Pharmaceutical stocks have dominated headlines today, including a major FDA win for Mylan (MYL) and a potentially lucrative partnership for CytomX Therapeutics (CTMX). Against this backdrop, the SPDR S&P Biotech ETF (XBI) is fresh off a two-year high, and one options trader is paying big bucks to bet on even more upside for the exchange-traded fund (ETF).So far today, XBI has seen roughly 38,000...Read More
Electric vehicle maker Tesla Inc (NASDAQ:TSLA) is in the spotlight again today, with the stock attempting a rebound after bullish analyst attention. Specifically, Nomura Instinet started TSLA stock with a "buy" rating, as well as a 12-month price target of $500, which represents a roughly 40% increase from the stock's current perch. The firm's analyst believes Tesla is "well positioned to accrue...Read More
Amazon.com, Inc. (NASDAQ:AMZN) has put in a strong technical performance in 2017, up 29%. And though AMZN has retreated from its July 27 record high of $1,083.31, it found a sturdy foothold near $940 -- home to a 38.2% Fibonacci retracement of the November-to-July surge -- last seen trading up 0.8% at $963.28, even after the European Union (EU) issued a lofty tax fine on the firm. With Amazon shar...Read More
Despite wobbling in early trading, the Dow Jones Industrial Average (DJIA) is modestly higher at midday, set to extend its winning streak to six sessions. The Dow touched another record high this morning, and the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also flirting with all-time highs -- and pacing for a seventh straight win -- after spending part of the morning lower. Investors are...Read More
Analysts are weighing in on video game maker Electronic Arts Inc. (NASDAQ:EA), semiconductor stock NVIDIA Corporation (NASADQ:NVDA), and biotech CytomX Therapeutics Inc (NASDAQ:CTMX). Here's a quick roundup of today's bullish brokerage notes on shares of EA, NVDA, and CTMX.Electronic Arts Stock Dips Despite Bullish Analyst NoteElectronic Arts stock is down 1.2% to trade at $116.55, despite bulli...Read More
U.S. stocks are mixed this morning, with the Dow touching fresh record highs yet again. Among the stocks making moves this morning are snack and drink giant PepsiCo, Inc. (NYSE:PEP), as well as pharmaceutical stocks Mylan N.V. (NASDAQ:MYL) and Amicus Therapeutics, Inc. (NASDAQ:FOLD). Here's a closer look at what's moving shares of PEP, MYL, and FOLD.PEP Stock Fizzles After Weak SalesShares of PEP...Read More
Analysts are weighing in on drugmakers Teva Pharmaceutical Industries Ltd (NYSE:TEVA) and Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA), as well as toy stock Hasbro, Inc. (NASDAQ:HAS). Here's a quick roundup of today's bearish brokerage notes on shares of TEVA, MNTA, and HAS.Teva Tanks on Mylan's FDA WinTeva Pharmaceutical stock is down 11.8% at $16.60, after rival Mylan (MYL) received Food and Drug...Read More
Dow Jones Industrial Average (DJIA) futures are slightly higher ahead of the bell, signaling another up day for the record-setting blue-chip index. Elsewhere on Wall Street, though, stocks are signaling a breather, with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) at risk of snapping their six-day winning streaks. While economic data has driven the U.S. stock market higher in recent days, a...Read More
Look at the prices of the most familiar publicly traded companies, names like Facebook (FB), Amazon.com (AMZN), Apple (AAPL), and Tesla (TSLA). All of them are well over $100. It didn't used to be like this. Stock splits have declined extensively over the past few years leading to a high proportion of stocks trading in the triple digits.Stocks Over $100The chart below shows the percentage of optio...Read More
TheDow Jones Industrial Average (DJIA) rocketed to record highs out of the gate and didn't look back, securing a fifth straight win. In addition, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) extended their winning streaks to six days -- touching all-time highs of their own -- as traders cheered solid September auto sales, which got a boost from post-hurricane demand.Continue reading for mor...Read More
It's a busy day on Capitol Hill, with former Equifax CEO Richard Smith testifying in front of the House Energy and Commerce Committee, and Wells Fargo & Co (NYSE:WFC) CEO Tim Sloan appearing before the Senate Banking Committee. The WFC CEO was grilled by Senator Elizabeth Warren, with the Massachusetts Democrat saying he "should be fired" in the wake of last year's fake account scandal. And though...Read More
U.S. stocks are trading higher again this afternoon, with the S&P 500 Index, Dow and Nasdaq Composite all touching fresh intraday record peaks. Airline stock Delta Air Lines, Inc. (NYSE:DAL) is enjoying a strong day, while biopharmaceutical stocks Celsion Corporation (NASDAQ:CLSN) and RedHill Biopharma Ltd (NASDAQ:RDHL) are trending in opposite directions. Here's a quick look at what is mov...Read More
The good news continue to pour in for Amazon.com (AMZN) following the company's Whole Foods purchase, with Bloomberg reporting another strong increase in foot traffic for the grocer. While Wal-Mart (WMT) is often seen as the main Amazon rival, the recent foot traffic data suggests Sprouts Farmers Market Inc (NASDAQ:SFM) could be the big loser, and the shares are sliding as a result. The stock...Read More
The fourth quarter is typically the strongest of the year for U.S. stocks. However, while the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), Nasdaq Composite (IXIC), and Russell 2000 Index (RUT) typically outperform in the final three months of the calendar year, 2017 could be an exception for some of the indexes, if history repeats. Below, we'll take a look at how the record-setting Do...Read More
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading up 5.4% today at $13.39 -- the best stock on the S&P 500 Index (SPX) at last check. While some are crediting the surge to unconfirmed takeover chatter, others are speculating on a possible short squeeze -- in addition to the company's newly released embedded graphics processing unit (GPU). Whatever the reason, call volume is soaring i...Read More
Software giant Adobe Systems Incorporated (NASDAQ:ADBE) has been a consistent outperformer in 2017. So much so, in fact, that BofA-Merrill Lynch added the tech stock and its sector peer Broadcom Ltd. (NASDAQ:AVGO) to the the popular Wall Street acronym "FANG," declaring it now "FAAANG." The exclusive club -- first christened by CNBC's Jim Cramer -- originally consisted of Facebook (FB), Amazon (...Read More
Intel Corporation (NASDAQ:INTC) has been on fire over the past month, gaining 11.7% since the end of August to trade at $39.19. In fact, the shares earlier hit a nearly 17-year high of $39.31, breaking out above the $37-$38 area which had capped upside moves since late 2014, and are on pace for their sixth straight win. All the while, options traders have been using call options to speculate on t...Read More
Stocks are once again pushing higher, with the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all hitting record highs. The risk-on approach comes despite a rather quiet day for economic data, though auto stocks are reacting to the latest monthly sales data. Overall, the Dow is on pace for a fifth straight win, while the S&P and Nasdaq are set to extend t...Read More
Ford Motor Company (NYSE:F) is flying high today -- up 2.1% at $12.35 -- as traders react to the automaker's 9% rise in September vehicle sales. Given today's notable pop, it's not too surprising to see options trading hands at a blistering pace in Ford's options pits. And while a number of speculators are targeting more upside for F stock, some traders are betting on a quick retreat.By the number...Read More
U.S. stocks are trading higher this morning, with the Dow sailing to higher record highs. Among the stocks making moves this morning are real estate and homebuilder Lennar Corporation (NYSE:LEN), biopharmaceutical company Vical Incorporated (NASDAQ:VICL), and credit service Equifax Inc. (NYSE:EFX). Here's a closer look at what's moving shares of LEN, VICL, and EFX.LEN Shares Pick Up After Third...Read More