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GE

General Electric

$9.32

-0.03 (-0.32%)

, TWTR

Twitter

$34.39

-0.01 (-0.03%)

08:55
04/23/19
04/23
08:55
04/23/19
08:55

Notable open interest changes for April 23rd

Monday's total option volume of 15.3 million contracts resulted in net open interest growth of 3.41 million calls and 3.16 million puts. General Electric (GE), Twitter (TWTR), Tesla (TSLA) and Facebook (FB) saw the greatest growth. Top five new positions opened include 120k General Electric (GE) 5/31 weekly 9 puts, 116k General Electric (GE) 5/31 weekly 9.5 calls, 52k Ford (F) Jun-19 10 calls, 51k General Motors (GM) Jun-19 42 calls and 35k Sirius XM (SIRI) May-19 6 calls.

GE

General Electric

$9.32

-0.03 (-0.32%)

TWTR

Twitter

$34.39

-0.01 (-0.03%)

TSLA

Tesla

$262.90

-10.35 (-3.79%)

FB

Facebook

$181.49

3.21 (1.80%)

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    Jun

GE General Electric
$9.32

-0.03 (-0.32%)

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.
04/08/19
JPMS
04/08/19
DOWNGRADE
Target $5
JPMS
Underweight
JPMorgan's Tusa downgrades General Electric to Underweight with $5 price target
JPMorgan analyst Stephen Tusa downgraded General Electric to Underweight from Neutral and lowered his price target for the shares to $5 from $6. The stock in premarket trading is down 6.5%, or 65c, to $9.36. 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," Tusa tells investors in a research note partially titled "Risk/Reward Reset." The analyst believes the Street is "significantly over projecting" the bounce in free cash flow at GE in the coming years, off levels that he calculates at zero currently. Power/Renewables "remains weak," General Electric Capital Services "will likely consume material cash for the foreseeable future," Aviation fundamentals, as per underlying free cash flow, are "weaker than meet the eye," contends Tusa. Further he believes GE's "lingering sector high leverage" leaves it "vulnerable to liquidity issues in the event of a recession."
04/08/19
JPMS
04/08/19
DOWNGRADE
Target $5
JPMS
Underweight
General Electric downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Stephen Tusa downgraded General Electric to Underweight from Neutral and lowered his price target for the shares to $5 from $6. The stock closed Friday at $10.01.
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.
TWTR Twitter
$34.39

-0.01 (-0.03%)

04/23/19
BARD
04/23/19
NO CHANGE
Target $33
BARD
Neutral
Twitter Q2 guidance looks conservative 'once again,' says Baird
In a "first glance" note following Twitter's earnings release, Baird analyst Colin Sebastian attributed the pre-market strength in the shares to a "solid" Q1 beat as well as the stock's underperformance since the company's Q4 report. Sebastian said he is encouraged by early signs of improvement from the company's focus on platform health and he believes that the company's Q2 revenue guidance "once again appears conservative." He maintains a Neutral rating and $33 price target on Twitter shares.
04/22/19
JEFF
04/22/19
NO CHANGE
JEFF
Jefferies still prefers Facebook in social, calls Twitter 'reasonably valued'
Social stocks have outperformed year-to-date, up ~55% versus the Nasdaq's rally of 20%, with Snap (SNAP) being the top performer up 120% after lagging the group in 2018, Jefferies analyst Brent Thill tells investors in a research note. The analyst continues to prefer share of Facebook (FB) in social with a Buy rating and $200 price target. He sees upside in average revenue per user and operating expenditure growth. Meanwhile, Thill is "incrementally positive" on Snap's "encouraging momentum," but says the company is "not out of the woods yet." If Snap can deliver on daily active user growth in Q1 it should be a catalyst for shares, however with the stock trading at nine-times 2019, these improvements are largely priced in, Thill tells investors in a pre-earnings research note. And while the analyst remains "fundamental fans" of Twitter, he views the stock as "reasonably valued." Further, Twitter faces tough comps for international in the first half of 2019 and for the U.S. in the second half of the year, Thill points out.
04/22/19
BARD
04/22/19
NO CHANGE
Target $33
BARD
Neutral
Twitter to meet or beat Q1 revenue estimates, says Baird
Baird analyst Colin Sebastian expects Twitter tomorrow morning to meet or beat Q1 revenue expectations "given what appeared to be conservative guidance." Further, digital marketing trends in the quarter were stable, Sebastian tells investors in a pre-earnings research note. The analyst thinks Twitter will report Q1 revenue in line or above the high end of management's guidance range, driven by "healthy" monthly daily active user trends of up 9% year-over-year. Sebastian keeps a Neutral rating on the shares with a $33 price target.
04/22/19
CLVD
04/22/19
NO CHANGE
CLVD
Neutral
Twitter ad spending remains 'encouraging,' says Cleveland Research
Cleveland Research analyst Chandler Converse says his firm's research suggests that advertising spending on Twitter remains "encouraging." The analyst sees "strong" ad engagements and like-for-like growth after budgets, according to his firm's work, finished in-line with consensus expectations and at the high-end of Twitter's Q1 guidance. He continues to expect above-consensus advertising revenue for Twitter in 2019 on "strong execution with partners." Converse has a Neutral rating on the shares.
TSLA Tesla
$262.90

-10.35 (-3.79%)

04/23/19
COWN
04/23/19
NO CHANGE
Target $160
COWN
Underperform
Tesla price target lowered to $160 from $170 at Cowen
Cowen analyst Jeffrey Osborne maintained an Underperform rating on Tesla (TSLA) and lowered his price target to $160 from $170 following the company's "Autonomy Day" event, saying he sees a significant amount of technology and execution risk in the shift in strategy from competing in just electrification to also beating Nvidia (NVDA) in hardware, Google (GOOGL) in software, and building a better ride-hailing service than current leaders in the sector.
04/23/19
ADAM
04/23/19
NO CHANGE
Target $391
ADAM
Buy
Tesla still the 'clear leader' in EVs, says Canaccord
Canaccord analyst Jed Dorsheimer reiterated a Buy rating and $391 price target on Tesla following the company's "Autonomy Day" presentation. In a research note to investors, Dorsheimer said he continues to see Tesla as the "clear leader" in EVs, and if anything remotely close to the timeline for Level 5 capabilities that the company has laid out occurs, the formidable lead that the company has in autonomy will result in "meaningful" market share gains. He also feels that the recent shareholder friendly Board member reduction to 7 from 11 that removed several of CEO Elon Musk's close allies should create a more balanced corporate governance going forward.
04/23/19
PIPR
04/23/19
NO CHANGE
PIPR
Piper sees U.S. ride-hailing market reaching $500B per year by 2040
Piper Jaffray expects the U.S. ride-hailing market will achieve annual revenue of $500B per year by 2040, analysts led by Alexander Potter tell investors in a research note. The firm, which utilized baseline data from the National Household Travel Survey, expects ride-hailing growth to continue, with around one-third of urban trips relying on shared third-party vehicles in 2040. This compares to a baseline of only 1.4% in 2017, and equates to a 20-year annual growth rate of ~14%, the analysts contend. Of the stocks with exposure to this trend, Piper prefers Lyft (LYFT), General Motors (GM) and NXP Semiconductors (NXPI). Other covered companies also warrant mention, including Apple (AAPL), Amazon.com (AMZN), Aptiv (APTV), Ford (F), Nvidia (NVDA), and Tesla (TSLA), says Piper.
04/22/19
04/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Underperform from In Line at Evercore ISI with analyst Arndt Ellinghorst citing his more cautious view on demand for its vehicles, in particular the recent "severe decline" in demand for the Model S and Model X. 2. Schlumberger (SLB) downgraded to Sell from Hold at Tudor Pickering. 3. Dunkin' Brands (DNKN) downgraded to Hold from Buy at Maxim. 4. D.R. Horton (DHI) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Jade Rahmani citing valuation. 5. Occidental Petroleum (OXY) downgraded to Neutral from Buy at Mizuho with analyst Paul Sankey saying reports of Occidental bidding for Anadarko (APC) are "well outside" his "prior understanding of company strategy." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
FB Facebook
$181.49

3.21 (1.80%)

04/22/19
CLVD
04/22/19
NO CHANGE
CLVD
Buy
Facebook 2019 estimates raised at Cleveland Research
Cleveland Research analyst Chandler Converse said his checks point to Q1 revenue for Facebook in-line with management's guidance for a mid-single digit deceleration in growth, but he also noted that advertisers seem incrementally more optimistic on the adoption of Stories ads. Additionally, partners appeared to slow plans to diversify budgets away from Facebook in the near-term given better ROI trends, said the analyst, who raised his 2019 estimates and keeps a Buy rating on the stock.
04/22/19
BARD
04/22/19
NO CHANGE
Target $195
BARD
Outperform
Facebook to report in-line to better-than-expected Q1, says Baird
Baird analyst Colin Sebastian expects Facebook to report in-line to better-than-expected Q1 results this week on the back of healthy advertiser demand. Sebastian tells investors in a research note that his firm's checks continue to suggest positive trends for the Facebook ecosystem, adding that Instagram is "particularly strong," despite headline concerns over platform privacy and safety. Management continues to highlight the growing contribution from new channels/formats while Messenger remains an area of increased focus, potentially a highlight at the upcoming F8 conference next week, he says. He maintains an Outperform rating and $195 price target.
04/23/19
FBCO
04/23/19
NO CHANGE
Target $211
FBCO
Outperform
Signs of potential value creation from Facebook new products, says Credit Suisse
Credit Suisse analyst Stephen Ju continues to anticipate the real clearing data point for Facebook shares will arrive on the Q3 report, in which he expects the OpEx/CapEx outlook to signal a return to growth for free cash flow. In the meantime, ahead of Q1 results, his checks continue to suggest minimal deceleration for U.S. budgets coupled with modest headwinds in Europe. Ju also believes there are "greater signs" of potential value creation from new products. The analyst reiterates an Outperform rating on the shares, while raising his price target on the stock to $211 from $210, as he believes Facebook will be able to drive long-term revenue growth without a material lift in ad loads with, the Street models continue to underestimate the long-term monetization potential of other billion-user properties like Messenger and WhatsApp, and free cash flow growth recovery for 2020.

TODAY'S FREE FLY STORIES

S

Sprint

$6.80

-0.155 (-2.23%)

16:50
08/20/19
08/20
16:50
08/20/19
16:50
Options
Sprint put spread is largest block on lightest volume day of the month »

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CAH

Cardinal Health

$43.74

0.26 (0.60%)

16:49
08/20/19
08/20
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16:49
Syndicate
Breaking Syndicate news story on Cardinal Health »

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DIS

Disney

$135.08

-0.25 (-0.18%)

, SNE

Sony

$55.69

-0.02 (-0.04%)

16:46
08/20/19
08/20
16:46
08/20/19
16:46
Periodicals
Disney-Sony dispute ends Feige's involvement with 'Spider-Man,' Deadline says »

Marvel Studios president…

DIS

Disney

$135.08

-0.25 (-0.18%)

SNE

Sony

$55.69

-0.02 (-0.04%)

03/08/13
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AMCR

Amcor

$9.99

-0.12 (-1.19%)

16:45
08/20/19
08/20
16:45
08/20/19
16:45
Earnings
Amcor sees FY20 adjusted constant currency EPS growth of approximately 5%-10% »

For the 2020 fiscal year,…

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AIG

AIG

$53.38

-1.42 (-2.59%)

16:44
08/20/19
08/20
16:44
08/20/19
16:44
Hot Stocks
AIG names Sabra Purtill as Deputy CFO, Head of Treasury »

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AMCR

Amcor

$9.99

-0.12 (-1.19%)

16:41
08/20/19
08/20
16:41
08/20/19
16:41
Hot Stocks
Amcor declares quarterly dividend of 12c per share »

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  • 20

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KLAC

KLA-Tencor

$140.38

-0.06 (-0.04%)

16:41
08/20/19
08/20
16:41
08/20/19
16:41
Hot Stocks
KLA-Tencor officer Amichai Steimberg sells over $1.2M in company shares »

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  • 17

    Sep

AMCR

Amcor

$9.99

-0.12 (-1.19%)

16:39
08/20/19
08/20
16:39
08/20/19
16:39
Hot Stocks
Amcor approves $500M share buyback »

Amcor CEO Ron Delia said:…

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  • 20

    Aug

16:38
08/20/19
08/20
16:38
08/20/19
16:38
General News
API crude inventories for week of August 16 »

API reports that crude…

JKHY

Jack Henry

$140.79

-0.72 (-0.51%)

16:36
08/20/19
08/20
16:36
08/20/19
16:36
Earnings
Jack Henry & Associates reports Q4 EPS 79c, consensus 77c »

Reports Q4 revenue…

03/08/13
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03/08/13
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03/06/13
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  • 21

    Aug

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    Sep

CECO

Career Education

$21.94

-0.05 (-0.23%)

16:35
08/20/19
08/20
16:35
08/20/19
16:35
Hot Stocks
Career Education VP Michele Peppers sells over $221K in company shares »

Career Education VP…

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03/06/13
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  • 05

    Sep

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    Sep

ALC

Alcon

$62.45

0.66 (1.07%)

16:35
08/20/19
08/20
16:35
08/20/19
16:35
Earnings
Breaking Earnings news story on Alcon »

Alcon sees FY19 revenue…

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03/08/13
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03/06/13
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  • 21

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NDSN

Nordson

$135.43

-1.79 (-1.30%)

16:34
08/20/19
08/20
16:34
08/20/19
16:34
Hot Stocks
Nordson expects flat to modest organic sales growth in FY19 »

Expects an unfavorable…

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  • 21

    Aug

HD

Home Depot

$217.14

9.165 (4.41%)

, KSS

Kohl's

$44.87

-3.33 (-6.91%)

16:34
08/20/19
08/20
16:34
08/20/19
16:34
On The Fly
Fly Intel: Wall Street's top stories for Tuesday »

The S&P 500 halted a…

HD

Home Depot

$217.14

9.165 (4.41%)

KSS

Kohl's

$44.87

-3.33 (-6.91%)

TJX

TJX

$51.55

(0.00%)

ELAN

Elanco

$27.25

-2.57 (-8.62%)

BAYRY

Bayer

$0.00

(0.00%)

SABR

Sabre

$23.73

-0.2 (-0.84%)

FB

Facebook

$183.76

-2.46 (-1.32%)

ENDP

Endo

$3.02

0.47 (18.43%)

MDT

Medtronic

$106.91

2.76 (2.65%)

SRPT

Sarepta

$101.90

-18.26 (-15.20%)

FN

Fabrinet

$46.40

-10 (-17.73%)

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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    Oct

NDSN

Nordson

$135.43

-1.79 (-1.30%)

16:33
08/20/19
08/20
16:33
08/20/19
16:33
Hot Stocks
Breaking Hot Stocks news story on Nordson »

Nordson reports FY19…

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  • 21

    Aug

TOL

Toll Brothers

$36.91

0.52 (1.43%)

16:33
08/20/19
08/20
16:33
08/20/19
16:33
Earnings
Toll Brothers sees FY19 deliveries 7,800-8,100 units »

The company expects FY…

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  • 21

    Aug

ALC

Alcon

$62.45

0.66 (1.07%)

16:33
08/20/19
08/20
16:33
08/20/19
16:33
Earnings
Alcon reports Q2 core EPS 47c, consensus 48c »

Reports Q2 revenue…

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  • 21

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  • 04

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  • 09

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ORLY

O'Reilly Automotive

$383.21

-2.42 (-0.63%)

16:33
08/20/19
08/20
16:33
08/20/19
16:33
Hot Stocks
O'Reilly Automotive to acquire Mayasa Auto Parts, terms not disclosed »

O'Reilly Automotive…

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NDSN

Nordson

$135.43

-1.79 (-1.30%)

16:33
08/20/19
08/20
16:33
08/20/19
16:33
Earnings
Nordson reports Q3 GAAP EPS $1.62, consensus $1.81 »

Reports Q3 revenue $560M,…

03/08/13
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  • 21

    Aug

TOL

Toll Brothers

$36.91

0.52 (1.43%)

16:32
08/20/19
08/20
16:32
08/20/19
16:32
Earnings
Toll Brothers reports Q3 EPS $1.00, consensus 82c »

Reports Q3 revenue…

03/08/13
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  • 21

    Aug

16:30
08/20/19
08/20
16:30
08/20/19
16:30
Options
Preliminary option volume of 15.2M today »

Preliminary option volume…

SCSG

SouthCrest Financial Group

$0.00

(0.00%)

16:28
08/20/19
08/20
16:28
08/20/19
16:28
Hot Stocks
SouthCrest Financial Group announces $5M share repurchase pact »

SouthCrest Financial…

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BP

BP

$36.44

-0.42 (-1.14%)

16:25
08/20/19
08/20
16:25
08/20/19
16:25
Initiation
BP initiated  »

BP initiated with an…

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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  • 27

    Aug

  • 25

    Sep

ABBV

AbbVie

$66.38

-0.17 (-0.26%)

16:23
08/20/19
08/20
16:23
08/20/19
16:23
Hot Stocks
AbbVie VP Jeffrey Stewart buys over $1M in company shares »

AbbVie VP Jeffrey Stewart…

03/08/13
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03/06/13
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03/06/13
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  • 09

    Sep

  • 16

    Sep

CREE

Cree

$58.19

-0.09 (-0.15%)

16:20
08/20/19
08/20
16:20
08/20/19
16:20
Hot Stocks
Breaking Hot Stocks news story on Cree »

Cree down 7.5% after Q4…

03/08/13
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  • 20

    Aug

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