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AAPL

Apple

$208.59

-3.2 (-1.51%)

, BABA

Alibaba

$188.32

-6.94 (-3.55%)

08:55
05/07/19
05/07
08:55
05/07/19
08:55

Notable open interest changes for May 7th

Monday's total option volume of 19.3 million contracts resulted in net open interest growth of 2.46 million calls and 3.42 million puts. Apple (AAPL), Alibaba (BABA), Advanced Micro (AMD) and Bank of America (BAC) saw the greatest growth. Top five new positions opened include 20k Cenovus Energy (CVE) Jun-19 10 calls, 17k Cloudera (CLDR) Jan-20 10 puts, 16k NIO Inc (NIO) Jun-19 6 calls, 15k Coty (COTY) May-19 11.5 puts and 12k Occidental Petroleum (OXY) Jun-19 57.5 puts.

AAPL

Apple

$208.59

-3.2 (-1.51%)

BABA

Alibaba

$188.32

-6.94 (-3.55%)

AMD

AMD

$27.42

-0.8 (-2.83%)

BAC

Bank of America

$30.47

-0.23 (-0.75%)

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AAPL Apple
$208.59

-3.2 (-1.51%)

05/01/19
FBCO
05/01/19
NO CHANGE
Target $209
FBCO
Neutral
Apple iPhone likely bottomed, recovery will take time, says Credit Suisse
Credit Suisse analyst Matthew Cabral says that while "less bad" is a significant improvement from the rough start to the year, he reiterates a Neutral rating and a $209 price target on Apple shares as he sees a long road to recovery for iPhone with a 1 year jump in the net replacement cycle in 2019 and further extension ahead of 5G in the second half of 2020. Further, while the analyst recognizes the potential in the shift to Services, he does not think it is enough to move estimates meaningfully higher over the near- to medium-term, leaving upside for the stock more dependent on the multiple re-rating higher.
05/02/19
ADAM
05/02/19
NO CHANGE
Target $105
ADAM
Buy
Qualcomm price target raised to $105 from $89 at Canaccord
Canaccord analyst T. Michael Walkley reiterated a Buy rating on Qualcomm (QCOM) and raised his price target to $105 from $89 following the company's Q2 results, saying the Apple (AAPL) licensing agreement is stronger than expected and estimates Qualcomm will receive royalties of roughly $7.50 per iPhone or better than his previous $5 estimate. Walkley tells investors in a research note that he believes Huawei could settle soon now that Apple has settled and pay Qualcomm closer to its original agreement from 2014, and says a settlement and licensing deal with Huawei could serve as an additional catalyst for upside to estimates.
05/02/19
COWN
05/02/19
NO CHANGE
Target $100
COWN
Outperform
Qualcomm price target raised to $100 from $91 at Cowen
Cowen analyst Matthew Ramsay said Qualcomm's (QCOM) quarterly report had "lots of moving parts, as per usual," and that his initial reaction was negative. However, he said he came to feel "very good" about the Apple (AAPL) settlement and 5G average selling prices as he "dug into the details" of the report. He sees a meaningful earnings inflection in 2020 as he expects a Huawei settlement and 5G taking a material portion of what he expects to be a stabilized smartphone market. Ramsay raised his price target on Qualcomm shares to $100 from $91 and keeps an Outperform rating on the stock.
05/02/19
ARGS
05/02/19
NO CHANGE
Target $250
ARGS
Buy
Apple price target raised to $250 from $225 at Argus
Argus analyst Jim Kelleher raised his price target on Apple to $250 and kept his Buy rating after its Q2 earnings beat and higher than expected outlook for Q3. The analyst cites Apple's high Services revenue in the quarter and the surge in its contribution from Wearables & Home segment, which was the only unit to grow sequentially from peak Q1. Kelleher is also positive on the management's capital return program after Apple's expanded buyback and increased dividend announcements.
BABA Alibaba
$188.32

-6.94 (-3.55%)

04/04/19
JPMS
04/04/19
DOWNGRADE
Target $78
JPMS
Neutral
JPMorgan downgrades Altaba to Neutral ahead of dissolution
JPMorgan analyst Douglas Anmuth downgraded Altaba (AABA) to Neutral from Overweight and lowered his price target for the shares to $78 from $84. Altaba yesterday announced its board approved plans for a voluntary liquidation and dissolution, with total distributions paid expected between $76.62 and $79.22 per share, which represents ~5-9% upside from current levels, Anmuth tells investors in a research note. The analyst says this is not the tax-efficient outcome he had hoped for. He believes Altaba's ability to execute the most efficient transaction ultimately depended on Alibaba's (BABA) interest and willingness to participate, and "it was clear Alibaba has not shown an interest in repurchasing its shares." His Neutral rating reflects his expectation for a Q4 dissolution.
04/15/19
LEHM
04/15/19
NO CHANGE
Target $220
LEHM
Overweight
Alibaba price target raised to $220 from $200 at Barclays
Barclays analyst Gregory Zhao raised his price target for Alibaba Group Holding to $220 from $200 ahead of the company's Q4 results and keeps an Overweight rating on the shares. China's macro environment is recovering from the trough in Q4 and will stabilize, "thanks to the incentive measures and tax cut by government," Zhao tells investors in a pre-earnings research note.
05/07/19
MZHO
05/07/19
UPGRADE
Target $55
MZHO
Buy
Mizuho upgrades Ctrip to Buy with $55 price target into Q1 results
Mizuho analyst James Lee last night upgraded Ctrip (CTRP) to Buy from Neutral and raised his price target for the shares to $55 from $35 ahead of the company's Q1 results. The analyst expects decreased competition along with an improved macro environment and yuan appreciation will drive both domestic and outbound travel. As such, he raised his three-year annual EBITDA growth estimate for Ctrip to 35% from 23% on improved long-term fundamentals. Alibaba (BABA) remains Lee's top pick in the China Internet space.
05/07/19
KEYB
05/07/19
NO CHANGE
Target $240
KEYB
Overweight
Alibaba price target raised to $240 from $210 at KeyBanc
KeyBanc analyst Hans Chung raised his price target for Alibaba to $240 from $210, saying he still sees a meaningful upside to the stock despite a 37% rally year to date, as he believes the company will continue to be a dominant leader and pioneer in e-com 3.0. In the near to mid-term, the analyst expects feed monetization to start in the near future and contribute a meaningful growth. Freshippo's margin could be improved, driven by more stores ramped and matured, he adds. Chung reiterates an Overweight rating on the shares.
AMD AMD
$27.42

-0.8 (-2.83%)

05/01/19
WELS
05/01/19
NO CHANGE
Target $38
WELS
Outperform
AMD price target raised to $38 from $30 at Wells Fargo
Wells Fargo analyst Aaron Rakers raised his price target for AMD to $38 from $30 following quarterly results. The analyst reiterates an Outperform rating on the shares.
05/01/19
CHLM
05/01/19
NO CHANGE
Target $33
CHLM
Buy
AMD price target raised to $33 from $27 at Craig-Hallum
Craig-Hallum analyst Christian Schwab raised his price target for AMD to $33 from $27 after the company reported Q1 results better than expected and reiterated its full year 2019 expectation to grow revenue in the high-single digits. The analyst reiterates a Buy rating on the shares.
05/01/19
FBCO
05/01/19
NO CHANGE
Target $25
FBCO
Neutral
AMD price target raised to $25 from $13.50 at Credit Suisse
Credit Suisse analyst John Pitzer raised his price target for AMD to $25 from $13.50 following quarterly results. The analyst reiterates a Neutral rating on the shares.
05/03/19
DAIW
05/03/19
DOWNGRADE
DAIW
Outperform
AMD downgraded to Outperform from Buy at Daiwa
BAC Bank of America
$30.47

-0.23 (-0.75%)

04/17/19
BMOC
04/17/19
NO CHANGE
Target $37
BMOC
Market Perform
Bank of America price target raised to $37 at BMO Capital after Q1 results
BMO Capital analyst James Fotheringham raised his price target on Bank of America (BAC) to $37 from $36 after its Q1 earnings beat that was driven by reduced costs and to reflect a roll out in his model by one quarter, but also lowered his FY19 EPS view by 4c to $3.05 due to lower than expected net interest income. The analyst is also keeping his Market Perform rating on the shares, stating that among the "U.S. big four banks", he prefers Citigroup (C).
04/17/19
04/17/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PayPal (PYPL) downgraded to Neutral from Buy at UBS with analyst Eric Wasserstrom saying his analysis of PayPal's core operations indicates "limited beat-and-raise potential" over the next two years. 2. GasLog Partners (GLOP) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Fotis Giannakoulis saying he believes the partnership's ability to accretively fund new dropdowns has become increasingly more challenging. 3. Bank of America (BAC) downgraded to Hold from Buy at Jefferies with analyst Kenneth Usdin saying he does not see enough upside to warrant a Buy rating. 4. Comerica (CMA) downgraded to Outperform from Strong Buy at Raymond James and to Hold from Buy at Jefferies. 5. Skyworks (SWKS) downgraded to Neutral from Outperform at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/30/19
ATLE
04/30/19
DOWNGRADE
ATLE
Neutral
Bank of America downgraded to Neutral from Overweight at Atlantic Equities
04/30/19
04/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Hold from Buy at Stifel with analyst Scott Devitt saying Alphabet revenue growth in last night's Q1 results dropped below 20% for the first time since Q2 of 2015. 2. Bank of America (BAC) downgraded to Neutral from Overweight at Atlantic Equities. 3. Trade Desk (TTD) downgraded to Market Perform from Outperform at JMP Securities with analyst Ronald Josey saying he believes shares are currently fairly valued given the company's growth and opportunities in mobile and Connected TV. 4. ADP (ADP) downgraded to Market Perform from Outperform at Bernstein while Paychex (PAYX) was downgraded to Underperform from Market Perform. 5. Trex Company (TREX) downgraded to Neutral from Buy at B. Riley FBR with analyst Alex Rygiel citing near-term profit margin pressures. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

EPE

EP Energy

$0.16

(0.00%)

18:32
05/23/19
05/23
18:32
05/23/19
18:32
Hot Stocks
EP Energy suspends NYSE trading, begins trading on OTC markets »

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TMUS

T-Mobile

$76.07

-0.28 (-0.37%)

, NFLX

Netflix

$352.23

-7.47 (-2.08%)

18:15
05/23/19
05/23
18:15
05/23/19
18:15
Hot Stocks
T-Mobile says new Magenta plan will include Netflix Basic for families »

T-Mobile (TMUS) said…

TMUS

T-Mobile

$76.07

-0.28 (-0.37%)

NFLX

Netflix

$352.23

-7.47 (-2.08%)

03/08/13
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    Jun

HOPE

Hope Bancorp

$13.23

-0.5 (-3.64%)

18:06
05/23/19
05/23
18:06
05/23/19
18:06
Hot Stocks
Hope Bancorp names Kevin S. Kim chairman of the board »

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  • 23

    May

CTL

CenturyLink

$9.66

-0.29 (-2.91%)

18:06
05/23/19
05/23
18:06
05/23/19
18:06
Hot Stocks
CenturyLink CEO buys 50K shares of common stock »

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EXR

Extra Space Storage

$106.85

0.59 (0.56%)

18:00
05/23/19
05/23
18:00
05/23/19
18:00
Hot Stocks
Extra Space Storage raises quarterly dividend by 4.7% to 90c per share »

The dividend is payable…

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    Jun

HPQ

HP Inc.

$19.20

-0.095 (-0.49%)

17:58
05/23/19
05/23
17:58
05/23/19
17:58
Hot Stocks
HP Inc. says continue to expect FY19 free cash flow of at least $3.7B »

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    May

HPQ

HP Inc.

$19.20

-0.095 (-0.49%)

17:57
05/23/19
05/23
17:57
05/23/19
17:57
Hot Stocks
HP Inc CFO sees FY19 tax rate of about 19% »

Says FY19 EPS outlook of…

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03/06/13
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  • 23

    May

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    May

BA

Boeing

$350.57

-1.93 (-0.55%)

17:56
05/23/19
05/23
17:56
05/23/19
17:56
Periodicals
FAA tells U.N. it sees 737 MAX approval as soon as late June, Reuters says »

FAA representatives…

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    Jun

BA

Boeing

$350.57

-1.93 (-0.55%)

, UAL

United Continental

$80.91

-0.94 (-1.15%)

17:52
05/23/19
05/23
17:52
05/23/19
17:52
Periodicals
Airlines see 737 MAX needing 100-150 hours of preparation, Reuters says »

Officials from three U.S.…

BA

Boeing

$350.57

-1.93 (-0.55%)

UAL

United Continental

$80.91

-0.94 (-1.15%)

AAL

American Airlines

$29.49

-0.43 (-1.44%)

LUV

Southwest

$50.97

-1.6 (-3.04%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
Barclays

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    Nov

HPQ

HP Inc.

$19.20

-0.095 (-0.49%)

17:50
05/23/19
05/23
17:50
05/23/19
17:50
Hot Stocks
HP Inc CFO says continued to 'outperform PC market and gain profitable share' »

Says commercial portfolio…

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  • 23

    May

  • 29

    May

TCCO

Technical Comm Corp

$3.48

(0.00%)

17:48
05/23/19
05/23
17:48
05/23/19
17:48
Hot Stocks
Technical Comm Corp receives compliance and plan acceptance notices from Nasdaq »

Technical Communications…

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HPQ

HP Inc.

$19.20

-0.095 (-0.49%)

17:42
05/23/19
05/23
17:42
05/23/19
17:42
Hot Stocks
HP Inc. says PC growth across industry was subdued this quarter »

Continue to gain momentum…

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  • 23

    May

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    May

RST

Rosetta Stone

$24.93

1.135 (4.77%)

17:38
05/23/19
05/23
17:38
05/23/19
17:38
Hot Stocks
Rosetta Stone officer Sonia Galindo sells over $107K in company shares »

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  • 26

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    Jun

CCF

Chase Corporation

$100.72

0.32 (0.32%)

17:32
05/23/19
05/23
17:32
05/23/19
17:32
Hot Stocks
Chase Corporation chairman sells 2K shares of common stock »

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RNR

RenaissanceRe

$170.85

-0.34 (-0.20%)

17:24
05/23/19
05/23
17:24
05/23/19
17:24
Syndicate
Breaking Syndicate news story on RenaissanceRe »

RenaissanceRe files $750M…

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RTIX

RTI Surgical

$4.40

-0.08 (-1.79%)

17:21
05/23/19
05/23
17:21
05/23/19
17:21
Syndicate
Breaking Syndicate news story on RTI Surgical »

RTI Surgical files to…

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  • 28

    May

  • 17

    Jun

DXC

DXC Technology

$52.00

-2.5 (-4.59%)

17:21
05/23/19
05/23
17:21
05/23/19
17:21
Earnings
DXC Technology sees FY20 adjusted EPS $7.75-$8.50, consensus $9.21 »

Sees FY20 revenue…

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  • 23

    May

RTIX

RTI Surgical

$4.40

-0.08 (-1.79%)

17:19
05/23/19
05/23
17:19
05/23/19
17:19
Syndicate
Breaking Syndicate news story on RTI Surgical »

RTI Surgical files $100M…

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  • 28

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RTN

Raytheon

$179.79

-1.01 (-0.56%)

17:15
05/23/19
05/23
17:15
05/23/19
17:15
Hot Stocks
Raytheon awarded $355.49M Navy contract for AGM-88B missiles »

Raytheon has been awarded…

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  • 30

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  • 05

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DVAX

Dynavax

$6.36

(0.00%)

17:15
05/23/19
05/23
17:15
05/23/19
17:15
Hot Stocks
Breaking Hot Stocks news story on Dynavax 

Dynavax trading resumes

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  • 30

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  • 05

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COST

Costco

$248.62

-0.93 (-0.37%)

17:11
05/23/19
05/23
17:11
05/23/19
17:11
Recommendations
Costco analyst commentary  »

Baird recommends…

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  • 30

    May

MYND

MYnd Analytics

$1.16

0.14 (13.73%)

17:06
05/23/19
05/23
17:06
05/23/19
17:06
Hot Stocks
MYnd Analytics director John Pappajohn purchases 200K shares of company stock »

MYnd Analytics director…

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CBOE

Cboe Global Markets

$106.40

-1.45 (-1.34%)

17:05
05/23/19
05/23
17:05
05/23/19
17:05
Hot Stocks
Cboe Global Markets EVP Harkins sells 4.3K shares of common stock »

In a regulatory filing,…

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MGNX

MacroGenics

$18.64

0.18 (0.98%)

16:56
05/23/19
05/23
16:56
05/23/19
16:56
Hot Stocks
Integrated Core Strategies reports 5.7% passive stake in MacroGenics »

Integrated Core…

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  • 31

    May

IMRN

Immuron

$4.90

(0.00%)

16:49
05/23/19
05/23
16:49
05/23/19
16:49
Syndicate
Immuron announces offering to sell ADSs »

Immuron Limited announced…

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