Stocks were stuck in neutral at the start of the week, as Wall Street digested a slew of M&A developments. The Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) managed to notch fresh record highs nonetheless, with the Dow extending its daily win streak to seven on Wednesday, thanks in part to a sharp rise in oil prices. However, worry began to creep into the ma...Read More
Stocks are trading mixed this afternoon, amid concerns about the Senate's tax plan. Among the stocks making big movesare telecom Frontier Communications Corp (NASDAQ:FTR), specialized manufacturer Esterline Technologies Corporation (NYSE:ESL), and pharmaceutical concern Puma Biotechnology Inc (NASDAQ:PBYI). Here's a quick look at what's moving shares of FTR, ESL, and PBYI.FTR Among Worst of Nasd...Read More
Shares of JD.com, Inc. (NASDAQ:JD) could be in for a volatile week of trading in the wake of sector peer Alibaba's (BABA) Singles Day extravaganza. The world's largest shopping day of the year is currently underway, with Alibaba saying sales hit $5 billion in the first 15 minutes of this year's event. Plus, the Chinese e-commerce issue is scheduled to report third-quarter earnings before the marke...Read More
The shares of red-hot Netflix, Inc. (NASDAQ:NFLX) are taking a breather today, after Walt Disney(DIS) CEO Bob Iger said building a streaming content service is the blue chip's "highest priority this year." Further, Iger said Disney's service will be "substantially" less than that of Netflix, which upped its fees for the first time on Oct. 5, sending NFLX shares soaring. However, today's pullback c...Read More
Amazon.com, Inc. (NASDAQ:AMZN), fresh off an earnings victory two weeks ago, reported yesterday that pop-up shops would be appearing at select Whole Foods Stores during the holidays. The e-commerce giant will be facing a fierce battle this Black Friday, as brick-and-mortar retail stores such as Walmart (WMT) and Best Buy (BBY) attempt to get a head-start on sales this season. Meanwhile, a couple...Read More
Retail stocks are making headlines today, with Nordstrom (JWN), Foot Locker (FL), and Finish Line (FINL) trading lower after garnering bearish analyst notes. Next Friday, traders will digest third-quarter earnings from sector peer Abercrombie & Fitch Co. (NYSE:ANF). Here's a closer look at what traders are expecting from the shares ahead of earnings.Since touching a 17-year low of $8.81 on July...Read More
Stocks are lower for the second straight day, as fears surrounding the Senate's tax plan continue to hover over markets. More specifically, investors are discouraged by reports of a delay to corporate tax cuts. The Dow Jones Industrial Average (DJIA) is pacing for its first weekly decline in nine weeks, though Disney (DIS) stock's post-earnings pop is keeping the losses in check. The S&P 500 Index...Read More
Drugstore stocks are trading higher today, as rumors swirl that Amazon (AMZN) will not not be entering the pharmacy business. CVS Health Corp (NYSE:CVS) and Walgreens Boots Alliance Inc (NASDAQ:WBA) are among those moving higher, and call traders are blasting both stocks' options pits -- betting on even more upside through tonight's close.Today's Pop Marks a Change of Pace for CVS StockCVS, for in...Read More
Bank stocks have been surging since President Donald Trump's unexpected victory during last November's U.S. election. Underscoring this positive momentum is the price action in the Financial Select Sector SPDR Fund (XLF), up 21% year-over-year. On Thursday, the shares pulled back as speculation swirled over Senate Republicans' tax reform plan -- settling down 0.3% at $26.16 -- and prompting one op...Read More
U.S. stocks are trading lower this morning amid fresh concerns over the Senate's proposed plan to delay corporate tax cuts until 2019. Among the stocks making moves today are entertainment powerhouse Walt Disney Company (NYSE:DIS), car rental company Hertz Global Holdings, Inc (NYSE:HTZ), and global e-commerce concern Alibaba Group Holding Ltd (NYSE:BABA). Here's a closer look at what's moving s...Read More
Analysts are weighing in on shoe retailers Finish Line Inc (NASDAQ:FINL) and Foot Locker, Inc. (NYSE:FL), as well as department store Nordstrom, Inc. (NYSE:JWN). Here's a quick roundup of today's bearish brokerage notes on FINL, FL, and JWN stocks.Cowen Downgrades FINL Stock on 'Skyrocketing' PromotionsFinish Line stock is down 12.3% to trade at $8.77, after Cowen downgraded the stock to "under...Read More
Analysts are weighing in on semiconductor stock Nvidia Corporation (NASDAQ:NVDA), alternative energy company Canadian Solar Inc. (NASDAQ:CSIQ), and immunotherapy concern Dynavax Technologies Corporation (NASDAQ:DVAX). Here's a quick roundup of today's bullish brokerage notes on shares of NVDA, CSIQ, and DVAX. Another Earnings Beat Could Mean Record Highs for NVDA StockNvidia stock is on pace to...Read More
Dow Jones Industrial Average (DJIA) futures are slumping again this morning, after the index snapped its seven-day win streakyesterday. Concerns over the Senate's proposed plan to delay corporate tax cuts until 2019 -- different from the bill making its way through the House -- is spooking both S&P 500 Index (SPX)and Nasdaq-100 Index (NDX) futures as well, setting all three indexes up for weekly...Read More
It was a gloomy day on Wall Street today, with the Dow Jones Industrial Average (DJIA) down more than 250 points at its session low. The S&P 500 Index (SPX), and Nasdaq Composite (IXIC) also spent the day in the red, amid disappointing retail earnings, a struggling tech sector, and concerns about GOP tax reform. Specifically, stocks reacted to reports that Senate Republicans' tax plan -- expected...Read More
Stocks are trading lower this afternoon, amid rising concerns that Senate Republicans' tax plan could delay corporate tax cuts to 2019. Among the stocks making big movesare online discount retailer Overstock.com, Inc. (NASDAQ:OSTK), biotech company Marinus Pharmaceuticals Inc (NASDAQ:MRNS), and tech concern Infinera Corp. (NASDAQ:INFN). Here's a quick look at what's moving shares of OSTK, MRNS,...Read More
Semiconductor stocks have dominated headlines lately, thanks to Broadcom's (AVGO) unsolicited buyout bid for Qualcomm (QCOM) and news Intel (INTC) has acquired a former Advanced Micro Devices (AMD) exec. The sector will remain in focus following Nvidia's (NVDA) earnings report -- due after tonight's close -- and one chip stock that should not be ignored is Micron Technology, Inc. (NASDAQ:MU). Belo...Read More
The stock market's lack of volatility in 2017 has made headlines lately, with the S&P 500 Index (SPX) enjoying a slow, steady grind to record highs. In fact, the last time the SPX dropped 3% or more was June 24, 2016, during the Brexit panic. Against this backdrop, we decided to break down a four-legged options strategy that allows you to capitalize on a period of muted, low-volatility price acti...Read More
Tech stocks have had a blowout year, as evidenced by the price action in the PowerShares QQQ Trust (QQQ). Heading into today's trading, the shares were up 30.4%, and topped out at a record high of $154.54 yesterday. Today, the overbought fund -- whose 14-day Relative Strength Index (RSI) closed last night at 76 -- is down 1.2% at $152.57 as the broader stock market sells off on concerns over Senat...Read More
Wall Street will be busy in the last full week before the Thanksgiving holiday. In the lead-up to November options expiration on Friday, a number of Fed officials are slated to speak throughout the week, while several high-profile economic reports -- including retail sales and the consumer price index (CPI) -- are due. Additionally, several Dow components will take their late-season turn on the ea...Read More
Retailers are in the spotlight this week, with stocks like Kohl's (KSS) and Fossil (FOSL) taking a hit after earnings. Friday morning, traders will digest quarterly results from sector peer JC Penney Company Inc (NYSE:JCP). Here's a closer look at what traders are expecting from the retail shares ahead of earnings.Earnings History Isn't on J C Penney's SideJ C Penney stock has tanked this year...Read More