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Analyst Note Rocks GE; Drug Stock Pops on FDA Nod

March 13, 2018 / www.schaeffersresearch.com

Stocks have given back their early gains following the shake-up in President Trump's cabinet. Among individual names making notable moves are chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD), Dow component General Electric Company (NYSE:GE), and biotech Proteostasis Therapeutics Inc (NASDAQ:PTI). Here's a quick look at what's driving shares of AMD, GE, and PTI. AMD Shares Ricochet HigherAMD...Read More

FireEye Stock Signaling A Breakout Above $20

March 13, 2018 / www.schaeffersresearch.com

FireEye Inc (NASDAQ:FEYE) stock has been on a tear lately, racing to a two-year high of $18.29 last Thursday. If past is precedent, the software name could be gearing up for an even bigger move in the coming months. FireEye stock is down 1.2% today to trade at $17.59, pulling back after logging a fifth straight weekly win. The shares have tacked on 25% in 2018, guided higher by their rising 10-...Read More

Time to Bet On This Stock's Next Leg Higher

March 13, 2018 / www.schaeffersresearch.com

Yelp Inc (NYSE:YELP) shares gapped lower in early February, as traders reacted to a disappointing sales forecast. However, the stock last week took out its pre-earnings close -- a pattern that's led to short-term gains this year. In addition, YELP muscled north of a trendline that connected lower highs since November, and retook the $45 level -- triple its initial public offering (IPO) price and t...Read More

Stocks Lower as Traders Eye Tillerson, Tech

March 13, 2018 / www.schaeffersresearch.com

After starting the day roughly 200 points higher,the Dow Jones Industrial Average (DJI) has pared most of its gains, as traders react to the firing of Secretary of State Rex Tillerson. President Trump nominated CIA Director Mike Pompeo as Tillerson's replacement, and named Gina Haspel the new leader of the spy agency. Meanwhile, despite easing concerns about inflation, the S&P 500 Index (SPX) and...Read More

Options Traders Again Take Aim at 3D Systems Stock

March 13, 2018 / www.schaeffersresearch.com

3-D printing specialist 3D Systems Corporation (NYSE:DDD) has become a favorite stock for options traders due to its volatile trading history. Interest is again picking up with the company set to report earnings after the close on Wednesday, as DDD open interest currently stands in the 81st annual percentile. And not surprisingly, volatility expectations have been surging.Specifically, implied vol...Read More

5 Stocks to Buy for the Marijuana Megatrend

March 13, 2018 / www.schaeffersresearch.com

If you thought there was big potential for marijuana stocks last year, you haven't seen anything yet.Because 2018 is the year the marijuana megatrend is born!Previously, early investors in this industry speculated on no-name stocks and thinly-traded companies on little more than rumor. And while a well-timed trade could make you money, there were mammoth risks in marijuana stocks that meant plent...Read More

2 Drug Stocks Ripe For A Short Squeeze

March 13, 2018 / www.schaeffersresearch.com

Drug stocks Bellicum Pharmaceuticals (NASDAQ:BLCM) and Sarepta Therapeutics Inc (NASDAQ:SRPT) are both trending higher this morning. Bellicum reported some encouraging interim drug data, while Sarepta was the subject of another bullish brokerage note. What's more, a short squeeze could add fuel to the fire for both BLCM and SRPT stocks.Positive Cancer Drug Data Boosts Bellicum StockBellicum st...Read More

Nasdaq Hasn't Done This in 4 Years

March 13, 2018 / www.schaeffersresearch.com

The Nasdaq Composite (IXIC) just wrapped up a seven-day winning streak, marking its longest since October. What's more, during this latest win streak, the Nasdaq has already gained 5.7% -- the first time it's generated a gain of more than 5% in seven consecutive up days since February 2014. However, if recent history is any indicator, the tech-rich index could be due to cool off soon.There were fi...Read More

Nike Put Writers Benefit From Another Bull Note

March 13, 2018 / www.schaeffersresearch.com

Credit Suisse weighed in bullishly on athletic apparel stocks Nike Inc (NYSE:NKE) and Lululemon Athletica inc. (NASDAQ:LULU) after yesterday's close. The brokerage firm began coverage on NKE shares with an "outperform" designation and $78 price target, well above the security's Feb. 27 record high of $70.25. At last check, the blue chip was trading up 0.6% at $67.24, which is good news for a recen...Read More

DKS Stock Falls After Earnings Again as 4Q Sales Disappoint

March 13, 2018 / www.schaeffersresearch.com

Shares of retailer Dick's Sporting Goods Inc (NYSE:DKS) are falling after the company earlier reported fourth-quarter earnings that slightly topped estimates, though same-store sales and revenue that fell short. The company also stated that in order "to more closely align with industry practices," it will no longer offer quarterly outlooks.Overall, Dick'sstock has had a disappointing year, droppin...Read More

4 ETFs in Focus Ahead of March Options Expiration

March 13, 2018 / www.schaeffersresearch.com

It's been an eventful stretch for the stock market lately, with a remarkable nine-year rally in the Dow freshly marred by a rare streak of three straight 1% down days. The choppy price action and ramped-up volatility have rattled many investors right out of equities; etf.com data shows that the benchmark SPDR S&P 500 ETF Trust (NYSEARCA:SPY) registered net outflows in excess of $18 billion during...Read More

Stock Futures Pare Gains on Tillerson Ouster

March 13, 2018 / www.schaeffersresearch.com

Wall Street this morning is focusing on economic data, as investors react to February's consumer price index (CPI). Consumer prices ticked up 0.2% for the month, matching expectations and easing fears of accelerating inflation ahead of next week's Fed meeting. Stock futures soared as a result, with the Dow Jones Industrial Average (DJI) ready for a triple-digit jump at the open. The Nasdaq Composi...Read More

Dow Finishes Lower as Nasdaq Extends Winning Streak

March 12, 2018 / www.schaeffersresearch.com

Stocks started the day off strong, as traders continued to react to Friday's jobs report. However, lingering concerns President Donald Trump's tariffs -- set to be implemented later this month -- and big sell-offs for blue chips Intel (INTC), Boeing (BA) and Caterpillar (CAT) sent the Dow down 157 points at the close. Tech stocks outperformed, however, with the Nasdaq locking in a fresh record clo...Read More

Nomura Note Provides Another Spark for Micron Stock

March 12, 2018 / www.schaeffersresearch.com

It's been a volatile day for stocks, with the Dow exploring a 282-point range on both sides of breakeven, but lower at last check. Among individual names making notable moves are semiconductor stock Micron Technology, Inc. (NASDAQ:MU), financial giant Goldman Sachs Group Inc (NYSE:GS), and biotech Merrimack Pharmaceuticals Inc (NASDAQ:MACK). Here's a quick look at how shares of MU, GS, and MACK ar...Read More

Previewing DSW's Q4 Earnings Release

March 12, 2018 / www.schaeffersresearch.com

Footwear concern DSW Inc. (NYSE:DSW) is expected to report its fourth-quarter earnings tomorrow before market open. DSW has shed 5.6% year-over-year, and has been trading below newfound resistance of the 50-day moving average since late January. Shares of DSW were last seen up 2.4% at $19.54. History suggests DSW could continue this positive price action tomorrow, considering the stock has had a...Read More

Dick's Sporting Goods Options Traders Brace for a Volatility Crush

March 12, 2018 / www.schaeffersresearch.com

Retail earnings have been in the spotlight in recent weeks, and Dick's Sporting Goods, Inc. (NYSE:DKS) is next to take the mic, with its results slated for release before tomorrow's open. Ahead of the event, DKS stock was trading up 2.8% at $32.77, but the shares are running into potential technical resistance, and given their history of negative earnings reactions, today's rally could be short-li...Read More

Intel Stock Dips Amid Broadcom Buyout Speculation

March 12, 2018 / www.schaeffersresearch.com

Shares of semiconductor concern Intel Corporation (NASDAQ:INTC) are slightly lower following a Wall Street Journal report suggesting the company is considering making an offer to buy Broadcom (AVGO), providing yet another twist in the latter firm's pursuit of Qualcomm (QCOM). Intel responded with a statement downplaying the M&A buzz, saying it's instead focused on integrating its previous acquisit...Read More

Dow, S&P Retreat; Nasdaq Headed for 7th Straight Win

March 12, 2018 / www.schaeffersresearch.com

Payrolls-related tailwinds helped boost the Dow Jones Industrial Average (DJI) to a triple-digit lead in early trading, but the lingering optimism toward last Friday's jobs data has since evaporated. At last check, Dow was down more than 100 points -- pressured by big drops for Boeing (BA) and Intel (INTC) -- while the S&P 500 Index (SPX) has also turned lower. Meanwhile, the Nasdaq Composite (IXI...Read More

Options Traders Bet On Record Highs For Facebook, Microsoft Stocks

March 12, 2018 / www.schaeffersresearch.com

Facebook Inc (NASDAQ:FB) was in the news recently, after inking an exclusive streaming partnership with Major League Baseball last week. Also making headlinesis Microsoft Corporation (NASDAQ:MSFT), in focus after Deutsche Bank raised its price target to $120 from $115. Meanwhile, options volume for both big-cap tech stocks has been hot in recent weeks.Both FB and MSFT stocks landed on Schaeffer's...Read More

Citron Short Call Dings Netflix Stock

March 12, 2018 / www.schaeffersresearch.com

Netflix, Inc. (NASDAQ:NFLX) hit a record high on Friday, but today the shares are trading 2.1% lower at $324.62, after Citron Research in a tweet said "the stock can be shorted back to $300. Content spend unsustainable long term." While this price target represents a nearly 8% pullback from current levels, NFLX was trading below $300 as recently as last Monday. Short interest on Netflix is actuall...Read More

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