Breaking News Instant updates and real-time market news.

BIG

Big Lots

$27.57

1.56 (6.00%)

07:24
06/03/19
06/03
07:24
06/03/19
07:24

Big Lots estimates for Q2, FY raised at Raymond James

Raymond James analyst Dan Wewer reiterated an Outperform rating and $40 price target on Big Lots following the company's quarterly earnings report. In a research note to investors, Wewer says Big Lots is pursuing a number of promising initiatives that are beginning to benefit the company's top-line growth, but believes rising expenses tied to these initiatives will pressure EBIT and EPS for a second consecutive year. He raised his Q2 EPS forecast to 39c from 37c, in line with management's guidance, and raised his FY19 EPS outlook to $3.84 from $3.75, at the high end of management's revised guidance.

BIG Big Lots
$27.57

1.56 (6.00%)

03/19/19
03/19/19
NO CHANGE
Target $44

Overweight
Piper calls Big Lots 'intriguing value/GARP idea' for 2019
After meeting with management, Piper Jaffray analyst Peter Keith highlights Big Lots as an "intriguing value/GARP idea" for 2019. A value idea must be cheap but also have some interesting developments, and Big Lots has several, Keith tells investors in a research note. Some of these, according to the analyst, are remodel benefits building to a 1.5%-2% comp lift, good visibility on gross margin expansion, a $100M cost take-out initiative, and new merchandising initiatives. Keith sees a "healthy" risk/reward on Big Lots shares and reiterates an Overweight rating on the name with a $44 price target.
05/24/19
PIPR
05/24/19
DOWNGRADE
Target $31
PIPR
Neutral
Big Lots downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Peter Keith downgraded Big Lots to Neutral from Overweight and lowered his price target for the shares to $31 from $44. The analyst says the downgrade is based on risk to first half of 2019 estimates as well as ongoing tariff concerns. The analyst believes Big Lots' Q1 was "in-line at best" and that Q2 "appears to have stepped up markdown activity." On tariffs, Big Lots imports 21% of sales from China with a majority now getting tariffed at 25%, Keith tells investors in a research note.
05/24/19
05/24/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Avon Products (AVP) downgraded to Neutral from Buy at DA Davidson. 2. SQM (SQM) downgraded to Market Perform from Outperform at BMO Capital with analyst Joel Jackson saying a lithium rebound or a bottoming in sentiment may take longer and that the company's earnings trajectory no longer warrants a bullish outlook. 3. Lennox (LII) downgraded to Sell from Neutral at UBS with analyst Damian Karas saying the company is trading at a "peak multiple on peak growth." 4. Weibo (WB) downgraded to Reduce from Hold at HSBC. 5. Big Lots (BIG) downgraded to Neutral from Overweight at Piper Jaffray with analyst Peter Keith saying the downgrade is based on risk to first half of 2019 estimates as well as ongoing tariff concerns. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/03/19
BOFA
06/03/19
DOWNGRADE
Target $23
BOFA
Underperform
Big Lots downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst Jason Haas double downgraded Big Lots to Underperform from Buy and cut his price target for the shares to $23 from $45. The company's outlook for the rest of the year may be too optimistic and could be cut further, Haas tells investors in a research note. The analyst believes shares of Big Lots "will continue to struggle" until consistent improvement in earnings growth is demonstrated.

TODAY'S FREE FLY STORIES

WORK

Slack Technologies

$22.90

-1.84 (-7.44%)

10:15
10/16/19
10/16
10:15
10/16/19
10:15
Options
Slack put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

10:15
10/16/19
10/16
10:15
10/16/19
10:15
General news
U.S. NAHB housing market index jumped 3 points to 71 in October »

U.S. NAHB housing market…

10:15
10/16/19
10/16
10:15
10/16/19
10:15
General news
U.S. business inventories were unchanged in August, with sales up 0.2% »

U.S. business inventories…

MKGAF

Merck KGaA

$0.00

(0.00%)

10:13
10/16/19
10/16
10:13
10/16/19
10:13
Conference/Events
Merck KGaA participates in a conference call with JPMorgan »

European Pharmaceuticals…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

10:10
10/16/19
10/16
10:10
10/16/19
10:10
General news
FX Action: The dollar »

FX Action: The dollar was…

10:07
10/16/19
10/16
10:07
10/16/19
10:07
General news
Atlanta Fed Business Inflation Expectations Bus Infl Exp % Yr/Yr data reported »

October Atlanta Fed…

APLS

Apellis

$28.15

1.71 (6.47%)

10:06
10/16/19
10/16
10:06
10/16/19
10:06
Conference/Events
Apellis participates in a conference call with JPMorgan »

SMid Biotechnology…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Oct

AEP

American Electric

$91.59

-0.14 (-0.15%)

10:06
10/16/19
10/16
10:06
10/16/19
10:06
Hot Stocks
American Electric names Julius Cox SVP, chief human resources officer »

American Electric Power…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Oct

  • 10

    Nov

  • 12

    Nov

AEO

American Eagle

$15.07

0.115 (0.77%)

10:05
10/16/19
10/16
10:05
10/16/19
10:05
Hot Stocks
American Eagle to hire roughly 10,000 part-time seasonal brand ambassadors »

American Eagle Outfitters…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

10:02
10/16/19
10/16
10:02
10/16/19
10:02
General news
Business Inventories data reported »

August Business…

10:02
10/16/19
10/16
10:02
10/16/19
10:02
General news
Housing Market Index data reported »

October Housing Market…

VRRM

Verra Mobility

$13.89

-0.14 (-1.00%)

10:01
10/16/19
10/16
10:01
10/16/19
10:01
Hot Stocks
Verra Mobility to acquire Pagatelia, terms not disclosed »

Verra Mobility announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Nov

  • 07

    Nov

  • 13

    Nov

  • 14

    Nov

TIGR

UP Fintech

$3.90

-0.16 (-3.94%)

10:00
10/16/19
10/16
10:00
10/16/19
10:00
Periodicals
UP Fintech accused by GeoInvesting of 'illegal money laundering scheme' »

GeoInvesting has…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MERC

Mercer

$11.20

0.03 (0.27%)

10:00
10/16/19
10/16
10:00
10/16/19
10:00
Conference/Events
Mercer participates in a conference call with JPMorgan »

LatAm Pulp & Paper…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AYX

Alteryx

$104.75

-7.58 (-6.75%)

10:00
10/16/19
10/16
10:00
10/16/19
10:00
Hot Stocks
Alteryx falls -6.8% »

Alteryx is down -6.8%, or…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Oct

  • 06

    Nov

CPS

Cooper-Standard

$33.60

-2.77 (-7.62%)

10:00
10/16/19
10/16
10:00
10/16/19
10:00
Hot Stocks
Cooper-Standard falls -7.7% »

Cooper-Standard is down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AVD

American Vanguard

$13.50

-1.76 (-11.53%)

10:00
10/16/19
10/16
10:00
10/16/19
10:00
Hot Stocks
American Vanguard falls -12.2% »

American Vanguard is down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Nov

  • 19

    Nov

  • 20

    Nov

OMI

Owens & Minor

$6.85

0.42 (6.53%)

10:00
10/16/19
10/16
10:00
10/16/19
10:00
Hot Stocks
Owens & Minor rises 6.2% »

Owens & Minor is up…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TEVA

Teva

$7.41

0.45 (6.47%)

10:00
10/16/19
10/16
10:00
10/16/19
10:00
Hot Stocks
Teva rises 6.3% »

Teva is up 6.3%, or 44c…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Nov

MS

Morgan Stanley

$42.85

0.31 (0.73%)

10:00
10/16/19
10/16
10:00
10/16/19
10:00
Options
Size opening call buy in Morgan Stanley ahead of earnings »

Size opening call buy in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 17

    Oct

  • 10

    Nov

  • 12

    Nov

DFIN

Donnelley Financial Solutions

$11.25

0.71 (6.74%)

10:00
10/16/19
10/16
10:00
10/16/19
10:00
Hot Stocks
Donnelley Financial Solutions rises 6.7% »

Donnelley Financial…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MCK

McKesson

$145.74

7.57 (5.48%)

, ABC

AmerisourceBergen

$86.20

3.02 (3.63%)

09:55
10/16/19
10/16
09:55
10/16/19
09:55
Options
Early notable gainers among liquid option names on October 16th »

Notable gainers among…

MCK

McKesson

$145.74

7.57 (5.48%)

ABC

AmerisourceBergen

$86.20

3.02 (3.63%)

CAH

Cardinal Health

$49.72

1.79 (3.73%)

DO

Diamond Offshore

$5.62

0.13 (2.37%)

EQT

EQT Corporation

$9.89

0.25 (2.59%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 23

    Oct

  • 28

    Oct

  • 30

    Oct

  • 31

    Oct

  • 06

    Nov

  • 07

    Nov

  • 07

    Nov

GOOG

Alphabet

$1,247.70

4.17 (0.34%)

09:55
10/16/19
10/16
09:55
10/16/19
09:55
Conference/Events
House Energy & Commerce Committee to hold a hearing »

The Subcommittee on…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 18

    Oct

  • 27

    Oct

  • 28

    Oct

  • 29

    Oct

09:55
10/16/19
10/16
09:55
10/16/19
09:55
Conference/Events
House Transportation & Intrastructure Committee to hold a hearing »

The Subcommittee on…

09:55
10/16/19
10/16
09:55
10/16/19
09:55
Conference/Events
House Financial Services Committee to hold a hearing »

The Committee holds a…

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.