Stocks are battling breakeven this afternoon, with the Dow clawing higher and attempting to extend its winning streak. Among the stocks making big movesareinsurance concern MBIA Inc. (NYSE:MBI), exercise company Planet Fitness Inc. (NYSE:PLNT), and retail giant Sears Holdings Corp (NASDAQ:SHLD). Here's a quick look at what's moving shares of MBI, PLNT, and SHLD.MBI Stock Nears Top of NYSE After Ea...Read More
It's been a year since Donald Trump was elected president, and few sectors have benefited more than defense stocks. One name that certainly hasn't been left behind is thermal imaging expert FLIR Systems, Inc. (NASDAQ:FLIR). The stock sports a year-over-year lead of 45%, and hit a record high of $48.06 in late October following a third-quarter earnings beat. The shares have been consolidating just...Read More
Semiconductor stocks have been on fire in 2017, with NVIDIA Corporation (NASDAQ:NVDA) helping to lead the charge. While NVDA stock is down 2% at $207.88 today ahead of the chipmaker's turn in the earnings confessional tomorrow night, it still remains up nearly 192% year-over-year -- and hit a record high of $212.90 just yesterday. Nevertheless, the outperforming equity could be ready to slow its r...Read More
Video game stocks Take-Two Interactive (TTWO) and Electronic Arts Inc. (NASDAQ:EA) are making headlines this week as traders react to the companies' holiday forecasts. Not to mention, peer Activision Blizzard (ATVI) is rallying today on news of strong sales of its new Call of Duty game. While a strong holiday season outlook sent TTWO shares to record highs, EA stock has pulled back in respo...Read More
Of the exchange-traded funds (ETFs) that we track, the iShares U.S. Home Construction ETF (ITB) currently sports one of the biggest year-over-year returns, up more than 53%. And that's even after housing stocks last week got slammed in the wake of House Republicans' tax plan. However, one homebuilder stock could take a breather soon, if history is any guide: D. R. Horton Inc (NYSE:DHI), which rep...Read More
The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) remain stuck just below breakeven today, as stocks extend the choppy trading action seen all week. Holding back the indexes is weakness from bank stocks, which is being attributed to Republicans' poor showing in local elections last night, and doubts about the GOP tax plan. The Senate is expected to unveil it...Read More
Optical equipment specialist Lumentum Holdings Inc (NASDAQ:LITE) recently pulled back to a key trendline that has had bullish implications in the past. If history repeats itself, shares of LITE could close in on fresh record highs over the next several weeks. Below, we will take a look at this reliable buy signal, and examine how options traders are playing the outperforming equity.According to...Read More
U.S. stocks are trading slightly lower this morning, with investors tempering some of their tax-reform optimism following big gains for Democrats in Tuesday's elections. Among the stocks making moves are online borrowing service LendingClub Corp (NYSE:LC), drug concern Regeneron Pharmaceuticals Inc (NASDAQ:REGN), and online dating specialist Match Group Inc (NASDAQ:MTCH). Here's a closer look at...Read More
The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) on Monday made simultaneous all-time closing highs for the 26th time in 2017 -- a new record. The previous record occurred in 1995, in which the three major stock market indexes made 25 closing highs in tandem. Below, we take a look at how the Dow, S&P, and Nasdaq tend to perform after moving to multiple reco...Read More
Analysts are weighing in on mobile camera application Snap Inc (NYSE:SNAP), biotech TESARO Inc (NASDAQ:TSRO), and apparel and accessories stock Fossil Group Inc (NASDAQ:FOSL). Here's a quick roundup of today's bearish brokerage notes on SNAP, TSRO, and FOSL. Snap Shares Plunge on Third Straight Earnings MissSnap stock is down 11.6% to trade at $13.37, after the Snapchat parent reported its third...Read More
Analysts are weighing in on Grand Theft Auto parent Take-Two Interactive Software, Inc. (NASDAQ:TTWO), biotech Halozyme Therapeutics, Inc. (NASDAQ:HALO), and photonics stock Coherent, Inc. (NASDAQ:COHR). Here's a quick roundup of today's bullish brokerage notes on shares of TTWO, HALO, and COHR. TTWO Shares Set for Record Highs After EarningsBetter-than-expected fiscal second-quarter sales and a...Read More
Dow Jones Industrial Average (DJIA) futures are muted this morning, after the index notched a sixth straight gain yesterday.S&P 500 Index (SPX) andNasdaq-100 Index (NDX) futures are also sticking close to breakeven. Earnings season continues to roll on, with Snap(SNAP) stock set to plunge after an earnings miss, and Wall Street newcomer Roku (ROKU) due up later today. Elsewhere, Wall Street is a...Read More
Stocks have performed exceptionally well recently, with the major market indexes hitting record highs. The S&P 500 Index (SPX) has gained 15% on the year thus far. You might think a pullback or at least a pause is in order. Well, not according to the seasonality trend. Historically, November through April is the most bullish six-month period of the year for the stock market. The Next Six MonthsTh...Read More
After each touching record highs in early trading, the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all pulled back, dragged down by struggling financial stocks and dismalearnings reports from Priceline (PCLN) and TripAdvisor (TRIP), to name two. Only the Dow managed to eke out a win, swinging higher in the final minutes of trading to notch a sixth straight...Read More
Earnings season continues this week, as traders today digested negative reactions from travel and drug stocks alike. After the close Wednesday, Wall Street will hear from TV streaming platform provider Roku Inc (NASDAQ:ROKU) -- marking its first earnings report as a publicly traded company. Here's a closer look at what ROKU options traders are expecting from the entertainment stock ahead of th...Read More
Shares of Hertz Global Holdings Inc (NYSE:HTZ) are getting smacked today, after sector peer TrueCar (TRUE) reported its first revenue miss in almost two years and gave dismal sales guidance. At last check, HTZ stock was down 19.5% to trade at $20.35, earlier touching the round $20 mark for the first time since early September. And ahead of the car rental company's own turn in the earnings confessi...Read More
Square Inc (NYSE:SQ) is scheduled to report earnings after the market closes on Wednesday, and options volume has been unusually heavy heading into the event. In fact, put and call open interest currently sit at 52-week highs, with traders on both sides of the aisle placing bets before the release. Below, we'll take a closer look at recent options activity on SQ stock, and how the shares have been...Read More
Retail stocks are spiraling today, on reports major department stores have ordered less inventory for the holiday season. Even as rumors swirl over a possible Amazon takeover (subscription required), shares of Kohl's Corporation (NYSE:KSS) are down 4.8% to trade at $40.56. Nevertheless, one options trader seems confident KSS will bounce back by week's end -- a time frame that includes the retailer...Read More
Stocks are trading lower this afternoon, despite a brush with record highs this morning. Among the stocks making big movesare pharmaceutical concerns Mallinckrodt PLC (NYSE:MNK),Keryx Biopharmaceuticals (NASDAQ:KERX), and Five Prime Therapeutics Inc (NASDAQ:FPRX). Here's a quick look at what's moving shares of MNK, KERX, and FPRX.Mallinckrodt Stock Falls on Disappointing Drug SalesMallinckrodt sto...Read More
Canadian Solar Inc. (NASDAQ:CSIQ) will report third-quarter earnings before Thursday's opening bell. Given how sector peer First Solar (FSLR)rallied in late October after earnings, the solar company's earnings reaction is highly anticipated. Here's a closer look at CSIQ stock's performance lately, and how options traders are positioning themselves ahead of earnings.Although the Guggenheim Solar ET...Read More