DAILY US EQUITY OPENING NEWS: Boeing (BA) – The co. has finalised a deal with Avalon for 75 737 Max Planes, which is valued at nearly USD 11bln

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20th November 2017

EARNINGS

N/A

 

DJIA

Apple (AAPL) / Intel (INTC) / Qualcomm (QCOM) – Apple’s iPhones in 2018 are expected to feature much faster baseband chips, with Intel providing 70% – 80% of the chips. (9to5Mac)

Boeing (BA) – The co. has finalised a deal with Avalon for 75 737 Max Planes, which is valued at nearly USD 11bln. (Newswires)

General Electric (GE) – The co. is yet to decide which directors will lose seats to create a board which is more suited with CEO John Flannery, however it is likely Andrea Jung and Shelly Lazarus, the longest serving directors on the board are among those leaving. (WSJ)

Verizon (VZ) – The co. is nearing a deal with the NFL for digital streaming rights. (Newswires)

 

S&P 500

Goodyear Tire (GT) – The co. announces they have extended their relationship with NASCAR. (Newswires)

Zions Bancorp (ZION) – The co. announces its intention to merge the parent company into its banking subsidiary. (Newswires)

 

NASDAQ 100

Baidu (BIDU) – The co is planning to offer self-driving buses in 2018. (DigiTimes)

Qualcomm (QCOM) / NXP Semiconductors (NXPI) - Qualcomm are set to win Japanese Anti-Trust clearance for the NXP deal. (Newswires)

Tesla (TSLA) – The co.’s new roadster is to cost USD 200,000, and can be reserved with a USD 50,000 deposit. (Newswires)

 

Other News

Acorda Therapeutics (ACOR) – The co. announces it has discontinued its Tozadenant development program. (Newswires)   

Alibaba (BABA) – The co. invests USD 2.9bln into Sun Art Retail group, one of China’s biggest supermarket chains in a bid to bring together ecommerce and physical stores. (Newswires)

Alnylam Pharmaceuticals (ALNY) – The co. announces they have received Breakthrough Therapy Designation from the FDA for its Patisiran. (Newswires)

Altice USA (ATUS) – The management at the co. announces they are not taking the decision to sell shares and that they will not pursue any new and meaningful M&A opportunities. (Newswires)

Honda (HMC) – The co. is recalling 900,000 minivans due to second row seats tipping forward. (Newswires)

Marvell Technology (MRVL) / Cavium (CAVM) – Marvell are to buy Cavium for approximately USD 6bln (stock deal valued at USD 80/shr). (Newswires)

United Therapeutics (UTHR) / Eli Lilly (LLY)– United Therapeutics announces the FDA has granted paediatric exclusivity for to sell Adcirca tablets for treatment of Pulmonary Arterial Hypertension under a license agreement with Eli Lilly. (Newswires)

 

BROKER MOVES

Upgrades

3D Systems (DDD) upgraded to Neutral from Underweight at Piper Jaffray

Ameris Bancorp (ABCB) upgraded to Outperform from Market Perform at Keefe Bruyette

BankUnited (BKU) upgraded to Outperform from Market Perform at BMO Capital

Catabasis Pharmaceuticals (CATB) upgraded to Buy from Neutral at Citi

Delphi (DLPH) upgraded to Buy from Neutral at BofA/Merrill

Diamondback Energy (FANG) upgraded to Overweight from Equal Weight at Barclays

Energen (EGN) upgraded to Overweight from Equal Weight at Barclays

First Data (FDC) upgraded to Outperform from Market Perform at BMO Capital

General Motors (GM) upgraded to Buy from Neutral at Guggenheim

HollyFrontier (HFC) upgraded to Buy from Hold at Argus

Kindred Healthcare (KND) upgraded to Hold from Sell at Stifel

Manitowoc (MTW) upgraded to Buy from Neutral at Seaport Global

Maxwell (MXWL) upgraded to Buy from Neutral at Roth Capital

National Beverage (FIZZ) upgraded to Positive from Neutral at Susquehanna

PetIQ (PETQ) upgraded to Buy from Hold at Jefferies

Retail Properties (RPAI) upgraded to Overweight from Sector Weight at KeyBanc

U.S. Silica (SLCA) upgraded to Overweight from Equal Weight at Barclays

Vale (VALE) upgraded to Outperform from Sector Perform at RBC Capital

Verizon (VZ) upgraded to Outperform from Market Perform at Wells Fargo

Viacom (VIAB) upgraded to Hold from Sell at Deutsche Bank

 

Downgrades

Acadia Realty Trust (AKR) downgraded to Sector Weight from Overweight at KeyBanc

Advanced Accelerator (AAAP) downgraded to Neutral from Overweight at JPMorgan

Almost Family (AFAM) downgraded to Sector Perform from Outperform at RBC Capital

Antero Resources (AR) downgraded to Equal Weight from Overweight at Barclays

Asanko Gold (AKG) downgraded to Hold from Buy at Canaccord

CalAtlantic (CAA) downgraded to Hold from Buy at Deutsche Bank

Cardinal Health (CAH) downgraded to Underweight from Equal Weight at Morgan Stanley

Cloud Peak (CLD) downgraded to Neutral from Overweight at JPMorgan

Five Below (FIVE) downgraded to Hold from Buy at Loop Capital

Gladstone Investment (GAIN) downgraded to Neutral at Wedbush

Gulfport Energy (GPOR) downgraded to Equal Weight from Overweight at Barclays

HMS Holdings (HMSY) downgraded to Neutral from Overweight at Cantor Fitzgerald

Hudson Pacific (HPP) downgraded to Neutral from Buy at Goldman Sachs

Jack in the Box (JACK) downgraded to Neutral from Outperform at Wedbush

LaSalle Hotel (LHO) downgraded to Underperform from In Line at Evercore ISI

Ligand (LGND) downgraded to Sell from Hold at Deutsche Bank

Live Nation (LYV) downgraded to In Line from Outperform at Evercore ISI

Monster Beverage (MNST) downgraded to Negative from Neutral at Susquehanna

Park Hotels & Resorts (PK) downgraded to In Line from Outperform at Evercore ISI

Prothena (PRTA) downgraded to Neutral from Outperform at Wedbush

Summit Hotel Properties (INN) downgraded to Neutral from Buy at Janney Capital

Wal-Mart (WMT) downgraded to Neutral from Buy at Goldman Sachs

 

Initiations

Ablynx (ABLX) initiated with an Outperform at Baird

Ablynx (ABLX) initiated with an Overweight at JPMorgan

Aethlon Medical (AEMD) initiated with a Buy at H.C. Wainwright

Blue Apron (APRN) initiated with a Sector Weight at KeyBanc

BP Midstream (BPMP) initiated with a Buy at Citi

BP Midstream (BPMP) initiated with a Neutral at Goldman Sachs

BP Midstream (BPMP) initiated with an Equal Weight at Barclays

BP Midstream (BPMP) initiated with an Overweight at JPMorgan

Callidus (CALD) Software initiated with an Equal-Weight at First Analysis

Chegg (CHGG) initiated with a Buy at Citi

ForeScout (FSCT) initiated with a Buy at UBS

Hercules Capital (HTGC) initiated with a Buy at Ladenburg

Innoviva (INVA) initiated with a Hold at Deutsche Bank

National Vision (EYE) initiated with a Buy at Citi

National Vision (EYE) initiated with a Buy at Jefferies

National Vision (EYE) initiated with a Neutral at BofA/Merrill

National Vision (EYE) initiated with a Neutral at Goldman Sachs

National Vision (EYE) initiated with a Neutral at UBS

National Vision (EYE) initiated with an Outperform at Wells Fargo

National Vision (EYE) initiated with an Overweight at Morgan Stanley

RealPage (RP) initiated with an Equal Weight at Morgan Stanley

Resolute Energy (REN) reinstated with an Overweight at Barclays

Shell Midstream (SHLX) resumed with a Buy at Citi

Signature Bank (SBNY) initiated with an Outperform at JMP Securities

Sterling Bancorp (STL) initiated with a Market Perform at JMP Securities

 

Ex-Dividends

Alaska Air Group Inc (ALK)- USD 0.30 

Apollo Global Management LLC (APO)- USD 0.39 

Brunswick Corp (BC)- USD 0.19 

Cable ONE Inc (CABO)- USD 1.75 

Extended Stay America Inc (STAY)- USD 0.21 

HollyFrontier Corp (HFC)- USD 0.33 

Main Street Capital Corp (MAIN)- USD 0.19 

Microchip Technology Inc (MCHP)- USD 0.36 

Moody's Corp (MCO)- USD 0.38 

Nielsen Holdings PLC (NLSN)- USD 0.34 

Ormat Technologies Inc (ORA)- USD 0.08 

Pitney Bowes Inc (PBI)- USD 0.19 

Skyworks Solutions Inc (SWKS)- USD 0.32 

Valero Energy Corp (VLO)- USD 0.70 

20 Nov 2017 - 13:39- EnergyResearch Sheet- Source: RANsquawk

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