Marvell stock has been a long-term outperformerSemiconductor stock Marvell Technology Group Ltd. (NASDAQ:MRVL) has been outperforming on the charts in 2019. In fact, just last month, the shares climbed to a 13-year peak of $27.64, and now sit46% higher year-to-date. Over the past week, though, the stock has pulled back amid U.S.-China trade uncertainty, but according to data from Schaeffer's Senio...Read More
Call buying has been popular on AMGNThe stock market is soaring today on upbeat U.S.-China trade headlines. Among individual stocks making notable moves are biotechs Amgen, Inc. (NASDAQ:AMGN) and Arcadia Biosciences Inc (NASDAQ:RKDA), as well as oil name PDC Energy Inc (NASDAQ:PDCE). Here's a quick look at what's moving the shares of AMGN, RKDA, and PDCE.Options Bulls See More Upside for Amgen Sto...Read More
(Corrects company name to Antofalla Minerals in paragraph 6,(not Antofagasta Minerals))By Cassandra GarrisonBUENOS AIRES, Aug 26 (Reuters) - Argentina's oppositioncandidate Alberto Fernandez met with mining companies on Mondayin capital Buenos Aires to discuss his plans for the sector, twosources who attended the meeting said.Fernandez, the front-runner for October's presidentialelection, told the...Read More
Short interest is at a two-year highDISH Network Corp (NASDAQ:DISH) is trading 3.5% higher today at $32.14, after receiving bullish attention from Raymond James. The brokerage firm said it's a good time to buy DISH shares, upgrading to "strong buy," with the company standing to benefit during the 5G rollout as U.S. carriers look for spectrum bands. (In early 2018, some valued DISH Network's spectr...Read More
The 80-day trendline could push the drug stock even lower U.K.-based pharmaceutical concern Mylan NV (NASDAQ:MYL) is getting a broad-market boost today, up 2.3% at $18.76, set for its first positive close in a week. This positive price action may be short lived, however. While the stock enjoyed a brief surge at the end of July, it spent most of August in a downward slide, pressured lower by a ceil...Read More
SEDG options are attractively priced at the momentWhen we last checked in on SolarEdge Technologies Inc (NASDAQ:SEDG), the solar stock was under pressure from a rare bear note and C-suite shocker. Now, less than a week later, this pullback has brought SEDG near a trendline that could mark an attractive entry point for a bullish options trade. More specifically, SolarEdge has pulled back to its 2...Read More
The Dow, S&P, and and Nasdaq are all higher at middayIt's a strong start to the week for the Dow Jones Industrial Average (DJI), as President Donald Trump's trade commentsspark optimism on Wall Street. The blue-chip index has put on roughly 190 points, led by trade-sensitive Apple (AAPL), which has gained nearly 2%, and retailer Nike (NKE) stock, which is up 1.5%. Chip stocks, including Advanced M...Read More
Monday morning's M&A updatesDigesting this morning's market headlines, there are three M&A stories traders should be following. For starters, Bristol-Myers Squibb Co (NYSE:BMY) and Celgene Corporation (NASDAQ:CELG) are both making strong moves higher, thanks to news Amgen Inc (NASDAQ:AMGN) is buying CELG's psoriasis drug Otezla for $13.4 billion, paving the way for BMY and CELG's buyout deal. BMY...Read More
The upbeat U.S.-China trade developments are boosting the chip sectorA double-dose of headlines has the shares of Qualcomm, Inc. (NASDAQ:QCOM) up 1% to trade at $74.17 this morning.First, the chip stock is enjoying broad market tailwinds thanks to the latest U.S.-China trade optimism. But a C-suite shakeup e is also propping up the stock. On late Friday, the company announced current Chief Fina...Read More
FL suffered its worst day in two years on FridayFoot Locker, Inc. (NYSE:FL) slumped 18.9% on Friday -- marking the retail stock's worst day sine Aug. 18, 2017, when it plunged 27.9% -- after the athletic apparel retailer's earnings report fell short of expectations. FL shares are now trading at levels not seen since the fourth quarter of 2017, and bearish analysts are rushing to adjust their out...Read More
Sundial Growers went public earlier this monthWeed producer Sundial Growers Inc (NASDAQ:SNDL) is shooting higher this morning, already up 1.1%, at $9.75. Behind the surge is Cowen and Company, which initiated coverage with an "outperform" rating and $20 price target. The firm said the company has "displayed evidence of responsible corporate spending," referring to its break-even second-quarter. C...Read More
Piper Jaffray downgraded the stock to "underweight" Lighting manufacturer Cree, Inc. (NASDAQ:CREE) is sinking today, after Piper Jaffray issued a bear note. The analyst downgraded the stock to "underweight" from "neutral," and slashed its price target to $38 from $57, citing the firm's quarterly guidance due to the recent Huawei ban. The stock has lost 2.6% so far to trade at $45.90. If this nega...Read More
President Trump said the U.S. and China are "getting back to the table" Dow Jones Industrial Average (DJI) futures are pointed confidently higher this morning -- with the blue-chip index eyeing a 250-point open -- as Wall Street cheers fresh optimism over U.S.-China trade talks. On Sunday, President Donald Trump said the two countries are "getting back to the table," and are serious about making...Read More
Is Dr. Copper diagnosing a stock market crash?The following is a reprint of the market commentary from the September 2019 edition of The Option Advisor, published on August 23. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.Conventional investing wisdom has long held that copper, the humble base metal, has predicti...Read More
A retest of the recent S&P lows and VIX highs could be in the short-term cards"Trade headlines continue to captivate market participants, with the market reacting to the various punches and counter-punches between President Donald Trump and China..."At last Monday's close, the VIX was at 24.59, or roughly double its 2019 closing low, and, in fact, doubling from the July 26 close of 12.16. I stated...Read More
Aug. 23rd, 2019(S14-E710)Featured GuestsHarry S. Dent Jr. &Bob HoyeNote: Guest order via seniority.Please Listen HereInterview Recap:Harry S. Dent Jr. notes if bulls push the yellow metal above $1,525, $1,800 could soon follow.Gold should hold $1,000 on continued geopolitical uncertainty and profligate policymaker decisions.To eclipse the former record zenith of $1,918 from 2011, a new wave...Read More
Avi GilburtPersonally, I love trading metals and have been doing so for quite some time. In fact, the best trade of my entire career was in silver many years ago. But, the one thing that we commonly see in the complex is that when the market strikes a top, it most often spikes into and then strongly reverses at that top as a culmination signal. Thus far, I have not seen that in the metals....Read More
David HaggithIt's out of control. And I'm not even talking about the stock market, which fell off a cliff. I'm talking about the president who has deified himself. I hesitate to write strongly against Trump because I understand why many readers here voted for him, but today (Friday August-23) is a day that shall live in insanity!I understand that we need someone who is anti-establishment; but,...Read More
Gary Savage We're going to get some great opportunities in the months ahead. Metals probably have one more leg up while stocks and commodities may have a final crash into major multi year cycle lows. If you want to learn how to take advantage of these opportunities now is the time to do it before the opportunity passes you by. I watched as many, if not most of the usual analysts missed the bott...Read More
By: Ira EpsteinGold still did not take the highs from the prior week, so we will be watching this in the coming week. Read More