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GE

General Electric

$10.13

0.08 (0.80%)

, AAPL

Apple

$197.22

-2.72 (-1.36%)

08:55
05/13/19
05/13
08:55
05/13/19
08:55

Notable open interest changes for May 13th

Friday's total option volume of 23.8 million contracts resulted in net open interest growth of 2.71 million calls and 2.89 million puts. General Electric (GE), Apple (AAPL), Alibaba (BABA) and Bank of America (BAC) saw the greatest growth. Top five new positions opened include 55k General Electric (GE) Jun-19 10 calls, 48k General Electric (GE) Jun-19 10 puts, 18k Avaya Holdings (AVYA) Sep-19 15 calls, 16k Gulfport Energy (GPOR) Dec-19 5 puts and 15k Halliburton (HAL) Jul-19 27.5 calls.

GE

General Electric

$10.13

0.08 (0.80%)

AAPL

Apple

$197.22

-2.72 (-1.36%)

BABA

Alibaba

$177.94

-1.21 (-0.68%)

BAC

Bank of America

$29.59

-0.11 (-0.37%)

  • 14

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    Jul

GE General Electric
$10.13

0.08 (0.80%)

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.
05/01/19
SBSH
05/01/19
NO CHANGE
Target $14
SBSH
General Electric turnaround is 'gaining promise,' says Citi
Citi analyst Andrew Kaplowitz says General Electric's turnaround is "gaining promise" following yesterday's Q1 results and unchanged 2019 outlook. The analyst thinks GE's stock price outperformance yesterday reflects increasing investor confidence that, under still relatively new CEO Larry Culp, management's ability to deliver versus its stated targets could be increasing. Re-establishing credibility with investors is an important early sign of change underway, Kaplowitz tells investors in a research note. He keeps a Buy rating on General Electric with a $14 price target.
05/01/19
JPMS
05/01/19
NO CHANGE
Target $5
JPMS
Underweight
GE earnings rally unwarranted as 'many questions remain,' says JPMorgan
JPMorgan analyst Stephen Tusa characterizes General Electric's Q1 results as a headline beat with "weak" internals. The quarter was "far from a disaster, but also far from a blowout," Tusa tells investors in a post-earnings research note. He keeps an Underweight rating on GE with a $5 price target. The company's free cash flow outlook is unchanged as "timing dynamics are real," says Tusa. He understands why the stock trade up on the results, but feels the move is unwarranted as "many questions remain."
05/03/19
JPMS
05/03/19
NO CHANGE
JPMS
Overweight
GE may be putting money into GECS for 'many years to come,' says JPMorgan
General Electric's $1.9B insurance contribution this past quarter, and the resulting language around it, support the view that insurance is a "negative call" on capital and equity value, JPMorgan analyst Stephen Tusa tells investors in a research note titled "GECS Landlocked As Leverage Flattered By Restricted, Regulatory Capital." Further, the equity that is building in the segment is being "inappropriately double counted" as equity for the General Electric Capital Services shareholder, says the analyst. He models that GECS is worth zero and believes it is "becoming increasingly clear" how under-capitalized both GECS and GE Capital Aviation Services are. GE will likely need to contribute capital to these segments beyond the $4B expected in 2019, "potentially for many years to come," according to Tusa. The analyst views GE's capital requirement assumptions as "aggressive" and keeps an Underweight rating on the shares.
AAPL Apple
$197.22

-2.72 (-1.36%)

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.
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.
05/01/19
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.
BABA Alibaba
$177.94

-1.21 (-0.68%)

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.
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.
05/13/19
THCP
05/13/19
NO CHANGE
Target $220
THCP
Buy
Alibaba price target raised to $220 from $180 at TH Data Capital
TH Data Capital analyst Tian Hou raised his price target for Alibaba Group to $220 from $180 and maintains a Buy rating on the shares ahead of the company's fiscal Q4 results on May 15. Alibaba's Q4 revenue growth is likely to be better than consensus given its continuing innovations in the marketplace, Hou tells investors in a pre-earnings research note. "Non-stop adoption of innovations in the marketplace keeps the existing business energetic," says the analyst.
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.
BAC Bank of America
$29.59

-0.11 (-0.37%)

04/30/19
ATLE
04/30/19
DOWNGRADE
ATLE
Neutral
Bank of America downgraded to Neutral from Overweight at Atlantic Equities
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.
04/17/19
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).
04/30/19
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

AMCR

Amcor

$9.99

-0.12 (-1.19%)

16:53
08/20/19
08/20
16:53
08/20/19
16:53
Earnings
Amcor sees FY20 adjusted constant currency EPS growth of approximately 5%-10% »

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

Cardinal Health files…

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  • 09

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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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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 »

American International…

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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 »

The Amcor Board of…

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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 »

KLA-Tencor officer…

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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…

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03/06/13
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  • 21

    Aug

  • 11

    Sep

  • 12

    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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03/06/13
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  • 05

    Sep

  • 25

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  • 26

    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

    Aug

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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
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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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  • 20

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  • 04

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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

    Aug

  • 04

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  • 09

    Sep

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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03/06/13
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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…

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03/06/13
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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…

03/08/13
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03/06/13
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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…

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03/08/13
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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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