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Options Bulls Target Mexico ETF Ahead of Trump Tariff Announcement

March 08, 2018 / www.schaeffersresearch.com

The Dow was up triple digits earlier today on reports President Donald Trump will exempt Canada and Mexico from the steel and aluminum tariffs he's expected to implement later today. And while the blue-chip index has since erased these gains, the iShares MSCI Mexico Capped ETF (EWW) is keeping its head above water, last seen up 0.2% at $50.56. The fund's options pits are bustling, too, with one tr...Read More

Short-Term Options Traders Swarm BlackBerry After Latest Licensing Deal

March 08, 2018 / www.schaeffersresearch.com

BlackBerry Ltd (NYSE:BB) stock is up 3.1% to trade at $12.89, after the company announced a licensing deal with Punkt Tronics AG. The deal is part of the company's BlackBerry Secure licensing program which lets companies use its cybersecurity technology. Meanwhile, BB call buyers have turned out in droves today.More than 48,000 calls have traded so far -- six times what's typically seen at this p...Read More

Tech Stock Gets Wrecked By 'Sell' Rating

March 08, 2018 / www.schaeffersresearch.com

U.S. stocks have given back their early gains ahead of an afternoon meeting in the White House on trade and tariffs. Among the individual stocks making notable moves are mobile payments company Net Element International Inc (NASDAQ:NETE), drugmaker Immuron Limited (NASDAQ:IMRN), and tech issue Progress Software Corporation (NASDAQ:PRGS). Here's what's moving shares of NETE, IMRN, and PRGS. NETE St...Read More

2 Rallying Tech Stocks With Cheap Options

March 08, 2018 / www.schaeffersresearch.com

Tech stocks are having quite a week, with the Nasdaq Composite (IXIC) flirting with a fifth straight win. Among individual names with notable win streaks are cloud services specialist Akamai Technologies, Inc. (NASDAQ:AKAM) and enterprise solutions firm Citrix Systems, Inc. (NASDAQ:CTXS), and both equities have remarkably cheap options at the moment.Akamai Technologies Stock Upgraded at CowenAkama...Read More

This Dow Alarm Also Sounded Before Black Monday, Financial Crisis

March 08, 2018 / www.schaeffersresearch.com

After a quiet churn to record highs in 2017, the U.S. stock market started 2018 with a jolt of volatility. In fact, the Dow Jones Industrial Average (DJI) recently suffered three straight losses of 1% -- the longest such stretch in more than two years. What's more, similar signals preceded both the financial crisis and the Black Monday sell-off.Last Back-to-Back-to-Back 1% Drops Since 2016Since 19...Read More

Buy This Tech Stock Before Its Next Leg Higher

March 08, 2018 / www.schaeffersresearch.com

Shares of technology concern Nvidia Corporation (NASDAQ:NVDA) notched a record high of $251.97 on Feb. 21, but have since pulled back to stage a successful test of their rising 40-day moving average. If past is precedent, it could be time to bet on NVDA's next leg higher, as previous retreats to this trendline have had bullish implications for the stock.According to Schaeffer's Senior Quantitati...Read More

Inflation Data in Focus Ahead of March Fed Meeting

March 08, 2018 / www.schaeffersresearch.com

With the Fed set to meet later this month -- and fed funds futures indicating an 86% probability the central bank will raise interest rates at this two-day meeting, according to the CME Group website -- next week's pair of inflation reports will headline a busy economic calendar. Retailers will also be in focus, with retail sales and earnings from several notable names including Dick's Sporting Go...Read More

Stocks Mixed Ahead of Tariff Meeting; Nasdaq Eyes Fifth Straight Win

March 08, 2018 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJI) was up triple digits at its session peak, as traders digested a big pharma buyout and looked ahead to an afternoon trade announcement from the White House -- with some expecting President Donald Trump's tariff plans to exclude Canada and Mexico. However, the Dow has since turned lower, though the S&P 500 Index (SPX) is still clinging to positive territory. Me...Read More

Why These 2 Casino Stocks Are On the Rise

March 08, 2018 / www.schaeffersresearch.com

Casino stocks Caesars Entertainment Corp (NASDAQ:CZR) and Wynn Resorts, Limited (NASDAQ:WYNN) are trading sharply higher out of the gate thanks to separate corporate updates. We'll dig into the news behind the moves seen from CZR and WYNN shares below. Tax Benefit Boosts Caesars' Bottom LineShares of Caesars Entertainment are trading up 5.6% at $13.20 after the company posted a per-share profit of...Read More

Costco Stock Falls On Disappointing Earnings, Tax Savings Uncertainty

March 08, 2018 / www.schaeffersresearch.com

Shares of bulk grocery concern Costco Wholesale Corporation (NASDAQ:COST) are falling in early trading after the company reported weaker-than-expected earnings and same-store sales for the fiscal second quarter. But while brokerage firm RBC cut its price target to $205 from $209, it kept its "outperform" rating in place, adding the company's investments in e-commerce are helping drive more traffi...Read More

Biotech Stock Collapses After Failed Drug Study

March 08, 2018 / www.schaeffersresearch.com

Vascular Biogenics Ltd (NASDAQ:VBLT) is the worst stock on the Nasdaq today, down 65% to trade at $2.38 -- and just off a new record low of $2.30 -- after the biotech's brain cancer drug failed to meet its late-stage study goals. However, the company said it believes VB-111 "may still hold promise for other indications we currently or may study in the future."Prior to today's freefall, VBLT stock...Read More

Cigna Stock Drops on Big Pharma Buyout

March 08, 2018 / www.schaeffersresearch.com

Insurance giant Cigna Corporation (NYSE:CI) said it is buying pharmacy benefits firm Express Scripts Holding Company (NASDAQ:EXPR) for roughly $54 billion in cash and stock. Including Express Scripts' debt, the deal is worth around $67 billion. While EXPR shares have shot roughly 13% higher this morning to trade at $82.65 -- a discount to the per-share offer price of $96.03 -- CI stock has slumped...Read More

Dow Futures Signal Cautious Open as Trade Meeting Looms

March 08, 2018 / www.schaeffersresearch.com

Futures on the Dow Jones Industrial Average (DJI) are trading cautiously above fair value this morning as Wall Street continues to monitor the White House's tariff plans. In a tweet this morning, President Donald Trump said he was looking forward to a 3:30 p.m. ET meeting on the subject. This comes after more than 100 Republicans from the House of Representatives signed a letter urging the preside...Read More

Dow Trims Losses on Talk of Tariff Exemptions

March 07, 2018 / www.schaeffersresearch.com

The Dow was down more than 300 points at its intraday low, as the resignation of Gary Cohn -- President Donald Trump's top economic advisor opposed to proposed steel and aluminum tariffs -- fueled concerns about a global trade war. In addition, stock traders digested a stronger-than-expected ADP jobs report for February -- a precursor to Friday's government payrolls report -- and a surging trade d...Read More

Marvell Technology Stock Options Price In Big Earnings Swing

March 07, 2018 / www.schaeffersresearch.com

Marvell Technology Group Ltd. (NASDAQ:MRVL) is slated to unveil its fourth-quarter earnings report tomorrow after the stock market closes. MRVL has gained 10% year-to-date, and a sharp bounce off its 100-day moving average has the shares trading near their late-November 11-year high of $24.22, last seen up 1% at $23.82. History suggests MRVL could continue this positive price action tomorrow, con...Read More

Weight Watchers Rival Surges; PIXY Stock Jumps On Blockchain Buzz

March 07, 2018 / www.schaeffersresearch.com

The U.S. stock market remains under pressure as trade war fears abound. Among the individual stocks making notable moves are healthy living enthusiast Medifast Inc (NYSE:MED), workforce management solutions provider ShiftPixy Inc (NASDAQ:PIXY), and biotech stock PTC Therapeutics, Inc. (NASDAQ:PTCT). Here's what's moving shares of MED, PIXY, and PTCT. MED Stock Brings YoY Lead North of 100%Med...Read More

Options Hot as Exxon Mobil Stock Sinks To Bottom Of Dow

March 07, 2018 / www.schaeffersresearch.com

Exxon Mobil (NYSE:XOM) stock is down 3.1% to trade at $73.81, the worst Dow stock today, after the oil conglomerate failed to outline a share buyback plan at today's analyst day. Instead CEO Darren Woods announced a spending plan that projects the company's earnings to more than double by 2025 if crude prices hold at current levels. Still, options traders are targeting puts. More than 28,000 put...Read More

3 Aluminum Names to Watch Amid Tariff Talks

March 07, 2018 / www.schaeffersresearch.com

President Donald Trump's proposed tariffs on steel and aluminum imports have made major waves in both Washington, D.C., and on Wall Street. Not only did Trump's chief economic advisor just hit the bricks in opposition, but European leaders are now warning of retaliatory tariffs, exacerbating concerns about a global trade war and sending U.S. stocks lower today. However, notable exceptions to the d...Read More

Dow Under Pressure as Exxon Mobil Sells Off

March 07, 2018 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJI) was off more than 300 points at its intraday low, as the resignation of Gary Cohn as top economic adviser to President Donald Trump and a surging trade deficit -- which climbed to a nearly 10-year high in January -- rekindled fears of a looming global trade war. While the index has pared these losses, a sharp drop for Exxon Mobil (XOM) -- with the oil major...Read More

Bears Bid Up Kroger Put Options Ahead Of Earnings

March 07, 2018 / www.schaeffersresearch.com

Kroger Co (NYSE:KR) is expected to report fourth-quarter earnings before the market opens tomorrow, March 8. Overall, Kroger stock has had a relatively muted year on the charts, having pulled back to trade just below its 2017 year-end close at $27.45, despite touching an annual high of $31.45 on Jan. 30. If past is precedent, though, the grocery stock could be gearing up for a big move following...Read More

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