Fly Intel: Wall Street's top stories for Thursday » 16:4101/2301/23/20
CMCSA, CMCSK, PG, TRV, MU, WDC, WFC, NFLX, CTXS, JBLU, IMAX, FCX, VFC
Stocks were sliding on…
FDA highlights cybersecurity vulnerabilities in certain GE telemetry servers » 13:4801/2301/23/20
The Food and Drug…
The Food and Drug Administration is "raising awareness among health care providers and facility staff that cybersecurity vulnerabilities in certain GE Healthcare Clinical Information Central Stations and Telemetry Servers may introduce risks to patients while being monitored." These devices are used mostly in health care facilities for displaying information, such as the physiologic parameters of a patient and monitoring patient status from a central location in a facility. To date, the FDA is not aware of any adverse events related to these vulnerabilities. On November 12, GE Healthcare issued an "Urgent Medical Device Correction" letter informing consumers of security vulnerabilities for certain GE Healthcare Clinical Information Central Stations and Telemetry Servers, the FDA said. Reference Link
Fly Intel: Wall Street's top stories at midday » 12:1701/2301/23/20
CMCSA, PG, TRV, MU, WDC, PAYC, SLM, JBLU, GLOP, FCX, VFC
Stocks are sliding again…
Memory makers gain as analysts highlight pricing strength, 5G impact » 11:5701/2301/23/20
MU, WDC, SSNLF, SIMO, AAPL
Shares of Micron (MU) and…
GE, Micron, Western Digital upgrades among today's top analyst calls » 11:1701/2301/23/20
GE, MU, WDC, LB, TSLA, CTVA
Check out today's top…
Fly Intel: Top five analyst downgrades » 10:1801/2301/23/20
TSLA, AAP, BJ, WCN, DLTR
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Neutral from Outperform at Exane BNP Paribas. 2. Advance Auto Parts (AAP) downgraded to Neutral from Overweight at Atlantic Equities. 3. BJ's Wholesale (BJ) downgraded to Neutral from Buy at BofA with analyst Robert Ohmes citing potential risks to same store sales and membership renewals as a result of the ongoing merchandising transitions and unfavorable exposure to the Northeast, which is experiencing a decline in population and softer economy. 4. Waste Connections (WCN) downgraded to Neutral from Overweight at JPMorgan with analyst Stephanie Yee citing valuation. 5. Dollar Tree (DLTR) downgraded to Neutral from Buy at BofA with analyst Robert Ohmes saying the company's merchandising and leadership transition may result in continued margin pressure at its Family Dollar division. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Fly Intel: Top five analyst upgrades » 10:1801/2301/23/20
LB, GE, CVX, WDC, MU, XEC
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. L Brands (LB) double upgraded to Overweight from Underweight at Barclays with analyst Adrienne Yih saying she believes there is "meaningful upside" to the shares if either management or activist Barington announce measures to improve the business and unlock inherent asset value. 2. General Electric (GE) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Joshua Pokrzywinski saying he sees its Aviation unit as a "best-in-class franchise" and that he believes the risk from the continued grounding of the Boeing (BA) 737 MAX appears limited. 3. Chevron (CVX) upgraded to Outperform from Sector Perform at Scotiabank. 4. Western Digital (WDC) and Micron (MU) upgraded to Overweight from Equal Weight at Morgan Stanley. 5. Cimarex Energy (XEC) upgraded to Outperform from Neutral at Credit Suisse with analyst Betty Jiang saying double digit oil production growth looks achievable in 2020 and believes the year could be setting up as an inflection year for Cimarex. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Early notable gainers among liquid option names on January 23rd » 09:5501/2301/23/20
CTXS, PCG, KMB, KMI, GE
Notable gainers among…
Notable gainers among liquid option names this morning include Citrix (CTXS) $126.71 +7.60, PG&E (PCG) $13.11 +0.56, Kimberly Clark (KMB) $148.66 +4.11, Kinder Morgan (KMI) $21.43 +0.48, and General Electric (GE) $11.63 +0.26.
5G phone launches 'quickly soaking up' excess memory inventory, says Cowen » 09:4401/2301/23/20
MU, SIMO, WDC, AAPL, SSNLF
Cowen analyst Karl…
Cowen analyst Karl Ackerman's field work across the memory supply chain indicates entry level configurations of DRAM and NAND are 50% and 100% higher, respectively, for premium tier 5G handsets launching this year from Samsung (SSNLF), Huawei and Apple (AAPL). This is causing supply tightness and should put upward pressure on average selling price contracts, Ackerman tells investors in a research note. The analyst sees Micron Technology (MU) and Silicon Motion (SIMO) as the largest beneficiaries, though he notes that Western Digital (WDC) is also well positioned. While investors generally understand new smartphone launches should reduce excess memory inventory, many do not yet fully appreciate the incremental memory content on new 5G flagship launches in 2020, contends Ackerman. He thinks 5G smartphone build plans are "quickly soaking up excess inventory" that should accelerate demand and enable revenue and profitability to materially improve for memory providers the next few quarters.
Fly Intel: Pre-market Movers » 09:0601/2301/23/20
GE, LB, PG, PCG, CMCSA, CMCSK, MTB, TER, VFC, ZYME, GLOP
HIGHER: PG&E (PCG),…
HIGHER: PG&E (PCG), up 6% after reaching an agreement with all claim holders who executed commitment letters in support of the alternative Chapter 11 Plan of Reorganization filed by the Ad Hoc Committee of Senior Unsecured Noteholders in PG&E's Chapter 11 cases... General Electric (GE), up 3% after Morgan Stanley analyst Joshua Pokrzywinski upgraded shares to Overweight from Equal Weight with a price target of $14, up from $11... L Brands (LB), up 4% after Barclays analyst Adrienne Yih double upgraded the stock to Overweight from Underweight with a price target of $30, up from $15. UP AFTER EARNINGS: M&T Bank (MTB), up 2%... Teradyne (TER), up 8%. DOWN AFTER EARNINGS: Comcast (CMCSA), down 1%... Procter & Gamble (PG), down 2%... VF Corp. (VFC), down 6%. ALSO LOWER: Zymeworks (ZYME), down 2% after its 4.925M share secondary priced at $46.50... GasLog Partners (GLOP), down 5% after Evercore ISI analyst Jonathan Chappell downgraded shares to Underperform from Outperform with a price target of $11, down from $24... ImmunoGen (IMGN), down 6% after its 21.325M share spot secondary priced at $4.25.