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
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
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
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
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
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
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
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
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
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
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
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
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
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 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 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
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
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
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
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