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The Channel

  1. Netflix rises on better than feared...

    42 minutes ago
    The Fly
  2. Say What? Trump’s NEC Director Kudlow...

    29 minutes ago
    Silver Doctors
  3. Syros sinks after stopping development...

    15 minutes ago
    The Fly
  4. Netflix reactions, Comerica downgrades...

    13 minutes ago
    The Fly
  5. Waitr Holdings sinks below $1 after...

    11 minutes ago
    The Fly
  6. Fly Intel: Top five analyst initiations

    22 minutes ago
    The Fly
  7. Fly Intel: Top five analyst downgrades

    22 minutes ago
    The Fly
  8. Fly Intel: Top five analyst upgrades

    22 minutes ago
    The Fly

Trade Idea of the Day Presented by: The Fly

Fly Intel: Pre-market Movers

UP AFTER EARNINGS: Bank of America (BAC), up 2%... BNY Mellon (BK), up 2%... Sleep Number (SNBR), up 5%. ALSO HIGHER: Achillion (ACHN), up 75% after agreeing to be acquired by Alexion (ALXN) for $6.30 per share. DOWN AFTER EARNINGS: Abbott (ABT), down 3%. ALSO LOWER: Adobe (ADBE), down 3% after... Read More

Retail Sales decreased 0.3% in September

On a monthly basis, retail sales decreased 0.3 percent from August to September (seasonally adjusted), and sales were up 4.1 percent from September 2018. From the Census Bureau report: Advance estimates of U.S. retail and food services sales for September 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $525.6 billion, a decrease of 0.3 percent from the previous month, but 4.1 percent above September 2018. This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).Retail sales ex-gasoline were down 0.2% in....

Tech Data investors likely to want higher takeout price, says Stifel

Stifel analyst Matthew Sheerin raised his price target for Hold-rated Tech Data (TECD) to $125 from $105 after Reuters reported that Apollo Global Management (APO) has made an offer to acquire the company for about $130 per share, or $4.8B, a 17% premium to last night's closing price. The stock in premarket trading is up 14%, or $15.16, to $126.50. The analyst says that although Tech Data's board is obligated to give serious consideration to any takeout offers, he would not be surprised to see the company consider other, potentially higher offers. Tech Data has shown strong execution in recent quarters, and some...

NY Fed: Manufacturing "Business activity grew slightly in New York State"

From the NY Fed: Empire State Manufacturing Survey Business activity grew slightly in New York State, according to firms responding to the October 2019 Empire State Manufacturing Survey. The headline general business conditions index edged up two points to 4.0. There was only a small increase in new orders, but shipments picked up. Delivery times decreased slightly, while inventories were little changed. Employment levels and hours worked both increased modestly. The index for number of employees came in at 7.6, pointing to ongoing modest employment gains, and the average workweek index rose seven...

Tesla alone in 'positive sum game of growth and earnings,' says Jefferies

Tesla when reporting Q3 results should show progress on industrial margin, Shanghai ramp-up and future products, Jefferies analyst Philippe Houchois tells investors in a pre-earnings research note titled "Positive sum game continues in Q3." The launch of competing electric vehicle "continue to underline Tesla's product edge in our view, especially at the Model 3 price point," writes the analyst. He believes that as electrification accelerates, Tesla is the only manufacturer "in a positive sum game of growth and earnings." Houchois anticipates a number of announcements in the course of Q4, possibly on the October 23 earnings call, regarding...

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Fastenal (FAST) downgraded to Market Perform from Strong Buy at Raymond James and to Equal Weight from Overweight at Stephens. 2. AMC Networks (AMCX) downgraded to Underperform from In Line at Evercore ISI with analyst David Joyce saying given his industry view of accelerating cord-cutting trends, the analyst views AMC's reward/risk tradeoff as unfavorable at current share levels. 3. Delta Air Lines (DAL) downgraded to Equal Weight from Overweight at Stephens with analyst Jack Atkins saying investors are "understandably frustrated" that despite a highly favorable operating environment this year, Delta is unable to more aggressively...

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nike (NKE) upgraded to Neutral from Underperform at BofA/Merrill with analyst Robert Ohmes saying that he expects the "accelerated democratization" of the brand to offset the broader future challenges around "significant" third-party retail store closures and global stagnation in "performance" footwear/apparel. 2. Western Digital (WDC) upgraded to Buy from Hold at Loop Capital with analyst Ananda Baruah citing his findings that flash memory average selling prices are set to increase starting in the September and December quarters while also sustaining those increases in 2020, along with expectations of strong...

Bernstein upgrades 'historically cheap' Johnson & Johnson to Outperform

ernstein analyst Lee Hambright upgraded Johnson & Johnson to Outperform from Market Perform with a price target of $155, up from $148. The shares in premarket trading are up $1.94, or 1.5%, to $131. The stock is "historically cheap," currently trading at a 17% discount to its sum-of-the-parts and a 13% discount to the S&P 500 Index, Hambright tells investors in a research note. The analyst, who believes J&J will resolve its legal liability for $10B-$12B, says the shares reflect a worst case scenario with $50B of liabilities being priced in. Following discussions with legal experts, Hambright has a "hard time seeing the worst-case scenarios playing out." The analyst estimates Johnson & Johnson faces...

Houston Real Estate in September: Sales up 9.5% YoY, Inventory Up 7%

Another hot regional market in September. From the HAR: The Houston Housing Market Shows no Letup in September. Houston home sales registered the seventh positive month of 2019 in September as consumers continued to take advantage of low mortgage interest rates, keeping a market that normally slows down this time of year buzzing. According to the latest monthly report from the Houston Association of Realtors (HAR), sales of single-family homes across the Houston area totaled 7,035 in September. That is up 9.5 percent year-over-year and marks the second largest one-month sales volume of the year. On a year-to-date basis, home sales are running 3.8 percent...

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