| Thursday | ||||
Bullish option flow… Bullish option flow detected in Ally Financial with 37,649 calls trading, 16x expected, and implied vol increasing almost 2 points to 29.44%. Mar-20 30 calls and Mar-20 32 calls are the most active options, with total volume in those strikes near 21,600 contracts. The Put/Call Ratio is 0.03. Earnings are expected on April 16th. | ||||
Check out today's top… | ||||
Catch up on today's… Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AB InBev (BUD) downgraded to Underweight from Neutral at JPMorgan with analyst Celine Pannuti saying despite a "more benign" input cost environment, 2020 is shaping up to remain challenging for the company, leading to pressure on both gross margin and EBITDA. 2. Bloom Energy (BE) downgraded to Market Perform from Outperform at Raymond James with analyst Pavel Molchanov citing valuation. 3. AMD (AMD) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Aaron Rakers saying he is positive on AMD's competitive positioning and share gain story. However, at current levels, and based on his new sum-of-the-parts analysis, he believes the shares approaching levels that present a more balanced risk/reward. 4. Workday (WDAY) downgraded to Sell from Hold at Societe Generale. 5. CenturyLink (CTL) downgraded to Underperform from Neutral at BofA with analyst David Barden saying that with the exception of encouraging positive momentum in the company's Enterprise and IGAM segments, its business remains structurally challenged, and he expects the stock to trade range-bound with a downward bias. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. | ||||
Catch up on today's… Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Fiverr (FVRR) upgraded to Overweight from Neutral at JPMorgan with analyst Doug Anmuth saying the company's second consecutive quarter of revenue growth acceleration to 42.6% year-over-year was driven by the fourth consecutive quarter of acceleration in active buyers growth to 16.5% year-over-year. 2. Ternium (TX) upgraded to Overweight from Neutral at JPMorgan with analyst Rodolfo Angele saying the company's negative earnings momentum has shifted as Q4 likely marked the bottom. 3. Ally Financial (ALLY) upgraded to Buy from Neutral at Nomura Instinet with analyst Bill Carcache saying although the acquisition of CardWorks broadens Ally's consumer lending portfolio, makes it more directly comparable to consumer finance peers, and positions it for earnings accretion, concerns around book value dilution led shares to trade lower by 12% on Wednesday. 4. Analog Devices (ADI) upgraded to Buy from Neutral at Citi with analyst Christopher Danely with the company reported "decent" fiscal Q1 results but provided "mixed" Q2 guidance due to the coronavirus impact. 5. La-Z-Boy (LZB) upgraded to Buy from Hold at Stifel with analyst John Baugh saying the company reported another solid quarter with the highlight being a 10.5% increase in same-store written orders for the entire store system and improved margin in the upholstery segment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. | ||||
Nomura Instinet analyst… Nomura Instinet analyst Bill Carcache upgraded Ally Financial to Buy from Neutral with an unchanged price target of $36. Although the acquisition of CardWorks broadens Ally's consumer lending portfolio, makes it more directly comparable to consumer finance peers, and positions it for earnings accretion, concerns around book value dilution led shares to trade lower by 12% on Wednesday, Carcache tells investors in a research note. The analyst expects the company's improved return profile to drive multiple expansion going forward. He believes yesterday's selloff creates an attractive entry point. | ||||
Nomura Instinet analyst… Nomura Instinet analyst Bill Carcache upgraded Ally Financial to Buy from Neutral. | |
Barclays analyst Jason… Barclays analyst Jason Goldberg downgraded Ally Financial to Equal Weight from Overweight with a $33 price target. |
| Wednesday | ||||
Stocks are higher after… | ||||
Ally Financial is down… Ally Financial is down -11.3%, or -$3.60 to $28.43. | ||||
Shares of Ally Financial… | ||||