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Skeptics Sell the Shopify Earnings Beat

February 15, 2018 / www.schaeffersresearch.com

Shares of Shopify Inc (NYSE:SHOP) are in focus this morning as traders react to the e-commerce platform's fourth-quarter earnings report. SHOP announced a net loss of 3 cents per share, with adjusted earnings arriving at 15 cents per share, while revenue jumped 71% to $222.8 million. The results topped analysts' expectations, but SHOP was trading down more than 2% ahead of the market open this mor...Read More

Bulls Welcome Wholesale Inflation Data as Cisco Props Up Dow Futures

February 15, 2018 / www.schaeffersresearch.com

Stock futures are soaring once again, on track to extend the bullish momentum that fueled yesterday's big gains. While futures tanked early Wednesday in response to hotter-than-forecast inflation data, traders today are shrugging off a 0.4% jump in the producer price index (PPI), which arrived in line with consensus estimates. Dow Jones Industrial Average (DJI) futures are up over 185 points, whi...Read More

Dow Swings to Triple-Digit Gain, 4th Straight Win

February 14, 2018 / www.schaeffersresearch.com

The Dow kicked off the session with a triple-digit deficit, as hotter-than-expected inflation data stoked fears of an accelerated pace of Fed rate hikes. In addition, Wall Street digested a surprise 0.3% decline in January retail sales -- the biggest drop in almost a year. Nevertheless, the recent stock market roller-coaster ride continued, with the Dow swinging to a triple-digit gain by the close...Read More

2 Travel Stocks to Trade Right Now

February 14, 2018 / www.schaeffersresearch.com

As we approach a long holiday weekend on Wall Street, Schaeffer's Senior Quantitative Analyst Rocky White ran the numbers to find out which S&P 500 Index (SPX) components tend to fare the best -- and worst -- during the post-Presidents Day trading week. Among the names with notable mid-February returns are travel sector cohorts Priceline Group Inc (NASDAQ:PCLN) and United Continental Holdings Inc...Read More

Beware These Bank Stocks in the Short Term

February 14, 2018 / www.schaeffersresearch.com

Bank stocks are widely higher today, as a hotter-than-expected inflation report fuels speculation about accelerated rate hikes from the Fed. However, if recent history is any indicator, several financial stocks could dip in the short term, including Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C).BAC Stock Tends to Slip After Presidents DayBank of America stock was last seen 1.2% higher...Read More

Time to Buy Puts on This Apple Supplier

February 14, 2018 / www.schaeffersresearch.com

Shares of Qorvo Inc (NASDAQ:QRVO) gapped more than 16% high on Feb. 1, after reports of an iPhone supply deal sparked a round of bullish analyst attention. QRVO stock topped out at at two-year high of $85.24 that day, but quickly pulled back to the $74-$75 region, home to its late-January highs. And while the equity has since been trading above support at its 10-day moving average, short-term loss...Read More

S&P, Nasdaq Eye Longest Win Streaks Since Early 2018

February 14, 2018 / www.schaeffersresearch.com

The U.S. stock market was swimming in red ink at the start of the session, ashotter-than-expected inflation data sparked concerns of more aggressive rate hikes by the Fed. In addition, traders digested weaker-than-anticipated January retail sales. After being down 150 points at its intraday low, though, the Dow Jones Industrial Average (DJI) has erased most of its losses -- and briefly explored po...Read More

What CyberArk Options Are Telling Us Ahead of Earnings

February 14, 2018 / www.schaeffersresearch.com

Ahead of the opening bell this Thursday, Feb. 15, Israel-based CyberArk Software Ltd (NASDAQ:CYBR) is slated to report its fourth-quarter earnings. Options traders are banking on CYBR to make a massive move on the charts in the wake of its quarterly results -- currently, the equity's options are pricing in a 13.8% post-report move, according to Trade-Alert, nearly doubling CYBR's average one-day p...Read More

Universal Display Stock Rallies On Samsung Licensing Deal

February 14, 2018 / www.schaeffersresearch.com

Universal Display Corporation (NASDAQ:OLED) stock is up 8.1% to trade at $157.91, afterthe electronics supplier reached a long-term licensing deal with Samsung's display business -- which supplies Apple (AAPL) with organic light-emitting diode (OLED) screens. The deal will run through 2022, with the option for extension. After touching a record high of $209 on Jan. 19, Universal Display stock sol...Read More

Target Stock Scores Upgrade Ahead of Historically Bullish Week

February 14, 2018 / www.schaeffersresearch.com

Retailer Target Corporation (NYSE:TGT) scored an upgrade to "outperform" from "neutral" at Baird today, along with a price-target hike to $85 from $75, with the brokerage firm waxing optimistic on same-day delivery prospects and exclusive brand launches, among other things. TGT shares yesterday popped above their 10-day moving average for the first time since Jan. 24 -- a day after the stock touch...Read More

Chipotle Stock Pops as Taco Bell Boss Takes the Reins

February 14, 2018 / www.schaeffersresearch.com

Beleaguered burrito chain Chipotle Mexican Grill, Inc. (NYSE:CMG) is catching a lift this morning, as traders cheer reports that the company has hired Taco Bell boss Brian Niccol -- the mastermind behind the Doritos Locos Taco -- as its new CEO. Niccol is slated to replace Chipotle founder Steve Ells in the top job as of March 5.The news has CMG trading sharply higher this morning, up 13.3% at $28...Read More

Fossil Stock Shorts Get Crushed After Earnings

February 14, 2018 / www.schaeffersresearch.com

Shares of Fossil Group Inc (NASDAQ:FOSL) have gapped nearly 82% higher in electronic trading -- set to soar to their highest point since an early May bear gap, and poised for their best day ever -- after the watchmaker reported better-than-expected fourth-quarter earnings and revenue, citing strong demand for wearables. The retailer also said same-store sales jumped 2% in the last three months of...Read More

Dow Futures Drop Over 300 Points as Inflation Heats Up

February 14, 2018 / www.schaeffersresearch.com

Stock futures are cratering this morning, dragged lower by a bigger-than-anticipated rise in inflation data. The consumer price index (CPI) rose by 0.5% in January amid "broad-based" price increases -- marking the largest gain in five months, and exceeding consensus estimates for a 0.3% uptick. Dow Jones Industrial Average (DJI) futures are trading over 300 points below fair value, while S&P 50...Read More

25 Stocks to Buy This Week

February 14, 2018 / www.schaeffersresearch.com

Monday is Presidents Day, which for U.S. investors means a short four-day trading week. Today, I'll look at how stocks have historically performed after this holiday, and during shortened trading weeks in general. Finally, I'll highlight individual stocks that have performed especially well or terribly during the week of Presidents Day.Stocks During Presidents Day Week Presidents Day officially be...Read More

Dow Edges Higher; Wall Street on Egg Shells Ahead of CPI

February 13, 2018 / www.schaeffersresearch.com

After two strong up days, the Dow, S&P 500, and Nasdaq struggled to pick a direction today, but ultimately ended higher. Although the Dow explored a range of nearly 285 points on both sides of breakeven, it was the index's least volatile session since Jan. 30. While tech and bank stocks rallied, many traders exercised caution ahead of a round of crucial inflation data set for release tomorrow. Spe...Read More

Under Armour Stock Paces for Best Day in Years After Earnings

February 13, 2018 / www.schaeffersresearch.com

U.S. stocks have erased earlier losses ahead of tomorrow's key inflation update. Several individual names are making big moves, including healthcare stocks Patterson Companies, Inc. (NASDAQ:PDCO) and Henry Schein, Inc. (NASDAQ:HSIC) -- which are stumbling -- while athletic wear stock Under Armour Inc (NYSE:UAA) is having its best day in years. Here's a closer look at what's moving shares of PDC...Read More

3 Gold Stocks to Watch This Week

February 13, 2018 / www.schaeffersresearch.com

Earnings season has seemingly taken a backseat to the recent stock market sell-off. Nevertheless, mining firms Barrick Gold Corp (NYSE:ABX), Goldcorp Inc. (NYSE:GG), and Kinross Gold Corporation (NYSE:KGC) could be worth watching this week, with all three slated to report earnings after tomorrow's close -- and the trio of gold stocks each staring at stiff monthly losses.Shorts Could Pressure Barri...Read More

Red-Hot Twitter Attracts Options Traders Ahead of Presentation

February 13, 2018 / www.schaeffersresearch.com

Twitter Inc (NYSE:TWTR) is expected to present at the Goldman Sachs Technology and Internet Conference at 3:30 p.m. ET today. Ahead of the event, TWTR shares are muscling notably higher yet again, and call options on the social media stock are flying off the shelves.So far today, roughly 107,000 TWTR calls have changed hands -- about 1.5 times the norm for this point in the session, and more than...Read More

Analysts: Buy This Tech Stock Ahead of Earnings

February 13, 2018 / www.schaeffersresearch.com

The shares of software concern NetApp Inc. (NASDAQ:NTAP) are higher today, as analysts wax optimistic on the stock ahead of the company's earnings release tomorrow night. Loop Capital and BofA-Merrill Lynch both upgraded NTAP stock to "buy," with the latter lifting its price target to $74 from $63 -- territory not charted since early 2001, and representing a premium of 26% to the equity's current...Read More

Stocks Skittish Ahead of Key Inflation Data

February 13, 2018 / www.schaeffersresearch.com

After two days of big stock market gains, the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) have swung lower today -- though both were off their session lows at last check. The negative session comes as key Fed officials weigh in on interest rates ahead of tomorrow's highly anticipated inflation data. While Fed Chair Jerome Powell said the central bank "will remain alert to any develo...Read More

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