Analysts are weighing in on light bulb producer Cree, Inc. (NASDAQ:CREE), social media stock Twitter Inc (NYSE:TWTR), and chipmaker Broadcom Ltd (NASDAQ:AVGO). Here's a quick roundup of today's bullish brokerage notes on shares of CREE, TWTR, and AVGO. Deutsche Bank Bullish on Cree's Wolfspeed BusinessCree stock is up 4.6% before the open, thanks to an upgrade to "buy" at Deutsche Bank, which boos...Read More
Dow Jones Industrial Average (DJIA) futures are cautiously higher,after the index's record-setting week. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also sticking close to breakeven. Traders are reacting to newsthat New York Fed President William Dudley will retire in 2018, before his term expires. Just last week, President Trump nominated Fed Governor Jerome Powell to head...Read More
"With tax reform among the highest priorities in Washington, D.C. -- which you are sure to read and hear about in coming weeks -- this week brings us a continuation of earnings season and a full economic calendar..."...[F]rom a macro perspective, the biggest news is likely to revolve around the Federal Reserve, with another policy meeting set for Wednesday and President Trump planning to name the...Read More
The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) each closed at record highs today, with the Dow and S&P ending higher for an eighth straight week -- their longest weekly win streaks since 2013 -- and the IXIC making it six in a row. A post-earnings rally from Apple (AAPL) and an M&A-related surge for Qualcomm (QCOM) helped propel stocks higher and offset O...Read More
Tenet Healthcare Corp (NYSE:THC) is scheduled to report third-quarter earnings after the stock market closes on Monday. The healthcare name has a dismal history of post-earnings price action, with the shares settling lower in the subsequent session in five of the past eight quarters -- including a 14.4% plunge last August. For Tuesday's trading, the options market is pricing in a 12.9% single-sess...Read More
Despite plenty of noise and news rolling out of Washington D.C. throughout the week, U.S. stocks managed to push higher once again, with all three major indexes hitting record highs. Investor attention mostly centered on the release of the Republican tax plan, which aims to permanently cut the corporate tax rate to 20% -- though another provision sent homebuilder stocks tumbling on Thursday. Also...Read More
Stocks are trading higher this afternoon, as traders digest big-cap tech earnings and the nonfarms payroll report for October. Online mailing and shipping company Stamps.com Inc. (NASDAQ:STMP), rent-to-own supplier Rent-A-Center Inc (NASDAQ:RCII), and national security technology and supply concern Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) are making big moves. Here's a quick look at...Read More
Centuries ago, before there was any semblance of a stock market, one Italian developed a theory that would lay the groundwork for countless mathematical applications. Fibonacci retracements are valuable technical analysis tools that enable an investor to sniff out a stock's possible support or resistance areas. Looking at Fibonacci retracements, or "Fib levels,"as we call them, can give investors...Read More
Shares of Fossil Group Inc (NASDAQ:FOSL) have plunged 4.1% today to trade at $7.42, after Telsey Advisory Group lowered its price target on the retail stock to $9 form $11. What's more, FOSL is pacing toward its seventh loss in a row -- one of the longest losing streaks of all optionable S&P 500 Index (SPX) stocks, according to Schaeffer's Senior Quantitative Analyst Rocky White -- and with earnin...Read More
Travel site TripAdvisor (NASDAQ:TRIP) willreport third-quarter earnings after the close on Monday. Travel stocks have struggled this earnings season, with sector peer Ctrip.com International (CTRP) tanking after its report on Thursday. Plus, TripAdvisor found itself in hot water earlier this week, over a report that the travel website was removing user warnings about certain travel destinations....Read More
While the Dow Jones Industrial Average (DJIA) has retreated from the record high it hit earlier to hover near breakeven alongside the S&P 500 Index (SPX), a post-earnings Apple (AAPL) stock rally has the Nasdaq Composite (IXIC) outperforming. Economic data has been in focus all morning, with the nonfarm payrolls report for October coming in below expectations. However, the ISM non-manufacturing in...Read More
Earnings season is in full swing, with today's report from Apple (AAPL) dominating the equity news flow. And after the closing bell on Monday, traders will digest results from weight management services provider Weight Watchers International, Inc. (NYSE:WTW).Here's a closer look at what traders are expecting from WTW stock ahead of earnings.WTW Makes Big Moves After EarningsWeight Watchers sto...Read More
On Thursday, General Electric Company (NYSE:GE) closed down 0.08% -- marking its ninth straight loss, and its longest daily losing streak since 2009. Before that, you'd have to go all the way back to 1988 to see a nine-day GE losing streak, and this is just the fifth time since 1978 the stock has strung together this many consecutive declines. Here's closer look at how the GE stock year tends to p...Read More
U.S. stocks are mixed this morning following October's nonfarm payrolls report and the latest round of corporate earnings. Among the stocks making moves are Dow component Apple Inc. (NASDAQ:AAPL), music streaming service Pandora Media Inc (NYSE:P), and drug concern Valeant Pharmaceuticals International Inc (NYSE:VRX). Here's a closer look at what's moving shares of AAPL, P, and VRX.AAPL Soars to...Read More
Analysts are weighing in on tech stocks Acacia Communications, Inc. (NASDAQ:ACIA) and Tableau Software Inc (NYSE:DATA), as well as oil concern Chesapeake Energy Corporation (NYSE:CHK). Here's a quick roundup of today's bearish brokerage notes on ACIA, DATA, and CHK.Acacia Communications Stock Sinks to Fresh Low After EarningsAcacia Communications stock earlier touched an annual low of $38.29, a...Read More
Analysts are weighing in on video game stock Activision Blizzard, Inc. (NASDAQ:ATVI), cloud concern Arista Networks Inc (NYSE:ANET), and gene therapy specialist bluebird bio Inc (NASDAQ:BLUE). Here's a quick roundup of today's bullish brokerage notes on shares of ATVI, ANET, and BLUE. Activision Stock Eyes Record Highs on Call of Duty Release DayActivision Blizzard stock is up 2.4% before the ope...Read More
Dow Jones Industrial Average (DJIA) futures are pointed cautiously higher this morning, as markets process a busy week of earnings and economic data. Both the Dow andNasdaq-100 Index (NDX) are on pace for fresh intraday highs and weekly wins, with Apple (AAPL) providing a boost after its upbeat earnings report and encouraging iPhone X sales. Meanwhile, the S&P 500 Index (SPX) has more ground to...Read More
It was a wild ride on Wall Street today, as stocks reacted to Republican tax plans, earnings, and a big Fed announcement. The Dow Jones Industrial Average (DJIA) explored a range of more than 180 points on both sides of breakeven, but managed to erase losses brought on by the House's new tax code proposal, swinging to a record high after President Trump tapped Fed Governor Jerome Powell to replace...Read More
Housing stocks are spiraling today in reaction to the Republican tax plan. Specifically, the newly released proposal includes a provision to cap the mortgage interest rate deduction at $500,000 -- half the current limit. Among those taking it on the chin are the SPDR S&P Homebuilders ETF (XHB) and the iShares U.S. Home Construction ETF (ITB), while individual stocks Home Depot Inc (NYSE:HD) and To...Read More
Wayfair Inc (NYSE:W) is down 19.9% today at $59.60, landing on the short-sale restricted list following this morning's larger-than-expected third-quarter loss. While the shares still sport a 12-month gain of 87%, short sellers -- including Citron Research -- have to be pleased with today's price action. Below, we'll take a closer look at W stock and its precarious place on the charts. But first, i...Read More