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GE

General Electric

$10.31

0.435 (4.41%)

14:50
05/14/19
05/14
14:50
05/14/19
14:50

Ten-day hedge opened in GE as shares recover losses

Ten-day hedge opened in GE as shares recover losses. The stock up 4.5% to $10.32 after a one-week 5.4% skid and 24K May 24th 10 puts bought for 15c per contract. Nearly 30K trade against 4.5K open interest and the defensive activity opens positions struck 3% below spot, expiring at the end of next week. The company presents at Goldman Sachs Industrials and Materials conference tomorrow and an Electrical Products Group event on 5/22. Next earnings due mid-July.

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GE General Electric
$10.31

0.435 (4.41%)

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
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."
05/01/19
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.
05/03/19
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.

TODAY'S FREE FLY STORIES

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OXY

Occidental Petroleum

$53.49

0.74 (1.40%)

21:25
05/20/19
05/20
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21:25
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  • 29

    May

TIGR

UP Fintech

$5.63

-0.14 (-2.43%)

20:41
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05/20
20:41
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20:41
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TJX

TJX

$52.95

-0.08 (-0.15%)

, HD

Home Depot

$190.87

-1.66 (-0.86%)

20:25
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05/20
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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TJX

TJX

$52.95

-0.08 (-0.15%)

HD

Home Depot

$190.87

-1.66 (-0.86%)

AZO

AutoZone

$978.78

-5.21 (-0.53%)

KSS

Kohl's

$62.95

-0.68 (-1.07%)

EV

Eaton Vance

$37.27

-0.535 (-1.42%)

JCP

J.C. Penney

$1.15

0.01 (0.88%)

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JCOM

j2 Global

$86.48

-0.23 (-0.27%)

20:22
05/20/19
05/20
20:22
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20:22
Hot Stocks
j2 Global CFO sells 10K shares of common stock »

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  • 22

    May

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ATTO

Atento

$3.24

-0.14 (-4.14%)

19:58
05/20/19
05/20
19:58
05/20/19
19:58
Earnings
Atento sees FY19 revenue flat to up single digits »

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  • 21

    May

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    May

ATTO

Atento

$3.24

-0.14 (-4.14%)

19:57
05/20/19
05/20
19:57
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19:57
Earnings
Atento reports Q1 recurring EPS (6c), consensus 10c »

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  • 21

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ITCB

Itau Corpbanca

$12.95

(0.00%)

19:38
05/20/19
05/20
19:38
05/20/19
19:38
Hot Stocks
Itau Corpbanca dissolves subsidiary Corplegal »

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OCUL

Ocular Therapeutix

$3.36

-0.1 (-2.89%)

19:36
05/20/19
05/20
19:36
05/20/19
19:36
Recommendations
Ocular Therapeutix analyst commentary at Piper Jaffray »

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  • 11

    Jun

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YGYI

Youngevity

$6.57

0.13 (2.02%)

, QFIN

360 Finance

$16.46

0.71 (4.51%)

18:55
05/20/19
05/20
18:55
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18:55
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: …

YGYI

Youngevity

$6.57

0.13 (2.02%)

QFIN

360 Finance

$16.46

0.71 (4.51%)

ARWR

Arrowhead

$18.94

-0.52 (-2.67%)

TRIP

TripAdvisor

$44.93

-0.07 (-0.16%)

ASNA

Ascena Retail

$1.13

-0.125 (-9.96%)

KR

Kroger

$24.04

-0.18 (-0.74%)

SNAP

Snap

$11.19

-0.3 (-2.61%)

NDSN

Nordson

$130.42

-4.8 (-3.55%)

OCUL

Ocular Therapeutix

$3.36

-0.1 (-2.89%)

SWI

SolarWinds

$19.16

0.04 (0.21%)

MRCY

Mercury Systems

$72.85

-0.11 (-0.15%)

VNE

Veoneer

$18.89

0.02 (0.11%)

GH

Guardant Health

$78.29

2.13 (2.80%)

CVNA

Carvana

$67.17

-0.935 (-1.37%)

INSM

Insmed

$28.08

-1.08 (-3.70%)

VAR

Varian Medical

$130.48

-0.26 (-0.20%)

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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TOL

Toll Brothers

$37.52

-0.88 (-2.29%)

18:47
05/20/19
05/20
18:47
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18:47
Hot Stocks
Toll Brothers acquires Sharp Residential, terms not disclosed »

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  • 22

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18:45
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General news
Breaking General news story  »

Federal Reserve Chairman…

TTWO

Take-Two

$102.94

-3.82 (-3.58%)

18:44
05/20/19
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18:44
Hot Stocks
Take-Two CEO: Our job is to excite customers »

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AAL

American Airlines

$30.96

-0.8 (-2.52%)

18:40
05/20/19
05/20
18:40
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18:40
Periodicals
American Air asks court to halt alleged mechanics unions' slowdown, Reuters says »

American Airlines has…

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  • 21

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LWAY

Lifeway Foods

$2.75

0.05 (1.85%)

18:38
05/20/19
05/20
18:38
05/20/19
18:38
Earnings
Lifeway Foods reports Q1 EPS (2c) vs. 0c last year »

Reports Q1 revenue…

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  • 20

    Jun

WHLR

Wheeler REIT

$2.25

0.025 (1.13%)

18:31
05/20/19
05/20
18:31
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18:31
Hot Stocks
Wheeler REIT chairman John Sweet to resign »

Wheeler Real Estate…

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WMT

Walmart

$101.54

0.66 (0.65%)

, TGT

Target

$72.10

1.22 (1.72%)

18:03
05/20/19
05/20
18:03
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18:03
Periodicals
Judge says Walmart, Target, Bed Bath must face suits over cotton, Reuters says »

U.S. District Judge…

WMT

Walmart

$101.54

0.66 (0.65%)

TGT

Target

$72.10

1.22 (1.72%)

BBBY

Bed Bath & Beyond

$14.48

-0.525 (-3.50%)

03/08/13
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QFIN

360 Finance

$16.46

0.71 (4.51%)

18:02
05/20/19
05/20
18:02
05/20/19
18:02
Earnings
360 Finance reports Q1 net income $117.5M, up 382% from last year »

Reports Q1 revenue…

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  • 21

    May

MRK

Merck

$78.86

0.15 (0.19%)

18:02
05/20/19
05/20
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18:02
Hot Stocks
Merck falls after Keytruda trial does not meet OS primary endpoint »

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PRIM

Primoris

$20.26

-0.08 (-0.39%)

17:55
05/20/19
05/20
17:55
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17:55
Hot Stocks
Primoris director sells 99.8K shares of common stock »

In a regulatory filing,…

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BK

BNY Mellon

$45.97

-0.11 (-0.24%)

, LM

Legg Mason

$35.68

0.295 (0.83%)

17:44
05/20/19
05/20
17:44
05/20/19
17:44
Hot Stocks
BNY Mellon announces Ed Garden to step down from board of directors »

BNY Mellon (BK) announced…

BK

BNY Mellon

$45.97

-0.11 (-0.24%)

LM

Legg Mason

$35.68

0.295 (0.83%)

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  • 17

    Jul

DHR

Danaher

$130.33

-0.81 (-0.62%)

17:44
05/20/19
05/20
17:44
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17:44
Hot Stocks
VP of Danaher Angela Lalor sells over $408K in company shares »

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  • 29

    May

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    Nov

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.95

-2.03 (-0.71%)

17:43
05/20/19
05/20
17:43
05/20/19
17:43
Periodicals
Judge dismisses Trump request to block accounting subpoena, WSJ says »

U.S. District Judge Amit…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.95

-2.03 (-0.71%)

03/08/13
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LM

Legg Mason

$35.68

0.295 (0.83%)

17:40
05/20/19
05/20
17:40
05/20/19
17:40
Hot Stocks
Legg Mason names Nelson Peltz, Ed Garden to board of directors »

Legg Mason announced that…

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