Analysts are weighing in on Grand Theft Auto parent Take-Two Interactive Software, Inc. (NASDAQ:TTWO), biotech Halozyme Therapeutics, Inc. (NASDAQ:HALO), and photonics stock Coherent, Inc. (NASDAQ:COHR). Here's a quick roundup of today's bullish brokerage notes on shares of TTWO, HALO, and COHR. TTWO Shares Set for Record Highs After EarningsBetter-than-expected fiscal second-quarter sales and a...Read More
Dow Jones Industrial Average (DJIA) futures are muted this morning, after the index notched a sixth straight gain yesterday.S&P 500 Index (SPX) andNasdaq-100 Index (NDX) futures are also sticking close to breakeven. Earnings season continues to roll on, with Snap(SNAP) stock set to plunge after an earnings miss, and Wall Street newcomer Roku (ROKU) due up later today. Elsewhere, Wall Street is a...Read More
Stocks have performed exceptionally well recently, with the major market indexes hitting record highs. The S&P 500 Index (SPX) has gained 15% on the year thus far. You might think a pullback or at least a pause is in order. Well, not according to the seasonality trend. Historically, November through April is the most bullish six-month period of the year for the stock market. The Next Six MonthsTh...Read More
After each touching record highs in early trading, the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all pulled back, dragged down by struggling financial stocks and dismalearnings reports from Priceline (PCLN) and TripAdvisor (TRIP), to name two. Only the Dow managed to eke out a win, swinging higher in the final minutes of trading to notch a sixth straight...Read More
Earnings season continues this week, as traders today digested negative reactions from travel and drug stocks alike. After the close Wednesday, Wall Street will hear from TV streaming platform provider Roku Inc (NASDAQ:ROKU) -- marking its first earnings report as a publicly traded company. Here's a closer look at what ROKU options traders are expecting from the entertainment stock ahead of th...Read More
Shares of Hertz Global Holdings Inc (NYSE:HTZ) are getting smacked today, after sector peer TrueCar (TRUE) reported its first revenue miss in almost two years and gave dismal sales guidance. At last check, HTZ stock was down 19.5% to trade at $20.35, earlier touching the round $20 mark for the first time since early September. And ahead of the car rental company's own turn in the earnings confessi...Read More
Square Inc (NYSE:SQ) is scheduled to report earnings after the market closes on Wednesday, and options volume has been unusually heavy heading into the event. In fact, put and call open interest currently sit at 52-week highs, with traders on both sides of the aisle placing bets before the release. Below, we'll take a closer look at recent options activity on SQ stock, and how the shares have been...Read More
Retail stocks are spiraling today, on reports major department stores have ordered less inventory for the holiday season. Even as rumors swirl over a possible Amazon takeover (subscription required), shares of Kohl's Corporation (NYSE:KSS) are down 4.8% to trade at $40.56. Nevertheless, one options trader seems confident KSS will bounce back by week's end -- a time frame that includes the retailer...Read More
Stocks are trading lower this afternoon, despite a brush with record highs this morning. Among the stocks making big movesare pharmaceutical concerns Mallinckrodt PLC (NYSE:MNK),Keryx Biopharmaceuticals (NASDAQ:KERX), and Five Prime Therapeutics Inc (NASDAQ:FPRX). Here's a quick look at what's moving shares of MNK, KERX, and FPRX.Mallinckrodt Stock Falls on Disappointing Drug SalesMallinckrodt sto...Read More
Canadian Solar Inc. (NASDAQ:CSIQ) will report third-quarter earnings before Thursday's opening bell. Given how sector peer First Solar (FSLR)rallied in late October after earnings, the solar company's earnings reaction is highly anticipated. Here's a closer look at CSIQ stock's performance lately, and how options traders are positioning themselves ahead of earnings.Although the Guggenheim Solar ET...Read More
After again touching record highs this morning, the Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) have pulled back sharply. Investors are digesting the latest round of earnings reports, and the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) for September, which remained near record levels. Next up is an afternoon speech from departing Fed...Read More
Shares of Blue Apron Holdings Inc (NYSE:APRN) are spiraling today, after Weight Watchers (WTW) said it will test a meal-delivery service -- throwing its hat in an increasingly crowded space that includes Amazon (AMZN). At last check, APRN stock was down 16.4% at $3.29, fresh off a record low of $3.24. Nevertheless, call volume is accelerated, with a number of options traders eyeing a quick rebound...Read More
Bank stock Morgan Stanley (NYSE:MS) recently pulled back to its ascending 40-day moving average, which has marked buying opportunities in the past. Despite the recent dip, the equity is up more than 18% year-to-date, and over 52% year-over-year, outperforming the broader S&P 500 Index (SPX) and the Financial Select Sector SPDR Fund (XLF). What's more, the shares are trading above $46, which is hal...Read More
U.S. stocks are trading modestly higher this morning, with the major equity indexes hitting fresh record highs out of the gate. Among the stocks making moves are drug concern Valeant Pharmaceuticals International Inc (NYSE:VRX), enterprise software provider Salesforce.com, Inc. (NYSE:CRM), and drybulk shipping company Diana Containerships Inc (NASDAQ:DCIX). Here's a closer look at what's moving sh...Read More
Analysts are weighing in on athleisure stock Under Armour Inc (NYSE:UAA), Oprah-endorsed Weight Watchers International, Inc. (NYSE:WTW), and homemade goods platform Etsy Inc (NASDAQ:ETSY). Here's a quick roundup of today's bullish brokerage notes on shares of UAA, WTW, and ETSY. Susquehanna Upgrades Under Armour StockUnder Armour stock was upgraded to "neutral" from "negative" at Susquehanna, send...Read More
Analysts are weighing in on travel stocks Priceline Group Inc (NASDAQ:PCLN) and Tripadvisor Inc (NASDAQ:TRIP), as well as online car-shopping service TrueCar Inc (NASDAQ:TRUE). Here's a quick roundup of today's bearish brokerage notes on PCLN, TRIP, and TRUE.Priceline Shares Tank on Disappointing GuidanceDespite the travel company's third-quarter earnings and revenue beat, Priceline stock is dow...Read More
Dow Jones Industrial Average (DJIA) futures are sluggish, but pointed slightly higher this morning. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also flat, after the indexes touched record highs yesterday. Earnings season continues to chug along, while markets await theLabor Department's latest Job Openings and Labor Turnover Survey (JOLTS), due out at 10:00 a.m. ET. President T...Read More
The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) each touched record highs today, even as telecom stocks sank after Sprint (S) ended merger talks with T-Mobile (TMUS). Instead, traders cheered takeover chatter in the chip sector, after Broadcom (AVGO) made an unsolicited $103 billion buyout bid for Qualcomm (QCOM), and energy stocks rallied with oil pric...Read More
Semiconductor stocks have been red-hot lately, between an AMD-Intel partnershipand Broadcom's unsolicited buyout bid for Qualcomm. Amid all of the action, the VanEck Vectors Semiconductor ETF (SMH) hit a record high of $104.20 today, last seen up 1% at $104.04. Below, we will examine SMH's record run and see how options traders have been positioning themselves. Today's milestone is the cherry o...Read More
It's a big week for retail earnings, with accessories designer Michael Kors (KORS) kicking things off this morning with a blowout report. Looking ahead, department store Macy's Inc (NYSE:M) is scheduled to report earnings Thursday morning. Ahead of the event, M stock is down 1.6% at $18.07 -- fresh off a seven-year low of $17.94 -- after Morgan Stanley reiterated its negative fourth-quarter outloo...Read More