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UAL

United Continental

$90.85

1.4 (1.57%)

, BA

Boeing

$364.18

5.13 (1.43%)

13:07
07/12/19
07/12
13:07
07/12/19
13:07

United extends view of Boeing 737 MAX unavailability to November, Reuters says

United Airlines (UAL), which had previously left its fleet of Boeing (BA) 737 MAX jets off its flight schedule through early September, has extended its expectation that the grounded jet will stay off its flight schedule until Nov. 3, reported Reuters' Tracy Rucinski. Reference Link

UAL

United Continental

$90.85

1.4 (1.57%)

BA

Boeing

$364.18

5.13 (1.43%)

  • 17

    Jul

  • 24

    Jul

UAL United Continental
$90.85

1.4 (1.57%)

06/06/19
GSCO
06/06/19
DOWNGRADE
Target $60
GSCO
Neutral
Spirit Airlines downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Catherine O'Brien downgraded Spirit Airlines (SAVE) to Neutral from Buy and lowered her price target for the shares to $69 from $69. The analyst coupled the downgrade with an upgrade of United Continental Holdings (UAL) to Buy from Neutral. There is downside risk to the consensus earnings forecasts for Spirit while United's estimates have appropriately incorporated tougher second half 2019 comparables, O'Brien tells investors in a research note. The analyst is now less confident that Spirit's initiatives will ramp up enough in the back half of 2019 to offset the "materially tougher" comparables the company faces.
06/06/19
06/06/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. AMD (AMD) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Joseph Moore saying he still remains concerned that consensus forecasts for AMD in the second half of 2019 are too high, Moore acknowledges that "being cautious on the stock has obviously been the wrong call." 2. United Continental (UAL) upgraded to Buy from Neutral at Goldman Sachs with analyst Catherine O'Brien saying she sees a better risk/reward for the shares relative to Spirit Airlines (SAVE), a stock she downgraded this morning to Neutral from Buy. 3. Digital Realty (DLR) upgraded to Outperform from Market Perform at Raymond James with analyst Frank Louthan saying after he met with management, he now sees Digital Realty being poised to reverse recent underperformance compared to the group, contending that its diversified base should be a strength. 4. Outfront Media (OUT) upgraded to Outperform from In-Line at Imperial Capital with analyst David Miller saying he increased his estimates for fiscal 2019 and 2020 due the company's share gains against other forms of media. His higher estimates for 2020 are due to a "more robust" outlook for Outfront's transit business, particularly digital signage in New York City. 5. Flex (FLEX) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Mark Delaney saying he had been concerned about the potential overhang from a "handful of issues," including the company's CEO search, the size of its CTG program exits and the resulting impact on earnings, and macroeconomic risk. He believes, however, that these issues now have more clarity and are priced into the stock. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/13/19
JPMS
06/13/19
NO CHANGE
JPMS
JPMorgan notes airline fare hike, doesn't see domestic 'resilience' as priced in
JPMorgan analyst Jamie Baker said he was "surprised" to see domestic fares rising again after a price hike five weeks ago, noting that Southwest (LUV) joined with an increase overnight. Given "the crescendo of inquiries as to why, and nary a question on fares," Baker said he is confident that increased domestic fare resilience is not yet priced into airline stocks. Other publicly traded airlines include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Spirit Airlines (SAVE) and United Continental (UAL).
06/13/19
JPMS
06/13/19
NO CHANGE
JPMS
American, Southwest raised domestic rates in last two days, says JPMorgan
JPMorgan analyst Jamie Baker said American Airlines (AAL) took a "plain vanilla" domestic fare increase of $5 one-way yesterday morning, which was followed by what looks like a system-wide increase from Hawaiian (HA) and a "substantive" Lower 48 increase from Southwest (LUV). He was not expecting another increase so soon after the industry took a broad-based domestic increase in the second week of May, noted Baker, who thinks evidence of domestic demand and potential Q2 guidance increases could reverse "recent apathy" towards the airline space. Other publicly traded airlines include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Continental (UAL).
BA Boeing
$364.18

5.13 (1.43%)

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

TMUS

T-Mobile

$78.93

(0.00%)

, S

Sprint

$7.10

(0.00%)

09:41
07/18/19
07/18
09:41
07/18/19
09:41
Periodicals
Breaking Periodicals news story on T-Mobile, Sprint, Dish »

T-Mobile, Sprint, Dish…

TMUS

T-Mobile

$78.93

(0.00%)

S

Sprint

$7.10

(0.00%)

DISH

Dish

$40.86

(0.00%)

03/08/13
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03/08/13
Credit Suisse
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Citigroup
03/06/13
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  • 08

    Aug

TMUS

T-Mobile

$78.93

-0.11 (-0.14%)

, S

Sprint

$7.10

(0.00%)

09:40
07/18/19
07/18
09:40
07/18/19
09:40
Periodicals
Breaking Periodicals news story on T-Mobile, Sprint »

Control of Dish wireless…

TMUS

T-Mobile

$78.93

-0.11 (-0.14%)

S

Sprint

$7.10

(0.00%)

03/08/13
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Citigroup
03/06/13
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  • 08

    Aug

ENPH

Enphase Energy

$20.19

(0.00%)

, EBAY

eBay

$39.03

(0.00%)

09:40
07/18/19
07/18
09:40
07/18/19
09:40
Options
Unusually active option classes on open July 18th »

Unusual total active…

ENPH

Enphase Energy

$20.19

(0.00%)

EBAY

eBay

$39.03

(0.00%)

URI

United Rentals

$131.55

(0.00%)

IBM

IBM

$143.07

(0.00%)

CLDR

Cloudera

$5.48

(0.00%)

UNH

UnitedHealth

$266.71

(0.00%)

KMI

Kinder Morgan

$20.60

(0.00%)

NOK

Nokia

$5.17

(0.00%)

GDXJ

VanEck Vectors Junior Gold Miners

$37.66

(0.00%)

PM

Philip Morris

$81.06

(0.00%)

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

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  • 18

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TMUS

T-Mobile

$78.93

-0.11 (-0.14%)

, S

Sprint

$7.10

(0.00%)

09:39
07/18/19
07/18
09:39
07/18/19
09:39
Periodicals
Breaking Periodicals news story on T-Mobile, Sprint, Dish »

T-Mobile, Sprint decision…

TMUS

T-Mobile

$78.93

-0.11 (-0.14%)

S

Sprint

$7.10

(0.00%)

DISH

Dish

$40.86

-0.36 (-0.87%)

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

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  • 08

    Aug

ORCC

Owl Rock

$0.00

(0.00%)

09:38
07/18/19
07/18
09:38
07/18/19
09:38
Syndicate
Owl Rock indicated to open at $15.30-$16.30, IPO priced at $15.30 »

Owl Rock (ORCC) priced…

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

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  • 18

    Jul

PEG

PSEG

$60.88

0.39 (0.64%)

09:38
07/18/19
07/18
09:38
07/18/19
09:38
Hot Stocks
PSEG chief human resources officer Margaret Pego to retire »

Public Service Enterprise…

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  • 30

    Jul

HON

Honeywell

$168.81

-6 (-3.43%)

09:37
07/18/19
07/18
09:37
07/18/19
09:37
Hot Stocks
Honeywell says cautious on demand for 'short-cycle' products »

Says: Sees low…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 18

    Jul

  • 06

    Aug

AMK

AssetMark Financial

$0.00

(0.00%)

09:36
07/18/19
07/18
09:36
07/18/19
09:36
Syndicate
AssetMark Financial indicated to open at $22, IPO priced at $22 »

AssetMark Financial (AMK)…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 18

    Jul

AMRB

American River

$12.92

0.37 (2.95%)

09:34
07/18/19
07/18
09:34
07/18/19
09:34
Earnings
American River reports Q2 EPS 22, two est. 23c »

"We continue to make…

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

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  • 18

    Jul

CVE

Cenovus Energy

$9.50

0.075 (0.80%)

09:31
07/18/19
07/18
09:31
07/18/19
09:31
Upgrade
Cenovus Energy rating change  »

Cenovus Energy upgraded…

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

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  • 25

    Jul

PLAB

Photronics

$8.46

0.11 (1.32%)

09:29
07/18/19
07/18
09:29
07/18/19
09:29
Initiation
Photronics initiated at Northland »

Photronics initiated with…

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

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POOL

Pool Corp.

$183.91

-3.02 (-1.62%)

09:27
07/18/19
07/18
09:27
07/18/19
09:27
Recommendations
Pool Corp. analyst commentary at William Blair »

Pool Corp. should be…

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

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  • 18

    Jul

  • 06

    Aug

  • 13

    Nov

KMX

CarMax

$85.15

-1.27 (-1.47%)

09:26
07/18/19
07/18
09:26
07/18/19
09:26
Hot Stocks
CarMax offers online car buying experience in Virginia »

CarMax announces its new…

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

    Sep

CPRI

Capri Holdings

$36.62

-0.445 (-1.20%)

, BABA

Alibaba

$174.72

0.52 (0.30%)

09:26
07/18/19
07/18
09:26
07/18/19
09:26
Hot Stocks
Michael Kors launches digital store on Alibaba's Tmall »

Michael Kors, a…

CPRI

Capri Holdings

$36.62

-0.445 (-1.20%)

BABA

Alibaba

$174.72

0.52 (0.30%)

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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IPHI

Inphi

$59.59

0.06 (0.10%)

09:26
07/18/19
07/18
09:26
07/18/19
09:26
Hot Stocks
Inphi revises Q2 earnings results date to Aug. 1 »

Inphi Corporation…

03/08/13
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03/08/13
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03/06/13
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  • 01

    Aug

09:25
07/18/19
07/18
09:25
07/18/19
09:25
Conference/Events
The Brookings Institution to hold a conference on the US-China Trade War »

The Global Economy &…

UBSFY

Ubisoft

$0.00

(0.00%)

, TTWO

Take-Two

$117.64

0.15 (0.13%)

09:25
07/18/19
07/18
09:25
07/18/19
09:25
Conference/Events
Wedbush digital media analyst to hold an analyst/industry conference call »

Digital Media Analyst…

UBSFY

Ubisoft

$0.00

(0.00%)

TTWO

Take-Two

$117.64

0.15 (0.13%)

NTDOY

Nintendo

$0.00

(0.00%)

GME

GameStop

$4.39

-0.245 (-5.29%)

EA

Electronic Arts

$89.72

0.15 (0.17%)

ATVI

Activision Blizzard

$46.69

-0.29 (-0.62%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 19

    Jul

  • 30

    Jul

  • 05

    Aug

  • 08

    Aug

  • 08

    Aug

  • 05

    Sep

  • 13

    Nov

KMX

CarMax

$85.15

-1.27 (-1.47%)

09:24
07/18/19
07/18
09:24
07/18/19
09:24
Hot Stocks
CarMax offers online car buying experience in Florida »

CarMax announces its new…

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

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  • 24

    Sep

MS

Morgan Stanley

$43.78

-0.63 (-1.42%)

09:21
07/18/19
07/18
09:21
07/18/19
09:21
Hot Stocks
Breaking Hot Stocks news story on Morgan Stanley »

Morgan Stanley sees…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 18

    Jul

  • 11

    Sep

ANTM

Anthem

$304.71

-0.73 (-0.24%)

, CNC

Centene

$53.24

-0.51 (-0.95%)

09:20
07/18/19
07/18
09:20
07/18/19
09:20
Recommendations
Anthem, Centene analyst commentary  »

Iowa Medicaid MCO rate…

ANTM

Anthem

$304.71

-0.73 (-0.24%)

CNC

Centene

$53.24

-0.51 (-0.95%)

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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  • 23

    Jul

  • 24

    Jul

09:20
07/18/19
07/18
09:20
07/18/19
09:20
General news
The July Philly Fed surge to a 10-month high of 21.8 »

The July Philly Fed surge…

MKGI

Monaker Group

$2.54

0.055 (2.22%)

09:18
07/18/19
07/18
09:18
07/18/19
09:18
Hot Stocks
Monaker Group integrates booking engine, rental inventory with travel company »

Monaker Group reported…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 15

    Aug

SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
07/18/19
07/18
09:18
07/18/19
09:18
Options
Overnight activity included 200 trades in SPX and 10 trades in VIX »

200 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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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GFED

Guaranty Federal Bancshares

$23.50

(0.00%)

09:16
07/18/19
07/18
09:16
07/18/19
09:16
Earnings
Guaranty Federal Bancshares announces preliminary Q2 EPS 54c, one est. 53c »

Reports Q2 book value per…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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AAPL

Apple

$203.32

-1.08 (-0.53%)

, QCOM

Qualcomm

$75.75

0.09 (0.12%)

09:15
07/18/19
07/18
09:15
07/18/19
09:15
Upgrade
Apple, Qualcomm, Skyworks rating change at Raymond James »

Raymond James upgrades…

AAPL

Apple

$203.32

-1.08 (-0.53%)

QCOM

Qualcomm

$75.75

0.09 (0.12%)

SWKS

Skyworks

$80.15

-1.14 (-1.40%)

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

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  • 30

    Jul

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    Jul

  • 07

    Aug

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