One trader is rolling their call optionsThe second-best Dow stock today is IBM Corp (NYSE:IBM), up 2% to trade at $150.63 today. This comes after Morgan Stanley resumed coverage of the tech icon with an "overweight" rating and $170 price target. Plus, the upgrade has triggered unusual activity in IBM's options pits. More specifically, IBM has seen almost 45,000 call options change hands today -...Read More
Gold didn't see a bullish price reaction to the U.S. Federal Reserve's decision to cut key interest rates for the first time in a decade, but that doesn't come as a big surprise and gold still has lots of reasons to climb. Indeed, after gold futures settled lower Thursday, prices for the metal rallied past $1,450 an ounce in electronic trade to levels not seen since 2013 when U.S. President Donald...Read More
Gold didn't see a bullish price reaction to the U.S. Federal Reserve's decision to cut key interest rates for the first time in a decade, but that doesn't come as a big surprise and gold still has lots of reasons to climb. Indeed, after gold futures settled lower Thursday, prices for the metal rallied past $1,450 an ounce in electronic trade to levels not seen since 2013 when U.S. President Donald...Read More
Gold didn't see a bullish price reaction to the U.S. Federal Reserve's decision to cut key interest rates for the first time in a decade, but that doesn't come as a big surprise and gold still has lots of reasons to climb. Indeed, after gold futures settled lower Thursday, prices for the metal rallied past $1,450 an ounce in electronic trade to levels not seen since 2013 when U.S. President Donald...Read More
Gold futures settled with loss on Thursday after a Federal Reserve rate cut failed to stem strength in the U.S. dollar Prices for the metal, however, climbed in electronic trading Thursday afternoon, as U.S. President Donald Trump's latest threat of additional tariffs on Chinese goods lifted demand for the haven metal. In a tweet, Trump said that "trade talks are continuing, and during talks the U...Read More
Gold futures settled with loss on Thursday after a Federal Reserve rate cut failed to stem strength in the U.S. dollar Prices for the metal, however, climbed in electronic trading Thursday afternoon, as U.S. President Donald Trump's latest threat of additional tariffs on Chinese goods lifted demand for the haven metal. In a tweet, Trump said that "trade talks are continuing, and during talks the U...Read More
Unfortunately Boeing is now heading into a time of historical weaknessWe've taken a hard look at how stocks perform in August, and two names that stood out were Boeing Co (NYSE:BA) and Juniper Networks, Inc. (NASDAQ:JNPR). The shares of BA and JNPR are important in particular because both stocks have already been in a slump. As such, let's take a look at the historical data to see what we might ex...Read More
The pharmacy concern will report next weekCVS Health Corp (NYSE:CVS) will report second-quarter earnings after the close on Wednesday, Aug. 7. Ahead of the event, it looks like one options trader may be betting big bucks on a post-earnings pop for the pharmacy chain.CVS has seen roughly 36,000 calls and 28,000 puts change hands already today -- more than double the average intraday volume, and on...Read More
Hasbro stock saw an impressive bull gap in late JulySubscribers to Schaeffer's Weekend Trader Series options recommendation service just scored a 100% profit on the Hasbro, Inc. (NASDAQ:HAS) October 100 call trade. Below, we'll explain the factors that went into this options trade hitting its expected target, leaving speculators with a big win.We initially recommended the call to subscribers on S...Read More
Nektar Therapeutics reports earnings next ThursdayA big winner out of the healthcare sector today is Nektar Therapeutics (NASDAQ:NKTR), after the Food and Drug Administration (FDA) granted "breakthrough" therapy status to the company's lead cancer drug for melanoma. NKTR is up 5.1% to trade at $30.33 at last check, on track for its best day in two months. The FDA's decision is notable considering...Read More
Disappointing economic data has investors eyeing another rate cut later this yearThe first day of the month has kicked off with the Dow Jones Industrial Average (DJI) up more than 260 points at midday. Stocks sold off yesterday on post-rate cut comments from Fed Chair Jerome Powell, but are bouncing back today on renewed hopes for additional quantitative easing. Soft economic data is boosting tra...Read More
The equity is within striking distance of annual-low territoryOil-and-gas stock Helmerich & Payne, Inc. (NYSE:HP) is in the red with crude futures today, with oil prices set to snap a five-day winning streak. What's more, the worst may be ahead for HP shares, which just flashed a bearish technical signal and are facing seasonal headwinds, if past is prologue.Helmerich & Payne stock gapped lower la...Read More
Walt Disney earnings are also dueAmid a relatively light economic calendar, Wall Street will be watching another big dose of corporate earnings reports. While ride-hailing names Lyft (LYFT) and Uber (UBER) will each make their second appearances on the earnings stage since going public earlier this year, blue chip Walt Disney (DIS) will step up to the plate following the Dow stock's record-setting...Read More
AMAG Pharmaceuticals has earnings coming up tooWomen's healthcare concern AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) has underperformed in a big way in the past year, but analysts at H.C. Wainwright see a trend change coming. The brokerage firm this morning began coverage with a "buy" recommendation and $16 price target -- almost double Wednesday's close of $8.26. The shares have added 8.4% out of...Read More
Short sellers are likely heading for the hills todayOne of the best stocks on Wall Street today is SunPower Corporation (NASDAQ:SPWR), up 35% to trade at $15.10, and earlier nabbing a three-year high of $15.67. The alternative energy issue reported second-quarter revenue of $481.90 million -- topping expectations of $451.64 million -- while also upping its fiscal-year outlook. SunPower cited grow...Read More
FIT has been struggling since a late-February post-earnings bear gapExercise apparel name Fitbit Inc (NYSE:FIT) is suffering a massive selloff this morning, last seen down 20.1% at $3.36, a penny above the all-time low it tapped this morning. The fitness device company last night cut its full-year revenue forecast to between $1.43 billion and $1.48 billion, due to poor sales of its latest smartwa...Read More
Shopify shares are exploring new highsThe shares of Shopify Inc (NYSE:SHOP) are soaring this morning, after the e-commerce company stepped into the earnings confessional. The Canadian firm reported second-quarter earnings and revenue that blew away analysts' expectations, and lifted its full-year revenue forecast. The earnings beat has SHOP stock up 8% at $343.09 in early trading, exploring record...Read More
Oil prices are pointed lower ahead of the openDow Jones Industrial Average (DJI) futures are trading just barely north of fair value this morning, after stocks sold off yesterday in the wake of what Fed Chair Jerome Powell described as a "midcycle adjustment" by the central bank -- a description of the quarter-point rate cut that wasn't quite as dovish as some market participants had hoped. Presid...Read More
Gold prices have traded sideways in recent days, driven by a "wait and see" approach among market participants.The risk of speculative profit-taking in Comex gold is elevated at this juncture.But central bank and ETF gold buying should remain buoyant in H2 2019.BAR: While weakness cannot be ruled out early in August, we think that BAR will post a monthly gain in August - our target is at $14.55 pe...Read More
For central banks, gold is now equivalent to cash.European Central Banks end their gold selling agreements after 20 years, a bullish sign towards the acquisition of more gold.European financial regulators are also defining gold as equivalent to cash in their currency control framework.While they will never publicly admit it, their actions recognize gold as money. They just won't let the people...Read More