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U.S. Stocks Carve Out New Highs Ahead of Fed Minutes

November 21, 2017 / www.schaeffersresearch.com

It was a record-setting session on Wall Street today. Not only did the Dow Jones Industrial Average (DJIA) and Nasdaq Composite (IXIC) hit record highs, but the S&P 500 Index (SPX) topped 2,600 for the first time ever -- and Goldman Sachsraised its 2018 target for the benchmark to 2,850, based on expectations for tax reform. Tech stocks led the path higher, while a strong batch of earnings reports...Read More

The Chip Stock Riding Hedge Fund Tailwinds

November 21, 2017 / www.schaeffersresearch.com

U.S. stocks have rallied to record levels today. Among those making the biggest moves are semiconductor stock Mellanox Technologies, Ltd. (NASDAQ:MLNX), transportation industry services provider Cubic Corporation (NYSE:CUB), and drugmaker Celsion Corporation (NASDAQ:CLSN). Here's a quick look at what's moving shares of MLNX, CUB, and CLSN. Starboard Stake Provides Tailwinds for Mellanox Techno...Read More

Micron Call Volume Jumps as Tech Stocks Soar

November 21, 2017 / www.schaeffersresearch.com

Tech stocks are leading the stock market rally today, and chipmaker Micron Technology, Inc. (NASDAQ:MU) is soaring right alongside its sector peers. At last check, the shares were up 3.8% to trade at $49.46 -- fresh off a 16-year high of $49.56 -- after Evercore ISI called Micron "the strongest stock within the [semiconductors and technology] group," and said the equity could surge another 25%. Op...Read More

The Dow Hasn't Done This in a Decade

November 21, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) ended last week in the red, marking their first back-to-back weekly losses since August. What's more, the indexes haven't suffered a three-week losing streak since mid-2016 -- and it's not looking like another weekly loss is in the cards, with stocks at record highs. There have been just six calendar years in history where the Dow and...Read More

Electronic Arts Call Buyers Unfazed By 'Star Wars Battlefront' Backlash

November 21, 2017 / www.schaeffersresearch.com

While "Grand Theft Auto" parent Take-Two Interactive Software, Inc. (NASDAQ:TTWO) continues to bask in its earnings victory earlier this month, sector peer Electronic Arts Inc. (NASDAQ:EA) has found itself in hot water, after extensive backlash related to micro payments in its latest high-profile video game "Star Wars: Battlefront II". Below, we will check in with EA to see how the video game stoc...Read More

Stocks Explode to Record Highs as Earnings Impress

November 21, 2017 / www.schaeffersresearch.com

A tech rally and a relatively strong batch of corporate earnings are lifting U.S. stocks today. The Dow Jones Industrial Average (DJIA) is well into triple-digit-gain territory, and the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are rallying impressively, as well, with all three benchmarks notching record highs. The major indexes are on pace for back-to-back wins, even as trading volumes rema...Read More

This Outperforming Cloud Stock Has Cheap Options

November 21, 2017 / www.schaeffersresearch.com

ServiceNow Inc (NYSE:NOW) has been on a roll this year, adding 70% in 2017. The cloud stock has pulled back after hitting an all-time high of $129.56 on Oct. 23, but this pullback has been contained by the shares' rising 40-day moving average, which has served as support since mid-July. As such, it looks like a prime time to bet on the security's next leg higher. Despite NOW's surge up the char...Read More

2 Retailers Collapsing Post-Earnings; A Devastating Development for One Drug Stock

November 21, 2017 / www.schaeffersresearch.com

U.S. stocks are surging this morning following a fresh round of earnings reports, with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) fresh off record highs. However, jewelry maker Signet Jewelers Ltd. (NYSE:SIG), shoe peddler DSW Inc. (NYSE:DSW), and biotech Cytokinetics, Inc. (NASDAQ:CYTK) are three stocks currently short-sale restricted (SSR), after barreling lower this morning. Here's a c...Read More

Analysts Chime In On Time Warner, AT&T Merger Mayhem

November 21, 2017 / www.schaeffersresearch.com

Analysts are weighing in on media stocks -- and merger hopefuls -- Time Warner Inc (NYSE:TWX) and AT&T Inc. (NYSE:T), as well as fellow telecommunications name Verizon Communications Inc. (NYSE:VZ). Here's a quick roundup of today's bearish brokerage notes on shares of TWX, T, and VZ.Oversold Time Warner Stock BouncesTime Warner shares are up 0.6% to trade at $88.25, even as Barclays cut its pric...Read More

Equifax Breach Boosts Palo Alto Profits; Plus, Boeing Stock Flirts with Record Highs

November 21, 2017 / www.schaeffersresearch.com

Analysts are weighing in on Dow stock Boeing Co (NYSE:BA), retailer Urban Outfitters, Inc. (NASDAQ:URBN), and cybersecurity expert Palo Alto Networks Inc (NYSE:PANW). Here's a quick roundup of today's bullish brokerage notes on shares of BA, URBN, and PANW. Jefferies Bumps Up Price Target On BA Stock Boeing stock is trading up 0.6% at $266.08 this morning, just below its Nov. 8 record high of $26...Read More

Dow Futures Flirt With Triple-Digit Lead Amid Strong Earnings Reports

November 21, 2017 / www.schaeffersresearch.com

Dow Jones Industrial Average (DJIA) futures arehigher this morning, flirting with a triple-digit lead, after the index kicked off Thanksgiving weekin the black yesterday. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also pointed higher ahead of what should be another light-volume session. Traders are digesting the latest batch of earnings from the retail sector, with Urban Outfitte...Read More

Dow Kicks Off Short Week With Modest Gain

November 20, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA) spent the day modestly higher, kicking off a historically low-volume holiday week with a gain. Investors cheered a rally in tech and telecom stocks, as well as stronger-than-expected economic data, which helped ease lingering concerns about tax reform. Meanwhile, the greenback gained ground against the euro in the wake of political uncertainty in Germany, se...Read More

Options Traders Flocking To HPQ Stock Ahead Of Earnings

November 20, 2017 / www.schaeffersresearch.com

Software solutions provider HP Inc (NASDAQ:HPQ) will report fiscal fourth-quarter earnings after the close tomorrow. Furthermore, HPQ shares have recently pulled back to a historically bullish trendline. Below, we will take a look at this potential buy signal, and examine howHP stock could fare in the coming weeks.HP stock has had a productive year, tacking on nearly 50% in 2017 alone. The share...Read More

Retail Bulls Hit the Bricks at Fastest Pace in Years

November 20, 2017 / www.schaeffersresearch.com

Just last week, one sentiment poll we follow showed active money managers reducing their stock market exposure atfever pitch, sending up a sentiment signal not seen in almost two years. Echoing that, the number of self-identified bulls in the latest American Association of Individual Investors (AAII) sentiment survey plummeted by the most since April 2013 last week. Against this backdrop, we decid...Read More

Options Traders Jump On Disney, Alibaba as Stocks Diverge

November 20, 2017 / www.schaeffersresearch.com

The 20 stocks listed in the table below have attracted the highest total weekly 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 entertainment giant Walt Disney Company (NYSE:DIS) and e-commerce stock Alibaba Group Holding Ltd (NYSE:BABA). Below we...Read More

The $6B Chip Sector Deal and 2 Drug Stocks Breaking Out

November 20, 2017 / www.schaeffersresearch.com

U.S. stocks are trading cautiously higher this afternoon, with volume quiet ahead of the Thanksgiving holiday. Among the names making big movesare tech stock Marvell Technology Group Ltd. (NASDAQ:MRVL), plus biopharmaceutical companies DBV Technologies SA (NASDAQ:DBVT) and Intra-Cellular Therapies Inc (NASDAQ:ITCI). Here's a quick look at what's moving shares of MRVL, DBVT, and ITCI.Marvell Jump...Read More

Lowe's Options Traders Buy Calls Ahead Of Earnings

November 20, 2017 / www.schaeffersresearch.com

Retailer earnings have been relatively well-received this quarter, with Abercrombie & Fitch (ANF) stock among the most recent winners. In addition, Home Depot (HD) stock charged to new heights last week after earnings, and next up in the earnings confessionalis sector peer Lowe's Companies, Inc. (NYSE:LOW), which reports earnings before the open tomorrow. Here's a closer look at LOW stock's perfor...Read More

Dow Cruises Higher In Light Trading Session

November 20, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA) is rallying today, though volume is predictably light for first day of the holiday-shortened week. Meanwhile, the gains have been less impressive for the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), as tax reform concerns and political uncertainty in Germany loom. The economic calendar is rather bare for today, but the index of leading economic indicator...Read More

Analysts Grow Even More Bullish On 3 Outperforming Stocks

November 20, 2017 / www.schaeffersresearch.com

Analysts are weighing in on mobile payments stock Square Inc (NYSE:SQ), automaker General Motors Company (NYSE:GM), and e-commerce juggernaut Amazon.com, Inc. (NASDAQ:AMZN). Here's a quick roundup of today's bullish brokerage notes on shares of SQ, GM, and AMZN. Credit Suisse Bullish on Square's Bitcoin PushSquare stock last week soared to a record high of $45.74, and was last seen trading jus...Read More

Acorda Rallies, Shire Slides, and Dycom Earnings Get Hacked

November 20, 2017 / www.schaeffersresearch.com

U.S. stocks are trading modestly higher this morning, as uncertainty remains over the GOP tax plan. Among the stocks making moves today are drug stock Acorda Therapeutics Inc (NASDAQ:ACOR), biotech company Shire PLC (NASDAQ:SHPG), and construction and engineering firm Dycom Industries, Inc. (NYSE:DY). Here's a closer look at what's moving shares of ACOR, SHPG, and DY.ACOR Bounces After Halting Pa...Read More

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