Bullish options traders have been circling Home Depot Inc (NYSE:HD) ahead of the company's earnings release Tuesday morning. Data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows a 10-day call/put volume ratio of 3.51, meaning more than three long calls have been purchased for every put. Moreover, this ratio ranks in the high...Read More
Retail stocks have been in focus lately, with J C Penney (JCP) and Sears (SHLD) among the retailers that reported earnings last week. Stepping up to the plate this week is Target Corporation (NYSE:TGT), the shares of which are staring up at a notable technical level ahead of earnings before the open on Wednesday. Here's a closer look at TGT stock's performance lately, and how options traders are...Read More
Stocks have traded on both sides of breakeven today, with the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) last seen modestly higher. General Electric (GE) stock is keeping the Dow's gains in check, down nearly 6% at a five-year low, after the company halved its dividend and cut its 2018 profit outlook. President Trump, meanwhile, attempted to curb skeptic...Read More
General Electric Company (NYSE:GE) stock is selling off after the company said it will halve its dividend payment, reduce its seats on the board by six to 12, and narrow its focus to the power, healthcare, and aviation divisions. General Electric also lowered its fiscal 2018 earnings target. With GE shares down 3.9% at $19.69, options traders are blasting the Dow stock -- and it looks like one cau...Read More
U.S. stocks are trading mixed this morning, with investors still concerned over the possibility of delayed corporate tax cuts. Among the stocks making moves today are online classifieds platform 58.com Inc (NYSE:WUBA), online direct sales company JD.com Inc (NASDAQ:JD), and toy manufacturer Mattel, Inc. (NASDAQ:MAT). Here's a closer look at what's moving shares of WUBA, JD, and MAT.WUBA Touches F...Read More
Analysts are weighing in on global delivery service FedEx Corporation (NYSE:FDX), digital credit provider Qudian Inc (NYSE:QD), and drug stock Nektar Therapeutics (NASDAQ:NKTR). Here's a quick roundup of today's bullish brokerage notes on shares of FDX, QD, and NKTR.Goldman Starts FedEx Stock With a "Buy" RatingFedEx stock is up 0.5% to trade at $219.17, after Goldman Sachs initiated coverage on t...Read More
Analysts are weighing in on drugmaker Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA), molecular diagnostics concern EXACT Sciences Corporation (NASDAQ:EXAS), as well as scandalized credit services provider Equifax Inc. (NYSE:EFX). Here's a quick roundup of today's bearish brokerage notes on TEVA, EXAS, EFX stocks.Analysts: No Clear Recovery for TEVATeva Pharmaceutical stock was downgraded t...Read More
Dow Jones Industrial Average (DJIA) futures are pointedlower this morning, after the index snapped an eight-week winning streak on Friday. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also lower, as concerns continue to linger over a possible delay in corporate tax cuts. However, General Electric (GE) stock is keeping the Dow's pre-market losses in check, after the conglomerate ann...Read More
We started last week without much hoopla, and it seemed as if the calm U.S. equity market would continue trudging along. But on Thursday, stocks experienced an uncommon move downward, and the S&P 500 Index (SPX - 2,582.30) dipped below its 20-day moving average for just the second time in the past two months. Despite this uncharacteristic short-term drop, the index finished the week just slightly...Read More
It was another down day for U.S. stocks, with the Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) closing lower to break eight-week win streaks -- their longest in four years. Today's downside came following a round of disappointing retail earnings, and despite a post-earnings pop from Disney (DIS). Although the Nasdaq Composite (IXIC) managed to eke out a small win thanks to strong...Read More
Stocks were stuck in neutral at the start of the week, as Wall Street digested a slew of M&A developments. The Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) managed to notch fresh record highs nonetheless, with the Dow extending its daily win streak to seven on Wednesday, thanks in part to a sharp rise in oil prices. However, worry began to creep into the ma...Read More
Stocks are trading mixed this afternoon, amid concerns about the Senate's tax plan. Among the stocks making big movesare telecom Frontier Communications Corp (NASDAQ:FTR), specialized manufacturer Esterline Technologies Corporation (NYSE:ESL), and pharmaceutical concern Puma Biotechnology Inc (NASDAQ:PBYI). Here's a quick look at what's moving shares of FTR, ESL, and PBYI.FTR Among Worst of Nasd...Read More
Shares of JD.com, Inc. (NASDAQ:JD) could be in for a volatile week of trading in the wake of sector peer Alibaba's (BABA) Singles Day extravaganza. The world's largest shopping day of the year is currently underway, with Alibaba saying sales hit $5 billion in the first 15 minutes of this year's event. Plus, the Chinese e-commerce issue is scheduled to report third-quarter earnings before the marke...Read More
The shares of red-hot Netflix, Inc. (NASDAQ:NFLX) are taking a breather today, after Walt Disney(DIS) CEO Bob Iger said building a streaming content service is the blue chip's "highest priority this year." Further, Iger said Disney's service will be "substantially" less than that of Netflix, which upped its fees for the first time on Oct. 5, sending NFLX shares soaring. However, today's pullback c...Read More
Amazon.com, Inc. (NASDAQ:AMZN), fresh off an earnings victory two weeks ago, reported yesterday that pop-up shops would be appearing at select Whole Foods Stores during the holidays. The e-commerce giant will be facing a fierce battle this Black Friday, as brick-and-mortar retail stores such as Walmart (WMT) and Best Buy (BBY) attempt to get a head-start on sales this season. Meanwhile, a couple...Read More
Retail stocks are making headlines today, with Nordstrom (JWN), Foot Locker (FL), and Finish Line (FINL) trading lower after garnering bearish analyst notes. Next Friday, traders will digest third-quarter earnings from sector peer Abercrombie & Fitch Co. (NYSE:ANF). Here's a closer look at what traders are expecting from the shares ahead of earnings.Since touching a 17-year low of $8.81 on July...Read More
Stocks are lower for the second straight day, as fears surrounding the Senate's tax plan continue to hover over markets. More specifically, investors are discouraged by reports of a delay to corporate tax cuts. The Dow Jones Industrial Average (DJIA) is pacing for its first weekly decline in nine weeks, though Disney (DIS) stock's post-earnings pop is keeping the losses in check. The S&P 500 Index...Read More
Drugstore stocks are trading higher today, as rumors swirl that Amazon (AMZN) will not not be entering the pharmacy business. CVS Health Corp (NYSE:CVS) and Walgreens Boots Alliance Inc (NASDAQ:WBA) are among those moving higher, and call traders are blasting both stocks' options pits -- betting on even more upside through tonight's close.Today's Pop Marks a Change of Pace for CVS StockCVS, for in...Read More
Bank stocks have been surging since President Donald Trump's unexpected victory during last November's U.S. election. Underscoring this positive momentum is the price action in the Financial Select Sector SPDR Fund (XLF), up 21% year-over-year. On Thursday, the shares pulled back as speculation swirled over Senate Republicans' tax reform plan -- settling down 0.3% at $26.16 -- and prompting one op...Read More
U.S. stocks are trading lower this morning amid fresh concerns over the Senate's proposed plan to delay corporate tax cuts until 2019. Among the stocks making moves today are entertainment powerhouse Walt Disney Company (NYSE:DIS), car rental company Hertz Global Holdings, Inc (NYSE:HTZ), and global e-commerce concern Alibaba Group Holding Ltd (NYSE:BABA). Here's a closer look at what's moving s...Read More