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BA

Boeing

$359.05

6.83 (1.94%)

17:43
07/11/19
07/11
17:43
07/11/19
17:43

Boeing overhauls management of grounded 737 MAX, Reuters reports

Boeing has reassigned the boss of its next airplane project to run the 737 program, as the grounding of the 737 MAX in the wake of two crashes commands the company's undivided attention, Reuters' Eric M. Johnson reports, citing a memo. Boeing Commercial Airplanes CEO Kevin McAllister emphasized in the memo that the new mid-market airplane project would remain as a program, Johnson notes. Eric Lindblad, the 737 program manager, will retire in a matter of weeks after about 12 months in the position, and taking his place as 737 program lead will be Mark Jenks, who has been leading the planemaker's potential new mid-market airplane project, the author notes. Reference Link

  • 24

    Jul

BA Boeing
$359.05

6.83 (1.94%)

07/02/19
JEFF
07/02/19
DOWNGRADE
Target $85
JEFF
Hold
Jefferies downgrades Spirit AeroSystems to Hold on 737 Max uncertainty
Jefferies analyst Sheila Kahyaoglu downgraded Spirit AeroSystems to Hold from Buy and lowered her price target for the shares to $85 from $106. The shares have "limited upside" given that the MAX plane represents ~50% of revenue, Kahyaoglu tells investors in a research note. The analyst cut her 2019 and 2020 earnings per share estimates to $6.90 and $7.25 from $7.10 and $7.70, respectively, to account for fewer 737 MAX shipset deliveries. Her prior estimate had 737 MAX production stepping up to 57 per month for Spirit in mid-2020, which she now shifted to the start of 2021. The shift in the estimates is a result of the Federal Aviation Administration notifying Boeing (BA) of additional software changes to flight controls on June 26, Kahyaoglu notes.
07/03/19
STFL
07/03/19
NO CHANGE
Target $90
STFL
Buy
Delta one of biggest beneficiaries of longer MAX grounding, says Stifel
Stifel analyst Joseph DeNardi noted that Delta's (DAL) updated Q2 guidance yesterday was "strong across the board," pointing out that domestic load factor for the quarter of 89% benefited from the fact that the grounding of Boeing's (BA) MAX fleet is keeping industry capacity growth constrained. He sees Delta as one of the biggest beneficiaries, second only to Spirit Airlines (SAVE) and Alaska Air (ALK), as the grounding extends further out given the company's lack of exposure and the industry's competitive capacity dynamics. DeNardi maintains a Buy rating and $90 price target on Delta shares.
07/08/19
COWN
07/08/19
NO CHANGE
COWN
Outperform
Boeing MAX recertification pushout to increase cash flow volatility, says Cowen
Cowen analyst Cai von Rumohr commented on the potential impact of the expected pushout of recertification of Boeing's (BA) MAX aircraft to late September, saying he thinks the extended timeline will increase cash flow volatility for Boeing and risk of 737 rate cut at Spirit AeroSystems (SPR) and GE (GE). The analyst tells investors in a research note that he now sees an 737 inventory cash outflow in Q2 of $3.5B-$4B with a total Q2 outflow of $1B-$2B and more in Q3, and says Boeing will overall have about 275 completed MAXes in inventory at the end of Q3, which will take time to work through since the priority is to get the 381 MAXes already sitting in fleets back into service. Selling for an 8.5% "normalized" cash flow yield, Von Rumohr says Boeing remains his top pick.
07/08/19
FBCO
07/08/19
DOWNGRADE
Target $30
FBCO
Underperform
American Airlines downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Jose Caiado downgraded American Airlines (AAL) to Underperform from Neutral on labor and Boeing (BA) 737 Max risk. While these issues may be transient, they add to an already-challenged 2019 cost outlook and "unfortunately mask" some of the progress that American Airlines is making on the commercial front this year, he contends. The analyst also lowered his price target on American's shares to $30 from $32.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
07/16/19
07/16
14:17
07/16/19
14:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
07/16/19
07/16
14:16
07/16/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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CFRX

ContraFect

$0.47

-0.0187 (-3.83%)

14:12
07/16/19
07/16
14:12
07/16/19
14:12
Conference/Events
ContraFect management to meet with Jefferies »

Meeting to be held in New…

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  • 18

    Jul

14:10
07/16/19
07/16
14:10
07/16/19
14:10
General news
More from Kaplan: he thinks the funds rate will stabilize after just one rate cut »

More from Kaplan: he…

ATEC

Alphatec

$4.38

-0.06 (-1.35%)

14:09
07/16/19
07/16
14:09
07/16/19
14:09
Syndicate
Breaking Syndicate news story on Alphatec »

Alphatec files to sell…

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  • 24

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    Sep

SPOT

Spotify

$154.15

-0.13 (-0.08%)

, AAPL

Apple

$203.82

-1.36 (-0.66%)

14:08
07/16/19
07/16
14:08
07/16/19
14:08
Hot Stocks
Spotify slides after Apple said to plan original, exclusive podcasts »

Spotify (SPOT) shares are…

SPOT

Spotify

$154.15

-0.13 (-0.08%)

AAPL

Apple

$203.82

-1.36 (-0.66%)

03/08/13
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  • 30

    Jul

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    Jul

MCD

McDonald's

$213.70

-0.48 (-0.22%)

, UBER

Uber

$44.37

-0.14 (-0.31%)

14:04
07/16/19
07/16
14:04
07/16/19
14:04
Hot Stocks
McDonald's adds DoorDash as U.S. delivery partner »

McDonald's USA and…

MCD

McDonald's

$213.70

-0.48 (-0.22%)

UBER

Uber

$44.37

-0.14 (-0.31%)

03/08/13
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  • 26

    Jul

  • 08

    Aug

APRN

Blue Apron

$12.46

4.81 (62.88%)

14:00
07/16/19
07/16
14:00
07/16/19
14:00
Options
Explosive action in BlueApron as partnership with BYND anhiliates shorts »

Explosive action in…

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  • 06

    Aug

AAPL

Apple

$204.13

-1.05 (-0.51%)

, SPOT

Spotify

$154.63

0.35 (0.23%)

13:59
07/16/19
07/16
13:59
07/16/19
13:59
Periodicals
Apple to fund original podcasts in challenge to Spotify, Bloomberg says »

Apple (AAPL) plans to…

AAPL

Apple

$204.13

-1.05 (-0.51%)

SPOT

Spotify

$154.63

0.35 (0.23%)

03/08/13
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  • 30

    Jul

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    Jul

TSLA

Tesla

$252.11

-1.3 (-0.51%)

13:55
07/16/19
07/16
13:55
07/16/19
13:55
Hot Stocks
Tesla CEO Musk says cost of FSD option will increase 'every few months' »

Tesla CEO Elon Musk said…

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  • 24

    Jul

  • 06

    Aug

CARS

Cars.com

$20.95

-0.56 (-2.60%)

13:55
07/16/19
07/16
13:55
07/16/19
13:55
Options
Cars.com put volume heavy and directionally bearish »

Bearish flow noted in…

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BAC

Bank of America

$28.93

-0.29 (-0.99%)

, ABT

Abbott

$83.27

-0.53 (-0.63%)

13:50
07/16/19
07/16
13:50
07/16/19
13:50
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

BAC

Bank of America

$28.93

-0.29 (-0.99%)

ABT

Abbott

$83.27

-0.53 (-0.63%)

USB

U.S. Bancorp

$53.04

-0.07 (-0.13%)

PNC

PNC Financial

$138.85

-1.33 (-0.95%)

PGR

Progressive

$84.25

0.245 (0.29%)

BK

BNY Mellon

$43.20

0.05 (0.12%)

OMC

Omnicom

$84.47

0.46 (0.55%)

TXT

Textron

$54.17

0.74 (1.39%)

CMA

Comerica

$71.70

0.34 (0.48%)

03/08/13
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  • 17

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  • 06

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  • 06

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  • 08

    Aug

  • 26

    Aug

  • 06

    Sep

  • 16

    Oct

CSX

CSX

$79.79

1.27 (1.62%)

, CTAS

Cintas

$243.78

0.47 (0.19%)

13:49
07/16/19
07/16
13:49
07/16/19
13:49
Earnings
Notable companies reporting after market close »

Notable companies…

CSX

CSX

$79.79

1.27 (1.62%)

CTAS

Cintas

$243.78

0.47 (0.19%)

UAL

United Continental

$94.36

3.06 (3.35%)

FNF

Fidelity National

$41.43

-0.12 (-0.29%)

03/08/13
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  • 16

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  • 01

    Aug

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  • 13

    Nov

GLYC

GlycoMimetics

$12.62

-0.17 (-1.33%)

13:45
07/16/19
07/16
13:45
07/16/19
13:45
Options
GlycoMimetics call volume above normal and directionally bullish »

Bullish option flow…

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  • 23

    Jul

  • 09

    Sep

13:35
07/16/19
07/16
13:35
07/16/19
13:35
General news
Fed funds futures are inching up from earlier lows »

Fed funds futures are…

13:35
07/16/19
07/16
13:35
07/16/19
13:35
General news
Oil Action: WTI crude »

Oil Action: WTI crude has…

FUN

Cedar Fair

$50.85

0.4 (0.79%)

13:25
07/16/19
07/16
13:25
07/16/19
13:25
Conference/Events
Cedar Fair participates in a conference call with Wedbush »

Leisure & Travel…

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  • 16

    Jul

  • 07

    Aug

TM

Toyota

$128.80

1.16 (0.91%)

13:20
07/16/19
07/16
13:20
07/16/19
13:20
Hot Stocks
Toyota to consider options after Hogan lawsuit verdict »

Toyota issued a statement…

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HYG

iShares iBoxx $ High Yield Corporate Bond

$86.87

-0.12 (-0.14%)

13:20
07/16/19
07/16
13:20
07/16/19
13:20
Options
Put roll in High Yield Bond ETF re-rolls protective position »

Put roll in High Yield…

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JNJ

Johnson & Johnson

$132.96

-1.71 (-1.27%)

13:17
07/16/19
07/16
13:17
07/16/19
13:17
Hot Stocks
J&J falls after saying generics, biosimilars to have largest impact in Q3 »

During the company's…

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  • 16

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  • 09

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  • 16

    Sep

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
07/16/19
07/16
13:17
07/16/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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EA

Electronic Arts

$88.98

-3.24 (-3.51%)

13:16
07/16/19
07/16
13:16
07/16/19
13:16
Recommendations
Electronic Arts analyst commentary at Stephens »

Electronic Arts weakness…

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  • 19

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  • 08

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  • 13

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
07/16/19
07/16
13:16
07/16/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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03/06/13
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13:15
07/16/19
07/16
13:15
07/16/19
13:15
General news
Fed Chair Powell reiterated the Fed will "act as appropriate to sustain the expansion," »

Fed Chair Powell…

EA

Electronic Arts

$89.04

-3.18 (-3.45%)

13:14
07/16/19
07/16
13:14
07/16/19
13:14
Hot Stocks
Konami grabs exclusive video game rights to Juventus for 'PES' »

Japanese game developer…

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