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QRVO

Qorvo

$113.19

-2.81 (-2.42%)

10:35
01/15/20
01/15
10:35
01/15/20
10:35

Qorvo put volume heavy and directionally bearish

Bearish flow noted in Qorvo with 1,487 puts trading, or 3x expected. Most active are Jan-20 110 puts and Jan-20 120 calls, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 2.84, while ATM IV is up over 2 points on the day. Earnings are expected on January 29th.

  • 29

    Jan

QRVO Qorvo
$113.19

-2.81 (-2.42%)

12/23/19
MSCO
12/23/19
NO CHANGE
MSCO
Overweight
Morgan Stanley would buy Broadcom shares on any asset sale headline volatility
Morgan Stanley analyst Craig Hettenbach noted that The Wall Street Journal reported last week that Broadcom (AVGO) is considering selling its RF business in a deal that could be valued at $10B, which he thinks "seems low" relative to Skyworks (SWKS) and Qorvo (QRVO). He would use any volatility related to news of potential strategic actions to buy the stock, highlighting that he doesn't believes the shares are given credit for the fact that Broadcom has expanded gross margins by nearly 1000 basis points,and operating margin by 700 basis points, over the last three years. Hettebach, who estimates that a sale of RF could be dilutive to EPS by low single digits, but also thinks such a sale could free up added capital to pursue accretive software acquisitions, keeps an Overweight rating and $367 price target on Broadcome shares.
01/06/20
BNCH
01/06/20
NO CHANGE
BNCH
Benchmark names Alibaba, Nvidia, Comcast among best ideas for first half
Benchmark analysts named their Best Ideas for the first half of 2020 across their coverage, naming Altice USA (ATUS), Tencent (TCEHY), Activision Blizzard (ATVI), Alibaba (BABA), Comcast (CMCSA), Coherent (COHR), Champions Oncology (CSBR), Electronic Arts (EA), 1-800-Flowers.com (FLWS), Flexion (FLXN), Mitek Systems (MITK), Nephros (NEPH), Nvidia (NVDA), Onto Innovation (ONTO), Qorvo (QRVO), Sinclair Broadcast (SBGI), Staar Surgical (STAA), TPI Composites (TPIC), Tabula Rasa HealthCare (TRHC), Varonis (VRNS) and Youngevity (YGYI).
01/10/20
MZHO
01/10/20
UPGRADE
Target $125
MZHO
Buy
Qorvo upgraded to Buy from Neutral at Mizuho
Mizuho analyst Vijay Rakesh upgraded Qorvo (QRVO) to Buy from Neutral with a price target of $125, up from $80. The stock closed Thursday down 96c to $111.96. The analyst upgraded radio frequency suppliers Qorvo and Skyworks Solutions (SWKS) as he sees "meaningful upside" from an improving 5G handset outlook. RF content per handset is estimated to rise 50%-60% versus 4G, Rakesh tells investors in a research note. The analyst believes share catalysts should come from the 3GSM in mid-February, which he notes should see multiple 5G handset launches, a potential for a Huawei settlement in the second half of 2020 as China trade tensions cool, and multiple new Apple (AAPL) iPhone models including 5G.
01/10/20
01/10/20
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrade with this list compiled by The Fly: 1. Qorvo (QRVO) and Skyworks (SWKS) upgraded to Buy from Neutral at Mizuho. 2. McKesson (MCK) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Ricky Goldwasser saying shares have underperformed the S&P in the last five years because of "a myriad of headwinds, with the most recent being concerns about opioids liability and its 2020/21 earnings power. 3. Edwards Lifesciences (EW) upgraded to Outperform from Perform at Oppenheimer. 4. Square (SQ) upgraded to Overweight from Equal Weight at Stephens with analyst Brett Huff saying he expects the company to beat revenue expectations and meet EBITDA expectations when it reports Q4 results. 5. L Brands (LB) upgraded to Buy from Hold at Deutsche Bank with analyst Tiffany Kanaga saying yesterday's holiday report, with Victoria's Secret reporting sales well below expectations, likely tips the scale "more toward a split, likely triggering strategic action in the near-term." This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NRG

NRG Energy

$38.52

-0.03 (-0.08%)

17:44
01/21/20
01/21
17:44
01/21/20
17:44
Hot Stocks
NRG Energy raises quarterly dividend to 30c from 3c per share »

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BAESY

BAE Systems

$0.00

(0.00%)

17:34
01/21/20
01/21
17:34
01/21/20
17:34
Hot Stocks
BAE Systems awarded $400.91M Army contract modification »

BAE Systems was awarded a…

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PNFP

Pinnacle Financial

$62.09

-1.31 (-2.07%)

17:32
01/21/20
01/21
17:32
01/21/20
17:32
Earnings
Pinnacle Financial reports Q4 adjusted EPS $1.27, consensus $1.26 »

Reports Q4 revenue…

03/08/13
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  • 22

    Jan

DGLY

Digital Ally

$0.94

(0.00%)

17:27
01/21/20
01/21
17:27
01/21/20
17:27
Syndicate
Breaking Syndicate news story on Digital Ally »

Digital Ally files to…

03/08/13
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KSU

Kansas City Southern

$165.54

-1.03 (-0.62%)

17:24
01/21/20
01/21
17:24
01/21/20
17:24
Downgrade
Kansas City Southern rating change  »

Kansas City Southern…

03/08/13
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03/08/13
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03/06/13
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AES

AES Corp.

$20.47

-0.02 (-0.10%)

17:23
01/21/20
01/21
17:23
01/21/20
17:23
Hot Stocks
AES Corp's sPower suspends Seneca wind project »

sPower announced today…

03/08/13
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WTFC

Wintrust Financial

$66.90

-2.03 (-2.95%)

17:20
01/21/20
01/21
17:20
01/21/20
17:20
Earnings
Wintrust Financial reports Q4 EPS $1.44, consensus $1.58 »

For the fourth quarter of…

03/08/13
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03/08/13
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  • 22

    Jan

SKT

Tanger Factory

$15.93

0.56 (3.64%)

, MDR

McDermott

$0.70

(0.00%)

17:18
01/21/20
01/21
17:18
01/21/20
17:18
Hot Stocks
Tanger Factory to replace McDermott in S&P 600 at open on 1/27 »

McDermott International…

SKT

Tanger Factory

$15.93

0.56 (3.64%)

MDR

McDermott

$0.70

(0.00%)

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

CIT Group

$45.23

-1.17 (-2.52%)

, SKT

Tanger Factory

$15.93

0.56 (3.64%)

17:17
01/21/20
01/21
17:17
01/21/20
17:17
Hot Stocks
Breaking Hot Stocks news story on CIT Group, Tanger Factory »

CIT Group to replace…

CIT

CIT Group

$45.23

-1.17 (-2.52%)

SKT

Tanger Factory

$15.93

0.56 (3.64%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 28

    Jan

IBM

IBM

$139.15

0.84 (0.61%)

17:15
01/21/20
01/21
17:15
01/21/20
17:15
Hot Stocks
IBM says there is continued momentum in hybrid cloud »

Says significant actions…

03/08/13
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03/08/13
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03/06/13
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  • 21

    Jan

  • 22

    Jan

TKTDY

Takata

$0.00

(0.00%)

, HMC

Honda

$27.60

-0.18 (-0.65%)

17:12
01/21/20
01/21
17:12
01/21/20
17:12
Periodicals
Honda to recall 2.4M older U.S. cars over faulty air bag inflators, Reuters says »

Honda (HMC) said it plans…

TKTDY

Takata

$0.00

(0.00%)

HMC

Honda

$27.60

-0.18 (-0.65%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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RIO

Rio Tinto

$59.95

-0.725 (-1.19%)

17:10
01/21/20
01/21
17:10
01/21/20
17:10
Downgrade
Rio Tinto rating change  »

Rio Tinto downgraded to…

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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RNST

Renasant

$35.37

-0.23 (-0.65%)

17:08
01/21/20
01/21
17:08
01/21/20
17:08
Earnings
Renasant reports Q4 EPS 67c, consensus 66c »

Net interest income was…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 22

    Jan

LYFT

Lyft

$47.91

1.33 (2.86%)

17:07
01/21/20
01/21
17:07
01/21/20
17:07
Hot Stocks
Lyft, LeBron James partner to expand bikeshare access across U.S. »

Lyft announced that it is…

03/08/13
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03/06/13
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  • 11

    Feb

AMTD

TD Ameritrade

$50.76

0.25 (0.49%)

, TD

Toronto-Dominion

$56.55

-0.18 (-0.32%)

17:02
01/21/20
01/21
17:02
01/21/20
17:02
Earnings
TD Bank comments on expected impact of TD Ameritrade's Q1 earnings »

TD Bank (TD) announced…

AMTD

TD Ameritrade

$50.76

0.25 (0.49%)

TD

Toronto-Dominion

$56.55

-0.18 (-0.32%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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UCBI

United Community Banks

$29.75

-0.6 (-1.98%)

17:02
01/21/20
01/21
17:02
01/21/20
17:02
Earnings
United Community Banks reports Q4 EPS 61c, consensus 58c »

Reports Q4 revenue…

03/08/13
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  • 22

    Jan

OBE

Obsidian Energy

$0.87

-0.0616 (-6.61%)

17:02
01/21/20
01/21
17:02
01/21/20
17:02
Hot Stocks
Obsidian Energy reports FY19 production 26,900 boe/d »

Obsidian Energy announced…

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SMBK

SmartFinancial

$22.97

-0.35 (-1.50%)

17:01
01/21/20
01/21
17:01
01/21/20
17:01
Earnings
SmartFinancial reports Q4 operating EPS 46c, consensus 40c »

Billy Carroll, President…

03/08/13
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  • 22

    Jan

TTWO

Take-Two

$130.40

0.42 (0.32%)

17:00
01/21/20
01/21
17:00
01/21/20
17:00
Periodicals
Grand Theft Auto V maker Rockstar claimed tax relief in 2019, Telegraph says »

Matthew Field of the…

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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  • 06

    Feb

BA

Boeing

$313.31

-10.8 (-3.33%)

, WJAFF

WestJet

$0.00

(0.00%)

16:59
01/21/20
01/21
16:59
01/21/20
16:59
Hot Stocks
WestJet makes statement on Boeing 737 MAX »

Following Boeing's…

BA

Boeing

$313.31

-10.8 (-3.33%)

WJAFF

WestJet

$0.00

(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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  • 29

    Jan

MGM

MGM Resorts

$32.37

-2.16 (-6.26%)

, AAL

American Airlines

$27.21

-1.18 (-4.16%)

16:51
01/21/20
01/21
16:51
01/21/20
16:51
On The Fly
Fly Intel: Wall Street's top stories for Tuesday »

Sentiment in the stock…

MGM

MGM Resorts

$32.37

-2.16 (-6.26%)

AAL

American Airlines

$27.21

-1.18 (-4.16%)

BA

Boeing

$313.31

-10.8 (-3.33%)

LVS

Las Vegas Sands

$70.06

-4.01 (-5.41%)

WYNN

Wynn Resorts

$142.21

-9.3 (-6.14%)

MLCO

Melco Resorts & Entertainment

$22.61

-2.4 (-9.60%)

HAL

Halliburton

$23.77

-0.19 (-0.79%)

VFC

VF Corp.

$94.63

0.38 (0.40%)

DAL

Delta Air Lines

$60.35

-1.66 (-2.68%)

UAL

United Airlines

$85.84

-3.84 (-4.28%)

TSLA

Tesla

$547.43

37.09 (7.27%)

OMI

Owens & Minor

$6.50

0.98 (17.75%)

BYND

Beyond Meat

$129.24

20.04 (18.35%)

SBUX

Starbucks

$92.54

-1.08 (-1.15%)

ARWR

Arrowhead

$47.63

-8.79 (-15.58%)

WW

WW

$37.55

-4.38 (-10.45%)

03/08/13
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03/06/13
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  • 21

    Jan

  • 21

    Jan

  • 22

    Jan

  • 23

    Jan

  • 23

    Jan

  • 28

    Jan

  • 29

    Jan

  • 29

    Jan

  • 12

    Feb

  • 24

    Feb

  • 04

    Mar

  • 23

    Mar

  • 23

    Mar

OPTT

Ocean Power

$0.89

-0.0293 (-3.20%)

16:43
01/21/20
01/21
16:43
01/21/20
16:43
Syndicate
Breaking Syndicate news story on Ocean Power »

Ocean Power files to sell…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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ADPT

Adaptive Biotechnologies

$26.87

-1.2 (-4.28%)

16:41
01/21/20
01/21
16:41
01/21/20
16:41
Syndicate
Adaptive Biotechnologies files to sell 8M shares of common stock for holders »

J.P. Morgan, Goldman…

03/08/13
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03/06/13
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03/06/13
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ELAN

Elanco

$30.64

0.65 (2.17%)

16:40
01/21/20
01/21
16:40
01/21/20
16:40
Syndicate
Elanco announces offerings of 19.16M shares of common stock, 11M units »

Elanco Animal Health…

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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  • 19

    Feb

MNLO

Menlo Therapeutics

$6.47

-0.18 (-2.71%)

16:39
01/21/20
01/21
16:39
01/21/20
16:39
Hot Stocks
Point72 discloses 5.8% passive stake in Menlo Therapeutics »

Point72 Asset Management…

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

    Feb

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