

1.01 (0.94%)

FB

Facebook

$183.84

0.07 (0.04%)

EBAY

eBay

$38.45

1.79 (4.88%)

JPM

JPMorgan

$113.45

-0.29 (-0.25%)

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AMRN

Amarin

$18.32

-0.07 (-0.38%)

11:45
04/24/19
04/24
11:45
04/24/19
11:45
Options
Amarin call volume above normal and directionally bullish »

Bullish option flow…

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11:45
04/24/19
04/24
11:45
04/24/19
11:45
General news
Treasury's $20 B FRN auction was awarded at a high discount margin of 0.139% »

Treasury's $20 B FRN…

LRN

K12

$31.11

-5.115 (-14.12%)

11:40
04/24/19
04/24
11:40
04/24/19
11:40
Recommendations
K12 analyst commentary at Barrington »

Barrington reiterates…

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TSLA

Tesla

$262.87

-0.98 (-0.37%)

, SSNLF

Samsung

$0.00

(0.00%)

11:40
04/24/19
04/24
11:40
04/24/19
11:40
Earnings
Fly Intel: What to watch in Tesla earnings report »

Tesla (TSLA) is scheduled…

TSLA

Tesla

$262.87

-0.98 (-0.37%)

SSNLF

Samsung

$0.00

(0.00%)

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  • 24

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CAT

Caterpillar

$138.82

-3.26 (-2.29%)

11:37
04/24/19
04/24
11:37
04/24/19
11:37
Hot Stocks
Breaking Hot Stocks news story on Caterpillar »

Caterpillar: Trade…

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