Shares of Western Digital Corp (NASDAQ:WDC) are up 4% in electronic trading, after the chipmaker last night said it is dropping domestic arbitration claims against Toshiba over the sale of the latter's chip business to a group led by Bain Capital. Toshiba is abandoning its lawsuit against Western Digital, ending a months-long dispute between the two tech names -- which could have WDC stock recoupi...Read More

Dow Jones Industrial Average (DJIA) futures are trading above fair value this morning, as investors await this afternoon's Fed decision. With the central bank expected to raise interest rates, outgoing Fed Chair Janet Yellen will hold a press conference after the announcement, and is expected to touch on the economy and tax reform. Also in focus is the Senate election results out of Alabama, where...Read More

The Dow Jones Industrial Average (DJIA) finished with a triple-digit gain -- notching its third straight record close -- as Boeing (BA) rallied on news of a dividend hike and Goldman Sachs (GS) surged with its fellow bank stocks. Specifically, financial shares spiked after inflation data strengthened the case for the Fed to raise rates tomorrow, and as Senate Majority Whip John Cornyn suggested a...Read More

The annual rebalancing of the Nasdaq-100 Index (NDX) was recently announced. These changes will take place prior to the market open next Monday, Dec. 18th. The NDX is made up of the largest non-financial companies listed on the Nasdaq. The first table below shows the stocks being added to the index and the second table shows the stocks being removed. I also show the number of analysts following th...Read More

Call options are outpacing put options on Electronic Arts Inc. (NASDAQ:EA) today by a more than 3-to-1 margin. In fact, the single-day put/call volume ratio of 0.28 is pacing in the 5th annual percentile. And while the video game stock is trading down 0.6% at $107.31 following a bearish brokerage note, one options trader appears to be betting on a bounce to record highs next year.Specifically, the...Read More

U.S. stocks are rallying once again, with the Dow and S&P 500 Index (SPX) hitting a record highs. Among the names making big moves are biotech Proteostasis Therapeutics Inc (NASDAQ:PTI), oil-and-gas issue Oasis Petroleum Inc. (NYSE:OAS), and IT stock Helios and Matheson Analytics Inc (NASDAQ:HMNY). Here's a quick look at what's moving shares of PTI, OAS, and HMNY. PTI Stock is Today's Top Nasdaq P...Read More

Shares of Tesla Inc (NASDAQ:TSLA) are popping today, after PepsiCo (PEP) pre-ordered 100 of the automaker's electric semi trucks -- the largest made public so far -- while Consumer Edge said the truck may generate $2-$3.5 billion in annual revenue, according to Bloomberg. And, as speculation swirls around a cryptic Elon Musk tweet, TSLA options volume is accelerated. With TSLA stock up 2.1% at $33...Read More

The Federal Open Market Committee (FOMC) kicks off its highly anticipated December meeting today, with the central bank widely expected to announce a rate hike tomorrow. Against this backdrop, we decided to take a look at some of the worst stocks to own when the Fed hikes interest rates, with banking concern Bank of America Corp (NYSE:BAC) and Dow component Cisco Systems, Inc. (NASDAQ:CSCO)...Read More

The Federal Open Market Committee (FOMC) kicks off its two-day policy meeting today, with the central bank widely expected to announce a rate hike tomorrow. Against this backdrop, we decided to take a look at some of the best stocks to own when the Fed hikes interest rates, with semiconductor stock Advanced Micro Devices, Inc. (NASDAQ:AMD) and payment technology concern PayPal Holdings Inc (NASDAQ...Read More

U.S. stocks are higher at midday, though the Dow Jones Industrial Average (DJIA) is taking a notable lead. Lifting the blue-chip index to a triple-digit gain is a dividend hike from Boeing (BA) and upbeat analyst attention for Verizon Communications (VZ) stock. Bank stocks are also on the rise as the Fed meeting kicks off, with the central bank expected to announce a rate hike tomorrow -- and tod...Read More

Payment processor VeriFone Systems Inc (NYSE:PAY) is scheduled to report earnings after the close today, and investors are hoping for a post-earnings reaction similar to last December's report, when the stock jumped 8.6% in the session afterward. Ahead of tonight's event, options traders are pricing in extremely high volatility expectations for PAY shares, which are trading around key technical l...Read More

Ticketmaster parent Live Nation Entertainment, Inc. (NYSE:LYV) has been a major outperformer in 2017, adding over 63% year-to-date. The shares notched a record high at the end of November, and have since pulled back to the 80-day moving average, which historically has been a bullish signal. With LYV seemingly bouncing from this trendline once again, it could be a good time to bet on its next leg h...Read More

Drug stocks have put in a strong performance in 2017, and analysts are taking note. This morning, the shares of biotechs Mylan N.V. (NASDAQ:MYL) and Sarepta Therapeutics Inc (NASDAQ:SRPT) are enjoying some bullish analyst attention. Below, we will take a closer look at these bullish brokerage notes, and see how the stocks are reacting. Mylan Stock is Guggenheim's 'Top Pick'Guggenheim initiated c...Read More

J.P. Morgan Securities this morning released a bullish note on the aerospace and defense sectors, citing what it sees as reasonable valuations in the group compared to the broader market, and expectations that the U.S. defense budget will grow meaningfully in 2018. Three stocks mentioned by the analysts are Boeing Co (NYSE:BA), Northrop Grumman Corporation (NYSE:NOC), and Lockheed Martin Corporat...Read More

Brokerage firm Needham said FAANG stock and social media powerhouse Facebook, Inc. (NASDAQ:FB) will remain one of its top stock picks in 2018, reiterating a "buy" endorsement and $215 price target -- in uncharted territory for FB stock. Further, notable tech investor Paul Meeks said he expects FAANG stocks to "continue to outperform" over the next year, regardless of the overall market climate, a...Read More

Goldman Sachs raised its rating on Activision Blizzard, Inc. (NASDAQ:ATVI) to "buy" from "neutral," saying the video game stock gives traders the opportunity to own a "high-quality asset at a discounted price relative to its peers." The brokerage firm also increased its 2019 and 2020 estimates for Activision on strong expectations for the company's pipeline, and lifted its price target on the secu...Read More

Stocks are set to build off Monday's record-setting session, with Dow Jones Industrial Average (DJIA) futures trading well above fair value. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are signaling higher opens as well, as investors prepare for today's Fed meeting, which is widely expected to result in a decision to raise interest rates tomorrow. Elsewhere, the producer price index (PPI) f...Read More

The Dow Jones Industrial Average (DJIA) finished higher today for another record close, shaking off early struggles after the attempted suicide bombing near Times Square in New York City. A strong day from energy and tech stocks drove the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) higher, with the former also netting a record close and the latter notching a four-day winning streak. Bitco...Read More

U.S. stocks are holding modest gains this afternoon, with the Dow and S&P 500 Index eyeing record closes. Among the names making big moves are agriculture technology specialist Yield10 Bioscience Inc (NASDAQ:YTEN), gene therapy stock Spark Therapeutics Inc (NASDAQ:ONCE), and biotech Syros Pharmaceuticals Inc (NASDAQ:SYRS). Here's a quick look at what's moving shares of YTEN, ONCE, and SYRS. Monsa...Read More

Shares of Xunlei Ltd (NASDAQ:XNET) are soaring today, as Cboe Global Markets' (CBOE) launch of bitcoin futures lifts stocks with cryptocurrency exposure. At last check, XNET stock was up 23.8% at $14.83, and bullish options trading was picking up the pace.Heading into the final 30-minute stretch of today's trading, 8,003 calls and 3,952 puts were on the tape in XNET's options pits -- 1.6 times the...Read More