Home Depot's earnings win couldn't boost the DowU.S. stocks took a breather today, ending the recent relief rally for the Dow and its index peers. For the Dow and S&P, today's pullback snapped a three-day win streak, while the Nasdaq's two-day rise is over, as well, with tech and financial stocks among the hardest hit during the session. The Dow's decline comes despite a strong earnings performanc...Read More
One name is eyeing its biggest one-day percentage gain since last AugustStocks are trading lower today as Treasury yields cool. Among individual stocks making notable moves are pharmaceutical firms Endo International PLC (NASDAQ:ENDP) and Vivus, Inc. (NASDAQ:VVUS), as well as acoustic shockwave technology name Soliton Inc (NASDAQ:SOLY). Here's a quick look at what's moving the shares of ENDP, VVUS...Read More
Call options are running much hotter than usual todayBiopharmaceutical stocks Nabriva Therapeutics PLC (NASDAQ:NBRV) and Moderna Inc (NASDAQ:MRNA) are seeing unusual options volume today, with the equities moving on Food and Drug Administration (FDA) news. Specifically, the FDA approved Nabriva's pneumonia antibiotic late yesterday, sending NBRV stock to a three-month high earlier. Meanwhile, Mode...Read More
Cigna stock is slightly lower on reports that it is selling its benefits insurance unit Healthcare concern Cigna Corp (NYSE:CI) is slightly lower today, down 0.5% to trade at $162.10 following a Reuters report that the firm plans onselling its group benefits insurance unit. The stock has been trending lower since a 9.2% surge in mid-July, with pressure from the 20-day moving average capping recent...Read More
The analysts think new drug releases could help AbbvieAbbvie Inc (NYSE:ABBV) is trying to recover from last week's two-year low, getting a boost today from an upgrade to "overweight" from "neutral" at Piper Jaffray, which also set an $80 price target. The brokerage firm believes the stock could benefit from the release of the company's psoriasis treatment Skyrizi and arthritis treatment Rinvoq --...Read More
The combination of new highs and low IVs has historically been bullish for SHAKShake Shack Inc (NYSE:SHAK) has turned up the heat in 2019, with the shares of the burger chain boasting a 111% year-to-date lead. More recently, the stock shot up 18.2% on Aug. 6 in the wake of the burger chain's blowout second-quarter earnings report, eventually topping out at a record high of $98.06 on Aug. 16. And w...Read More
By: Ira EpsteinGold in a drift. Long-term, nothing bearish. The miners are different..Read More
Aug. 16th, 2019(S14-E709)Featured GuestsGerald Celente &Bill MurphyNote: Guest order via seniority.Please Listen HereInterview RecapBill Murphy of GATA.org returns with GATA.org's latest report on the stunning 3 month PMs rally.Once silver breaches $21 is breached, the next leg could send silver sky-high.The cost of living relative to typical domestic income per capita has increased sharply.T...Read More
The world has truly entered uncharted waters with negative interest rates spreading so far and wide. Frank Holmes, CEO of US Global Investors, recently noted that a whopping 25% of all bonds sold globally now carry a negative yield. “Investors” are even buying some “junk” rated bonds which will repay the bearer less than purchase price upon maturity. Now European...Read More
The Dow erased a triple-digit drop, with help from Home Depot stockThe Dow Jones Industrial Average (DJI) has muscled atop breakeven today, erasing a triple-digit deficit, with Home Depot (HD) stock up more than 4% after earnings. However, Treasury yields have dippedas recession anxieties begin to bubble up again, sending bank stocks lower. Wall Street is also anticipating the Fed's meeting minute...Read More
J.P. Morgan Securities upgraded the stock to "overweight"Shares of plant-based burger maker Beyond Meat Inc (NASDAQ:BYND) are higher this morning, thanks to some upbeat analyst attention from J.P. Morgan Securities. The brokerage firm upgraded BYND stock to "overweight" from "neutral," and lifted its price target by $1 to $189. What's more, BYND call options are on fire today.Specifically, J.P. Mo...Read More
AAPL shares are higher as Apple TV+ buzz swirlsApple Inc. (NASDAQ:AAPL) stock is trading up 0.4% at $211.25, as buzz swirls over the tech giant's new streaming service, Apple TV+. Specifically, Bloomberg reported the subscription service will launch in November -- a month also expected to see the premier of Walt Disney's (DIS) Disney+ -- for $9.99 per month. Additionally, Apple could be committing...Read More
SRPT options volume is running at 10 times the average intraday pace this morningSarepta Therapeutics Inc (NASDAQ:SRPT) is near the bottom of the Nasdaq this morning, down 16.5% to trade at $100.52. Last night, the Food and Drug Administration (FDA) declined to approve the company's golodirsen injection for the treatment of Duchenne muscular dystrophy (DMD), citing risk of infection and kidney to...Read More
Calls have remained popular on HPQ, howeverTech stock HP Inc (NYSE:HPQ) and retailer Foot Locker, Inc. (NYSE:FL) will both be in the earnings spotlight later this week, and both names received downbeat analyst attention this morning. As such, let's take a look at the shares of HPQ and FL to see how Wall Street is approaching each companies' upcoming quarterly report. Citigroup downgraded its opini...Read More
The retailer posted second-quarter per-share earnings above estimates, though Department store issue Kohl's Corporation (NYSE:KSS) stepped into the earnings ring this morning, with second-quarter earnings of $1.55 per share, which beat out analysts' estimates. However, the retailer reported quarterly revenue and comparable-store sales below expectations, citing unseasonably chilly and wet weather....Read More
Stock futures are quiet following a volatile stretch Dow Jones Industrial Average (DJI) futures are trading cautiously above fair this morning, following a volatile stretch for the blue-chip index that saw six triple-digit closes in the last eight days. Yesterday's U.S.-China trade optimism has dimmed, and instead investors are digesting a mixed quarterly report from trade-sensitive Home Depot (HD...Read More
Traders last week loaded up on out-of-the-money SPY puts, sending premiums soaringWith the major U.S. equity benchmarks already down more than 3% halfway into the month of August, you don't have to look too far to find signs of panic in this stock market. Witness, for example, the Cboe Volatility Index (VIX), commonly known as the market's "fear index," jumping above the 24 level twice in the past...Read More
David Haggith Let me help remove the rose-colored glasses for anyone who still thinks GDP this year is good. First, GDP growth in the first quarter was not "great" as I've heard some claiming. It was, by US historical standards, mediocre. Second, the biggest tax cuts in history only got us down to 2.9% GDP growth for 2018. GDP growth had been pegged originally around 3.1%, but that was revised...Read More
- Clint SiegnerThe world has truly entered uncharted waters with negative interest rates spreading so far and wide. Frank Holmes, CEO of US Global Investors, recently noted that a whopping 25% of all bonds sold globally now carry a negative yield. "Investors" are even buying some "junk" rated bonds which will repay the bearer less than purchase price upon maturity. Now European banks, who ha...Read More
By: Ira EpsteinGold in a drift. Long-term, nothing bearish. The miners are different..Read More