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BlackBerry Stock Could Be a Bargain Right Now

December 11, 2017 / www.schaeffersresearch.com

Shares of BlackBerry Ltd (NYSE:BB) are up 3% at $10.55, at last check, but have pulled back since touching a two-year high of $11.78 in mid-October. However, the smartphone maker's recent dip could be a buying opportunity, if recent history repeats. Below, we'll explain why BB stock should be on your bullish radar.BlackBerry stock recently came within one standard deviation of its 160-day moving...Read More

6 Currency Trades That Aren't Bitcoin

December 11, 2017 / www.schaeffersresearch.com

Bitcoin futures began trading on the Cboe Global Markets exchange under the code XBT -- bringing more attention to the surging cryptocurrency. At last check, the January contract was trading near $17,970, after climbing as high as $18,850 earlier. The March contract, meanwhile, reached as high as $19,330, before scaling back to its present perch at $18,390. The volume has helped lift the value of...Read More

Bitcoin Bulls Take Profits on CME Group

December 11, 2017 / www.schaeffersresearch.com

Bitcoin futures have made quite a splash, with surging demand for the cryptocurrency halting trading and temporarily shutteringCBOE's website earlier. In fact, two fund firms have reportedly already asked regulators for permission to launch an ETF on the digital currency. While Cboe Global Markets Inc (NASDAQ:CBOE) and other Bitcoin-related stocks are in focus today, one equity will likely capture...Read More

Options Traders Take Aim At These 2 Drug Stocks

December 11, 2017 / www.schaeffersresearch.com

The 20 stocks listed in the table below have attracted the highest total options volume during the past 10 trading days. Stocks highlighted in yellow are new entries to the list. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names to note are biotech stocks Valeant Pharmaceuticals International, Inc. (NYSE:VRX) and Teva Pharmaceutical Industries Ltd (NYSE:TEVA). Be...Read More

Stocks Shake Off NYC Bombing; Dow, SPX Eye Record Close

December 11, 2017 / www.schaeffersresearch.com

U.S. stocks are modestly higher at midday, though the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are off their session peaks. Still, the DJIA and SPX are aiming for another record close. The reported attempted suicide bombing at Times Square in New York City took some of the wind out of the bulls' sails, but a strong day for drug and tech stocks is lifti...Read More

2 Pharma Stocks Soaring on Upbeat Drug Data

December 11, 2017 / www.schaeffersresearch.com

Drug stocks are in focus this morning, including sector partners Celgene Corporation (NASDAQ:CELG) and bluebird bio Inc (NASDAQ:BLUE). The pair reported positive data on their co-developed CAR-T drug -- designed to treat patients with advanced multiple myeloma -- with 94% of patients responding to the treatment, and over half remaining in complete remission. "This is unheard of, something that we...Read More

2 Solar Stocks Spiking After Analyst Upgrades

December 11, 2017 / www.schaeffersresearch.com

Solar stocks are gearing up for a strong close to 2017. This morning, shares of alternative energy names, First Solar, Inc. (NASDAQ:FSLR) and SunPower Corporation (NASDAQ:SPWR) are surging after being upgraded to "outperform" from "neutral" at Baird. Below, we will take a closer look at these bullish brokerage notes, and see how the stocks are performing. First Solar Stock is Baird's 'Top Sector...Read More

Bullish Bias Builds Among Analysts, Options Traders Before Adobe Earnings

December 11, 2017 / www.schaeffersresearch.com

Software company Adobe Systems Incorporated (NASDAQ:ADBE) is set to report earnings after the close on Thursday, and bullish expectations are building ahead of the event. Just this morning, for example, RBC raised its price target to $179 from $177, helping ADBE stock pick up 0.4% to trade at $174.27. Most analysts are already very bullish, with 19 of 23 handing out "strong buy" ratings, and opti...Read More

3 Stocks Moving as Bitcoin Futures Go Live

December 11, 2017 / www.schaeffersresearch.com

Bitcoin futures began trading on the Cboe Global Markets Inc (NASDAQ:CBOE) last night under the symbol XBT. The contracts attracted such heavy volume that trading had to temporarily be halted, while CBOE's website underwent delays and outages. Shares of CBOE are trading higher this morning, as are Square Inc (NYSE:SQ) and Overstock.com Inc (NASDAQ:OSTK) -- two stocks with exposure to the cryptocur...Read More

Stocks Set to Rise Alongside Bitcoin Futures

December 11, 2017 / www.schaeffersresearch.com

Dow Jones Industrial Average (DJIA) futures are trading above fair value this morning, as stocks try to build off Friday's strong session. In focus today are newly released bitcoin futures, which soared in their debut, resulting in a temporary halt in trading. Investors are also monitoring headlines of an explosion near Times Square in New York City. Looking ahead, the Labor Department's Job Openi...Read More

Will We Get a VIX Spike With This Week's Rate Hike?

December 11, 2017 / www.schaeffersresearch.com

"If fed funds futures traders are correct, and if past is prologue, bulls should welcome the FOMC standing pat this week... [there's] a propensity for stocks to rally in the short term following FOMC decisions to hold rates steady, with a bias toward broad-market weakness in the immediate days and weeks following a rate hike." -- Monday Morning Outlook, October 30, 2017"For now, the short-te...Read More

Dow, S&P 500 Finish Strong, Notch Third Straight Weekly Wins

December 08, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA) finished higher today, riding a stronger-than-expected jobs report to athird straight weekly win and a record closing high. Markets also cheered the signing of a short-term spending bill that postponed a government shutdown for two weeks. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) also closed in the black, although only the former was able to ek...Read More

3 Drug Stocks Making Big Moves Today

December 08, 2017 / www.schaeffersresearch.com

U.S. stocks are having a strong day after this morning's jobs report. Among the names making big moves are drug stocks SteadyMed Ltd (NASDAQ:STDY), Teva Pharmaceutical Industries Ltd (NYSE:TEVA), and La Jolla Pharmaceutical Company (NASDAQ:LJPC). Here's a quick look at what's moving shares of STDY, TEVA, and LJPC. SteadyMed Stock Takes OffSteadyMed stock has added 14.5% to trade at $3.55, thanks t...Read More

Put Options Hot as IBB Tests Technical Support

December 08, 2017 / www.schaeffersresearch.com

It's a big day for biotechs, with Denali Therapeutics (DNLI) debuting on the Nasdaq above its initial public offering price (IPO), and Sage Therapeutics (SAGE) continuing to hit record highs. Amid these sector tailwinds, the iShares Nasdaq Biotechnology ETF (IBB) is up 2.1% to trade at $106.29 -- extending its bounce off a key trendline. Here's a closer look at IBB, and how options traders have be...Read More

2 Ways for Nervous Investors to Hedge with Options

December 08, 2017 / www.schaeffersresearch.com

It's been a crazy couple of weeks for the stock market, amid concerns about tax reform, tech stocks, and a government shutdown. Meanwhile, next week will bring us the launch of bitcoin futures and a possible Fed rate hike. While Schaeffer's Senior V.P. of Research Todd Salamone suggests traders "continue to use call options to participate in the record-breaking equity rally," below are a couple of...Read More

Valeant Stock Surge Draws Fresh Batch of Options Bulls

December 08, 2017 / www.schaeffersresearch.com

Shares of Valeant Pharmaceuticals International, Inc. (NYSE:VRX) are soaring today, with Trade-Alert pointing to optimism ahead of the Food and Drug Administration's (FDA) PDUFA action date for Luminesse, Bausch + Lomb's over-the-counter eye redness treatment. Whatever the reason, VRX stock is up 10% at $19.39 -- fresh off an annual high of $19.44 -- and option volume is popping.At last check, 123...Read More

Tech, Tax Reform, and Bitcoin Buzz Headline Hectic Week

December 08, 2017 / www.schaeffersresearch.com

It was a roller-coaster week on Wall Street, with the major market indexes experiencing their fair share of slumps, losing streaks, rebounds, and record highs. Encouragement over the Republican tax plan lifted most stocks early in the week, but another tech stock sell-off caught Wall Street off-guard. However, the tech sector ultimately rebounded, and aided by some upbeat economic and political ne...Read More

The Blue Chip to Buy Now

December 08, 2017 / www.schaeffersresearch.com

Since gapping to a record high of $86.20 in late October, the shares of Microsoft Corporation (NASDAQ:MSFT) have been relatively range-bound. However, in the wake of the recent pullback in tech stocks, MSFT stock could be flashing a big "buy." Below, we'll take a look at the technical signal that's preceded pops for the blue-chip stock in recent history.MSFT stock recently came within one standard...Read More

Dow Eyes Weekly Gain on Payrolls Surprise

December 08, 2017 / www.schaeffersresearch.com

U.S. stocks are trading higher, with the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX),and Nasdaq Composite (IXIC) getting a lift from the stronger-than-forecast nonfarm payrolls report for November. The U.S. economy gained 228,000 jobs last month, while the unemployment rate stayed at a low 4.1%. Combined with the passage of a two-week funding bill to stave off a government shutdown,...Read More

CBOE Stock Put Options Hit Peak Popularity Ahead of Bitcoin Futures Launch

December 08, 2017 / www.schaeffersresearch.com

Ahead of the company's launch of bitcoin futures on Sunday, Cboe Global Markets Inc (NASDAQ:CBOE) continues to trade near Monday's record high of $127.78, last seen 0.5% higher at $124.82. But even as the cryptocurrency storms to record high after record high, a number of high-profile Wall Street firms are actively opposing bitcoin, such as banks JPMorgan Chase (JPM) and Citigroup (C). Meanwhile,...Read More

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