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June 19, 2014
10:01 EDTPPO, GMCR, EOG, VOD, NVDA, KED, CAG, TRLA, MEAS, GABC, CAJ, TWTC, CCJ, AFLYY, BBG, BRGYYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Air France-KLM (AFLYY) downgraded to Sell from Neutral at UBS... BG Group (BRGYY) downgraded to Underperform from Neutral at Credit Suisse... Bill Barrett (BBG) downgraded to Neutral from Buy at Mizuho... Cameco (CCJ) downgraded to Market Perform from Outperform at Raymond James... Canon (CAJ) downgraded to Hold from Buy at Jefferies... ConAgra (CAG) downgraded at BofA/Merrill... EOG Resources (EOG) downgraded to Accumulate from Buy at KLR Group... German American Bancorp (GABC) downgraded at DA Davidson... Juniper (JNPR) downgraded to Neutral from Buy at Mizuho... Kayne Anderson (KED) downgraded to Hold from Buy at Stifel... Keurig Green Mountain (GMCR) downgraded to Neutral from Buy at Buckingham... Measurement Specialties (MEAS) downgraded to Hold from Buy at Needham... NVIDIA (NVDA) downgraded at BofA/Merrill... Polypore (PPO) downgraded to Neutral from Outperform at Wedbush... Trulia (TRLA) downgraded to Sector Perform from Outperform at RBC Capital... Vodafone (VOD) downgraded to Neutral from Buy at BofA/Merrill... tw telecom (TWTC) downgraded to Underweight from Equal Weight at Stephens.
News For AFLYY;BRGYY;BBG;CCJ;CAJ;CAG;EOG;GABC;KED;GMCR;MEAS;NVDA;PPO;TRLA;VOD;TWTC From The Last 14 Days
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July 20, 2015
16:40 EDTGMCRKeurig Green Mountain initiated with a Neutral at Sterne Agee CRT
14:22 EDTVODEarnings Watch: Verizon to report Q2 results after AOL acquisition
Verizon Communications (VZ) is expected to report second quarter earnings before the market open on Tuesday, July 21, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for earnings per share of $1.01 on revenue of $32.45B, according to First Call. The consensus range for EPS is 93c-$1.05 on revenue of $31.75B-$33.0B. LAST QUARTER: Verizon reported first quarter EPS of $1.02 against estimates for 95c on revenue of $32B against estimates for $32.27B. Verizon Wireless had 565,000 retail postpaid net additions in Q1, a 4.8% increase compared with first-quarter 2014. At the end of Q1, the company had 108.6M retail connections, a 5.1% year-over-year increase, and had 102.6M retail postpaid connections. The company added 621,000 4G smartphones to its customer base in Q1. In light of a net decline in 3G smartphones, overall smartphone growth totaled 247,000. The company also added 820,000 4G tablets and reported net declines of 385,000 basic phones and 188,000 prepaid devices in Q1. 4G devices now constitute approximately 70% of the retail postpaid connections base, up from 49% a year ago – with the 4G LTE network handling about 86% of total wireless data traffic in Q1. At 1.03% in Q1, retail postpaid churn improved both sequentially and year over year. Retail postpaid smartphone customer churn was less than 0.9%. Verizon added 133K net new FiOS Internet, and 90K net new FiOS Video connections in Q1. Verizon had totals of 6.7M FiOS Internet and 5.7M FiOS Video connections at the end of the first quarter, representing year-over-year increases of 9.4% and 7.9%, respectively. CEO Lowell McAdam said, “We are confident in our ability to maintain momentum and continue to add value for customers and shareholders.” On May 12, Verizon announced it would acquire AOL for $50 per share, or $4.4B. The transaction was completed on June 23. On May 19, speaking at the JPMorgan Global Technology, Media and Telecom Conference, CFO Fran Shammo said he expects net phone additions in Q2. ANALYST REACTION: Street research has been mostly mixed in the weeks leading up to Verizon’s Q2 earnings report. On May 12, Macquarie downgraded Verizon to Underperform from Neutral with a $45 price target to reflect a weaker 2016 and 2017 earnings outlook. The firm's analyst believed management has made a series of questionable strategic moves beginning with the Vodafone (VOD) deal that will depress earnings. Recent advertising promotions are likely to pressure 2015 margins and ARPU and LTE capacity issues are expected in certain markets later in the year. Macquarie is surprised Verizon shares have held in around $50 with treasury yields rising and increasing Q2 promotions and does not believe this is sustainable ahead of a reset in consensus estimates. Conversely, on July 9, Stifel resumed coverage of Verizon with a Buy rating and price target of $60 per share. PRICE ACTION: Verizon’s shares are down about 3% since the company's Q1 report. Over the past twelve months, they are down about 5.7%. In afternoon trading ahead of Tuesday's Q2 report, Verizon’s shares are up 0.6%.
07:41 EDTVODBT CEO: Company split doesn't solve problems, Telegraph reports
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06:12 EDTBRGYYRoyal Dutch Shell may cut CapEx for the year, FT reports
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July 19, 2015
16:33 EDTBRGYYShell expects 'billions' more in synergies from BG Group deal, FT says
Shell (RDS.A, RDS.B) CFO Simon Henry told a group of roughly 40 investors and analysts that the company's proposed acquisition of BG Group (BRGYY) is financially sound despite less-than-ideal oil prices due to "value synergies" at a multiple of $1B, reports the Financial Times, citing sources present at Henry's speech. The CFO insisted that the takeover works even with oil near $70 a barrel, explaining that cash flow would be immediately improved and the current dividend would be maintained, said the sources. Reference Link
July 17, 2015
10:52 EDTGMCRKeurig Green Mountain volatility elevated into Q3 and outlook
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05:55 EDTGMCRStocks with implied volatility above IV index mean; XOMA GMCR
Stocks with implied volatility above IV index mean; XOMA (XOMA) 295, Keurig Green Mountain (GMCR) 50 according to iVolatility.
July 16, 2015
10:03 EDTCAJCanon enters U.S. 3-D machine vision market
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08:18 EDTNVDASeveral stocks attractive following Intel results, says JMP Securities
For investors looking to take advantage of the sentiment shift the Intel (INTC) results could mean for the group and stronger demand due to seasonality and the Windows 10 launch, JMP Securities recommends Nvidia (NVDA) and Micron (MU). The firm says that both stocks have more attractive valuations and "more strategic roadmaps" than Intel. It also recommends Apple (AAPL) and Qualcomm (QCOM) as more attractive and secure dividend growth plays.
July 15, 2015
19:03 EDTNVDAOn The Fly: After Hours Movers
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18:05 EDTNVDAIntel pulls semiconductor peers higher after reporting Q2 results
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10:52 EDTGMCRStocks with call strike movement; CHK GMCR
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10:01 EDTVODOn The Fly: Analyst Downgrade Summary
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08:03 EDTNVDAJuniper names Bob Worrall as SVP, Chief Information Officer
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06:11 EDTVODVodafone downgraded to Neutral from Buy at Goldman
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July 14, 2015
17:46 EDTVODVodafone downgraded to Neutral from Buy at Goldman
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10:01 EDTBBG, EOGOn The Fly: Analyst Initiation Summary
8point3 Energy (CAFD) initiated with a Buy at Deutsche Bank... Abraxas Petroleum (AXAS) initiated with a Market Perform at Cowen... Amarantus Bioscience (AMBS) initiated with a Buy at WallachBeth... Ashford Hospitality Prime (AHP) initiated with a Hold at Canaccord... Ashford (AINC) initiated with a Hold at Canaccord... BE Aerospace (BEAV) initiated with a Neutral at JPMorgan... Bed Bath & Beyond (BBBY) initiated with a Neutral at Longbow... Benchmark Electronics (BHE) initiated with a Buy at B. Riley... Bill Barrett (BBG) initiated with a Market Perform at Cowen... Boeing (BA) initiated with an Overweight at JPMorgan... Bombardier (BDRBF) initiated with a Neutral at JPMorgan... Cablevision (CVC) initiated with a Hold at Deutsche Bank... Charter (CHTR) initiated with a Buy at Deutsche Bank... Chesapeake (CHK) initiated with an Equal Weight at Stephens... Comcast (CMCSA) initiated with a Hold at Deutsche Bank... DiamondRock (DRH) initiated with a Buy at Canaccord... Diamondback Energy (FANG) initiated with an Outperform at Cowen... EOG Resources (EOG) initiated with an Overweight at Stephens... Fogo De Chao (FOGO) initiated with a Buy at Jefferies... General Dynamics (GD) initiated with an Overweight at JPMorgan... HP (HPQ) initiated with a Hold at Maxim... Hanover Insurance (THG) initiated with an Overweight at Piper Jaffray... Harris (HRS) initiated with a Neutral at JPMorgan... Hospitality Properties (HPT) initiated with a Hold at Canaccord... Host Hotels (HST) initiated with a Hold at Canaccord... Hydrogenics (HYGS) initiated with a Buy at Rodman & Renshaw... King Digital (KING) initiated with an Overweight at Morgan Stanley... L-3 Communications (LLL) initiated with a Neutral at JPMorgan... La-Z-Boy (LZB) initiated with a Neutral at Longbow... LaSalle Hotel (LHO) initiated with a Hold at Canaccord... MINDBODY (MB) initiated with a Buy at UBS... Marriott (MAR) initiated with a Hold at Canaccord... Newfield Exploration (NFX) initiated with a Buy at Global Hunter... Northern Oil and Gas (NOG) initiated with a Market Perform at Cowen... Northrop Grumman (NOC) initiated with an Underweight at JPMorgan... Oasis Petroleum (OAS) initiated with an Outperform at Cowen... PDC Energy (PDCE) initiated with an Outperform at Cowen... Pier 1 Imports (PIR) initiated with a Buy at Longbow... Plexus (PLXS) initiated with a Buy at B. Riley... Raytheon (RTN) initiated with a Neutral at JPMorgan... RetailMeNot (SALE) initiated with an Equal Weight at Morgan Stanley... Rockwell Collins (COL) initiated with a Neutral at JPMorgan... Spirit AeroSystems (SPR) initiated with an Overweight at JPMorgan... Starwood (HOT) initiated with a Buy at Canaccord... Strategic Hotels (BEE) initiated with a Buy at Canaccord... Summit Hotel Properties (INN) initiated with a Buy at Canaccord... Textron (TXT) initiated with a Neutral at JPMorgan... Time Warner Cable (TWC) initiated with a Buy at Deutsche Bank... TransDigm (TDG) initiated with an Overweight at JPMorgan... TrueCar (TRUE) initiated with an Equal Weight at Morgan Stanley... Whiting Petroleum (WLL) initiated with an Outperform at Cowen... XL Group (XL) initiated with an Overweight at Piper Jaffray... Zillow Group (Z) initiated with an Overweight at Morgan Stanley... Zynga (ZNGA) initiated with an Equal Weight at Morgan Stanley.
08:16 EDTEOGEOG Resources initiated with an Overweight at Stephens
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08:10 EDTBBGBill Barrett initiated with a Market Perform at Cowen
Target $8.
07:32 EDTCAGFederal Reserve Bank of Kansas City to hold a symposium
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