Although the pace of earnings reports have drastically slowed, a few key companies are still making their way to the stage -- with one in particular being semiconductor powerhouse Micron Technology, Inc. (NASDAQ:MU). The company is expected to report fiscal first-quarter earnings after the close tomorrow, Dec. 19, and if past is precedent, MU stock's post-earnings reaction could be positive. At la...Read More
BMO boosted its price target on Freeport-McMoRan Inc (NYSE:FCX) to $18 from $17, sending the shares up 2.7% to trade at $17.44 -- and earlier to a two-year high of $17.46 -- bringing their year-to-date gain to 32.2%. Optimism toward the surging mining stock appears to be growing in the options pits, too, with calls trading at two times the average intraday pace this afternoon, and one trader raisi...Read More
The U.S. stock market is soaring to all-time highs again thanks to growing tax reform optimism. Among the names making big moves are financial services provider Longfin Corp (NASDAQ:LFIN), Chinese e-tailer JD.com Inc (NASDAQ:JD), and drug stock Valeant Pharmaceuticals International, Inc. (NYSE:VRX). Here's a quick look at what's moving shares of LFIN, JD, and VRX. LFIN Stock Surge ContinuesLongfin...Read More
The shares of healthcare insurer Centene Corp (NYSE:CNC) are higher today, and are on the cusp of toppling the century level, thanks to some upbeat analyst attention. What's more, CNC stock could have even more gas in the tank, if past is prologue. Meanwhile, Intuitive Surgical, Inc. (NASDAQ:ISRG) stock is down 0.2% at $369.09 today, but could also be headed for a bounce. Below, we'll explain why...Read More
The 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days. Stocks highlighted in yellow are new entries to the list. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names to note are streaming giant Netflix, Inc. (NASDAQ:NFLX) and semiconductor stock Intel Corporation (NASDAQ:INTC). Below, we'll break do...Read More
U.S. stocks are up this afternoon, with the Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) all scoring fresh record highs thanks to heightened optimism over the finalized Republican tax plan that is expected to be voted into law later this week. In fact, the Nasdaq topped 7,000 for the first time ever just moments ago, while a flurry of M&A activity is givi...Read More
Shares of cloud services provider Akamai Technologies, Inc. (NASDAQ:AKAM) are surging today thanks to news hedge fund Elliot Management has taken a 6.5% stake in the company. According to the hedge fund, AKAM stock is "significantly undervalued." So far today the security has jumped 14.2% to trade at $65.96, taking out a few key technical levels in the process. Specifically, the stock has barreled...Read More
Bitcoin futures began trading on the Chicago Mercantile Exchange today, sending shares of CME Group Inc (NASDAQ:CME) up 0.5% to trade at $151.77. This comes one week after the launch of the cryptocurrency's futures on the Cboe Global Markets (CBOE) -- and follows yesterday's news that TD Ameritrade (AMTD) will allow its customers to trade bitcoin futures on the CBOE. As the digital currency's plat...Read More
The fall of the retail sector in recent years has been well covered on Wall Street, but many of these stocks have found new life heading into the holiday season. Take for example the SPDR S&P Retail ETF (XRT), which has gained 14.5% since its Nov. 8 bottom. Three names that have also rallied during this time are Nike Inc (NYSE:NKE), Gap Inc (NYSE:GPS), and American Eagle Outfitters (NYSE:AEO). And...Read More
Drug stocks are in focus this morning, including Celgene Corporation (NASDAQ:CELG) and Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX). Both CELG and VRTX received price-target boosts from Morgan Stanley this morning, but one outlook was decidedly more bullish than the other. Here's a look at how CELG and VRTX are reacting today.CELG Stock Extends Recovery from Post-Earnings LowsWhile Morgan Sta...Read More
Twitter Inc (NYSE:TWTR) stock is up 5.1% to trade at $23.36, a new annual high, after the social media stock received an upgrade to "overweight" from "neutral" at J.P. Morgan Securities, as well as a price-target hike to $27 from $20 -- in territory not charted since late 2015. The analysts believe Twitter is on track for continued double-digit average user growth in 2018, and called it one of the...Read More
Shares of CSX Corporation (NASDAQ:CSX) slumped 7.6% to settle at $52.93 on Friday following news the transportation company's CEO Hunter Harrison would take a medical leave. After Harrison's unexpected death over the weekend, CSX shares are down 1.9% in electronic trading -- set to test a key technical trendline again today.Specifically, CSX is poised to touch its 180-day moving average today -- a...Read More
Dow Jones Industrial Average (DJIA) futures are trading well above fair value this morning, signaling fresh record highs, as stocks look ready to rally. The same is true for S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures, thanks to growing optimism around a Republican tax plan that's now expected to be voted into law this week. On the economic front, investors will digest the NAHB housing...Read More
"The SPX behavior I have observed relates only to the current tightening cycle, which began in December 2015. Simply put, in the four times that the Fed has raised rates -- even if expected to do so -- the next month has been challenging for stock market buyers. On the other hand, after the 12 instances where the Fed held rates steady, it has been a rather lucrative time for stock buyers in the fo...Read More
LONDON, 16 December 2017 - Long-running US investment magazine today quotes BullionVault analysis in an article comparing the "safe haven" claims made about digital 'currency' Bitcoin with gold bullion."Anyone thinking Bitcoin is going to replace gold as the ultimate safe haven is missing 5,000 years of history...and the fact that crypto has been surging alongside stocks, fine art, and junk bonds,...Read More
The Dow Jones Industrial Average (DJIA) finished over 143 points higher, securing its fifth record close in six sessions, as well as a fourth straight weekly win. Both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) followed suit, notching their own record highs and weekly wins -- the fourth straight for the former index. The final Republican tax bill, which will likely feature a 21% corp...Read More
Stocks are trading higher today ahead of the release of the Republican tax plan. Among the names making big moves are financial services provider Longfin Corp (NASDAQ:LFIN), real estate stock Re/Max Holdings Inc (NYSE:RMAX), and shoe manufacturer Crocs, Inc. (NASDAQ:CROX). Here's a quick look at what's moving shares of LFIN, RMAX, and CROX. LFIN Stock Surges On Ziddu PurchaseLongfin stock has jump...Read More
Deckers Outdoor Corp (NYSE:DECK) has been chopping its way higher throughout 2017 to trade at $76.19 -- up 37.6% year-to-date, and not far from yesterday's nearly three-year peak of $78.77. Unlike Fitbit (FIT), Stifel thinks the Ugg maker has even more room to run, and boosted its DECK price target to $85 from $80, citing optimism over the company's international exposure. And with plenty of skept...Read More
There was no shortage of headlines on Wall Street this week, as a flurry of market-moving events captivated investors. Bitcoin made big noise, with the cryptocurrency's first day of futures trading sparking a brief outage for the CBOE. The Federal Open Market Committee (FOMC), to little surprise, raised interest rates -- and economic growth projections -- following its meeting on Wednesday, and th...Read More
U.S. stocks are moving higher this afternoon, with the Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC) and S&P 500 Index (SPX) all scoring record highs, and pacing for a weekly win. Currently, just three Dow stocks are in the red, with tech leading the advancing majority. Stocks are in rally mode amid easing concerns over the Republican tax bill, with the final draft expected to be...Read More