A number of insurance stocks are making big movesThe Dow is rallying for a second straight session. Three stocks makingnoteworthy moves are health insurer Anthem Inc (NYSE:ANTM), pharma name Dova Pharmaceuticals Inc (NASDAQ:DOVA), and workplace services provider Staffing 360 Solutions Inc (NASDAQ:STAF). Below, we will take a closer look at howshares of ANTM, DOVA, and STAF are trading. ANTM Rises...Read More
Both BAC and JPM are testing their 30-day moving averagesBank stocks will be in focus shortly, with several big names set to kick off the new earnings season. Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM) are two such namesare set to report in the next week-- likely putting recent options traders on edge.In fact, both stocks popped up on Schaeffer's Senior Quantitative Ana...Read More
The brokerage firm raised its price target on the FAANG stock to $450The shares of Netflix, Inc. (NASDAQ:NFLX) are trading higher today, thanks to a bullish brokerage note. The FAANG stock was last seen up 1.3% at $413.35 -- on track for its third straight win -- and options traders are targeting even more upside by week's end.Earlier, Barclays boosted its price target on the stock to $450 from $3...Read More
Shares of the Snapchat parent are approaching a key level on the chartsWhile fellow social media stock Twitter (TWTR) is swimming in red ink today, the shares of Snapchat parent Snap Inc (NYSE:SNAP) are higher this afternoon, after TechCrunch said the firm is "building a visual product search feature that delivers users" to Amazon.com (AMZN) listings. Reports of the FAANG partnership have also sen...Read More
Put options are flying off the shelves at 21 times the usual paceThe shares of online pet pharmacy PetMed Express Inc (NASDAQ:PETS) are getting rocked today, due to an analyst downgrade. The equity was last seen 8.3% lower to trade at $39.09. As such, PETS stock is on the short-sale restricted (SSR) list, and option bears are coming out of the woodwork.Craig-Hallum downgraded Petmed stock to "sell...Read More
As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in June 2018.The case list below includes only updates. For other continuing cases this year, see the updates for January, February, March, April...Read More
Short-term LULU options are cheap at the momentShares of Lululemon Athletica inc. (NASDAQ:LULU) topped out at a record high of $130.49 earlier, after Cowen and Company raised its price target on the retail stock to $137 from $120. While LULU has since swung 1.5% lower to trade at $126.64, the equity could be ripe for a bullish options trade, if history is any guide.In fact, LULU stock recently pop...Read More
Our research team has identified a potential major price rotation setup in Crude Oil that may be one of the biggest opportunities for traders in a long while. Traders need to be aware of this potential move because it could coincide with other news related to foreign markets/economies as well as supply/demand issues throughout the rest of this year.Demand for Oil is tied to the economic acti...Read More
From Amazon, CVS, and AirBnB, early investment is the key to earning big.Any investor who wants to rake in big profits only really needs to know one thing:The biggest fortunes in the world right now are being made in technology.Take the following example:Amazon is now the world's third largest retailer, just behind Wal-Mart and CVS...Airbnb now offers more rooms than Hilton, InterContinental and M...Read More
Bank stocks are higher ahead of earnings seasonThe Dow Jones Industrial Average (DJI) is over 250 points higher at midday, as Friday's landmark jobs report has the blue-chip index on pace for its best day in more than a month. The trade war tensions that have plagued Wall Street in recent months have seemingly waned, and bank stocks are leading the charge ahead of second-quarter earnings season...Read More
CloseGain/LossGold $1258.20+$3.10Silver$16.11+$0.08XAU83.28-0.56%HUI178.82-0.22%GDM629.59-0.50%JSE Gold1076.07-6.63USD94.10+0.09Euro117.47-0.03Yen90.26-0.29Oil$73.85+$0.0510-Year2.861%+0.037T-Bond145.15625-0.50Dow24776.59+1.31%Nasdaq7756.20+0.88%S&P2784.17+0.88% The Metals: Gold gained $10.80 to $1265.90 in London before it drifted back lower in New York, but it still ended wit...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort210,483132,15659,665172,917266,067443,065457,888Change from Prior Reporting Period 15,36513,7108,2311,316-49724,91221,444Traders18195964952273206 Small Speculators (C) GoldSeek.com LongShortOpen Interest 51,09936,276494,164 6794,14725,591 non reportable positionsChange from th...Read More
- Italy is EU's ticking timebomb as debt nears EUR2.4 trillion- Italy's GDP is just EUR1.85 trillion; National debt is 132% of economy- Italy is politically dysfunctional at best of times; Now has populist left / right wing government- National debt owed to other EU nations alone is 25% of its GDP- Italy's debt threatens global GDP; May wipe 0.4% off global GDP- Default to create contagion in...Read More
Tailored Brands stock was an outperformer until hitting its mid-May peakRetail name Tailored Brands Inc (NYSE:TLRD) was an outperformer until its mid-May annual peak, but has since retreated back to a key trendline. And althoughthe Men's Warehouse parent isdown 0.5% to trade at $25.08 today,the stock's recent pullback could be a prime buying opportunity, if history is any guide. TLRD had been cl...Read More
“Heavy Oil” is basically a dirty word in the energyworld.But that’s all about to change.Technology company Petroteq Inc. is using anew proprietary Enhanced Oil Recovery (EOR) system that could completelyrevolutionize oil sands extraction. This technology just might be the key to unlockingthe next wave of the energy boom leading to domestic energy independence.Through a closed-loo...Read More
The options market is pricing in an unusually large post-earnings move for PEP stockPepsiCo, Inc. (NASDAQ:PEP) will be in focus before the open tomorrow, when the company will release its second-quarter earnings results. PEP stock actually posted its best post-earnings performance in at least two years back in April when it popped 2.1%, which also marked a third straight positive earnings reaction...Read More
The brokerage firm also set a $20 price target on the cybersecurity namePiper Jaffray raised its rating on FireEye Inc (NASDAQ:FEYE) to "overweight" from "neutral," and upped its price target by $3 to $20 -- a more than 25% premium to last Friday's close. The analyst in coverage said FEYE stock is at an attractive entry point, and cited "significant improvement" in demand trends, as well as new pr...Read More
The brokerage firm started coverage with a "buy" rating on GMEVideo game retailer GameStop Corp. (NYSE:GME) received a rare bull note this morning, with Jefferies initiating coverage with a "buy" rating and $18 price target. In the note the covering analyst suggested the company could evolve into a "hub for gamer connections, platform & accessory purchases, and fan culture products," while adding...Read More
GRPN has been a frequent target of short sellersGroupon Inc (NASDAQ:GRPN) stock is up 12.4% to trade at $4.90 this morning, after reports that the online discounter is exploring a sale, with company executives reportedly contacting a number of public firms to gauge interest in recent months. The report also indicates Chinese e-commerce giant Alibaba (BABA), which owns nearly 6% stake in Groupon,...Read More
The brokerage firm said the retailer's valuation is "too low to ignore"Shares of Michael Kors Holdings Ltd (NYSE:KORS) arehigher out of the gate, after HSBC initiated coverage with a "buy" rating and an $88 price target, saying the retailer's valuation is "too low to ignore." The brokerage firm's price target represents 31% upside to Friday's close, and sits in territory not charted since July 2...Read More