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MMM

3M

$166.93

-0.63 (-0.38%)

10:55
10/23/19
10/23
10:55
10/23/19
10:55

3M put volume heavy and directionally bearish

Bearish flow noted in 3M with 5,424 puts trading, or 3x expected. Most active are Nov-19 172.5 calls and Nov-19 157.5 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.62, while ATM IV is up over 1 point on the day. Earnings are expected on October 24th.

  • 24

    Oct

MMM 3M
$166.93

-0.63 (-0.38%)

07/26/19
FBCO
07/26/19
NO CHANGE
Target $194
FBCO
Outperform
3M price target raised to $194 from $180 at Credit Suisse
Credit Suisse analyst John Walsh raised his price target for 3M to $194 from $180 and maintained an Outperform rating following better than expected Q2 results. In a research note to investors, Walsh says he thinks the stock can grind higher given an organic sales growth inflection in the second half, on easing year ago comparisons coupled with market stabilization, which supports a 13X EV/EBITDA valuation. He cautions that environmental liabilities remain an overhang, with updates expected in the first quarter of 2020 and later in 2020.
08/06/19
JPMS
08/06/19
NO CHANGE
Target $143
JPMS
Underweight
JPMorgan's Tusa cuts 3M target to $140, keeps Underweight on shares
JPMorgan analyst Stephen Tusa lowered his price target for 3M to $140 from $143 and keeps an Underweight rating on the shares. While headlines for the company's Q2 results "looked like a clear beat to low expectations," the internals of the quarter support a negative thesis, Tusa tells investors in a research note titled "The 'Model' Is Broken." 3M is "far from out of the woods" around its structural challenges, "which is an inability to grow both sales and margins, driven by a higher cost to serve the customer than in the past, unmasked when volumes decline," contends the analyst.
09/12/19
JPMS
09/12/19
NO CHANGE
JPMS
Underweight
3M spoke to trends at lower end of guidance, says JPMorgan's Tusa
3M at a conference yesterday did not explicitly guide lower but spoke to trends at the low end of the range versus previous guidance, JPMorgan analyst Stephen Tusa tells investors in a research note. The analyst says the comments are in the direction of his below-consensus view, while noting they refer to results through August. Notably, 3M guided to somewhat softer Q3 organic and China growth, with the CFO citing "more macro uncertainty" in today's environment, says Tusa. Further, the analyst believes 3M's commentary on its business transformation also reinforces his point of a lack of visibility around benefits following high levels of spending, with returns on these initiatives seemingly "hard to discern." Tusa keeps an Underweight rating on 3M shares.
10/07/19
GUGG
10/07/19
DOWNGRADE
Target $200
GUGG
Neutral
Guggenheim downgrades Align Technology on rising competition, sinking sentiment
As previously reported, Guggenheim analyst Glen Santangelo downgraded Align Technology (ALGN) to Neutral from Buy with a price target of $200, down from $250. Santangelo now believes that competition is more aggressive than he originally anticipated after his proprietary channel checks suggested that the technical and service capabilities of the competition, while still "not nearly as good" as Align, may be evolving faster than expected. Many of the established dental companies - such as Dentsply Sirona (XRAY), 3M (MMM), Envista (NVST) and Henry Schein (HSIC) - are offering clear aligners at discounted prices and making a big push in this area, while the direct-to-consumer model has attracted significant attention in the wake of the recent SmileDirectClub (SDC) IPO, Santangelo stated. In all, his view is that sentiment on Align will likely remain challenged until investors fully understand the impact of the new competitive landscape, which may take until later in 2020.

TODAY'S FREE FLY STORIES

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Disney

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DIS

Disney

$145.31

6.75 (4.87%)

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LANC

Lancaster Colony

$154.41

0.11 (0.07%)

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  • 13

    Nov

LANC

Lancaster Colony

$154.13

-0.17 (-0.11%)

14:31
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  • 13

    Nov

AXAS

Abraxas Petroleum

$0.29

-0.027 (-8.57%)

14:26
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Abraxas Petroleum says final decision on 2020 capital budget to be made later »

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AXAS

Abraxas Petroleum

$0.29

-0.027 (-8.57%)

14:26
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Earnings
Abraxas reports Q3 adjusted EPS 2c, consensus 3c »

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DBX

Dropbox

$19.14

0.24 (1.27%)

14:25
11/13/19
11/13
14:25
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14:25
Options
Dropbox call volume above normal and directionally bullish »

Bullish option flow…

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  • 19

    Nov

  • 21

    Nov

EBS

Emergent BioSolutions

$55.00

-0.31 (-0.56%)

14:25
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  • 13

    Nov

  • 21

    Nov

TTWO

Take-Two

$119.84

0.84 (0.71%)

, NVDA

Nvidia

$206.44

-3.11 (-1.48%)

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Take-Two

$119.84

0.84 (0.71%)

NVDA

Nvidia

$206.44

-3.11 (-1.48%)

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  • 13

    Nov

  • 14

    Nov

  • 20

    Nov

  • 21

    Nov

  • 06

    Jan

I

Intelsat

$14.71

-5.68 (-27.86%)

14:20
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Intelsat analyst commentary  »

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  • 10

    Dec

SQM

SQM

$23.75

-1.15 (-4.62%)

, ALB

Albemarle

$64.60

-0.68 (-1.04%)

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SQM

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$23.75

-1.15 (-4.62%)

ALB

Albemarle

$64.60

-0.68 (-1.04%)

LTHM

Livent

$7.50

-0.325 (-4.15%)

FMC

FMC Corporation

$96.16

-2.175 (-2.21%)

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  • 19

    Nov

  • 20

    Nov

  • 21

    Nov

  • 21

    Nov

  • 22

    Nov

  • 05

    Dec

  • 06

    Dec

  • 12

    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
11/13/19
11/13
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
11/13/19
11/13
14:16
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Technical Analysis
NYSE market internals summary »

Volume is above average…

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TEVA

Teva

$9.75

0.145 (1.51%)

14:10
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Options
134K contract put spread in Teva rolls puts into put spread »

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  • 07

    Dec

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$309.38

0.44 (0.14%)

14:03
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Periodicals
U.S., China trade talks hit snag over farm purchases, WSJ reports »

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S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$309.38

0.44 (0.14%)

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Archer Daniels

$42.85

-0.4 (-0.92%)

AGU

Agrium

$0.00

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CF

CF Industries

$46.61

-1.28 (-2.67%)

POT

Potash

$0.00

(0.00%)

ANDE

Andersons

$22.85

-0.36 (-1.55%)

SYT

Syngenta

$0.00

(0.00%)

BG

Bunge

$54.77

-0.99 (-1.78%)

IPI

Intrepid Potash

$2.24

-0.105 (-4.48%)

CMP

Compass Minerals

$55.53

-1.3 (-2.29%)

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  • 13

    Nov

  • 13

    Nov

  • 19

    Nov

KNX

Knight-Swift

$37.45

-0.445 (-1.17%)

14:00
11/13/19
11/13
14:00
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14:00
Options
Calls lead puts 50:1 in Knight Swift Transportation »

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  • 13

    Nov

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$309.35

0.41 (0.13%)

13:59
11/13/19
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13:59
11/13/19
13:59
Periodicals
Breaking Periodicals news story on S&P 500, SPDR S&P 500 ETF Trust »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$309.35

0.41 (0.13%)

03/08/13
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MLM

Martin Marietta

$256.47

1.18 (0.46%)

13:55
11/13/19
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13:55
Conference/Events
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  • 13

    Nov

  • 13

    Nov

13:55
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Conference/Events
House Judiciary Committee to hold a hearing »

The Subcommittee on…

DBX

Dropbox

$18.52

-0.38 (-2.01%)

13:52
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13:52
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Dropbox CEO Houston buys $9.57M worth of shares »

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  • 19

    Nov

  • 21

    Nov

13:45
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General news
Treasury Budget to be reported at 14:00 »

October Treasury Budget…

V

Visa

$179.40

-0.39 (-0.22%)

, MA

MasterCard

$277.91

0.8 (0.29%)

13:39
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11/13
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13:39
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Visa, MasterCard analyst commentary  »

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V

Visa

$179.40

-0.39 (-0.22%)

MA

MasterCard

$277.91

0.8 (0.29%)

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  • 10

    Dec

13:33
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Breaking Hot Stocks news story  »

Stanley Black &…

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