KBH has earnings this week, on top of a number of economic reports on the housing marketKB Home (NYSE:KBH) is preparing to report earnings after the close tomorrow, March 26, and the options market is foreseeing greater-than-normal volatility following the event. By the numbers, the stock has averaged a 4.1% swing after earnings during the past eight quarters, but this time around speculators are...Read More
Plus, Google is toying with change that could impact Trade Desk and CriteoThe Dow is clinging to slight gains at midday, propped up byRobert Mueller's report. Of the stocks making particular noise today, digital advertising experts Trade Desk Inc (NASDAQ:TTD) and Criteo SA (ADR) (NASDAQ:CRTO) are lower, while athletic apparel stock Nike Inc (NYSE:NKE) is in the news. Here's a quick look at what's...Read More
A look at the 25 best stocks to own in AprilThe S&P 500 Index (SPX) is on pace to end March with a modest 0.4% gain, which would mark theindex's third straight month in the black. Looking ahead, April tends to bode well for Wall Street, with the SPDR S&P 500 ETF Trust (SPY) -- an exchange-traded fund (ETF) that mimics the S&P 500 -- ending the month higher nine of the past 10 years. Below, we take...Read More
Analysts have been extremely optimistic toward Citigroup stockBanking giant Citigroup Inc (NYSE:C) is extending last week's weakness -- down 0.6% at $60.63, and pacing for a fifth straight loss -- after a dovish Fedand an inverted yield curve created headwinds for the financial sector. However, the stock remains 16% higher year-to-date, and its recent pullback has it trading near a historically b...Read More
The shares of TSLA are in the red after RBC issued a price-target cutIt's been a troubling couple of days forTesla Inc (NASDAQ:TSLA), after the New York Times on Friday reported that the electric automaker's sales have dropped considerably since the start of the year, according to new-car registration data from the Dominion Cross-Sell Report. Elsewhere, RBC today slashed its price target on TSLA...Read More
Stocks are attempting to recover some of Friday's steep lossesU.S. stocks are cautiously higher at midday. Trade-sensitive Caterpillar (CAT) is the top stock on theDow Jones Industrial Average (DJI), as Wall Street awaits news from the latest round of U.S.-China trade talks. Speculators are also optimistic after Robert Mueller found no evidence that President Donald Trump colluded with Russia. On...Read More
Boeing and the Federal Aviation Administration worked closelytogether to hustle a new passenger jet through the safety certificationprocess. The combined efforts to save time and cost, coupled with little senseof accountability, resulted in a tragic safety flaw. Now hundreds of passengers are dead, albeit in other countries.The public is finding the enormous trust placed in the manufacturer and th...Read More
By: RambusThere is a ratio chart, $Gold:$XAU, we haven't looked at in quite awhile that has helped us in the past to locate some important turning points for the PM stocks. I'm not going to get into all the details tonight but this ratio chart shows you just how undervalued the $XAU or precious metals stocks in general are to gold itself. From the mid 1980's to the 2008 GFC crash the horizontal...Read More
It's tempting to think last week's high at 2866.00 (click on inset) will mark the final gasp of an exceptionally powerful bear rally. If so, it will have occurred in a place where we might have expected Mr. Market to spring a nasty trap on bulls and bears alike. The latter would have thrown in the towel and covered short positions when the S&Ps broke out over the last two weeks above three des...Read More
AAPL is expected to unveil its new streaming services at an event later todayOptions volume is accelerated on Apple Inc. (NASDAQ:AAPL) this morning, ahead of the today's highly anticipated event, where the tech titan is expected to unveil details for its new video and news streaming services. At last check, around 219,000 calls and 153,000 puts have changed hands on AAPL stock -- nearly double wha...Read More
Our researchers have been glued to Gold, Silver and the Precious Metals sector for many months. We believe the current setup in Gold is a once-in-a-lifetime opportunity for skilled traders to stake positions below $1300 before a potentially incredible upside price move. We’ve been alerting our members and follower to this opportunity since well before the October/December 2018 downside...Read More
Some options traders have been betting on upside for KBRThe shares ofKBR, Inc. (NYSE:KBR) are trading down 0.6% at $18.16, despite news the company won a nearly $96 million contract to supply cybersecurity and engineering services to the U.S. military. This just extends the selling seen on Friday that pushed the equity down 4.6% and below the 200-day moving average, which had briefly stepped up as...Read More
Canopy Growth scored a license for its New Brunswick production facilityCanopy Growth Corp (NYSE:CGC) stock was up nearly 1.9% out of the gate, after the cannabis producer received a license from Health Canada to increase cultivation at its facility in New Brunswick. The company hopes to boost production by more than 5,000 kilograms annually, with the first harvest expected within six months. Am...Read More
There is a ratio chart, $Gold:$XAU, we haven’t looked at in quite awhile that has helped us in the past to locate some important turning points for the PM stocks. I’m not going to get into all the details tonight but this ratio chart shows you just how undervalued the $XAU or precious metals stocks in general are to gold itself. From the mid 1980’s to the 2008 GFC crash the horiz...Read More
SRPT was initially higher after an update on its DMD treatment The shares of Sarepta Therapeutics Inc (NASDAQ:SRPT) were higher in pre-market trading, after the biopharmaceutical company gave a positive update on an early study of its Duchenne muscular distrophy (DMD) gene therapy treatment. However, SRPT stock has since reversed lower, last seen down 3.5% at $118.SRPT stock just hit a four-month...Read More
The brokerage firm also downgraded the cloud stock to "sell"Deutsche Bank downgraded Akamai Technologies, Inc. (NASDAQ:AKAM) stock to "sell" from "hold," and slashed its price target to $58 from $64 -- the lowest on Wall Street. This bearish tilt echoes last week's comments from Cowen, which said AKAM stock slid to the number 23 spot on its "conviction list," after coming in fifth last November.To...Read More
DERM has already added 80% since JanuaryDermatological biopharma Dermira Inc (NASDAQ:DERM) is up 2.6% at $13.33 in early trading, after receiving multiple bull notes in response to its "Life Unfolds" campaign, which shines a light on its excessive underarm sweat treatment, the Qbrexa cloth. Ahead of today's bull notes, however, DERM was already enjoying the positive impact of a March 18 announcem...Read More
Top U.S. trade negotiators are in Beijing this weekDow Jones Industrial Average (DJI) futures are pointed slightly higher this morning, after Special Counsel Robert Mueller's investigation into Russian interference in the 2016 U.S. presidential election found no evidence of collusion on the part of President Donald Trump's campaign. This is helping offset fears of a global recession that were spa...Read More
Analysts have taken a hatchet to their forecasts for the upcoming round of corporate earningsThe following is a reprint of the market commentary from the April 2019 edition of The Option Advisor, published on March 22. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.Following Wednesday's "no hike" decision from the...Read More