Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Jul 2, 2015 at 9:25 AM
Updated on Jul 2, 2020 at 2:21 PM
  • Analyst Downgrades

Analysts are weighing in today on money transfer issue Xoom Corp (NASDAQ:XOOM), as well as commodities concerns Alcoa Inc (NYSE:AA) and Cliffs Natural Resources Inc (NYSE:CLF). Here's a quick roundup of today's bearish brokerage notes on XOOM, AA, and CLF.

  • XOOM is surging ahead of the bell, after being acquired by PayPal -- itself owned by eBay Inc (NASDAQ:EBAY) -- for $890 million in cash, or $25 per share. The purchase price represents a premium of nearly 21% to last night's close at $20.70, and has Xoom Corp up by an equivalent margin. On the Street, Baird downgraded XOOM to "neutral" from "outperform," but -- along with Stifel -- upped its price target to $25. Meanwhile, short sellers may be feeling the heat this morning. A lofty 15.8% of the equity's float is sold short, which represents more than 11 sessions' worth of pent-up buying power, at typical volumes.

  • Deutsche Bank weighed in on a number of metal producers, including AA -- lowering its price target by $3 to $16. The downward revision is hardly surprising (or unprecedented), considering the stock has lost 30% year-to-date to trade at $11.07, and just yesterday touched an annual low of $10.94. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), traders have bought to open 6.70 Alcoa Inc calls for every put over the past 10 sessions -- a ratio that ranks in the bullishly skewed 87th percentile of its 52-week range. Looking ahead, AA will unofficially kick off second-quarter earnings season next Wednesday night.

  • CLF also got hit with a price-target cut from Deutsche Bank, which trimmed its forecast to $5 from $5.50. Yesterday, the stock settled at $4.21, down more than 73% year-over-year, and close to a decade-plus low of $4.12, touched in mid-March. This morning, however, the shares are up 1.2% in electronic trading. Short sellers have been flocking to Cliffs Natural Resources Inc amid its long-term downtrend. Nearly half of the equity's float is sold short, representing nine days of trading, at typical volumes.

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Published on Jul 1, 2015 at 9:26 AM
Updated on Jul 2, 2020 at 2:21 PM
  • Analyst Downgrades

Analysts are weighing in today on java giant Starbucks Corporation (NASDAQ:SBUX), coal concern Peabody Energy Corporation (NYSE:BTU), and watch maker Fossil Group Inc (NASDAQ:FOSL). Here's a quick roundup of today's bearish brokerage notes on SBUX, BTU, and FOSL.

  • SBUX was removed from Goldman Sachs' "America's Conviction" list, despite its nearly 31% year-to-date lead. Also, at $53.62, the shares are approaching their record high of $54.75 from last Friday, helped by several bounces off their 20-day moving average. Amid Starbucks Corporation's uptrend, short selling has picked up -- spiking over 23% during the latest reporting period. A quick exit by these skeptics could further energize the technical outperformer.

  • Yesterday's current-quarter profit warning (subscription required) from BTU sank the shares 12.8%. That trend will likely continue today, with the stock down another 2.5% ahead of the bell following a price-target cut to $9 from $10 at Stifel. All told, it's been a brutal year for Peabody Energy Corporation, down nearly 72% in 2015 at $2.19. Nevertheless, six of 15 analysts still consider the shares worthy of a "buy" or better rating, with another six sitting on "hold" opinions. Plus, BTU's average 12-month price target of $6.90 is more than three times the current perch. This could pave the way for future downgrades and/or additional price-target reductions, resulting in headwinds.

  • Last night, KeyBanc cut its price target on FOSL to $65 from $68. The bearish note is warranted, considering the stock has tumbled 40% since its annual peak of $115.20 in November to trade at $69.36, and is now flirting with its two-year low of $68.55, touched in late May. Amid this downtrend, bears have been licking their chops. Fossil Group Inc's 10-day put/call volume ratio on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) is 2.30 -- higher than nearly three-quarters of comparable readings from the past year. Also, over 24% of FOSL's float is sold short, equal to roughly 12 days of trading, given typical volumes.

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Published on Jun 30, 2015 at 9:28 AM
Updated on Jul 2, 2020 at 2:20 PM
  • Analyst Downgrades

Analysts are weighing in today on for-profit college operator Apollo Education Group Inc (NASDAQ:APOL), food firm SYSCO Corporation (NYSE:SYY), and semiconductor manufacturer Micron Technology, Inc. (NASDAQ:MU). Here's a quick roundup of today's bearish brokerage notes on APOL, SYY, and MU.

  • APOL is bracing for an 9.9% drop out of the gate, after the company's disappointing turn in the earnings confessional and downwardly revised full-year outlook prompted Deutsche Bank and BMO Capital to each reduce their price targets to $20. The stock's had it rough enough, as is, losing more than half of its value in 2015 to settle yesterday at $15.54. Not surprisingly, short-term options traders are put-skewed toward Apollo Education Group Inc. The equity's Schaeffer's put/call open interest ratio (SOIR) of 1.26 sits just 3 percentage points from the top of its annual range.

  • SYY received a pair of bearish brokerage notes, with Barclays lowering its price target to $30 from $32, and Deutsche Bank downgrading the stock to a "hold." (On the flip side, Jefferies boosted its price target to $39 from $35.) These analysts are throwing salt on SYSCO Corporation's wounds, as the company's planned merger with US Foods was blocked by a district court judge yesterday. While the shares lost nearly 3% on the news Monday, they're little changed ahead of the bell -- and sitting on a 5.4% year-to-date deficit at $37.24. Taking a step back, brokerage firms are already in the bears' camp when it comes to SYY, with seven of nine doling out "hold" or worse ratings.

  • Finally, Jefferies removed MU from its "U.S. Franchise Picks" list. The stock has collapsed since hitting a 12-year high of $36.59 in early December, losing nearly half its value to sit at $18.73, and touching an annual low of $18.60 yesterday. Micron Technology, Inc. is vulnerable to additional bearish brokerage attention, too. Twenty-one analysts currently consider the underperforming shares worthy of a "buy" or better rating, versus just four "holds" and a pair of "strong sells." Plus, the stock's consensus 12-month price target of $30.18 stands at a 61% premium to Monday's close. In other words, MU could run into headwinds on a future round of downgrades and/or price-target cuts.

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Published on Jun 29, 2015 at 9:39 AM
Updated on Jul 2, 2020 at 2:20 PM
  • Analyst Downgrades

Analysts are weighing in today on aluminum giant Alcoa Inc (NYSE:AA), as well as financial firms Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM). Here's a quick roundup of today's bearish brokerage notes on AA, BAC, and JPM.

  • AA received a pair of bearish brokerage notes, with Morgan Stanley and Stifel cutting their respective price targets to $16 and $18. As such, the stock is down 2.1% at $11.44 -- after touching an annual low $11.37 -- meaning it's lost almost 20% since hitting its most recent high of $14.28 in early May. However, traders at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have been buying to open Alcoa Inc calls over puts at a rapid-fire rate of late. Specifically, the equity's 10-day call/put volume ratio of 12.13 ranks in the 98th percentile of its annual range.

  • The Greek debt crisis is hitting a number of financial stocks, including BAC. Also weighing on the shares -- down 1.4% at $17.17 -- is a $1 price-target cut to $20 at Oppenheimer. Bank of America Corp is now on track to close below its supportive 20-day moving average for the first time in a month. Meanwhile, at the ISE, CBOE, and PHLX, traders have been scooping up long puts over calls at an accelerated clip, per the stock's 50-day put/call volume ratio of 0.26 -- higher than 82% of comparable readings from the past year. Echoing this is BAC's Schaeffer's put/call open interest ratio (SOIR), which sits at an annual high of 0.89.

  • JPM also got slapped by Oppenheimer, which downgraded the equity to "perform" from "outperform." The bearish note is leading the shares lower this morning, off 1,4% at $67.97 at last check. Taking a step back, JPMorgan Chase & Co. hit a record high of $69.82 last week, and is still up a market-beating 8.6% year-to-date. Not surprisingly, brokerage firms remain overwhelmingly optimistic toward the security, with 14 maintaining "buy" or better assessments, compared to five "holds" and not a single "sell" recommendation.

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Published on Jun 24, 2015 at 9:44 AM
Updated on Jul 2, 2020 at 2:16 PM
  • Analyst Downgrades

Analysts are weighing in on automaker General Motors Company (NYSE:GM), financial firm Citigroup Inc (NYSE:C), and commodity concern Barrick Gold Corporation (USA) (NYSE:ABX). Here's a quick roundup of today's bearish brokerage notes on GM, C, and ABX.

  • Goldman Sachs downgraded GM to "neutral" from "buy," and cut its price target to $40 from $47, amid slowing growth both domestically and in China. Additionally, the brokerage firm upwardly revised its outlook on Ford Motor Company (NYSE:F), saying it prefers the F over GM. Since late April, GM has been bouncing between $34.50 and $36.50. Should the shares of General Motors Company continue these technical struggles -- the equity was last seen off 1.6% at $35.73 -- another round of bearish brokerage notes could be on the horizon. Currently, 62% of covering analysts maintain a "buy" or better rating, with not a single "sell" to be found. Plus, the average 12-month price target of $42.63 stands in record-high territory.

  • C saw its rating cut to "hold" from "buy" at Deutsche Bank overnight, sending the shares 1% lower at the open. Longer term, the stock is up 22% since hitting its Jan. 16 year-to-date low of $46.60 to trade at $56.67, and hit a six-year high of $57.64 in yesterday's session. Option traders have been betting on higher highs in recent months, and have been buying to open calls over puts at a near-annual-high clip. Specifically, Citigroup Inc's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 2.45 ranks in the 90th annual percentile.

  • Credit Suisse chimed in on a number of mining names, and for ABX, this resulted in a price-target cut to $12.50 from $13. On the charts, the stock has been in a long-term downtrend, shedding more than 37% year-over-year. More recently, the equity has encountered a handful of stiff rejections from its descending 200-day moving average, and was last seen lingering near $11.12. Short-term speculators, meanwhile, have been more put-skewed than usual toward Barrick Gold Corporation. The security's Schaeffer's put/call open interest ratio (SOIR) of 0.76 ranks higher than 70% of all similar readings taken in the past year.
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Published on Jun 23, 2015 at 9:44 AM
Updated on Jul 2, 2020 at 2:15 PM
  • Analyst Downgrades

Analysts are weighing in today on oil-and-gas issue Transocean LTD (NYSE:RIG), diagnostic testing specialist Quest Diagnostics Inc (NYSE:DGX), and data storage solutions concern Western Digital Corp (NASDAQ:WDC). Here's a quick roundup of today's bearish brokerage notes on RIG, DGX, and WDC.

  • Global Hunter Securities cut its price target on RIG to $16 from $18 -- representing a discount to last night's close at $16.94. However, reports the company inked $109 million in new drilling contracts -- an annual high -- are overshadowing this downbeat analyst note, with shares of RIG up 1.4% at $17.17. Technically speaking, its been a rough road for Transocean LTD, which hit a 52-week peak of $46.12 one year ago today, but has since shed 63% of its value. Against this backdrop, sentiment among the brokerage bunch is already skewed toward the skeptical side. All 19 analysts, for example, maintain a "hold" or worse rating.

  • DGX saw its rating reduced to "neutral" from "buy" at Goldman Sachs, sending the shares down 1% in early trading. Since spiking to an all-time high of $89 in late May amid M&A rumors, the stock has cooled its jets, down 19.6% at $71.55. Option traders, meanwhile, have been rolling the dice on a rebound by buying to open calls over puts at a faster-than-usual clip. Specifically, Quest Diagnostics Inc's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 6.81 ranks in the 73rd percentile of its annual range.

  • J.P. Morgan Securities lowered its outlook for WDC to "neutral" from "overweight," and cut its price target to $92 from $105 -- roughly in line with Monday's settlement at $91.60. The stock dropped 2.5% out of the gate to $89.36 on the negative analyst attention, bringing its year-to-date deficit to 19.3%. Should Western Digital Corp continue to struggle, another round of downgrades and/or price-target cuts could come down the pike from the generally upbeat brokerage bunch -- which may create additional headwinds for the shares. Of the 19 analysts covering the WDC, 15 maintain a "buy" or "strong buy" rating, while the average 12-month price target of $115.67 sits in territory yet to be charted.

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Published on Jun 22, 2015 at 10:10 AM
Updated on Jul 2, 2020 at 2:15 PM
  • Analyst Downgrades

Analysts are weighing in today on semiconductor concern Micron Technology, Inc. (NASDAQ:MU), aluminum giant Alcoa Inc (NYSE:AA), and online travel issue Priceline Group Inc (NASDAQ:PCLN). Here's a quick roundup of today's bearish brokerage notes on MU, AA, and PCLN.

  • For the second time in less than a week, MU received a round of bearish brokerage notes. Specifically, Goldman Sachs cut its rating to "sell" from "neutral," J.P. Morgan Securities lowered its price target to $33 from $37, and Evercore ISI reduced its target price to $38 from $45. Cowen and Company, meanwhile, initiated coverage on MU with an "outperform" rating and a $34 price target. Wall Street seems to be responding to the negative analyst notes, with the security down 0.1%% at last check. Longer term, the shares have been making a series of lower lows since hitting an early December 12-year high of $36.59, off 33% at $24.44. Micron Technology, Inc. could face additional headwinds, should any more analysts downwardly revise their ratings and price targets -- particularly in the wake of Thursday evening's quarterly earnings announcement. Currently, 79% of those covering the shares maintain a "buy" or better rating, while the average 12-month price target of $36.42 stands at a 49% premium to current trading levels.

  • Second-quarter earnings season will unofficially get underway when AA takes its turn on stage the evening of Wednesday, July 8. Ahead of the highly anticipated event, Sterne Agee CRT lowered its rating on the stock to "neutral" from "buy," citing "intermediate-term ... hurdles to meeting goals in the value added business, and unfortunately, less support from the commodity portfolio as there was in 2014." On the charts, the security has struggled since notching a three-year peak of $17.75 in late November, shedding 34% to trade at $11.73 -- and tagging a fresh annual low of $11.71 earlier. Option traders have kept the faith, and have bought to open calls over puts at a rapid-fire rate in recent months. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Alcoa Inc's 50-day call/put volume ratio of 2.56 rests just 1 percentage point from a 52-week peak.

  • A downgrade to "hold" from "buy" at Deutsche Bank -- which took the glass-half-full route on Expedia Inc (NASDAQ:EXPE) -- has PCLN bucking the broad-market trend higher. At last check, the stock was down 1.1% at $1,146. The security has failed to make any big moves in June, and has spent most of the month sandwiched between its 120-day moving average and its 320-day moving average -- located at $1,156.90 and $1,177.50, respectively. Sentiment remains high toward Priceline Group Inc, though. In the options pits, the equity's 50-day ISE/CBOE/PHLX call/put volume ratio of 1.19 sits in the 85th percentile of its annual range. Elsewhere, less than 3% of PCLN's float is sold short, and would take just under three days to cover, at average daily trading levels.
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Published on Jun 19, 2015 at 9:48 AM
Updated on Jul 2, 2020 at 2:13 PM
  • Analyst Downgrades

Analysts are weighing in today on oil giant BP plc (ADR) (NYSE:BP), biotech stock BioMarin Pharmaceutical Inc. (NASDAQ:BMRN), and optical components specialist Finisar Corporation (NASDAQ:FNSR). Here's a quick roundup of today's bearish brokerage notes on BP, BMRN, and FNSR. 

  • BP is up fractionally this morning at $41.27, following a downgrade to "sector perform" from "outperform" at RBC. After an underwhelming 2014, the stock has picked up the pace, adding over 8% year-to-date. In the meantime, call buying has hit a near-annual-high clip. That is, at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), BP plc's 10-day call/put volume ratio stands at 35.89, which is only 1 percentage point from an annual bullish high.

  • It's been an interesting morning for BMRN, which is off 2.4% to trade at $135.27. First, Baird cut its outlook to "neutral," but raised its price target to $133 from $125. Plus, Wedbush raised its price target to $130. Obviously, both of these price targets represent a discount to current trading levels for the stock, which has easily doubled in value during the past 12 months. What's more, BMRN touched an all-time high of $140.49 just yesterday, thanks to well-received drug news and a round of upbeat analyst attention. Today's mixed analyst notes echo the withstanding sentiment. For example, 12 of 14 brokerage firms rate BioMarin Pharmaceutical Inc. a "buy" or better, while short interest rose over 16% during the two most recent reporting periods.

  • FNSR has fallen 8.6% this morning to trade at $20.25, as the Street responds to the company's fiscal fourth-quarter earnings numbers. No fewer than six brokerage firms have weighed in on the stock, but most have actually raised their price targets. Not Raymond James and Jefferies, though. The former lowered FNSR to "outperform," while the latter reduced its target price to $21 from $22.  The shares have been strong since touching an annual low of $14.22 on Oct. 13, adding 42.4%. Still Finisar Corporation remains heavily shorted. The 9% of the stock's float controlled by short sellers represents over three weeks' worth of buying power, at normal daily volumes. 
Published on Jun 17, 2015 at 9:26 AM
Updated on Jul 2, 2020 at 2:13 PM
  • Analyst Downgrades

Analysts are weighing in today on health care giant Merck & Co., Inc. (NYSE:MRK), energy infrastructure firm Kinder Morgan Inc (NYSE:KMI), and cosmetics marketer Coty Inc (NYSE:COTY). Here's a quick roundup of today's bearish brokerage notes on MRK, KMI, and COTY.

  • With half of covering analysts issuing "hold" ratings on the stock, MRK is no stranger to bearish attention. This morning, Piper Jaffray decided to join the skeptical bunch, initiating coverage with an "underweight" assessment. The shares are only 1.6% higher in 2015 -- last seen at $57.71 -- but could see support from their 80-week moving average, a trendline that's helped them since late 2013. Option traders certainly expect big things from Merck & Co., Inc. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 50-day call/put volume ratio of 3.77 ranks higher than 86% of readings from the past year.

  • KMI has been charting a path lower since its all-time high of $44.71 on April 24, dropping 11.7% to hit $39.49. However, the stock is actually gaining in electronic trading -- up 0.8% -- despite a price-target cut at Jefferies to $43. Even though 88% of analysts consider Kinder Morgan Inc a "buy" or better, option traders appear uncertain. The security's Schaeffer's put/call open interest ratio (SOIR) stands at 0.86, which only 2 percentage points away from an annual put-skewed extreme.

  • COTY has dropped 1.5% in pre-market action, after Citigroup lowered its outlook to "neutral." This is somewhat surprising, since the shares have topped the S&P 500 Index (SPX) by 27.8 percentage points in the past three months. Yesterday, in fact, the stock gapped higher on a trio of acquisitions to touch an all-time high of $31.29, before settling at $31.08. In Coty Inc's option pits, traders are betting on more upside. During the past two weeks, almost 1,600 calls have been bought to open at the ISE, CBOE, and PHLX, versus just 108 puts.
Published on Jun 18, 2015 at 9:25 AM
Updated on Jul 2, 2020 at 2:12 PM
  • Analyst Downgrades

Analysts are weighing in today on tech titan Oracle Corporation (NYSE:ORCL), airline stock Spirit Airlines Incorporated (NASDAQ:SAVE), and semiconductor concern Micron Technology, Inc. (NASDAQ:MU). Here's a quick roundup of today's bearish brokerage notes on ORCL, SAVE, and MU.

  • ORCL is getting smacked ahead of the open, pointed 5.7% lower, after the company reported fiscal fourth-quarter earnings that missed the Street's expectations. Analysts have displayed their displeasure, with no fewer than six brokerage firms reducing their price targets on the shares. Wedbush set the lowest mark at $40, and reaffirmed its "neutral" opinion. After churning between $42 and $45 for most of 2015, Oracle Corporation closed yesterday at $44.91 -- just below its year-to-date breakeven mark. There's a good chance option traders are disappointed this morning. ORCL's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 3.21 is higher than 81% of readings from the past 12 months.

  • Credit Suisse and Barclays both weighed in on several airline stocks overnight. For SAVE, the former cut its outlook to "neutral," while lowering its price target to $69 from $75, and the latter reduced its price target by $7 to $98. The shares are now 1.5% lower in electronic trading. Taking a step back, the stock's been getting hammered since touching its all-time best of $85.35 on Dec. 8, giving back close to 27% to settle yesterday at $62.42. It appears speculators are well-positioned for the pullback, though, as put buying has been popular recently. Spirit Airlines Incorporated's 10-day ISE/CBOE/PHLX put/call volume ratio stands at 1.04 -- higher than 81% of readings from the past year.

  • MU has dropped more than 30% in 2015, and it doesn't look like things will get better any time soon. Since yesterday's close, Raymond James, Stifel, and Susquehanna have all lowered their price targets, with the latter setting its mark at $36 -- the lowest among the bunch. Micron Technology, Inc. finished Wednesday at $24.48, representing an almost 34% discount to its average 12-month price target of $36.93. Considering this, plus the fact that 79% of analysts still rate the stock a "buy," MU may see additional bearish notes in the near future. Elsewhere, the company will release earnings a week from tonight. 
Published on Jun 15, 2015 at 9:29 AM
Updated on Jul 2, 2020 at 2:11 PM
  • Analyst Downgrades

Analysts are weighing in today on semiconductor maker Micron Technology, Inc. (NASDAQ:MU), IT specialist EMC Corporation (NYSE:EMC), and flash storage provider SanDisk Corporation (NASDAQ:SNDK). Here's a quick roundup of today's bearish brokerage notes on MU, EMC, and SNDK.

  • MU is set to open 3.1% lower, after Morgan Stanley cut its outlook to "underweight," while reducing its price target to $21 from $30 -- a discount to Friday's close of $25.13. The brokerage firm said the earnings strength it expected from the company won't come until the fourth quarter or later, due to excessive customer inventories. MU has been struggling in 2015, dropping over 28%. In fact, the shares hit an annual low of $24.71 at the end of last week, and will likely hit new lows today. Of the 21 analysts covering Micron Technology, Inc., 17 rate it a "buy" or better. Plus, the security been moving south of its average 12-month price target of $37.13 -- in decade-plus-high territory -- for several months now. It wouldn't be surprising to see additional bearish notes from brokerage firms send the equity lower.

  • Things could be getting worse for EMC, which has already dropped 12.5% since its 13-year high of $30.92 in December, settling Friday at $27.07. The stock this morning got hit with a downgrade to "market perform" from "outperform" at FBR, which also lowered its price target by $3 to $28. Elsewhere, however, option traders have remained optimistic. EMC Corporation's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 7.01 is higher than 89% of similar readings from the past year. This means call buying has been far more popular than normal, compared to put buying.

  • Like MU, Morgan Stanley also weighed in on SNDK this morning, lowering its outlook to "equal weight" from "overweight," and setting its price target $5 lower at $75. The shares are pointed 1.2% lower in electronic trading, poised to steepen their year-over-year loss of nearly 33%. This poor price action as led to heavy short selling, as close to 17 million SanDisk Corporation shares are controlled by short sellers. What's more, it would take these bears nearly an entire week to buy back their shares, at the equity's normal trading pace.
Published on Jun 12, 2015 at 9:19 AM
Updated on Jul 2, 2020 at 2:09 PM
  • Analyst Downgrades

Analysts are weighing in today on children's education specialist LeapFrog Enterprises, Inc. (NYSE:LF), semiconductor firm Micron Technology, Inc. (NASDAQ:MU), and casino concern Wynn Resorts, Limited (NASDAQ:WYNN). Here's a quick roundup of today's bearish brokerage notes on LF, MU, and WYNN.

  • LF is smarting on the heels of disappointing fiscal fourth-quarter numbers, dropping nearly 17% ahead of the bell. Also weighing on the shares is a trio of price-target cuts from Sterne Agee CRT (to $2), Piper Jaffray (to $1.50), and Roth Capital (to $1.50). Leading up to last night's quarterly results, it had already been a dismal 2015 for LeapFrog Enterprises, Inc. -- which has plunged 56.1% year-to-date to rest at $2.07. Amid this downtrend, short interest has been on the rise, spiking 19% during the two most recent reporting periods. Currently, over 9% of LF's float is sold short, representing more than a week's worth of trading, at typical daily volumes.

  • MU is feeling the weight of a price-target cut to $32 from $39 at Pacific Crest, off 0.6% ahead of the bell. On the charts, the stock has plunged 28.5% year-to-date to trade at $25.02 -- just a shade above its annual low of $24.94, touched earlier this week. Despite recent negative notes from analysts, the vast majority remain positive on Micron Technology, Inc. Seventeen have doled out "buy" or better recommendations, compared to three "holds" and just one "strong sell." What's more, MU's consensus 12-month price target of $37.97 stands at a 52% premium to its current perch. In other words, the stage is set for a round of downgrades and/or additional price-target reductions.

  • WYNN saw Susquehanna slash its price target to $103 from $115. The bearish note is warranted, given that the security's plummeted 30% year-to-date to rest at $104.45, and is encountering resistance at its descending 20-day moving average. On the sentiment front, analysts have taken a largely skeptical stance toward Wynn Resorts, Limited. Eleven brokerage firms have handed out tepid "hold" assessments -- more than doubling the five "buy" or better ratings.

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