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Marriott International Stock Looks Good for Call Buyers

September 19, 2017 / www.schaeffersresearch.com

Marriott International Inc (NASDAQ:MAR) has added 27% year-to-date, and tacked on over 52% year-over-year. The stock recently broke out above a trendline connecting a series of lower highs dating back to its June 2 record high around $110, suggesting MAR is ready to embark on the next leg of its longer-term uptrend. MAR's short interest increased by 15% during the last reporting period, and now...Read More

Options Traders Target New Lows for Chipotle Mexican Grill Stock

September 19, 2017 / www.schaeffersresearch.com

Options traders have been ramping up their bearish exposure on Chipotle Mexican Grill, Inc. (NYSE:CMG), as the stock trades near multi-year lows. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), CMG's 10-day put/call volume ratio has risen to 0.90 from 0.76 since the start of the month, and now ranks in the elevated 76th annual perc...Read More

2 Athleisure Stocks Struck By Downgrades; Jefferies Not Buying Tesla

September 19, 2017 / www.schaeffersresearch.com

Analysts are weighing in on electric car company Tesla Inc (NASDAQ:TSLA), as well as athletic apparel stocks Nike Inc (NYSE:NKE) and Under Armour Inc (NYSE:UAA). Here's a quick roundup of today's bearish brokerage notes on shares of TSLA, NKE, and UAA.Jefferies Starts Tesla Stock at 'Underperform'Tesla stock is down 0.9% to trade at $381.38, after Jefferies initiated coverage on the electric c...Read More

AutoZone Bounces After Earnings; The Latest Equifax Bombshell

September 19, 2017 / www.schaeffersresearch.com

U.S. stocks are eyeing a higher open ahead of today's Fed meeting. Among specific stocks in focus today are auto parts retailer AutoZone, Inc. (NYSE: AZO), cloud concern Synchronoss Technologies, Inc. (NASDAQ:SNCR), and credit agency Equifax Inc. (NYSE:EFX). Here's a closer look at what's moving shares of AZO, SNCR, and EFX. AutoZone Bounces After EarningsAutoZone stock is up 1.2% this morning...Read More

Stock Futures Look Bright As Fed Meeting Takes Center Stage

September 19, 2017 / www.schaeffersresearch.com

After posting its fifth straight record close and its seventh consecutive win, the Dow Jones Industrial Average (DJIA) is pointed higher before the open, as the highly anticipated two-day Federal Reserve monetary-policy meeting kicks offtoday. The central bank isn't expected to lift interest rates until December, but could detail plans to unwind its massive balance sheet. Traders are also diges...Read More

What The Biggest Bear Exodus in 7 Years Means for Stocks

September 19, 2017 / www.schaeffersresearch.com

As the major stock indexes assailed record highs, the number of self-identified bears in the weekly American Association of Individual Investors (AAII) survey plummeted by 13.8 percentage points in the week ended Wednesday, Sept. 13 -- the largest one-week drop since July 2010. In fact, it's the first time in over a year that the number of AAII bears fell by 10 percentage points or more, with the...Read More

Another Win, Record Close for Dow; S&P, Nasdaq Hit New Highs

September 18, 2017 / www.schaeffersresearch.com

U.S. stocks continued to rise today, with the Dow Jones Industrial Average grabbing a fifth straight record close and its seventh consecutive win overall. The S&P 500 Index (SPX) and Nasdaq Composite (COMP) both hit record highs as well, with the former ending another day atop the 2,500 level. Bank stocks led the charge ahead of the Federal Open Market Committee's (FOMC) September meeting, w...Read More

Put Buyers Line Up On FedEx Stock Ahead of Earnings

September 18, 2017 / www.schaeffersresearch.com

While earnings season has mostly wrapped up, package delivery giant FedEx Corporation (NYSE:FDX) will report its fiscal first-quarter results tomorrow night. FedEx has a history of making upward moves following its earnings reports. Below, we will take a look at how FedEx stock typically reacts after earnings, and how options traders are preparing for the big event.At last check, FDX stock is up...Read More

GDX Options Traders Scoop Up Pre-Fed Calls

September 18, 2017 / www.schaeffersresearch.com

Gold prices will be in focus this week, with the Federal Open Market Committee's (FOMC) latest policy decision due on Wednesday afternoon and a press conference from Fed Chair Janet Yellen to follow. Though no rate hike is expected this time around, the VanEck Vectors Gold Miners ETF (GDX) is trading down 1.6% at $23.74 -- paring its year-to-date lead to 13.5% -- as U.S. stocks climb to new record...Read More

Citron: This Tech CEO Reminds Us of Bernie Madoff

September 18, 2017 / www.schaeffersresearch.com

U.S. stocks are trading higher this afternoon, with the Dow eyeing its fifth straight record close. Among the names in the spotlight today are tech stock Ubiquiti Networks Inc (NASDAQ:UBNT), semiconductor stock Applied Materials, Inc. (NASDAQ:AMAT), and telehealth company Teladoc Inc (NYSE:TDOC). Here's a quick look at what is moving shares of UBNT, AMAT, and TDOC.Citron Research: Ubiquiti...Read More

When Biotech Strength Becomes an S&P Buy Signal

September 18, 2017 / www.schaeffersresearch.com

The biotech sector has generated some keen interest lately, driven in no small part by the recent FDA approval of the first CAR T-cell therapy for cancer treatment. This development has been the focus of an L.A. Times front-page story, as well as the current "Closing in on cancer" Economist cover.Against this backdrop, the iShares Nasdaq Biotechnology ETF (IBB) wrapped up the month of August by br...Read More

Banner Week for U.S. Stocks, Despite Chilly iPhone X Reception

September 15, 2017 / www.schaeffersresearch.com

It was a banner week for U.S. stocks -- not to mention oil prices -- with the Dow Jones Industrial Average (DJIA) currently pacing for a sixth straight win and a fourth straight record close. In fact, the blue-chip index is set for its best week of 2017, while the S&P 500 Index (SPX) is aiming for its best week since April. Stock markets this week seemingly shrugged off escalating tensions with No...Read More

Bank ETF KBE Tests Key Technical Level Ahead of FOMC Meeting

September 18, 2017 / www.schaeffersresearch.com

With the Fed's September meeting set to begin tomorrow, the SPDR S&P Bank ETF (KBE) is getting a lift, last seen up 1.6% at $42.57. As such, the shares are trading above two key technical levels located near $42.10. This price point sits near the exchange-traded fund's (ETF) 50-week moving average, as well as a 23.6% Fibonacci Retracement of its 2016 low to its 2017 high. And just below here is...Read More

Equifax Bombarded By Option Bears Ahead of CEO Testimony

September 18, 2017 / www.schaeffersresearch.com

The shares of credit agency Equifax Inc. (NYSE:EFX) are set for their sixth loss in seven sessions, and have lost nearly 35% so far in September, triggered by news of a massive data breach. Muddy Waters founder and noted short seller Carson Block is now suing Equifax, and U.S. prosecutors have reportedly opened a criminal probe into possible insider trading, after a handful of government bigwigs...Read More

Options Traders Hit Tobacco Stocks Following FDA Revisions

September 18, 2017 / www.schaeffersresearch.com

Tobacco stocks were again in focus last week after the Food and Drug Administration (FDA) issued revised guidelines for tobacco manufacturers. Specifically, Altria Group Inc (NYSE:MO) and Philip Morris International Inc. (NYSE:PM) have both been seeing heavy put trading, as many options traders bet on short-term struggles for the shares. Near-Term Put Traders Pounce on MOStarting with Altria,...Read More

Call Buyers Target Heavily Shorted Alibaba Stock

September 18, 2017 / www.schaeffersresearch.com

Options volume has been notably heavy in recent weeks on Chinese e-commerce stock Alibaba Group Holding Ltd (NYSE:BABA) and Snapchat parent Snap Inc (NYSE:SNAP), with call traders driving the action on both names. Here's a closer look at how options traders have been positioning themselves on BABA and SNAP. The 20 stocks listed in the table below have attracted the highest total options volume d...Read More

Dow Stays Hot, Eyes Fifth Straight Record Close

September 18, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA) is higher at midday, set to extend its winning streak to seven sessions, and already setting another intraday record. The Dow is on track for its fifth straight record close, fueled by a strong performance from Caterpillar. Bank stocks are also moving higher, as the market prepares for the Federal Open Market Committee (FOMC) two-day meeting, which kicks...Read More

Northrop Grumman's $8 Billion Move

September 18, 2017 / www.schaeffersresearch.com

U.S. stocks are edging higher in pre-market trading this morning. Among specific stocks in focus today are search giant Alphabet Inc (NASDAQ:GOOGL), biotech Nabriva Therapeutics plc - Ordinary Shares (NASDAQ:NBRV), and defense stock Northrop Grumman Corporation (NYSE:NOC). Here's a closer look at what's moving shares of GOOGL, NBRV, and NOC. Google Makes Moves to Please European RegulatorsAlph...Read More

Chip Stock Surge Sparks Heavy Options Trading

September 18, 2017 / www.schaeffersresearch.com

Along with the broader stock market, semiconductors had a record-setting week last week -- with the VanEck Vectors Semiconductor ETF (SMH) carving out new all-time peaks. An analyst-induced surge for NVIDIA Corporation (NASDAQ:NVDA) helped spark the bullish bias, while a nearly 7% surge for Micron Technology, Inc. (NASDAQ:MU) only created more tailwinds for chip stocks. Options traders were quic...Read More

Caterpillar Hits Record High, Leads Dow After UBS Upgrade

September 18, 2017 / www.schaeffersresearch.com

Analysts are weighing in on technology concern Nvidia Corporation (NASDAQ:NVDA), construction equipment manufacturer Caterpillar Inc.(NYSE:CAT), and streaming entertainment company Netflix, Inc. (NASDAQ:NFLX). Here's a quick roundup of today's bullish brokerage notes on shares of NVDA, CAT, and NFLX. Bank of America Boosts NVDA OutlookBank of America-Merrill Lynch raised its NVDA price target to...Read More

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