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Dow Futures Up Triple Digits; Dollar Eyes Another Down Day

January 24, 2018 / www.schaeffersresearch.com

It could be another record day on Wall Street as traders digest the latest batch of corporate earnings reports and eye the U.S. dollar. Futures on the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are higher in pre-market trading, even as General Electric (GE) stock turns lower after earnings, with the blue chip revealing a Securities and Exchange Commission (SEC) investigation and pl...Read More

Why Stocks Could Rally 20% in 2018

January 24, 2018 / www.schaeffersresearch.com

The market seems to only go up now. The year 2017 is only the second on record since 1929 that the maximum drawdown on the S&P 500 Index (SPX) was less than 3%. Thinking about that, if you had bought and then sold at the worst possible times last year,you would have lost a measly 2.8%. Stocks don't look to be slowing down, either. The S&P 500 is already up 6% this year, but can this continue? This...Read More

Stocks End Mixed With Earnings in Focus

January 23, 2018 / www.schaeffersresearch.com

U.S. stocks finished the day mixed, after touching record highs in early trading. The Dow traded on both sides of breakeven, but ultimately ended with a modest loss, as speculators weighed a mixed bag of blue-chip earnings reports, with Travelers (TRV), Johnson & Johnson (JNJ), Verizon (VZ), and Procter & Gamble (PG) among the stocks in focus. FAANG stock Netflix (NFLX) also garnered a healthy amo...Read More

Steel Stocks See Heavy Options Trading Ahead of Earnings

January 23, 2018 / www.schaeffersresearch.com

AK Steel Holding Corporation (NYSE:AKS) will report earnings before the open next Tuesday, Jan. 30, and just a day later fellow steel stock United States Steel Corporation (NYSE:X) will be in the earnings spotlight, as well. Both these stocks are experiencing accelerated options trading today, while the steel industry awaits its own decision on import tariffs from the White House. AKS Options Trad...Read More

Analyst: Ethereum Will Drive Growth for Nvidia Stock

January 23, 2018 / www.schaeffersresearch.com

The U.S. stock market has set fresh record highs again today, amid the latest batch of corporate earnings reports. Among specific equities on the move are casino name Wynn Resorts, Limited (NASDAQ:WYNN), renewable energy installer Vivint Solar Inc (NYSE:VSLR), and chipmaker Nvidia Corporation (NASDAQ:NVDA). Here's a quick roundup of how shares of WYNN, VSLR, and NVDA are trading today.Wynn Resorts...Read More

Bank Of America Stock Poised For Higher Highs

January 23, 2018 / www.schaeffersresearch.com

Bank of America Corp (NYSE:BAC) turned in a solid earnings report last week, and the stock has finished higher nine out of the last ten sessions as a result. The financial institution could have even more left in the tank, a sentiment echoed by some financial analysts. After earlier touching a nine-year high of $32.13, BAC stock was last seen trading at $31.94, and the shares may have just flashe...Read More

ResMed Stock Leads S&P 500 After Huge Earnings Beat

January 23, 2018 / www.schaeffersresearch.com

Shares of ResMed Inc. (NYSE:RMD) -- a medical device company specializing in sleep apnea -- are exploding higher today, thanks to well-received fiscal second-quarter earnings and a subsequent round of bullish analyst attention. RMD stock was last seen trading 15.6% higher at $101.67, earlier topping out at a record peak of $104.78 and coming in as the top S&P 500 Index (SPX) performer today. Furth...Read More

Chart 'Phenomenon' Could Point to a Breather for Tech Stocks

January 23, 2018 / www.schaeffersresearch.com

The technical picture for U.S. stocks has been rosy thus far in 2018, with the major market indexes assailing new heights at lightning speed. The Dow's ascent north of 26,000 has dominated headlines of late, and even small-cap stocks recently broke out to the upside after underperforming in 2017. But it's the tech sector -- represented by the PowerShares QQQ Trust (QQQ) -- outperformance that has...Read More

2 Retail Stocks to Buy Before Bullish Time of Year

January 23, 2018 / www.schaeffersresearch.com

Retail stocks Lululemon Athletica Inc. (NASDAQ:LULU) and Gap Inc (NYSE:GPS) are both off to a strong start in 2018, with the shares recently notching new highs. However, although both stocks have been on a tear lately, near-term options on LULU and GPS are priced at a relative bargain -- and more upside could be in store for the shares, if history repeats. Plus, seasonality is on the side of retai...Read More

Allstate Stock Ripe for Bullish Options Trade

January 23, 2018 / www.schaeffersresearch.com

Insurance giant Allstate Corp (NYSE:ALL) is in the midst of a steady, multi-year uptrend which took the stock to a record high at the end of December. The brief pullback following this milestone was neatly contained by the security's 60-day moving average, a familiar layer of support. With ALL shares bouncing from this technical floor, it appears to be an ideal opportunity to initiate a bullish op...Read More

Dow Stock in Oversold Territory Ahead of Earnings

January 23, 2018 / www.schaeffersresearch.com

Global industrial concern General Electric Company (NYSE:GE) is slated to join the earnings scene, expected to report its fourth-quarter results tomorrow morning, before the market open. The Dow stock has had a more than disappointing start to 2018, last week suffering its worst week since 2009 amid breakup speculation. Below, we will take a look at how GE stock has performed on the charts, and ho...Read More

Dow Reverses Course After Early Record High

January 23, 2018 / www.schaeffersresearch.com

U.S. stocks are mixed at midday, though the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all reached record highs earlier in the session. Netflix earnings have stolen the show today, as the well-received report provides tailwinds for the broader stock market. Comments from hedge fund legend Ray Dalio likely helped to spark a risk-on attitude, as well, after...Read More

Tesla Stock Higher on Musk's New Compensation Plan

January 23, 2018 / www.schaeffersresearch.com

Shares of electric vehicle maker Tesla Inc (NASDAQ:TSLA) are higher after the company revealed CEO Elon Musk's new compensation plan, which is now tied to Tesla's market cap and operational milestones. In short, Musk won't get paid if TSLA stock doesn't perform. Tesla stock was up 1.1% at $355.34, at last check, continuing its recent uptrend above the newfound support of its 252-day moving average...Read More

GoPro Stock Sinks Again On Morgan Stanley Downgrade

January 23, 2018 / www.schaeffersresearch.com

It's been rough sledding in the new year for GoPro Inc (NASDAQ:GPRO), and today is no different. This morning, Morgan Stanley downgraded the camera maker to "underweight" from "equal weight," while issuing a price-target cut to $5 from $9.50. Analysts at the firm noted that the company's camera usability is not improving fast enough, and that software development is critical for a rebound in 2018...Read More

2 Tech Stocks Surging On Impressive Quarterly Updates

January 23, 2018 / www.schaeffersresearch.com

Shares of software stock Adobe Systems Incorporated (NASDAQ:ADBE) and tech accessories producer Logitech International SA (USA) (NASDAQ:LOGI) are rallying today, following the companies' impressive quarterly updates, with each raising their current-quarter and full-year outlooks. Against this backdrop, we'll take a closer look at ADBE and LOGI below. Adobe Stock Analysts Pile On with Bull NotesAdo...Read More

Trump Tariff Lifts Whirlpool Shares Before Earnings

January 23, 2018 / www.schaeffersresearch.com

It's set to be a big week for Whirlpool Corporation (NYSE:WHR) stock. Ahead of the company's quarterly earnings release tomorrow night, WHR shares are surging after a tariff win. Specifically, the Trump administration imposed steep tariffs on imported washing machines, which Whirlpool Chairman Jeffrey Fettig said "caps nearly a decade of litigation and will result in new manufacturing jobs" across...Read More

Netflix Earnings Lift Nasdaq Futures

January 23, 2018 / www.schaeffersresearch.com

Dow futures are sluggish this morning, despite a round of relatively well-received blue-chip earnings and the end of the government shutdown. Verizon (VZ), Johnson & Johnson (JNJ), and Travelers (TRV) stocks are pointed higher after earnings, though fellow Dow stock Procter & Gamble (PG) is headed lower. The big earnings winner ahead of the bell so far is FAANG stock Netflix (NFLX), which has the...Read More

Stocks Brush Off Shutdown Scare to Settle at Record Highs

January 22, 2018 / www.schaeffersresearch.com

Despite a mixed start to the day, stocks managed to hit fresh record highs after the U.S. Senate passed a short-term funding bill, which will help end the nearly three-day government shutdown. The major indexes can also thank positive reactions to this week's first batch of earnings reports, as well as rally among chip stocks -- with names such as Intel Corporation (INTC) and Advanced Micro Device...Read More

Sanmina Shorts Took Profits Too Early

January 22, 2018 / www.schaeffersresearch.com

U.S. stock markets are back at record highs, after the Senate voted to pass a short-term funding bill, which will end the three-day government shutdown. Among individual stocks making big moves are cancer specialist bluebird bio Inc (NASDAQ:BLUE), casino operator Wynn Resorts, Limited (NASDAQ:WYNN), and semiconductor services provider Sanmina Corp (NASDAQ:SANM). Here's a quick look at what's movin...Read More

Analysts Warm to Harley-Davidson Stock as Technical Picture Brightens

January 22, 2018 / www.schaeffersresearch.com

Options volume on Harley-Davidson Inc. (NYSE:HOG) is unusually high today, following a round of bullish analyst notes. Specifically, Wells Fargo upgraded the stock to "outperform" from "market perform" and raised its price target to $59 from $49, while RBC bumped up its price target to $54 from $51. Both brokerage firms cited tax reform as a potential tailwind for HOG shares. Against this backdrop...Read More

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