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PSX

Phillips 66

$83.59

-1.13 (-1.33%)

14:35
06/12/19
06/12
14:35
06/12/19
14:35

Phillips 66 put volume heavy and directionally bearish

Bearish flow noted in Phillips 66 with 1,124 puts trading, or 1.4x expected. Most active are Sep-19 77.5 puts and Jul-19 85 calls, with total volume in those strikes near 670 contracts. The Put/Call Ratio is 2.15, while ATM IV is up over 1 point on the day. Earnings are expected on July 26th.

  • 12

    Jun

PSX Phillips 66
$83.59

-1.13 (-1.33%)

04/15/19
JEFF
04/15/19
DOWNGRADE
JEFF
Hold
Jefferies downgrades both EnLink Midstream, Phillips 66 to Hold from Buy
Jefferies analyst Christopher Sighinolfi downgraded both EnLink Midstream (ENLC) and Phillips 66 (PSX) to Hold from Buy. With a sharp year-to-date rally in midstream equity prices, stock selection is increasingly important, Sighinolfi tells investors in a research note. Despite an over 35% rise in crude prices year-to-date, U.S. energy fundamentals "remained muted" in Q1 as commodity prices declined, basis spreads further contracted and U.S. producers scaled back capital investment plans, says the analyst. He cites valuation for the two downgrades.
04/29/19
BOFA
04/29/19
UPGRADE
BOFA
Buy
Phillips 66 upgraded to Buy from Neutral at BofA/Merrill
04/29/19
BOFA
04/29/19
UPGRADE
BOFA
Buy
BofA less worried on U.S. independent refiners, upgrades Phillips 66, two others
BofA Merrill Lynch analyst Doug Leggate said he believes the worst has passed for the U.S. independent refiners and that he now has a less cautious sector view, upgrading HollyFrontier (HFC) and PBF Energy (PBF) to Neutral and raising his rating on Phillips 66 (PSX) to Buy, stating that he sees all the stocks trading below mid-cycle valuations. He noted that his top rated ideas in the group remain Marathon Petrol (MPC) and Valero (VLO).
06/06/19
GSCO
06/06/19
UPGRADE
Target $92
GSCO
Buy
Valero upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Neil Mehta upgraded Valero Energy (VLO) to Buy from Neutral while lowering his price target for the shares to $92 from $96. U.S. refiners have pulled back 10% in the last month amid concerns about global oil demand, weak economic data points, softening refining margins and continued product builds, Mehta tells investors in a research note. The analyst, however, sees "bifurcation in the refining complex." He believes investors have an opportunity to own "quality," free cash flow generative companies and recommends buying Phillips 66 (PSX), Marathon Petroleum (MPC), Par Pacific (PARR) and now Valero. Mehta sees "underappreciated value" in Valero's renewable diesel segment given the focus on emissions reductions globally.

TODAY'S FREE FLY STORIES

MTRN

Materion

$67.06

-0.54 (-0.80%)

07:14
06/24/19
06/24
07:14
06/24/19
07:14
Conference/Events
Materion management to meet with KeyBanc »

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CGC

Canopy Growth

$40.20

-3.495 (-8.00%)

07:13
06/24/19
06/24
07:13
06/24/19
07:13
Hot Stocks
Canopy Growth adds substantial production capacity in Canada »

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MPLX

MPLX

$32.46

0.58 (1.82%)

07:12
06/24/19
06/24
07:12
06/24/19
07:12
Conference/Events
MPLX management to meet with UBS »

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  • 26

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MDR

McDermott

$8.35

0.14 (1.71%)

07:12
06/24/19
06/24
07:12
06/24/19
07:12
Hot Stocks
McDermott awarded large offshore EPCI contract from Saudi Aramco »

McDermott announced a…

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AXTA

Axalta Coating

$29.98

0.2 (0.67%)

07:10
06/24/19
06/24
07:10
06/24/19
07:10
Hot Stocks
Axalta Coating announces Chairman Charlie Shaver resigns, Mark Garrett succeeds »

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CORV

Correvio

$2.27

-0.13 (-5.42%)

07:09
06/24/19
06/24
07:09
06/24/19
07:09
Hot Stocks
Correvio resubmits Brinavess NDA to FDA »

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BMY

Bristol-Myers

$49.36

0.46 (0.94%)

07:07
06/24/19
06/24
07:07
06/24/19
07:07
Hot Stocks
Bristol-Myers: CheckMate -459 study did not reach pre-specified primary endpoint »

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BMY

Bristol-Myers

$49.36

0.46 (0.94%)

, CELG

Celgene

$98.92

0.75 (0.76%)

07:05
06/24/19
06/24
07:05
06/24/19
07:05
Hot Stocks
Bristol-Myers plans Otezla sale to get FTC Celgene clearance »

Bristol-Myers Squibb…

BMY

Bristol-Myers

$49.36

0.46 (0.94%)

CELG

Celgene

$98.92

0.75 (0.76%)

03/08/13
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    Apr

BMY

Bristol-Myers

$49.36

0.46 (0.94%)

, CELG

Celgene

$98.92

0.75 (0.76%)

07:03
06/24/19
06/24
07:03
06/24/19
07:03
Hot Stocks
Breaking Hot Stocks news story on Bristol-Myers, Celgene »

Bristol-Myers plans…

BMY

Bristol-Myers

$49.36

0.46 (0.94%)

CELG

Celgene

$98.92

0.75 (0.76%)

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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  • 27

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    Dec

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    Mar

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    Apr

ATNX

Athenex

$17.95

-0.06 (-0.33%)

07:02
06/24/19
06/24
07:02
06/24/19
07:02
Hot Stocks
Athenex announces FDA allowance of IND application for PT01 »

Athenex announced that…

03/08/13
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VSLR

Vivint Solar

$7.27

-0.15 (-2.02%)

07:00
06/24/19
06/24
07:00
06/24/19
07:00
Hot Stocks
Vivint Solar closes $100M in financing to install over 55 megawatts of systems »

Vivint Solar announced it…

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  • 27

    Jun

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    Aug

TWNK

Hostess Brands

$13.89

0.065 (0.47%)

06:59
06/24/19
06/24
06:59
06/24/19
06:59
Upgrade
Hostess Brands rating change  »

Hostess Brands upgraded…

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LDOS

Leidos

$78.85

-0.79 (-0.99%)

06:57
06/24/19
06/24
06:57
06/24/19
06:57
Hot Stocks
Leidos awarded $49M HHS artificial intelligence contract »

Leidos has been selected…

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LFUS

Littelfuse

$177.05

-3.11 (-1.73%)

06:56
06/24/19
06/24
06:56
06/24/19
06:56
Conference/Events
Littelfuse management to meet with Oppenheimer »

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  • 26

    Jun

SOL

ReneSola

$1.28

(0.00%)

06:54
06/24/19
06/24
06:54
06/24/19
06:54
Hot Stocks
ReneSola, X-Elio North America to develop solar projects in North America »

ReneSola announced that…

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  • 27

    Jun

ASIX

AdvanSix

$25.55

-0.8 (-3.04%)

06:51
06/24/19
06/24
06:51
06/24/19
06:51
Hot Stocks
AdvanSix sees $7M-$12M unfavorable impact in Q3 due to PES refinery fire »

AdvanSix said that the…

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GOOG

Alphabet

$1,122.38

9.8 (0.88%)

, GOOGL

Alphabet Class A

$1,125.17

10.03 (0.90%)

06:51
06/24/19
06/24
06:51
06/24/19
06:51
Periodicals
Google's competitors ready to aid in Justice Department probe, WSJ reports »

Google's (GOOGL)…

GOOG

Alphabet

$1,122.38

9.8 (0.88%)

GOOGL

Alphabet Class A

$1,125.17

10.03 (0.90%)

NWSA

News Corp.

$13.52

-0.05 (-0.37%)

NWS

News Corp

$13.91

-0.03 (-0.22%)

ORCL

Oracle

$56.12

-0.9 (-1.58%)

TRIP

TripAdvisor

$47.28

0.56 (1.20%)

YELP

Yelp

$32.82

-0.375 (-1.13%)

03/08/13
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  • 27

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    Oct

IP

International Paper

$43.62

0.055 (0.13%)

, WRK

WestRock

$36.72

0.21 (0.58%)

06:49
06/24/19
06/24
06:49
06/24/19
06:49
Downgrade
International Paper, WestRock rating change  »

International Paper…

IP

International Paper

$43.62

0.055 (0.13%)

WRK

WestRock

$36.72

0.21 (0.58%)

03/08/13
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  • 01

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  • 05

    Sep

KGC

Kinross Gold

$3.80

-0.02 (-0.52%)

06:43
06/24/19
06/24
06:43
06/24/19
06:43
Conference/Events
Kinross Gold management to meet with TD Securities »

Meetings to be held in…

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  • 26

    Jun

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  • 01

    Aug

ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

, CZR

Caesars

$9.99

-0.05 (-0.50%)

06:42
06/24/19
06/24
06:42
06/24/19
06:42
Hot Stocks
Eldorado Resorts sees $500M of synergies following Caesars acquisition »

Eldorado (ERI) management…

ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

CZR

Caesars

$9.99

-0.05 (-0.50%)

03/08/13
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  • 24

    Jun

KEM

Kemet

$18.07

-0.06 (-0.33%)

06:39
06/24/19
06/24
06:39
06/24/19
06:39
Conference/Events
Kemet management to meet with SunTrust »

Meetings to be held in…

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03/06/13
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  • 26

    Jun

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    Sep

IIPR

Innovative Industrial Properties

$117.57

-17.13 (-12.72%)

06:37
06/24/19
06/24
06:37
06/24/19
06:37
Conference/Events
Innovative Industrial Properties management to meet with BTIG »

Meetings to be held in…

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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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  • 26

    Jun

  • 27

    Jun

CZR

Caesars

$9.99

-0.05 (-0.50%)

, ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

06:35
06/24/19
06/24
06:35
06/24/19
06:35
Hot Stocks
Breaking Hot Stocks news story on Caesars, Eldorado Resorts »

Caesars up 16% to $11.60…

CZR

Caesars

$9.99

-0.05 (-0.50%)

ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

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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  • 24

    Jun

DNKN

Dunkin' Brands

$79.54

-0.4 (-0.50%)

06:33
06/24/19
06/24
06:33
06/24/19
06:33
Upgrade
Dunkin' Brands rating change  »

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  • 09

    Jul

VICI

VICI Properties

$22.80

-0.24 (-1.04%)

06:32
06/24/19
06/24
06:32
06/24/19
06:32
Syndicate
VICI Properties files to sell 90M shares of common stock »

BofA Merrill Lynch,…

03/08/13
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03/06/13
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03/06/13
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