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Options Traders React as Fitbit Stock Swings Lower

September 20, 2017 / www.schaeffersresearch.com

Shares of Fitbit Inc (NYSE:FIT) were up nearly 2% at their intraday peak -- possibly getting a lift on negative reports for the new Apple Watch -- but were last seen down 0.3% at $6.23. And while some options traders are betting on a quick rebound for FIT stock, others are eyeing even bigger losses in the near term.Amid below average volume, 5,710 calls and 2,569 puts have changed hands on FIT s...Read More

Apple Options Volume Hits Fever Pitch After Negative Watch Reviews

September 20, 2017 / www.schaeffersresearch.com

The shares of Apple Inc. (NASDAQ:AAPL) -- and many Apple suppliers -- are getting walloped today, amid negative reviews of the new Apple Watch. Specifically, the Apple Watch Series 3 -- which will begin shipping on Friday -- is facing reports of connectivity issues and battery limitations. Adding insult to injury, a Rosenblatt analyst said iPhone 8 pre-orders look weak, compared to when the iPhon...Read More

2 Foreign ETFs to Watch in the Fourth Quarter

September 20, 2017 / www.schaeffersresearch.com

Put volume was accelerated on the iShares MSCI South Korea Capped ETF (EWY) yesterday after President Donald Trump said the U.S. might be forced to "totally destroy" North Korea. Meanwhile, iShares MSCI Mexico Capped ETF (EWW) yesterday was halted after a 7.1 magnitude earthquake hit Mexico City, and put traders began to pour in later in the day. Let's take a closer look at the data on exchang...Read More

2 Apple Suppliers Bears Should Be Watching This Week

September 20, 2017 / www.schaeffersresearch.com

Shares of Apple Inc. (NASDAQ:AAPL) are taking a hit today, after the tech giant reported connectivity issues with its new Apple Watch. AAPL stock's 2% drop is dragging down the shares of Apple suppliers, too, including Qorvo Inc (NASDAQ:QRVO) and Western Digital Corp (NASDAQ:WDC). QRVO and WDC were already staring down historical headwinds, considering they are two of the worst stocks to own dur...Read More

Apple Keeps Dow In Check Ahead of Fed Decision

September 20, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA) has spent time on both sides of the aisle, but is modestly higher at midday, attempting to extend its winning streak to nine straight sessions. While the Dow touched a record intraday high earlier, and is looking for its sixth straight record close, Apple stock is helping to keep the index's gains in check, amid reports of connectivity issues for the new Ap...Read More

Buy Calls on These 2 Blue Chips

September 20, 2017 / www.schaeffersresearch.com

Aerospace name Boeing Co (NYSE:BA) and construction concern Caterpillar Inc. (NYSE:CAT) have displayed impressive price action in 2017. While BA is the best Dow stock in terms of year-to-date returns, fellow blue chip CAT isn't far behind. In fact, both Dow stocks are hovering near record highs, and could extend their surge next week. Specifically, "window dressing" at the end of the third quart...Read More

2 Dow Drugmakers Go to Court; Adobe Analysts Up Targets as Stock Sinks

September 20, 2017 / www.schaeffersresearch.com

Analysts are weighing in on Dow drug stock Pfizer Inc. (NYSE:PFE), software giant Adobe Systems Incorporated (NASDAQ:ADBE), and sports retailer Hibbett Sports, Inc. (NASDAQ:HIBB). Here's a quick roundup of today's bullish brokerage notes on shares of PFE, ADBE, and HIBB. Morgan Stanley Shares Optimistic Outlook for PFE StockPfizer received an upgrade to "overweight" from "equal weight" at Morgan S...Read More

The Dow Stock Downgraded on Valuation Concerns; Bed Bath & Beyond Tanks

September 20, 2017 / www.schaeffersresearch.com

Analysts are weighing in on retailers L Brands Inc (NYSE:LB) and Bed Bath & Beyond Inc. (NASDAQ:BBBY), as well as Dow stock 3M Co (NYSE:MMM). Here's a quick roundup of today's bearish brokerage notes on shares of LB, BBBY, and MMM.Cowen Downgrades L Brands on Competition WorriesL Brands stock is down 5.1% to trade at $37.22, after Cowen and Company downgraded the retailer to "market perform" fr...Read More

Analysts Remain Bullish on FedEx Stock Despite Weak Earnings

September 20, 2017 / www.schaeffersresearch.com

Stocks are searching for direction out of the gate this morning ahead of the Fed's afternoon policy announcement. Among specific stocks in focus today are e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN), delivery concern FedEx Corporation (NYSE:FDX), and biopharmaceutical company Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY). Here's a closer look at what's moving shares of AMZN, FDX, and ALNY. A...Read More

U.S. Stock Futures Signal Quiet Start As Traders Await Fed's Next Big Move

September 20, 2017 / www.schaeffersresearch.com

After posting its sixth straight record close and eighth consecutive win on Tuesday, Dow Jones Industrial Average (DJIA) futures are just barely above fair value this morning as traders await the outcome of the Federal Open Market Committee's (FOMC) two-day policy meeting. While the central bank isn't expected to lift interest rates until December, investors will be looking for details on how it p...Read More

20 Stocks to Buy Right Now

September 20, 2017 / www.schaeffersresearch.com

I wrote about window dressing last quarter, but the topic merits a closer look now. The third quarter has often been the best quarter to take advantage of window dressing, whichis when fund managers buy the hottest stocks near the end of the quarter and sell off the stocks that have been performing poorly. They do this because the fund holdings are disclosed at the end of the quarter, so anyone de...Read More

Stocks Run Higher as Fed Meeting Kicks Off; Trump UN Speech in Focus

September 19, 2017 / www.schaeffersresearch.com

It was yet another positive session for U.S. stocks, as traders focused on the beginning of the Federal Open Market Committee's (FOMC) September meeting. The central bank isn't expected to lift interest rates until December, but could detail plans to unwind its massive balance sheet. The Dow Jones Industrial Average (DJIA) enjoyed a sixth straight record close, and ended higher for the eighth da...Read More

Sprint Stock Pops on Merger Talk; Best Buy Falls on Lackluster Guidance

September 19, 2017 / www.schaeffersresearch.com

U.S. stocks are trading higher this afternoon, with the Dow set to extend its winning streak to eight sessions -- the longest since early August. Among the names in the spotlight today are telecom stock Sprint Corp (NYSE:S), electronics retailer Best Buy Co Inc (NYSE:BBY), and clothing company Gap Inc (NYSE:GPS). Here's a quick look at what is moving shares of S, BBY, and GPS.Sprint Stock So...Read More

Kohl's Shorts On Edge After Another Amazon Deal

September 19, 2017 / www.schaeffersresearch.com

Retailer Kohl's Corporation (NYSE:KSS) found itself in the news today, after announcing it would offer free returns on Amazon products at 85 of its stores starting next month. This is the second time Kohl's and Amazon have teamed up. Earlier this month, Kohl's agreed to sell Amazon's smart-home products in 10 of its stores. Below, we will take a look at how Kohl's stock has performed lately, a...Read More

T-Mobile Option Bull Banks a Tidy Profit After Sprint Surge

September 19, 2017 / www.schaeffersresearch.com

T-Mobile US Inc (NASDAQ:TMUS) is trading up 5.3% at $65.08, after CNBC reported the wireless carrier has resumed merger talks with Sprint. Options traders have been quick to react, too, with 32,265 calls and 15,915 puts on the tape -- six times what's typically seen and total options volume pacing in the 99th annual percentile. This heavy attention to calls is just more of the same in TMUS' optio...Read More

The Best Stocks and Sectors for Fed Week

September 19, 2017 / www.schaeffersresearch.com

The Fed is expected to emerge from its two-day policy meeting tomorrow without announcing a rate hike, with most traders expecting the central bank to lift rates again in December. However, some are expecting Janet Yellen & Co to detail plans on how the Federal Reserve will unwind its massive balance sheet. With Fed Fever in the air, we decided to take another look at the historically best and wor...Read More

Options Traders Hit Hasbro, Mattel After Toys R Us Bankruptcy

September 19, 2017 / www.schaeffersresearch.com

Toy stocks Hasbro, Inc. (NASDAQ:HAS) and Mattel, Inc. (NASDAQ:MAT) came under pressure on Monday due to speculation -- which has since been confirmed -- that Toys R Us was filing for Chapter 11 bankruptcy. Options traders quickly jumped in, targeting near-term puts amid the shares' weakness. Below we'll take a quick look at how speculators are trading HAS and MAT. Put Options Unusually Pop...Read More

This Momo Stock Buy Signal Shouldn't Be Missed

September 19, 2017 / www.schaeffersresearch.com

Call open interest levels have been steadily rising on Momo Inc (ADR) (NASDAQ:MOMO) throughout 2017, along with the stock's price. While MOMO shares have nearly doubled in value year-to-date, call open interest is currently docked in the 89th annual percentile. It looks to be a prime time for call buyers to continue to target the stock, considering short-term options premiums are attractively pric...Read More

Dow Looks To Extend Hot Streak

September 19, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA) is higher at midday, set to extend its winning streak to eight sessions -- the longest since early August -- while already setting another intraday record. The Dow is on track for its sixth straight record close, as the two-day Fed meeting gets underway. The central bank isn't expected to lift interest rates until December, but could detail plans to unwind i...Read More

Analyst Eyes New Record Highs for Apple Stock

September 19, 2017 / www.schaeffersresearch.com

Analysts are weighing in on technology powerhouse Apple Inc. (NASDAQ:AAPL), chip stock Micron Technology, Inc. (NASDAQ:MU), and luxury retailer Michael Kors Holdings Ltd (NYSE:KORS). Here's a quick roundup of today's bullish brokerage notes on shares of AAPL, MU, and KORS. Morgan Stanley Lifts AAPL Target Amid iPhone X HypeMorgan Stanley raised its price target on Apple stock to $194 from $182, w...Read More

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