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Trade Idea of the Day Presented by: The Fly

Fly Intel: Top five weekend stock stories

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Equifax (EFX) is nearing a deal to settle a slew of state and federal investigations into a 2017 data breach that exposed nearly 150M Americans' Social Security numbers and other sensitive personal information,... Read More

Hotels: Occupancy Rate Decreased Year-over-year

From STR: US hotel results for week ending 13 JulyThe U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 7-13 July 2019, according to data from STR.n comparison with the week of 8-14 July 2018, the industry recorded the following: Occupancy: -2.4% to 74.2%, Average daily rate (ADR): -0.6% to US$132.24, Revenue per available room (RevPAR): -2.9% to US$98.08 emphasis added. The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average. The red line is for 2019, dash light blue is 2018 (record year), blue is the median, and black is for 2009 (the worst year probably since the Great Depression for hotels). Occupancy has been solid in 2019, close to-date compared to the previous 4 years...

Fly Intel: Pre-market Movers

HIGHER: Peak Resorts (SKIS), up 113% after Vail Resorts (MTN) agreed to acquire all outstanding shares of common stock of the company for $11.00 per share in cash... Condor Hospitality Trust (CDOR), up 33% after announcing NexPoint Hospitality's operating partnership will acquire all of the outstanding equity interests of the company and its operating partnership by merger. The total consideration of $318M will be paid in a combination of cash and debt, including the assumption of certain debt. UP AFTER EARNINGS: Halliburton (HAL), up 2%... DaVita (DVA), up 6%... Scorpio Bulkers (SALT), up 5%. DOWN AFTER EARNINGS: Cal-Maine Foods (CALM), down 7%... Cadence Bancorp (CADE), down 9%...

BLS: June Unemployment rates at New Series Lows in Alabama, Arkansas, New Jersey, and Texas

From the BLS: Regional and State Employment and Unemployment SummaryUnemployment rates were lower in June in 6 states and stable in 44 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Three states had jobless rate decreases from a year earlier and 47 states and the District had little or no change. The national unemployment rate, 3.7 percent, was little changed from May but was 0.3 percentage point lower than in June 2018. ... Vermont had the lowest unemployment rate in June, 2.1 percent. The rates in Alabama (3.5 percent), Arkansas (3.5 percent), New Jersey (3.5 percent), and Texas (3.4 percent) set...

Fly Intel: What to watch in Intuitive Surgical earnings report

Intuitive Surgical (ISRG) is scheduled to report the results of its second fiscal quarter after the market close on Thursday, July 18, with a conference call scheduled for 4:30 pm EDT. What to watch: 1. PROCEDURAL GROWTH: Along with its first quarter report in April, Intuitive Surgical tightened its fiscal year 2019 procedure growth view to 15%-17% from 13%-17%. 2. GROWTH PROSPECTS: Earlier in the week, Intuitive announced it had purchased Scholly Fiberoptic's robotic endoscope business. Intuitive said the acquisition will integrate Scholly's robotic endoscope manufacturing line, and two Scholly sites into Intuitive operations: the...

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) and Skyworks (SWKS) downgraded to Equal Weight from Overweight at Barclays. 2. AMD (AMD) downgraded to Neutral from Buy at Mizuho with analyst Vijay Rakesh saying he continues to like AMD given its "solid" Ryzen/Rome portfolio and new product ramps, but he's downgrading the shares after a "stellar" 80% rally year-to-date. 3. BrightView (BV) downgraded to Neutral from Overweight at JPMorgan with analyst Judah Sokel saying he remains positive on the company's longer term potential, but he sees risk to estimates and prefers moving to the sidelines after the stock's year-to-date run of 75%. 4. MGM Resorts...

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Apple (AAPL) and Skyworks (SWKS) upgraded to Outperform from Market Perform at Raymond James with analyst Christopher Caso citing greater confidence in next year's 5G iPhone cycle. 2. PriceSmart (PSMT) upgraded to Outperform from Sector Perform at Scotiabank. 3. BNY Mellon (BK) upgraded to Market Perform from Underperform at Keefe Bruyette with analyst Brian Kleinhanzl saying after the company's Q2 results, he feels its negative catalysts are slowly reversing. 4. U.S. Bancorp (USB) upgraded to Neutral from Underperform at BofA/Merrill with analyst Erika Najarian saying she believes earnings headwinds...

Stephens, Cowen up Take-Two price targets ahead of Q1 results

Take-Two (TTWO) shares edged higher after two analysts raised their price targets on the stock, with both describing upbeat expectations for the upcoming title "Borderlands 3." Both notes come before the game maker's first quarter earnings results, which are set to be announced after the market close on August 5. STEPHENS UPS PRICE TARGET TO $140: In a research note to investors, Stephens analyst Jeff Cohen maintained an Overweight rating on Take-Two and raised his price target on the shares to $140 from $120. The analyst said his firm was unveiling its initial FY21 bookings and adjusted earnings per share estimates of $2.74B and $5.02, compared to consensus estimates...

Capricor price target raised to $12.40 from $3.50 at H.C. Wainwright

H.C. Wainwright analyst Joseph Pantginis raised his price target for Capricor Therapeutics to $12.40 from $3.50 saying the company announced positive results from the pre-specified interim analysis of the Hope-2 trial in patients with Duchenne muscular dystrophy. The stock in midday trading is is up 155%, or $4.98, to $8.20. Six-month data showed that CAP-1002 administration in steroid treated boys and young men resulted in statistically significant changes across several independent clinical measures including skeletal, and respiratory muscle functions, Pantginis tells investors in a research note. The analyst views the data "promising" for both primary and secondary endpoints. He...

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