Netflix, Inc. (NASDAQ:NFLX) topped out at a record high of $204.38 on Oct. 17. Since then the streaming name has been stair-stepping lower. After suffering its worst one-day drop in a year on Wednesday during the broader tech selloff, NFLX came face-to-face with its 80-day moving average. Similar to one of its fellow FAANG stocks, this trendline has had historically bullish implications for Netfli...Read More
Hospital operator HCA Healthcare Inc (NYSE:HCA) has overcome previous resistance in the $80-$82 region, taking back the 200-day moving average in the process, after J.P. Morgan Securities yesterday issued an extremely bullish note. Analysts there upgraded HCA stock to "overweight" from "neutral," upping their price target to $96 from $75, saying the passage of Republicans' tax proposal would "disp...Read More
The Dow Jones Industrial Average (DJIA) yesterday wrapped up November with a healthy 3.8% gain, marking the eighth straight monthly win for the blue-chip index. In fact, the Dow is in the throes of its longest monthly winning streak in 22 years. Below, we take a look at how the DJIA tends to perform after these extremely rare rallies, and what history could tell us about the stock market in 2018.T...Read More
Shares of meal delivery specialist Blue Apron Holdings Inc (NYSE:APRN) are up 4.9% this morning at $3.13, after the company's co-founder Matt Salzberg yesterday stepped down as CEO -- though he'll stay on as executive chairman -- which follows co-founder Matthew Wadiak's departure as chief operating officer last July. Salzberg will be replaced by Chief Financial Officer Brad Dickerson. This news c...Read More
One stock on the move today is CME Group Inc (NASDAQ:CME), after the exchange operator said it will launch bitcoin futures beginning on Monday, Dec. 18. This much-anticipated development paves the way for bitcoin ETFs and other cryptocurrency derivatives.CME stock is up 1.2% at $151.27 in morning trading, and earlier set an all-time high of $152.14. CME is now up more than 31% on the year, and ha...Read More
Last night, VMware, Inc. (NYSE:VMW) reported third-quarter adjusted earnings of $1.34 per share on $1.98 billion in revenue. This came in above the consensus forecast for a per-share profit of $1.27 on $1.96 billion in revenue. The virtualization firm also said licensing revenue came in at a stronger-than-expected $785 million.The results were met with an onslaught of upbeat analyst attention. BMO...Read More
FedEx Corporation (NYSE:FDX) has been a solid performer in 2017. Analysts are starting to take notice too, with the global delivery service stock subject to upbeat analyst attention today. Here's a quick look at FDX stock, and how options traders are playing the equity.Earlier today, FDX received a price-target hike to $265 from $245 at BMO. Echoing this sentiment, analysts at Barclays see "plen...Read More
U.S. stock futures are signaling a mixed open, as investors consider the chances of a Senate vote on tax reform today. Buzz surroundingRepublicans' tax proposal sent the Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) to record highs yesterday, but Senate Majority Leader Mitch McConnell postponed a vote on the measure. The economic schedule will also draw attention, since it features a...Read More
Bank stocks helped boost the Dow Jones Industrial Average (DJIA) to another big win today -- and past 24,000 -- after Republican Senator John McCain of Arizona signaled his support for the GOP tax plan. While Goldman Sachs (GS) was near the top of the Dow, big-cap oil stocks Chevron (CVX) and Exxon Mobil (XOM) weren't far behind, as energy shares got a lift on news the Organization of the Petroleu...Read More
Earlier this week, we highlighted the 25 worst stocks in December, looking at data from the last 10 years. While some stocks on that list may be targeted by short sellers looking for history to repeat,there are obvious downsides to selling a stock short. Namely, you have to borrow shares from a broker. However, a synthetic short options strategy allows you to simulate the risk/reward of an actual...Read More
I've tried my best to stay away from bitcoin (BTC) mania, but it's everywhere, pervading the financial news landscape more and more each day. One day there are headlines about the cryptocurrency rising 50%, the next it's falling 20%. At last glance, it was trading at $9,685.52, just a day after hitting an all-time high of $11,395. Throughout it all, bitcoin and its peers have attracted critics and...Read More
Subscribers to Schaeffer's Weekend Trader Series service recently doubled their money on our Dollar Tree, Inc. (NASDAQ:DLTR) February 87.50 call recommendation. Here's a closer look at what had DLTR stock on our bullish radar, and how the options trade we recommended on Sunday, Oct. 15, unfolded.Despite getting downgraded on Friday, Oct. 13, Dollar Tree stock closed the session up at $91.50, after...Read More
The Dow Jones Industrial Average (DJIA) is set to wrap up an eighth straight monthly win, which would mark its longest monthly win streak in more than 20 years. The index today climbed north of the 24,000 level for the first time ever, and is on pace to end the week with a healthy gain of more than 2.5%. However, while the Nasdaq Composite (IXIC) is in rally mode today, the tech-rich index suffere...Read More
Stocks are trading higher this afternoon, as anticipation continues to build ahead of a tax vote taking place in the Senate today. Among the names making big moves are medical device stock BioTelemetry, Inc. (NASDAQ:BEAT), clothing retailer Tilly's, Inc. (NYSE:TLYS), and bookstore chain Barnes & Noble, Inc. (NYSE:BKE). Here's a quick look at what's moving shares of BEAT, TLYS, and BKS.BEAT is Mak...Read More
Call options are hot on Facebook Inc (NASDAQ:FB) today, as the FAANG stock bounces back from yesterday's tech sector selloff. At last check, roughly 54,000 calls were on the tape, or 1.4 times what's typically seen at this point in the day, with FB shares up 0.9% to trade at $176.64. And if past is precedent, the equity could take an even bigger bounce into the new year.Most of today's action so f...Read More
The U.S. stock market is booming today, with the Dow Jones Industrial Average (DJIA) pushing through the 24,000 level for the first time ever to hit record highs. The S&P 500 Index (SPX) also touched an all-time best -- set for its longest monthly winning streak in a decade -- while the Nasdaq Composite (IXIC) is attempting to recover from yesterday's huge tech selloff. Buzz is building ahead of a...Read More
E-commerce platform Square Inc (NYSE:SQ) has had an exceptional year, most recently generating buzz for its ventures into bitcoin, which only added to the shares' impressive performance in 2017. However, following Wednesday's sector-wide selloff in tech stocks, the shares pulled back to a trendline that has had historically bullish implications. Below, we will take a look at this potential buy...Read More
Analysts are weighing in gold stock Barrick Gold Corp (NYSE:ABX), software developer Workday Inc (NASDAQ:WDAY), and burrito chain Chipotle Mexican Grill, Inc. (NYSE:CMG). Here's a quick roundup of today's bearish brokerage notes on shares of ABX, WDAY, and CMG.Barrick Gold Stock Downgraded to "Sell" at CitigroupBarrick Gold stock is down 3.2% to trade at $13.59 -- fresh off a new annual low of $1...Read More
U.S. stocks are trading higher this morning, thanks to rebounding tech stocks and anticipation over a possible tax reform vote hitting the Senate floor this afternoon. Three stocks making notable moves today are big-time retailer Sears Holdings Corp (NASDAQ:SHLD), supermarket chain Kroger Co (NYSE:KR), and networking concern Juniper Networks, Inc. (NYSE:JNPR). Here's a closer look at what's movi...Read More
Analysts are weighing in on e-commerce titan Amazon.com, Inc. (NASDAQ:AMZN), social media stock Twitter Inc (NYSE:TWTR), and streaming content provider Netflix, Inc. (NASDAQ:NFLX). Here's what's moving shares of AMAZN, TWTR, and NFLX. AMZN Stock Bounces Back After Bull NoteAmazon stock is again receiving bullish analyst attention, as this morning Deutsche Bank raised its price target to $1,425 fro...Read More