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AMTD

TD Ameritrade

$37.85

1.06 (2.88%)

, CDNS

Cadence Design

$66.73

1.13 (1.72%)

12:59
10/21/19
10/21
12:59
10/21/19
12:59

Notable companies reporting after market close

Notable companies reporting after the market close, with earnings consensus, include TD Ameritrade (AMTD), consensus 98c... Cadence Design (CDNS), consensus 51c... Celanese (CE), consensus $2.51... Zions Bancorp (ZION), consensus $1.08.

AMTD

TD Ameritrade

$37.85

1.06 (2.88%)

CDNS

Cadence Design

$66.73

1.13 (1.72%)

CE

Celanese

$122.11

0.44 (0.36%)

ZION

Zions Bancorp

$45.40

0.68 (1.52%)

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    Oct

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    Nov

  • 19

    Nov

AMTD TD Ameritrade
$37.85

1.06 (2.88%)

10/09/19
DBAB
10/09/19
NO CHANGE
DBAB
Hold
Deutsche sees 'major' M&A as potential path for E-Trade, Ameritrade
Charles Schwab's (SCHW) move to cut trade commissions to zero is likely to spur business model changes at TD Ameritrade (AMTD) and E-Trade Financial (ETFC), Deutsche Bank analyst Brian Bedell tells investors in a research note. Instead of managing "persistent" revenue declines, management teams should seek to leverage their strong operating platforms and loyal customer base into a more diversified retail financial service offering that includes online banking, digital wealth management and investment advisory, argues the analyst. This may require "major" M&A for E-Trade and Ameritrade, while Schwab can likely augment its wider range of offerings organically or via smaller bolt on deals, says Bedell. He still views Ameritrade as the "most efficient acquirer" of E-Trade, but finds it no longer clear that the combination "would create a broad enough financial services offering for the new revenue paradigm." One alternative idea could be an E-Trade combination with a digital banking and wealth management platform, says the analyst, who analyzed a potential merger with Goldman Sachs (GS). Bedell also wonders if Ameritrade will eventually explore strategic alternatives or if 43% owner TD Bank (TD) will eventually seek to acquire a much larger controlling stake in the company.
10/14/19
SBSH
10/14/19
DOWNGRADE
SBSH
Sell
TD Ameritrade downgraded to Sell from Neutral at Citi
10/14/19
SBSH
10/14/19
DOWNGRADE
Target $27
SBSH
Sell
TD Ameritrade downgraded to Sell from Neutral at Citi
Citi analyst William Katz downgraded TD Ameritrade to Sell from Neutral with a price target of $27, down from $35.50. The analyst expects "another leg down" in the shares given the commission wars among the electric brokers that he believes is not fully factored into the stock. TD Ameritrade's business model now has greater cyclicality, which warrants a low price-to-earnings multiple, Katz tells investors in a research note. The analyst adds that while a potential buyout "seems potent on paper," he sees low visibility on such a deal.
10/14/19
SBSH
10/14/19
NO CHANGE
SBSH
Citi opens '30-Day Negative Catalyst Watch' on Waddell & Reed
Citi analyst William Katz opened a "30-Day Negative Catalyst Watch" for Sell-rated Waddell & Reed (WDR) and initiated a "90-Day Positive Catalyst Watch" on Buy-rated Carlyle Group (CG). He also initiated a "Persistent Existentialism" pair trade, or overweight Charles Schwab (SCHW) and underweight TD Ameritrade (AMTD), a stock he downgraded this morning to Sell from Neutral. Into the Q3 earnings season, the analyst lowered his 12-month price targets for the Brokers and Asset Managers to reflect a combination of lower target multiples and reduced earnings prospects.
CDNS Cadence Design
$66.73

1.13 (1.72%)

09/23/19
BOFA
09/23/19
INITIATION
Target $171
BOFA
Buy
Synopsys resumed with a Buy at BofA/Merrill
BofA/Merrill analyst Adam Gonzalez resumed coverage of Synopsys (SNPS) with a Buy rating and a Street-high price target of $171, citing the company's position as a leading supplier of chip/electronic design automation software, hardware and intellectual property. The analyst adds that Synopys has expanded beyond its chip design core business to "growth-enhancing" enterprise software security, which he believes can propel its revenue growth rate to 200bps above that of Cadence Design (CDNS) over the next 3 years.
10/11/19
WELS
10/11/19
UPGRADE
Target $80
WELS
Outperform
Cadence Design upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Gary Mobley upgraded Cadence Design to Outperform from Market Perform with an $80 price target.
10/11/19
WELS
10/11/19
UPGRADE
Target $80
WELS
Outperform
Cadence Design upgraded to Outperform following pullback at Wells Fargo
As previously reported, Wells Fargo analyst Gary Mobley upgraded Cadence Design (CDNS) to Outperform from Market Perform following the stock's recent selloff and underperformance compared to peers Synopsys (SNPS) and Ansys (ANSS). He has raised his "Street-high" FY21 estimates based on his belief that the company should see initial revenue from its recent launch of two new products for the systems analysis market, Clarity and Celsius, the analyst noted. Diversification is key for Cadence given that the company, along with Synopsys, already have nearly 70% market share in the EDA software tools market, Mobley added in his upgrade note. He raised his price target on Cadence shares to $80, up from $70.
09/23/19
BOFA
09/23/19
INITIATION
Target $73
BOFA
Neutral
Cadence Design initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Adam Gonzalez initiated Cadence Design with a Neutral and $73 price target citing limited operating leverage and fair valuatin.
CE Celanese
$122.11

0.44 (0.36%)

10/15/19
WELS
10/15/19
INITIATION
Target $140
WELS
Outperform
Celanese initiated with an Outperform at Wells Fargo
Wells Fargo analyst Michael Sison initiated coverage of Celanese with an Outperform rating and $140 price target.
10/11/19
RHCO
10/11/19
NO CHANGE
Target $108
RHCO
Hold
SunTrust sees 'lackluster' September quarter results from chemical companies
SunTrust analyst James Sheehan tells investors in a research note that he expects chemical companies to report in-line to below-consensus Q3 results driven by the trade war, slowing GDP in Europe, weak automotive and manufacturing end markets, loosening supply/demand for certain commodity product chains and FX headwinds. Looking ahead, the analyst sees "cautious" commentary for Q4 given the lack of end market acceleration and continued USD strength. The analyst lowered his price target for Chemours (CC) to $16 from $14, for Dow Inc (DOW) to $46 from $52, for Corteva (CTVA) to $28 from $30, for DuPont (DD) to $68 from $75, for Eastman Chemical (EMN) to $75 from $80, for Element Solutions (ESI) to $10 from $11, for Kraton (KRA) to $24 from $33 and for Kronos Worldwide (KRO) to $12 from $13. Sheehan raised his price target for Celanese (CE) to $120 from $108.
10/08/19
DBAB
10/08/19
NO CHANGE
DBAB
Hold
Celanese breakup largely priced into shares, says Deutsche Bank
Deutsche Bank analyst David Begleiter says Bloomberg's report last night that Celanese is undergoing a strategic review that could include a breakup of the company is not a complete surprise. Celanese management has been quite open over the past 18 months on their desire to do a tax-efficient transaction with its Engineered Materials business and DuPont's Transportation & Industrial segment, Begleiter tells investors in a research note. As a result, the analyst believes a breakup is largely priced in at current share levels. He keeps a Hold rating on Celanese.
10/15/19
WELS
10/15/19
INITIATION
Target $140
WELS
Outperform
Celanese initiated with an Outperform at Wells Fargo
Wells Fargo analyst Michael Sison initiated coverage of Celanese with an Outperform rating and $140 price target. The company can keep earnings at a "solid level" despite a tougher external environment where its operating model for acetyl chain and engineered materials remain underappreciated, Sison tells investors in a research note. Further, the analyst believes Celanese still has optionality for a "transformative transaction" to drive further shareholder value.
ZION Zions Bancorp
$45.40

0.68 (1.52%)

09/12/19
RHCO
09/12/19
NO CHANGE
Target $50
RHCO
Buy
Zions Bancorp price target lowered to $50 from $52 at SunTrust
SunTrust analyst Jennifer Demba lowered her price target on Zions Bancorp to $50 after the company reduced its net interest income expectations over the coming 12 months to "slightly decreasing" from "stable" at the Barclays conference earlier this week. The analyst also lowers her FY19 and FY20 EPS views by 3c and 12c to $4.27 and $4.47 respectively but keeps her Buy rating on the stock, saying that better expense control by Zions management should help offset the reductions.
09/24/19
MSCO
09/24/19
NO CHANGE
MSCO
Large-cap banks aren't gaining deposit market share, says Morgan Stanley
Morgan Stanley analyst Ken Zerbe said he continues to hear the "false narrative" that large-cap banks must be gaining market share due to their superior technology, but he insists they are not and that small and mid-cap banks have consistently gained deposit market share over the last five years. Individual large-cap banks that have had the biggest deposit share gains include Goldman Sachs (GS), Ally Financial (ALLY) and Synchrony Financial (SYF), while mid-cap banks that have delivered the biggest gains in share of total deposits include First Republic (FRC), KeyCorp (KEY) and Huntington (HBAN), Zerbe tells investors. Large-cap banks that have seen the largest declines in their respective individual shares of total deposits include JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C), while deposit share losers among mid-cap banks include Comerica (CMA), Prosperity Bancshares (PB) and Zions (ZION), said Zerbe.
10/08/19
JEFF
10/08/19
DOWNGRADE
Target $46
JEFF
Hold
Zions Bancorp downgraded to Hold from Buy at Jefferies
Jefferies analyst Ken Usdin downgraded Zions Bancorp to Hold from Buy with a price target of $46, down from $51.
10/08/19
JEFF
10/08/19
NO CHANGE
JEFF
Jefferies changes five bank ratings after looking into 2020, 2021
Jefferies analyst Ken Usdin upgraded BB&T (BBT), SunTrust Banks (STI) and Regions Financial (RF) to Buy from Hold from Hold while downgrading M&T Bank (MTB) and Zions Bancorp (ZION) to Hold from Buy. Looking to 2020 and 2021, banks face slowing earnings growth and "ongoing sentiment hurdles," Usdin tells investors in a research note. The analyst's base case assumes a stable economy, but he notes that "trade talk could tip it either way." Further, the 2020 election could weigh not only on valuation multiples, but also on earnings estimates based on the regulatory outlook, adds the analyst. He believes attractive dividend yields and a shift toward value stocks could help, but admits that earnings revisions are biased down with more rate cuts likely. Regions "has led the pack" in protecting its net interest margin for a tougher rates environment, while BB&T has less downside to estimates relative to peers and a faster earnings growth rate given benefits from the pending merger-of-equals with SunTrust, contends Usdin.

TODAY'S FREE FLY STORIES

DXC

DXC Technology

$29.39

-0.69 (-2.29%)

17:40
11/11/19
11/11
17:40
11/11/19
17:40
Hot Stocks
Breaking Hot Stocks news story on DXC Technology »

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  • 11

    Nov

FLNT

Fluent

$2.54

0.11 (4.53%)

17:40
11/11/19
11/11
17:40
11/11/19
17:40
Hot Stocks
Fluent drops over 22% after reporting Q3 results, lowers FY19 revenue view »

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LYV

Live Nation

$64.47

1.31 (2.07%)

17:38
11/11/19
11/11
17:38
11/11/19
17:38
Upgrade
Live Nation rating change  »

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DXC

DXC Technology

$29.39

-0.69 (-2.29%)

17:38
11/11/19
11/11
17:38
11/11/19
17:38
Hot Stocks
DXC Technology to pursue strategic alternatives for three businesses »

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  • 11

    Nov

FLNT

Fluent

$2.54

0.11 (4.53%)

17:38
11/11/19
11/11
17:38
11/11/19
17:38
Earnings
Fluent lowers FY19 revenue view to $87M-$88M from $93M-$98M »

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  • 11

    Nov

HBM

Hudbay Minerals

$3.66

-0.09 (-2.40%)

17:36
11/11/19
11/11
17:36
11/11/19
17:36
Earnings
Hudbay Minerals reports Q3 EPS ($1.05), consensus 18cc »

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  • 12

    Nov

FLNT

Fluent

$2.54

0.11 (4.53%)

17:34
11/11/19
11/11
17:34
11/11/19
17:34
Earnings
Fluent reports Q3 EPS (1c), consensus 2c »

Reports Q3 revenue…

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  • 11

    Nov

MDGL

Madrigal Pharmaceuticals

$103.57

0.78 (0.76%)

17:34
11/11/19
11/11
17:34
11/11/19
17:34
Hot Stocks
Madrigal announces publication of 'positive' Phase 2 results for resmetirom »

Madrigal Pharmaceuticals…

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KINS

Kingstone Companies

$8.72

-0.04 (-0.46%)

17:32
11/11/19
11/11
17:32
11/11/19
17:32
Earnings
Kingstone Companies reports Q3 EPS (23c), two estimates 28c »

Reports Q3 net written…

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  • 12

    Nov

KEM

Kemet

$23.03

-0.51 (-2.17%)

17:32
11/11/19
11/11
17:32
11/11/19
17:32
Earnings
Kemet sees Q3 revenue down 8%-13% sequentially, consensus $323.97M »

CEO, William Lowe Jr.…

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  • 12

    Nov

KEM

Kemet

$23.03

-0.51 (-2.17%)

17:31
11/11/19
11/11
17:31
11/11/19
17:31
Earnings
Kemet reports Q2 adjusted EPS 66c, consensus 66c »

Reports Q2 revenue…

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  • 12

    Nov

NTZ

Natuzzi

$1.70

0.1 (6.25%)

17:21
11/11/19
11/11
17:21
11/11/19
17:21
Hot Stocks
Natuzzi Chief Commercial Officer Nazzario Pozzi departs »

Natuzzi announced that…

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  • 02

    Dec

UGI

UGI Corporation

$46.21

-0.35 (-0.75%)

17:18
11/11/19
11/11
17:18
11/11/19
17:18
Earnings
Breaking Earnings news story on UGI Corporation »

UGI Corporation sees FY20…

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  • 12

    Nov

UGI

UGI Corporation

$46.21

-0.35 (-0.75%)

17:17
11/11/19
11/11
17:17
11/11/19
17:17
Earnings
UGI Corporation reports Q4 EPS (27c), consensus (4c) »

Reports Q4 revenue…

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  • 12

    Nov

GOOG

Alphabet

$1,298.76

-10.6 (-0.81%)

, GOOGL

Alphabet Class A

$1,297.98

-10 (-0.76%)

17:05
11/11/19
11/11
17:05
11/11/19
17:05
Periodicals
State AGs gather in Colorado to go over Google antitrust probe, Reuters says »

State attorneys general…

GOOG

Alphabet

$1,298.76

-10.6 (-0.81%)

GOOGL

Alphabet Class A

$1,297.98

-10 (-0.76%)

FB

Facebook

$189.57

-1.29 (-0.68%)

03/08/13
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03/06/13
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FNV

Franco-Nevada

$95.70

0.09 (0.09%)

17:03
11/11/19
11/11
17:03
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17:03
Hot Stocks
Franco-Nevada reports 133,219 Gold Equivalent Ounces sold in Q3 »

"Franco-Nevada's…

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  • 12

    Nov

FNV

Franco-Nevada

$95.70

0.09 (0.09%)

17:02
11/11/19
11/11
17:02
11/11/19
17:02
Earnings
Franco-Nevada reports Q3 EPS 54c, may not compare to consensus 27c »

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  • 12

    Nov

ENR

Energizer

$43.11

-0.265 (-0.61%)

16:55
11/11/19
11/11
16:55
11/11/19
16:55
Hot Stocks
Energizer appoints new CFO, Chief Legal Officer, and Chief Accounting Officer »

Energizer Holdings…

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  • 13

    Nov

  • 21

    Nov

LYV

Live Nation

$64.47

1.31 (2.07%)

16:52
11/11/19
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16:52
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BUD

AB InBev

$78.70

0.22 (0.28%)

, BREW

Craft Brew

$7.33

0.06 (0.83%)

16:51
11/11/19
11/11
16:51
11/11/19
16:51
Hot Stocks
Anheuser-Busch to buy remaining Craft Brew Alliance stake for $16.50 per share »

Today, Craft Brew…

BUD

AB InBev

$78.70

0.22 (0.28%)

BREW

Craft Brew

$7.33

0.06 (0.83%)

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  • 12

    Nov

  • 13

    Nov

  • 27

    Feb

CHAP

Chaparral Energy

$0.90

0.089 (10.99%)

16:47
11/11/19
11/11
16:47
11/11/19
16:47
Earnings
Chaparral Energy reports Q3 EPS ($2.86), consensus 2c »

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  • 12

    Nov

DXC

DXC Technology

$29.39

-0.69 (-2.29%)

16:43
11/11/19
11/11
16:43
11/11/19
16:43
Hot Stocks
DXC Technology says will pursue strategic alternatives for adjacent business »

In Q2 presentation…

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  • 11

    Nov

DXC

DXC Technology

$29.39

-0.69 (-2.29%)

16:41
11/11/19
11/11
16:41
11/11/19
16:41
Earnings
DXC Technology cuts FY20 EPS view to $5.25-$5.75 from $7.00-$7.75 »

Consensus $7.17. Cuts…

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  • 11

    Nov

LONE

Lonestar Resources

$2.88

0.08 (2.86%)

16:35
11/11/19
11/11
16:35
11/11/19
16:35
Hot Stocks
Lonestar sees Q4 production 17,200-17,600 BOE/d »

Lonestar has issued…

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  • 12

    Nov

NFE

New Fortress Energy

$15.86

-0.88 (-5.26%)

16:34
11/11/19
11/11
16:34
11/11/19
16:34
Earnings
New Fortress Energy reports Q3 EPS (30c), consensus (16c) »

Reports Q3 revenue…

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  • 12

    Nov

  • 04

    Dec

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