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
Analysts are weighing in on shoe retailers Finish Line Inc (NASDAQ:FINL) and Foot Locker, Inc. (NYSE:FL), as well as department store Nordstrom, Inc. (NYSE:JWN). Here's a quick roundup of today's bearish brokerage notes on FINL, FL, and JWN stocks.Cowen Downgrades FINL Stock on 'Skyrocketing' PromotionsFinish Line stock is down 12.3% to trade at $8.77, after Cowen downgraded the stock to "under...Read More
Analysts are weighing in on semiconductor stock Nvidia Corporation (NASDAQ:NVDA), alternative energy company Canadian Solar Inc. (NASDAQ:CSIQ), and immunotherapy concern Dynavax Technologies Corporation (NASDAQ:DVAX). Here's a quick roundup of today's bullish brokerage notes on shares of NVDA, CSIQ, and DVAX. Another Earnings Beat Could Mean Record Highs for NVDA StockNvidia stock is on pace to...Read More
Dow Jones Industrial Average (DJIA) futures are slumping again this morning, after the index snapped its seven-day win streakyesterday. Concerns over the Senate's proposed plan to delay corporate tax cuts until 2019 -- different from the bill making its way through the House -- is spooking both S&P 500 Index (SPX)and Nasdaq-100 Index (NDX) futures as well, setting all three indexes up for weekly...Read More
It was a gloomy day on Wall Street today, with the Dow Jones Industrial Average (DJIA) down more than 250 points at its session low. The S&P 500 Index (SPX), and Nasdaq Composite (IXIC) also spent the day in the red, amid disappointing retail earnings, a struggling tech sector, and concerns about GOP tax reform. Specifically, stocks reacted to reports that Senate Republicans' tax plan -- expected...Read More
Stocks are trading lower this afternoon, amid rising concerns that Senate Republicans' tax plan could delay corporate tax cuts to 2019. Among the stocks making big movesare online discount retailer Overstock.com, Inc. (NASDAQ:OSTK), biotech company Marinus Pharmaceuticals Inc (NASDAQ:MRNS), and tech concern Infinera Corp. (NASDAQ:INFN). Here's a quick look at what's moving shares of OSTK, MRNS,...Read More
Semiconductor stocks have dominated headlines lately, thanks to Broadcom's (AVGO) unsolicited buyout bid for Qualcomm (QCOM) and news Intel (INTC) has acquired a former Advanced Micro Devices (AMD) exec. The sector will remain in focus following Nvidia's (NVDA) earnings report -- due after tonight's close -- and one chip stock that should not be ignored is Micron Technology, Inc. (NASDAQ:MU). Belo...Read More
The stock market's lack of volatility in 2017 has made headlines lately, with the S&P 500 Index (SPX) enjoying a slow, steady grind to record highs. In fact, the last time the SPX dropped 3% or more was June 24, 2016, during the Brexit panic. Against this backdrop, we decided to break down a four-legged options strategy that allows you to capitalize on a period of muted, low-volatility price acti...Read More
Tech stocks have had a blowout year, as evidenced by the price action in the PowerShares QQQ Trust (QQQ). Heading into today's trading, the shares were up 30.4%, and topped out at a record high of $154.54 yesterday. Today, the overbought fund -- whose 14-day Relative Strength Index (RSI) closed last night at 76 -- is down 1.2% at $152.57 as the broader stock market sells off on concerns over Senat...Read More
Wall Street will be busy in the last full week before the Thanksgiving holiday. In the lead-up to November options expiration on Friday, a number of Fed officials are slated to speak throughout the week, while several high-profile economic reports -- including retail sales and the consumer price index (CPI) -- are due. Additionally, several Dow components will take their late-season turn on the ea...Read More
Retailers are in the spotlight this week, with stocks like Kohl's (KSS) and Fossil (FOSL) taking a hit after earnings. Friday morning, traders will digest quarterly results from sector peer JC Penney Company Inc (NYSE:JCP). Here's a closer look at what traders are expecting from the retail shares ahead of earnings.Earnings History Isn't on J C Penney's SideJ C Penney stock has tanked this year...Read More
Stocks are struggling today, with the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all well below breakeven. Stock traders' risk-off attitude comes as worries surrounding the Republican tax plan persist ahead of the release of a revised version from the Senate. Investors are digesting the latest round of earnings, too, including a weak report from retailer...Read More
Retail stocks have been in focus, with Kohl's (KSS) trading lower today following a disappointing earnings report. While Best Buy Co Inc (NYSE:BBY) won't step into the earnings confessional for another week, the electronics retailer recently ran into a trendline that has had bullish implications in the past. If history repeats itself, shares of BBY could break outin the coming weeks, just in tim...Read More
Alibaba Group Holding Ltd (NYSE:BABA) will host its annual Singles Day this Saturday, Nov. 11 -- the world's largest shopping day of the year. The event grossed a record $17.8 billion in sales last year, easily surpassing Amazon's Prime Day. While the shares are down 1.5% today to trade at $183.10, it looks like options traders are betting a Singles Day boost will send BABA stock barreling to new...Read More
U.S. stocks are trading lower this morning, pressured by the prospect of a delay in Republican tax reform. Among the stocks making moves today are discount retailer Kohl's Corporation (NYSE:KSS), biopharmaceutical company SAGE Therapeutics Inc (NASDAQ:SAGE), and drug concern Otonomy Inc (NASDAQ:OTIC). Here's a closer look at what's moving shares of KSS, SAGE, and OTIC.Kohl's Falls on Earnings Mi...Read More
Caterpillar Inc. (NYSE:CAT) has been running up the charts over the past 10 months -- up 47% year-to-date, and one of the best Dow stocks so far in 2017. However, this upside momentum could soon stall out, if history is any guide. And with short-term options attractively priced at the moment, it may be a good time to buy puts on -- or short -- CAT stock.Taking a closer look at Caterpillar's techni...Read More
Analysts are weighing in on telecom CenturyLink Inc (NYSE:CTL), pharmaceutical stock Opko Health Inc. (NASDAQ:OPK), and social media issue Snap Inc (NYSE:SNAP). Here's a quick roundup of today's bearish brokerage notes on CTL, OPK, and SNAP.CenturyLink Stock Sinks to New Low on Earnings Miss, Cut ForecastCenturyLink stock is down 7.8% to trade at $14.99, and hit a seven-year low of $14.75 earlier...Read More
Analysts are weighing in on payments processor Square Inc (NYSE:SQ), biopharmaceutical company Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY), and TV streaming platform provider Roku Inc (NASDAQ:ROKU). Here's a quick roundup of today's bullish brokerage notes on shares of SQ, ALNY, and ROKU. Analysts Hike Price Targets on Square Stock After EarningsSquare last night posted better-than-expected thi...Read More
Dow Jones Industrial Average (DJIA) futures are down nearly triple digits this morning, pulling back after the index notched its seventh straight win yesterday. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also lower, despite all three indexes closing at record highs yesterday. Investors are starting to express concern over possible delays to Republican tax reform, though Senate GO...Read More