The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are trading lower this afternoon,reeling from a batch of lackluster earnings. Of note, Boeing (BA) and Coca-Cola (KO) stocks are in the red after earnings, overshadowing a well-received report from fellow blue chip Visa (V), and setting the Dow up for its worst day since Sept. 5. Meanwhile, the Nasdaq is pac...Read More
The S&P 500 Index (SPX) is barreling toward November boasting a roughly 14% year-to-date return -- and is fresh off an Oct. 23 record high of 2,578.29. This momentum could continue in the near term, too, considering the six-month period from November to April is one of the best times to own stocks. Shorter-term traders, meanwhile, may want to take a closer look at insurance firm Cincinnati Financi...Read More
U.S. stocks are trading lower this morning, due to a round of lackluster earnings reports. Among the stocks making moves this morning are global semiconductor company Advanced Micro Devices, Inc. (NASDAQ:AMD), online hotel platform Trivago(NASDAQ:TRVG), andmedical research concern Cellect Biotechnology Ltd. (NASDAQ:APOP). Here's a closer look at what's moving shares of AMD, TRVG, and APOP.AMD Dr...Read More
Analysts are weighing in on tech stock Akamai Technologies, Inc. (NASDAQ:AKAM), online restaurant delivery service GrubHub Inc (NYSE:GRUB), and luxury carmaker Tesla Inc (NASDAQ:TSLA). Here's a quick roundup of today's bullish brokerage notes on shares of AKAM, GRUB, and TSLA.Akamai Technologies Stock Sees Mixed Analyst Attention After Earnings BeatAkamai Technologies stock is up 7.8% to trade at...Read More
Analysts are weighing in on fast-casual restaurant Chipotle Mexican Grill, Inc. (NYSE:CMG), network equipment specialist Juniper Networks, Inc. (NYSE:JNPR), and healthcare firm Acadia Healthcare Company Inc (NASDAQ:ACHC). Here's a quick roundup of today's bearish brokerage notes on shares of CMG, JNPR, and ACHC.Chipotle Earnings Badly Miss Wall Street EstimatesChipotle stock is about to get smo...Read More
Dow Jones Industrial Average (DJIA) futures are struggling this morning, as the frenzy of earnings season rolls along. Of note, traders are digesting a slew of blue-chip earnings, with Boeing (BA), Coca-Cola (KO), and Visa (V) all reporting. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) arealso lower, weighed down by disappointing earnings from Chipotle Mexican Grill (CMG) and Adv...Read More
The Dow Jones Industrial Average (DJIA) rallied sharply out of the gate this morning, thanks to strong earnings from components Caterpillar (CAT), 3M (MMM), and McDonald's (MCD). But while the Dow pushed deeper into record-high territory, upside was relatively muted for the Nasdaq Composite (IXIC), as weakness in biotech stocks (like Biogen) offset earnings-driven gains. And in the final hour of...Read More
Next Wednesday, the Fed will conclude a two-day policy meeting. The Fed isn't expected to do anything with interest rates, but markets can still move based on what Fed Chair Janet Yellen has to say afterward. Below, I show you how stocks have performed around these closely watched Fed days.Fed Days & Rest of the Week Fed days haven't had much effect on stocks recently. Since 2015, the S&P 500 Inde...Read More
It's been a strong year for the biotech sector, with the SPDR S&P Biotech ETF (XBI) and Health Care Select Sector SPDR Fund (XLV) boasting year-to-date gains of 42% and 20%, respectively. Against this backdrop, Guggenheim initiated coverage on a number of biotech stocks with an upbeat "buy" rating, including Celgene Corporation (NASDAQ:CELG), Biogen Inc (NASDAQ:BIIB), and Ocular Therapeutix Inc (N...Read More
Shares of Ford Motor Company (NYSE:F) are flying high today, thanks to a strong earnings report from sector peer General Motors (GM). And while GM stock is fresh off a new record high, Ford stock is up 1.3% at $12.20. Ahead of Ford Motor's own turn in the earnings confessional Thursday morning, put volume is running at an accelerated pace -- with a number of speculators bracing for a quick retreat...Read More
Stocks are significantly higher this afternoon, with the Dow hitting a fresh record high. Healthcare company Centene Corp (NYSE:CNC) is down, while Jeep parent Fiat Chrysler Automobiles NV (NYSE:FCAU) and biotech stock Pain Therapeutics, Inc. (NASDAQ:PTIE) are enjoying breakout sessions. Here's a quick look at what is moving shares of CNC, FCAU, and PTIE.CNC Stock Plummets Over Federal Subsi...Read More
One of the notable constants in the stock market's post-election march to new highs has been the prolonged hibernation of the CBOE Volatility Index (VIX), with scores of seasoned volatility pros having prematurely called for an end to the "low VIX regime" over this period. But as the VIX stubbornly refuses, for now, to revert to anything resembling its historical mean, 2017 has continued to be a b...Read More
Shares of Polaris Industries Inc. (NYSE:PII) are soaring today, thanks to the company's impressive earnings report. PII stock was last seen 15.5% higher -- making it the top S&P MidCap 400 Index (MID) percentage gainer today -- and earlier hit a two-year high of $126.85. The shares are now up 50% year-to-date, and are pacing for their first close above their 36-month moving average in over two yea...Read More
Earnings season is hitting high gear, with a number of stocks already delivering earnings wins. Looking ahead, online restaurant delivery service GrubHub Inc (NYSE:GRUB) is slated to unveil its quarterly results before tomorrow's open. Here's a closer look at how GRUB stock has been performing ahead of earnings, and how traders both in and out of the options pits have been positioning themselves....Read More
The Dow Jones Industrial Average (DJIA) touched another fresh record high today, and was last seen flirting with a gain of nearly 200 points, thanks to another load of respectable earnings reports. Most notably, 3M (MMM) and Caterpillar (CAT) stocks are leading the charge, with McDonald's (MCD) also in the black after earnings. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are both trading...Read More
Blue-chip earnings continue to impress, with Dow stocks Caterpillar, 3M, and McDonald's guiding the index to record highs this morning. Now it's Boeing Co's (NYSE:BA) turn, with the aerospace giant scheduled to report earnings tomorrow morning. BA stock -- which just yesterday hit a record high of $265.98 -- is trading up 0.8% at $264.38, and considering its post-earnings history, it wouldn't be s...Read More
Put volume was accelerated on Under Armour Inc (NYSE:UAA), with roughly 12,000 contracts traded -- more than two times what's typically seen in a typical trading session. Short-term contracts were being bought to open, and with UAA shares staging a sharp late-afternoon selloff, one of these bearish traders in particular placed a well-timed bet.Diving deeper, the weekly 10/27 17.50-strike and weekl...Read More
U.S. stocks are trading higher this morning after a slew of positive third-quarter earnings were released before the bell. Among the stocks making moves this morning are construction and mining equipment manufacturer Caterpillar Inc. (NYSE:CAT), automobile designer and producer General Motors Company (NYSE:GM), and technology powerhouse Apple Inc. (NASDAQ:AAPL). Here's a closer look at what's movi...Read More
The S&P 500 Index (SPX) just did something so rare it's happened only 13 other times in history. Specifically, the index yesterday not only made a bearish engulfing pattern, but also hit an all-time high. Below, we'lltake a look at how the S&P tends to perform after this unique double occurrence.A bearish engulfing pattern happens when the index "engulfs" the previous day's candle. Specifically, i...Read More
It appears to be an opportune time to take a long position on blue chip American Express (NYSE:AXP). The company just topped earnings expectations and raised its full-year outlook, and although its long-time CEO is stepping down, he'll be replaced by a 30-year veteran of the firm. On top of these promising fundamental developments, the stock's technical prospects also appear bullish. For insta...Read More