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C

Citi

$63.18

-1.13 (-1.76%)

10:15
09/03/19
09/03
10:15
09/03/19
10:15

Citi put volume heavy and directionally bearish

Bearish flow noted in Citi with 11,316 puts trading, or 1.7x expected. Most active are 9/6 weekly 63.5 puts and 9/6 weekly 62.5 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 1.86, while ATM IV is up over 3 points on the day. Earnings are expected on October 15th.

  • 15

    Oct

C Citi
$63.18

-1.13 (-1.76%)

07/23/19
WELS
07/23/19
DOWNGRADE
Target $50
WELS
Market Perform
Wells Fargo downgrades Zions Bancorp, continues to prefer larger peers
Wells Fargo analyst Mike Mayo downgraded Zions Bancorp (ZION) to Market Perform from Outperform and lowered his price target for the shares to $50 from $62. The company's weaker than expected Q2 results help illustrate why larger and more diversified banks are preferable investments in the current environment, Mayo tells investors in a research note. Zions faces above average exposure to interest rate driven revenues without offsets commensurate with some of its larger peers, contends the analyst. He believes estimates for Zions need to come down and that the bank's and efficiency gains are likely to be offset by rate pressures. Mayo's top pick is Citi (C).
07/26/19
KBWI
07/26/19
UPGRADE
Target $86
KBWI
Outperform
Citi upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl upgraded Citi to Outperform from Market Perform and raised his price target for the shares to $86 from $74. 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.
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.
07/26/19
07/26/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Goldman Sachs (GS) and Citi (C) upgraded to Outperform from Market Perform at Keefe Bruyette. 2. Ambev (ABEV) upgraded to Neutral from Underweight at JPMorgan with analyst Lucas Ferreira saying the post-earnings share rally shows that investors are chasing good growth stories to play Brazil's economic recovery. 3. West Pharmaceutical (WST) upgraded to Neutral from Underperform at BofA/Merrill with analyst Derik de Bruin saying that over the course of the first half, the company addressed his prior concerns around organic revenue growth and product mix trends while also boosting its operating margins and generating higher free cash flows. 4. Union Pacific (UNP) upgraded to Overweight from Neutral at Atlantic Equities, while CSX (CSX) was upgraded to Neutral from Underweight. 5. Hasbro (HAS) upgraded to Buy from Hold at Argus with analyst John Staszak citing the company's dominant position with a range of "strong" brands as well as in the big-screen business. 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

BYND

Beyond Meat

$155.04

1.31 (0.85%)

, TSLA

Tesla

$246.51

3.08 (1.27%)

16:48
09/19/19
09/19
16:48
09/19/19
16:48
Hot Stocks
Beyond Meat names Sanjay Shah COO »

Beyond Meat (BYND)…

BYND

Beyond Meat

$155.04

1.31 (0.85%)

TSLA

Tesla

$246.51

3.08 (1.27%)

AMZN

Amazon.com

$1,822.21

4.21 (0.23%)

03/08/13
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  • 12

    Nov

SMTX

SMTC Corp.

$2.96

0.16 (5.71%)

16:40
09/19/19
09/19
16:40
09/19/19
16:40
Earnings
SMTC Corp. guides initial FY20 revenue $390M-$410M, two estimate $421.85M »

Guides initial FY20…

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  • 12

    Nov

CLXT

Calyxt

$6.97

-0.2 (-2.79%)

16:40
09/19/19
09/19
16:40
09/19/19
16:40
Hot Stocks
Calyxt signs seed agreement with Landus Cooperative in Iowa »

Calyxt has added Landus…

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  • 25

    Sep

SMTX

SMTC Corp.

$2.96

0.16 (5.71%)

16:39
09/19/19
09/19
16:39
09/19/19
16:39
Earnings
SMTC Corp to exit China operations, cuts FY19 revenue view to $354M-$362M »

Two estimates $392.79M. …

03/08/13
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03/08/13
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  • 12

    Nov

ACRGF

Acreage Holdings

$0.00

(0.00%)

16:36
09/19/19
09/19
16:36
09/19/19
16:36
Initiation
Acreage Holdings initiated  »

Acreage Holdings…

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SMTX

SMTC Corp.

$2.96

0.16 (5.71%)

16:36
09/19/19
09/19
16:36
09/19/19
16:36
Hot Stocks
Breaking Hot Stocks news story on SMTC Corp. »

SMTC Corp to exit China…

03/08/13
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03/06/13
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03/06/13
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  • 12

    Nov

16:35
09/19/19
09/19
16:35
09/19/19
16:35
General news
Money Supply M2 Weekly Change data reported »

Week of 9/9 Money Supply…

16:35
09/19/19
09/19
16:35
09/19/19
16:35
General news
Fed Balance Sheet Level data reported »

Week of 9/18 Fed Balance…

FSLR

First Solar

$67.09

1.32 (2.01%)

16:35
09/19/19
09/19
16:35
09/19/19
16:35
Hot Stocks
First Solar transitions to leveraging third-party EPC services »

First Solar, Inc.…

03/08/13
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HEXO

HEXO Corp

$3.94

-0.175 (-4.25%)

16:35
09/19/19
09/19
16:35
09/19/19
16:35
Initiation
HEXO Corp initiated  »

HEXO Corp initiated with…

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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  • 12

    Nov

CURLF

Curaleaf Holdings

$0.00

(0.00%)

16:34
09/19/19
09/19
16:34
09/19/19
16:34
Initiation
Curaleaf Holdings initiated  »

Curaleaf Holdings…

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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  • 14

    Nov

CHNR

China Natural Resources

$2.53

0.13 (5.42%)

16:34
09/19/19
09/19
16:34
09/19/19
16:34
Syndicate
Breaking Syndicate news story on China Natural Resources »

China Natural Resources…

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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KEY

KeyCorp

$18.04

-0.18 (-0.99%)

16:32
09/19/19
09/19
16:32
09/19/19
16:32
Hot Stocks
KeyCorp CEO Beth Mooney to retire »

KeyCorp announced that…

03/08/13
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  • 17

    Oct

ASA

ASA Limited

$12.56

0.25 (2.03%)

16:31
09/19/19
09/19
16:31
09/19/19
16:31
Hot Stocks
ASA Limited reports NAV positive 59.4% for 9 months ended August 31 »

ASA Gold and Precious…

03/08/13
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03/06/13
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16:30
09/19/19
09/19
16:30
09/19/19
16:30
Options
Preliminary option volume of 20.3M today »

Preliminary option volume…

NDLS

Noodles & Company

$5.92

-0.05 (-0.84%)

16:29
09/19/19
09/19
16:29
09/19/19
16:29
Hot Stocks
Noodles & Company names Jeffrey Jones as board chairman »

Noodles & Company…

03/08/13
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TLRY

Tilray

$29.91

-0.59 (-1.93%)

16:29
09/19/19
09/19
16:29
09/19/19
16:29
Initiation
Tilray initiated  »

Tilray initiated with a…

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  • 24

    Sep

MSFT

Microsoft

$141.08

2.55 (1.84%)

, TGT

Target

$107.84

0.92 (0.86%)

16:29
09/19/19
09/19
16:29
09/19/19
16:29
On The Fly
Fly Intel: Wall Street's top stories for Thursday »

Stocks spent the morning…

MSFT

Microsoft

$141.08

2.55 (1.84%)

TGT

Target

$107.84

0.92 (0.86%)

MO

Altria Group

$40.12

-0.72 (-1.76%)

PM

Philip Morris

$71.70

0.12 (0.17%)

GE

General Electric

$9.41

0.03 (0.32%)

CBPO

China Biologic

$113.97

10.78 (10.45%)

MLHR

Herman Miller

$45.05

0.57 (1.28%)

X

U.S. Steel

$11.06

-1.39 (-11.16%)

GRUB

GrubHub

$60.54

-3.245 (-5.09%)

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

    Sep

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    Sep

  • 23

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    Sep

  • 21

    Oct

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    Oct

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    Oct

  • 30

    Oct

PGR

Progressive

$75.77

0.57 (0.76%)

16:28
09/19/19
09/19
16:28
09/19/19
16:28
Hot Stocks
Progressive's Chief Investment Officer William Cody retiring, succesor appointed »

Progressive appointed…

03/08/13
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CGC

Canopy Growth

$26.33

-2.49 (-8.64%)

16:28
09/19/19
09/19
16:28
09/19/19
16:28
Initiation
Canopy Growth initiated  »

Canopy Growth initiated…

03/08/13
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  • 25

    Sep

  • 26

    Sep

CRON

Cronos Group

$10.23

-0.725 (-6.62%)

16:28
09/19/19
09/19
16:28
09/19/19
16:28
Initiation
Cronos Group initiated  »

Cronos Group initiated…

03/08/13
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03/08/13
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03/06/13
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ACB

Aurora Cannabis

$5.16

-0.11 (-2.09%)

16:27
09/19/19
09/19
16:27
09/19/19
16:27
Initiation
Aurora Cannabis initiated  »

Aurora Cannabis initiated…

03/08/13
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03/08/13
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03/06/13
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  • 19

    Sep

  • 26

    Sep

AWK

American Water

$122.48

1.01 (0.83%)

16:26
09/19/19
09/19
16:26
09/19/19
16:26
Hot Stocks
Illinois American Water acquires Village of Glasford water, wastewater systems »

Illinois American Water…

03/08/13
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  • 10

    Nov

NXST

Nexstar

$101.96

-1.23 (-1.19%)

, TRCO

Tribune Media

$46.66

(0.00%)

16:25
09/19/19
09/19
16:25
09/19/19
16:25
Hot Stocks
Nexstar completes accretive Tribune deal, sees 2019/2020 pro-forma FCF $1.02B »

Nexstar Media Group…

NXST

Nexstar

$101.96

-1.23 (-1.19%)

TRCO

Tribune Media

$46.66

(0.00%)

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

  • 13

    Nov

STZ

Constellation Brands

$207.45

-0.06 (-0.03%)

, STZ.B

Constellation Brands; also tag STZ

$182.94

(0.00%)

16:25
09/19/19
09/19
16:25
09/19/19
16:25
Initiation
Constellation Brands, Constellation Brands; also tag STZ initiated  »

Constellation Brands…

STZ

Constellation Brands

$207.45

-0.06 (-0.03%)

STZ.B

Constellation Brands; also tag STZ

$182.94

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 01

    Oct

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    Oct

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