|Bid||355.05 x 2200|
|Ask||355.89 x 800|
|Day's Range||354.35 - 369.69|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||40.82|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||8.22 (2.32%)|
|1y Target Est||410.32|
If you are looking for some fresh investing inspiration, look no further. Hedge funds have just revealed their second quarter trades, and the results are now in. RBC Capital has analyzed the 2Q19 13f’s of 363 major hedge funds with significant stakes in US equities. And from this data it has compiled a list of hedge funds’ most popular stocks right now i.e. stocks with the most hedge fund dollars invested. “In our experience, crowded names among active managers, including hedge funds, are usually crowded for a reason (good fundamentals). Most of our baskets of crowded names have outperformed since we started tracking the data at the end of 2010, and our stats can be used to make the case for hedge fund management” comments the firm. Nonetheless the firm does add that positioning is still a risk factor worth monitoring. After all, outperformance of popular hedge fund longs has occurred against the backdrop of strong growth leadership in the market “and may merely reflect the underlying style bias of the market that has been in place” says RBC Capital. Notably 60% of the list falls in TIMT (technology, internet, media and telecommunications), down from 70% last quarter.Here we take a closer look at five top stocks that feature in the Top 20 list. What’s more all these stocks also score a ‘Strong Buy’ analyst consensus, based on all the ratings over the last three months. Let’s see which five stocks make the grade now: 1\. Microsoft (MSFT)Microsoft refused to give up its no. 1 position in the second quarter. It remains the most popular hedge fund stock- despite a sizable decline in the number of funds owning the stock (for the second quarter in a row). Indeed, RBC Capital reveals that hedge funds still hold a whopping $18,131 million of Microsoft shares. That’s with 29% of the 363 funds that it examined holding MSFT stock. Luckily for these funds MSFT scores a firm ‘Strong Buy’ analyst consensus. That's with a $154 average price target (15% upside potential). Out of 24 analysts covering MSFT right now, 22 are bullish with only 1 hold rating and 1 sell rating (from long time MSFT bear Jefferies' John Difucci). “We maintain a bullish stance on MSFT as one of our top cloud ideas to own in 2019 based on a multiyear transformation of the model driven by commercial cloud revenue that could reach $100B in CY23 from a $44B run-rate today” celebrated KeyBanc analyst Brent Bracelin after the company reported a solid revenue beat on commercial cloud growth of 39% y/y.Aptly calling his report ‘On Cloud Nine’, the analyst reiterated his MSFT buy rating while ramping up the price target from $143 to $155. Fiscal 4Q19 results impressed as it sustained double-digit growth for the eighth consecutive quarter, despite a material two-point FX headwind, summed up Bracelin. 2\. Facebook (FB)Facebook shifted up a notch in the second quarter. The social media giant is now the third favorite hedge fund stock, up from fourth place in Q1. That’s due to Alphabet Inc (GOOGL) slipping from 2 to 4 in the quarter after seeing a double-digit decline in ownership. In contrast, six new funds bought into FB in Q2.According to RBC Capital, 34% of the funds it tracks hold Facebook stock, while the total value of the holding comes out at $16,191 million (so still quite a way off Microsoft). Analysts share this bullish outlook. With 33 out of 36 analysts calling FB a buy, the $234 average price target suggests over 30% upside lies ahead. Rosenblatt Securities analyst Mark Zgutowicz believes that the demand picture for FB properties could not be stronger. “We maintain our Buy rating and $242 PT on FB shares and would be aggressive buyers on any weakness related to the 4Q guide deceleration” he instructed investors recently. Demand for the feeds remains high, says Zgutowicz, given stellar ROAS [return on ad spend] and Stories ad tests are steadily progressing at still a low bar for the stock. “Our checks with direct response advertisers continue to point to stellar ROAS on the triple strength targeting platform of News Feed (NF), Messenger and Instagram” he concluded. 3\. Netflix (NFLX)Netflix is hedge funds’ fifth most popular stock. Funds have now invested a jaw-dropping $10,504 million in the stock, with two new funds creating NFLX positions in Q2. As a result, just over a fifth of the funds polled hold NFLX in their portfolio. So does this mean we have a buying opportunity at hand? After all the stock has pulled back significantly following disappointing earnings results. According to the Street, the answer seems to be yes. The stock is showing a Strong Buy consensus with an average price target of $423. This translates into considerable upside potential of 45%. “It’s still early in the quarter, but data through July looks solid (rebound from 2Q),” commented SunTrust Robinson’s Matthew Thornton on August 19. “Google searches (on keyword “Netflix”) and mobile app downloads for the month also show nice upticks vs 2Q19 and back toward or above the 1Q19 high-water-mark.”Although NFLX lost 126,000 US customers in the second quarter, Thornton believes popular series like Sacred Games, The Crown and Peaky Blinders can help stem the losses. With this in mind, the analyst reiterated his NFLX buy rating and $402 price target. A similar message comes from Bernstein analyst Todd Juenger. “The defining question for investors coming out of Netflix [second quarter] is whether the subscriber miss was simply natural variation (tied to a price increase) in a long-term growth trajectory, in other words a ‘blip,” he told investors. “We think the case for ‘this is a blip’ is compelling.” Clearly hedge funds think so too. 4\. Boeing (BA)Boeing was a new name to the Top 20 hedge fund list in Q2. The world’s largest aerospace company now features in 19% of the 363 funds in RBC’s study (with 9 funds creating new positions in the quarter). These funds own a total of $5,458 million of BA stock.And on the whole analysts would approve of the fund enthusiasm for BA. If we look at only the Street’s best-performing analysts, the consensus works out at ‘Strong Buy.’ Plus the $429 average analyst price target indicates 20% upside lies ahead. Of course, all eyes are on Boeing’s 737 Max plane, which suffered two fatal crashes in a five-month span and is currently grounded. According to Bloomberg, there about 600 planes now out of service. However, the Federal Aviation Authority (FAA) just indicated that the model could be ungrounded come October. “We continue to support the FAA and global regulators on the safe return of the Max to service,” Boeing said in a statement. Following the latest news, five-star Cowen & Co analyst Cai Rumohr reiterated his buy rating with a bullish $460 price target (29% upside potential). He sees a 3-to-1 positive risk-reward around the FAA certification, and expects the stock to react to early indicators of success/failure.“MAX recovery profile looks intact, and FAA certification flight could be 4-6 weeks off -- a key milestone for the stock” Rumohr said. “Traffic growth, 787 demand, 777x schedule are "watch" items; but they are offset by robust 787 cash generation.” Bottom line: BA remains the analyst’s top pick for cash flow per share of $30+ (9-10% yield) in 2020 & 2021. 5\. Union Pacific Corp (UNP) Union Pacific is a leading railroad franchise, covering 23 states in the western two-thirds of the United States. Like BA, UNP is a new addition to the Top 20 list of hedge fund stock holdings. Eight new funds created UNP positions in Q2, while the total $ value owned now stands at $5,157 million. We can also see that 15% of funds in RBC’s study own Union Pacific.So what’s driving this wave of bullish sentiment? Well, the company just posted a 2Q EPS and EBIT beat and a record operating ratio despite being significantly hindered by flooding. “We raise our estimates and PT and continue recommending UNP as a top pick” five-star Cowen & Co analyst Jason Seidl wrote following earnings. He now sees shares hitting $184 vs his previous $180 price target. “UNP is one of the best managed North American Class I railroads and the only western one that is publicly traded” stated Seidl. With the hire of Jim Vena as COO, he believes the company is on its way to revenue improvement.That’s thanks to the adoption of Precision Scheduled Railroading (PSR). Created by the late Hunter Harrison, PSR refers to the principle of generating extra revenues by using fewer railcars and locomotives. According to Seidl, UNP's precision scheduled railroading rollout is on the right track so far. He notes, for instance, a 10% increase in train length that has seen UNP increase their parked locomotives to 2,150. Find analysts’ favorite stocks with the Top Analysts’ Stocks tool
Is Boeing (BA) preparing to get the 737 MAX back up and running? If its latest move is any indication, the answer is yes. The aircraft manufacturer recently said it would begin to hire hundreds of temporary workers to help facilitate the re-launch of the MAX, which has been grounded since earlier this year after two fatal crashes were blamed on the airplane’s safety systems. These employees will include mechanics, technicians and electricians as all MAX airplanes will need to be equipped with new software to fix the troubled MCAS safety system. Though it remains unclear when exactly the planes will be ready for takeoff, the FAA could approve the planes for flight by the end of the year. 5-star Cowen analyst Cai Rumohr expects Boeing to be in the clear soon, as he maintains an Outperform rating on BA stock, along with $460 price target. For perspective, Boeing’s stock closed at $356.01 today, so this implies upside of about 30%.Since the grounding of the MAX in March, Boeing has hit many hurdles in its re-development of its MCAS software. But the signs are pointing that the airplane will be cleared for take off by the end of the year, with Rumohr saying an “FAA certification flight could be 4-6 weeks off.” While Boeing hasn’t provided much in terms of updates recently, the analyst says, “no news is good news.” Rumohr and the Cowen airline team surveyed North American MAX operators on delivery and RTS plans, with the common plan to “take what Boeing can deliver or ~80+ planes to get them to their initial y/e 2019 targets.” Southwest, American and United are readying for the arrivals of the MAX airline by this year or early next, but Boeing will still fall well-short of the 270 MAX planes Rumohr had estimated for 4Q19 delivery. Nonetheless, the analyst says if the FAA, EASA and Transport Canada all approve the MAX around the same time, “demand shouldn't be the gating factor to MAX deliveries in Q4.”All in all, though Boeing stock took a major hit this year as its new flagship aircraft was grounded, many on Wall Street believe the good times will return once the MAX problems are fixed. TipRanks analysis of 15 analyst ratings shows this long-term confidence, with a consensus Moderate Buy. Of the 15 analysts, 11 are Buying, while four are Holding. There is an average price target of $427.92, representing nearly 20% upside from current levels. (See BA's price targets and analyst ratings on TipRanks)
Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to "start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.". The stakes are high: U.S. companies invested a total of $256 billion in China between 1990 and 2017, compared with $140 billion Chinese companies have invested in the United States, according to estimates by the Rhodium Group research institute. Some U.S. companies had been shifting operations out of China even before the tit-for-tat tariff trade war began more than a year ago.
Wall Street is still nervous and for good reason. The economic global wars are escalating especially between the US and China. Just Friday and ahead of the G7 meetings, China announced resuming its tariffs on US autos. So the politicians continue to pick on headline scabs and cause upside breakout setups to fail at inopportune moments. Simply put, homework is hostage to headlines during this period.Nevertheless, here are the top stocks trades for today: Roku (NASDAQ:ROKU), Aurora Cannabis (NYSE:ACB), VMware (NYSE:VMW), Boeing (NYSE:BA), and Salesforce.com (NYSE:CRM). Top Stock Trades for Monday No. 1: ROKUInvestorPlace - Stock Market News, Stock Advice & Trading TipsThere is too much love for the ROKU stock. So I shorted it almost exactly at the top. My thesis was simple but I think it's time to change my mind on that.Short term, there could be more downside perhaps to close to the open gap at $110. But eventually my take on it is to stop selling the rips and buying the dips in ROKU stock. So I would chase it back to new highs if it closes above $143 per share.Meanwhile, ROKU stock fell on Friday but there should be support down to 133 and $127 per share. Below that it could trigger the gap fill move. So I wait patiently for the level breaks and chase them in that direction. * 7 Retail Stocks to Buy on the Dip Fundamentally, I've been a critic of Roku because they've been in business for 16 years and they still haven't figured out how to be sustainability profitable. But maybe that was because the environment wasn't conducive for their business model.Now that Netflix (NASDAQ:NFLX) established fact that the world wants to cut the cord and stream content, Roku has a better setup because it aggregates content so there will be strong demand for its services. based on this, it's better to trade the ROKU stock than try to judge it on its lack of success in the past. The future prospects are not going to be like what has happened most of those 16 years. Top Stock Trades for Monday No. 2: Aurora Cannabis (ACB)Cannabis stocks are falling off a cliff after incredible hulk blah last year. But one stock stood out among all the high-profile names of late. ACB stock has held up better than most. This is not to say it's doing well except in relation to the rest. Even Canopy Growth (NYSE:CGC) which was once considered the cream of the crop cannot find the bottom. They are all in a technical breakdown patterns setting lower lows for weeks.Meanwhile ACB stock has been managed to hold just above a bearish pattern trigger. It even manage to set a few higher-lows recently. But since its chart is still in a negative channel, then I expect at some point that trend line will break up words.But the immediate goal for bulls is to hold ACB from triggering a bearish pattern that would target $4.70 per share. They can do that by holding above $5.50 now. Else there might be more pain ahead.Eventually and if pot stocks have any future, I expect that the sectors rebounds and ACB stock should lead the charge. It's closest to that since it's showing relative strength now. So this stock is on the watch list and the upside triggers could start as early as $6.20 per share. If that happens it would invite more momentum buyers and cause shorts to cover and book their profits.Since the bulls of ACB stock have so far been able to maintain the line in such negative sector-wide action, the upside scenario looks a little more likely than the breakdown. If I am long ACB stock and have not bailed on it, now is not the time to do it for the same reasons stated here. Top Stock Trades for Monday No. 3: VMware (VMW)VMW stock has had a terrible year so far. It's lagging behind since it's only up half as much the S&P 500. Moreover, VMW is down 30% from the March highs. But the opportunity to buy VMW stock is fast approaching. On Friday the stock fell 8% on a decent earnings headline.It has fallen so far that it is reaching a long term pivot zone. These are usually support because bulls and bears have a history of tough fights there. This creates congestion and should give the VMW stock bulls the chance to stabilize the stock and mount their bounce rally.Specifically, VMW stock is just above the last two bottoms around the Christmas corrections. So unless there is something new developing these should hold. VMW $130 per share was pivotal in early 2018 and it should again play an important part soon.Since they don't ring bells at bottoms, I can start a long position with an appropriate stop. It's best to see VMW stock rise above $145 to trigger some buying to accelerate. Conservatively, I can wait it out until a clear trough develops but the downside risk from the charts seems reasonably low. Top Stock Trades for Monday No. 4: Boeing (BA)BA stock was almost impossible to short. Every dip was a buying opportunity. But the sad events of the Boeing 737 Max crashes changed that fact. Now the headlines are more negatively impactful than positively.The headlines are fast and furious and the BA stock bulls are in pain.I would buy BA stock here but this is for the long term. This is after all still a duopoly where both suppliers are overbooked for a decade in advance. So these operational and political problems here are transitory. So this is a classic scenario of this too shall pass.BA stock sells at a 41 price to earnings ratio and pays a respectable dividend. So owning it at these levels is not paying for a lot of bloat. Most of the perceived froth has already been sold out of it.BA stock was up on Friday even though the stock markets were down almost 2%. So this is encouraging but there is a band of resistance through 380 per share. But if the BA bulls can push through it then they target a $50 rally from there. Top Stock Trades for Monday No. 5: CRMThis is the company that invented the cloud. It started years ago when no others were pursuing using the internet for business operations. They battled the behemoth Microsoft (NASDAQ:MSFT) and won. This should have been a sign that CRM stock had much higher levels to go.Indeed, it's is up 162% in five years. On Friday, CRM stock spiked another 5% on a reaction to an excellent earnings report (and then fell with the broader market). They beat all expectations and raised their forward guidance. This silenced a lot of criticism of their acquisitions efforts. Clearly this is a team that is executing on plans perfectly and the only way for the Salesforce.com stock is up. * Stock Market Today: Trump's Tweets Rattle Investors, Foot Locker Trips So If I am long the stock for the long term then I am lucky and stay in it. I personally had longs as a binary bet on the earnings and it paid quickly. But I would buy CRM stock when it closes above $161 per share. From their the upside potential is for another $15 rally in the next few months. There is some short term concern from the open earnings gap.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post 5 Top Stock Trades for Monday: ROKU, ACB, VMW, CRM, BA appeared first on InvestorPlace.
Experts from both private industry and public organizations weighed in on what's happening on the Space Coast during this OBJ event.
Investors waiting on encouraging comments from leaders such as Fed Chairman Jerome Powell and President Donald Trump did not get what they were hoping for Friday.Source: Shutterstock Stocks tumbled after President Trump took to Twitter (NASDAQ:TWTR) to -- you guessed it -- deride China AND the Fed. As I noted on Thursday, Powell's comments from the Jackson Hole economic conference today took on added importance after the FOMC minutes out earlier this week indicated the July rate cut doesn't mean more are coming. A pair of Fed governors affirmed that notion Thursday.Put simply, Powell's Wyoming remarks weren't dovish enough for the president or markets as evidenced by Friday's tumble. Trump pondered on Twitter "My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?"InvestorPlace - Stock Market News, Stock Advice & Trading TipsSpeaking of China, the world's second-largest economy is promising new tariffs on U.S. goods, an overture to which Trump had plenty to say."The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP," said the president on Twitter. "Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing .your companies HOME and making your products in the USA. I will be responding to China's Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop - it didn't. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!"All of that conjecture gets us to a glum end of the week with Nasdaq Composite sinking 3% while the S&P 500 lost 2.59%. The Dow Jones Industrial Average slid 2.37%. In late trading, just one Dow stock was in the green: Boeing (NYSE:BA). Too Many Losers on the DowIn late trading, 19 of the 29 Dow offenders were lower by 2% or more, underscoring just how bad of day it was for equities. Among those losers were plenty of tariff-sensitive names, including Apple (NASDAQ:AAPL), which was the worst performer in the Dow today with a loss of 4.62%.In other news, it's hard to get excited about a stock like Nike (NYSE:NKE) on a day when trade tensions surge and Foot Locker (NYSE:FL) plunges on bad earnings. Shares of Nike reflected as much with a Friday slide of 3.33%, but at least one analyst defended the athletic apparel giant. Guggenheim named Nike to its "best ideas" list today.The research firm said "the company is positioned well to maneuver through tariff risks, and that Nike's latest earnings and robust product pipeline were impressive. Also of note, Nike has joined 31 other major retailers in signing a pact for better environmental efforts, which will be presented at this weekend's Group of Seven (G-7) summit," according to Schaeffer's Investment Research.In the search for good news today, one that was difficult as it pertains to members of the Dow Jones Industrial Average, another tidbit I have to offer up is Betsy Graseck, global head of banks and diversified finance research at Morgan Stanley, making some bullish comments on Dow components American Express (NYSE:AXP) and JPMorgan Chase (NYSE:JPM) in an interview with Barron's.Graseck highlighted JPM's big buybacks as earnings booster and the ability of American Express to weather a recession thanks to its more affluent clientele.In other glum news, oil prices traded lower and already-struggling shares of Exxon Mobil (NYSE:XOM) were hit wit a downward price target revision with UBS paring its forecast on the stock to $75 from $87. That new target still implies some decent upside from today's close for the largest domestic oil company. Bottom Line on Dow Jones TodayI don't like sounding alarm bells, but the president's comments directed toward China today are very hard to retract. To be fair, he's on point when it comes to the fentanyl issue, but ordering U.S. companies to stop manufacturing in China is a gambit that will not bear fruit anytime soon.This trade war, now reaching new, ominous heights, is likely to stoke recession speculation. The only good news there is that the Fed will likely attempt intervention via rate cuts.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Dow Jones Today: Hello Darkness, My Old Friend appeared first on InvestorPlace.
The FAA is looking for pilots with experience on the MAX to assist with simulator testing that will be required as part of the process of approving the jet's return to service.
U.S. stock futures are trading lower this morning after China said it would impose new tariffs on an additional $75 billion in U.S. goods. Another potentially market-moving event today is an address by Federal Reserve Chair Jerome Powell to economists that could provide further insight into the future path of interest rates.Source: Shutterstock Against this backdrop, futures on the Dow Jones Industrial Average are down 0.52%, and S&P 500 futures are lower by 0.50%. Nasdaq-100 futures have shed 0.75%.In the options pits, call volume won the day Thursday even as overall activity fell below-average levels. Specifically, about 14.8 million calls and 13.3 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, over at the CBOE, the spread between calls and puts narrowed, driving the single-session equity put/call volume ratio back up to 0.74 -- a one-week high. The 10-day moving average held its ground at 0.72.Options activity was buzzing in Gap (NYSE:GAP), Boeing (NYSE:BA) and Amazon (NASDAQ:AMZN), among others.Let's take a closer look: Gap (GPS)The drumbeat of retail earnings continued this morning with Gap. This season some companies like Target (NYSE:TGT) have dazzled while others like Macy's (NYSE:M) have disappointed. Gap split the difference posting mixed results. * 10 Stocks to Own Through a Global Recession For the fiscal second-quarter, the company raked in adjusted earnings-per-share of 63 cents versus estimates of 53 cents. On the top line sales came in at $4.01 billion versus $4.02 billion expected. Same-store sales were particularly disappointing, falling 4% versus an expected decline of 3.1%.GPS stock is trading down just shy of 5% premarket. Because it rallied a similar amount yesterday in anticipation of this morning's event, the damage isn't that bad. The price trend for Gap shares has been bearish for ages, and this report will do little to change the overall posture. If you are shopping in the land of retail stocks, I suggest steering clear of this one until it can at least break above short-term resistance levels such as the $19 zone.As far as options trading goes, speculators favored calls throughout the day. Activity zipped to a whopping 1,186% of the average daily volume, with 119,063 total contracts traded; 70% of the trading came from call options alone.Implied volatility was running hot ahead of this morning's report. At 73%, it was perched at the 100th percentile of its one-year range. Premiums were baking in a move of $2.23 or 12.6%. So with the stock only falling 4.8%, it's fair to say options buyers way overpaid for their wares. Boeing (BA)Negative news surrounding Boeing's 737 MAX jets has hounded the stock for months now. But yesterday the ailing aerospace juggernaut finally received some good news. According to a Reuters report, the company is planning to begin manufacturing 737 MAX jets again in February at an initial pace of 52 planes per month. The plans hinge on regulators giving the green light for the aircraft to fly once more.BA stock took flight on the news, climbing 4.2% on its highest volume session of the month. The gains were enough to carry the stock north of its 50-day moving average for the first time since last month's earnings ugliness ushered it to the south side of the indicator.Much work remains before BA stock reclaims its former glory, but Thursday's rally could be the first step in reversing its downtrend higher. Look for a run toward the next resistance zone at $380.On the options trading front, call popularity popped alongside the stock. Total activity grew to 67% of the average daily volume, with 211,756 contracts traded. Calls claimed 67% of the take.Implied volatility lifted slightly reflecting increased demand for derivatives. At 29% it now sits at the 30th percentile of its one-year range. Premiums are pricing in daily moves of $6.53 or 1.8% so set your expectations accordingly. Amazon (AMZN)Resistance hangs heavy over Amazon shares, rejecting yet another rally attempt on Thursday. The $1,830 zone has denied no less than five breakout bids over the past month. Yesterday marked the latest rejection ending with a bearish reversal candle. The descending 20-day moving average is also now exerting downward pressure on the shares.On a bright note, the clarity of where resistance lies makes it easy to identify when and if one should become bullish on AMZN stock. If we can close above $1,830, then swing away with bull plays. Otherwise, sellers hold the upper hand. * 7 Internet of Things Stocks to Buy Now The action on the options trading side wasn't all that exciting, and yet AMZN still landed atop the leaderboard. Calls outpaced puts by a slim margin despite the price drop. Activity fell short on the session adding to 92% of the average daily volume, with 153,276 total contracts traded. Calls accounted for 53% of the session's sum.Implied volatility held firm at 25% or the 10th percentile of its one-year range. Premiums are cheap, which increases the appeal of long option plays like debit spreads. Premiums are baking in daily moves of $28.59 or 1.6%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Friday's Vital Data: Gap, Boeing and Amazon appeared first on InvestorPlace.
Investing.com – Stocks tumbled Friday as the U.S.-China trade dispute intensified and President Donald Trump announced he was ordering U.S. companies with China facilities to move them somewhere else.
American Airlines (AAL) stock is going through turbulent times. AAL has lost 17.4% of its market value YTD, underperforming the broader market.
President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, sending U.S. markets down sharply in a new rhetorical strike at Beijing as trade tensions mounted. Trump cannot legally compel U.S. companies to abandon China immediately.
DOW UPDATE The Dow Jones Industrial Average is trading up Friday morning with shares of Boeing and UnitedHealth delivering the strongest returns for the price-weighted average. The Dow (DJIA) is trading 24 points higher (0.
Wall Street closed mixed on Thursday as investors waited for Fed Chair Jerome Powell???s speech scheduled on Aug 23 at the central bank's economic policy symposium in Jackson Hole, WY.
Stocks were back and forth, in the red and in the black, for the better part of Thursday's action. When push came to shove as the closing bell approached though, neither side of the table was doing much shoving. The S&P 500 closed a mere 0.05% lower yesterday.Source: Shutterstock It wasn't because some names didn't do their part. Boeing (NYSE:BA) rallied more than 4% after announcing it had won a respectable contract from the Department of Defense to upgrade wings on the more than a hundred A-10 attack aircraft. But, investors may have been further encouraged by word that the aircraft maker was planning on ramping up output of the beleaguered 737 MAX. That news suggests customers believe the passenger jet can be made safe.There were just too many names like Splunk (NASDAQ:SPLK) holding the market down. Shares of the software company fell nearly 8% despite a solid quarterly report, as Splunk also announced an acquisition investors aren't entirely convinced is a great idea for the $1 billion it's paying for the deal.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Own Through a Global Recession Neither are great prospects headed into Friday's trading, however. Rather, stock charts of Nvidia (NASDAQ:NVDA), Albemarle (NYSE:ALB) and HP (NYSE:HPQ) have earned closer looks. Here are those looks. HP (HPQ)HP shares have been all over the map since late last year, and weren't exactly a picture of stability for the better part of the past three years. The selloff since October, however, has not only been bearish, but well framed by clear support and resistance levels.The bad news is, that trading range is steering HPQ stock lower, and there's more downside to go before the floor is bumped into again. Perhaps worse, the bearish momentum is starting to build in a way that portends lower lows are imminent. * Click to EnlargeAlthough choppy, HP has framed a bearish channel, marked with yellow dashed lines on both stock charts. HPQ stock is moving towards that floor, but remains nearly two points above it right now. * It's not yet consistent, but the volume behind several of the most recent selloffs has been above average. * With no other framework in sight that could serve as a landing spot now; the next most likely technical floor is the Fibonacci retracement line at $15.85. Nvidia (NVDA)Nvidia was one of the hardest-hit names last year, sent lower in step with the broad market's weakness, which was exacerbated by a meltdown of the crypto-mining industry.NVDA stock has been working on a recovery since late last year though. It has not been able to form one just yet, but it continues to try. The end result is a well-made set of support and resistance lines. Better still, Nvidia stock is close to punching through the upper boundary. * 7 Internet of Things Stocks to Buy Now * Click to EnlargeThe support and resistance lines in question are marked as blue line on both stock charts. The upper boundary is being tested again this week. * Although not yet above straight-line support, this week NVDA stock has pushed its way back above the gray 100-day moving average line and the white 200-day line. * It has not yet firmed up, but there's above-average bullish volume materializing here and it has been enough to let the weekly chart's Chaikin line move back above the zero level. Albemarle (ALB)Finally, Albemarle has been in something of a nosedive since early last year. Although it has seen the occasional rebound effort, each one of them has been met by a move to lower lows.There has been a method to the madness, however. Each lower low and each lower high has contributed to the establishment of a well-defined, falling trading range. The current trajectory is clearly downward, but that doesn't necessarily mean ALB has to stay on the path. It does, however, suggest there's room for a little more downside before traders have to make a decision. * Click to EnlargeIt's plotted on both stock charts, with dashed blue lines. Either way, it's clear Albemarle shares are being squeezed into the tip of a narrowing wedge pattern that will force a decision. * Although the descending wedge is currently bearish, and the gray 100-day moving average line is now resistance, the whole move could fuel an explosive move higher if the upper boundary can be snapped. * And although the converging support and resistance could be building up a major breakout move, for the time being, ALB stock looks like it's aiming to test the lower boundary around $60, marked with a yellow arrow.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post 3 Big Stock Charts for Friday: HP, Nvidia and Albemarle appeared first on InvestorPlace.
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