Stocks are trading lower this afternoon, despite a brush with record highs this morning. Among the stocks making big movesare pharmaceutical concerns Mallinckrodt PLC (NYSE:MNK),Keryx Biopharmaceuticals (NASDAQ:KERX), and Five Prime Therapeutics Inc (NASDAQ:FPRX). Here's a quick look at what's moving shares of MNK, KERX, and FPRX.Mallinckrodt Stock Falls on Disappointing Drug SalesMallinckrodt sto...Read More
Canadian Solar Inc. (NASDAQ:CSIQ) will report third-quarter earnings before Thursday's opening bell. Given how sector peer First Solar (FSLR)rallied in late October after earnings, the solar company's earnings reaction is highly anticipated. Here's a closer look at CSIQ stock's performance lately, and how options traders are positioning themselves ahead of earnings.Although the Guggenheim Solar ET...Read More
After again touching record highs this morning, the Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) have pulled back sharply. Investors are digesting the latest round of earnings reports, and the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) for September, which remained near record levels. Next up is an afternoon speech from departing Fed...Read More
Shares of Blue Apron Holdings Inc (NYSE:APRN) are spiraling today, after Weight Watchers (WTW) said it will test a meal-delivery service -- throwing its hat in an increasingly crowded space that includes Amazon (AMZN). At last check, APRN stock was down 16.4% at $3.29, fresh off a record low of $3.24. Nevertheless, call volume is accelerated, with a number of options traders eyeing a quick rebound...Read More
Bank stock Morgan Stanley (NYSE:MS) recently pulled back to its ascending 40-day moving average, which has marked buying opportunities in the past. Despite the recent dip, the equity is up more than 18% year-to-date, and over 52% year-over-year, outperforming the broader S&P 500 Index (SPX) and the Financial Select Sector SPDR Fund (XLF). What's more, the shares are trading above $46, which is hal...Read More
U.S. stocks are trading modestly higher this morning, with the major equity indexes hitting fresh record highs out of the gate. Among the stocks making moves are drug concern Valeant Pharmaceuticals International Inc (NYSE:VRX), enterprise software provider Salesforce.com, Inc. (NYSE:CRM), and drybulk shipping company Diana Containerships Inc (NASDAQ:DCIX). Here's a closer look at what's moving sh...Read More
Analysts are weighing in on athleisure stock Under Armour Inc (NYSE:UAA), Oprah-endorsed Weight Watchers International, Inc. (NYSE:WTW), and homemade goods platform Etsy Inc (NASDAQ:ETSY). Here's a quick roundup of today's bullish brokerage notes on shares of UAA, WTW, and ETSY. Susquehanna Upgrades Under Armour StockUnder Armour stock was upgraded to "neutral" from "negative" at Susquehanna, send...Read More
Analysts are weighing in on travel stocks Priceline Group Inc (NASDAQ:PCLN) and Tripadvisor Inc (NASDAQ:TRIP), as well as online car-shopping service TrueCar Inc (NASDAQ:TRUE). Here's a quick roundup of today's bearish brokerage notes on PCLN, TRIP, and TRUE.Priceline Shares Tank on Disappointing GuidanceDespite the travel company's third-quarter earnings and revenue beat, Priceline stock is dow...Read More
Dow Jones Industrial Average (DJIA) futures are sluggish, but pointed slightly higher this morning. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also flat, after the indexes touched record highs yesterday. Earnings season continues to chug along, while markets await theLabor Department's latest Job Openings and Labor Turnover Survey (JOLTS), due out at 10:00 a.m. ET. President T...Read More
The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) each touched record highs today, even as telecom stocks sank after Sprint (S) ended merger talks with T-Mobile (TMUS). Instead, traders cheered takeover chatter in the chip sector, after Broadcom (AVGO) made an unsolicited $103 billion buyout bid for Qualcomm (QCOM), and energy stocks rallied with oil pric...Read More
Semiconductor stocks have been red-hot lately, between an AMD-Intel partnershipand Broadcom's unsolicited buyout bid for Qualcomm. Amid all of the action, the VanEck Vectors Semiconductor ETF (SMH) hit a record high of $104.20 today, last seen up 1% at $104.04. Below, we will examine SMH's record run and see how options traders have been positioning themselves. Today's milestone is the cherry o...Read More
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