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Notable open interest changes for April 3rd » 08:55
04/03/20
04/03
08:55
04/03/20
08:55
LK

Luckin Coffee

$6.37 /

-19.75 (-75.61%)

, CCL

Carnival

$7.97 /

-0.825 (-9.38%)

, GE

General Electric

$6.89 /

-0.15 (-2.13%)

, AAPL

Apple

$244.70 /

+3.69 (+1.53%)

Thursday's total…

Thursday's total option volume of 22.5 million contracts resulted in net open interest growth of 2.80 million calls and 3.26 million puts. Luckin Coffee (LK), Carnival (CCL), General Electric (GE) and Apple (AAPL) saw the greatest growth. Top five new positions opened include 25k Energy Transfer (ET) Apr-20 5.5 calls, 23k Luckin Coffee (LK) Apr-20 13 calls, 20k Baker Hughes (BKR) Jan-21 25 calls, 20k Luckin Coffee (LK) Apr-20 5 puts and 19k Carnival (CCL) 4/3 weekly 9 calls.

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  • 02
    Apr
Recommendations
Fortinet price target lowered to $115 from $136 at Raymond James » 08:28
04/03/20
04/03
08:28
04/03/20
08:28
FTNT

Fortinet

$101.12 /

+0.64 (+0.64%)

, PANW

Palo Alto Networks

$165.23 /

+1.365 (+0.83%)

, CHKP

Check Point

$98.74 /

+0.57 (+0.58%)

Raymond James analyst…

Raymond James analyst Michael Turits lowered the firm's price target on Fortinet (FTNT) to $115 from $136 and keeps an Outperform rating on the shares. In a research note to investors, Turits says he believes Fortinet's positioning as a lower-cost solution vs. both Palo Alto (PANW) and Check Point (CHKP) may bode well in a more recessionary environment,

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Lam Research upgraded to Buy from Neutral at Nomura Instinet » 05:59
04/03/20
04/03
05:59
04/03/20
05:59
LRCX

Lam Research

$220.36 /

-3 (-1.34%)

Nomura Instinet analyst…

Nomura Instinet analyst David Wong upgraded Lam Research to Buy from Neutral with an unchanged price target of $265. The analyst believes Lam has been affected by and will continue to feel the effects of COVID-19 through the majority of 2020. However, this has already been priced into Lam's stock recently, adds the analyst. Lam's stock is currently trading at a "substantial discount" to where it was trading at the beginning of 2020, Wong points out. The analyst continues to see long-term growth potential for Lam.

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Thursday
Hot Stocks
General Electric CEO: We have our liquidity position well in hand » 18:15
04/02/20
04/02
18:15
04/02/20
18:15
GE

General Electric

$6.89 /

-0.15 (-2.13%)

, F

Ford

$4.35 /

-0.065 (-1.47%)

In an interview on…

In an interview on CNBC's Mad Money, General Electric CEO Larry Culp said they've doubled the capacity of ventilator production and plan to do it again. Patient monitor production is also being increased and they're bringing on more capacity in a joint effort with Ford (F). Culp said, "We're doing all we can do to weather the COVID-19 storm. We're not immune from the contraction in travel."

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On The Fly
Fly Intel: Wall Street's top stories for Thursday » 17:33
04/02/20
04/02
17:33
04/02/20
17:33
SBUX

Starbucks

$64.98 /

+2.35 (+3.75%)

, LK

Luckin Coffee

$6.37 /

-19.75 (-75.61%)

, TSLA

Tesla

$453.99 /

-27.61 (-5.73%)

, RNG

RingCentral

$219.83 /

+9.28 (+4.41%)

, ZM

Zoom Video

$121.84 /

-15.08 (-11.01%)

, CRTO

Criteo

$8.52 /

+0.97 (+12.85%)

, WMT

Walmart

$118.63 /

+4.38 (+3.83%)

, GE

General Electric

$6.89 /

-0.15 (-2.13%)

, FCAU

Fiat Chrysler

$6.80 /

-0.01 (-0.15%)

, GM

General Motors

$18.18 /

-1.08 (-5.61%)

, F

Ford

$4.35 /

-0.065 (-1.47%)

, WBA

Walgreens Boots Alliance

$40.29 /

-2.68 (-6.24%)

Stocks were higher from…

Open Full Text

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Hot Stocks
Centene to move to virtual-only annual stockholder meeting » 17:20
04/02/20
04/02
17:20
04/02/20
17:20
CNC

Centene

$56.29 /

+0.2 (+0.36%)

Centene announced that,…

Centene announced that, due to the evolving COVID-19 outbreak, and in an effort to protect the health and wellbeing of Centene stockholders and employees, the Company's 2020 Annual Meeting of Stockholders will be held in a virtual format only. The date and time of the 2020 Annual Meeting remain unchanged at 10am Central Time on April 28th.

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General News
Trump statement on order under the Defense Production Act to make ventilators » 17:09
04/02/20
04/02
17:09
04/02/20
17:09
GE

General Electric

$6.89 /

-0.15 (-2.13%)

, HRC

Hill-Rom

$108.09 /

+4.01 (+3.85%)

, MDT

Medtronic

$86.15 /

+2.06 (+2.45%)

, RMD

ResMed

$149.68 /

+7.52 (+5.29%)

"Today, I have…

"Today, I have issued an order under the Defense Production Act to more fully ensure that domestic manufacturers can produce ventilators needed to save American lives. My order to the Secretary of Health and Human Services and the Secretary of Homeland Security will help domestic manufacturers like General Electric, Hill-Rom, Medtronic, ResMed, Royal Philips, and Vyaire Medical secure the supplies they need to build ventilators needed to defeat the virus. I am grateful to these and other domestic manufacturers for ramping up their production of ventilators during this difficult time. Today's order will save lives by removing obstacles in the supply chain that threaten the rapid production of ventilators." Companies mentioned in the order include General Electric (GE), Hill-Rom (HRC), Medtronic (MDT) ResMed (RMD). Reference Link

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Hot Stocks
Molina Healthcare waives all COVID-19-related out-of-pocket expenses » 16:08
04/02/20
04/02
16:08
04/02/20
16:08
MOH

Molina Healthcare

$132.97 /

+1.89 (+1.44%)

Molina Healthcare…

Molina Healthcare announced that it is waiving all COVID-19-related out-of-pocket expenses for its Medicare, Medicaid, and Marketplace members nationwide, following up on its previous announcement last month about waiving all member costs associated with testing for the coronavirus, which causes COVID-19. "The coronavirus health crisis is having a devastating effect across the U.S. and Molina is committed to supporting the swift testing and immediate treatment for all members who require it at no cost to them," said Dr. Jason Dees, EVP and chief medical officer, Molina Healthcare. "If a member develops suspected symptoms associated with COVID-19, they are encouraged to contact or visit their primary care physician for immediate testing and care. We want to entirely remove any concerns related to treatment expenses for all Molina members."

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Periodicals
GE plans to furlough 50% of engine manufacturing workers, CNBC reports » 15:08
04/02/20
04/02
15:08
04/02/20
15:08
GE

General Electric

$6.84 /

-0.2 (-2.84%)

General Electric told…

General Electric told CNBC that it intends to furlough half of its aviation business' engine-manufacturing employees as the coronavirus hits the industry. The move would involve thousands of jobs in the division and last for four weeks, CNBC's Leslie Josephs says. The move comes less than a month after GE said it would slash 10% of its aviation unit, affecting about 2,600 staff, Josephs notes. "Due to the unprecedented impact of COVID-19 on the commercial aviation industry, GE Aviation is implementing a temporary reduction in commercial engine assembly and some component manufacturing operations for up to four weeks," a GE spokesperson said. "We appreciate the commitment of all our employees during this difficult time, and we regret having to take this action. We will continue to deliver for our customers and preserve our capability to respond when the industry recovers." Reference Link

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Periodicals
3M CEO says demand for N95 masks exceeding production capacity, WSJ reports » 12:07
04/02/20
04/02
12:07
04/02/20
12:07
MMM

3M

$135.23 /

+1.96 (+1.47%)

, HON

Honeywell

$130.75 /

+0.97 (+0.75%)

3M (MMM) and smaller…

3M (MMM) and smaller competitors are making about 50M of the N95 masks needed to protect healthcare workers in the U.S. each month, but that falls far short of the 300M N95 masks the Department of Health and Human Services estimated in March that U.S. health-care workers would need each month, The Wall Street Journal's Austen Hufford reported. 3M CEO Mike Roman said in an interview that his company has doubled mask production since January, but "the demand we have exceeds our production capacity," according to the report. Roman said 3M wants to double its global mask production over the next year, which, when added to more mask production that Honeywell (HON) and other companies plan to add, would meet the domestic demand the pandemic has created, officials and manufacturers said, the report added. Reference Link

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