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AAPL

Apple

$206.78

4.16 (2.05%)

, TSLA

Tesla

$255.74

-2.38 (-0.92%)

15:45
07/22/19
07/22
15:45
07/22/19
15:45

Apple hires Tesla engineer in charge of car interiors/exteriors, Bloomberg says

Apple (AAPL) has hired Steve MacManus, at least the third Tesla (TSLA) engineering executive to join the tech giant in the last year, Bloomberg's Mark Gurman and Dana Hull report. MacManus, a Tesla vice president in charge of engineering for car interiors and exteriors, has joined Apple as a senior director, according to his LinkedIn profile. Reference Link

AAPL

Apple

$206.78

4.16 (2.05%)

TSLA

Tesla

$255.74

-2.38 (-0.92%)

  • 24

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AAPL Apple
$206.78

4.16 (2.05%)

07/18/19
07/18/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Apple (AAPL) and Skyworks (SWKS) upgraded to Outperform from Market Perform at Raymond James with analyst Christopher Caso citing greater confidence in next year's 5G iPhone cycle. 2. PriceSmart (PSMT) upgraded to Outperform from Sector Perform at Scotiabank. 3. BNY Mellon (BK) upgraded to Market Perform from Underperform at Keefe Bruyette with analyst Brian Kleinhanzl saying after the company's Q2 results, he feels its negative catalysts are slowly reversing. 4. U.S. Bancorp (USB) upgraded to Neutral from Underperform at BofA/Merrill with analyst Erika Najarian saying she believes earnings headwinds have reached an inflection point and net interest margin is more defensible versus peers. 5. Power Integrations (POWI) upgraded to Buy from Hold at Stifel with analyst Tore Svanberg citing the company's near-term momentum from the USB-PD adoption cycle as well as its longer-term opportunity in the high-power industry and auto. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/19/19
NOMU
07/19/19
NO CHANGE
Target $180
NOMU
Neutral
Apple price target raised to $180 from $175 at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal raised his price target for Apple to $180 from $175 to reflect higher market multiples while keeping a Neutral rating on the shares. The analyst's fiscal Q3 work indicates a slow finish to the iPhone Xs cycle and "steady" App Store growth. Kvaal has low expectations for the impending iPhone cycle and does not expect Apple's new services to add materially to earnings. However, the company's ecosystem and buyback program "remain strong," the analyst writes in a research note titled "Bereft of Earnings Accelerants."
07/22/19
BERN
07/22/19
NO CHANGE
BERN
Apple Q3 results will likely matter more than usual, says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. notes that historically, Apple's Q3 results have meant relatively little to investors, whose focus by this time had typically shifted to next year's iPhone cycle. Following Apple's volatile 2019, however, the analyst would argue that Q3 results will likely matter more than usual, as they could shed further light on the iPhone's health in China, price elasticity of iPhone sales, and/or any contraction or further elongation of iPhone replacement cycles. For Q3, he expects Apple to report in-line revenues and EPS, and is slightly below the Street on Services revenues.
07/22/19
MSCO
07/22/19
NO CHANGE
Target $247
MSCO
Overweight
Morgan Stanley says Apple attractive ahead of earnings, ups target to $247
Morgan Stanley analyst Katy Huberty points to four reasons that she has a positive bias on Apple ahead of its report of June quarter earnings - investor sentiment is unusually negative; she expects Services revenue growth to accelerate for the first time since the March 2018 quarter; iPhone data held up in her checks; and she believes September quarter consensus estimates give the company a low bar and low risk of a guidance miss. The analyst, who slightly raised her June quarter revenue forecast to $53.8B ahead of the company's report, increased her price target on Apple shares to $247 from $231 and keeps an Overweight rating on the stock.
TSLA Tesla
$255.74

-2.38 (-0.92%)

07/22/19
ROTH
07/22/19
DOWNGRADE
ROTH
Neutral
Tesla downgraded to Neutral from Buy at Roth Capital
Roth Capital analyst Craig Irwin downgraded Tesla to Neutral from Buy.
07/22/19
ROTH
07/22/19
DOWNGRADE
Target $238
ROTH
Neutral
Tesla downgraded to Neutral on battery, competition risks at Roth Capital
As previously reported, Roth Capital analyst Craig Irwin downgraded Tesla to Neutral from Buy. He believes Tesla has a viable path to meet at least the low end of its 360,000-400,000 deliveries guidance for 2019, but this does not eliminate margin risks from rising 2019 battery costs or the impact of intensifying competition, Irwin tells investors. The analyst, who expects the shares to remain range bound until the battery and competition issues are resolved, keeps a $238 price target on the stock.
07/22/19
WEDB
07/22/19
NO CHANGE
Target $230
WEDB
Neutral
Profitability, demand outlook the focus when Tesla reports results, says Wedbush
Ahead of Tesla's quarterly results, Wedbush analyst Daniel Ives says all eyes will be around the margin profile in the quarter and most importantly the company's profitability outlook for the next few quarters. The analyst continues to believe that despite the impressive Q2 demand rebound, the ability to hit its aggressive 2019 unit guidance of 360k to 400k will be a "Herculean task." That said, if Fremont can show sustainable 100k-plus unit demand the next few quarters then clearly this would be a major inflection point in the Tesla story and a potential thesis changer for the skeptics moving forward, he contends. Ives has a Neutral rating and $230 price target on the shares.
07/22/19
07/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Neutral from Buy at Roth Capital with analyst Craig Irwin saying he believes Tesla has a viable path to meet at least the low end of its 360,000-400,000 deliveries guidance for 2019, but this does not eliminate margin risks from rising 2019 battery costs or the impact of intensifying competition. 2. Marvell (MRVL) downgraded to Neutral from Buy at Goldman Sachs with analyst Mark Delaney citing valuation. 3. Brunswick (BC) downgraded to Neutral from Overweight at JPMorgan with analyst Steven Zaccone saying commentary from industry participants indicates worsening marine industry growth, and Brunswick is heavily exposed to the most pronounced areas of weakness in aluminum fish boats and outboard engines. 4. Westlake Chemical (WLK) downgraded to Reduce from Neutral at Nomura Instinet while LyondellBasell (LYB) was downgraded to Neutral from Buy. 5. Paysign (PAYS) downgraded to Sell from Neutral at BTIG with analyst Mark Palmer citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

DDAIF

Daimler AG

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DVN

Devon Energy

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-0.4 (-1.50%)

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Bullish calendar call spread with a delta hedge in Devon Energy Corp »

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DVN

Devon Energy

$26.32

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UBER

Uber

$34.01

-0.27 (-0.79%)

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Uber analyst commentary  »

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DXC

DXC Technology

$31.86

-0.51 (-1.58%)

15:25
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DXC Technology call volume above normal and directionally bullish »

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CYRX

Cryoport

$17.69

-0.06 (-0.34%)

15:20
09/18/19
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15:20
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Shelton sees Cryoport becoming 'much broader' supply chain company »

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MTB

M&T Bank

$158.78

0.66 (0.42%)

15:19
09/18/19
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15:19
Hot Stocks
M&T Bank lowers prime lending rate to 5.0% from 5.25% »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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15:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
09/18/19
09/18
15:16
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15:16
Technical Analysis
NYSE market internals summary »

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15:15
09/18/19
09/18
15:15
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15:15
General news
On the policy path: »

On the policy path: the…

SPY

SPDR S&P 500 ETF Trust

$299.06

-1.88 (-0.62%)

, SPX

S&P 500

$0.00

(0.00%)

15:11
09/18/19
09/18
15:11
09/18/19
15:11
General news
Fed Chair says not forecasting a recession »

Federal Reserve Chair…

SPY

SPDR S&P 500 ETF Trust

$299.06

-1.88 (-0.62%)

SPX

S&P 500

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SPY

SPDR S&P 500 ETF Trust

$299.01

-1.93 (-0.64%)

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S&P 500

$0.00

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15:07
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09/18
15:07
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15:07
General news
Breaking General news story on SPDR S&P 500 ETF Trust, S&P 500 »

Powell doesn't think…

SPY

SPDR S&P 500 ETF Trust

$299.01

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MTCH

Match Group

$77.00

-2.7 (-3.39%)

, IAC

IAC

$230.15

-6.58 (-2.78%)

15:02
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09/18
15:02
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15:02
Hot Stocks
Match Group names Thomas Gaissmaier as Chief Human Resources Officer »

Match Group (MTCH)…

MTCH

Match Group

$77.00

-2.7 (-3.39%)

IAC

IAC

$230.15

-6.58 (-2.78%)

FOX

Fox Corp.

$32.24

-0.57 (-1.74%)

DIS

Disney

$135.88

-0.36 (-0.26%)

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SPY

SPDR S&P 500 ETF Trust

$298.51

-2.43 (-0.81%)

, SPX

S&P 500

$0.00

(0.00%)

15:01
09/18/19
09/18
15:01
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15:01
General news
Powell says trade policy among things weighing on outlook »

Fed Chair Powell said the…

SPY

SPDR S&P 500 ETF Trust

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S&P 500

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FRD

Friedman Industries

$6.12

-0.04 (-0.65%)

15:01
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Friedman Industries names Michael J. Taylor president, CEO »

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15:00
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General news
More from Powell: this is a time of difficult judgments and disparate perspectives »

More from Powell: this is…

14:50
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General news
Powell in Q&A: on whether this rate cut is still a "mid-cycle adjustment? »

Powell in Q&A: on…

MLHR

Herman Miller

$44.20

-0.3 (-0.67%)

14:49
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Options
Herman Miller options imply 12.7% move in share price post-earnings »

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CYRX

Cryoport

$17.52

-0.23 (-1.30%)

14:47
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Shelton sees 'bright future' ahead for Cryoport »

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SPY

SPDR S&P 500 ETF Trust

$298.64

-2.3 (-0.76%)

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S&P 500

$0.00

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14:45
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Breaking General news story on SPDR S&P 500 ETF Trust, S&P 500 »

Powell says FOMC has…

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SPDR S&P 500 ETF Trust

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14:45
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General news
Chair Powell at the podium: Powell said the Fed cut rates again »

Chair Powell at the…

FITB

Fifth Third

$28.24

0.05 (0.18%)

14:42
09/18/19
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Fifth Third decreases prime lending rate to 5% »

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SPY

SPDR S&P 500 ETF Trust

$298.73

-2.21 (-0.73%)

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S&P 500

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14:41
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General news
Fed Chair Powell says more rate cuts could be needed if economy weakens »

Asked if it remains his…

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SPDR S&P 500 ETF Trust

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14:40
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General news
FOMC Forecast revisions »

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SPDR S&P 500 ETF Trust

$298.88

-2.06 (-0.68%)

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S&P 500

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14:38
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General news
Fed Chair says additional signs seen of weakness abroad »

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