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China Deal Results in Bull Notes for OLED Stock

December 08, 2017 / www.schaeffersresearch.com

Universal Display Corporation (NASDAQ:OLED) is trading 7.3% higher at $179.60, after the company inked a deal with China's BOE Technology to develop and supply organic light-emitting diode (OLED) technology. Analysts like the arrangement, as Deutsche Bank and Susquehanna raised their respective price targets to $190 and $195, and Cowen weighed in by saying it believes 2018 should be another strong...Read More

2 Firearm Stocks Fall on Grim Forecast

December 08, 2017 / www.schaeffersresearch.com

Firearm stocks are on the move today, after American Outdoor Brands Corp (NASDAQ:AOBC) unveiled a disappointing earnings and revenue forecast -- and the resulting sell-off in AOBC, formerly known as Smith & Wesson, has extended to sector peer Sturm Ruger & Company Inc (NYSE:RGR). Both AOBC and RGR are trading sharply lower this morning, bucking an upside bias for the major equity indexes.Weak Outl...Read More

2 Bank Stocks Holding Near Highs After Basel III, Jobs Data

December 08, 2017 / www.schaeffersresearch.com

Bank stocks are in focus today, after global bank regulators gave the sector a post-recession win in the final Basel III agreement, which found "no significant increase" of capital requirements for financial institutions was needed. Additionally, this morning's strong U.S. jobs data helps strengthen the case for a possible rate hike at next week's Fed meeting. Among the names to watch today are Ba...Read More

Bullish Micron Options at a Discount Ahead of Earnings

December 08, 2017 / www.schaeffersresearch.com

Shares of Micron Technology, Inc. (NASDAQ:MU) are up 2.2% in electronic trading, after Susquehanna raised its price target on the chip stock to $60 from $54 -- representing expected upside of 39% to last night's close at $43.20, and sitting in territory not charted since September 2000. The brokerage firm also raised its fiscal 2018 profit estimate ahead of the company's fiscal first-quarter earni...Read More

Stocks Set to Rally After Jobs Report, Spending Bill

December 08, 2017 / www.schaeffersresearch.com

It's shaping up to be another big day on Wall Street, with stock futures broadly trading above fair value. Investors this morning are reacting to the nonfarm payrolls report for November, which revealed an increase of 228,000 jobs, topping estimates of 200,000. However, wage growth for the period disappointed. Traders should stay focused on the economic schedule, too, since the University of Michi...Read More

Tech Rally Drives Stocks Higher

December 07, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA) finished higher today, climbing more than 120 points at its session peak, before settling with a more modest gain. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) also closed in the black, thanks to a continued rebound from tech stocks, snapping the SPX's longest losing streak in nine months. Markets continue to eye Washington, D.C., for any clues abo...Read More

Analyst: This Stock's Pullback an 'Early Christmas Gift'

December 07, 2017 / www.schaeffersresearch.com

U.S. stocks are trading higher, thanks to outperforming tech stocks. Among the names making big moves are burger chain Shake Shack Inc (NYSE:SHAK), semiconductor company Lam Research Corporation (NASDAQ:LRCX), and retail giant Sears Holdings Corp (NASDAQ:SHLD). Here's a quick look at what's moving shares of SHAK, LRCX, and SHLD.SHAK Shorts Feeling the Squeeze Shares of Shake Shack are soaring a...Read More

What The Topsy-Turvy Tech Sector Could Mean for 2018

December 07, 2017 / www.schaeffersresearch.com

While tech stocks are leading the charge higher today, last week things went a bit topsy-turvy, as one of the best sectors of 2017 took a spill. Not only did it send up an alarm that sounded before the dot-com bubble burst, but Nasdaq-100 Index (NDX) buying climaxes spiked to the highest in nearly six months. Below, we'll take a look at tech-sector performance after these signals, and how stocks c...Read More

This Retail Stock's Shorts Are Getting Crushed By Bitcoin

December 07, 2017 / www.schaeffersresearch.com

Shares of Overstock.com Inc (NASDAQ:OSTK) are soaring today, as bitcoin surges past the $16,000 level. This isn't the first time the retail stock has gotten a lift from the cryptocurrency, with OSTK gapping higher throughout September and October on news the company's subsidiary tZERO, would start a digital coin exchange. The retailer also accepts bitcoin payments. At last check, the equity was up...Read More

Stocks Erase Early Losses; All Eyes on Tech, D.C.

December 07, 2017 / www.schaeffersresearch.com

U.S. stocks are trading higher this afternoon, with the Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) erasing early losses, and the Nasdaq Composite (IXIC) outperforming, thanks to rising tech stocks. Along with bitcoin's surge to record highs, traders are keeping an eye on Washington, D.C., with President Trump expected to meet with congressional leaders from both parties to preve...Read More

Now's the Time to Buy Calls on This Bank Stock

December 07, 2017 / www.schaeffersresearch.com

Bank stocks are poised for a December to remember, thanks to lawmakers' progress on a business-friendly Republican tax plan and an expected Fed rate hike next week. Within the sector, Citigroup Inc (NYSE:C) looks particularly compelling, as the shares embark on their latest rally from a historically significant moving average -- and test their footing at a major "round-number" level. Citigroup st...Read More

Options Traders Win Big on Kroger Stock's November Surge

December 07, 2017 / www.schaeffersresearch.com

Subscribers to Schaeffer's Weekend Trader Series service recently banked a quick 104% profit on our Kroger Co (NYSE:KR) April 20, 2018 21-strike call recommendation. Here's a closer look at why we became bullish on KR stock, and how the options trade we recommended on Sunday, Nov. 19, unfolded.There is no denying that Kroger has had a tough year on the charts, with a number of grocery stocks takin...Read More

USO Fights Familiar Battles, On the Charts and Off

December 07, 2017 / www.schaeffersresearch.com

There are only a few weeks left in the calendar year, and the United States Oil Fund (USO) is running out of opportunities to stake its claim in positive ground for 2017. The fund's 2016 closing price of $11.72 wasn't surmounted on a weekly closing basis until as recently as Friday, Nov. 24 -- and last Friday's afternoon sell-off in equities effectively dashed USO's valiant morning attempt to stri...Read More

Economic Schedule Centers Around Fed Meeting, Quadruple Witching Friday

December 07, 2017 / www.schaeffersresearch.com

All eyes next week will be on the Federal Open Market Commmittee's (FOMC) December meeting, which begins on Tuesday, and the central bank is widely expected to raise interest rates. Following the Fed's policy announcement on Wednesday, outgoing Fed Chair Janet Yellen will give a press conference. And while the earnings schedule is very thin, reports from software firm Oracle Corporation (NYSE:ORCL...Read More

SAGE Therapeutics Options Traders Don't Buy Depression Drug Breakout

December 07, 2017 / www.schaeffersresearch.com

Shares of SAGE Therapeutics Inc (NASDAQ:SAGE) shot to a record high of $169.58 out of the gate, and were last seen trading up 68.6% at $154.77. For the second time in a month, the biotech reported successful trial results for one of its depression drugs, this time announcing that 64% of patients using its major depressive disorder (MDD) treatment entered remission 15 days in. On Nov. 9, SAGE Thera...Read More

Analysts: Beware These 3 Travel Stocks

December 07, 2017 / www.schaeffersresearch.com

Analysts at MKM Partners, J.P. Morgan Securities, and Cowen weighed in a trio of online travel stocks this morning: Expedia Inc (NASDAQ:EXPE), Priceline Group Inc (NASDAQ:PLCN), and Ctrip.com International Ltd (NASDAQ:CTRP). Below, we'll take a look at EXPE, PCLN, and CTRP stocks, which have been struggling in recent months.MKM Sees New Lows for EXPE StockMKM Partners downgraded Expedia stock to...Read More

Lululemon Shorts Get Squeezed as Analysts Applaud Earnings Beat

December 07, 2017 / www.schaeffersresearch.com

Shares of athletic apparel brand Lululemon Athletica Inc. (NASDAQ:LULU) are soaring today after the retailer reported a third-quarter earnings and revenue beat, andreceived one upgrade and no fewer than 15 price-target raises in response. LULU's singular upgrade to "hold" came from Canaccord Genuity -- just days after the brokerage firm backed its "sell" rating -- while the highest new price targ...Read More

Vietnam Steel Tariff Ruling Earns AK Steel Stock a High-Profile Upgrade

December 07, 2017 / www.schaeffersresearch.com

A little more than a month after delivering a disappointing third-quarter miss, AK Steel Holding Corporation (NYSE:AKS) received some favorable news earlier this week, with the U.S. Commerce Department issuing a preliminary ruling that steel products from Vietnam that are made with Chinese substrate will face import duties. Upbeat analysts are chiming in, with the steel stock scoring a key upgrade...Read More

Nasdaq Futures Signal Rare Outperformance

December 07, 2017 / www.schaeffersresearch.com

U.S. stock futures are mixed this morning, as traders keep a close eye on Washington, D.C., where President Donald Trump is expected to meet with congressional leaders from both the Democratic and Republican parties to discuss a potential government shutdown. Tax reform is also in focus, after Senate Republicans on Wednesday voted to send the bill to a conference committee with the House to hash o...Read More

S&P Extends Longest Losing Streak in 9 Months

December 06, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA) finishedlower today, after trading on both sides of breakeven throughout the session. The S&P 500 Index (SPX) also ended a choppy session in the red, bringing its losing streak to four days -- the longest since March. The Nasdaq Composite (IXIC), however, finished in the black, snapping its three-day losing streak after getting a lift from rebounding tech s...Read More

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