PayPal Holdings Inc (NASDAQ:PYPL) has been a major winner over the past year, adding roughly 69% year-over-year. The stock hit a record high of $69.61 on Oct. 13, and was last seen trading at $67.17, putting it on pace for a remarkable 11-month win streak. With the digital payments processor set to release earnings tomorrow, analysts and options traders are growing even more bullish on PYPL shares...Read More
The Dow Jones Industrial Average (DJIA)is trading higher this afternoon, comfortably north of the 23,000 mark and in record-high territory, thanks to another round of impressive blue-chip earnings. Specifically, IBM Stock is driving the Dow higher after earnings, and the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also fresh off record highs, though the latter has since dipped into the...Read More
Earnings season is in full swing. In addition to a number of Dow names and financial firms stepping up to the earnings plate, aerospace giant Honeywell International Inc. (NYSE:HON) is slated to unveil its quarterly results before Friday's open. Here's a closer look at how HON stock has been performing ahead of earnings, and how options traders are positioning themselves.Honeywell stock has added...Read More
Analysts are weighing in on semiconductor concern Lattice Semiconductor Corp (NASDAQ:LSCC), camera maker GoPro Inc (NASDAQ:GPRO), and Dow stock Merck & Co., Inc. (NYSE:MRK). Here's a quick roundup of today's bullish brokerage notes on shares of LSCC, GPRO, and MRK.Lattice Semiconductor Stock Scores First 'Buy' Rating in 5 MonthsLattice Semiconductor stock is up 5.1% to trade at $5.78, after Jeffe...Read More
U.S. stocks are trading mostly higher this morning, with strong IBM earnings sending the Dow to another new record above 23,000 -- even as the Nasdaq gives up early gains to trade slightly lower. Among the stocks making moves this morning are Sleep Number mattress parent Select Comfort Corp. (NASDAQ:SCSS), drug concern Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI), and financial stock JPMorgan Ch...Read More
Analysts are weighing in on burrito chain Chipotle Mexican Grill, Inc. (NYSE:CMG), Snapchat parent Snap Inc (NYSE:SNAP), and energy stock Chevron Corporation (NYSE:CVX). Here's a quick roundup of today's bearish brokerage notes on shares of CMG, SNAP, and CVX.CMG Stock Downgraded at BofA-Merrill LynchAhead of next Tuesday's earnings report, Chipotle Mexican Grill was downgraded to "underperform" f...Read More
Dow Jones Industrial Average (DJIA) futures are comfortably higher this morning, signaling another record high for the index. The Dow is set to take aim at the 23,000 level it briefly crossed yesterday, with help fromIBM's (IBM)earnings beat. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also higher ahead of the bell. Outside of earnings, traders are digesting lower-than-expected Septemb...Read More
Each month, the University of Michigan publishes their popular consumer sentiment index, which gauges the confidence of the average U.S. consumer. Additionally, and with less fanfare, the Michigan survey also publishes data on whether consumers think the stock market will increase over the next year. With the stock market at all-time highs, it's not surprising these polls are showing elevated leve...Read More
The Dow Jones Industrial Average (DJIA) topped the 23,000 level for the first time in early trading today, thanks to strong earnings from components Johnson & Johnson (JNJ) and UnitedHealth Group (UNH). Traders also cheered reports of a bipartisan healthcare agreement, which could help to preserve the Obamacare subsidies that President Trump put on the chopping block last week. However, despite...Read More
Big-cap financial firms continue to make headlines, as third-quarter earnings season heats up. Goldman Sachs Group Inc (NYSE:GS) and Morgan Stanley (NYSE:MS) both posted better-than-expected earnings today, although shares of the former closed lower. Stepping up to the earnings plate tomorrow are U.S. Bancorp (NYSE:USB) before the open and American Express Company (NYSE:AXP) after the close....Read More
Healthcare stocks are in focus today, after Senators Lamar Alexander and Patty Murray -- a Tennessee Republican and Washington Democrat, respectively -- announced a bill to reinstate federal subsidies to health insurers. Less than one week after issuing an executive order to roll back parts of Obamacare, President Trump called the bipartisan effort a "short-term" deal. Nevertheless, the Health Car...Read More
Online auction site eBay Inc. (NASDAQ:EBAY) hit an all-time high earlier this month of $39.28, but has since pulled back to a critical technical level that could provide key support. With the company's third-quarter earnings scheduled for release after the market closes tomorrow, Oct. 18, the stock could be set to bounce from this significant chart region -- but options traders appear to be bracin...Read More
Overstock.com, Inc. (NASDAQ:OSTK) is surging today, with some citing continued tailwinds from Marc Cohodes' change of heart last week, with the noted short seller citing the online retailer's exposure to digital currency as one of the reasons he's now long OSTK. Regardless of the reason, Overstock shares were last seen up 13.9% at $34.52 -- earlier hitting a four-year high of $34.60 -- and options...Read More
This Thursday, Oct. 19, will mark the 30th anniversary of Black Monday -- when the stock market notoriously crashed in 1987. This week, we'll be publishing a handful of features in observance of the event, kicking off today with stats on stock market performance before Black Monday, the hypothetical CBOE Volatility Index (VIX) reaction, and how the S&P 500 Index (SPX) has performed after its last...Read More
The Dow is modestly higher today, and just topped the 23,000 level for the first time ever. Among specific stocks on the move are educational product name Pearson plc (NYSE:PSO), solar power firm TerraForm Power Inc (NASDAQ:TERP), and water technology expert Badger Meter, Inc. (NYSE:BMI). Here's a quick look at what is moving shares of PSO, TERP, and BMI.Pearson Stock Surging After Upbeat Profit F...Read More
The Dow Jones Industrial Average (DJIA)is trading modestly higher this afternoon, with the index hitting a fresh all-time high during intraday trading. A handful of blue-chip earnings reports lifted the Dow above 23,000 for the first time ever, with UnitedHealth Group (UNH) and Johnson & Johnson (JNJ) stocks soaring to new highs. At last check, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC)...Read More
It was major headline news in September when JPMorgan Chase (JPM) CEO Jamie Dimon described bitcoin (BTC=) as "a fraud," with the cryptocurrency tumbling over 900 points (roughly 22% of its value) over the course of the following two trading days. In scathing commentary delivered at an investing conference, Dimon called bitcoin "stupid," and added, "It's worse than tulip bulbs... Someone is going...Read More
Earnings season is kicking into high gear. In addition to a number of Dow names and tech firms stepping up to the earnings plate, travel company United Continental Holdings Inc (NYSE:UAL) is slated to unveil its quarterly results after tomorrow's close. Here's a closer look at how UAL stock has been performing ahead of earnings, and how options traders are positioning themselves.Since hitting a re...Read More
U.S. stocks are trading mixed this morning, with the Dow elbowing higher after some positive blue-chip earnings reports. Among the stocks making moves this morning are pharmaceutical company Johnson & Johnson (NYSE:JNJ), banking concern Morgan Stanley (NYSE:MS), and GPS navigation company Garmin Ltd. (NASDAQ:GRMN). Here's a closer look at what's moving shares of JNJ, MS, and GRMN.Johnson & Johnson...Read More
Analysts are weighing instreaming entertainment service Netflix, Inc. (NASDAQ:NFLX), Dow stock UnitedHealth Group Inc (NYSE:UNH), and biotech Biogen Inc (NASDAQ:BIIB). Here's a quick roundup of today's bullish brokerage notes on shares of NFLX, UNH, and BIIB.Netflix Earnings Impress AnalystsNetflix stock is down 0.1% to trade at $202.59, reversing pre-market gains, despite the company's better-t...Read More