Over a week ago
Recommendations
BofA analyst Joshua…
BofA analyst Joshua Shanker raised the firm's price target on Allstate (ALL) to $149 from $146 and keeps a Buy rating on the shares. The company's April 2023 catastrophe losses were significantly above typical April catastrophe losses and follows similarly elevated catastrophe data from peer Progressive (PGR), though the firm is also updating its model to reflect higher peer group earnings multiple, the analyst tells investors in a research note.
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$136.12 / -0.405 (-0.30%)
05/02/23 Progressive: Achieving profit margin takes precedence over growing premiums 04/13/23 Progressive falls -6.5% 04/13/23 Progressive falls -7.5% 04/13/23 Progressive falls -6.8% 05/18/23 Allstate announces catastrophe losses for the month of April of $799M 04/20/23 Allstate estimates March catastrophe losses $1.17B 04/20/23 Allstate estimates March catastrophe losses $1.17B 03/16/23 Allstate sees February catastrophe losses $211M, or $167M after-tax 04/21/23 BofA Allstate price target raised to $147 from $145 at BofA 04/18/23 Citi Allstate price target lowered to $138 from $150 at Citi 04/12/23 BofA Allstate price target raised to $145 from $131 at BofA 04/12/23 Barclays Allstate price target lowered to $122 from $125 at Barclays $136.12 / -0.405 (-0.30%)
05/18/23 Barclays Progressive price target raised to $123 from $118 at Barclays 05/11/23 BofA Progressive added to 'US 1 List' at BofA 05/03/23 BofA Progressive price target raised to $197 from $188 at BofA 05/03/23 Citi Progressive price target lowered to $121 from $124 at Citi $136.12 / -0.405 (-0.30%)
05/17/23 Progressive reports April EPS 33c vs. (34c) last year 04/13/23 Progressive reports Q1 EPS 75c vs 52c last year 04/13/23 Progressive reports March EPS (26c) vs 38c last year 03/15/23 Progressive reports February EPS 25c vs. 10c last year 05/03/23 Allstate reports Q1 adjusted EPS ($1.30), consensus ($1.42) 05/03/23 Notable companies reporting after market close 02/01/23 Allstate reports Q4 adjusted EPS ($1.36), consensus ($1.36) 02/01/23 Notable companies reporting after market close 12/05/22 Allstate replacing Accenture's Droga5 for creative account, AdAge reports $136.12 / -0.405 (-0.30%)
04/17/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 04/13/23 What You Missed On Wall Street On Thursday 04/13/23 What You Missed On Wall Street This Morning 05/03/23 Fly Intel: After-Hours Movers 04/03/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/19/23 What You Missed On Wall Street On Thursday 01/19/23 What You Missed On Wall Street This Morning $136.12 / -0.405 (-0.30%)
03/16/23 Early notable gainers among liquid option names on March 16th 02/01/23 Allstate options imply 2.5% move in share price post-earnings
Hot Stocks
The Allstate Corporation …
The Allstate Corporation announced estimated catastrophe losses for the month of April of $799M or $631M, after-tax. April month catastrophe losses include 12 events estimated at $872M with approximately 60% of the losses related to two wind and hail events, partially offset by favorable reserve reestimates for prior events. During the month of April, the Allstate brand implemented auto rate increases of 8.6% across 13 locations, resulting in total brand premium impact of 1.6%. "Allstate continued to implement significant auto insurance rate actions as part of our comprehensive plan to improve profitability. Since the beginning of the year, rate increases for Allstate brand auto insurance have resulted in a premium impact of 3.3%, which are expected to raise annualized written premiums by approximately $862M," said Jess Merten, Chief Financial Officer of The Allstate Corporation. Our implemented auto rate exhibit has been posted on allstateinvestors.com.
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$119.01 / +2.155 (+1.84%)
04/20/23 Allstate estimates March catastrophe losses $1.17B 04/20/23 Allstate estimates March catastrophe losses $1.17B 03/16/23 Allstate sees February catastrophe losses $211M, or $167M after-tax 02/17/23 Allstate raises quarterly dividend 4.7% to 89c per share $119.01 / +2.155 (+1.84%)
04/21/23 BofA Allstate price target raised to $147 from $145 at BofA 04/18/23 Citi Allstate price target lowered to $138 from $150 at Citi 04/12/23 BofA Allstate price target raised to $145 from $131 at BofA 04/12/23 Barclays Allstate price target lowered to $122 from $125 at Barclays $119.01 / +2.155 (+1.84%)
05/03/23 Allstate reports Q1 adjusted EPS ($1.30), consensus ($1.42) 05/03/23 Notable companies reporting after market close 02/01/23 Allstate reports Q4 adjusted EPS ($1.36), consensus ($1.36) 02/01/23 Notable companies reporting after market close $119.01 / +2.155 (+1.84%)
12/05/22 Allstate replacing Accenture's Droga5 for creative account, AdAge reports $119.01 / +2.155 (+1.84%)
05/03/23 Fly Intel: After-Hours Movers 04/03/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/19/23 What You Missed On Wall Street On Thursday 01/19/23 What You Missed On Wall Street This Morning $119.01 / +2.155 (+1.84%)
02/01/23 Allstate options imply 2.5% move in share price post-earnings
Recommendations
Barclays analyst Tracy…
Barclays analyst Tracy Benguigui raised the firm's price target on Progressive to $123 from $118 and keeps an Underweight rating on the shares following the April earnings report.
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05/02/23 Progressive: Achieving profit margin takes precedence over growing premiums 04/13/23 Progressive falls -6.5% 04/13/23 Progressive falls -7.5% 04/13/23 Progressive falls -6.8% 05/11/23 BofA Progressive added to 'US 1 List' at BofA 05/03/23 BofA Progressive price target raised to $197 from $188 at BofA 05/03/23 Citi Progressive price target lowered to $121 from $124 at Citi 05/02/23 UBS Progressive slowdown in growth likely to weigh on shares, says UBS 05/17/23 Progressive reports April EPS 33c vs. (34c) last year 04/13/23 Progressive reports Q1 EPS 75c vs 52c last year 04/13/23 Progressive reports March EPS (26c) vs 38c last year 03/15/23 Progressive reports February EPS 25c vs. 10c last year 04/17/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 04/13/23 What You Missed On Wall Street On Thursday 04/13/23 What You Missed On Wall Street This Morning 03/16/23 Early notable gainers among liquid option names on March 16th
Earnings
Reports net premiums…
Reports net premiums written $6.08B vs $4.82B last year. Reports net premiums earned $5.46B vs $4.61B last year. Reports combined ratio 97.9% vs 95.5% last year.
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$129.76 / -2.215 (-1.68%)
05/02/23 Progressive: Achieving profit margin takes precedence over growing premiums 04/13/23 Progressive falls -6.5% 04/13/23 Progressive falls -7.5% 04/13/23 Progressive falls -6.8% $129.76 / -2.215 (-1.68%)
05/11/23 BofA Progressive added to 'US 1 List' at BofA 05/03/23 BofA Progressive price target raised to $197 from $188 at BofA 05/03/23 Citi Progressive price target lowered to $121 from $124 at Citi 05/02/23 UBS Progressive slowdown in growth likely to weigh on shares, says UBS $129.76 / -2.215 (-1.68%)
04/13/23 Progressive reports Q1 EPS 75c vs 52c last year 04/13/23 Progressive reports March EPS (26c) vs 38c last year 03/15/23 Progressive reports February EPS 25c vs. 10c last year 02/15/23 Progressive reports January EPS 76c vs. 4c last year $129.76 / -2.215 (-1.68%)
04/17/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 04/13/23 What You Missed On Wall Street On Thursday 04/13/23 What You Missed On Wall Street This Morning $129.76 / -2.215 (-1.68%)
03/16/23 Early notable gainers among liquid option names on March 16th 11/17/22 Early notable gainers among liquid option names on November 17th
Recommendations
BofA analysts have added…
BofA analysts have added Progressive to the firm's "US 1 List," which is intended to represent a collection of the firm's best investment ideas that are drawn from the universe of Buy-rated, U.S.-listed stocks covered by BofA Global Research fundamental equity research analysts.
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05/02/23 Progressive: Achieving profit margin takes precedence over growing premiums 04/13/23 Progressive falls -6.5% 04/13/23 Progressive falls -7.5% 04/13/23 Progressive falls -6.8% 05/03/23 BofA Progressive price target raised to $197 from $188 at BofA 05/03/23 Citi Progressive price target lowered to $121 from $124 at Citi 05/02/23 UBS Progressive slowdown in growth likely to weigh on shares, says UBS 05/02/23 Keefe Bruyette Progressive 'unsurprisingly' prioritizing profitability, says Keefe Bruyette 04/13/23 Progressive reports Q1 EPS 75c vs 52c last year 04/13/23 Progressive reports March EPS (26c) vs 38c last year 03/15/23 Progressive reports February EPS 25c vs. 10c last year 02/15/23 Progressive reports January EPS 76c vs. 4c last year 04/17/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 04/13/23 What You Missed On Wall Street On Thursday 04/13/23 What You Missed On Wall Street This Morning 03/16/23 Early notable gainers among liquid option names on March 16th 11/17/22 Early notable gainers among liquid option names on November 17th
On The Fly
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03/13/23 Zions Bancorp trading resumes 03/13/23 Zions Bancorp trading halted, volatility trading pause 03/13/23 Comerica down 17%, Zions Bancorp down 22% in pre-market trading 04/27/23 Pending home sales decreased 5.2% in March amid limited supply, NAR says 02/15/23 Zillow Group: 'Things continue to be foggy' 01/24/23 Zillow introduces feature enabling renters to schedule tours 'instantly, online' 01/19/23 Redfin: Median U.S. home-sale price increased 0.9% for four weeks ending Jan. 15 05/03/23 Werner reduces TTS truck growth view to down 2% to up 1% from up 1%-4% 04/26/23 Old Dominion shares fall almost 11% after reporting Q1 results 04/05/23 Preliminary North American Class 8 truck orders fell 18% in March, FTR reports 02/23/23 Werner names Chris Wikoff as CFO 05/02/23 Western Alliance trading resumes 05/02/23 Western Alliance trading halted, volatility trading pause 04/19/23 Western Alliance rises 15.5% 04/19/23 Western Alliance rises 16.6% $134.73 / -0.875 (-0.65%)
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03/28/23 FleetCor appoints Tom Panther as CFO 03/20/23 FleetCor enters into cooperation agreement with D.E. Shaw 02/01/23 FleetCor acquires at-home EV charging software company Mina 02/20/23 Etsy tells The Fly 'counterfeit items, fraud explicitly prohibited' 02/02/23 Etsy appoints Colin Stretch as Chief Legal Officer and Corporate Secretary 01/10/23 Amazon expands Buy with Prime service, introduces Reviews from Amazon 11/09/22 Etsy director sells $1.72M in common stock 04/25/23 Nike expands relationship with Cognizant 04/20/23 Cognizant selected by Horizon to support government healthcare programs 04/12/23 PepsiCo CHRO Ronald Schellekens to retire, Becky Schmitt to succeed 04/11/23 Cognizant and Boehringer Ingelheim announce collaboration 04/20/23 Comerica sees 2023 average loans up 8%-9%, NII up 6%-7% vs. 2022 04/20/23 Comerica sees Q2 average loans up 3%, with NII down 11%-13% 03/27/23 Comerica rises 8.0% 01/27/23 Confluent restructuring includes 8% workforce reduction 01/06/23 Confluent to acquire Immerok, terms undisclosed 12/13/22 Confluent appoints Shaun Clowes as chief product officer 03/22/23 Altice USA names Alexandre Fonseca chairman of the board 03/22/23 Altice USA falls -5.6% 02/22/23 Altice USA reports Q4 broadband organic net additions down 7.7K 02/22/23 Altice USA names Marc Sirota as new CFO 04/20/23 Allstate estimates March catastrophe losses $1.17B 04/20/23 Allstate estimates March catastrophe losses $1.17B 03/16/23 Allstate sees February catastrophe losses $211M, or $167M after-tax 02/17/23 Allstate raises quarterly dividend 4.7% to 89c per share 04/10/23 Jefferies Lemonade price target lowered to $11.50 from $13 at Jefferies 02/24/23 Barclays Lemonade price target lowered to $16 from $18 at Barclays 01/19/23 BMO Capital Lemonade initiated with an Underperform at BMO Capital 01/18/23 Piper Sandler Lemonade price target lowered to $19 from $20 at Piper Sandler 04/05/23 Stifel Qorvo initiated with a Hold at Stifel 03/01/23 Raymond James Qorvo resumed with an Outperform at Raymond James 02/03/23 Mizuho Qorvo price target raised to $100 from $93 at Mizuho 02/02/23 Needham Qorvo price target raised to $130 from $105 at Needham $263.86 / +0.455 (+0.17%)
04/25/23 B. Riley SolarEdge price target lowered to $368 from $370 at B. Riley 04/20/23 Barclays Enphase Energy price target lowered to $248 from $257 at Barclays 04/19/23 BofA SolarEdge price target raised to $407 from $393 at BofA 04/18/23 KeyBanc Enphase Energy price target lowered to $311 from $363 at KeyBanc 02/09/23 Canaccord JFrog price target lowered to $27 from $30 at Canaccord 02/06/23 JPMorgan JPMorgan 'tactically cautious' into JFrog Q4 results 01/26/23 Cantor Fitzgerald JFrog initiated with an Overweight at Cantor Fitzgerald 01/25/23 Cantor Fitzgerald JFrog initiated with an Overweight at Cantor Fitzgerald 04/17/23 Barclays Confluent price target raised to $29 from $26 at Barclays 04/12/23 Morgan Stanley Confluent upgraded to Overweight from Equal Weight at Morgan Stanley 03/28/23 Mizuho Confluent initiated with a Buy at Mizuho 02/13/23 MoffettNathanson Confluent initiated with an Outperform at MoffettNathanson 03/13/23 Needham Infinera Analyst Day shows clear path to expand margins, says Needham 08/04/22 MKM Partners Infinera assumed with a Buy at MKM Partners 07/14/22 JPMorgan Infinera price target lowered to $6.50 from $7.50 at JPMorgan 07/14/22 Citi Infinera price target lowered to $6.50 from $9 at Citi 04/19/23 BofA Cognizant price target lowered to $55 from $59 at BofA 03/08/23 Susquehanna Cognizant back to basics strategy part of rebuild effort, says Susquehanna 02/06/23 Barclays Cognizant price target raised to $53 from $45 at Barclays 02/03/23 Deutsche Bank Cognizant price target raised to $67 from $54 at Deutsche Bank 04/25/23 Truist Etsy price target lowered to $125 from $150 at Truist 04/24/23 Barclays Etsy price target lowered to $100 from $115 at Barclays 04/19/23 BTIG Etsy price target lowered to $130 from $144 at BTIG 04/04/23 Piper Sandler Etsy upgraded to Overweight from Neutral at Piper Sandler 05/01/23 Bernstein Zillow Group upgraded to Market Perform from Underperform at Bernstein 04/27/23 Zelman Zillow Group upgraded to Buy from Hold at Zelman 04/18/23 Gordon Haskett Zillow initiated with a Hold at Gordon Haskett 03/08/23 Barclays Zillow Group price target raised to $30 from $24 at Barclays $134.73 / -0.875 (-0.65%)
02/28/23 Truist Marriott Vacations price target raised to $223 from $205 at Truist 02/24/23 Deutsche Bank Marriott Vacations price target lowered to $188 from $191 at Deutsche Bank 02/06/23 BofA BofA starts Marriott Vacations at Neutral amid questions on sustainability 02/06/23 BofA Marriott Vacations initiated with a Neutral at BofA $207.41 / +0.155 (+0.07%)
04/14/23 Jefferies FleetCor price target raised to $255 from $240 at Jefferies 03/21/23 Raymond James FleetCor upgraded to Outperform from Market Perform at Raymond James 03/21/23 Raymond James FleetCor upgraded to Outperform from Market Perform at Raymond James 02/13/23 Barclays FleetCor price target raised to $245 from $235 at Barclays 02/23/23 TD Securities Altice USA price target lowered to $4.75 from $6 at TD Securities 02/23/23 TD Cowen Altice USA price target lowered to $18 from $21 at Cowen 02/23/23 Barclays Altice USA price target lowered to $2 from $4 at Barclays 01/23/23 TD Securities Altice USA downgraded to Hold at TD Securities amid U.S. broadband challenges 03/01/23 Canaccord NanoString price target raised to $15 from $14 at Canaccord 02/02/23 UBS NanoString initiated with a Buy at UBS 11/10/22 Canaccord NanoString price target lowered to $14 from $30 at Canaccord 11/08/22 TD Cowen NanoString price target lowered to $24 from $31 at Cowen 04/18/23 BofA BofA says 'going to be ugly quarter' for truckers after J.B. Hunt report 04/10/23 Susquehanna Werner price target lowered to $43 from $45 at Susquehanna 02/09/23 Deutsche Bank Deutsche Bank keeps Buy on Werner, trims price target to $56 02/08/23 TD Cowen Werner price target raised to $53 from $43 at Cowen 04/21/23 BofA Allstate price target raised to $147 from $145 at BofA 04/18/23 Citi Allstate price target lowered to $138 from $150 at Citi 04/12/23 BofA Allstate price target raised to $145 from $131 at BofA 04/12/23 Barclays Allstate price target lowered to $122 from $125 at Barclays 04/24/23 Oppenheimer Synaptics price target raised to $195 from $185 at Oppenheimer 02/03/23 Craig-Hallum Synaptics price target raised to $150 from $120 at Craig-Hallum 02/03/23 Susquehanna Synaptics price target raised to $145 from $115 02/03/23 Oppenheimer Synaptics downgraded to Perform from Outperform at Oppenheimer 02/16/23 BTIG Upwork price target lowered to $20 from $24 at BTIG 02/13/23 Piper Sandler Upwork expansion opens new addressable market, says Piper Sandler 01/06/23 Piper Sandler Upwork price target lowered to $15 from $20 at Piper Sandler 12/13/22 Citi Upwork initiated with a Neutral at Citi 04/21/23 Barclays TripAdvisor price target lowered to $17 from $22 at Barclays 04/20/23 Truist TripAdvisor downgraded to Hold at Truist on valuation 04/20/23 Truist TripAdvisor downgraded to Hold from Buy at Truist 03/22/23 WestPark Capital Qualcomm initiated with a Hold at WestPark Capital 03/16/23 Susquehanna Qualcomm upgraded at Susquehanna with China opening, Apple 'de-risked' 03/16/23 Susquehanna Qualcomm upgraded to Positive from Neutral at Susquehanna 03/03/23 OTR Global Qualcomm displacing Broadcom for S23 components, says OTR Global 04/17/23 Piper Sandler Staar Surgical initiated with a Neutral at Piper Sandler 02/22/23 Needham Staar Surgical price target lowered to $78 from $83 at Needham 02/06/23 BTIG Staar Surgical downgraded to Neutral from Buy at BTIG 01/30/23 Canaccord Staar Surgical price target raised to $80 from $79 at Canaccord 02/27/23 Citi Outfront Media price target lowered to $25 from $27 at Citi 01/03/23 Barrington Barrington reveals 10 best stock ideas for 2023 08/12/22 Barrington Outfront Media price target lowered to $27 from $33 at Barrington 07/07/22 Citi Outfront Media price target lowered to $28 from $30 at Citi 04/24/23 Barclays Revolve Group price target lowered to $20 from $22 at Barclays 02/24/23 Baird Revolve Group price target raised to $33 from $30 at Baird 02/06/23 BTIG Revolve Group assumed with a Buy at BTIG 01/05/23 Piper Sandler Revolve Group downgraded to Neutral from Overweight at Piper Sandler 04/22/23 Citi Sunrun price target lowered to $23 from $27 at Citi 04/22/23 Citi Citi sees attractive setup for Sunrun, opens 'catalyst upside watch' 04/18/23 Barclays Sunrun price target lowered to $31 from $35 at Barclays 04/18/23 KeyBanc Sunrun upgraded to Overweight from Sector Weight at KeyBanc 04/20/23 RBC Capital MetLife price target lowered to $76 from $83 at RBC Capital 04/14/23 Piper Sandler MetLife share outperformance will return, says Piper Sandler 04/12/23 Barclays MetLife price target lowered to $79 from $83 at Barclays 04/05/23 Piper Sandler MetLife price target lowered to $74 from $82 at Piper Sandler 03/23/23 Truist PacWest Bancorp price target lowered to $13 from $29 at Truist 03/23/23 Piper Sandler PacWest 'can make it to the other side,' says Piper Sandler 03/22/23 RBC Capital PacWest provides detailed update on deposit balances, says RBC Capital 03/20/23 Piper Sandler Piper confident PacWest can make it through liquidity crunch 05/03/23 Hovde Group Western Alliance risk/reward 'exceedingly attractive,' says Hovde Group 04/20/23 Truist Western Alliance price target raised to $65 from $50 at Truist 04/20/23 BofA Western Alliance price target raised to $48 from $41 at BofA 04/20/23 DA Davidson Western Alliance price target lowered to $57.50 from $77 at DA Davidson KRE SPDR S&P Regional Banking ETF 05/03/23 Wolfe Research Comerica downgraded to Peer Perform from Outperform at Wolfe Research 04/21/23 RBC Capital Comerica price target lowered to $62 from $68 at RBC Capital 04/21/23 DA Davidson Comerica price target lowered to $65 from $70 at DA Davidson 04/21/23 Citi Comerica price target lowered to $55 from $90 at Citi 04/24/23 Argus Zions Bancorp price target lowered to $43 from $65 at Argus 04/20/23 DA Davidson Zions Bancorp price target lowered to $41 from $47 at DA Davidson 04/20/23 RBC Capital Zions Bancorp price target lowered to $40 from $47 at RBC Capital 04/19/23 Zions Bancorp reports Q1 EPS $1.33, consensus $1.53 04/19/23 Notable companies reporting after market close 01/23/23 Zions Bancorp reports Q4 EPS $1.84, consensus $1.64 01/23/23 Notable companies reporting after market close 05/03/23 Zillow Group sees Q2 revenue $451M-$479M, consensus $456.38M 05/03/23 Zillow Group reports Q1 revenue $469M, consensus $424.08M 02/15/23 Zillow Group sees Q1 revenue $404M-$437M, consensus $421.54M 05/03/23 Werner reports Q1 EPS 60c, consensus 71c 02/07/23 Werner reports Q4 adjusted EPS 99c, consensus 92c 04/18/23 Western Alliance reports adjusted Q1 revenue $712.2M, consensus $666.4M 04/18/23 Western Alliance reports Q1 adjusted EPS $2.30, consensus $2.04 04/18/23 Notable companies reporting after market close 01/24/23 Western Alliance reports Q4 EPS $2.67, consensus $2.66 $134.73 / -0.875 (-0.65%)
05/03/23 Marriott Vacations raises FY23 EPS view to $11.05-$11.85, consensus $11.02 05/03/23 Marriott Vacations reports Q1 adjusted EPS $2.54, consensus $1.94 02/22/23 Marriott Vacations sees FY23 adjusted EPS $10.75-$11.54, consensus $11.60 02/22/23 Marriott Vacations reports Q4 adjusted EPS $2.74, consensus $2.72 05/03/23 Upwork sees Q2 revenue $161M-$164M , consensus $171.3M 05/03/23 Upwork reports Q1 EPS (1c), consensus (7c) 02/15/23 Upwork sees FY23 EPS 11c-15c, consensus 3c 02/15/23 Upwork sees Q1 EPS (3c)-(6c), consensus (3c) 05/03/23 TripAdvisor reports Q1 adjusted EPS 5c, consensus 7c 02/14/23 TripAdvisor reports Q4 adjusted EPS 16c, consensus 4c 02/14/23 Notable companies reporting after market close 05/03/23 Synaptics sees Q4 revenue $210M-$240M, consensus $330.39M 05/03/23 Synaptics reports Q3 EPS $1.89, consensus $1.86 02/02/23 Synaptics sees Q3 revenue $310M-$340M, consensus $365.38M 02/02/23 Synaptics reports Q2 EPS $2.20, consensus $2.34 05/03/23 Staar Surgical reports Q1 EPS 5c, consensus 2c 03/14/23 Staar Surgical sees Q1 ICL sales $65M-67M, consensus $67.01M 03/14/23 Staar Surgical repeats FY23 ICL sales view of $340M, consensus $341.46M 02/21/23 Staar Surgical reports Q4 EPS 12c, consensus 5c $263.86 / +0.455 (+0.17%)
05/03/23 SolarEdge sees Q2 revenue $970M-$1.01B, consensus $986.4M 05/03/23 SolarEdge reports Q1 EPS $2.90, consensus $1.92 02/13/23 SolarEdge sees Q1 revenue $915M-$945M, consensus $918.5M 05/03/23 Revolve Group reports Q1 EPS 19c, consensus 15c 02/23/23 Revolve Group reports Q4 EPS 11c, consensus 10c 05/03/23 Sunrun anticipates market share gains in 2023 05/03/23 Sunrun reports Q1 EPS ($1.12), may not compare to consensus (16c) 02/22/23 Sunrun reports Q4 GAAP EPS 29c, consensus (5c) 05/03/23 Qorvo reports Q4 EPS 26c, consensus 13c 05/03/23 Notable companies reporting after market close 02/01/23 Qorvo sees Q4 EPS 10c-15c, consensus 64c 02/01/23 Qorvo reports Q3 EPS 75c, consensus 63c 05/03/23 Qualcomm sees Q3 adjusted EPS $1.70-$1.90, consensus $2.16 05/03/23 Qualcomm reports Q2 adjusted EPS $2.15, consensus $2.15 02/02/23 Qualcomm sees Q2 adjusted EPS $2.05-$2.25, consensus $2.26 04/25/23 PacWest Bancorp reports Q1 adjusted EPS 66c, consensus 61c 01/26/23 PacWest Bancorp reports Q4 EPS 33c, consensus 97c 05/03/23 Outfront Media reports Q1 EPS (19c), consensus (12c) 02/22/23 Outfront Media reports Q4 EPS 34c, consensus 37c 05/03/23 NanoString raises FY23 revenue view to $175M-$185M, consensus $174.8M 05/03/23 NanoString reports Q1 EPS (88c), consensus (73c) 02/28/23 NanoString sees FY23 revenue $170M-$180M, consensus $174.3M 02/28/23 NanoString reports Q4 EPS (95c), consensus (58c) 05/03/23 MetLife reports Q1 adjusted EPS $1.52, consensus $1.83 02/01/23 MetLife reports Q4 adjusted EPS $1.55, consensus $1.65 05/03/23 Lemonade sees FY23 revenue $392M-$396M, consensus $380.65M 05/03/23 Lemonade sees Q2 revenue $96M, consensus $90.92M 05/03/23 Lemonade reports Q1 EPS (95c), consensus ($1.13) 02/22/23 Lemonade sees Q1 revenue $87M-$89M, consensus $84.74M 05/03/23 Infinera sees Q2 EPS (3c) plus/minus 5c, consensus (2c) 05/03/23 Infinera reports Q1 EPS 2c, consensus (2c) 02/23/23 Infinera sees Q1 EPS (2c) +/- 4c, consensus $2c 02/23/23 Infinera reports Q4 adjusted EPS 16c, consensus 8c 05/03/23 JFrog sees FY23 EPS 19c-21c, consensus 18c 05/03/23 JFrog sees Q2 EPS 5c-6c, consensus 3c 05/03/23 JFrog reports Q1 EPS 6c, consensus 3c $207.41 / +0.155 (+0.07%)
05/03/23 FleetCor raises FY23 EPS view to $16.95-$17.35, consensus $16.99 05/03/23 FleetCor reports Q1 adjusted EPS $3.80, consensus $3.69 02/08/23 FleetCor sees Q1 adjusted EPS $3.55-$3.75, consensus $3.82 02/08/23 FleetCor sees FY23 adjusted EPS $16.25-$17.25, consensus $17.09 05/03/23 Etsy sees Q2 revenue $590M-$640M, consensus $625.35M 05/03/23 Etsy reports Q1 EPS 53c, consensus 55c 02/22/23 Etsy Sees Q1 revenue $600M-$640M, consensus $621.61M 05/03/23 Cognizant sees FY23 adjusted EPS $4.11-$4.34, consensus $4.43 05/03/23 Cognizant sees Q2 revenue $4.83B-$4.88B, consensus $4.86B 05/03/23 Cognizant reports Q1 adjusted EPS $1.11, consensus $1.04 04/20/23 Comerica reports Q1 EPS $2.39, consensus $2.29 04/19/23 Notable companies reporting before tomorrow's open 01/19/23 Comerica reports Q4 EPS $2.58, consensus $2.55 05/03/23 Confluent sees FY23 EPS (20c) to (14c), consensus (26c) 05/03/23 Confluent sees Q2 EPS (8c) to (6c), consensus (10c) 05/03/23 Confluent reports Q1 EPS (9c), consensus (14c) 05/03/23 Altice USA backs FY23 CapEx view $1.7B-$1.8B 05/03/23 Altice USA reports Q1 EPS 6c, consensus 4c 02/22/23 Altice USA reports Q4 GAAP EPS (43c) vs. 56c y/y 05/03/23 Allstate reports Q1 adjusted EPS ($1.30), consensus ($1.42) 02/01/23 Allstate reports Q4 adjusted EPS ($1.36), consensus ($1.36) 02/01/23 Notable companies reporting after market close 04/18/23 US regional banks' deposit growth seen falling to $73B, Bloomberg reports $263.86 / +0.455 (+0.17%)
12/02/22 Chinese solar producers dodged U.S. tariffs, WSJ reports 04/28/23 TSMC's major fabless clients defer 3nm chip rollouts, DigiTimes reports 04/05/23 EU to likely strike agreement on Chips Act on April 18, Reuters reports 03/10/23 U.S. to further tighten chip gear export to China restrictions, Bloomberg says 03/10/23 U.S. to further tighten chip gear export to China restrictions, Bloomberg says 05/03/23 PacWest considering sale, breakup or capital raise, Bloomberg reports 05/03/23 PacWest Bancorp to consider strategic options, including sale, Bloomberg says 05/02/23 Cohen & Steers cuts holdings in regional bank preferred shares, Bloomberg says 03/16/23 PacWest in talks for liquidity boost, Reuters says 11/05/22 MetLife stock up 20% this year, could gain even more, Barron's says KRE SPDR S&P Regional Banking ETF 03/20/23 Treasury considering expanding FDIC coverage to all deposits, Bloomberg reports 03/14/23 Fed may extend tougher capital restrictions to midsize banks, WSJ says 03/14/23 Infinera exploring options, including sale, Reuters reports 03/12/23 Etsy sellers hit by SVB collapse, payments delayed, NY Post reports 02/16/23 Citron says Etsy 'hit a new low,' 'encouraging' counterfeiting on platform 02/16/23 Short seller Citron calls Etsy 'counterfeiting platform' in new report 12/23/22 IRS postpones gig-tax filing requirement for more than $600 in revenue, WSJ says 02/21/23 Sanders, Casar voice support for striking YouTube Music workers, AC says 01/26/23 Confluent Chief Revenue Officer departs, The Information reports 02/28/23 Analysts debate if Altice USA could be Comcast target, Fierce Telecom says 12/05/22 Allstate replacing Accenture's Droga5 for creative account, AdAge reports 04/20/23 What You Missed On Wall Street On Thursday 04/20/23 What You Missed On Wall Street This Morning 04/19/23 Fly Intel: After-Hours Movers 04/05/23 What You Missed On Wall Street On Wednesday 03/04/23 Buy/Sell: Wall Street's top 10 stock calls this week 02/27/23 What You Missed On Wall Street On Monday 02/27/23 What You Missed On Wall Street This Morning 02/07/23 Fly Intel: After-Hours Movers 11/11/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 04/19/23 What You Missed On Wall Street On Wednesday 04/19/23 What You Missed On Wall Street This Morning 04/19/23 Fly Intel: Pre-market Movers $134.73 / -0.875 (-0.65%)
02/22/23 Fly Intel: After-Hours Movers 02/06/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 02/16/23 What You Missed On Wall Street On Thursday 02/16/23 What You Missed On Wall Street This Morning 02/15/23 Fly Intel: After-Hours Movers 02/15/23 Fly Intel: Pre-market Movers 02/14/23 Fly Intel: After-Hours Movers 02/08/23 What You Missed On Wall Street On Wednesday 02/03/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 02/21/23 Fly Intel: After-Hours Movers 01/09/23 Fly Intel: Pre-market Movers $263.86 / +0.455 (+0.17%)
04/10/23 What You Missed This Week in EVs and Clean Energy 04/05/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 04/03/23 What You Missed This Week in EVs and Clean Energy 04/22/23 Short Report: Bears pare exposure in crypto stocks as bitcoin slumps 04/18/23 What You Missed On Wall Street On Tuesday 04/18/23 What You Missed On Wall Street This Morning 03/02/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 02/02/23 What You Missed On Wall Street On Thursday 02/02/23 What You Missed On Wall Street This Morning 05/03/23 Here's what Wall Street is saying about Qualcomm ahead of earnings 03/18/23 Buy/Sell: Wall Street's top 10 stock calls this week 03/16/23 What You Missed On Wall Street On Thursday 03/29/23 Fly Intel: After-Hours Movers 03/27/23 Fly Intel: Pre-market Movers 03/22/23 What You Missed On Wall Street On Wednesday 01/11/23 Biotech Alert: Searches spiking for these stocks today 11/10/22 Biotech Alert: Searches spiking for these stocks today 11/08/22 Fly Intel: After-Hours Movers 05/03/23 Fly Intel: After-Hours Movers 02/25/23 Short Report: Bears skeptical of turnaround for Bed Bath & Beyond 02/03/23 Sell these stocks now, proven algorithm says 12/02/22 Sell these stocks now, proven algorithm says 03/14/23 What You Missed On Wall Street On Tuesday 02/08/23 Fly Intel: After-Hours Movers 01/26/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/04/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations $207.41 / +0.155 (+0.07%)
03/21/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/31/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 05/01/23 Fly Insider: Beacon Roofing, Etsy among week's notable insider trades 04/06/23 Buy/Sell: Wall Street's top 10 stock calls this week 04/04/23 What You Missed On Wall Street On Tuesday 02/02/23 Fly Intel: After-Hours Movers 01/21/23 Buy/Sell: Wall Street's top 10 stock calls this week 01/19/23 What You Missed On Wall Street On Thursday 04/20/23 Fly Intel: Pre-market Movers 04/06/23 What You Missed On Wall Street On Thursday 04/06/23 What You Missed On Wall Street This Morning 03/23/23 What You Missed On Wall Street On Thursday 04/12/23 What You Missed On Wall Street On Wednesday 04/12/23 What You Missed On Wall Street This Morning 02/17/23 Sell these stocks now, proven algorithm says 12/14/22 High-speed internet upgrade spending sinking this cable stock 12/03/22 Short Report: Bears growl at crypto stocks amid FTX fallout 04/03/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/19/23 What You Missed On Wall Street This Morning 05/03/23 Zions Bancorp put volume heavy and directionally bearish 04/26/23 Zions Bancorp put volume heavy and directionally bearish 04/25/23 Zions Bancorp put volume heavy and directionally bearish 04/21/23 Zions Bancorp put volume heavy and directionally bearish 05/03/23 Zillow options imply 7.4% move in share price post-earnings 03/23/23 Zillow call volume above normal and directionally bullish 03/10/23 Zillow put volume heavy and directionally bearish 02/22/23 Unusually active option classes on open February 22nd 05/03/23 Unusually active option classes on open May 3rd 05/02/23 Western Alliance put volume heavy and directionally bearish 04/18/23 Western Alliance options imply 9.5% move in share price post-earnings 05/03/23 TripAdvisor options imply 8.7% move in share price post-earnings 02/16/23 TripAdvisor put volume heavy and directionally bearish 02/14/23 TripAdvisor options imply 8.9% move in share price post-earnings 12/07/22 TripAdvisor put volume heavy and directionally bearish $263.86 / +0.455 (+0.17%)
05/03/23 SolarEdge options imply 8.5% move in share price post-earnings 03/30/23 Early notable gainers among liquid option names on March 30th 03/17/23 SolarEdge put volume heavy and directionally bearish 03/06/23 Early notable gainers among liquid option names on March 6th 05/03/23 Revolve Group options imply 9.7% move in share price post-earnings 05/03/23 Sunrun options imply 10.8% move in share price post-earnings 04/27/23 Unusually active option classes on open April 27th 04/26/23 Unusually active option classes on open April 26th 03/24/23 Sunrun put volume heavy and directionally bearish 03/16/23 Early notable gainers among liquid option names on March 16th 02/01/23 Qorvo options imply 5.2% move in share price post-earnings 05/03/23 Qualcomm options imply 5.4% move in share price post-earnings 04/28/23 Unusually active option classes on open April 28th 02/02/23 Qualcomm options imply 4.6% move in share price post-earnings 01/30/23 Largest borrow rate increases among liquid names 05/03/23 Notable open interest changes for May 3rd 05/03/23 Largest borrow rate increases among liquid names 05/02/23 Unusually active option classes on open May 2nd 05/01/23 PacWest Bancorp put volume heavy and directionally bearish 03/28/23 MetLife put volume heavy and directionally bearish 03/17/23 MetLife put volume heavy and directionally bearish 03/13/23 MetLife put volume heavy and directionally bearish 03/08/23 MetLife put volume heavy and directionally bearish 05/03/23 Lemonade options imply 8.8% move in share price post-earnings 02/22/23 Lemonade options imply 11.2% move in share price post-earnings 02/08/23 Lemonade put volume heavy and directionally bearish 12/27/22 Lemonade call volume above normal and directionally bullish KRE SPDR S&P Regional Banking ETF 11/22/22 Largest borrow rate increases among liquid names 11/21/22 Largest borrow rate increases among liquid names $207.41 / +0.155 (+0.07%)
03/21/23 Early notable gainers among liquid option names on March 21st 05/03/23 Etsy options imply 9.6% move in share price post-earnings 04/04/23 Early notable gainers among liquid option names on April 4th 03/09/23 Unusually active option classes on open March 9th 03/08/23 Etsy put volume heavy and directionally bearish 01/12/23 Early notable gainers among liquid option names on January 12th 01/11/23 Largest borrow rate increases among liquid names 05/03/23 Comerica put volume heavy and directionally bearish 05/02/23 Comerica put volume heavy and directionally bearish 04/10/23 Comerica call volume above normal and directionally bullish 04/06/23 Early notable gainers among liquid option names on April 6th 05/03/23 Confluent options imply 10.7% move in share price post-earnings 01/30/23 Confluent options imply 9.6% move in share price post-earnings 02/01/23 Allstate options imply 2.5% move in share price post-earnings
Earnings
Reports Q1 revenue…
Reports Q1 revenue $13.79B, consensus $11.75B. "Allstate's operating strength enabled us to continue implementing the auto insurance profit improvement plan and help over 100,000 customers recover from catastrophe losses in the first quarter, while executing the Transformative Growth initiative," said Tom Wilson, Chair, CEO and President of The Allstate Corporation. "Property-Liability earned premiums increased by $1.1 billion or 10.8% over the prior year due to rate increases on auto and home insurance. The profit improvement plan also includes expense reductions and reduced new business volume, both of which are being successfully implemented. Auto loss costs, however, continued to increase rapidly and essentially offset higher premiums, which combined with exceptionally high first quarter catastrophe losses resulted in an underwriting loss of $1.0 billion. The investment portfolio total return was 2.4% for the quarter as extending duration into higher rates and a shift from equity risk into fixed income maintained investment income despite a decline in performance-based returns. Profits from Health and Benefits and Protection Services reduced the net loss to $346 million or $1.31 per share for the quarter."
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04/20/23 Allstate estimates March catastrophe losses $1.17B 04/20/23 Allstate estimates March catastrophe losses $1.17B 03/16/23 Allstate sees February catastrophe losses $211M, or $167M after-tax 02/17/23 Allstate raises quarterly dividend 4.7% to 89c per share 04/21/23 BofA Allstate price target raised to $147 from $145 at BofA 04/18/23 Citi Allstate price target lowered to $138 from $150 at Citi 04/12/23 BofA Allstate price target raised to $145 from $131 at BofA 04/12/23 Barclays Allstate price target lowered to $122 from $125 at Barclays 05/03/23 Notable companies reporting after market close 02/01/23 Allstate reports Q4 adjusted EPS ($1.36), consensus ($1.36) 02/01/23 Notable companies reporting after market close 01/18/23 Allstate sees Q4 net loss $335M-$385M 12/05/22 Allstate replacing Accenture's Droga5 for creative account, AdAge reports 04/03/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/19/23 What You Missed On Wall Street On Thursday 01/19/23 What You Missed On Wall Street This Morning 01/19/23 Fly Intel: Pre-market Movers 02/01/23 Allstate options imply 2.5% move in share price post-earnings
Earnings
Notable companies…
Notable companies reporting after the market close, with earnings consensus, include Qualcomm (QCOM), consensus $2.15... MetLife (MET), consensus $1.83... Cognizant (CTSH), consensus $1.04... Allstate (ALL), consensus ($1.42)... SolarEdge (SEDG), consensus $1.92... Etsy (ETSY), consensus 55c... Zillow (Z), consensus 12c... Qorvo (QRVO), consensus 13c... Confluent (CFLT), consensus (14c)... Sunrun (RUN), consensus (12c)... TripAdvisor (TRIP), consensus 7c... JFrog (FROG), consensus 3c... Fastly (FSLY), consensus (10c)... Revolve (RVLV), consensus 15c... Altice USA (ATUS), consensus 4c.
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05/02/23 Zillow Group builds ChatGPT plugin for real estate searches 12/08/22 Zillow Group acquires real estate media marketing company VRX Media 04/27/23 Pending home sales decreased 5.2% in March amid limited supply, NAR says 02/15/23 Zillow Group: 'Things continue to be foggy' 01/24/23 Zillow introduces feature enabling renters to schedule tours 'instantly, online' 01/19/23 Redfin: Median U.S. home-sale price increased 0.9% for four weeks ending Jan. 15 02/22/23 TripAdvisor appoints S. Raman as Chief Product Officer and K. Dalton as COO 02/14/23 TripAdvisor sees FY23 adjusted EBITDA margin flat year-over-year 02/14/23 TripAdvisor jumps 7% to $27.05 after Q4 results beat estimates 11/30/22 TripAdvisor says Kanika Soni to leave position as Chief Commercial Officer $263.29 / -0.115 (-0.04%)
03/28/23 SolarEdge sees U.S. residential demand 'relatively flat' this year 02/09/23 SolarEdge, Freedom Forever announce multiyear agreement 01/23/23 SolarEdge products meet South Australia's Dynamic Export regulations 01/03/23 SolarEdge to acquire Hark Systems; financial terms not disclosed 01/18/23 REV Fire Group partners with Daytona International Speedway 01/05/23 Revolve Group falls -8.6% 04/26/23 Sunrun partners with BRIDGE Housing for solar installation 04/21/23 Sunrun teases 'exciting announcement' coming Saturday 04/12/23 Sunrun launches Shift, new home solar offering 03/10/23 Sunrun says has less than $80M of cash deposits with SVB 03/07/23 Qorvo expands power management portfolio 02/15/23 Adeia, Qorvo enter hybrid bonding license agreement 02/07/23 BioSig CFO Steve Chaussy to retire, Steve Buhaly to succeed 02/02/23 Qorvo introduces three-stage power solution for phased array systems 04/18/23 EU takes on US and Asia with EUR 43B chip subsidy plan 03/14/23 Arrow Electronics, Qualcomm expand their collaboration 03/08/23 Qualcomm increases dividend 7% to 80c 02/28/23 Nokia, Qualcomm, T-Mobile achieve 5G Carrier Aggregation 04/25/23 MetLife raises quarterly dividend by 4% to 52c per share 04/21/23 Treasury proposes tighter oversight of non-banks that pose systemic risk 02/07/23 MetLife to acquire privately-owned alternative investment firm Raven, no terms 01/24/23 MetLife trading resumes 03/15/23 Fastly partners with Google to operate OHTTP Relay as part of FLEDGE 02/13/23 Fastly rises 27.1% 02/13/23 Fastly rises 19.1% 02/13/23 Fastly rises 11.2% 04/20/23 JFrog CEO sells $961K in common stock 03/30/23 JFrog announces Aran Azarzar to join as global CIO 02/20/23 Etsy tells The Fly 'counterfeit items, fraud explicitly prohibited' 02/02/23 Etsy appoints Colin Stretch as Chief Legal Officer and Corporate Secretary 01/10/23 Amazon expands Buy with Prime service, introduces Reviews from Amazon 11/09/22 Etsy director sells $1.72M in common stock 04/25/23 Nike expands relationship with Cognizant 04/20/23 Cognizant selected by Horizon to support government healthcare programs 04/12/23 PepsiCo CHRO Ronald Schellekens to retire, Becky Schmitt to succeed 04/11/23 Cognizant and Boehringer Ingelheim announce collaboration 01/27/23 Confluent restructuring includes 8% workforce reduction 01/06/23 Confluent to acquire Immerok, terms undisclosed 12/13/22 Confluent appoints Shaun Clowes as chief product officer 03/22/23 Altice USA names Alexandre Fonseca chairman of the board 03/22/23 Altice USA falls -5.6% 02/22/23 Altice USA reports Q4 broadband organic net additions down 7.7K 02/22/23 Altice USA names Marc Sirota as new CFO $112.34 / -0.005 (-0.00%)
04/20/23 Allstate estimates March catastrophe losses $1.17B 04/20/23 Allstate estimates March catastrophe losses $1.17B 03/16/23 Allstate sees February catastrophe losses $211M, or $167M after-tax 02/17/23 Allstate raises quarterly dividend 4.7% to 89c per share 03/22/23 WestPark Capital Qualcomm initiated with a Hold at WestPark Capital 03/16/23 Susquehanna Qualcomm upgraded at Susquehanna with China opening, Apple 'de-risked' 03/16/23 Susquehanna Qualcomm upgraded to Positive from Neutral at Susquehanna 03/03/23 OTR Global Qualcomm displacing Broadcom for S23 components, says OTR Global 04/20/23 RBC Capital MetLife price target lowered to $76 from $83 at RBC Capital 04/14/23 Piper Sandler MetLife share outperformance will return, says Piper Sandler 04/12/23 Barclays MetLife price target lowered to $79 from $83 at Barclays 04/05/23 Piper Sandler MetLife price target lowered to $74 from $82 at Piper Sandler 04/19/23 BofA Cognizant price target lowered to $55 from $59 at BofA 03/08/23 Susquehanna Cognizant back to basics strategy part of rebuild effort, says Susquehanna 02/06/23 Barclays Cognizant price target raised to $53 from $45 at Barclays 02/03/23 Deutsche Bank Cognizant price target raised to $67 from $54 at Deutsche Bank $112.34 / -0.005 (-0.00%)
04/21/23 BofA Allstate price target raised to $147 from $145 at BofA 04/18/23 Citi Allstate price target lowered to $138 from $150 at Citi 04/12/23 BofA Allstate price target raised to $145 from $131 at BofA 04/12/23 Barclays Allstate price target lowered to $122 from $125 at Barclays $263.29 / -0.115 (-0.04%)
04/25/23 B. Riley SolarEdge price target lowered to $368 from $370 at B. Riley 04/20/23 Barclays Enphase Energy price target lowered to $248 from $257 at Barclays 04/19/23 BofA SolarEdge price target raised to $407 from $393 at BofA 04/18/23 KeyBanc Enphase Energy price target lowered to $311 from $363 at KeyBanc 04/25/23 Truist Etsy price target lowered to $125 from $150 at Truist 04/24/23 Barclays Etsy price target lowered to $100 from $115 at Barclays 04/19/23 BTIG Etsy price target lowered to $130 from $144 at BTIG 04/04/23 Piper Sandler Etsy upgraded to Overweight from Neutral at Piper Sandler 05/01/23 Bernstein Zillow Group upgraded to Market Perform from Underperform at Bernstein 04/27/23 Zelman Zillow Group upgraded to Buy from Hold at Zelman 04/18/23 Gordon Haskett Zillow initiated with a Hold at Gordon Haskett 03/08/23 Barclays Zillow Group price target raised to $30 from $24 at Barclays 02/27/23 JPMorgan Zillow Group initiated with an Overweight at JPMorgan 04/05/23 Stifel Qorvo initiated with a Hold at Stifel 03/01/23 Raymond James Qorvo resumed with an Outperform at Raymond James 02/03/23 Mizuho Qorvo price target raised to $100 from $93 at Mizuho 02/02/23 Needham Qorvo price target raised to $130 from $105 at Needham 04/17/23 Barclays Confluent price target raised to $29 from $26 at Barclays 04/12/23 Morgan Stanley Confluent upgraded to Overweight from Equal Weight at Morgan Stanley 03/28/23 Mizuho Confluent initiated with a Buy at Mizuho 02/13/23 MoffettNathanson Confluent initiated with an Outperform at MoffettNathanson 04/22/23 Citi Sunrun price target lowered to $23 from $27 at Citi 04/22/23 Citi Citi sees attractive setup for Sunrun, opens 'catalyst upside watch' 04/18/23 Barclays Sunrun price target lowered to $31 from $35 at Barclays 04/18/23 KeyBanc Sunrun upgraded to Overweight from Sector Weight at KeyBanc 04/21/23 Barclays TripAdvisor price target lowered to $17 from $22 at Barclays 04/20/23 Truist TripAdvisor downgraded to Hold at Truist on valuation 04/20/23 Truist TripAdvisor downgraded to Hold from Buy at Truist 02/09/23 Canaccord JFrog price target lowered to $27 from $30 at Canaccord 02/06/23 JPMorgan JPMorgan 'tactically cautious' into JFrog Q4 results 01/26/23 Cantor Fitzgerald JFrog initiated with an Overweight at Cantor Fitzgerald 01/25/23 Cantor Fitzgerald JFrog initiated with an Overweight at Cantor Fitzgerald 02/23/23 TD Securities Altice USA price target lowered to $4.75 from $6 at TD Securities 02/23/23 TD Cowen Altice USA price target lowered to $18 from $21 at Cowen 02/23/23 Barclays Altice USA price target lowered to $2 from $4 at Barclays 01/23/23 TD Securities Altice USA downgraded to Hold at TD Securities amid U.S. broadband challenges 04/20/23 Morgan Stanley Fastly upgraded to Equal Weight from Underweight at Morgan Stanley 04/19/23 William Blair Fastly resumed with a Market Perform at William Blair 04/11/23 BofA Fastly price target raised to $26.50 from $16 at BofA 03/12/23 Citi Citi not too concerned about systems software exposure to SVB 04/24/23 Barclays Revolve Group price target lowered to $20 from $22 at Barclays 02/24/23 Baird Revolve Group price target raised to $33 from $30 at Baird 02/06/23 BTIG Revolve Group assumed with a Buy at BTIG 01/05/23 Piper Sandler Revolve Group downgraded to Neutral from Overweight at Piper Sandler 02/15/23 Zillow reports Q4 adjusted EBITDA $73M 02/15/23 Zillow Group sees Q1 revenue $404M-$437M, consensus $421.54M 02/15/23 Zillow reports Q4 adjusted EBITDA $73M 02/15/23 Notable companies reporting after market close 02/14/23 TripAdvisor reports Q4 adjusted EPS 16c, consensus 4c 02/14/23 Notable companies reporting after market close 11/07/22 TripAdvisor sees Q4 revenue of low-single digit increases from 2019 levels 11/07/22 TripAdvisor reports Q3 adjusted EPS 28c, consensus 38c $263.29 / -0.115 (-0.04%)
02/13/23 SolarEdge sees Q1 revenue $915M-$945M, consensus $918.5M 02/13/23 SolarEdge reports Q4 adjusted EPS $2.86, consensus $1.56 02/13/23 Notable companies reporting after market close 11/07/22 SolarEdge sees Q4 revenue $855M-$885M, consensus $856.78M 02/23/23 Revolve Group reports Q4 EPS 11c, consensus 10c 02/22/23 Sunrun reports Q4 GAAP EPS 29c, consensus (5c) 02/01/23 Qorvo sees Q4 EPS 10c-15c, consensus 64c 02/01/23 Qorvo reports Q3 EPS 75c, consensus 63c 02/02/23 Qualcomm sees Q2 adjusted EPS $2.05-$2.25, consensus $2.26 02/02/23 Qualcomm reports Q1 adjusted EPS $2.37, consensus $2.34 02/02/23 Notable companies reporting after market close 02/01/23 MetLife reports Q4 adjusted EPS $1.55, consensus $1.65 02/15/23 Fastly sees FY23 EPS (27c)-(21c), consensus (44c) 02/15/23 Fastly sees Q1 EPS (12c)-(8c), consensus (12c) 02/15/23 Fastly reports Q4 EPS (8c), consensus (13c) 02/08/23 JFrog sees Q1 adjusted EPS 3c-5c, consensus 1c 02/08/23 JFrog sees FY23 adjusted EPS 18c-20c, consensus 9c 02/08/23 JFrog reports Q4 adjusted EPS 4c, consensus 2c 02/22/23 Etsy Sees Q1 revenue $600M-$640M, consensus $621.61M 02/22/23 Etsy reports Q4 EPS 77c, consensus 80c 02/22/23 Notable companies reporting after market close 02/02/23 Cognizant sees Q1 revenue $4.71B-$4.76B, consensus $4.88B 02/02/23 Cognizant reports Q4 adjusted EPS $1.01, consensus $1.02 01/12/23 Cognizant now sees Q4 revenue $4.8B vs. prior $4.72B-$4.77B view 01/30/23 Confluent backs FY23 EPS view (28c)-(22c), consensus (43c) 01/30/23 Confluent sees Q1 adjusted EPS (15c)-(13c), consensus (15c) 01/30/23 Confluent reports Q4 adjusted EPS (9c), consensus (14c) 01/27/23 Confluent sees FY23 EPS (28c)-(22c), consensus (51c) 02/22/23 Altice USA reports Q4 GAAP EPS (43c) vs. 56c y/y $112.34 / -0.005 (-0.00%)
02/01/23 Allstate reports Q4 adjusted EPS ($1.36), consensus ($1.36) 02/01/23 Notable companies reporting after market close 01/18/23 Allstate sees Q4 net loss $335M-$385M $263.29 / -0.115 (-0.04%)
12/02/22 Chinese solar producers dodged U.S. tariffs, WSJ reports 04/28/23 TSMC's major fabless clients defer 3nm chip rollouts, DigiTimes reports 04/05/23 EU to likely strike agreement on Chips Act on April 18, Reuters reports 03/10/23 U.S. to further tighten chip gear export to China restrictions, Bloomberg says 03/10/23 U.S. to further tighten chip gear export to China restrictions, Bloomberg says 11/05/22 MetLife stock up 20% this year, could gain even more, Barron's says 03/12/23 Etsy sellers hit by SVB collapse, payments delayed, NY Post reports 02/16/23 Citron says Etsy 'hit a new low,' 'encouraging' counterfeiting on platform 02/16/23 Short seller Citron calls Etsy 'counterfeiting platform' in new report 12/23/22 IRS postpones gig-tax filing requirement for more than $600 in revenue, WSJ says 02/21/23 Sanders, Casar voice support for striking YouTube Music workers, AC says 01/26/23 Confluent Chief Revenue Officer departs, The Information reports 02/28/23 Analysts debate if Altice USA could be Comcast target, Fierce Telecom says $112.34 / -0.005 (-0.00%)
12/05/22 Allstate replacing Accenture's Droga5 for creative account, AdAge reports 03/04/23 Buy/Sell: Wall Street's top 10 stock calls this week 02/27/23 What You Missed On Wall Street On Monday 02/27/23 What You Missed On Wall Street This Morning 02/27/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 02/15/23 Fly Intel: Pre-market Movers 02/14/23 Fly Intel: After-Hours Movers 02/08/23 What You Missed On Wall Street On Wednesday 02/08/23 What You Missed On Wall Street This Morning $263.29 / -0.115 (-0.04%)
04/10/23 What You Missed This Week in EVs and Clean Energy 04/05/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 04/03/23 What You Missed This Week in EVs and Clean Energy 04/22/23 Short Report: Bears pare exposure in crypto stocks as bitcoin slumps 04/18/23 What You Missed On Wall Street On Tuesday 04/18/23 What You Missed On Wall Street This Morning 03/24/23 Sell these stocks now, proven algorithm says 03/02/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 02/02/23 What You Missed On Wall Street On Thursday 02/02/23 What You Missed On Wall Street This Morning 02/02/23 Fly Intel: Pre-market Movers 03/18/23 Buy/Sell: Wall Street's top 10 stock calls this week 03/16/23 What You Missed On Wall Street On Thursday 03/16/23 What You Missed On Wall Street This Morning 03/16/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 04/20/23 What You Missed On Wall Street On Thursday 04/20/23 What You Missed On Wall Street This Morning 02/18/23 Buy/Sell: Wall Street's top 10 stock calls this week 02/16/23 What You Missed On Wall Street This Morning 02/08/23 Fly Intel: After-Hours Movers 01/26/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/04/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 05/01/23 Fly Insider: Beacon Roofing, Etsy among week's notable insider trades 04/06/23 Buy/Sell: Wall Street's top 10 stock calls this week 04/04/23 What You Missed On Wall Street On Tuesday 04/04/23 What You Missed On Wall Street This Morning 02/02/23 Fly Intel: After-Hours Movers 01/21/23 Buy/Sell: Wall Street's top 10 stock calls this week 01/19/23 What You Missed On Wall Street On Thursday 01/19/23 What You Missed On Wall Street This Morning 04/12/23 What You Missed On Wall Street On Wednesday 04/12/23 What You Missed On Wall Street This Morning 02/17/23 Sell these stocks now, proven algorithm says 02/13/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 02/22/23 Fly Intel: After-Hours Movers 12/14/22 High-speed internet upgrade spending sinking this cable stock 12/03/22 Short Report: Bears growl at crypto stocks amid FTX fallout 11/03/22 What You Missed On Wall Street On Thursday $112.34 / -0.005 (-0.00%)
04/03/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/19/23 Fly Intel: Pre-market Movers 03/23/23 Zillow call volume above normal and directionally bullish 03/10/23 Zillow put volume heavy and directionally bearish 02/22/23 Unusually active option classes on open February 22nd 02/21/23 Zillow put volume heavy and directionally bearish 02/16/23 TripAdvisor put volume heavy and directionally bearish 02/14/23 TripAdvisor options imply 8.9% move in share price post-earnings 12/07/22 TripAdvisor put volume heavy and directionally bearish 11/07/22 TripAdvisor options imply 11.1% move in share price post-earnings $263.29 / -0.115 (-0.04%)
03/30/23 Early notable gainers among liquid option names on March 30th 03/17/23 SolarEdge put volume heavy and directionally bearish 03/06/23 Early notable gainers among liquid option names on March 6th 02/27/23 Early notable gainers among liquid option names on February 27th 05/03/23 Sunrun options imply 10.8% move in share price post-earnings 04/27/23 Unusually active option classes on open April 27th 04/26/23 Unusually active option classes on open April 26th 03/24/23 Sunrun put volume heavy and directionally bearish 03/16/23 Early notable gainers among liquid option names on March 16th 02/01/23 Qorvo options imply 5.2% move in share price post-earnings 04/28/23 Unusually active option classes on open April 28th 02/02/23 Qualcomm options imply 4.6% move in share price post-earnings 01/30/23 Largest borrow rate increases among liquid names 01/23/23 Early notable gainers among liquid option names on January 23rd 03/28/23 MetLife put volume heavy and directionally bearish 03/17/23 MetLife put volume heavy and directionally bearish 03/13/23 MetLife put volume heavy and directionally bearish 03/08/23 MetLife put volume heavy and directionally bearish 04/11/23 Fastly Inc call volume above normal and directionally bullish 03/29/23 Unusually active option classes on open March 29th 03/28/23 Fastly Inc put volume heavy and directionally bearish 02/24/23 Largest borrow rate increases among liquid names 05/03/23 Etsy options imply 9.6% move in share price post-earnings 04/04/23 Early notable gainers among liquid option names on April 4th 03/09/23 Unusually active option classes on open March 9th 03/08/23 Etsy put volume heavy and directionally bearish 01/12/23 Early notable gainers among liquid option names on January 12th 01/11/23 Largest borrow rate increases among liquid names 01/30/23 Confluent options imply 9.6% move in share price post-earnings $112.34 / -0.005 (-0.00%)
02/01/23 Allstate options imply 2.5% move in share price post-earnings
Recommendations
BofA raised the…
BofA raised the firm's price target on Progressive to $197 from $188 and keeps a Buy rating on the shares. The company's 10-Q filed yesterday described a rising loss severity trend, an ambition to file for more rate increases and a willingness to right-size marketing to maintain margins and the shares sold off on shorter-term margin concerns. However, BofA contends that "investors have seen this story before," argues that higher prices likely lead to stronger growth and believes the selloff was due to "a fundamental misreading of what it means for the company."
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05/02/23 Progressive: Achieving profit margin takes precedence over growing premiums 04/13/23 Progressive falls -6.5% 04/13/23 Progressive falls -7.5% 04/13/23 Progressive falls -6.8% 05/03/23 Citi Progressive price target lowered to $121 from $124 at Citi 05/02/23 UBS Progressive slowdown in growth likely to weigh on shares, says UBS 05/02/23 Keefe Bruyette Progressive 'unsurprisingly' prioritizing profitability, says Keefe Bruyette 04/27/23 BMO Capital Progressive downgraded to Market Perform from Outperform at BMO Capital 04/13/23 Progressive reports Q1 EPS 75c vs 52c last year 04/13/23 Progressive reports March EPS (26c) vs 38c last year 03/15/23 Progressive reports February EPS 25c vs. 10c last year 02/15/23 Progressive reports January EPS 76c vs. 4c last year 04/13/23 What You Missed On Wall Street On Thursday 04/13/23 What You Missed On Wall Street This Morning 03/16/23 Early notable gainers among liquid option names on March 16th 11/17/22 Early notable gainers among liquid option names on November 17th
Recommendations
Citi analyst Michael Ward…
Citi analyst Michael Ward lowered the firm's price target on Progressive to $121 from $124 and keeps a Sell rating on the shares. In its quarterly filing, the company summarized plans to slow growth momentum, which began to seem possible following its disappointing March quarter earnings, the analyst tells investors in a research note. The firm says Progressive plans to reduce ad spend and increase prices due to worsening severity trends.
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05/02/23 Progressive: Achieving profit margin takes precedence over growing premiums 04/13/23 Progressive falls -6.5% 04/13/23 Progressive falls -7.5% 04/13/23 Progressive falls -6.8% 05/02/23 UBS Progressive slowdown in growth likely to weigh on shares, says UBS 05/02/23 Keefe Bruyette Progressive 'unsurprisingly' prioritizing profitability, says Keefe Bruyette 04/27/23 BMO Capital Progressive downgraded to Market Perform from Outperform at BMO Capital 04/18/23 Citi Progressive price target raised to $124 from $111 at Citi 04/13/23 Progressive reports Q1 EPS 75c vs 52c last year 04/13/23 Progressive reports March EPS (26c) vs 38c last year 03/15/23 Progressive reports February EPS 25c vs. 10c last year 02/15/23 Progressive reports January EPS 76c vs. 4c last year 04/13/23 What You Missed On Wall Street On Thursday 04/13/23 What You Missed On Wall Street This Morning 03/16/23 Early notable gainers among liquid option names on March 16th 11/17/22 Early notable gainers among liquid option names on November 17th
