It's a big week for retail earnings, with accessories designer Michael Kors (KORS) kicking things off this morning with a blowout report. Looking ahead, department store Macy's Inc (NYSE:M) is scheduled to report earnings Thursday morning. Ahead of the event, M stock is down 1.6% at $18.07 -- fresh off a seven-year low of $17.94 -- after Morgan Stanley reiterated its negative fourth-quarter outloo...Read More
Stocks are trading higher this afternoon, with traders digesting major M&A developments and high-profile Saudi Arabian arrests. Among the stocks making big moves this afternoon are luxury retailer Michael Kors Holdings Ltd (NYSE:KORS), firearm producer Sturm Ruger & Company Inc (NYSE:RGR), and woman's healthcare company TherapeuticsMD Inc (NASDAQ:TXMD). Here's a quick look at what's moving share...Read More
Later this week, traders will digest third-quarter earnings from cruise lines Royal Caribbean Cruises Ltd (NYSE:RCL) (Tuesday) and Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) (Thursday).Here's a closer look at what traders are expecting from the cruise stocks ahead of earnings.Options Market Prices in Big Earnings Swing for Royal Caribbean StockRoyal Caribbean stock has surged the charts...Read More
Car rental expert Avis Budget Group Inc. (NASDAQ:CAR) and restaurant operator Buffalo Wild Wings (NASDAQ:BWLD) are two stocks that have seen notable options volume recently, with the former preparing to report earnings after the close today, and the latter reporting strong results less than two weeks ago. Here's a closer look at how options traders have been placing their bets on CAR and BWLD sto...Read More
The Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) on Friday notched an eighth straight weekly gain, marking their longest weekly win streaks in nearly four years. Another win this week would mark the Dow's longest since 1995, and would tie the SPX's longest streak in 13 years. Below, we take a look at how the DJIA and S&P tend to fare after eight straight weeks in the black -- and wh...Read More
Crude oil prices are surging today, with the December-dated futures contract up 2.5% at $57.01 per barrel -- a two-year high -- following several high-profile arrests in Saudi Arabia. Against this backdrop, the United States Oil Fund (USO) is 2.6% higher to trade at $11.47, and options traders are blasting the energy shares to bet on even more upside.By the numbers, 103,017 calls and 65,244 puts h...Read More
Social media stocks have been in focus lately, after Facebook (FB) and Twitter (TWTR) each reported earnings in the last two weeks. Now stepping up to the plate this week is Snapchat parent Snap Inc (NYSE:SNAP), the shares of which are staring up at two notable technical levels ahead of earnings after the close tomorrow. Here's a closer look at SNAP stock's performance lately, and how options...Read More
U.S. stocks are pushing higher today, with the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all reaching record highs. Traders have digested some major M&A developments, including Sprint's (S) decision to end takeover talks with T-Mobile (TMUS), as well as a possible merger of two Apple suppliers. The high-profile arrests in Saudi Arabia remains in focus, a...Read More
While the busiest part of earnings season has passed, there are still plenty of high-profile names that still have yet to report. Grand Theft Auto parent Take-Two Interactive Software, Inc. (NASDAQ:TTWO) will take its turn in the earnings confessional after tomorrow's close, and options traders are hoping the stock follows in the footsteps of sector peer Activision Blizzard (ATVI) -- which shot to...Read More
U.S. stocks are trading cautiously higher this morning, as investors eye rising oil prices and some fresh M&A buzz. Among the stocks making moves are drug concern Valeant Pharmaceuticals International Ltd (NYSE:VRX), digital communications tech company QUALCOMM, Inc. (NASDAQ:QCOM), and semiconductor specialist Advanced Micro Devices, Inc. (NASDAQ:AMD). Here's a closer look at what's moving shares...Read More
Analysts are weighing in on telecoms Sprint Corp (NYSE:S) and T-Mobile US Inc (NASDAQ:TMUS), as well as healthcare stock Community Health Systems (NYSE:CYH). Here's a quick roundup of today's bearish brokerage notes on S, TMUS, and CYH.Sprint Shares Plunge After Ending Merger With T-MobileSprint stock hit a new annual low of $5.81 this morning, and was last seen down 12.4% to trade at $5.86, a...Read More
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