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CLF

Cleveland-Cliffs

$6.77

-1.165 (-14.68%)

13:40
09/03/19
09/03
13:40
09/03/19
13:40

Call sellers take a leap as Cleveland Cliffs shares plummet

Call sellers take a leap as Cleveland Cliffs shares plummet. Shares off 15% at midsession near $6.75 amidst weakness in iron ore names, with call volume 10x normal, and leading puts 5:1 and two notable blocks in the October term, where 26K Oct 7 calls were sold for 50c, outright, when shares were $6.95, opening, followed by a similar block in the Oct 6 calls, sold 23K times for $1, also opening.

  • 09

    Sep

  • 23

    Sep

CLF Cleveland-Cliffs
$6.77

-1.165 (-14.68%)

04/26/19
FBCO
04/26/19
UPGRADE
Target $14
FBCO
Outperform
Cleveland-Cliffs upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Curt Woodworth upgraded Cleveland-Cliffs to Outperform from Neutral and raised his price target to $14 from $13 following the company's Q1 results. In a research note to investors, Woodworth says he sees potential value near $16-$18 once the HBI plant is fully ramped, even with low hot-rolled coil prices at that point in time. He also forecasts substantially higher NAV uplift from HBI and now models EBITDA accretion of roughly $200M.
04/26/19
04/26/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cleveland-Cliffs (CLF) upgraded to Outperform from Neutral at Credit Suisse with analyst Curt Woodworth saying he sees potential value near $16-$18 once the HBI plant is fully ramped, even with low hot-rolled coil prices at that point in time. 2. Argo Group (ARGO) upgraded to Outperform from Market Perform at William Blair with analyst Adam Klauber saying Argo is beginning to emerge as a long-term midcap growth insurer, Klauber tells investors in a research note. 3. Illinois Tool Works (ITW) upgraded to Neutral from Underweight at JPMorgan with analyst Ann Duignan saying following the company's "solid" Q1 results, downside risk to 2019 earnings estimates "appears limited," with the worst of auto builds and European weakness "likely behind us." 4. The Medicines Co. (MDCO) upgraded to Buy from Neutral at Goldman Sachs while Esperion (ESPR) upgraded to Neutral from Sell. 5. Shutterfly (SFLY) upgraded to Outperform from Market Perform at Raymond James with analyst Aaron Kessler citing stable Consumer segment growth trends and his expectation for improved consumer growth throughout 2019, as well as "very achievable" 2021 EBITDA guidance of $400M-$450M with modest organic growth assumptions and modest Lifetouch synergies baked in. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/13/19
KEYB
05/13/19
NO CHANGE
KEYB
Chinese tariffs negative for Schnitzer Steel, positive for Luxfer, says KeyBanc
KeyBanc analyst Philip Gibbs notes that the Trump administration announced the U.S. will be ratcheting up import tariffs to 25% from 10% on about $200B worth of Chinese goods. All else equal, Gibbs sees this as a modest negative for steel producers as key consumables remain sticky, and a relative neutral for ArcelorMittal (MT) given its global exposure. On steelmaking raw materials, the analyst sees this as a neutral for Cleveland-Cliffs (CLF) and a negative for Schnitzer Steel (SCHN), with the latter in the heart of challenged non-ferrous export markets. He also views this largely as a neutral for distributors, with perhaps a modest positive of Worthington's (WOR) Cylinders segment. Clearer winners appear to be Global Brass and Copper (BRSS), Luxfer (LXFR), and Materion (MTRN), whereby it will be tougher for the Chinese to compete within the U.S. in its core businesses.
06/26/19
JEFF
06/26/19
NO CHANGE
JEFF
Nucor flat rolled price increase likely to help sentiment, says Jefferies
After Nucor (NUE) announced a $40/t flat rolled price increase yesterday, which was the first increase since February, Jefferies analyst Martin Englert said he thinks peers are likely to follow. While the increase may not immediately raise prices, it is a move in the right direction that aids more positive sector sentiment, Englert tell investors. The analyst, who advises investors to increase exposure to steel stocks, names Nucor, Steel Dynamics (STLD), Cleveland-Cliffs (CLF) and Commercial Metals (CMC) as his top U.S. picks Other publicly traded companies in the steel space include AK Steel (AKS), ArcelorMittal (MT), TimkenSteel (TMST) and U.S. Steel (X).

TODAY'S FREE FLY STORIES

AMED

Amedisys

$130.73

-2.13 (-1.60%)

16:47
09/16/19
09/16
16:47
09/16/19
16:47
Initiation
Amedisys initiated  »

Amedisys initiated with a…

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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  • 16

    Sep

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    Sep

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    Sep

  • 13

    Nov

HLM

Hillman Companies

$0.00

(0.00%)

16:46
09/16/19
09/16
16:46
09/16/19
16:46
Hot Stocks
Hillman CEO Greg Gluchowski leaving company due to family medical issues »

The Hillman Companies…

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ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

16:45
09/16/19
09/16
16:45
09/16/19
16:45
Hot Stocks
Breaking Hot Stocks news story on Aclaris Therapeutics »

Aclaris Therapeutics…

03/08/13
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03/06/13
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03/06/13
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ALDR

Alder Biopharmaceuticals

$18.50

8.45 (84.08%)

16:40
09/16/19
09/16
16:40
09/16/19
16:40
Upgrade
Alder Biopharmaceuticals rating change  »

Alder upgraded to Equal…

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  • 26

    Sep

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  • 21

    Feb

XON

Intrexon

$6.86

0.44 (6.85%)

16:39
09/16/19
09/16
16:39
09/16/19
16:39
Hot Stocks
Intrexon falls after dismissing accountant, notes 'going concern' language »

On September 10, the…

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SHOP

Shopify

$337.93

-0.77 (-0.23%)

16:38
09/16/19
09/16
16:38
09/16/19
16:38
Syndicate
Shopify files to sell 1.9M Class A subordinate voting shares »

The offering will be led…

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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  • 18

    Sep

KTOV

Kitov Pharmaceuticals

$0.81

-0.003 (-0.37%)

16:37
09/16/19
09/16
16:37
09/16/19
16:37
Syndicate
Kitov Pharmaceuticals files to sell 2.81M ADSs for holders »

These American Depositary…

03/08/13
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03/06/13
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03/06/13
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DRQ

Dril-Quip

$55.40

3.36 (6.46%)

16:37
09/16/19
09/16
16:37
09/16/19
16:37
Hot Stocks
Dril-Quip discloses termination of Ca Rong Do project, maintains guidance »

Dril-Quip announced that…

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03/06/13
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WOW

WideOpenWest

$6.24

0.325 (5.49%)

16:36
09/16/19
09/16
16:36
09/16/19
16:36
Hot Stocks
WOW! names Bill Case CIO, announces departure of CTO Bell »

WOW! Internet, Cable…

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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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XLRN

Acceleron

$44.67

0.75 (1.71%)

16:35
09/16/19
09/16
16:35
09/16/19
16:35
Hot Stocks
Acceleron announces ACE-083 trial does not meet secondary endpoints »

Acceleron announced that…

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

    Oct

  • 17

    Oct

  • 04

    Dec

  • 04

    Apr

DMTK

DermTech

$5.80

-0.18 (-3.01%)

16:34
09/16/19
09/16
16:34
09/16/19
16:34
Hot Stocks
DermTech names Kevin Sun CFO »

DermTech announced that…

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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LDOS

Leidos

$86.22

0.38 (0.44%)

16:32
09/16/19
09/16
16:32
09/16/19
16:32
Hot Stocks
Leidos awarded $428M ISR support services contract from U.S. Army »

Leidos has been awarded a…

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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SAIC

SAIC

$83.81

-0.39 (-0.46%)

16:31
09/16/19
09/16
16:31
09/16/19
16:31
Hot Stocks
SAIC awarded $85M contract to provide IT services to city of Anaheim, CA »

Science Applications…

03/08/13
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03/06/13
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03/06/13
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EHC

Encompass Health

16:31
09/16/19
09/16
16:31
09/16/19
16:31
Initiation
Encompass Health initiated  »

Encompass Health…

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03/08/13
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03/06/13
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  • 16

    Sep

  • 19

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SEM

Select Medical

$16.97

0.01 (0.06%)

16:31
09/16/19
09/16
16:31
09/16/19
16:31
Initiation
Select Medical initiated  »

Select Medical initiated…

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  • 15

    Oct

  • 16

    Oct

AMED

Amedisys

$130.73

-2.13 (-1.60%)

16:31
09/16/19
09/16
16:31
09/16/19
16:31
Initiation
Amedisys initiated  »

Amedisys initiated with a…

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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  • 16

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  • 18

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  • 19

    Sep

  • 13

    Nov

16:30
09/16/19
09/16
16:30
09/16/19
16:30
Options
Preliminary option volume of 19.0M today »

Preliminary option volume…

CME

CME Group

$207.01

1.26 (0.61%)

16:29
09/16/19
09/16
16:29
09/16/19
16:29
Initiation
CME Group initiated  »

CME Group initiated with…

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  • 17

    Sep

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PBH

Prestige Brands

$34.97

-1.03 (-2.86%)

16:27
09/16/19
09/16
16:27
09/16/19
16:27
Conference/Events
Prestige Brands management to meet with Jefferies »

Meeting to be held in…

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  • 17

    Sep

CBOE

Cboe Global Markets

$110.75

-0.11 (-0.10%)

16:27
09/16/19
09/16
16:27
09/16/19
16:27
Initiation
Cboe Global Markets initiated  »

Cboe Global Markets…

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FNKO

Funko

$27.86

0.47 (1.72%)

16:26
09/16/19
09/16
16:26
09/16/19
16:26
Syndicate
Funko files to sell 4M shares of Class A common stock for holders »

J.P. Morgan is acting as…

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CURO

Curo Group

$15.28

-0.045 (-0.29%)

16:25
09/16/19
09/16
16:25
09/16/19
16:25
Conference/Events
Curo Group management to meet with Jefferies »

Meeting to be held in New…

03/08/13
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03/06/13
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  • 17

    Sep

  • 20

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  • 13

    Nov

ICE

IntercontinentalExchange

$91.88

1.05 (1.16%)

16:25
09/16/19
09/16
16:25
09/16/19
16:25
Initiation
IntercontinentalExchange initiated  »

IntercontinentalExchange…

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03/06/13
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  • 31

    Oct

CME

CME Group

$207.01

1.26 (0.61%)

16:23
09/16/19
09/16
16:23
09/16/19
16:23
Conference/Events
CME Group management to meet with Jefferies »

Meetings to be held in…

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03/06/13
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  • 17

    Sep

  • 18

    Sep

  • 19

    Sep

USB

U.S. Bancorp

$55.86

-0.21 (-0.37%)

16:23
09/16/19
09/16
16:23
09/16/19
16:23
Hot Stocks
U.S. Bancorp director David O'Maley sells over $565K in shares of company stock »

U.S. Bancorp director…

03/08/13
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03/06/13
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  • 16

    Oct

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