Since news of a massive data breach first hit earlier this month, shares of Equifax Inc. (NYSE:EFX) have shed nearly one-third of their value. And while the shares were last seen trading up 1.1% at $97.06 -- comfortably off their Sept. 14 two-year low of $89.59 -- even after the company acknowledged yesterday that a hacker had initially comprised its system on March 10 and that it's been sending c...Read More
When we checked in on regenerative tissue specialist MiMedx Group Inc (NASDAQ:MDXG) last month, it looked like the sky was the limit, with the shares sporting a year-over-year gain of 130% and trading near $17. Things are drastically different this time around, however, with MDXG stock last seen trading near $12.39. The sell-off comes after Viceroy Research released yesterday a short seller re...Read More
Athletic apparel retailer Finish Line Inc (NASDAQ:FINL) will take its late-season turn in the earnings confessional tomorrow morning. FINL stock has a history of making big post-earnings swings in either direction, and one options trader today is betting on a repeat performance -- and paying a pretty penny to do so.FINL Options Traders Have Been Targeting PutsSo far today, 45,870 options have trad...Read More
U.S. stocks are pulling back after the Federal Reserve's latestmeeting, with the Dow at risk of snapping its nine-day winning streak. Two managed healthcare stocks also pulling back today are CIGNA Corporation (NYSE:CI) and UnitedHealth Group Inc (NYSE:UNH), as President Trump tries to push a new Republican healthcare bill through Congress. The stocks' retreats, however, could create compelling...Read More
The Dow Jones Industrial Average (DJIA) is lower at midday, pulling back as markets digest the Fed's plans to shrink its balance sheet, as well as hints of an additional rate hike in December. In addition, Apple stock is once again reeling, pacing for its worst week since June. While the Dow touched a record intraday high earlier, its seventh straight record close and nine-session winning streak...Read More
All eyes will be on the Fed next week, after the Federal Open Market Committee (FOMC) yesterday detailed plans to begin unwinding its $4.5 trillion balance sheet beginning in October. Specifically, Wall Street will look to daily appearances from Federal Reserve officials for more specifics -- as well as possible hints on a December rate hike -- with Tuesday's late-morning address from Fed Chair Ja...Read More
The Federal Open Market Committee (FOMC) wrapped up its highly anticipated September meeting yesterday, with the central bank hinting at a December rate hike, andunveiling plans to start unwinding its balance sheet. Ahead of the announcement, we decided to look at the best and worst stocks and sectors during Fed Week.While gold and silver ETFs tend to do well, the VanEck Vectors Oil Services ET...Read More
Analysts are weighing in on financial software company Intuit Inc. (NASDAQ:INTU), automotive concern General Motors Company (NYSE:GM), and semiconductor specialist Texas Instruments Incorporated (NASDAQ:TXN). Here's a quick roundup of today's bullish brokerage notes on shares of INTU, GM, and TXN. Wells Fargo Sees New Highs for INTU StockWells Fargo upgraded INTU stock to "outperform," and raised...Read More
Analysts are weighing in on pharma stock Biogen Inc (NASDAQ:BIIB), toymaker JAKKS Pacific, Inc. (NASDAQ:JAKK), and packaged foods concern General Mills, Inc. (NYSE:GIS). Here's a quick roundup of today's bearish brokerage notes on shares of BIIB, JAKK, and GIS.Raymond James Downgrades Biogen Amid Drug CompetitionBiogen stock is down 0.8% to trade at $315.83, after Raymond James downgraded the phar...Read More
U.S. stocks are signaling a lower open after yesterday's Fed decision. Among specific stocks in focus today are semiconductor stock Advanced Micro Devices, Inc. (NASDAQ:AMD), biotech BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX), and Google parent Alphabet Inc (NASDAQ:GOOGL). Here's a closer look at what's moving shares of AMD, BCRX, and GOOGL. Tesla Partnership has AMD Pointed HigherAMD stock...Read More
Dow Jones Industrial Average (DJIA) futures are pointed lower this morning, after the index yesterday posted its seventh straight record close and ninth consecutive win. The S&P 500 Index (SPX), which notched a record close of its own yesterday, is also signaling a lower start. Stock traders continue to digest the Fed's plans to shrink its balance sheet, as well as hints of an additional rate h...Read More
Stocks initially retreated following the latest Fed policy announcement, butthe Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) ultimately bounced back to hit fresh record highs. The central bank said it'll begin unwinding its gigantic balance sheet next month, and that there's a chance for another rate hike this year. In response, bank stocks rallied, with Dow component JPMorgan C...Read More
U.S. stocks are trading lower this afternoon, as Apple keeps the Dow in check and traders digest the Federal Reserve's plan to reduce its massive balance sheet. Among the names in the spotlight today are pharmaceutical stocks DelMar Pharmaceuticals Inc (NASDAQ:DMPI), Arbutus Biopharma Corp (NASDAQ:ABUS), and Ionis Pharmaceuticals Inc (NASDAQ:IONS). Here's a quick look at what is moving shares...Read More
Shares of Fitbit Inc (NYSE:FIT) were up nearly 2% at their intraday peak -- possibly getting a lift on negative reports for the new Apple Watch -- but were last seen down 0.3% at $6.23. And while some options traders are betting on a quick rebound for FIT stock, others are eyeing even bigger losses in the near term.Amid below average volume, 5,710 calls and 2,569 puts have changed hands on FIT s...Read More
The shares of Apple Inc. (NASDAQ:AAPL) -- and many Apple suppliers -- are getting walloped today, amid negative reviews of the new Apple Watch. Specifically, the Apple Watch Series 3 -- which will begin shipping on Friday -- is facing reports of connectivity issues and battery limitations. Adding insult to injury, a Rosenblatt analyst said iPhone 8 pre-orders look weak, compared to when the iPhon...Read More
Put volume was accelerated on the iShares MSCI South Korea Capped ETF (EWY) yesterday after President Donald Trump said the U.S. might be forced to "totally destroy" North Korea. Meanwhile, iShares MSCI Mexico Capped ETF (EWW) yesterday was halted after a 7.1 magnitude earthquake hit Mexico City, and put traders began to pour in later in the day. Let's take a closer look at the data on exchang...Read More
Shares of Apple Inc. (NASDAQ:AAPL) are taking a hit today, after the tech giant reported connectivity issues with its new Apple Watch. AAPL stock's 2% drop is dragging down the shares of Apple suppliers, too, including Qorvo Inc (NASDAQ:QRVO) and Western Digital Corp (NASDAQ:WDC). QRVO and WDC were already staring down historical headwinds, considering they are two of the worst stocks to own dur...Read More
The Dow Jones Industrial Average (DJIA) has spent time on both sides of the aisle, but is modestly higher at midday, attempting to extend its winning streak to nine straight sessions. While the Dow touched a record intraday high earlier, and is looking for its sixth straight record close, Apple stock is helping to keep the index's gains in check, amid reports of connectivity issues for the new Ap...Read More
Aerospace name Boeing Co (NYSE:BA) and construction concern Caterpillar Inc. (NYSE:CAT) have displayed impressive price action in 2017. While BA is the best Dow stock in terms of year-to-date returns, fellow blue chip CAT isn't far behind. In fact, both Dow stocks are hovering near record highs, and could extend their surge next week. Specifically, "window dressing" at the end of the third quart...Read More
Analysts are weighing in on Dow drug stock Pfizer Inc. (NYSE:PFE), software giant Adobe Systems Incorporated (NASDAQ:ADBE), and sports retailer Hibbett Sports, Inc. (NASDAQ:HIBB). Here's a quick roundup of today's bullish brokerage notes on shares of PFE, ADBE, and HIBB. Morgan Stanley Shares Optimistic Outlook for PFE StockPfizer received an upgrade to "overweight" from "equal weight" at Morgan S...Read More