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APA

Apache

$21.56

-0.39 (-1.78%)

, AMD

AMD

$32.43

-1.74 (-5.09%)

08:55
08/13/19
08/13
08:55
08/13/19
08:55

Notable open interest changes for August 13th

Monday's total option volume of 18.1 million contracts resulted in net open interest growth of 2.92 million calls and 2.76 million puts. Apache (APA), Advanced Micro (AMD), DXC Technology (DXC) and Bank of America (BAC) saw the greatest growth. Top five new positions opened include 56k Apache (APA) 9/27 weekly 21 puts, 55k Apache (APA) 9/27 weekly 22 calls, 50k DXC Technology (DXC) Sep-19 37.5 calls, 50k DXC Technology (DXC) Sep-19 32.5 puts and 40k General Electric (GE) Sep-19 9 puts.

APA

Apache

$21.56

-0.39 (-1.78%)

AMD

AMD

$32.43

-1.74 (-5.09%)

DXC

DXC Technology

$33.93

-1.94 (-5.41%)

BAC

Bank of America

$27.62

-0.71 (-2.51%)

  • 15

    Aug

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    Aug

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    Sep

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    Sep

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    Nov

APA Apache
$21.56

-0.39 (-1.78%)

01/16/19
LEHM
01/16/19
INITIATION
Target $29
LEHM
Underweight
Apache initiated with an Underweight at Barclays
Barclays analyst Jeanine Wai started Apache with an Underweight rating and $29 price target. The analyst sees "below average" fundamentals metrics with limited upside to net asset value.
06/03/19
WOLF
06/03/19
UPGRADE
WOLF
Peer Perform
Apache upgraded to Peer Perform from Underperform at Wolfe Research
04/05/19
BMOC
04/05/19
NO CHANGE
Target $36
BMOC
Market Perform
Apache price target raised to $36 from $30 at BMO Capital
BMO Capital analyst Phillip Jungwirth raised his price target on Apache to $36 after traveling with its management this week, saying investor sentiment appears to have improved amid "Permian oil outperformance, Suriname opportunity, North Sea growth, and messaging around improving Alpine High margins." The analyst notes that the adjustment made to his model have taken his FY19 EPS outlook to $8.72 from $8.52 and his FY20 outlook to $9.02 from $8.80, even though he is keeping his Market Perform rating to reflect the company's "lower relative debt adjusted production growth."
03/06/19
MUFG
03/06/19
NO CHANGE
Target $47
MUFG
Overweight
Apache 2018 results, capital program 'significant positives', says MUFG
MUFG analyst Michael McAllister kept his Overweight rating and $47 price target on Apache, saying its 2018 results and commitment to return 50% of its free cash flow to shareholders should be considered "significant positives" to the investment narrative. The analyst adds that the company's 2019 capital outflows of $2.8B are "amply covered" by his cash flow forecast of $3.78B. With 40M share repurchase program "recast by the board", McAllister sees buybacks as the "first home" for Apache's free cash flows and believes that its capital program is "set up appropriately for the current price regime".
AMD AMD
$32.43

-1.74 (-5.09%)

08/12/19
MZHO
08/12/19
NO CHANGE
Target $36
MZHO
Neutral
AMD second half of 2019 estimates look optimistic, says Mizuho
Mizuho analyst Vijay Rakesh believes AMD's (AMD) EPYC 2 benchmarks "show significant potential" versus Intel's (INTC) 14nm Cascale Lake with a number of key partners out of the gate. However, the analyst thinks near-term expectations for AMD are optimistic. While AMD is looking for a big Q4 ramp, potential pricing, share and capacity challenges could be headwinds to meeting consensus estimates in the second half of 2019, Rakesh tells investors in a research note. As such, the analyst keeps a Neutral rating on AMD with a $36 price target. The stock closed Friday up 27c to $34.19.
08/12/19
COWN
08/12/19
NO CHANGE
Target $42
COWN
Outperform
AMD price target raised to $42, remains a top pick at Cowen
Cowen analyst Matthew Ramsay raised his price target on AMD to $42 from $40 and said it remains a top pick following recent investor meetings. The analyst said with solid execution, the path to material share gains is clear as the meeting highlighted company leadership, performance, power and pricing. Ramsay said AMD remains a top pick and he reiterated his Outperform rating on AMD shares.
08/12/19
LOOP
08/12/19
INITIATION
Target $32
LOOP
Hold
AMD initiated with a Hold at Loop Capital
Loop Capital analyst Cody Acree started AMD with a Hold rating and $32 price target.
08/13/19
08/13/19
INITIATION
Target $32

Hold
AMD initiated with a Hold at Loop Capital
As previously reported, Loop Capital analyst Cody Acree initiated AMD (AMD) with a Hold rating and a price target of $32. The analyst is positive on the company's "significant transformation" since 2016 that yielded an attractive growth rate and operational profitability, noting that while many of its latest next-generation platforms are just starting to come to market, early reviews indicate "impressive performance" against comparable offerings from Intel (INTC) and Nvidia (NVDA). Acree believes that AMD is "well positioned" to gain material market share across its primary target markets, but also sees the stock as "fairly valued".
DXC DXC Technology
$33.93

-1.94 (-5.41%)

08/09/19
COWN
08/09/19
NO CHANGE
Target $65
COWN
Outperform
DXC Technology price target lowered to $65 from $83 at Cowen
Cowen analyst Bryan Bergin lowered his price target on DC Technology to $65 from $83 following disappointing Q1 results. The analyst cited an unforeseen worsening of Traditional business pressure, a bumpy path toward stabilization, and a dampening of investor optimism. Bergin maintained his Outperform rating on DXC Technology shares.
08/09/19
KEYB
08/09/19
DOWNGRADE
KEYB
Sector Weight
DXC Technology downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Arvind Ramnani downgraded DXC Technology to Sector Weight, saying Q2 marked another "challenging" quarter with continued execution issues and accelerating revenue compression in its Infrastructure business. The analyst is concerned that the top-line pressure is "secular", reducing the medium-term visibility on the company's targets, even though he is positive on the management team's ability to execute on a number of strategic options. Ramnani adds that investors may find the 5.5-times expected 2020 earnings multiple on the stock "attractive".
05/24/19
WELS
05/24/19
NO CHANGE
Target $55
WELS
Market Perform
DXC Technology price target lowered to $55 from $72 at Wells Fargo
Wells Fargo analyst Edward Caso lowered his price target for DXC Technology to $55 from $72 citing the company's Q4 revenue miss and "weak" fiscal 2020 guidance. DXC talking about current contract give ups in exchange for future digital work suggests ongoing margin pressure, Caso tells investors in a post-earnings research note. He keeps a Market Perform rating on the shares.
08/09/19
BMOC
08/09/19
DOWNGRADE
Target $48
BMOC
Market Perform
DXC Technology downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Keith Bachman downgraded DXC Technology to Market Perform from Outperform and lowered his price target for the shares to $48 from $60. The company's June quarter results heightened concerns around its ability generate "meaningful" free cash flow, grow revenues given the weight of mix and ongoing cost cutting, and management's comp structure "that is not aligned to shareholder interest," Bachman tells investors in a research note. Further, the analyst is skeptical that DXC could go private or spin some businesses to create shareholder value.
BAC Bank of America
$27.62

-0.71 (-2.51%)

07/26/19
KBWI
07/26/19
UPGRADE
Target $260
KBWI
Outperform
Goldman Sachs upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl upgraded Goldman Sachs (GS) to Outperform from Market Perform and raised his price target for the shares to $260 from $225. The analyst, who also upgraded Citi (C) and Bank of America (BAC) today to Outperform, raised the Universal Bank group to Overweight from Market Weight as he believes the economic cycle will be extended following rate cuts from the Federal Reserve. Further, the current valuations for the group are attractive "as we are not as late cycle as feared," Kleinhanzl tells investors in a research note. He also expects rotation back to financial stocks after investors have reduced allocations to the group. Investors should position for better macro conditions with a focus on owning money center banks and select brokers, says Kleinhanzl.
06/18/19
06/18/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bank of America (BAC) upgraded to Outperform from Market Perform at BMO Capital with analyst James Fotheringham expecting upward consensus estimates revisions and a "multiple re-rating" to drive 34% total return in the shares. 2. SunPower (SPWR), SunRun (RUN) upgraded to Buy from Neutral as SolarEdge (SEDG) upgraded to Neutral from Sell at Goldman Sachs with analyst Brian Lee anticipating "volume tailwinds" in the second half of 2019 given the recent signs of strength in the sector's financing environment. 3. CNH Industrial (CNHI) upgraded to Hold from Sell at Deutsche Bank with analyst Chad Dillard saying he's turning positive on North America large agriculture. 4. U.S. Cellular (USM), Telephone and Data (TDS) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Simon Flannery stating that he sees both stocks as "very attractively valued" with each down over 20% from their recent peak levels. 5. Prosperity Bancshares (PB) upgraded to Market Perform from Underperform at Raymond James with analyst Michael Rose saying the LegacyTexas Financial (LTXB) transaction provides meaningful scale in some of the most attractive markets in the country. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/28/19
WELS
06/28/19
NO CHANGE
WELS
Market Perform
Impacts of Bank of America decision manageable for First Data, says Wells Fargo
Wells Fargo analyst Timothy Willi sees three potential outcomes as Bank of America (BAC) reportedly weighs the exit of its joint venture with First Data (FDC). The joint venture can be dissolved, the terms can be renegotiated more favorably for Bank of America, and/or Bank of America can acquire an increased ownership of the venture, Willi tells investors in a research note. The current agreement ends in June 2020 and any party wishing to terminate must give one year notice, the analyst adds. While he believes that each of these scenarios could be an incremental negative for First Data, the analyst thinks the impacts are either "manageable or immaterial" in the context of a combined Fiserv (FISV), First Data. Willi has a Market Perform rating on First Data.
07/26/19
KBWI
07/26/19
UPGRADE
Target $36
KBWI
Outperform
Bank of America upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl upgraded Bank of America to Outperform from Market Perform and raised his price target for the shares to $36 from $32. The analyst raised the Universal Bank group to Overweight from Market Weight as he believes that the economic cycle will be extended following Federal Reserve rate cuts. Further, the current valuations for the group are attractive "as we are not as late cycle as feared," Kleinhanzl tells investors in a research note. He also expects rotation back to financial stocks after investors have reduced allocations to the group. Investors should position for better macro conditions with a focus on owning money center banks and select brokers, says Kleinhanzl.

TODAY'S FREE FLY STORIES

GOOG

Alphabet

$1,192.55

9.12 (0.77%)

, GOOGL

Alphabet Class A

$1,193.00

8.74 (0.74%)

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OIH

Oil Services Holders Trust

$11.64

0.04 (0.34%)

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JMIA

Jumia Technologies

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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14:15
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General news
FOMC minutes didn't provide strong clues on the direction of rates »

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WYND

Wyndham Destinations

$42.79

0.21 (0.49%)

14:11
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Wyndham Destinations to add 140 jobs in Orlando expansion »

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  • 29

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SPY

SPDR S&P 500 ETF Trust

$292.47

2.44 (0.84%)

, SPX

S&P 500

$0.00

(0.00%)

14:04
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General news
Fed minutes show 'couple of participants' would have preferred 50 bps rate cut »

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SPY

SPDR S&P 500 ETF Trust

$292.47

2.44 (0.84%)

SPX

S&P 500

$0.00

(0.00%)

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VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

, POAHY

Porsche

$0.00

(0.00%)

14:03
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Hot Stocks
Porsche acquires minority stake in Israeli startup TriEye »

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VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

POAHY

Porsche

$0.00

(0.00%)

03/08/13
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Citigroup
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SPY

SPDR S&P 500 ETF Trust

$292.42

2.39 (0.82%)

, SPX

S&P 500

$0.00

(0.00%)

14:02
08/21/19
08/21
14:02
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14:02
General news
Fed minutes show July rate cut viewed by 'most' on FOMC as 'recalibration' »

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SPY

SPDR S&P 500 ETF Trust

$292.42

2.39 (0.82%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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PFE

Pfizer

$35.06

0.44 (1.27%)

14:01
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  • 28

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TGT

Target

$102.13

16.555 (19.35%)

13:52
08/21/19
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Target analyst commentary at Baird »

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JMIA

Jumia Technologies

$12.43

-2.26 (-15.38%)

13:47
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Recommendations
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13:45
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AFL

Aflac

$49.66

-2.2 (-4.24%)

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Aflac reiterates review being done of Post channel sales, Bloomberg says »

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AMZN

Amazon.com

$1,823.96

21.88 (1.21%)

, WMT

Walmart

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0.03 (0.03%)

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AMZN

Amazon.com

$1,823.96

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WMT

Walmart

$112.15

0.03 (0.03%)

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CBL

CBL & Associates

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13:25
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Conference/Events
The Food & Drug Law Institute to hold a webinar »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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Technical Analysis
NASDAQ market internals summary »

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GOOG

Alphabet

$1,195.07

11.64 (0.98%)

, GOOGL

Alphabet Class A

$1,196.08

11.82 (1.00%)

13:16
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GOOG

Alphabet

$1,195.07

11.64 (0.98%)

GOOGL

Alphabet Class A

$1,196.08

11.82 (1.00%)

03/08/13
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  • 24

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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NYSE market internals summary »

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BHC

Bausch Health

$22.31

1.05 (4.94%)

13:06
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  • 09

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FB

Facebook

$185.03

1.27 (0.69%)

, TWTR

Twitter

$42.65

0.355 (0.84%)

13:05
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#SocialStocks: New 'Off-Facebook Activity' tool, Argus upgrades Pinterest »

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FB

Facebook

$185.03

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TWTR

Twitter

$42.65

0.355 (0.84%)

PINS

Pinterest

$36.40

2.05 (5.97%)

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