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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 10:17 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. AMD (AMD) upgraded to Overweight from Neutral at Piper Sandler with analyst Harsh Kumar saying the recent pullback in the shares due to the coronavirus provides an attractive opportunity for long-term investors. 2. Tesla (TSLA) upgraded to Outperform from Market Perform at JMP Securities with analyst Joseph Osha stating the recent "market-driven" pullback driven by virus disruptions provides investors with a good opportunity to enter the stock. 3. UPS (UPS) upgraded to Buy from Hold at Deutsche Bank with analyst Amit Mehrotra pointing to "opportunity" following its sell-off and saying the stock appears to be de-risked with an implied dividend yield of 4.4%. 4. Vale (VALE) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Carlos De Alba stating shares are now fully discounting all potential liabilities related to the Brumadinho dam collapse and have become "too cheap to ignore". 5. Yeti (YETI) upgraded to Buy from Neutral at Citi with analyst Wendy Nicholson saying the stock has pulled back 15% year-to-date, but with 96% of its sales in the U.S., Yeti's growth outlook this year should not see any material weakness from the coronavirus. 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 AMD;TSLA;UPS;VAL;YETI From the Last 2 Days
Jul 23, 2021 | 09:43 EDT
As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on... To see the rest of the story go to See Story Here
Jul 23, 2021 | 12:19 EDT
Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly. 1... To see the rest of the story go to See Story Here
Jul 23, 2021 | 08:39 EDT
Jefferies analyst Mark Lipacis lowered the firm's price target on Intel (INTC) to $52 from $54 and keeps a Hold rating on the shares following the company's Q2 earnings report and call. At a time when Intel's business model is transitioning, its "market dominance is getting whittled away" by Nvidia (NVDA), AMD (AMD), Ampere and home-grown ARM solutions from its biggest customers, said Lipacis, who expects continued pressure on Intel's margins.
Jul 23, 2021 | 06:34 EDT
The auto industry's push into electric vehicles has gained traction this year, with sales of plug-in vehicles doubling during the first half of 2021, outpacing the 29% rise of total vehicle sales, Mike Colias of The Wall Street Journal reports, citing Wards Intelligence. The main factor for electric vehicle gains is Tesla (TSLA), whose U.S. sales rose 78% through June. Other new electric offerings from companies such as Ford Motor (F) and Volkswagen (VWAGY) also helped push sales of plugs-in electric vehicles. Reference Link
Jul 22, 2021 | 13:00 EDT
Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly. 1... To see the rest of the story go to See Story Here
Jul 22, 2021 | 08:55 EDT
Wednesday's total option volume of 33.6 million contracts resulted in net open interest growth of 5.15 million calls and 3.70 million puts. Petrobras (PBR), Tesla (TSLA), AMC Entertainment (AMC) and Apple (AAPL) saw the greatest growth. Top five new positions opened include 48k Tesla (TSLA) 7/30 weekly 500 puts, 36k Petrobras (PBR) 8/6 weekly 12.5 calls, 35k Petrobras (PBR) 7/30 weekly 10 puts, 34k Petrobras (PBR) Aug-21 12 calls and 34k Petrobras (PBR) 7/30 weekly 10.5 puts.
Jul 21, 2021 | 08:40 EDT
Piedmont Lithium (PLL) last fall signed a deal to supply Tesla (TSLA) with lithium sourced from its deposits in North Carolin and has hired investment banks to find investors for its $840M project that would involve an open-air pit and facilities to produce lithium based EV battery chemicals, but the company has yet to apply for a state mining permit or a necessary zoning variance in Gaston County, Ernest Scheyder of Reuters reported on Tuesday. Five of the seven members of the county's board of commissioners, who control zoning changes, have said they may block or delay Piedmont's project due to the company not disclosing what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected. "Piedmont has sort of put the proverbial cart before the horse," said Tom Keigher, chair of the board of commissioners. "Why in the world would they make this deal with Tesla before they even have approval for the mine?" Reference Link
Jul 21, 2021 | 06:17 EDT
Tesla CEO Elon Musk said Tuesday the Tesla Supercharger network will be open to other types of electric vehicles in 2021. Musk said via Twitter: "We created our own connector, as there was no standard back then & Tesla was only maker of long range electric cars. It's one fairly slim connector for both low & high power charging. That said, we're making our Supercharger network open to other EVs later this year." Reference Link