December is right around the corner, with the Dow and S&P on pace to end an eighth straight month in the black. One stock that historically outperforms in December is semiconductor concern NVIDIA Corporation (NASDAQ:NVDA) Here's a closer look at NVDA stock's performance lately, and how analysts and options traders have been playing the chip stock.According to data from Schaeffer's Senior Quantit...Read More
The Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) are all trading at record highs once again, as retail stocks continue to outperform. Aside from more data pointing toward record-setting Cyber Monday sales, investors are digesting a consumer confidence number for November that struck a 17-year high, on top of a better-than-expected S&P CoreLogic Case-Shiller...Read More
Luxury jewelry maker Tiffany & Co. (NYSE:TIF) is joining its fellow retail stocks in the spotlight today, as Wall Street digests Cyber Monday sales that are estimated to be a record high $6.59 billion. This comes just ahead of TIF's third-quarter earnings report, which is set to released before tomorrow's open. Tiffany stock was trading down 0.8% at $92.56 at last check, but if past is precedent,...Read More
Shares of Roku Inc (NASDAQ:ROKU) are up 8.7% to trade at $50.55 -- earlier hitting a record high of $50.90 -- after Adobe Analytics said the company's streaming devices were among the top sellers on Cyber Monday. This follows the stock's nearly 18% pop on Monday, thanks to a $22 price-target hike to $50 at Needham, which said ROKU stock is "materially cheaper" than rival Netflix (NFLX). As such, R...Read More
"Investors pulled $6.8 billion from high yield bond funds over the past week, their third largest outflows on record, Bank of America Merrill Lynch (BAML) said on Friday, as the sell off in junk debt accelerated." -- Reuters, Nov. 17, 2017 As the article linked above details, it's been a rough ride for junk bonds since the European Central Bank (ECB) announced in late October its intent to taper b...Read More
U.S. stocks are trading higher on the heels of record-breaking Cyber Monday retail sales. Three stocks making moves today are sports bar and restaurant chain Buffalo Wild Wings (NASDAQ:BWLD), tech giant Amazon.com, Inc. (NASDAQ:AMZN), and medical device company Apollo Endosurgery Inc (NASDAQ:APEN). Here's a closer look at what's moving shares of BWLD, AMZN, and APEN.Buffalo Wild Wings Stock Soar...Read More
CyberArk Software Ltd (NASDAQ:CYBR) has underperformed on the charts this year, adding a meager 3% in 2017 and shedding 10% year-over-year. The software stock rallied after hitting an annual low of $39.34 on Aug. 30, but is still badly underperforming the Nasdaq Composite (IXIC) and Russell 2000 Index (RUT). Plus, the stock is now staring up at a formidable challenge in the $48 area; the security...Read More
Analysts are weighing in drug stocks Intercept Pharmaceuticals Inc (NASDAQ:ICPT), Biogen Inc (NASDAQ:BIIB), and Regeneron Pharmaceuticals Inc (NASDAQ:REGN). Here's a quick roundup of today's bearish brokerage notes on shares of ICPT, BIIB, and REGN.Leerink Sees Risks for Intercept Pharmaceuticals StockLeerink cut its price target for Intercept Pharmaceuticals stock to $60 from $66, saying a poten...Read More
Analysts are weighing in on RV manufacturer Thor Industries, Inc. (NYSE:THO), media stock Meredith Corporation (NYSE:MDP), and Puerto Rican financial concern Popular Inc (NASDAQ:BPOP). Here's what's moving shares of THO, MDP, and BPOP. THO Stock Touches Record High After EarningsThor Industries stock is up 11.5% to trade at an all-time high of $152.49, after the company last night posted a fiscal...Read More
Dow Jones Industrial Average (DJIA) futures are cautiously higher this morning, after the index touched a record high yesterday. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also pointed higher, with the indexes hoping to extend their recent journey into uncharted territory. Traders are digesting data on Cyber Monday sales, which are estimated around $6.6 billion -- the largest eve...Read More
The U.S. stock market started the day trading in positive territory, with the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all carving out new highs. Retail stocks were one of the driving forces behind the early action, as traders reacted to record-setting Black Friday online sales -- and upbeat expectations for Cyber Monday sales -- while strong housing da...Read More
While most of the bigger names have come and gone for the quarter, some companieshave yet to take their turn in the earnings confessional. Software developer Autodesk, Inc. (NASDAQ:ADSK) is due up this week, reporting third-quarter earnings after the market closes this Tuesday, Nov. 28. Here's a closer look at ADSK's performance lately, and how options traders are playing the software name ahea...Read More
The 20 stocks listed in the table below have attracted the highest total 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 coming off Black Friday are Amazon.com, Inc. (NASDAQ:AMZN) and Wal-Mart Stores Inc (NYSE:WMT), as retail stocks carry the m...Read More
Shares of U.S. Global Investors, Inc. (NASDAQ:GROW) have been soaring in recent sessions. Today, the shares are up 20.5% at $5.92, fresh off a five-year high of $6.90, after the investment company's CEO Frank Holmes waxed optimistic on bitcoin and cryptocurrency to CNBC. And earlier this month, the company reported strong earnings, thanks to a strategic investment in HIVE Blockchain Technologies,...Read More
Stocks are trading mixed this afternoon, despite a robust start to the holiday shopping season for many retailers. Among the names making big movesare e-commerce platform Square Inc (NYSE:SQ), cybersecurity company Barracuda Networks Inc (NYSE:CUDA), and drug concern Inovio Pharmaceuticals Inc (NASDAQ:INO). Here's a quick look at what's moving shares of SQ, CUDA, and INO.SQGaps Lower After BTIG D...Read More
Stocks shot higher out of the gate this morning, with the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all hitting record highs. However, these gains quickly evaporated, with the SPX now struggling to hold the 2,600 level. Traders were taking a risk-on approach following a number of positive Black Friday and Cyber Monday headlines, andretail stocks are outp...Read More
Ciena Corporation (NYSE:CIEN) received an analyst upgrade today, with BofA-Merrill Lynch raising its rating to "buy" from "neutral." The brokerage firm also reiterated its $28 price target -- representing expected upside of 31.6% to current trading levels -- and called CIEN stock "a clear share gainer" within the optical sector. Ahead of Ciena's Dec. 7 earnings report, the stock has been on the m...Read More
Retail stocks are in focus today, as traders digest a strong start to the holiday sales season, including record-breaking online sales numbers for Thanksgiving and Black Friday. Additionally, Adobe Analytics is projecting $6.6 billion in Cyber Monday internet sales, which would mark the biggest online shopping day ever in the U.S. Several retailers are making big moves in early trading, too, inclu...Read More
U.S. stocks are trading cautiously higher this morning, with retail stocks as the main focus amid the Cyber Monday chaos. Three stocks making moves today are patent acquisition company Marathon Patent Group Inc (NASDAQ:MARA), media and content concern Time Inc (NYSE:TIME), and technology powerhouse Apple Inc. (NASDAQ:AAPL). Here's a closer look at what's moving shares of MARA, TIME, and AAPL.MAR...Read More
Analysts are weighing in on online retail platform Shopify Inc (NYSE:SHOP), toymaker Funko Inc (NASDAQ:FNKO), and chip stock Micron Technology, Inc. (NASDAQ:MU). Here's what's moving shares of SHOP, FNKO, and MU. Shopify Stock Gains are Good News for Options TradersShopify stock is up 2.6% this morning at $114.66, after the company announced record-breaking Black Friday numbers. Plus, KeyBanc thi...Read More