Tech earnings are drawing the attention of analysts today, with a number of brokerages weighing in FAANG stocks Alphabet Inc (NASDAQ:GOOGL) and Amazon.com, Inc. (NASDAQ:AMZN), as well as Dow component Intel Corporation (NASDAQ:INTC). Here's a quick roundup of today's bullish brokerage notes on shares of GOOGL, AMZN, and INTC.Alphabet Stock Skyrockets to Record High On Earnings BeatAlphabet stock...Read More
U.S. stocks are trading higher this morning after another positive round of earnings reports. Among the stocks making moves this morning are solar energy solutions provider First Solar, Inc. (NASDAQ:FSLR), retailer J C Penney Company Inc (NYSE:JCP), and drugstore chain CVS Health Corp (NYSE:CVS). Here's a closer look at what's moving shares of FSLR, JCP, and CVS.FSLR Earnings Send Short Sellers...Read More
Analysts are weighing in on Chinese internet stock Baidu Inc (NASDAQ:BIDU), Barbie maker Mattel, Inc. (NASDAQ:MAT), and electric car concern Tesla Inc (NASDAQ:TSLA). Here's a quick roundup of today's bearish brokerage notes on BIDU, MAT, and TSLA.Baidu Stock Drops on Disappointing Revenue GuidanceBaidu stock is down 7% to trade at $242.29, after the company gave a lower-than-anticipated revenue f...Read More
Dow Jones Industrial Average (DJIA) futures are higher this morning, as the Dow eyes its seventh straight weekly win and markets react to another round of excellent earnings reports. Most notably, the Nasdaq-100 Index (NDX) is set to outperform, thanks to outstanding results from tech all-stars Intel (INTC), Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOGL). Elsewhere, stocks are reacting to...Read More
After suffering its worst day in weeks yesterday, the Dow Jones Industrial Average (DJIA) bounced to close higher in tandem with the S&P 500 Index (SPX), as traders cheered strong earnings from Twitter (TWTR) and Ford Motor (F). Meanwhile, hopes for tax reform surged after a narrowly passed budget in the House. Reports also circulated that President Trump narrowed his choices for the next Fed...Read More
Social media powerhouseFacebook Inc (NASDAQ:FB) stock has been in a long-term uptrend, touching a record high of $176.74 just last week. However, the stock recently pulled back to a key trendline that has had bullish implications in the past. If history repeats itself, FB stock could be screaming "buy" ahead of earnings next week. According to Schaeffer's Senior Quantitative Analyst Rocky White, t...Read More
Stocks are higher this afternoon, with all three major U.S. benchmarks boosted by an array of upbeat earnings reports. However, not all of the day's action is to the upside, with biotech Celgene Corporation (NASDAQ:CELG), tech stock Nokia Oyj (NYSE:NOK), and wellness retailer GNC Holdings Inc (NYSE:GNC) all spiraling. Here's a quick look at what's moving shares of CELG, NOK, and GNC.Celgene Stock...Read More
Overstock.com, Inc. (NASDAQ:OSTK) is having another huge day, with shares of the online retailer rising 8.2% to trade at $44.75, and earlier hit a 12-year high of $45.80. This is just more of the same from the equity, which has been on a breathtaking ascent since early August, when it was traded below $15. With a 14-day Relative Strength Index (RSI) of 76, OSTK is now overbought, but D.A. Davidson...Read More
The weekly Investor Intelligence (II) sentiment poll last week showed optimism creeping higher yet again, sending one sentiment indicator that we track to its highest point in 30 years. Against this backdrop, we decided to take a look at how the stock market performs after these relatively rare sentiment signals.Weekly II ResultsThe percentage of bullish II advisors last week rose to 62.3% from 6...Read More
It's peak earnings season, with positive reactions for Dow stocks Caterpillar (CAT) and McDonald's (MCD) driving the blue-chip index to record highs this week. The action is far from over, with oil majors Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) slated to unveil their quarterly results before tomorrow's open. Although CVX and XOM have been rising with oil prices recent...Read More
Subscribers to Schaeffer's Leverage Trader service recently scored a 119% profit from the October 109 ServiceNow Inc (NYSE:NOW) calls. Below, we'll break down why we were bullish on NOW and how the successful options trade unfolded. When we recommended the call on Sept. 27, NOW stock was in the midst of a modest pullback from what was then a record high of $118.62 on Sept. 7. Plus, the software...Read More
Third-quarter earnings season continues full speed ahead next week, with big-cap companies like Apple Inc. (NASDAQ:AAPL), DowDuPont Inc (NYSE:DWDP), Facebook Inc (NASDAQ:FB), and Pfizer Inc. (NYSE:PFE) expected to report. On the economic front, traders will keep an eye trained on the Federal Open Market Committee's (FOMC) two-day policy-setting meeting -- though no interest rate hike is expected -...Read More
Apple Inc. (NASDAQ:AAPL) will begin taking orders for its iPhone X tomorrow morning. Concerns over production delays cropped up recently, but Rosenblatt Securities said this morning the issue has been resolved and it believes output "could reach 3 million units by the November 3rd launch date." And while AAPL stock is trading up 0.7% at $157.55 ahead of the event, one group of options traders is b...Read More
Despite earlier hitting a record high of $190.25, Raytheon Company (NYSE:RTN) was last seen trading 9% lower at $180.38. The company this morning released third-quarter earnings that topped estimates, but revenue missed and Vertical Research deemed the quarter "good but not great." The shares are on pace for their lowest close since Sept. 14, and their first below the 50-day moving average since A...Read More
The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are trading higher after a bout of impressive earnings, headlined by Twitter (TWTR) and Ford (F). The market is also reacting to fresh rumors that President Trump is leaning toward Fed Governor Jerome Powell or economist John Taylor to head the Fed, as well as the European Central Bank's (ECB) bond-buying pl...Read More
U.S. stocks are trading higher, signaling a quick comeback from yesterday's disappointing close.Among the stocks making moves this morning are social media powerhouse Twitter Inc (NYSE:TWTR), automobile maker Ford Motor Company (NYSE:F), and pharmaceutical concern MediciNova, Inc. (NASDAQ:MNOV). Here's a closer look at what's moving shares of TWTR, F, and MNOV.TWTR Pops on Profit ForecastShares o...Read More
Analysts are weighing in on restaurant chain Buffalo Wild Wings (NASDAQ:BWLD), casino stock Las Vegas Sands Corp. (NYSE:LVS), and semiconductor concern STMicroelectronics NV (NYSE:STM). Here's a quick roundup of today's bullish brokerage notes on shares of BWLD, LVS, and STM.Buffalo Wild Wings Stock Pops on Big Earnings Beat Buffalo Wild Wings stock is up a whopping 17.4% to trade at $118.75, aft...Read More
Analysts are weighing in on semiconductor stock Mellanox Technologies, Ltd. (NASDAQ:MLNX), as well as biotechs Amgen, Inc. (NASDAQ:AMGN) and Teva Pharmaceutical Industries Ltd (NYSE:TEVA). Here's a quick roundup of today's bearish brokerage notes on shares of MLNX, AMGN, and TEVA.Mellanox Technologies Revenue Miss Draws DowngradeShares of Mellanox Technologies are bracing for a 6.6% drop out of t...Read More
Dow Jones Industrial Average (DJIA) futures are higher this morning, as the index appears ready to bounce back from its worst session in over a month. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also modestly higher, as traders eye earnings from Ford Motor (F) and Twitter (TWTR), to name just two, and await reports from techtitans Microsoft (MSFT), Alphabet (GOOGL), and Amazon (AM...Read More
The Dow Jones Industrial Average (DJIA) suffered its worst day since early September, falling triple digits as a result of lackluster earnings from Boeing (BA) and Coca-Cola (KO). The S&P 500 Index (SPX) also dipped following disappointing earnings from burrito chain Chipotle (CMG), while Advanced Micro Devices (AMD) earnings weighed on the Nasdaq Composite (IXIC).Meanwhile, Treasury yields rose...Read More