Category Archives: Top Stocks

Here are the biggest analyst calls of the day: Amazon, Chevron, Activision Blizzard & more

Here are the biggest calls on Wall Street on Monday

Oppenheimer raised price target on Amazon to $2,085.00 from $1,975.00

Oppenheimer said Amazon is leading the way on artificial intelligence and cloud adoption.

“Raising target to $2,085 and maintaining Outperform rating after revisiting our AWS model to reflect our views on artificial intelligence and its impact on cloud adoption. We think AWS is well positioned as AI leads productivity improvements, forcing faster enterprise cloud adoption. The benefit for AWS is twofold: 1) most organizations will gain access to AI through their cloud platform, driving cloud adoption; 2) AI applications and services are high-margin recurring revenues that will help lock in enterprise providers. However, with each new successful AWS “vertical,” customers, regulators and investors will question whether AMZN should spin out AWS. We view this as possible when AMZN matures its advertising and video businesses.”

Morgan Stanley initiated Chevron as 'overweight'

Morgan Stanley said the company is well positioned in the Permian Basin and should see “strong free cash flow.”

“Strong free cash flow with attractive growth. CVX can grow production by 3-4% annually for the next 5+ years while generating meaningful free cash flow. CVX is less exposed than peers to near-term headwinds in Downstream & Chemicals. Low risk capital program. CVX’s growth strategy is anchored predominantly on short-cycle, high return shale investments with low execution risk. Low-royalty Permian position is a key differentiator. ~80% of CVX’s Permian acreage is low or no royalty, improving returns and cash flow significantly. CVX’s Permian growth target of 900 Mboe/d by 2023 appears achievable.”

J.P. Morgan downgraded Hain Celestial to 'neutral' from 'overweight'

J.P. Morgan said its thesis on the food company has not been altered and is downgrading the stock on valuation.

“We are downgrading the HAIN shares to Neutral from Overweight. The stock is +30% since 2/28/19, the best in our coverage by nearly 1,000 basis points. When we upgraded earlier this year, we opined that HAIN’s valuation multiples were too low given the company’s potential growth. This no longer is the case, in our view, given that the P/E since rose by over 10x. Thus, while we boost our price target by $3 to account for the entire food group’s recent re-rating, we maintain our EPS estimates and downgrade to Neutral purely on valuation.”

Berenberg upgraded UPS to 'buy' from 'hold'

Berenberg said UPS has built a strong business globally and will continue to show margin improvement.

“UPS has built a strong presence in European B2B delivery and we are increasingly confident that it will deliver margin improvement in both its International business and the US this year. Cash conversion remains strong and FCF guidance from UPS looks too conservative.”

Berenberg downgraded FedEx to 'hold' from 'buy'

Berenberg said FedEx is experiencing headwinds in some markets and issues from its TNT acquisition.

“We previously believed that FedEx could re-rate as margins increased and cash flow improved. Unfortunately, a slowdown in certain end-markets, indigestion from the acquisition of TNT and cost increases in FedEx Ground have pushed that objective out further than we would like. Until we have more certainty that the company is getting on top of these challenges, it is hard to see the shares outperforming. We therefore downgrade to Hold, with a new price target of $200.”

Guggenheim initiated Lyft as 'neutral'

Guggenheim said Lyft requires “too many big assumptions to make a case for the stock.”

“We understand the excitement around LYFT given a large total addressable market and low penetration, positioning along the front lines of a shift in how we think about transportation and, of course, strong topline growth. That said, we simply have to look too far out with too many big assumptions in order to make a case for the stock. Key issues include limited visibility on the path to profitability, sustainability of revenue growth, scale of investments in bikes, scooters and self-driving cars, and valuation.”

Read more about this call here.

Keefe, Bruyette, & Woods downgraded Wells Fargo to 'market perform' from 'outperform'

KBW said the lack of a permanent CEO and a shortfall in revenues will weight on the stock.

“Previously, we had viewed Wells Fargo as a self-help story based on expense saves and capital return but the expense leg of our investment thesis is no longer as meaningful based on our current forecast. The lack of a permanent CEO means that the anticipated 2020 expense savings will likely not materialize in full as previously planned. In addition, we believe there could be downside risks to our estimate as we had anticipated revenues inflecting in 2020 but a new CEO could decide to make large scale changes and revenues could be at risk. Overall, we felt WFC was moving in the right direction but without a permanent CEO the company has now moved to wait-and-see mode and in the current macro environment that is like a ship without engines in high seas. Ultimately, the company should be able to grow earnings in 2019 and 2020 and produce adequate returns with ongoing expense management this year and modest revenue growth next year which keeps us from moving to underperform. That said, we believe risks our more skewed to the downside as a new CEO could certainly opt to set targets lower and we believe a Market Perform rating is appropriate.”

Wedbush added Activision Blizzard to the 'best ideas' list

Wedbush said the game maker should continue to see growth and outperform in 2019.

“Activision Blizzard is well positioned to deliver significant outperformance in 2019 and outsized growth in 2020. A flattish performance for Call of Duty units, King outperformance, and mobile strength could drive FY:19 EPS closer to $2.40, well above guidance of $2.10, before taking into account Call of Duty on mobile in China and a new Call of Duty esports league. A $3.00 EPS figure in 2020 is possible from multiple call options: Significant growth for Call of Duty: Mobile and/or Diablo Immortal in the West, a new World of Warcraft expansion, a frontline Blizzard release, substantial King growth, and Call of Duty Blackout and/or Overwatch going free-to-play. Even if Activision Blizzard does not achieve $3.00 in EPS in FY:20, the perception of that possibility could lift the share price. At a 20x P/E multiple, shares would be worth $60 on the potential of $3.00 in FY:20 plus net cash.”

Cowen upgraded Astrazeneca to 'outperform' from 'market perform'

Cowen is bullish on the pharmaceutical company’s deal for a breast cancer drug and says the stock offers a, “compelling entry point.”

“AZN is delivering a strong turnaround, which previously we viewed as largely reflected in stock. However, last week’s deal for a promising breast cancer drug, in tandem with 5% stock decline, offers a compelling entry point. Upcoming news and further P&L improvement should power AZN shares. We are upgrading AZN to Outperform; price target raised to $48, 22x 2020E EPS, on increased visibility.”

Hot Casino Stocks To Watch For 2019

&l;p&g;The&a;nbsp;Wynn Resorts casino that is being built outside of Boston has been wrought with controversy. &a;nbsp;One of the most lucrative gambling licenses in the United States was awarded to &l;a href=&q;https://www.bostonglobe.com/metro/2014/09/16/wynn-resorts-boosts-sullivan-square-payments-gaming-commission-nears-vote-casino/TmXTOkZSxFy70COq3kCF8I/story.html&q; target=&q;_blank&q;&g;Wynn just four years ago&l;/a&g; and since then there has been one controversy after another.

Wynn undercut the efforts of a competing bid by Suffolk Downs racetrack/&l;a href=&q;https://mohegansun.com&q; target=&q;_blank&q;&g;Mohegan Sun&l;/a&g; to get the license. &a;nbsp;Suffolk, located near Boston&s;s Logan airport, had the support of the city of Boston and it seemed to be a shoe-in winner. &a;nbsp; However, Wynn whisked&a;nbsp;into town, found a plot of land just outside of Boston (right on the city limit line) and wowed most everyone with their vision of an urban casino. &a;nbsp;While the casino is now nearing completion, the controversy surrounding the entire project has escalated and now includes the commission who is supposed to be overseeing all of gaming in Massachusetts.

Hot Casino Stocks To Watch For 2019: Carpenter Technology Corporation(CRS)

Advisors’ Opinion:

  • [By Logan Wallace]

    Carpenter Technology Co. (NYSE:CRS) VP Timothy Lain sold 1,007 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $55.00, for a total transaction of $55,385.00. Following the completion of the transaction, the vice president now directly owns 11,288 shares of the company’s stock, valued at $620,840. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

  • [By Ethan Ryder]

    ValuEngine cut shares of Carpenter Technology (NYSE:CRS) from a buy rating to a hold rating in a research note published on Monday morning.

    Other equities research analysts also recently issued reports about the company. Cowen reiterated a buy rating and issued a $66.00 target price on shares of Carpenter Technology in a research report on Friday, June 1st. Zacks Investment Research upgraded Carpenter Technology from a sell rating to a hold rating in a research report on Monday, April 16th. Deutsche Bank boosted their target price on Carpenter Technology from $47.00 to $49.00 and gave the stock a hold rating in a research report on Wednesday, April 11th. Finally, Longbow Research downgraded Carpenter Technology from a buy rating to a neutral rating and set a $50.00 target price on the stock. in a research report on Monday, June 25th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Carpenter Technology presently has an average rating of Hold and a consensus target price of $56.50.

  • [By Ethan Ryder]

    Titan International (NYSE: TWI) and Carpenter Technology (NYSE:CRS) are both industrial products companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, dividends, risk, analyst recommendations, profitability, valuation and earnings.

  • [By Max Byerly]

    Get a free copy of the Zacks research report on Carpenter Technology (CRS)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Max Byerly]

    Crystal Amber Fund Limited (LON:CRS) announced a dividend on Friday, July 6th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 19th will be given a dividend of GBX 2.50 ($0.03) per share on Friday, August 17th. This represents a yield of 1.12%. The ex-dividend date is Thursday, July 19th. The official announcement can be viewed at this link.

Hot Casino Stocks To Watch For 2019: Envision Healthcare Holdings, Inc.(EVHC)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Robeco Institutional Asset Management B.V. purchased a new position in shares of Envision Healthcare (NYSE:EVHC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,732 shares of the company’s stock, valued at approximately $528,000.

  • [By Lisa Levin]

     

    Companies Reporting After The Bell
    Hertz Global Holdings, Inc. (NYSE: HTZ) is projected to post quarterly loss at $1.31 per share on revenue of $1.97 billion.
    International Flavors & Fragrances Inc. (NYSE: IFF) is estimated to post quarterly earnings at $1.59 per share on revenue of $909.36 million.
    Zillow Group, Inc. (NASDAQ: ZG) is expected to post quarterly earnings at $0.06 per share on revenue of $294.79 million.
    General Cable Corporation (NYSE: BGC) is estimated to post quarterly earnings at $0.15 per share on revenue of $980.61 million.
    Central Garden & Pet Company (NASDAQ: CENT) is expected to post quarterly earnings at $0.84 per share on revenue of $598.45 million.
    Cabot Corporation (NYSE: CBT) is estimated to post quarterly earnings at $1 per share on revenue of $746.42 million.
    Fabrinet (NYSE: FN) is expected to post quarterly earnings at $0.71 per share on revenue of $319.71 million.
    National General Holdings Corp. (NASDAQ: NGHC) is projected to post quarterly earnings at $0.55 per share on revenue of $1.08 billion.
    The Navigators Group, Inc. (NASDAQ: NAVG) is estimated to post quarterly earnings at $0.75 per share on revenue of $320.92 million.
    Diplomat Pharmacy, Inc. (NYSE: DPLO) is expected to post quarterly earnings at $0.22 per share on revenue of $1.29 billion.
    Trex Company, Inc. (NYSE: TREX) is projected to post quarterly earnings at $1.19 per share on revenue of $172.22 million.
    AMC Entertainment Holdings, Inc. (NYSE: AMC) is expected to post quarterly earnings at $0.09 per share on revenue of $1.35 billion.
    Envision Healthcare Corporation (NYSE: EVHC) is projected to post quarterly earnings at $0.64 per share on revenue of $2.02 billion.
    Regal Beloit Corporation (NYSE: RBC) is estimated to post quarterly earnings at $1.23 per share on revenue of $869.64 million.
    Amedisys, Inc. (NASDAQ: AMED) is projected to post quarterly earnings at $0.67 per share on revenue of $39

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on Envision Healthcare (EVHC)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Money Morning News Team]

    Recently, the large private equity firm KKR & Co. Inc. (NYSE: KKR) announced the purchase of Envision Healthcare Corp. (NYSE: EVHC). This acquisition has a $5.7 billion price tag, and the deal has a total value of $9.9 billion.

  • [By Logan Wallace]

    Shares of Envision Healthcare (NYSE:EVHC) have been given an average recommendation of “Hold” by the nineteen brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $40.19.

Hot Casino Stocks To Watch For 2019: Putnam Premier Income Trust(PPT)

Advisors’ Opinion:

  • [By Shane Hupp]

    Populous (CURRENCY:PPT) traded up 2.1% against the U.S. dollar during the 24 hour period ending at 11:00 AM Eastern on October 2nd. One Populous token can now be bought for approximately $3.21 or 0.00049181 BTC on major cryptocurrency exchanges including OKEx, Bithumb, Mercatox and LATOKEN. Populous has a market cap of $118.72 million and $1.26 million worth of Populous was traded on exchanges in the last 24 hours. Over the last week, Populous has traded 8.7% higher against the U.S. dollar.

Hot Casino Stocks To Watch For 2019: Silicon Graphics International Corp(SGI)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Superior Gold (CVE:SGI) will be releasing its earnings data before the market opens on Tuesday, August 21st. Analysts expect Superior Gold to post earnings of C$0.05 per share for the quarter.

Hot Casino Stocks To Watch For 2019: Ligand Pharmaceuticals Incorporated(LGND)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Ligand Pharmaceuticals (LGND)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on Ligand Pharmaceuticals (LGND)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on Ligand Pharmaceuticals (LGND)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Keith Speights, Chuck Saletta, and Brian Feroldi]

    That’s the question we presented to three Motley Fool contributors. They identified Ligand Pharmaceuticals (NASDAQ:LGND), Portola Pharmaceuticals (NASDAQ:PTLA), and Supernus Pharmaceuticals (NASDAQ:SUPN) as top biotech stocks to buy in September. Here’s why these biotechs stood out:

  • [By Stephan Byrd]

    New York State Common Retirement Fund raised its stake in shares of Ligand Pharmaceuticals Inc. (NASDAQ:LGND) by 30.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,216 shares of the biotechnology company’s stock after purchasing an additional 13,219 shares during the period. New York State Common Retirement Fund owned 0.27% of Ligand Pharmaceuticals worth $9,285,000 at the end of the most recent quarter.

  • [By Jon C. Ogg]

    Ligand Pharmaceuticals Inc. (NASDAQ: LGND) was maintained as Buy at Argus, but the firm lowered its target to $150 from $200. The independent research firm noted that recent weakness offers a buying opportunity as the company is believed to be on track to post solid earnings growth over the next several years. Ligand closed up 1.5% at $119.76 on Tuesday, in a 52-week range of $98.56 to $278.62.

Hot Casino Stocks To Watch For 2019: Franklin Financial Network, Inc.(FSB)

Advisors’ Opinion:

  • [By Shane Hupp]

    Franklin Financial Network Inc (NYSE:FSB) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 836,831 shares, a growth of 66.9% from the May 31st total of 501,425 shares. Approximately 6.4% of the shares of the company are sold short. Based on an average daily volume of 392,524 shares, the short-interest ratio is presently 2.1 days.

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Franklin Financial Network (FSB)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Stephan Byrd]

    ValuEngine lowered shares of Franklin Financial Network (NYSE:FSB) from a hold rating to a sell rating in a research report sent to investors on Monday.

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on Franklin Financial Network (FSB)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Max Byerly]

    Franklin Financial Network Inc (NYSE:FSB) – Stock analysts at Piper Jaffray Companies raised their Q3 2018 EPS estimates for shares of Franklin Financial Network in a note issued to investors on Monday, July 30th. Piper Jaffray Companies analyst W. Curtiss now expects that the financial services provider will post earnings of $0.68 per share for the quarter, up from their previous estimate of $0.66. Piper Jaffray Companies currently has a “Hold” rating and a $39.00 price target on the stock.