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Periodicals
Gap speeds up robot rollout to warehouses amid COVID-19 pandemic, Reuters says » 07:11
05/21/20
05/21
07:11
05/21/20
07:11
GPS

Gap

$7.34 /

-0.27 (-3.55%)

Gap is expediting its…

Gap is expediting its rollout of warehouse robots for assembling online orders in an effort to limit human contact during the COVID-19 pandemic, Jeffrey Dastin of Reuters reported, citing Kevin Kuntz, Gap's senior VP of global logistics fulfillment. Gap struck a deal to more than triple the number of item-picking robots it uses to 106 earlier in the year. Warehouses have faced increased web orders with less fulfillment staff because of social distancing policies Gap implemented. The company intends to finish the rollout to four of Gap's five U.S. facilities by July, months ahead of schedule. Each machine handles work usually performed by four people. Reference Link

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GPS Gap
$7.34 /

-0.27 (-3.55%)

GPS Gap
$7.34 /

-0.27 (-3.55%)

04/27/20 Barclays
Gap price target lowered to $5 from $10 at Barclays
04/24/20 RBC Capital
Gap price target lowered to $8 from $14 at RBC Capital
04/23/20
Fly Intel: Top five analyst upgrades
04/23/20 Morgan Stanley
Morgan Stanley upgrades Gap to Equal Weight following 60% decline
GPS Gap
$7.34 /

-0.27 (-3.55%)

GPS Gap
$7.34 /

-0.27 (-3.55%)

GPS Gap
$7.34 /

-0.27 (-3.55%)

GPS Gap
$7.34 /

-0.27 (-3.55%)

Over a week ago
Options
Gap put volume heavy and directionally bearish » 15:55
05/15/20
05/15
15:55
05/15/20
15:55
GPS

Gap

$7.57 /

+0.4 (+5.58%)

Bearish flow noted in Gap…

Bearish flow noted in Gap with 9,234 puts trading, or 1.8x expected. Most active are 5/22 weekly 7 puts and Dec-20 5 puts, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 1.81, while ATM IV is up over 69 points on the day. Earnings are expected on May 28th.

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GPS Gap
$7.57 /

+0.4 (+5.58%)

GPS Gap
$7.57 /

+0.4 (+5.58%)

04/27/20 Barclays
Gap price target lowered to $5 from $10 at Barclays
04/24/20 RBC Capital
Gap price target lowered to $8 from $14 at RBC Capital
04/23/20
Fly Intel: Top five analyst upgrades
04/23/20 Morgan Stanley
Morgan Stanley upgrades Gap to Equal Weight following 60% decline
GPS Gap
$7.57 /

+0.4 (+5.58%)

GPS Gap
$7.57 /

+0.4 (+5.58%)

GPS Gap
$7.57 /

+0.4 (+5.58%)

GPS Gap
$7.57 /

+0.4 (+5.58%)

Options
Gap call volume above normal and directionally bullish » 12:45
05/07/20
05/07
12:45
05/07/20
12:45
GPS

Gap

$7.75 /

+0.58 (+8.09%)

Bullish option flow…

Bullish option flow detected in Gap with 9,893 calls trading, 5x expected, and implied vol increasing almost 2 points to 96.37%. 5/8 weekly 8 calls and May-20 8 calls are the most active options, with total volume in those strikes near 6,900 contracts. The Put/Call Ratio is 0.12. Earnings are expected on May 28th.

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GPS Gap
$7.75 /

+0.58 (+8.09%)

04/27/20 Barclays
Gap price target lowered to $5 from $10 at Barclays
04/24/20 RBC Capital
Gap price target lowered to $8 from $14 at RBC Capital
04/23/20
Fly Intel: Top five analyst upgrades
04/23/20 Morgan Stanley
Morgan Stanley upgrades Gap to Equal Weight following 60% decline
On The Fly
Fly Intel: Wall Street's top stories for Wednesday » 17:31
05/06/20
05/06
17:31
05/06/20
17:31
GM

General Motors

$21.89 /

+0.65 (+3.06%)

, CVS

CVS Health

$60.39 /

-0.765 (-1.25%)

, ATVI

Activision Blizzard

$72.91 /

+4.38 (+6.39%)

, EA

Electronic Arts

$115.34 /

-4.26 (-3.56%)

, BYND

Beyond Meat

$126.39 /

+26.25 (+26.21%)

, GS

Goldman Sachs

$176.92 /

-1.47 (-0.82%)

, IVZ

Invesco

$7.61 /

-0.25 (-3.18%)

, GPS

Gap

$7.17 /

-0.28 (-3.76%)

, ODP

Office Depot

$2.13 /

+0.265 (+14.25%)

, SHOP

Shopify

$733.24 /

+45.81 (+6.66%)

, MELI

MercadoLibre

$741.83 /

+121.35 (+19.56%)

, DIS

Disney

$100.88 /

-0.38 (-0.38%)

, PINS

Pinterest

$17.72 /

-3.125 (-15.00%)

, MAT

Mattel

$8.49 /

-0.115 (-1.34%)

The major averages had a…

Open Full Text

ShowHide Related Items >><<
GM General Motors
$21.89 /

+0.65 (+3.06%)

05/07/20 Deutsche Bank
Deutsche Bank upgrades GM back to Buy one month after downgrade
05/07/20 Deutsche Bank
General Motors upgraded to Buy from Hold at Deutsche Bank
05/06/20 Morgan Stanley
Morgan Stanley says GM profit 'far above' expectations, liquidity 'very strong'
04/27/20 Morgan Stanley
General Motors stopping cash return 'an early buy signal,' says Morgan Stanley
CVS CVS Health
$60.39 /

-0.765 (-1.25%)

03/25/20 RBC Capital
CVS Health price target lowered to $81 from $85 at RBC Capital
03/24/20 Cowen
CVS Health outperformance should continue post-virus, says Cowen
03/12/20 Canaccord
Livongo Health weakness a buying opportunity, says Canaccord
02/20/20 Stephens
Stephens watching near-term MCO stock reactions after Bloomberg's 'rough' debate
ATVI Activision Blizzard
$72.91 /

+4.38 (+6.39%)

05/06/20 Morgan Stanley
Activision Blizzard price target raised to $76 from $70 at Morgan Stanley
05/06/20 Wedbush
Activision Blizzard price target raised to $84 from $76 at Wedbush
05/06/20 Oppenheimer
Activision Blizzard price target raised to $73 from $68 at Oppenheimer
05/06/20 Cowen
Activision Blizzard price target raised to $66 from $60 at Cowen
EA Electronic Arts
$115.34 /

-4.26 (-3.56%)

05/06/20 SunTrust
Electronic Arts price target raised to $131 from $118 at SunTrust
05/06/20 Needham
Electronic Arts price target raised to $135 from $120 at Needham
05/06/20 Wedbush
Electronic Arts price target raised to $145 from $135 at Wedbush
BYND Beyond Meat
$126.39 /

+26.25 (+26.21%)

05/06/20 Goldman Sachs
Goldman Sachs reduces 2020-22 revenue estimates for Beyond Meat after Q1 report
05/06/20 DA Davidson
Beyond Meat price target raised to $83 from $62 at DA Davidson
05/06/20 Barclays
Beyond Meat reported strong Q1 results, says Barclays
05/01/20
Fly Intel: Top five analyst downgrades
GS Goldman Sachs
$176.92 /

-1.47 (-0.82%)

04/17/20 DA Davidson
Goldman Sachs price target raised to $185 from $165 at DA Davidson
04/16/20 BMO Capital
Goldman Sachs price target raised to $205 from $168 at BMO Capital
04/16/20 Citi
Goldman Sachs remains a 'compelling buy,' says Citi
04/14/20 Societe Generale
Societe Generale double upgrades five global I-banks ahead of 'next bull run'
IVZ Invesco
$7.61 /

-0.25 (-3.18%)

04/24/20 Citi
Invesco price target lowered to $4.50 from $5.50 at Citi
04/23/20 Keefe Bruyette
Invesco downgraded to Market Perform from Outperform at Keefe Bruyette
04/15/20 Citi
Invesco downgraded to Sell from Neutral at Citi
03/16/20 JPMorgan
Invesco price target lowered to $8 from $20 at JPMorgan
GPS Gap
$7.17 /

-0.28 (-3.76%)

04/27/20 Barclays
Gap price target lowered to $5 from $10 at Barclays
04/24/20 RBC Capital
Gap price target lowered to $8 from $14 at RBC Capital
04/23/20
Fly Intel: Top five analyst upgrades
04/23/20 Morgan Stanley
Morgan Stanley upgrades Gap to Equal Weight following 60% decline
ODP Office Depot
$2.13 /

+0.265 (+14.25%)

04/30/20 Sidoti
Office Depot initiated with a Buy at Sidoti
08/20/19 BofA
Office Depot price target lowered to $1.20 from $2 at BofA/Merrill
05/09/19
Fly Intel: Top five analyst downgrades
05/09/19 BofA
BofA/Merrill double downgrades Office Depot to Underperform after Q1 report
SHOP Shopify
$733.24 /

+45.81 (+6.66%)

05/07/20 Loop Capital
Shopify price target raised to $700 from $350 at Loop Capital
05/07/20 SunTrust
Shopify price target raised to $700 from $585 at SunTrust
05/07/20 Credit Suisse
Shopify price target raised to $700 from $575 at Credit Suisse
05/07/20 DA Davidson
Shopify downgraded to Neutral from Buy at DA Davidson
MELI MercadoLibre
$741.83 /

+121.35 (+19.56%)

05/07/20 Citi
MercadoLibre upgraded to Buy from Neutral at Citi (yesterday)
05/06/20 Credit Suisse
MercadoLibre price target raised to $770 from $720 at Credit Suisse
05/06/20 Citi
MercadoLibre upgraded to Buy from Neutral at Citi
05/06/20 Barclays
MercadoLibre price target raised to $810 from $620 at Barclays
DIS Disney
$100.88 /

-0.38 (-0.38%)

05/06/20 Loop Capital
Disney price target lowered to $120 from $125 at Loop Capital
05/06/20 JPMorgan
Disney opening in Shanghai first of many catalysts, says JPMorgan
05/06/20 Morgan Stanley
Morgan Stanley highlights three Disney 'unknowns that remain largely unknown'
05/06/20 BMO Capital
Disney price target lowered to $140 from $150 at BMO Capital
PINS Pinterest
$17.72 /

-3.125 (-15.00%)

05/06/20 DA Davidson
Pinterest downgraded to Neutral from Buy at DA Davidson
05/06/20 Baird
Pinterest price target lowered to $20 from $23 at Baird
05/06/20 DA Davidson
Pinterest downgraded to Neutral from Buy at DA Davidson
05/06/20 Nomura Instinet
Pinterest price target lowered to $28 from $32 at Nomura Instinet
MAT Mattel
$8.49 /

-0.115 (-1.34%)

05/01/20 JPMorgan
JPMorgan lowers Mattel target to $11, removed from Analyst Focus List
04/21/20 Goldman Sachs
Mattel price target lowered to $10 from $14 at Goldman Sachs
04/17/20 Wolfe Research
Mattel initiated with an Outperform at Wolfe Research
04/16/20 Berenberg
Mattel initiated with a Hold at Berenberg
Periodicals
Gap intends to reopen up to 800 stores by end of the month, NY Times says » 12:36
05/06/20
05/06
12:36
05/06/20
12:36
GPS

Gap

$7.23 /

-0.22 (-2.95%)

, M

Macy's

$4.97 /

-0.195 (-3.78%)

, SPG

Simon Property

$56.30 /

-4.31 (-7.11%)

Gap (GPS) said it intends…

Gap (GPS) said it intends to reopen up to 800 of its stores in North America by the end of May as retailers are agitating to return to business after temporarily closing down amid the COVID-19 outbreak, the New York Times' Sapna Maheshwari reports. "Our goal is to be responsibly aggressive," Sonia Syngal, chief executive of Gap, told the Times in an interview. "Every retailer will have its own opening strategy, but suffice it to say we are looking to open where we're legally allowed to open as soon as we can." The reopening plan follows similar strategies announced recently by companies such as Macy's (M) and Simon Property (SPG), the author says. Reference Link

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GPS Gap
$7.23 /

-0.22 (-2.95%)

04/27/20 Barclays
Gap price target lowered to $5 from $10 at Barclays
04/24/20 RBC Capital
Gap price target lowered to $8 from $14 at RBC Capital
04/23/20
Fly Intel: Top five analyst upgrades
04/23/20 Morgan Stanley
Morgan Stanley upgrades Gap to Equal Weight following 60% decline
M Macy's
$4.97 /

-0.195 (-3.78%)

05/04/20 Cleveland Research
Cleveland Research sees further risk to Macy's second half comps
05/01/20 OTR Global
Macy's downgraded to Negative from Mixed at OTR Global
04/08/20 BofA
Macy's to exit COVID-19 crisis worse off, says BofA
04/08/20 Cowen
Macy's could see relief from lenders if covenants breached, says Cowen
SPG Simon Property
$56.30 /

-4.31 (-7.11%)

04/14/20 BofA
BofA cuts Simon Property to Neutral amid 'unprecedented' retail challenges
04/14/20 BofA
Simon Property downgraded to Neutral from Buy at BofA
03/27/20 BTIG
Simon Property price target lowered to $99 from $218 at BTIG
03/26/20 RBC Capital
Cheesecake, AMC news highlight tenants financial stress, says RBC Capital
Hot Stocks
J. Crew files for bankruptcy; Madewell to remain part of J.Crew » 06:11
05/04/20
05/04
06:11
05/04/20
06:11
JWN

Nordstrom

$17.63 /

-1.11 (-5.92%)

, AEO

American Eagle

$7.75 /

-0.2 (-2.52%)

, GPS

Gap

$7.84 /

-0.255 (-3.15%)

, LE

Land's End

$7.87 /

-0.64 (-7.52%)

J.Crew Group announced it…

J.Crew Group announced it has reached an agreement with its lenders holding approximately 71% of its Term Loan and approximately 78% of its IPCo Notes, as well as with its financial sponsors, under which the Company will restructure its debt and deleverage its balance sheet, positioning J.Crew and Madewell for long-term success. Under the terms of the Transaction Support Agreement, the Company's lenders will convert approximately $1.65 billion of the Company's debt into equity. To facilitate the restructuring contemplated by the TSA, the parent company of J.Crew Group, Inc., Chinos Holdings, Inc. and certain affiliates, have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia. The Company has secured commitments for a debtor-in-possession financing facility of $400 million and committed exit financing provided by existing lenders Anchorage Capital Group, L.L.C., GSO Capital Partners and Davidson Kempner Capital Management LP, among others. Subject to Court approval, the DIP financing, combined with the Company's projected cash flows, is expected to support its operations during the restructuring process. As part of the TSA, Madewell will remain part of J.Crew Group, Inc. Libby Wadle will continue in her role as CEO of Madewell. "This agreement with our lenders represents a critical milestone in the ongoing process to transform our business with the goal of driving long-term, sustainable growth for J.Crew and further enhancing Madewell's growth momentum," said Jan Singer, CEO, J.Crew Group. "Throughout this process, we will continue to provide our customers with the exceptional merchandise and service they expect from us, and we will continue all day-to-day operations, albeit under these extraordinary COVID-19-related circumstances. As we look to reopen our stores as quickly and safely as possible, this comprehensive financial restructuring should enable our business and brands to thrive for years to come." The Company has filed a series of customary "first day" motions with the Bankruptcy Court seeking to maintain its operations during the restructuring process to help facilitate a smooth transition into Chapter 11. Others in the space include Nordstrom (JWN), American Eagle Outfitters (AEO), Gap (GPS) and Lands' End (LE).

ShowHide Related Items >><<
JWN Nordstrom
$17.63 /

-1.11 (-5.92%)

04/30/20 Wedbush
Nordstrom price target lowered to $20 from $36 at Wedbush
03/27/20 Cleveland Research
Nordstrom downgraded at Cleveland Research, says QTD net sales have slowed
03/27/20 Cleveland Research
Nordstrom downgraded to Underperform from Neutral at Cleveland Research
03/04/20 Barclays
Nordstrom downgraded to Underweight on secular pressure at Barclays
AEO American Eagle
$7.75 /

-0.2 (-2.52%)

04/23/20 Wedbush
American Eagle price target lowered to $10 from $14 at Wedbush
04/15/20
Loop Capital cuts American Eagle to Sell on COVID-19 disruption
04/15/20 Loop Capital
American Eagle downgraded to Sell from Hold at Loop Capital
04/01/20
Fly Intel: Top five analyst initiations
GPS Gap
$7.84 /

-0.255 (-3.15%)

04/27/20 Barclays
Gap price target lowered to $5 from $10 at Barclays
04/24/20 RBC Capital
Gap price target lowered to $8 from $14 at RBC Capital
04/23/20
Fly Intel: Top five analyst upgrades
04/23/20 Morgan Stanley
Morgan Stanley upgrades Gap to Equal Weight following 60% decline
LE Land's End
$7.87 /

-0.64 (-7.52%)

03/16/20 Craig-Hallum
Land's End downgraded to Hold at Craig-Hallum
03/16/20 Craig-Hallum
Land's End downgraded to Hold from Buy at Craig-Hallum
06/04/19 Craig-Hallum
Land's End upgraded to Buy after 'strong' quarter at Craig-Hallum
06/04/19 Craig-Hallum
Land's End upgraded to Buy from Hold at Craig-Hallum
Hot Stocks
Gap announces strategic licensing partnership with IMG » 12:29
05/01/20
05/01
12:29
05/01/20
12:29
GPS

Gap

$7.60 /

-0.49 (-6.06%)

Gap Inc. announced it has…

Gap Inc. announced it has appointed IMG as its first ever multi-brand, exclusive licensing representative. Through this partnership, IMG will deliver cross-category product extensions that increase existing consumer touchpoints while engaging with and introducing new audiences around the world to Gap Inc.'s portfolio of brands. The companies are exploring categories including baby equipment and baby care, home decor and textiles, and furniture. "Gap Inc. operates a portfolio of strong, globally relevant brands that are familiar, trusted and highly marketable across multiple demographics. We are excited to explore new market segments and complementary points of product distribution for Gap, Banana Republic and Janie and Jack in an asset-light way that harnesses their individual strengths," said Roy Hunt, Head of Gap Inc. Franchise and Strategic Partnerships. "This partnership with IMG presents a unique opportunity for us to bring our fashion and lifestyle brands to life in new ways for customers around the world, while still maintaining the creative integrity that make each of our brands so distinctive and recognizable in the marketplace."

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GPS Gap
$7.60 /

-0.49 (-6.06%)

04/27/20 Barclays
Gap price target lowered to $5 from $10 at Barclays
04/24/20 RBC Capital
Gap price target lowered to $8 from $14 at RBC Capital
04/23/20
Fly Intel: Top five analyst upgrades
04/23/20 Morgan Stanley
Morgan Stanley upgrades Gap to Equal Weight following 60% decline
Periodicals
J. Crew preparing for potential bankruptcy filing, CNBC reports » 06:12
05/01/20
05/01
06:12
05/01/20
06:12
JWN

Nordstrom

$18.74 /

-1.62 (-7.96%)

, AEO

American Eagle

$7.95 /

-0.46 (-5.47%)

, GPS

Gap

$8.09 /

-0.955 (-10.56%)

, LE

Land's End

$8.51 /

-0.37 (-4.17%)

J. Crew Group is…

J. Crew Group is preparing for a bankruptcy filing that could come as soon as this weekend, CNBC's Lauren Hirsch reports, citing people familiar with the matter. The company is working to secure $400M in financing to fund operations in bankruptcy, the report adds, cautioning that timing could still slip, and plans are not yet finalized. Others in the space include Nordstrom (JWN), American Eagle Outfitters (AEO), Gap (GPS) and Lands' End (LE). Reference Link

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JWN Nordstrom
$18.74 /

-1.62 (-7.96%)

04/30/20 Wedbush
Nordstrom price target lowered to $20 from $36 at Wedbush
03/27/20 Cleveland Research
Nordstrom downgraded at Cleveland Research, says QTD net sales have slowed
03/27/20 Cleveland Research
Nordstrom downgraded to Underperform from Neutral at Cleveland Research
03/04/20 Barclays
Nordstrom downgraded to Underweight on secular pressure at Barclays
AEO American Eagle
$7.95 /

-0.46 (-5.47%)

04/23/20 Wedbush
American Eagle price target lowered to $10 from $14 at Wedbush
04/15/20
Loop Capital cuts American Eagle to Sell on COVID-19 disruption
04/15/20 Loop Capital
American Eagle downgraded to Sell from Hold at Loop Capital
04/01/20
Fly Intel: Top five analyst initiations
GPS Gap
$8.09 /

-0.955 (-10.56%)

04/27/20 Barclays
Gap price target lowered to $5 from $10 at Barclays
04/24/20 RBC Capital
Gap price target lowered to $8 from $14 at RBC Capital
04/23/20
Fly Intel: Top five analyst upgrades
04/23/20 Morgan Stanley
Morgan Stanley upgrades Gap to Equal Weight following 60% decline
LE Land's End
$8.51 /

-0.37 (-4.17%)

03/16/20 Craig-Hallum
Land's End downgraded to Hold at Craig-Hallum
03/16/20 Craig-Hallum
Land's End downgraded to Hold from Buy at Craig-Hallum
06/04/19 Craig-Hallum
Land's End upgraded to Buy after 'strong' quarter at Craig-Hallum
06/04/19 Craig-Hallum
Land's End upgraded to Buy from Hold at Craig-Hallum
Options
Gap put volume heavy and directionally bearish » 14:15
04/29/20
04/29
14:15
04/29/20
14:15
GPS

Gap

$8.98 /

+0.38 (+4.42%)

Bearish flow noted in Gap…

Bearish flow noted in Gap with 7,150 puts trading, or 1.7x expected. Most active are 5/1 weekly 9.5 puts and May-20 7 puts, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 1.67, while ATM IV is up nearly 121 points on the day. Earnings are expected on May 28th.

ShowHide Related Items >><<
GPS Gap
$8.98 /

+0.38 (+4.42%)

04/27/20 Barclays
Gap price target lowered to $5 from $10 at Barclays
04/24/20 RBC Capital
Gap price target lowered to $8 from $14 at RBC Capital
04/23/20
Fly Intel: Top five analyst upgrades
04/23/20 Morgan Stanley
Morgan Stanley upgrades Gap to Equal Weight following 60% decline
Recommendations
Gap price target lowered to $5 from $10 at Barclays » 06:44
04/27/20
04/27
06:44
04/27/20
06:44
GPS

Gap

$6.91 /

-0.19 (-2.68%)

Barclays analyst Adrienne…

Barclays analyst Adrienne Yih lowered the firm's price target on Gap to $5 from $10 and keeps an Underweight rating on the shares. The analyst cut estimates for Gap to reflect the impact of COVID-19, the recent $2.25B debt raise, and dividend suspension. Yih assumes that store closures remain through May 31.

ShowHide Related Items >><<
GPS Gap
$6.91 /

-0.19 (-2.68%)

04/24/20 RBC Capital
Gap price target lowered to $8 from $14 at RBC Capital
04/23/20
Fly Intel: Top five analyst upgrades
04/23/20 Morgan Stanley
Morgan Stanley upgrades Gap to Equal Weight following 60% decline
04/23/20 Morgan Stanley
Gap upgraded to Equal Weight from Underweight at Morgan Stanley

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