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Alcoa Put Options Pay Off Quickly as Stock Slide Worsens

February 02, 2018 / www.schaeffersresearch.com

Subscribers to our Weekly Options Countdown services just doubled their money on weekly 2/2 Alcoa Corp (NYSE:AA) 55.50-strike puts. We recommended these positions just this past Friday, meaning options traders realized a profit of 100% in just a matter of days. Let's look back at what attracted us to AA in the first place, and how the short trade unfolded.In our recommendation on Friday, we noted...Read More

DECK Soars to Multi-Year High After Earnings Beat

February 02, 2018 / www.schaeffersresearch.com

Deckers Outdoor Corp (NYSE:DECK) is up 5.7% to trade at $92.26 this morning, after the UGG maker delivered fiscal third-quarter earnings and sales that beat expectations. The company cited tax reform as a contributor to the earnings beat. As a result, no fewer than seven brokerage firms chimed in with price-target hikes, including Canaccord Genuity's hike to $110 -- a 19% premium to the stock's c...Read More

Sprint Short Squeeze Could Be Short-Lived

February 02, 2018 / www.schaeffersresearch.com

Sprint Corp (NYSE:S) is set to end the week on a high note, with the stock up 4.4% to trade at $5.32 on the heels of a well-received earnings report. The wireless carrier reported fiscal third-quarter earnings of $7.16 billion, or $1.79 per share, on net operating revenue of $8.24 billion. On an adjusted basis, Sprint earned 3 cents per share. By contrast, analysts were bracing for a quarterly los...Read More

3 FAANG Stocks Swinging After Earnings

February 02, 2018 / www.schaeffersresearch.com

The tech sector is in focus today, after industry heavyweights Alphabet Inc (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN), and Apple Inc. (NASDAQ:AAPL) reported earnings last night. Here's a quick earnings roundup for GOOGL, AMZN, and AAPL, and how the FAANG stocks are reacting.Susquehanna Targets 25% Upside for GOOGL StockAlphabet reported lower-than-expected fourth-quarter profit of $9.70 per s...Read More

Nokia Stock Defies Skeptics as Rally Continues

February 02, 2018 / www.schaeffersresearch.com

Mobile network firm Nokia Oyj (NYSE:NOK) is moving higher again today, just one session after reporting stronger-than-expected fourth-quarter earnings and a positive outlook for 2018. The tech stock has garnered a slew of positive analyst attention today, including an upgrade to "buy" from "neutral" at MKM Partners and five price-target raises. MKM's target hike, to $7.50 from $5.50, represents th...Read More

Dow Futures Tumble 225 Points, Bond Yields Spike on Jobs Surprise

February 02, 2018 / www.schaeffersresearch.com

Stock futures are pointed dramatically lower this morning, with Dow Jones Industrial Average (DJI) futures trading nearly 226 points below fair value after today's nonfarm payrolls report. The U.S. added a stronger-than-forecast 200,000 jobs in January -- and the report appears to have cemented expectations for another rate hike sooner rather than later, with 10-year Treasury yields surging to a...Read More

Stock Indexes Wobble Before Apple, Amazon Earnings Releases

February 01, 2018 / www.schaeffersresearch.com

The Dow explored both sides of breakeven today, trading in a range of almost 300 points before eventually settling in positive territory. A strong earnings move and all-time high from Facebook (FB) provided a lift for the broader market, but concerns about rising interest rates and a surprisingly weak productivity report contained the momentum in equities. The attention will likely stay on the tec...Read More

Blockchain Deal Sparks Rally for Penny Stock

February 01, 2018 / www.schaeffersresearch.com

U.S. stocks are mixed this afternoon, as the major equity indexes struggle to start the new month on a positive note. Among the stocks making notable moves today are game developer The9 Limited (NASDAQ:NCTY), medical device concern ReWalk Robotics Ltd. (NASDAQ:RWLK), and software company Open Text Corp. (NASDAQ:OTEX). Here's a closer look at what's moving shares of NCTY, RWLK, and OTEXtoday.NCT...Read More

Raging Bulls Could Send Stocks Reeling

February 01, 2018 / www.schaeffersresearch.com

We recently examined a bullish extreme in the weekly Investors Intelligence (II) sentiment survey, as the "bulls minus bears" percentage ramped above 50% for the first time since 1987 (a calendar year that's likely to bring up some unpleasant associations for most investors). This week, as the II bulls-bears line remains unusually high, here's a sobering angle on this rampant investor optimism.Bul...Read More

Ferrari Stock Blows Past Short Sellers Once Again

February 01, 2018 / www.schaeffersresearch.com

Ferrari N.V. (NYSE:RACE) is trading up 7.2% today at $128.15 after the company said 2017 was a record year, while announcing plans to double its core earnings by 2022. This brings the stock's one-year gain to 107% and it earlier traded at a record high of $129.87. In the meantime, RACE shares have been crushing short sellers, who've continued betting against the equity in recent months. Looking cl...Read More

Dow Up Triple Digits After Shaky February Start for Stocks

February 01, 2018 / www.schaeffersresearch.com

Despite stock futures signaling another big sell-off ahead of the bell, the major equity benchmarks are holding their own at midday. The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are modestly higher, while the Nasdaq Composite (IXIC) has clawed its way onto positive ground. In the wake of a remarkably strong January performance for stocks, traders today are weighing lackluste...Read More

Trendline Test Triggers a Buy Signal for Huntsman Stock

February 01, 2018 / www.schaeffersresearch.com

Chemicals specialist Huntsman Corporation (NYSE:HUN) has been trending steadily higher on the charts for nearly two years now, with the stock quadrupling in value from its February 2016 lows south of $8. However, based on a reliable buy signal that just flashed, it's not too late for traders to profit from HUN's positive price action.Specifically, after peaking at an all-time best of $36.09 in lat...Read More

Disney, NVIDIA Earnings Highlight Upcoming Trading Week

February 01, 2018 / www.schaeffersresearch.com

Fresh offthe Super Bowl, economic data is quiet in the first full week of February. Earnings season chugs on, with high-profile names like Twitter Inc (NYSE:TWTR), Snap Inc (SNAP), Tesla Inc (NASDAQ:TSLA), and Nvidia Corporation (NASDAQ:NVDA) ready for their turn in the spotlight. Dow stock Walt Disney Company (NYSE:DIS) is set to report, too. Meanwhile, JOLTS and trade data stand out on the econ...Read More

Take-Two Stock Scores Bull Note, New High Ahead of Earnings

February 01, 2018 / www.schaeffersresearch.com

Take-Two Interactive Software Inc (NASDAQ:TTWO) is up 0.7% to trade at $127.37 this morning, after Morgan Stanley initiated coverage on the video game stock with a "overweight" rating and a price target of $150. The analyst in coverage noted that Take-Two's Grand Theft Auto franchise generates enviable engagement and monetization. In addition to the bullish analyst attention today, the video game...Read More

Why Facebook is Rallying After Earnings While Microsoft Wobbles

February 01, 2018 / www.schaeffersresearch.com

Facebook Inc (NASDAQ:FB) and Microsoft Corporation (NASDAQ:MSFT) are both in focus today, as traders eye the latest quarterly earnings results from the two tech heavyweights. While FB is firmly higher despite a massive drop in time spent on the app, Dow component MSFT is churning around breakeven in the wake of its earnings beat.FB stock is up 3.7% to trade at $193.88,a new all-time high. In after...Read More

Goldman Removes NVIDIA From Conviction List Ahead of Earnings

February 01, 2018 / www.schaeffersresearch.com

Chipmaker Nvidia Corporation (NASDAQ:NVDA) is making headlines after being removed from Goldman Sachs' conviction list, exactly one week before the company is slated to report its fourth-quarter earnings. However, the brokerage firm still has a "buy" rating on the equity and expects the company to announce strong guidance when it reports. Nvidia shares have overcome early losses to trade right nea...Read More

Struggles Continue for Starbucks, Chipotle After Stocks Hit with Downgrades

February 01, 2018 / www.schaeffersresearch.com

Following its poorly received earnings release last week, Starbucks Corporation (NASDAQ:SBUX) is seeing bearish analyst attention this morning, while Chipotle Mexican Grill, Inc. (NYSE:CMG) was hit with a downgrade of its own ahead of earnings next Tuesday. We'll quickly check in on shares of SBUX and CMG below to see how the stocks are trading following this round of downbeat attention.More Post-...Read More

Stock Futures Slide Ahead Of FAANG Earnings

February 01, 2018 / www.schaeffersresearch.com

Stock futures are pointed lower to kick off the new month, as traders continue to digest the Fed statement that sent bond yields surging Wednesday afternoon. Dow Jones Industrial Average (DJI) futures are down nearly 120 points, while Nasdaq-100 Index (NDX) futures are also trading well below fair value amid mixed earnings reactions from the likes of Microsoft (MSFT) and Facebook (FB). Expect th...Read More

Vertex Pharmaceuticals Stock Lives Up to Bullish Expectations with Earnings Win

February 01, 2018 / www.schaeffersresearch.com

Drug stock Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) was one of the best S&P 500 Index (SPX) performers of 2017, and that momentum is carrying over into the new year. VRTX shares are currently trading 5.8% higher in pre-market action, putting them on pace to open at a record high of $176.50, after the company's earnings release and drug announcements were met with a round of bullish analys...Read More

Stocks Shake Off Post-Fed Slump; Nasdaq Has Best Month in Years

January 31, 2018 / www.schaeffersresearch.com

The Dow was up more than 200 points at its intraday high on a boost from blue-chip Boeing's (BA) impressive earnings, but erased these gains after the Fed said inflation is expected to "stabilize around" its 2% target this year -- a hawkish shift from previous language -- which sent the 10-year Treasury yield soaring to a nearly four-year peak. Nevertheless, the central bank unanimously voted to k...Read More

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