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GLW

Corning

$27.86

-0.03 (-0.11%)

10:05
08/22/19
08/22
10:05
08/22/19
10:05

Corning call volume above normal and directionally bullish

Bullish option flow detected in Corning with 14,534 calls trading, 18x expected, and implied vol increasing over 1 point to 26.36%. Oct-19 28 calls and 8/23 weekly 28 calls are the most active options, with total volume in those strikes near 12,800 contracts. The Put/Call Ratio is 0.05. Earnings are expected on October 22nd.

  • 26

    Aug

GLW Corning
$27.86

-0.03 (-0.11%)

08/01/19
SUSQ
08/01/19
DOWNGRADE
Target $30
SUSQ
Neutral
Corning downgraded to Neutral at Susquehanna
As reported previously, Susquehanna analyst Mehdi Hosseini downgraded Corning to Neutral from Positive. The analyst moved to the sidelines until he is convinced earnings and CAGR can exceed the earnings from the S&P500. He said until then, he cannot justify its premium valuation because he feels the company has recently failed to execute in managing its portfolio of diverse business units. Hosseini lowered his price target to $30 from $40 on Corning shares.
08/01/19
08/01/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Prudential (PRU) downgraded to Neutral from Buy at B. Riley FBR with analyst Randy Binner citing the company's Q2 results. 2. SBA Communications (SBAC) downgraded to Neutral from Overweight at JPMorgan. 3. Air Products (APD) downgraded to Hold from Buy at HSBC with analyst Sriharsha Pappu citing valuation for the downgrade. 4. T2 Biosystems (TTOO) downgraded to Neutral from Buy at Alliance Global Partners. 5. Corning (GLW) downgraded to Neutral from Positive at Susquehanna with analyst Mehdi Hosseini downgraded Corning (GLW) to Neutral from Positive with analyst Mehdi Hosseini saying he moved to the sidelines until he is convinced earnings and CAGR can exceed the earnings from the S&P500. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/07/19
LEHM
08/07/19
INITIATION
Target $35
LEHM
Overweight
Corning initiated with an Overweight at Barclays
Barclays analyst Tim Long initiated Corning with an Overweight rating and a price target of $35. The analyst says the Optical Communications sector is set to grow by over 5% over the next 2-3 years thanks to the development of 5G and data center trends, noting that the performance may be lumpy, but overall growth should be "solid" for several years. Long adds that Corning is adding to capacity to support increased demand. The analyst also points to greater penetration of dual-sided Gorilla Glass offsetting the flat market for handsets and sees potential for Corning's automotive glass to make a "meaningful" contribution to backlog as the new dedicated plant starts operations in Q3.
08/08/19
08/08/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Apple (AAPL), Samsung (SSNLF), HP Enterprise (HPE), HP Inc. (HPQ), and Dell Technologies (DELL) initiated with an Equal Weight at Barclays. 2. Avalara (AVLR) initiated with an Outperform at William Blair. 3. BlueLinx (BXC) initiated with a Buy at B. Riley FBR. 4. Corning (GLW) initiated with an Overweight at Barclays while Seagate (STX) was initiated with an Underweight, and Western Digital (WDC) was initiated with an Equal Weight. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CBSH

Commerce Bancshares

$61.42

0.09 (0.15%)

13:02
09/16/19
09/16
13:02
09/16/19
13:02
Initiation
Commerce Bancshares initiated  »

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  • 17

    Sep

WMS

Advanced Drainage

$33.09

0.86 (2.67%)

, ITCI

Intra-Cellular

$9.99

0.05 (0.50%)

13:02
09/16/19
09/16
13:02
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13:02
On The Fly
Fly Insider: Advanced Drainage, Merit among week's notable insider trades »

Welcome to "Fly Insider,"…

WMS

Advanced Drainage

$33.09

0.86 (2.67%)

ITCI

Intra-Cellular

$9.99

0.05 (0.50%)

LAND

Gladstone Land

$12.00

0.0745 (0.62%)

PRU

Prudential

$88.52

-1.33 (-1.48%)

ACHC

Acadia

$32.37

0.385 (1.20%)

ZAYO

Zayo Group

$33.82

(0.00%)

AMPH

Amphastar

$21.79

0.27 (1.25%)

PH

Parker-Hannifin

$178.30

-3.89 (-2.14%)

MMSI

Merit Medical

$27.74

0.09 (0.33%)

FCNCA

First Citizens

$481.53

1.58 (0.33%)

03/08/13
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  • 17

    Sep

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    Oct

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    Oct

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    Nov

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    Dec

XLF

Financial Select Sector

$28.26

-0.24 (-0.84%)

13:00
09/16/19
09/16
13:00
09/16/19
13:00
Options
Put spread swap in Financial Sector ETF totals 160K contracts »

Put spread swap in…

03/08/13
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UMBF

UMB Financial

$66.71

-0.25 (-0.37%)

13:00
09/16/19
09/16
13:00
09/16/19
13:00
Initiation
UMB Financial initiated  »

UMB Financial assumed…

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  • 17

    Sep

CL

Colgate-Palmolive

$69.11

-1.57 (-2.22%)

12:55
09/16/19
09/16
12:55
09/16/19
12:55
Options
Colgate Palmolive put volume heavy and directionally bearish »

Bearish flow noted in…

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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  • 17

    Sep

  • 01

    Nov

CHD

Church & Dwight

$71.77

-0.25 (-0.35%)

12:53
09/16/19
09/16
12:53
09/16/19
12:53
Hot Stocks
Church & Dwight CEO buys 7,000 shares »

Church & Dwight…

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  • 17

    Sep

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    Sep

  • 06

    Nov

ED

Consolidated Edison

$89.88

0.05 (0.06%)

12:51
09/16/19
09/16
12:51
09/16/19
12:51
Hot Stocks
Con Edison challenges repeal of Clean Power Plan »

Con Edison, as part of a…

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  • 10

    Nov

IBOC

International Bancshares

$39.74

0.165 (0.42%)

12:50
09/16/19
09/16
12:50
09/16/19
12:50
Hot Stocks
International Bancshares increases dividend 10% to 55c per share »

International Bancshares…

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COMM

CommScope

$13.11

1.02 (8.44%)

12:46
09/16/19
09/16
12:46
09/16/19
12:46
Hot Stocks
CommScope reports FCC approves spectrum access system for deployment »

CommScope announced that…

03/08/13
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03/08/13
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  • 23

    Sep

12:45
09/16/19
09/16
12:45
09/16/19
12:45
General news
FOMC Checklist: »

FOMC Checklist: The FOMC…

OMVKY

OMV AG

$0.00

(0.00%)

12:41
09/16/19
09/16
12:41
09/16/19
12:41
Initiation
OMV AG initiated  »

OMV AG resumed with an…

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NFLX

Netflix

$291.23

-2.77 (-0.94%)

, SNE

Sony

$59.78

-0.59 (-0.98%)

12:40
09/16/19
09/16
12:40
09/16/19
12:40
Periodicals
Netflix lands global streaming rights to 'Seinfeld,' L.A. Times reports »

Netflix (NFLX) has struck…

NFLX

Netflix

$291.23

-2.77 (-0.94%)

SNE

Sony

$59.78

-0.59 (-0.98%)

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

    Sep

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    Sep

  • 01

    Oct

  • 02

    Oct

  • 03

    Oct

  • 16

    Oct

WPX

WPX Energy

$12.10

1.12 (10.20%)

12:40
09/16/19
09/16
12:40
09/16/19
12:40
Options
10% rise in shares prompts ratio roll up in WPX Energy »

10% rise in shares…

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E

Eni SpA

$31.43

0.42 (1.35%)

12:39
09/16/19
09/16
12:39
09/16/19
12:39
Initiation
Eni SpA initiated  »

Eni SpA resumed with an…

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BBBY

Bed Bath & Beyond

$10.40

-0.12 (-1.14%)

12:35
09/16/19
09/16
12:35
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12:35
Options
Bed Bath & Beyond put volume heavy and directionally bearish »

Bearish flow noted in Bed…

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GS

Goldman Sachs

$216.86

-3.13 (-1.42%)

12:33
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09/16
12:33
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12:33
Periodicals
Goldman Sachs chief risk officer Vince to retire at end of year, Reuters says »

Goldman Sachs said that…

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  • 19

    Sep

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  • 15

    Oct

BA

Boeing

$379.03

-0.84 (-0.22%)

12:32
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09/16
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12:32
Hot Stocks
Boeing to sell Inventory Locator Service to Hearst's CAMP Systems »

Boeing has signed an…

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  • 02

    Oct

LMT

Lockheed Martin

$390.15

5.43 (1.41%)

12:27
09/16/19
09/16
12:27
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12:27
Periodicals
Greg Ulmer to temporarily run Lockheed aeronautics division, Reuters reports »

Greg Ulmer, head of…

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CRC

California Resources

$14.85

3.03 (25.63%)

12:25
09/16/19
09/16
12:25
09/16/19
12:25
Options
California Resources call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
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ICAD

iCAD

$7.09

0.19 (2.75%)

12:25
09/16/19
09/16
12:25
09/16/19
12:25
Conference/Events
iCAD to host investor meeting »

Investor meeting to be…

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  • 16

    Sep

  • 12

    Nov

CNHI

CNH Industrial

$11.19

-0.01 (-0.09%)

12:21
09/16/19
09/16
12:21
09/16/19
12:21
Periodicals
Elliott builds stake in CNH, sees value in breakup, Bloomberg reports »

Paul Singer's…

03/08/13
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CHE

Chemed

$421.82

0.32 (0.08%)

12:19
09/16/19
09/16
12:19
09/16/19
12:19
Hot Stocks
Chemed subsidiary acquires franchise operater for $120M »

Roto-Rooter Services…

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  • 18

    Nov

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    Nov

  • 20

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
09/16/19
09/16
12:17
09/16/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
09/16/19
09/16
12:16
09/16/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

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ADNT

Adient

$24.79

-0.32 (-1.27%)

12:15
09/16/19
09/16
12:15
09/16/19
12:15
Options
Adient put volume heavy and directionally bearish »

Bearish flow noted in…

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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  • 23

    Sep

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