Tech lifts Nasdaq; energy curbs Dow, S&P gains

Active Call Buying in Semiconductor Names, Advanced Micro Devices (AMD) & Micron Technology (MU) -Susquehanna

Susquehanna options strategist Alison Edwards notes active call buying activity in semi names, Advanced Micro Devices (NASDAQ: AMD), as an investors bought 20,000 Aug 17 Calls which creates ~450k shares to buy , while opening investors in Micron Technology (NASDAQ: MU) bought 20,000 Oct 35 Calls for $1.33.

O'Reilly Automotive (ORLY) PT Lowered to $255 at UBS Following Pre-Announcement

UBS lowered its price target on O'Reilly Automotive (NASDAQ: ORLY) to $255.00 (from $320.00) while maintaining a Buy rating. ORLY pre-announced 1.7% SSS growth that analyst Michael Lasser sees as 150 to 200 bps below what the market was anticipating for 2Q. The company attributed the soft result to... More

O'Reilly Automotive (ORLY) PT Lowered to $195 at Wedbush Following 2Q Preannouncement

Wedbush lowered its price target on O'Reilly Automotive (NASDAQ: ORLY) to $195.00 (from $260.00) while maintaining a Neutral rating following the company's 2Q preannouncement. ORLY's 2Q17 preannouncement highlights that more than weather is pressuring industry sales trends.

ORLY reported comps of 1.7% (vs. consensus 3.9% and guidance of 3-5%),... More

Advance Auto Parts (AAP) PT Lowered to $125 at RBC Capital Following O’Reilly's Pre-announcement

RBC Capital lowered its price target on Advance Auto Parts (NYSE: AAP) to $125.00 (from $153.00) while maintaining a Outperform rating following OReilly's pre-announcement. OReilly pre-announced 2Q17 results, stating that comps were 1.7% vs. prior guidance of 3%-5% and previous estimates of ~4%.

Analyst Scot... More

Chevron (CVX) PT Lowered to $100 at Wells Fargo; 'Lower Estimates to Reflect Revised Commodity Price Decks'

Wells Fargo lowered its price target on Chevron (NYSE: CVX) to $100.00 (from $107.00) while maintaining a Market Perform rating, following a review commodity prices, business outlook and estimates.

Analyst Roger D. Read notes a lowering of estimates to reflect revised commodity price decks,... More

ExxonMobil (XOM) PT Lowered to $82 at Wells Fargo; 'Lower Estimates to Reflect Revised Commodity Price Decks'

Wells Fargo lowered its price target on ExxonMobil (NYSE: XOM) to $82.00 (from $90.50) while maintaining a Market Perform rating, following a review commodity prices, business outlook and estimates.

Analyst Roger D. Read notes a lowering of estimates to reflect revised commodity price decks,... More