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ANTM

Anthem

$284.52

-0.08 (-0.03%)

, AAPL

Apple

$200.99

1 (0.50%)

15:56
07/09/19
07/09
15:56
07/09/19
15:56

Anthem hires several Apple employees to help modernize insurer, CNBC reports

Anthem (ANTM) has hired half of a dozen current or former Apple (AAPL) employees in recent months, CNBC's Christina Farr reports, citing LinkedIn searches and people familiar with the matter. Anthem expects their expertise in user-friendly design can help improve the experience for consumers, the author writes. Reference Link

ANTM

Anthem

$284.52

-0.08 (-0.03%)

AAPL

Apple

$200.99

1 (0.50%)

  • 24

    Jul

  • 30

    Jul

ANTM Anthem
$284.52

-0.08 (-0.03%)

05/10/19
05/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. 3D Systems (DDD) upgraded to Neutral from Underweight at JPMorgan with analyst Paul Coster noting the stock is down 25% this week after posting "lackluster" Q1 results. 2. Jones Lang LaSalle (JLL) upgraded to Buy from Neutral at Goldman Sachs with analyst Andrew Rosivach saying the company's earnings declined in Q1 due to tough comps, but this should reverse quickly. 3. Ford (F) upgraded to Buy from Neutral at BofA/Merrill with analyst John Murphy stating the company's earnings are starting to hit a "sustainable inflection" due to favorable product cadence in the North America market and its restructuring efforts. 4. Whirlpool (WHR) upgraded to Buy from Neutral at Longbow with analyst David MacGregor seeing earnings upside from better than expected North American margin performance, a "gradually improving" environment in the EMEA and a favorable cyclical turn in Latin America. 5. Anthem (ANTM), Centene (CNC), and UnitedHealth (UNH) upgraded to Buy from Neutral at Citi with analyst Ralph Giacobbe the magnitude of the selloff in managed care stocks on fears of Medicare for All has been "extreme and overdone". This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/16/19
COWN
05/16/19
NO CHANGE
COWN
Move lower in managed care stocks appears overdone, says Cowen
Cowen analyst Charles Rhyee lowered his target multiple for the managed care group slightly from recent historical levels, but said he believes the recent weakness in the space on concerns around "Medicare for All," the rebate rule and the Texas ACA decision appears overdone. The discount for managed care stocks relative to the broader market has risen to a multi-year high, but he argues that underlying market fundamentals are stronger than in the pre-ACA era and Rhyee contends that there is "still plenty of growth left" in the managed care space, particularly in government-sponsored business. Stocks in the group include Anthem (ANTM), Cigna (CI), Centene (CNC), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG).
06/20/19
JEFF
06/20/19
NO CHANGE
JEFF
Amazon's PillPack looking to bypass PBMs, says Jefferies
Jefferies analyst Brian Tanquilut says his review of documents related to a case filed by CVS Health (CVS), which seeks to prevent a former CVS executive from joining PillPack, shows that Amazon.com (AMZN) is seeking to develop a service offering that would bypass pharmacy benefit managers and contract directly with payors. While it is difficult to predict the success of PillPack's efforts to bypass existing prescription payment structures, the court disclosure is a potential negative for PBMs like CVS Health, UnitedHealth (UNH), Anthem (ANTM) and Cigna (CI), Tanquilut tells investors in a research note.
06/25/19
SBSH
06/25/19
NO CHANGE
SBSH
Molina, Centene have most at stake from Texas Medicaid awards, says Citi
Citi analyst Ralph Giacobbe noted that Texas' "highly anticipated" STAR+PLUS contract for the states' higher acuity Medicaid members is expected to be awarded this Friday, June 28. Among the incumbents in the state, Molina (MOH) and Centene (CNC) have the most at stake, as their respective STAR+PLUS earnings contribute about 7% and 2%, respectively, of his and consensus estimates, Giacobbe tells investors. He estimates that the other incumbents - Anthem (ANTM), Cigna (CI) and UnitedHealth (UNH) - have 1% or less of their earnings at stake, adding that investor expectations are for the incumbents to largely retain business.
AAPL Apple
$200.99

1 (0.50%)

07/08/19
RSBL
07/08/19
DOWNGRADE
Target $150
RSBL
Sell
Rosenblatt sees Apple fundamentals deteriorating, downgrades to Sell
Rosenblatt analyst Jun Zhang downgraded Apple to Sell from Neutral, citing his view that its fundamental will deteriorate over the next 6-12 months. Zhang believes new iPhone sales will be disappointing, iPad sales growth will slow in the second half of 2019, and that service revenue growth will also decelerate. His analysis of retail data suggests overall iPhone sales were flat month-over-month in June and he expects major iPhone upgrades to be pushed out to the second half of 2020 given what are seen as limited upgrades for the new iPhone models in the fall and expectations of a 5G iPhone in 2020. While Zhang cut his rating to Sell, he does not see Apple as a stock to short, noting that the company has "plenty of cash and a meaningful stock buy back program," the analyst added. Zhang keeps a $150 price target on Apple shares, which are down $2.86, or 1.4%, to $201.37 in pre-market trading.
07/08/19
07/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Sell from Neutral at Rosenblatt with analyst Jun Zhang citing his view that its fundamental will deteriorate over the next 6-12 months. 2. Verizon (VZ) downgraded to Neutral from Buy at Citi with analyst Michael Rollins saying rising long-term industry risks and the stock's current valuation premium are likely to limit returns over the next 12-months. 3. F5 Networks (FFIV) downgraded to Sell from Neutral at Goldman Sachs with analyst Rod Hall saying the company's earnings risks are increasing due to the weaker short-term spending environment and increasing competitive threat. 4. BNY Mellon (BK) and State Street (STT) were double downgraded to Underweight from Overweight at Morgan Stanley. 5. American Airlines (AAL) downgraded to Underperform from Neutral at Credit Suisse with analyst Jose Caiado citing labor and Boeing (BA) 737 Max risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/09/19
JPMS
07/09/19
NO CHANGE
Target $239
JPMS
Overweight
JPMorgan turns 'incrementally positive' on iPhone shipments, boosts Apple target
JPMorgan analyst Samik Chatterjee is turning "incrementally positive" on the volume outlook for iPhone shipments in 2020. Global supply chain and smartphone channel checks suggest that Apple is likely to "pull an additional lever" in the form of a refresh of the legacy iPhone SE/iPhone 8 model to address a much more "value" category relative to recent launches, Chatterjee tells investors in a research note. The analyst believes the incrementally positive volume outlook for 2020 is likely to drive upgrades to consensus earnings expectations and positive sentiment for Apple shares. This would mark a "significant change" from downward revisions to near-term earnings over the last few months amid concerns around the impact of the U.S.-China trade war, Chatterjee believes. He increased his 2020 iPhone shipment outlook to 195M units and his fiscal 2020 and 2021 earnings per share estimates to $13.00 and $15.30 from $12.85 and $15.10, respectively. The analyst also boosted his price target for Apple to $239 from $233 and keeps an Overweight rating on the name.
07/09/19
MSCO
07/09/19
NO CHANGE
Target $231
MSCO
Overweight
Data points to Apple services re-acceleration, says Morgan Stanley
Morgan Stanley analyst Katy Huberty noted that third-party data from Sensor Tower indicates that Apple's June quarter App Store net revenue grew 17.5%, which she notes would mark the second straight quarter of accelerating App Store growth. If she uses the Sensor Tower App Store revenue figure of $3.85B and keeps all her other Apple Services forecasts unchanged, it would imply June quarter normalized Services revenue growth of 20.0%, which Huberty notes is 1.5% higher than consensus. She maintains an Overweight rating and $231 price target on Apple shares.

TODAY'S FREE FLY STORIES

FCAU

Fiat Chrysler

$13.61

-0.565 (-3.99%)

, WORK

Slack Technologies

$34.75

-0.03 (-0.09%)

10:20
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07/16
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Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

FCAU

Fiat Chrysler

$13.61

-0.565 (-3.99%)

WORK

Slack Technologies

$34.75

-0.03 (-0.09%)

BTE

Baytex Energy

$1.47

0.03 (2.08%)

TOWN

TowneBank

$26.85

(0.00%)

VET

Vermilion Energy

$21.76

-0.2 (-0.91%)

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HD

Home Depot

$218.16

-0.55 (-0.25%)

, SON

Sonoco

$64.48

-0.005 (-0.01%)

10:20
07/16/19
07/16
10:20
07/16/19
10:20
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

HD

Home Depot

$218.16

-0.55 (-0.25%)

SON

Sonoco

$64.48

-0.005 (-0.01%)

PH

Parker-Hannifin

$172.01

4.33 (2.58%)

FDS

FactSet

$281.22

-13.02 (-4.43%)

KMT

Kennametal

$35.09

0.295 (0.85%)

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LH

LabCorp

$174.70

0.155 (0.09%)

, TKR

Timken

$48.61

0.92 (1.93%)

10:20
07/16/19
07/16
10:20
07/16/19
10:20
Upgrade
Fly Intel: Top five analyst upgrades »

Catch up on today's…

LH

LabCorp

$174.70

0.155 (0.09%)

TKR

Timken

$48.61

0.92 (1.93%)

FCX

Freeport McMoRan

$11.23

0.09 (0.81%)

WPM

Wheaton Precious Metals

$24.45

0.27 (1.12%)

OMF

OneMain Holdings

$35.07

1.135 (3.34%)

NOK

Nokia

$5.15

0.045 (0.88%)

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10:20
07/16/19
07/16
10:20
07/16/19
10:20
General news
The June U.S. industrial production report tracked estimates »

The June U.S. industrial…

10:20
07/16/19
07/16
10:20
07/16/19
10:20
General news
The May U.S. business inventory report tracked estimates »

The May U.S. business…

RTN

Raytheon

$178.96

0.88 (0.49%)

10:19
07/16/19
07/16
10:19
07/16/19
10:19
Hot Stocks
Raytheon submits Lower Tier Air and Missile Defense Sensor proposal to U.S. Army »

Raytheon Company…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
07/16/19
07/16
10:17
07/16/19
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
07/16/19
07/16
10:16
07/16/19
10:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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LB

L Brands

$26.70

(0.00%)

10:15
07/16/19
07/16
10:15
07/16/19
10:15
Periodicals
L Brands CEO says not aware of Jeffrey Epstein's behavior, WSJ reports »

In a memo to employees on…

03/08/13
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  • 22

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IQ

iQIYI

$18.97

-0.52 (-2.67%)

10:15
07/16/19
07/16
10:15
07/16/19
10:15
Options
iQiyi put volume heavy and directionally bearish »

Bearish flow noted in…

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EVLO

Evelo Biosciences

$7.66

(0.00%)

10:13
07/16/19
07/16
10:13
07/16/19
10:13
Hot Stocks
Breaking Hot Stocks news story on Evelo Biosciences »

Evelo Biosciences Inc…

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  • 09

    Sep

10:10
07/16/19
07/16
10:10
07/16/19
10:10
General news
U.S. July NAHB housing market index rebounded 1 point to 65 »

U.S. July NAHB housing…

10:10
07/16/19
07/16
10:10
07/16/19
10:10
General news
U.S. business inventories rose 0.3% in May with sales up 0.2% »

U.S. business inventories…

EVLO

Evelo Biosciences

$7.66

(0.00%)

10:08
07/16/19
07/16
10:08
07/16/19
10:08
Hot Stocks
Breaking Hot Stocks news story on Evelo Biosciences »

Evelo Biosciences Inc…

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  • 09

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SPAR

Spartan Motors

$11.40

1.49 (15.04%)

, AMZN

Amazon.com

$2,023.41

2.41 (0.12%)

10:06
07/16/19
07/16
10:06
07/16/19
10:06
Recommendations
Craig-Hallum says Spartan order is from Amazon, boosts price target to $15 »

Craig-Hallum analyst…

SPAR

Spartan Motors

$11.40

1.49 (15.04%)

AMZN

Amazon.com

$2,023.41

2.41 (0.12%)

03/08/13
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DISCA

Discovery

$32.33

-0.04 (-0.12%)

10:05
07/16/19
07/16
10:05
07/16/19
10:05
Options
Discovery call volume above normal and directionally bullish »

Bullish option flow…

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LAD

Lithia Motors

$118.88

-0.55 (-0.46%)

10:04
07/16/19
07/16
10:04
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10:04
Hot Stocks
Lithia Motors appoints Tina Miller as SVP, CFO »

Lithia Motors announced…

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ALLK

Allakos

$35.10

-0.89 (-2.47%)

10:03
07/16/19
07/16
10:03
07/16/19
10:03
Hot Stocks
Allakos treatment of mastocytosis granted FDA orphan designation »

Allakos was granted FDA…

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10:02
07/16/19
07/16
10:02
07/16/19
10:02
General news
Housing Market Index data reported »

July Housing Market Index…

10:02
07/16/19
07/16
10:02
07/16/19
10:02
General news
Business Inventories data reported »

May Business Inventories…

GS

Goldman Sachs

$216.98

5.43 (2.57%)

10:01
07/16/19
07/16
10:01
07/16/19
10:01
Hot Stocks
Breaking Hot Stocks news story on Goldman Sachs »

Goldman Sachs says…

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  • 16

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DIS

Disney

$144.63

-0.42 (-0.29%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Periodicals
ESPN to launch daily morning podcast in October, Washington Post reports »

ESPN is planning to…

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  • 06

    Aug

COE

China Online Education

$6.84

(0.00%)

10:00
07/16/19
07/16
10:00
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10:00
Hot Stocks
China Online Education falls -7.4% »

China Online Education is…

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HRTG

Heritage Insurance

$15.01

-0.94 (-5.89%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
Heritage Insurance falls -5.6% »

Heritage Insurance is…

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  • 25

    Sep

UGAZ

VelocityShares 3x Long Natural Gas ETN

$16.45

-1.53 (-8.51%)

10:00
07/16/19
07/16
10:00
07/16/19
10:00
Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -8.6% »

VelocityShares 3x Long…

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