American Eagle Outfitters (NYSE:AEO) is scheduled to report fourth-quarter earnings before tomorrow's open. Ahead of the event, the shares hit a four-year high of $20.83 out of the gate on tailwinds from a positive reaction to Abercrombie & Fitch (ANF) earnings, and were last seen up 0.3% at $20.54. The options market is expecting a volatile day of trading for the retail stock tomorrow, pricing in...Read More
Shares of light bulb producer Cree, Inc. (NASDAQ:CREE) have been strong since bottoming near $20 in August, touching a three-year high of $42.80 yesterday thanks to news the company's acquiring Infineon Technologies' radio frequency power business. This prompted a price-target hike to $37 from $30 at Cowen, which matches the consensus 12-month price target for CREE stock across Wall Street. Takin...Read More
Drugmakers Aptose Biosciences Inc (NASDAQ:APTO) and Esperion Therapeutics Inc (NASDAQ:ESPR) are both making headlines this morning, but for different reasons. We'll dig into APTO and ESPR stocks below. Aptose Biosciences Scores Deal With OHM OncologyAptose Biosciences stock is up 1.9% to trade at $3.24, after the company announced a global license deal with OHM Oncology to develop and commercializ...Read More
The shares of Weight Watchers International, Inc. (NYSE:WTW) were in the red ahead of the bell, after spokesperson and high-profile investor Oprah Winfrey sold almost a quarter of her WTW stake. However, Winfrey's company, Harpo, said she will not sell more WTW shares this year, and the media mogul maintained that she is "deeply committed to Weight Watchers" and continues to "see a bright future f...Read More
Shares of Netflix, Inc. (NASDAQ:NFLX) are trading down 1.7% at $319.71 after Stifel downgraded the FAANG stock to "hold" from "buy." The brokerage firm also raised its price target to $325 from $283, saying it is still optimistic on the company's competitive advantage, but it believes the short-term share price has grown faster than fundamentals.Stifel's new NFLX price target is in line with last...Read More
Stock futures are signaling a sharp pullback following theresignation of White House economic advisor Gary Cohn. Cohn's departure has reignited fears of a trade war -- which have weighed on equities over the past week -- especially with European leaders warning of retaliatory tariffs. Turning to economic data, the ADP employment report for February revealed 235,000 new jobs in the private sector,...Read More
The current stock market rally turns nine years old this week. It was March 6, 2009, when the Dow Jones Industrial Average (DJI) hit its lowest point following the 2008-2009 market crash. There have only been a handful of times in its history that the Dow has seen this kind of rally over a nine-year period. This week, I'm looking at how stocks have performed after these rallies -- and how 2018 has...Read More
The Dow finished a volatile session cautiously higher, after exploring a range of more than 280 points on both sides of breakeven. The blue-chip index was up triple digits to start the day, amid hopes for a denuclearized North Korea. However, the Dow swung lower on reports that President Donald Trump's chief economic adviser, Gary Cohn, could resign should proposed steel and aluminum tariffs go in...Read More
Tesla Inc (NASDAQ:TSLA) is trading down 1.2% at $329.25, amid broad-market headwinds and reports Porsche unveiled a Model X rival and Uber's fleet of self-driving trucks is now moving freight in Arizona. Whatever the reason, options traders are betting on even bigger losses, with TSLA stock's single-day put/call volume ratio last seen at a top-heavy 1.36 -- pacing in the 100th annual percentile.By...Read More
It's been a volatile trading day for U.S. stocks, with the major market indexes moving on North Korea denuclearization hopes and rumors of another White House resignation. However, three penny stocks have traded solidly in the black today: biotech Caladrius Biosciences Inc (NASDAQ:CLBS), medical device maker Amedica Corporation (NASDAQ:AMDA), and crude shipping concern Frontline Ltd. (NYSE:FRO).CL...Read More
Mylan N.V. (NASDAQ:MYL) stock is soaring today, up 4.8% to trade at $43.52, after Morgan Stanley upgraded the healthcare name to "overweight" from "equal weight," and issued a price-target hike to $50 from $39. The analyst in coverage views Mylan as the best-positioned U.S. generics company due to solid biotech partnerships and a strong pipeline of new products. The news puts Mylan shares on tr...Read More
The U.S. stock market is trading lower today, amid rumors that Trump administration economic adviser Gary Cohn is considering resigning. Among the individual stocks making notable moves are motorcycle king Harley-Davidson Inc (NYSE:HOG), drugmaker Clearside Biomedical Inc (NASDAQ:CLSD), and Chinese lottery operator 500.com Ltd (NYSE:WBAI). Here's what's moving shares of HOG, CLSD, and WBAI. Option...Read More
Micron Technology, Inc. (NASDAQ:MU) has shot 3.9% higher today to trade at $54.08 -- earlier hitting a 17-year high of $54.64 -- after Goldman Sachs raised its MU price target to $58 from $55, citing expectations for rising DRAM prices. Plus, CNBC's Jim Cramer said the chipmaker could benefit the most from a resurgence in PC popularity, and called MU stock a "buy on this breakout." Options traders...Read More
Continuing on with the trend of retail earnings, Dollar Tree, Inc. (NASDAQ:DLTR) is set to report fourth-quarter earnings tomorrow before the opening bell. DLTR has had a decent year overall, but has pulled back below the 50-day moving average, which could now be acting asresistance -- though the $100 level could serve as a floor going forward. The bargain retailer has picked up 35% over the pas...Read More
The Dow Jones Industrial Average (DJI) was up more than 120 points at its intraday peak, as traders initially cheered North Korea denuclearization talk. However, the blue-chip index has since swung to a triple-digit loss, after Bloomberg reported President Donald Trump believes his chief economic adviser, Gary Cohn, will resign should proposed steel and aluminum tariffs go into effect. The S&P 50...Read More
Prior to the early February correction, U.S. stocks were chugging along to record highs. Since then, however, the number of stocks touching 52-week highs has plummeted, while the number of stocks exploring annual lows has crept higher -- sending up a stock market signal not seen in two years.New Lows Exceed New Highs for First Time Since 2016Looking at all optionable stocks -- nearly 3,200 equitie...Read More
Abercrombie & Fitch Co. (NYSE:ANF) is expected to report fourth-quarter earnings before the open tomorrow. Overall, ANF stock has turned in a solid year on the charts, already adding 19% in 2018. At last check, the shares were down 0.8% at $20.52, but if past is precedent, the retail stock could be gearing up for a big move following thereport tomorrow. In terms of earnings reactions, Abercrombi...Read More
Cardlytics Inc (NASDAQ:CDLX) is enjoying a round of bullish analyst attention following the expiration of its quiet period, as the company went public back on Feb. 9. At least four brokerage firms initiated coverage on CDLX stock with the equivalent of a "buy" rating, and SunTrust Robinson set the highest price target at $25. Meanwhile, the lowest mark was $21 from Raymond James. The equity is tra...Read More
Retail stock Target Corporation (NYSE:TGT) and e-commerce solutions provider Baozun Inc (NASDAQ:BZUN) aretrending in opposite directions this morning, after the companies reported vastly different fourth-quarter earnings results. We'll dig into TGT and BZUN stocks below. Target Stock Falls After Earnings MissTarget stock is down 2.8% to trade at $73.03, after the retailer's fourth-quarter earn...Read More
Shares GlycoMimetics Inc (NASDAQ:GLYC) are spiraling, after the biotech said the main objective of a late-stage trial for its acute myeloid leukemia is overall survival -- disappointing investors who believed the remission rate was the main goal, according to Stifel. The company also reported a fourth-quarter loss, and at last check, the pharma stock was down 21.7% to trade at $17.87 -- gapping be...Read More