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Pandora Stock Rallies On Strong Subscription Revenue Growth

February 22, 2018 / www.schaeffersresearch.com

Pandora Media Inc (NYSE:P) stock is set to jump nearly 5.8% at the open, after the music streaming service reported a 63% rise in subscription revenue to $97.7 million, and said its number of subscribers increased 25% from this time last year to 5.48 million. This is helping to overshadow a wider-than-expected fourth-quarter loss of 21 cents per share, though revenue of $395.3 million beat expecta...Read More

Analysts React as Roku Stock Sinks After Earnings

February 22, 2018 / www.schaeffersresearch.com

Streaming TV technology provider Roku Inc (NASDAQ:ROKU) exploded onto the Wall Street scene after going public back in late September, mostly thanks to a huge post-earnings surge from early November to mid-December that saw the shares rally from just under $20 to nearly $59. ROKU stock settled at $51.10 yesterday -- corresponding with a $5 billion market cap -- but in premarket trading it's down 1...Read More

Stock Futures Higher Despite Interest Rate Concerns

February 22, 2018 / www.schaeffersresearch.com

Stock futures are slightly higher this morning, but held in check amid concerns over rising interest rates following yesterday'sFed meeting minutes.However, St. Louis Fed President James Bullard this morning warned that "a bunch of rate hikes this year" could slow the economy. Investors will have their ears trained toward additional Fed speakers throughout the day.Continue reading for more on toda...Read More

Why It's Time to Jump on This Retail ETF

February 22, 2018 / www.schaeffersresearch.com

Retail stocks dipped with the broader equities market earlier this month, and a lackluster earnings showing from Walmart Inc (NYSE:WMT) earlier this week didn't help matters. However, just like now looks like an opportune time to buy the Walmart dip, the SPDR S&P Retail ETF (XRT) could also rebound soon, if history is any indicator. With a slew of the sector's earnings expected next week, we decid...Read More

Dow Erases 300-Point Lead as 10-Year Treasury Yield Spikes

February 21, 2018 / www.schaeffersresearch.com

The Dow was trading comfortably in positive territory all day ahead of the reveal of the Fed's meeting minutes, and upbeat commentary from the central bank on U.S. economic growth initially sent the index soaring more than 300 points after the release. However, stocks pulled back sharply in the final hour of trading, as concerns over rising interest rates sent the 10-year Treasury yield spiking to...Read More

Apple Stock Pops on Battery Buzz; One Retail Stock Plummets 26%

February 21, 2018 / www.schaeffersresearch.com

U.S. stocks have erased earlier gains, after the 10-year Treasury yield surged following the release of the latest Fed minutes. Among individual names making notable moves, FAANG stock Apple Inc. (NASDAQ:AAPL) and biotech TG Therapeutics Inc (NASDAQ:TGTX) are higher, whiletile manufacturer Tile Shop Holdings, Inc. (NASDAQ:TTS) is sinking. Here's a closer look at what shares of AAPL, TGTX, and TT...Read More

OLED Stock Bounces From Important Technical Level Days Before Earnings

February 21, 2018 / www.schaeffersresearch.com

We've been highlighting a number of stocks to watch around earnings this week, like First Solar (FSLR) and Chesapeake Energy (CHK). Our attention now turns to the tech sector where Apple supplier Universal Display Corporation (NASDAQ:OLED) is preparing to report earnings after the close on Thursday, Feb. 22. Not only has OLED stock been strong immediately after earnings in recent quarters, but it...Read More

Options Traders Show Little Interest In First Solar Stock Ahead of Earnings

February 21, 2018 / www.schaeffersresearch.com

Alternative energy company First Solar, Inc. (NASDAQ:FSLR) is scheduled to report earnings after the market closes on Thursday, Feb. 22, and shareholders are hoping the stock can continue its streak of positive post-earnings performances. Specifically, FSLR shares have rallied in the session after earnings in three straight quarters, with one-day gains of 20.3%, 9.1%, and 11.8%. This time around t...Read More

Scoop This Software Stock Up Now

February 21, 2018 / www.schaeffersresearch.com

Tech stocks have been on fire this week, surging in part by Qualcomm's (QCOM) boosted buyout bid for NXP Semiconductors (NXPI). One name benefiting from sector tailwinds is Zendesk, Inc. (NYSE:ZEN), with shares of the software developer up 1.9% week-to-date to trade at $43.35, fresh off yesterday's record high of $43.65. If past is precedent, ZEN stock could be headed even higher -- and it looks t...Read More

Stocks Higher Ahead of Fed Minutes

February 21, 2018 / www.schaeffersresearch.com

U.S. stocks are trading higher at midday, with the Dow Jones Industrial Average (DJI) enjoying a triple-digit lead to trade back above the 25,000 mark. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also seeing healthy gains today, as tech and financial stocks outperform. Traders are seemingly shrugging off a steeper-than-expected drop in existing-home sales in January, and are awaiti...Read More

Chesapeake Energy Options Traders Bet On a Rare Earnings Boon

February 21, 2018 / www.schaeffersresearch.com

Chesapeake Energy Corporation (NYSE:CHK) stock has been anything but impressive in the session following the natural gas producer's recent earnings reports. Over the past four quarters, CHK has closed lower the next day each time, averaging a loss of 5.1%. Nevertheless, options traders have been loading up on long calls in recent weeks, ahead of the company's fourth-quarter results -- due out ahea...Read More

History Says Buy the Walmart Dip

February 21, 2018 / www.schaeffersresearch.com

It was a rough session for Walmart Inc (NYSE:WMT) stock yesterday, with the shares dropping more than 10% on poorly received earnings. It was just the third decline of at least 10% for WMT stock since Black Monday in 1987, and the ninth occurrence ever, according to Schaeffer's Quantitative Analyst Chris Prybal. However, history suggests now is an opportune time buy Walmart stock, which tends to r...Read More

Halozyme Therapeutics Stock Jumps After Earnings, Bull Note

February 21, 2018 / www.schaeffersresearch.com

Halozyme Therapeutics, Inc. (NASDAQ:HALO) stock is up 3.1% to trade at $19.11 this morning, after Canaccord Genuity upped its price target on the oncology specialist to $21 from $19. The analyst in coverage is encouraged by last night's fourth-quarter and full-year results, which showed progress in HALO's ENHANZE portfolio. HALO stock rode a mid-September bull gap past former resistance near th...Read More

MKM Partners: This FAANG Stock is the 'Best Growth Story'

February 21, 2018 / www.schaeffersresearch.com

Shares of e-commerce concern Amazon.com, Inc. (NASDAQ:AMZN) are higher out of the gate, after receiving a price-target hike to $1,750 from $1,350 from MKM Partners, which also maintained its "buy" rating. The brokerage firm said Amazon boasts "the best growth story of all the mega-caps over the very long term," and upped its long-term earnings estimates. In response, the FAANG stock was up 1.3% a...Read More

Mosaic Stock Gets High-Profile Upgrade After Earnings

February 21, 2018 / www.schaeffersresearch.com

Mosaic Co (NYSE:MOS) reported better-than-expected fourth-quarter earnings on Monday night, citing higher potash and phosphate prices. The fertilizer firm also upped its full-year earnings forecast, sending MOS shares up 5.2% on Tuesday. The stock is up another 2.4% today to trade at $27.40, after grabbing several post-earnings bullish brokerage notes.Most notably, J.P. Morgan Securities raised it...Read More

Stock Futures Cautiously Higher as Markets Brace for Fed Minutes

February 21, 2018 / www.schaeffersresearch.com

Stock futures are slightly higher this morning, with the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) hoping to bounce back after snapping their six-day winning streaks. Markets are bracing for the release for the Federal Open Market Committee (FOMC) meeting minutes from last month. Stock traders will dissect the minutes for hints regarding inflation and the pace of futurerate hikes....Read More

Analyst: Buy Discover Stock Over Capital One

February 21, 2018 / www.schaeffersresearch.com

Brokerage firm Instinet this morning weighed in on financial stocks Capital One Financial Corp. (NYSE:COF) and Discover Financial Services (NYSE:DFS). Analysts there cut COF shares to "neutral" from "buy" and trimmed the price target to $109 from $111, saying DFS stock offers a better valuation. The note also mentioned that Discover had better loan and sales growth over the past year, and that tre...Read More

This Volatility Signal Has Marked Key S&P Turning Points

February 21, 2018 / www.schaeffersresearch.com

Stock market volatility had been extremely low for several years, but it has spiked over the past few weeks. The Cboe Volatility Index (VIX), which measures the implied volatility of S&P 500 Index (SPX) options, sits around 20. The last time the VIX averaged 20 for an entire year was 2011. Additionally, the S&P 500 has moved up or down at least 2% the last four weeks in a row. The last time we've...Read More

Dow, S&P Win Streaks Snapped; Gold Slides

February 20, 2018 / www.schaeffersresearch.com

The Dow was pressured lower today mainly due to poorly received earnings from blue chip Walmart (WMT), resulting in the index's first loss in seven sessions. It was a similar setup for the S&P 500, while the Nasdaq failed to benefit from a strong rally in tech stocks -- with chipmakers fueling the sector-wide charge after Qualcomm (QCOM) upped its bid for NXP Semiconductors (NXPI). Rising Treasury...Read More

Options Bulls Blast Pandora Stock Ahead of Earnings

February 20, 2018 / www.schaeffersresearch.com

This week's earnings calendar will feature Pandora Media Inc (NYSE:P), with the streaming music service slated to unveil its quarterly results after the market closes tomorrow, Feb. 21. Options traders have been blasting P stock in recent sessions, and even though the shares have a dismal history of post-earnings price action, most of the speculation has been of the bullish variety.Drilling down o...Read More

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