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Fly News Breaks for January 14, 2020
Jan 14, 2020 | 10:08 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Underweight from Neutral at Atlantic Equities with analyst James Cordwell telling investors that the stock's 50% relative outperformance over the last 12 months has been driven "entirely" by multiple expansion. 2. Freeport McMoRan (FCX) downgraded to Underperform from Neutral at Credit Suisse with analyst Curt Woodworth stating the company "lacks valuation support" given mid-cycle EBITDA and the copper production reset "sharply lower" in 2023. 3. Sysco (SYY) downgraded to Neutral from Overweight at Piper Sandler with analyst Nicole Miller Regan citing Monday's "unanticipated" CEO transition announcement. 4. Take-Two (TTWO) downgraded to Equal Weight from Overweight at Stephens with analyst Jeff Cohen stating that it is not clear that they will have a blockbuster non-sports title within the company's currently announced FY21 release slate. 5. Delphi Technologies (DLPH) downgraded to Hold from Buy at Deutsche Bank with analyst Emmanuel Rosner saying hew worries that industry demand and powertrain mix in Europe could be a large source of uncertainty and production volatility in 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For AAPL;FCX;SYY;TTWO;DLPH From the Last 2 Days
Oct 27, 2020 | 12:31 EDT
For this week's edition of "Game On," The Fly spoke with Jefferies analyst Alex Giaimo in an exclusive interview on a variety of gaming subjects, including the upcoming earnings season for big publishers, cloud gaming, and more. NEW CONSOLES: Ahead... To see the rest of the story go to See Story Here
Oct 27, 2020 | 08:55 EDT
Monday's total option volume of 28.1 million contracts resulted in net open interest growth of 4.04 million calls and 3.95 million puts. Apple (AAPL), Intel (INTC), Advanced Micro (AMD) and Microsoft (MSFT) saw the greatest growth. Top five new positions opened include 30k Citi (C) Jun-21 47.5 calls, 24k Intel (INTC) Nov-20 50 calls, 21k Ford (F) Nov-20 7.5 puts, 20k Ford (F) Mar-21 10 calls and 16k Intel (INTC) Nov-20 50 puts.
Oct 26, 2020 | 10:06 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BUY APPLE: Atlantic... To see the rest of the story go to See Story Here
Oct 26, 2020 | 07:35 EDT
Notable call activity was cited Friday in Apple (AAPL), American Airlines (AAL), Macy's (M), and Juniper Networks (JNPR).
Oct 26, 2020 | 06:43 EDT
Citi analyst Jim Suva keeps a Buy rating on Apple with a $125 price target ahead of the company's results on October 29. With no impact from new iPhone 12 in the September quarter, the analyst expects management to highlight Apple's "multiple and diverse" product revenue streams and showcase the company's installed base and subscriber monetization efforts. In the September quarter, upside to estimates could be driven by iPads, Macs and Wearables as work from home and stay at home trends continued to drive uptick in consumer tech spending during the quarter, Suva tells investors in a research note. For iPhones, he now sees an "attractively priced lineup" of phones and U.S. carrier promotions boding well for a "strong" Christmas season.