Dow Jones Industrial Average (DJIA) futures are pointed lower this morning, as traders await the onslaught of Fed speeches scheduled for this week. Just today, New York Fed President William Dudley, Chicago Fed President Charles Evans, and Minneapolis Fed President Neel Kashkari are slated to deliver speeches. Investors will likely be looking for fresh insight into the Fed's much-anticipated u...Read More
Analysts are weighing in on automaker General Motors Company (NYSE:GM), offshore driller Transocean Ltd (NYSE:RIG), and Amazon meal-delivery rival Blue Apron Holdings Inc (NYSE:APRN). Here's a quick roundup of today's bullish brokerage notes on shares of GM, RIG, and APRN. GM Revs Higher on Upgrade to "Buy"Deutsche Bank upgraded GM to "buy" from "hold" and hiked its price target to $51 from $36,...Read More
If you're a long-time reader of Monday Morning Outlook, I apologize for what I'm about to say, as it is a refrain that you have heard before: We enter this week's trading with multiple benchmarks trading at psychological round-number levels that have historically marked hesitation points or profit-taking levels. Specifically, perhaps the benchmark on most radars is the S&P 500 Index (SPX - 2,502.2...Read More
The Dow Jones Industrial Average (DJIA) struggled today, pulling back from record highs, as investors considered escalating tensions with North Korea and Apple's worst week since April 2016. However, the S&P 500 Index (SPX) and Nasdaq Composite (COMP) eked out gains in the final minutes of trading, as healthcare stocks came off their session lows after Senator John McCain said he couldn't...Read More
U.S. stocks are lower this afternoon, with the Dow down as Apple paces for its worst week in more than a year. Among the names in the spotlight today are e-commerce car platform Carvana Co (NYSE:CVNA), technology solutions provider Hewlett Packard Enterprise Co (NYSE:HPE), and credit agency Equifax Inc. (NYSE:EFX). Here's a quick look at what is moving shares of CVNA, HPE, and EFX.Analyst: 'S...Read More
It's been a busy week for Tesla Inc (NASDAQ:TSLA). After the stock got hit with a lackluster rating from Jefferies, reports of a potential union with Advanced Micro Devices swirled around the electric car company -- though the story was later refuted by GlobalFoundries. Additionally, the automaker announced it would be discontinuing the cheapest version of its Model S, while SolarCity, which...Read More
The week started off strong for the major stock indexes, with the Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) climbing to record highs leading up to and just after the Fed's highly anticipated September meeting. However, the Dow's win streak was snapped at nine sessions, and its string of record closes ended at seven, as expectations for a December rate hike grew. In addition, an u...Read More
Solar stocks are getting a lift today thanks to news the U.S. International Trade Commission (ITC) found cheap imports were harming domestic solar panel producers. One of the biggest beneficiaries so far is First Solar, Inc. (NASDAQ:FSLR), which is trading 5.2% higher at $51.28, earlier hitting an annual high of $53. This move is coming at the expense of options traders, who had been betting bear...Read More
Solar stocks are flying high today, after the U.S. International Trade Commission found that solar panel imports were negatively impacting domestic manufacturers. The agency will now pass along it recommendations to the Trump administration, which will decide whether to impose tariffs on the solar imports -- with China one of the main manufacturers. One alternative energy name getting a big boost...Read More
It's been a rough week for Apple Inc. (NASDAQ:AAPL). With today's 1.6% drop to trade at $150.94, the shares are pacing for a nearly 6% weekly decline -- their worst weekly loss since April 2016 -- amid pressure from negative Apple Watch reviews. And while iPhone 8 and iPhone 8 Plus go on sale today -- an event that could spark a "rocky day" for Apple due to lackluster sales, according to Loup Vent...Read More
Put options are usually thought of as bearish trading vehicles. However, puts can be utilized forbearish, bullish, and directionally neutral trading strategies. To gain more insight on the subject of put selling and all it has to offer, I spoke with Schaeffer's Senior V.P. of Research Todd Salamone.We issue at least two put-sell recommendations in our monthly Option Advisor newsletter. What indi...Read More
The Dow Jones Industrial Average (DJIA) is slightly lower at midday,as markets digest another nuclear bomb threat from North Korea, and reports that the country's next nuclear test could include a hydrogen bomb into the Pacific Ocean. Meanwhile, healthcare stocks are in the red, and Apple stock continues to sink, even with today's iPhone 8 launch, on track for its worst weekly loss since April 201...Read More
Bank stocks have been outperforming in recent weeks, as the September Fed meeting has increased interest in the group, especially after signaling plans for a December rate hike. As such, we've been watching the SPDR S&P Bank ETF (KBE), which is on a four-day win streak -- though the regional bank exchange-traded fund (ETF) is 0.2% lower today at $43.34. And while its chart still looks promising -...Read More
Analysts are weighing in on e-commerce powerhouse eBay Inc (NASDAQ:EBAY), pharmaceutical company Ascendis Pharma (NASDAQ:ASND), and aerospace concern Boeing Co (NYSE:BA). Here's a quick roundup of today's bullish brokerage notes on shares of EBAY, ASND, and BA. Benchmark Ups Price Target on EBAYBenchmark raised its EBAY price target to $45 from $40, but at last check, the stock was trading 0.3% lo...Read More
Analysts are weighing in on biotech stocks Versartis Inc (NASDAQ:VSAR) and Intercept Pharmaceuticals Inc (NASDAQ:ICPT), as well as luxury retailer Tiffany & Co. (NYSE:TIF). Here's a quick roundup of today's bearish brokerage notes on shares of VSAR, ICPT, and TIF.VSAR's Drug Fail Leads to a Flurry of Bearish Analyst AttentionVSAR stock is currently down a whopping 86% to trade at $3.02, a new...Read More
Dow futures are signaling a lower open due to renewed fears surrounding North Korea. Among specific stocks in focus today are used car retailer CarMax, Inc (NYSE:KMX), athletic apparel retailer Finish Line Inc (NASDAQ:FINL), and telecom stock Sprint Corp (NYSE:S). Here's a closer look at what's moving shares of KMX, FINL, and S. KMX Stock Rises After Earnings BeatCarMax stock is up 2.7% in pr...Read More
Dow Jones Industrial Average (DJIA) futures are pointed lower this morning, after the index snapped its seven-session run of record closes and nine-day win streak Thursday. Traders are digestinganother nuclear bomb threat from North Korea, as Kim Jong Un warned of the "highest level of hard-line countermeasure in history," following President Trump's threats to "totally destroy" the country if pro...Read More
Although the Dow Jones Industrial Average (DJIA) hit a fresh record high early on, the blue-chip index snapped its seven-session run of record closes and nine-day win streak. The S&P 500 Index (SPX) and Nasdaq Composite (COMP) struggled as well, as Apple stock extended its slide and traders considered a potential December rate hike following yesterday's Fed announcement. Meanwhile, gold suff...Read More
Video game titans Activision Blizzard, Inc. (NASDAQ:ATVI) and Electronic Arts Inc. (NASDAQ:EA) could be subject to extra investor attention next week. Per data from Schaeffer's Senior Quantitative Analyst Rocky White, the stocks have been two of the biggest gainers on the S&P 500 Index (SPX) in the past six months -- and could be ripe for increased buying activity as the third quarter comes to an...Read More
U.S. stocks are trading lower this afternoon, with the Dow at risk of snapping its nine-session winning streak. Among the names in the spotlight today are biopharmaceutical company Akari Therapeutics PLC (NASDAQ:AKTX), oil concern Transocean LTD (NYSE:RIG), and steel stock AK Steel Holding Corporation (NYSE:AKS). Here's a quick look at what is moving shares of AKTX, RIG, and AKS.Akari Therap...Read More