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The Tech Stock at New Highs After Earnings; Gilead Sciences Scores a Big FDA Win

October 19, 2017 / www.schaeffersresearch.com

Analysts are weighing in on biotech Gilead Sciences, Inc. (NASDAQ:GILD), software company Adobe Systems Incorporated (NASDAQ:ADBE), and credit card provider American Express Company (NYSE:AXP). Here's a quick roundup of today's bullish brokerage notes on shares of GILD, ADBE, and AXP.Gilead Sciences Stock Pops on FDA Cancer Drug ApprovalGilead Sciences stock is up 1.7% to trade at $81.40, after th...Read More

Inside Apple's Slide; Plus, Corbus Shorts Squeezed by Bull Gap

October 19, 2017 / www.schaeffersresearch.com

U.S. stocks are trading lower this morning, pressured by weakness in the tech sector. Among the stocks making moves this morning are United Airlines parent United Continental Holdings, Inc. (NYSE:UAL), tech powerhouse Apple Inc. (NASDAQ:AAPL), and drug concern Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP). Here's a closer look at what's moving shares of UAL, AAPL, and CRBP.Shares of UAL Fall...Read More

The Dow Stock Downgraded on China Concerns

October 19, 2017 / www.schaeffersresearch.com

Analysts are weighing in on Dow stock Nike Inc (NYSE:NKE), medical device maker Mazor Robotics Ltd (NASDAQ:MZOR), and fast-casual restaurant chain Chipotle Mexican Grill, Inc. (NASDAQ:CMG). Here's a quick roundup of today's bearish brokerage notes on shares of NKE, MZOR, and CMG.Nike Inventory Glut Behind Goldman Sachs DowngradeNike stock is down 0.6% to trade at $52, after Goldman Sachs downgrade...Read More

Stock Futures Lower as Tech Slips

October 19, 2017 / www.schaeffersresearch.com

Dow Jones Industrial Average (DJIA) futures are lower this morning, signaling the index's pullback from record highs. The slowdown can be attributed to a combination of overseas trouble in Spain, a downgrade for Nike (NKE) stock, and what could be a rough day for Apple (AAPL), amid concerns about iPhone 8 demand and reports of Apple Watch trouble in China. The S&P 500 Index (SPX) and Nasdaq-100 I...Read More

Black Monday Anniversary: Superstitious Buyers Beware

October 18, 2017 / www.schaeffersresearch.com

This Thursday, Oct. 19, will mark the 30th anniversary of Black Monday -- when the stock market notoriously crashed in 1987. This week, we'll be publishing a handful of features in observance of the event. Yesterday, we kicked things off with a look at the stock market changes since Black Monday, and how the S&P 500 Index (SPX) tends to perform after major meltdowns. Today, we'll eye some of the n...Read More

Dow Closes Above 23K After Best Day in a Month

October 18, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA) had another record-shattering session, closing above the 23,000 level for the first time ever -- just one day before the 30th anniversary of Black Monday. IBM stock helped propel the Dow to its best day in more than a month, as the blue chip rallied after earnings, and a surge in financial stocks ushered the S&P 500 Index (SPX) to a record high of its ow...Read More

This Insurance Stock Is Soaring to All-Time Highs

October 18, 2017 / www.schaeffersresearch.com

The Dow is soaring today, topping 23,000 level and setting another intraday record in the process. Grocery stock Supervalu Inc. (NYSE:SVU) and video game maker Electronic Arts Inc. (NASDAQ:EA) are having tough days, while insurance issue Anthem Inc (NYSE:ANTM) toasts some good news. Here's a quick look at what is moving shares of SVU, EA, and ANTM.SVU Stock Reverses Lower Despite Grocery De...Read More

The Rare Sentiment Signal Pointing to Bigger Stock Gains

October 18, 2017 / www.schaeffersresearch.com

The U.S. stock market has been carving out a steady stream of new highs this year, with the Dow most recently slicing through the key 23,000 level, and the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) notching record highs of their own today. And while the University of Michigan's latest consumer sentiment index signaled elevated levels of optimism from consumers, other sentiment indicators are...Read More

Outperforming Avis Budget Group Stock Could Have More Room to Run

October 18, 2017 / www.schaeffersresearch.com

Stocks have been marching higher -- and could have more room to run -- and one sector that has not been left behind is what we call the Autos and Parts group. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, 97% of the the stocks we cover from this sector are currently trading above their 80-day moving average, and have an average year-to-date gain of over 23%. Take Avis...Read More

The S&P Just Did This for the First Time in Almost 50 Years

October 18, 2017 / www.schaeffersresearch.com

One must go back to Oct. 4, 1968, to experience a market environment where the 30-day historical volatility (HV) of the stock market was lower than it is now, according to Schaeffer's Quantitative Analyst Chris Prybal. Could this be the calm before the storm for the S&P 500 Index (SPX)? Here's what to expect from the SPX going forward, if past is prologue.SPX Historical Volatility Falls Below 5Alt...Read More

Dow Rockets to Record Highs After Earnings

October 18, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA)is trading higher this afternoon, comfortably north of the 23,000 mark and in record-high territory, thanks to another round of impressive blue-chip earnings. Specifically, IBM Stock is driving the Dow higher after earnings, and the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also fresh off record highs, though the latter has since dipped into the...Read More

PayPal Stock Bulls Ride 11-Month Win Streak Into Earnings

October 18, 2017 / www.schaeffersresearch.com

PayPal Holdings Inc (NASDAQ:PYPL) has been a major winner over the past year, adding roughly 69% year-over-year. The stock hit a record high of $69.61 on Oct. 13, and was last seen trading at $67.17, putting it on pace for a remarkable 11-month win streak. With the digital payments processor set to release earnings tomorrow, analysts and options traders are growing even more bullish on PYPL shares...Read More

Traders Scoop Up Cheap Honeywell Call Options Ahead Of Earnings

October 18, 2017 / www.schaeffersresearch.com

Earnings season is in full swing. In addition to a number of Dow names and financial firms stepping up to the earnings plate, aerospace giant Honeywell International Inc. (NYSE:HON) is slated to unveil its quarterly results before Friday's open. Here's a closer look at how HON stock has been performing ahead of earnings, and how options traders are positioning themselves.Honeywell stock has added...Read More

3 Stocks Popping On New 'Buy' Ratings

October 18, 2017 / www.schaeffersresearch.com

Analysts are weighing in on semiconductor concern Lattice Semiconductor Corp (NASDAQ:LSCC), camera maker GoPro Inc (NASDAQ:GPRO), and Dow stock Merck & Co., Inc. (NYSE:MRK). Here's a quick roundup of today's bullish brokerage notes on shares of LSCC, GPRO, and MRK.Lattice Semiconductor Stock Scores First 'Buy' Rating in 5 MonthsLattice Semiconductor stock is up 5.1% to trade at $5.78, after Jeffe...Read More

The Pharma Stock Hitting 15-Year Highs Today

October 18, 2017 / www.schaeffersresearch.com

U.S. stocks are trading mostly higher this morning, with strong IBM earnings sending the Dow to another new record above 23,000 -- even as the Nasdaq gives up early gains to trade slightly lower. Among the stocks making moves this morning are Sleep Number mattress parent Select Comfort Corp. (NASDAQ:SCSS), drug concern Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI), and financial stock JPMorgan Ch...Read More

Chipotle's Drastic Price-Target Cut; Plus, The Dow Stock Hit With 2 Downgrades

October 18, 2017 / www.schaeffersresearch.com

Analysts are weighing in on burrito chain Chipotle Mexican Grill, Inc. (NYSE:CMG), Snapchat parent Snap Inc (NYSE:SNAP), and energy stock Chevron Corporation (NYSE:CVX). Here's a quick roundup of today's bearish brokerage notes on shares of CMG, SNAP, and CVX.CMG Stock Downgraded at BofA-Merrill LynchAhead of next Tuesday's earnings report, Chipotle Mexican Grill was downgraded to "underperform" f...Read More

Dow Futures Up Triple Digits as Index Eyes 23,000

October 18, 2017 / www.schaeffersresearch.com

Dow Jones Industrial Average (DJIA) futures are comfortably higher this morning, signaling another record high for the index. The Dow is set to take aim at the 23,000 level it briefly crossed yesterday, with help fromIBM's (IBM)earnings beat. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also higher ahead of the bell. Outside of earnings, traders are digesting lower-than-expected Septemb...Read More

The Sentiment Indicator Signaling a Stock Market Slowdown

October 18, 2017 / www.schaeffersresearch.com

Each month, the University of Michigan publishes their popular consumer sentiment index, which gauges the confidence of the average U.S. consumer. Additionally, and with less fanfare, the Michigan survey also publishes data on whether consumers think the stock market will increase over the next year. With the stock market at all-time highs, it's not surprising these polls are showing elevated leve...Read More

U.S. Stocks End Mixed After a Quick Trip Up to Dow 23K

October 17, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA) topped the 23,000 level for the first time in early trading today, thanks to strong earnings from components Johnson & Johnson (JNJ) and UnitedHealth Group (UNH). Traders also cheered reports of a bipartisan healthcare agreement, which could help to preserve the Obamacare subsidies that President Trump put on the chopping block last week. However, despite...Read More

2 Must-See Financial Earnings to Watch Tomorrow

October 17, 2017 / www.schaeffersresearch.com

Big-cap financial firms continue to make headlines, as third-quarter earnings season heats up. Goldman Sachs Group Inc (NYSE:GS) and Morgan Stanley (NYSE:MS) both posted better-than-expected earnings today, although shares of the former closed lower. Stepping up to the earnings plate tomorrow are U.S. Bancorp (NYSE:USB) before the open and American Express Company (NYSE:AXP) after the close....Read More

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