The suffering stock just had a bear signal sound on the chartsKraft Heinz Company (NASDAQ:KHC) has had a rough time of the charts of late. Since suffering a brutal post-earnings bear gap in February the equity has attempted to find its footing atop the $32 region, but soon found itself south of the area -- dropping to a record low of $26.96 in late May. While the equity has managed to climb atop i...Read More
NOAH stock was heavily shorted ahead of today's sell-offThe broader U.S. stock market is lower today, headlined by a pullback in Apple shares. Three names to watch are Chinese wealth management firm Noah Holdings Limited (ADR) (NYSE:NOAH), along with healthcare companies Intra-Cellular Therapies Inc (NASDAQ:ITCI) and Coherus BioSciences Inc (NASDAQ:CHRS). Let's take a look at how the shares of NO...Read More
UNFI has been in a long-term downtrend on the chartsOrganic foods distributor United Natural Foods Inc (NYSE:UNFI) has struggled on the charts over the long term. Pressured by its 30-day moving average, UNFI has shed 77% over the past 12 months. United Natural Foods stock also touched a nearly 17-year bottom of $8.07 on June 27, and now, data from Schaeffer's Senior Quantitative Analyst Rocky Whi...Read More
Nike stock is trading at its highest point in over two monthsAs most will know by now, the U.S. Women's National team won its second-straight and fourth overall FIFA Women's World Cup yesterday, defeating Netherlands 2-0. The event drew an 10.0 overnight metered market rating, more than the 2018 FIFA Men's World Cup Final between France and Croatia. The U.S. Soccer Federation is sponsored by Nik...Read More
Gold futures inched lower on Monday, holding at $1,400 an ounce, as traders weighed the scope for rate cuts by the Federal Reserve following last week's stronger-than-expected round of June jobs data. Traders look to testimony from Fed Chairman Jerome Powell's to Congress later this week to provide a catalyst for the next big move for the precious metal. Given global concerns, including an econo...Read More
Gold futures inched lower on Monday, holding at $1,400 an ounce, as traders weighed the scope for rate cuts by the Federal Reserve following last week's stronger-than-expected round of June jobs data. Traders look to testimony from Fed Chairman Jerome Powell's to Congress later this week to provide a catalyst for the next big move for the precious metal. Given global concerns, including an econo...Read More
Health Canada put a hold on several kilograms of dried cannabisCannTrust Holdings Inc (NYSE:CTST) is at the bottom of the New York Stock Exchange (NYSE) today, after Health Canada found the medical-grade marijuana producer's Ontario greenhouse non-compliant with some regulations. The regulatory concern put a hold on more than 5,000 kg of cannabis that was harvested in five unlicensed rooms between...Read More
Broad-market headwinds are pressuring CSCO stock todayCisco Systems, Inc. (NASDAQ:CSCO) entered 2019 bouncing sharply from its 320-day moving average, and has since gained 30%. More recently, the Dow stock's 80-day moving average has served as a springboard, and contained CSCO's pullback from its 18-year high of $58.15 from June 21. Today, broad-market headwinds have the tech stock down 0.6% at $5...Read More
Canaccord Genuity initiated coverage on RYTM with a "buy" rating and a $35 price target The shares of Rhythm Pharmaceuticals Inc (NASDAQ:RYTM) are getting a boost today, after Canaccord Genuity initiated coverage on the drugmaker with a "buy" rating and a $35 price target -- a more than 60% premium to the stock's current perch. The rating comes just weeks after the stock hit a 14-month low of $20....Read More
Boeing and Pfizer are other blue chips under pressure todayThe Dow Jones Industrial Average (DJI) is staring at a triple-digit deficit at midday, weighed down by newly downgraded Apple (AAPL), as well as rough outings fromfellow blue chips Boeing (BA) and Pfizer (PFE). Investors are also preparing for comments from Fed Chair Jerome Powell on Wednesday, after the prospects of a July rate cut took...Read More
BMO had some notable comments for banks ahead of the July Fed meeting With Wall Street still expecting the Fed to cut interest rates at its meeting this month, brokerage firm BMO is considering what that could mean for some of the smaller banks. Specifically, in a note this morning analysts called out regional bank Huntington Bancshares Incorporated (NASDAQ:HBAN), suggesting an easing in monetary...Read More
All three are seeing unusual options volumeAlong with tech titan Apple (AAPL), several other stocks in the sector are lower after negative analyst notes. Of note, Juniper Networks, Inc. (NYSE:JNPR), NetApp Inc. (NASDAQ:NTAP), and F5 Networks, Inc. (NASDAQ:FFIV) stocks are all in the red today, after analysts downgraded the equities to "sell." What's more, the ugly brokerage attention has sparked u...Read More
ROKU is bouncing from a trendline with historically bullish implicationsRoku Inc (NASDAQ:ROKU) pulled back briefly last week following a bearish brokerage note, but bounced from a key technical level. The shares are now approaching the century mark and a recent batch of options bulls are anticipating even more upside for the streaming stock.Taking a quick step back, Roku landed on a list of stoc...Read More
The firm's hemophilia treatment met the main goal of a mid-stage studyThe shares of Catalyst Biosciences Inc (NASDAQ:CBIO) were up in early market trading, after the drugmaker announced its treatment, MarzAA, successfully reduced bleeding episodes in patients with hemophilia during a mid-stage study. However, unlike sector peer Sangamo Therapeutics (SGMO), CBIO stock quickly reversed course to tr...Read More
Sangamo Therapeutics' hemophilia drug reported updated positive early-stage resultsTwo biotech names are making a run up the Nasdaq charts this morning. First there's Sangamo Therapeutics Inc (NASDAQ:SGMO), up 10% to trade at $12.53, after the gene therapy specialist reported positive early-stage results for its hemophilia treatment developed with Pfizer (PFE). An analyst at Cowen and Company sai...Read More
AMAT is just below its year-over-year breakeven pointExactly one week after inking a deal with Japanese chipmaker Kokusai Electric, tech stock Applied Materials, Inc. (NASDAQ:AMAT) is suffering a pullback. The catalyst behind this morning's decline looks to be a bear note out D.A. Davidson, specifically a downgrade to "neutral" from "buy" and price-target cut to $45 from $55. The brokerage firm...Read More
Gold's forward progress has slowed and consolidation will continue.Economic and geopolitical fears will continue to support the metal.Expect a slowdown in gold stock rally, but the main trend is still up.The same fear which galvanized investors into buying gold still hangs thick in the air despite the well-received trade-related news on Wall Street. While the U.S. and China have agreed to cont...Read More
Most analysts are already bearish on the stocksJ.P. Morgan Securities upgraded its view on industrial stocks Johnson Controls International PLC (NYSE:JCI) and Lennox International Inc. (NYSE:LII). Let's take a brief look at how the brokerage firm is viewing the shares of JCI and LII. For JCI, the covering analyst Stephen Tusa, more known for his General Electric commentary, raised his rating to "n...Read More
Rosenblatt Securities slapped AAPL with a rare "sell" rating todayRosenblatt Securities downgraded Apple Inc. (NASDAQ:AAPL) to "sell" from "neutral," saying "there is less reward for owning Apple stock," following its recent buyback-related boost. And while it doesn't think the equity is "a short," it does see "fundamental deterioration" in the iPhone maker over the next year. The brokerage firm m...Read More
Apple just got hit with a downgradeDow futures are signaling a lower start this morning, with the index set to extend Friday's drop. A struggling tech sector is weighing on markets, with Apple (AAPL) downgraded to "sell" from "neutral" by Rosenblatt Securities. Traders could also exercise caution ahead of a mid-week speech from Fed Chair Jerome Powell, after last week's impressive jobs report less...Read More