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NIO

NIO Inc.

$3.19

0.37 (13.12%)

, TSLA

Tesla

$234.59

10.09 (4.49%)

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

Notable open interest changes for July 5th

Wednesday's total option volume of 12.0 million contracts resulted in net open interest growth of 1.49 million calls and 1.95 million puts. NIO (NIO), Tesla (TSLA), AT&T (T) and General Electric (GE) saw the greatest growth. Top five new positions opened include 30k NIO (NIO) 7/5 weekly 3 puts, 25k AT&T (T) Sep-19 35 calls, 20k Ford (F) Sep-19 11 calls, 20k General Electric (GE) Sep-19 12 puts and 18k NIO (NIO) Aug-19 5 puts.

NIO

NIO Inc.

$3.19

0.37 (13.12%)

TSLA

Tesla

$234.59

10.09 (4.49%)

T

AT&T

$33.99

0.14 (0.41%)

GE

General Electric

$10.59

-0.03 (-0.28%)

  • 24

    Jul

  • 31

    Jul

NIO NIO Inc.
$3.19

0.37 (13.12%)

04/04/19
04/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Neutral at Guggenheim with analyst Michael Morris saying investors will continue to gain comfort with the incremental financial risk created by Facebook's content and privacy concerns. 2. NIO Inc. (NIO) upgraded to Buy from Neutral at Citi and to Neutral from Underperform at BofA/Merrill. 3. Ingersoll-Rand (IR) upgraded to Buy from Neutral at BofA/Merrill with analyst Andrew Obin citing premium core and earnings growth. 4. EOG Resources (EOG) upgraded to Buy from Hold at Tudor Pickering. 5. Signature Bank (SBNY) upgraded to Overweight from Neutral at JPMorgan with analyst Steven Alexopoulos raising his price target for the shares to $150 from $133. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/29/19
05/29/19
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 Mills (GIS) downgraded to Sell from Neutral at Goldman Sachs with analyst Jason English saying that after a period of outperformance from sequential improvement in the company's core business and the impact of its acquisition of Blue Buffalo, General Mills is entering its next "chapter" of "mounting deceleration." 2. NIO Inc. (NIO) downgraded to Underperform from Neutral at BofA/Merrill with analyst Ming Hsun Lee saying he expects weak orders for the ES8 and ES6 due to EV purchase subsidy cuts, less cash flow from reduced car sales, increased competition from Tesla's (TSLA) Model 3 in 2020, and views valuation as "rich." 3. American Campus (ACC) downgraded to Market Perform from Outperform at JMP Securities with analyst Aaron Hecht saying his firm's checks at UC Berkeley indicate that the 6,000 bed RFP will likely end up being fee-based development, which takes one of his previously expected catalysts off the table. 4. Atlassian (TEAM) downgraded to Neutral from Buy at BTIG with analyst Edward Parker saying after a "great run" of over 100% in the last 12 months, the risk-reward on the stock has turned more "balanced." 5. Ericsson (ERIC) downgraded to Sell from Neutral at New Street. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/29/19
05/29/19
DOWNGRADE
Target $3

Underperform
NIO Inc. downgraded to Underperform on shipment downside at BofA/Merrill
As previously reported, BofA/Merrill downgraded NIO Inc. (NIO) to Underperform from Neutral and cut its price target to $3 from $6.20. Analyst Ming Hsun Lee expects weak orders for the ES8 and ES6 due to EV purchase subsidy cuts, less cash flow from reduced car sales, increased competition from Tesla's (TSLA) Model 3 in 2020, and views valuation as "rich." Lee lowered his volume sales forecast for 2019 by 20% to 27k units and 2020 by 45% to 40k units.
05/28/19
BOFA
05/28/19
DOWNGRADE
BOFA
Underperform
NIO Inc. downgraded to Underperform from Neutral at BofA/Merrill
TSLA Tesla
$234.59

10.09 (4.49%)

07/05/19
WEDB
07/05/19
NO CHANGE
Target $230
WEDB
Neutral
Tesla focus to turn to margins, full-year after Q2 hurdle cleared, says Wedbush
Wedbush analyst Daniel Ives said Tesla cleared a "major hurdle" with its stronger than expected Q2 deliveries and he has received many questions from investors about why shares were not up significantly more on Wednesday given the numbers that he views as "impressive across the board." He continues to think the biggest overhang is Tesla's ability to hit its full-year unit guidance of 360,000-400,000 units, which Ives still views as "an arduous task." Ives also thinks gross margins need to tick up and driving 20%+ gross margins will be another "key" issue. He keeps a Neutral rating and $230 price target on Tesla shares.
07/03/19
RBCM
07/03/19
NO CHANGE
RBCM
Underperform
Tesla may be close to near-term top, says RBC Capital
RBC Capital analyst Joseph Spak keeps his Underperform rating on Tesla, saying the after-market rally in its stock price after its Q2 delivery numbers may be close to marking a near term top. The analyst states that investor focus should now shift to the company's auto gross margins, cash flow, and sustainability of demand. Spak adds that Tesla did not affirm its guidance as it did when the company released its Q1 delivery numbers.
07/03/19
COWN
07/03/19
NO CHANGE
Target $140
COWN
Underperform
Tesla deliveries beat, but questions remain, says Cowen
Cowen analyst Jeffrey Osborne noted Tesla deliveries came in stronger than expected but said he remains concerned about margin pressure due to price cut and mix, as well as second half demand given 2019 guidance was not reiterated and the lack of disclosure on the steady state of demand. Osborne maintained his Underperform rating and $140 price target on Tesla shares.
07/03/19
OPCO
07/03/19
NO CHANGE
OPCO
Outperform
Tesla gross margin, free cash flow could surprise to upside, says Oppenheimer
Oppenheimer analyst Colin Rusch notes that Tesla delivered a record number of vehicles in Q2, while guiding to sequential production and delivery growth in Q3 and implying deliveries ahead of consensus estimates. Given the short thesis focused on anemic demand, the analyst believes this result directly contradicts that thesis, at least for the time being. Q2 production of 87,048 will likely be viewed as in line or a bit soft and leave the company open to criticism that it continues not to reach its targeted 1,000/day production run rate for longer than short bursts, he adds. Rusch turns his focus now to gross and free cash flow for the quarter. Should ASP be strong, which he believes is likely the case due to higher mix of EU shipments, the analyst expects gross margin and free cash flow to surprise to the upside. Rusch has an Outperform rating on the shares.
T AT&T
$33.99

0.14 (0.41%)

05/15/19
JPMS
05/15/19
NO CHANGE
Target $67
JPMS
Neutral
Amdocs price target lowered to $67 from $70 at JPMorgan
JPMorgan analyst Jackson Ader lowered his price target for Amdocs (DOX) to $67 from $70 saying that while the company's fiscal Q2 results were better than expected, the commentary on AT&T (T) is the main takeaway. AT&T revenue is off to a worse start for the first half than the company had expected as the focus on cost cutting and debt reduction within AT&T continues, Ader tells investors in a research note. The analyst does not see "this AT&T headwind going anywhere" and he keeps a Neutral rating on Amdocs.
05/31/19
OPCO
05/31/19
NO CHANGE
OPCO
Outperform
AT&T, Verizon may trade down on Amazon/Boost Mobile news, says Oppenheimer
Following reports that Amazon (AMZN) is interested in buying Boost Mobile from T-Mobile (TMUS) and Sprint (S), Oppenheimer analyst Timothy Horan tells investors in a research note that he believes a deal would be "highly disruptive" to the industry, but would enable the merger approval for the Sprint-T-Mobile deal. The analyst sees Outperform-rated AT&T (T) and Perform-rated Verizon (VZ) trading down on the news, and Sprint trading higher.
05/31/19
JPMS
05/31/19
NO CHANGE
JPMS
Verizon, AT&T selloffs present buying opportunities, says JPMorgan
JPMorgan analyst Philip Cusick believes Amazon.com (AMZN) is unlikely to enter the wireless market via an acquisition of Boost Mobile, as reported last night by Reuters. As a result, he believes the selloffs today in shares of Verizon Communications (VZ) and AT&T (T) present buying opportunities.
06/10/19
JPMS
06/10/19
NO CHANGE
Target $38
JPMS
Overweight
AT&T, Dish satellite video combination would make sense, says JPMorgan
It would make sense for AT&T (T) and Dish (DISH) to combine video operations, nearly two decades after an attempt failed in 2002, JPMorgan analyst Philip Cusick tells investors in a research note after press reports discussed a combination of Dish and DirecTV. The analyst believes the dis-synergies of pulling DirecTV away from AT&T's U-verse "in buying power would be value destructive." The analyst, however, does not think the companies are in discussions today, and he sees both "regulatory and personality issues that would have to be overcome to get to a deal." He reiterates Overweight ratings on AT&T and Dish and notes his price targets of $38 from $40, respectively, reflect no potential deal.
GE General Electric
$10.59

-0.03 (-0.28%)

06/17/19
JPMS
06/17/19
NO CHANGE
JPMS
Underweight
JPMorgan's Tusa calls GE Renewables an 'impaired' business
Despite investor focus on Power, as General Electric's portfolio is taken apart, its Renewables unit is an important $10B of revenues that is largely overlooked or assumed to be set for recovery from losses in the years ahead, as per management guidance calling for improvement in 2021, JPMorgan analyst Stephen Tusa tells investors in a research note. However, Renewables is "another business in this portfolio with evidence of impairment," the analyst contends in a note titled "'Gone With The Wind': Renewables Long Term Outlook Is Impaired." Tusa says his meetings with two of the competing manufacturers support his view that GE's Renewables business will likely struggle to return from losses, with headwinds both on the macro and the micro sides. He keeps an Underweight rating on shares of General Electric.
06/19/19
SBSH
06/19/19
NO CHANGE
SBSH
Buy
General Electric transformation being led by Aviation, says Citi
After hosting meetings with management, Citi analyst Andrew Kaplowitz sees GE Aviation as the continued leader in General Electric's transformation given the unit's "stability and underlying growth." GE Aviation, "while not perfect," does seem to be "operating on all cylinders," Kaplowitz tells investors in a research note. Further, the analyst senses a "new energy" in Aviation and across GE, "especially regarding cash generation" led by CEO Larry Culp. Kaplowitz keeps a Buy rating on shares of General Electric.
06/19/19
JPMS
06/19/19
NO CHANGE
JPMS
Underweight
Tusa finds support in Paris for his 'well below' bull case value of GE Aviation
JPMorgan analyst Stephen Tusa says General Electric's Paris Air Show presentation and other information gleaned from meetings support his view of fundamental value at GE Aviation, which he notes is "well below the standing Bull case." The analyst continues to see a "pattern of numbers that are adjusted several different ways," distorting what he believes GE Aviation would look like on a "true fully loaded public company basis." GE management was optimistic on continued growth in free cash flow at Aviation, putting forth metrics that "appear encouraging," but when "tethered back to a grounded analysis" show a working capital position at less than 5% of sales versus peers at ~30%, according to Tusa. The analyst notes that management did not explain fully why 2018 free cash flow ended at $4.2B versus the initial $2.9B target. He keeps an Underweight rating on shares of General Electric.
06/14/19
JPMS
06/14/19
NO CHANGE
JPMS
Underweight
Tusa puts GE's commercial success in quotes, keeps Underweight rating
In a research note titled "Thoughts On 'Commercial Success,'" with quotes around commercial success, JPMorgan analyst Stephen Tusa keeps an Underweight rating on shares of General Electric. In recent months, "despite general agreement on the need to limit the focus on headlines," market share and big order wins have crept back into the GE narrative, including what appears to be a significant engine order with Indigo, Tusa writes. While admitting orders are important for growth, the analyst points out that GE has "acknowledged chasing deal announcements despite unfavorable price," and has claimed to "no longer promote market share as the main goal." As a result, recent developments "raise questions around how much change has actually occurred," according to Tusa.

TODAY'S FREE FLY STORIES

GDDY

GoDaddy

$73.63

0.58 (0.79%)

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NUS

Nu Skin

$45.50

1.44 (3.27%)

17:05
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Breaking Hot Stocks news story on Nu Skin »

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NUS

Nu Skin

$45.50

1.44 (3.27%)

17:05
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07/16
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Earnings
Nu Skin cuts FY19 EPS view to $3.20-$3.35 from $3.80-$4.05, consensus $3.95 »

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NUS

Nu Skin

$45.50

1.44 (3.27%)

17:03
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17:03
Earnings
Nu Skin cuts Q2 EPS view to 82c-84c from 91c-98c, consensus 94c »

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TCEHY

Tencent

$0.00

(0.00%)

, ATVI

Activision Blizzard

$46.98

-0.67 (-1.41%)

16:58
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07/16
16:58
07/16/19
16:58
Periodicals
Drake's esports team raises $35M, NY Post says »

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TCEHY

Tencent

$0.00

(0.00%)

ATVI

Activision Blizzard

$46.98

-0.67 (-1.41%)

NTES

NetEase

$259.36

3.01 (1.17%)

EA

Electronic Arts

$89.57

-2.65 (-2.87%)

NVDA

Nvidia

$167.06

-0.18 (-0.11%)

AMD

AMD

$33.82

-0.57 (-1.66%)

MSFT

Microsoft

$137.08

-1.86 (-1.34%)

NTDOY

Nintendo

$0.00

(0.00%)

TTWO

Take-Two

$117.49

0.47 (0.40%)

03/08/13
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    Nov

CSII

Cardiovascular Systems

$44.00

-1.9 (-4.14%)

16:57
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07/16
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16:57
Downgrade
Cardiovascular Systems rating change  »

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UAL

United Continental

$94.00

2.7 (2.96%)

16:54
07/16/19
07/16
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16:54
Hot Stocks
Breaking Hot Stocks news story on United Continental »

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  • 17

    Jul

UAL

United Continental

$94.00

2.7 (2.96%)

16:53
07/16/19
07/16
16:53
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16:53
Hot Stocks
United Continental sees Q3 total mainline aircraft of 804 »

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  • 17

    Jul

UAL

United Continental

$94.00

2.7 (2.96%)

16:50
07/16/19
07/16
16:50
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16:50
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United Continental sees FY19 consolidated capacity growth 3%-4% y/y »

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  • 17

    Jul

FARO

Faro Technologies

$46.95

-1.27 (-2.63%)

16:47
07/16/19
07/16
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FARO names Allen Muhich CFO »

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HWC

Hancock Whitney

$38.70

0.28 (0.73%)

16:47
07/16/19
07/16
16:47
07/16/19
16:47
Earnings
Hancock Whitney reports Q2 EPS $1.01, consensus $1.00 »

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  • 17

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    Sep

UAL

United Continental

$94.00

2.7 (2.96%)

16:44
07/16/19
07/16
16:44
07/16/19
16:44
Hot Stocks
United Continental sees Q3 capacity growth 2%-3% y/y »

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  • 17

    Jul

16:39
07/16/19
07/16
16:39
07/16/19
16:39
General news
API crude inventories for week of July 12 »

API reports that crude…

HOPE

Hope Bancorp

$13.96

0.2 (1.45%)

16:37
07/16/19
07/16
16:37
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16:37
Earnings
Hope Bancorp reports Q2 EPS 34c, consensus 34c »

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  • 17

    Jul

INO

Inovio

$3.00

0.05 (1.69%)

16:35
07/16/19
07/16
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16:35
Hot Stocks
Breaking Hot Stocks news story on Inovio 

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IMRN

Immuron

$4.27

1.43 (50.35%)

16:32
07/16/19
07/16
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16:32
Syndicate
Immuron files to sell American Depositary Shares, no amount given »

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JPM

JPMorgan

$115.10

1.23 (1.08%)

, GS

Goldman Sachs

$215.57

4.02 (1.90%)

16:32
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On The Fly
Fly Intel: Wall Street's top stories for Tuesday »

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JPM

JPMorgan

$115.10

1.23 (1.08%)

GS

Goldman Sachs

$215.57

4.02 (1.90%)

JNJ

Johnson & Johnson

$132.46

-2.21 (-1.64%)

WFC

Wells Fargo

$45.30

-1.4 (-3.00%)

ARW

Arrow Electronics

$67.67

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TSLA

Tesla

$252.38

-1.03 (-0.41%)

APRN

Blue Apron

$10.33

2.68 (35.03%)

BYND

Beyond Meat

$172.50

5.9 (3.54%)

JBHT

J.B. Hunt

$97.76

5.26 (5.69%)

QTT

Qutoutiao

$4.31

-0.22 (-4.86%)

DPZ

Domino's Pizza

$246.55

-23.42 (-8.68%)

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  • 16

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    Aug

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    Oct

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    Nov

PBYI

Puma Biotechnology

$10.78

-0.42 (-3.75%)

16:32
07/16/19
07/16
16:32
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16:32
Hot Stocks
Knight says Health Canada approves NERLYNX for early-stage breast cancer »

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FULT

Fulton Financial

$16.31

0.11 (0.68%)

16:31
07/16/19
07/16
16:31
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16:31
Earnings
Fulton Financial reports Q2 EPS 35c, consensus 34c »

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  • 17

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    Sep

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WAIR

Wesco Aircraft

$10.84

0.085 (0.79%)

16:30
07/16/19
07/16
16:30
07/16/19
16:30
Hot Stocks
Wesco Aircraft expans business with GKN Aerospace »

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16:30
07/16/19
07/16
16:30
07/16/19
16:30
Options
Preliminary option volume of 17.5M today »

Preliminary option volume…

UBNK

United Financial

$14.07

0.05 (0.36%)

16:27
07/16/19
07/16
16:27
07/16/19
16:27
Earnings
United Financial reports Q2 EPS (6c), consensus 24c »

Reports Q2 revenue…

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  • 17

    Jul

ERYP

Erytech Pharma

$6.69

(0.00%)

16:24
07/16/19
07/16
16:24
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16:24
Syndicate
Erytech Pharma files to sell $100M of ADSs »

Representing ordinary…

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CSX

CSX

$79.57

1.05 (1.34%)

16:23
07/16/19
07/16
16:23
07/16/19
16:23
Earnings
CSX sees FY19 revenue down 1%-2% vs. prior view of growth »

CSX sees FY19 revenue…

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  • 16

    Jul

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    Aug

  • 13

    Nov

INAP

Internap

$3.56

0.13 (3.79%)

16:22
07/16/19
07/16
16:22
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16:22
Hot Stocks
Internap to streamline organization, initiates search for new CFO »

Internap announced that…

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