Breaking News Instant updates and real-time market news.

AAPL

Apple

$230.09

3.12 (1.37%)

, AMD

AMD

$28.40

-0.06 (-0.21%)

08:55
10/11/19
10/11
08:55
10/11/19
08:55

Notable open interest changes for October 11th

Thursday's total option volume of 17.3 million contracts resulted in net open interest growth of 2.49 million calls and 2.49 million puts. Apple (AAPL), Advanced Micro (AMD), Vale (VALE) and Freeport McMoRan (FCX) saw the greatest growth. Top five new positions opened include 30k Vale (VALE) Nov-19 12 calls, 25k Southwestern Energy (SWN) Nov-19 1.5 puts, 22k Encana (ECA) Nov-19 4 calls, 20k US Steel (X) Dec-19 6 puts and 20k Gerdau (GGB) Jan-21 3 puts.

AAPL

Apple

$230.09

3.12 (1.37%)

AMD

AMD

$28.40

-0.06 (-0.21%)

VALE

Vale

$11.42

0.315 (2.84%)

FCX

Freeport McMoRan

$8.92

0.42 (4.94%)

  • 23

    Oct

  • 30

    Oct

  • 06

    Nov

  • 07

    Nov

  • 20

    Nov

AAPL Apple
$230.09

3.12 (1.37%)

10/10/19
COWN
10/10/19
NO CHANGE
Target $250
COWN
Outperform
Apple iPhone 11 demand positive since launch, says Cowen
Cowen analyst Krish Sankar said initial demand for the Apple iPhone 11 appears healthy since its launch and a potential low-cost SE2 model in the first half of 2020 increases the prospect of iPhone unit growth in 2020. The analyst said his sensitivity analysis suggests the sale of 70M units could drive upside to earnings by as much as 9.0% in the December quarter while 25M SE2 units could be slightly dilutive.to +4.0% accretive in 2020. Sankar reiterated his Outperform rating and $250 price target on Apple shares.
10/10/19
LBOW
10/10/19
UPGRADE
Target $260
LBOW
Buy
Longbow upgrades Apple to Buy on better than forecast demand for new iPhones
As previously reported, Longbow analyst Shawn Harrison upgraded Apple to Buy from Neutral with a $260 price target. His contacts, who previously gave him initial conservative forecasts for up to a 10% year-over-year decline in iPhone production in the calendar third quarter, now see flat production in the period of Apple's fiscal fourth quarter, Harrison tells investors. He estimate the iPhone 11 comprises approximately 50% of new model production and his contacts now see fiscal Q1 year-over-year growth in iPhone shipments of potentially 10% or more, Harrison stated. He also calls out Apple suppliers Skyworks (SWKS), Qorvo (QRVO) and Broadcom (AVGO) as those he covers that are best positioned to see upside based on better than expected iPhone production.
10/10/19
10/10/19
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) upgraded to Buy from Neutral at Longbow with analyst Shawn Harrison saying his contacts, who previously gave him initial conservative forecasts for up to a 10% year-over-year decline in iPhone production in the calendar third quarter, now see flat production in the period of Apple's fiscal fourth quarter. 2. Qorvo (QRVO) and Skyworks (SWKS) upgraded to Outperform from Market Perform at Cowen. 3. Allegheny Technologies (ATI) upgraded to Buy from Neutral at Goldman Sachs with analyst Matthew Korn saying Allegheny is one of few stocks in the sector with sales growth that does not depend on a commodity price recovery. 4. Bed Bath & Beyond (BBBY) upgraded to Outperform from Market Perform at Telsey Advisory. 5. Morgan Stanley (MS) upgraded to Buy from Hold at Sandler O'Neill with analyst Jeffery Harte 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.
10/11/19
WEDB
10/11/19
NO CHANGE
Target $265
WEDB
Outperform
Apple price target raised to $265 from $245 at Wedbush
Wedbush analyst Daniel Ives raised his price target for Apple shares to $265 from $245, citing his increased confidence in the company's streaming initiative ahead of the official launch of Apple TV+ on November 1, coupled with signs of improving iPhone 11 demand. Given its installed base of about 900M active iPhones worldwide, and the "show stopping" low price for its streaming TV service of $4.99 per month, Ives believes Apple has an opportunity to gain 100M streaming consumers in the next 3-4 years, he tells investors. He keeps an Outperform rating on Apple shares.
AMD AMD
$28.40

-0.06 (-0.21%)

09/30/19
SUSQ
09/30/19
NO CHANGE
SUSQ
China macro improves as tech independence accelerates, says Susquehanna
Susquehanna analyst Christopher Rolland said his trip to Asia revealed an improving macro environment as china accelerates its plans for technological independence. The analyst noted CPU shortages at both Intel (INTC) and AMD (AMD) as well as expectations for an (AAPL) Apple iPhones sales peak expected in October.
09/30/19
NOMU
09/30/19
NO CHANGE
NOMU
Nomura Instinet still cautious on semiconductors after Micron report
Micron Technology (MU) last week provided November quarter guidance for a 37% year-over-year decline in sales and a further drop in gross margin, to 25.5%, Nomura Instinet analyst David Wong tells investors in a research note titled "Little Evidence of Recovery Yet." Further, August global chip shipment data showed a continuing year-over-year decline in the mid- to high-teens range, adds the analyst. Wong remains cautious on the semiconductor and semiconductor equipment industry overall.
09/24/19
WEDB
09/24/19
NO CHANGE
Target $245
WEDB
Outperform
Apple makes 'smart poker move' with Austin shift, says Wedbush
Wedbush analyst Daniel Ives notes that Apple (AAPL) announced that it will commit to building its redesigned Mac Pro in Austin, Texas after securing tariff exemption on a majority of its requests, including partially assembled main circuit boards and graphics cards which contain chips from Intel (INTC), Nvidia (NVDA), and AMD (AMD). The analyst believes "this is an example of smart and strategic balanced production" from Apple and should be viewed as a move in good faith heading into the December 15th possibility of the additional 10% tariff on the $300B of Chinese goods. On the supply chain, Ives thinks Apple is aggressively looking at alternative options within the supply chain around moving 5%-7% of iPhone production to India and/or Vietnam, away from China, which would in a best case scenario be ready to roll 18 months from now. The analyst believes the China overhang has resulted in a $20-$25 hit to Apple's stock, and would be a buyer of Apple stock. Ives reiterates an Outperform rating and $245 price target on the shares.
09/20/19
MZHO
09/20/19
NO CHANGE
MZHO
Mizuho checks indicate computer CPU and GPUs are trending better
Mizuho analyst Vijay Rakesh says his channel checks indicate computer CPU and GPUs are trending better in Q3 with new product launches, but also some pull-ins ahead of potential Q4 tariffs. The analyst believes Intel (INTC) is "opportunistically and aggressively" pricing its i3 processor, although he expects AMD (AMD) to pick up some share into year-end. In data center, Rakesh believes AMD's ramp could be slowed by price competition and testing. The analyst also remains positive on Western Digital (WDC) and Micron Technology (MU) into earnings, citing better pricing and PC trends. He maintains Buy ratings on Intel and Nvidia (NVDA, and a Neutral on rating AMD.
VALE Vale
$11.42

0.315 (2.84%)

09/05/19
EXAN
09/05/19
UPGRADE
EXAN
Neutral
Vale upgraded to Neutral from Underperform at Exane BNP Paribas
09/05/19
EXAN
09/05/19
UPGRADE
EXAN
Norilsk Nickel, Rio Tinto, Vale upgraded at Exane BNP Paribas
Exane BNP Paribas upgraded Norilsk Nickel (NILSY) to Outperform and also upgraded Rio Tinto (RIO) and Vale (VALE) to Market Perform as part of the broader research note, saying he prefers Norilsk Nickel to reflect the positive trends expected for base metals in the later part of the year. The analyst also attributes his rating change for Rio Tinto and Vale to valuation following the correction in their stock prices, even though he warns that the tightening of property developers' funding in China makes him cautious on the iron ore exposure. As part of the research note, BHP (BHP) was also downgraded to Underperform because of its "lowest free cash flow yield" in the analyst's coverage and its expected negative earnings growth until FY22.
09/10/19
MACQ
09/10/19
UPGRADE
MACQ
Outperform
Vale upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Grant Sporre upgraded Valeto Outperform from Neutral.
09/10/19
MACQ
09/10/19
UPGRADE
Target $14.4
MACQ
Outperform
Macquarie upgrades Vale to Outperform with 'peak uncertainty' behind company
Macquarie analyst Grant Sporre upgraded Valeto Outperform from Neutral with a 12-month price target of $14.40. Following the Brumadinho tailings dam failure, Vale has been the worst performer relative to its commodity peers, Sporre tells investors in a research note. After eight months, however, the company has been able to quantify the financial impact and has benefited from an iron ore windfall cash bonus, contends the analyst. As such, he believes "peak uncertainty" is now behind Vale with remediation costs quantified and iron ore production and shipments recovering.
FCX Freeport McMoRan
$8.92

0.42 (4.94%)

07/24/19
07/24/19
UPGRADE
Target $14

Sector Perform
Freeport McMoRan upgraded to Sector Perform at RBC Capital on copper view
As previously reported, RBC Capital analyst Sam Crittenden upgraded Freeport McMoRan to Sector Perform and raised his price target to $14 from $12. The analyst says he is turning more "cautiously optimistic" on copper heading into 2020 and believes the stock could follow that rally. Crittenden adds that while risks around the transition to block caving at Grasberg remain, some "solid progress" has been made thus far.
07/25/19
07/25/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. UPS (UPS) upgraded to Buy from Neutral at BofA/Merrill with analyst Ken Hoexter saying the "e-commerce revolution" continues to drive airfreight industry growth. 2. AT&T (T) upgraded to Neutral from Underperform at Credit Suisse with analyst Douglas Mitchelson saying he believes video subscriber losses peaked in Q2/Q3 and he does not see risk to consensus 2019 estimates. Additionally, AT&T's valuation is supported by its 6.1% dividend yield, said Mitchelson. 3. Freeport McMoRan (FCX) upgraded to Sector Perform from Underperform at RBC Capital with analyst Sam Crittenden saying he is turning more "cautiously optimistic" on copper heading into 2020 and believes the stock could follow that rally. 4. Activision Blizzard (ATVI) upgraded to Buy from Neutral at BofA/Merrill with analyst Ryan Gee saying the stock is on the "verge of inflection" after a period of investment in people and content set up its "potent" content slate. 5. Etsy (ETSY) upgraded to Buy from Neutral at BTIG with analyst Marvin Fong saying a number of new catalysts has led to a "meaningful" increase in its intrinsic value. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/20/19
EXAN
09/20/19
INITIATION
Target $13.2
EXAN
Outperform
Freeport McMoRan initiated with an Outperform at Exane BNP Paribas
Exane BNP Paribas started Freeport McMoRan with an Outperform rating and $13.20 price target.
10/10/19
UBSW
10/10/19
UPGRADE
Target $12
UBSW
Buy
Freeport McMoRan upgraded to Buy from Neutral at UBS
UBS analyst Andreas Bokkenheuser upgraded Freeport McMoRan to Buy from Neutral with a price target of $12, down from $13. The analyst believes the market is overly focused on lower near-term copper prices versus the company's growth trajectory. Bokkenheuser, who lowered his copper estimates, believes Freeport is oversold at current share levels. The company's "disproportionally high" gold exposure and 10% annual production growth should drive outperformance relative to peers, contends the analyst.

TODAY'S FREE FLY STORIES

IRM

Iron Mountain

$32.64

-0.135 (-0.41%)

12:35
10/16/19
10/16
12:35
10/16/19
12:35
Options
Iron Mountain put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Oct

  • 12

    Nov

AMZN

Amazon.com

$1,776.00

7.3 (0.41%)

12:33
10/16/19
10/16
12:33
10/16/19
12:33
Hot Stocks
U.K.'s CMA announces formal investigation of Amazon's Deliveroo investment »

The Competition and…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Oct

  • 24

    Oct

  • 27

    Oct

  • 29

    Oct

  • 21

    Nov

NBEV

New Age Beverages

$2.73

(0.00%)

12:32
10/16/19
10/16
12:32
10/16/19
12:32
Hot Stocks
New Age Beverages says on Twitter that 'big news coming' for Nestea »

The official Twitter…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

12:30
10/16/19
10/16
12:30
10/16/19
12:30
General news
FX Action: USD-JPY »

FX Action: USD-JPY topped…

NWL

Newell Brands

$19.31

0.14 (0.73%)

12:25
10/16/19
10/16
12:25
10/16/19
12:25
Options
Newell Brands call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GM

General Motors

$37.04

0.77 (2.12%)

12:18
10/16/19
10/16
12:18
10/16/19
12:18
Hot Stocks
General Motors confirms UAW's statement regarding proposed tentative agreement »

GM said in a statement:…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
10/16/19
10/16
12:17
10/16/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
10/16/19
10/16
12:16
10/16/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PLAN

Anaplan

$44.40

-3.33 (-6.98%)

12:15
10/16/19
10/16
12:15
10/16/19
12:15
Options
Anaplan put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 17

    Oct

MCK

McKesson

$146.86

8.69 (6.29%)

, ABC

AmerisourceBergen

$87.62

4.44 (5.34%)

12:11
10/16/19
10/16
12:11
10/16/19
12:11
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks continue in a…

MCK

McKesson

$146.86

8.69 (6.29%)

ABC

AmerisourceBergen

$87.62

4.44 (5.34%)

CAH

Cardinal Health

$49.76

1.83 (3.82%)

JNJ

Johnson & Johnson

$136.44

3.6 (2.71%)

TEVA

Teva

$7.33

0.37 (5.32%)

GM

General Motors

$37.14

0.87 (2.40%)

UAL

United Airlines

$90.00

2.1 (2.39%)

BA

Boeing

$376.35

5.36 (1.44%)

BAC

Bank of America

$30.38

0.64 (2.15%)

MGM

MGM Resorts

$27.47

-0.4 (-1.44%)

BX

Blackstone

$46.86

-0.24 (-0.51%)

ACHN

Achillion

$6.25

2.595 (71.00%)

ALXN

Alexion

$102.60

-2.245 (-2.14%)

SFIX

Stitch Fix

$22.00

1.17 (5.62%)

WDAY

Workday

$158.51

-22.33 (-12.35%)

SNBR

Sleep Number

$45.49

-1.2 (-2.57%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 16

    Oct

  • 16

    Oct

  • 16

    Oct

  • 16

    Oct

  • 19

    Oct

  • 22

    Oct

  • 23

    Oct

  • 23

    Oct

  • 23

    Oct

  • 23

    Oct

  • 29

    Oct

  • 30

    Oct

  • 30

    Oct

  • 06

    Nov

  • 07

    Nov

  • 07

    Nov

  • 07

    Nov

  • 12

    Nov

  • 12

    Nov

WB

Weibo

$52.17

2.85 (5.78%)

12:05
10/16/19
10/16
12:05
10/16/19
12:05
Options
Weibo call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

APHA

Aphria

$5.00

-0.41 (-7.58%)

12:00
10/16/19
10/16
12:00
10/16/19
12:00
Hot Stocks
Aphria falls -8.1% »

Aphria is down -8.1%, or…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Nov

NOW

ServiceNow

$251.40

-23.2 (-8.45%)

12:00
10/16/19
10/16
12:00
10/16/19
12:00
Hot Stocks
ServiceNow falls -8.3% »

ServiceNow is down -8.3%,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Oct

  • 12

    Dec

AVD

American Vanguard

$13.39

-1.87 (-12.25%)

12:00
10/16/19
10/16
12:00
10/16/19
12:00
Hot Stocks
American Vanguard falls -12.6% »

American Vanguard is down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Nov

  • 19

    Nov

  • 20

    Nov

HOV

Hovnanian

$28.26

2.2 (8.44%)

12:00
10/16/19
10/16
12:00
10/16/19
12:00
Hot Stocks
Hovnanian rises 8.2% »

Hovnanian is up 8.2%, or…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

OMI

Owens & Minor

$6.98

0.55 (8.55%)

12:00
10/16/19
10/16
12:00
10/16/19
12:00
Hot Stocks
Owens & Minor rises 8.2% »

Owens & Minor is up…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FIT

Fitbit

$3.75

0.305 (8.85%)

12:00
10/16/19
10/16
12:00
10/16/19
12:00
Hot Stocks
Fitbit rises 8.7% »

Fitbit is up 8.7%, or 30c…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GM

General Motors

$37.17

0.9 (2.48%)

11:57
10/16/19
10/16
11:57
10/16/19
11:57
Hot Stocks
UAW sends proposed tentative deal to UAW GM members to ratify »

Following five weeks of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Oct

PDCO

Patterson Companies

$17.42

0.09 (0.52%)

, HSIC

Henry Schein

$62.68

0.83 (1.34%)

11:55
10/16/19
10/16
11:55
10/16/19
11:55
Hot Stocks
Judge rules Patterson Companies violated U.S. antitrust laws in FTC complaint »

Chief Administrative Law…

PDCO

Patterson Companies

$17.42

0.09 (0.52%)

HSIC

Henry Schein

$62.68

0.83 (1.34%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    Nov

  • 12

    Dec

HSIC

Henry Schein

$62.41

0.56 (0.91%)

11:50
10/16/19
10/16
11:50
10/16/19
11:50
Hot Stocks
Judge dismisses FTC complaint against Henry Schein »

Chief Administrative Law…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    Nov

  • 12

    Dec

XLF

Financial Select Sector

$28.06

-0.02 (-0.07%)

11:50
10/16/19
10/16
11:50
10/16/19
11:50
Options
Upside call buyer in Financial Sector ETF tied to hedge »

Upside call buyer in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

IRBT

iRobot

$58.37

0.58 (1.00%)

11:48
10/16/19
10/16
11:48
10/16/19
11:48
Hot Stocks
SharkNinja says 'will aggressively defend' against iRobot patent suit »

SharkNinja announced that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Oct

  • 13

    Nov

RNET

RigNet

11:46
10/16/19
10/16
11:46
10/16/19
11:46
Initiation
RigNet initiated  »

RigNet initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ATNI

ATN International

11:46
10/16/19
10/16
11:46
10/16/19
11:46
Initiation
ATN International initiated  »

ATN International…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Oct

AGYS

Agilysys

$25.64

-0.67 (-2.55%)

11:46
10/16/19
10/16
11:46
10/16/19
11:46
Initiation
Agilysys initiated  »

Agilysys initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Oct

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.