Analyst Upgrades: Netflix, Inc., Facebook Inc, and Anadarko Petroleum Corporation

Analysts upwardly revised their ratings and price targets on streaming service Netflix, Inc. (NFLX), social media stock Facebook Inc (FB), and oil-and-gas company Anadarko Petroleum Corporation (APC)

Jan 13, 2017 at 9:55 AM
facebook X logo linkedin


Analysts are weighing in on streaming service Netflix, Inc. (NASDAQ:NFLX), social media stock Facebook Inc (NASDAQ:FB), and oil-and-gas company Anadarko Petroleum Corporation (NYSE:APC). Here's a quick roundup of today's bullish brokerage notes on NFLX, FB, and APC.

  • NFLX is 2% higher at $131.79, following an upgrade to "hold" from "sell" at Deutsche Bank, which also hiked its price target to $110 from $92 -- still 16.5% below the stock's current perch. NFLX, which is due to report fourth-quarter earnings next Wednesday night, is up 19% from its November lows -- helped by a recent bounce off its 20-day moving average -- and the stock has managed to tack on almost 24% year-over-year. In the option pits, near-term option players have been exceptionally put-skewed, with Netflix, Inc.'s Schaeffer's put/call open interest ratio (SOIR) of 1.12 sitting higher than 99% of all other readings taken in the last 12 months.

  • FB is up 1.6% to trade at $128.61, after an upgrade to "strong buy" from "outperform" at Raymond James, which cited Facebook Inc's "continued momentum" in the fourth quarter as one reason for its increased optimism. FB recently broke out above the $124-$125 area that had contained the shares since an early November bear gap, and took back its 100-day moving average in the process. Meanwhile, the firm recently made waves on rumors that it's considering a bid for NFLX. Near-term option players have been more put-biased than usual in FB's option pits, with its SOIR of 0.72 sitting just 13 percentage points from an annual peak.

  • APC is trading fractionally lower at $71.40, after the company announced it will be selling its Eagleford Shale assets for about $2.3 billion. Following the news, RBC raised its price target to $82 from $81, while Simmons lifted its target price to $77 from $66. On the charts, APC has been on a steady journey higher since touching an eight-year low in January 2016, adding over 150%. Bullish betting has ramped up in Anadarko Petroleum Corporation's option pits over the last two weeks, with 2.54 calls bought to open for every put at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This top-heavy call/put volume ratio ranks in the upper quartile of its annual range.
Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI