It could be a classic sell the fact moment for the stock market.
A postelection rally that carried the Dow Jones Industrial Average within a whisker of a round-number milestone and took other major indexes to all-time highs might be losing steam, leading some analysts to anticipate a near-term top that could roughly coincide with the inauguration of Donald Trump on Jan. 20.
Expectations that the president-elects administration will follow through on pledges to slash regulation, cut corporate taxes and boost infrastructure spending have contributed to the Trump trade, boosting stocks and triggering a sharp rotation into sectors expected to draw outsize benefit from those policies. Government bonds, like the 10-year Treasury note
TMUBMUSD10Y, -0.11%
sold off sharply on expectations for bigger deficits, stronger growth and higher inflation.
nyse stocks: ProShares Ultra Nasdaq Biotechnology(BIB)
Advisors’ Opinion:
- [By Jim Robertson]
Yesterday, our Elite Opportunity Pronewsletter suggested theProShares Ultra Nasdaq Biotechnology ETF (NASDAQ: BIB) as a way to play long term biotech bullishness with a short term caveat:
nyse stocks: Masimo Corporation(MASI)
Advisors’ Opinion:
- [By Keith Speights, Sean Williams, and Cory Renauer]
So when we asked three of our top healthcare contributors to name three of the best stocks to invest in healthcare, it’s not surprising that their responses listed companies in three different industries: medical device makerMasimo (NASDAQ:MASI), pharmacy services giant CVS Health (NYSE:CVS) and biopharmaceutical company Ligand Pharmaceuticals (NASDAQ:LGND). Here’s why these three healthcare stocks stand out as smart picks.
nyse stocks: Nuance Communications Inc.(NUAN)
Advisors’ Opinion:
- [By Lisa Levin]
Shares of Nuance Communications Inc. (NASDAQ: NUAN) got a boost, shooting up 10 percent to $17.05 after the company posted better-than-expected Q4 earnings. Raymond James upgraded Nuance Communications from Outperform to Strong Buy.
- [By Craig Jones]
On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Nuance Communications Inc. (NASDAQ: NUAN).
- [By Craig Jones]
On CNBC's Fast Money Halftime Report, Jon Najarian spoke about high options activity in Nuance Communications Inc. (NASDAQ: NUAN). Traders were buying the June 19 calls for $1. The trade breaks even at $20 or 2.20 percent above the closing price on Wednesday. Najarian followed the trade and he is going to hold the position for two weeks.
- [By Lisa Levin] Gainers
Marathon Patent Group Inc (NASDAQ: MARA) shares surged 30.2 percent to $5.01 after dropping 40.86 percent on Tuesday. Marathon Patent Group filed for sale of 1.85 million shares of common stock by selling stockholders.
Capricor Therapeutics Inc (NASDAQ: CAPR) shares jumped 17.2 percent to $2.25 after the company reported the FDA clearance of Investigational New Drug application for CAP-1002.
Rite Aid Corporation (NYSE: RAD) gained 13.2 percent to $2.15 following 16.5 percent rally on Tuesday.
Photronics, Inc. (NASDAQ: PLAB) shares climbed 11.8 percent to $10.45 after the company reported stronger-than-expected earnings for its fourth quarter.
China Distance Education Hldgs Ltd (ADR) (NYSE: DL) shares surged 11.3 percent to $8.67. China Distance Education reported Q4 profit of $5.9 million on revenue of $41.7 million.
Cytokinetics, Inc. (NASDAQ: CYTK) shares gained 11 percent to $8.05 after falling 7.05 percent on Tuesday.
Ooma Inc (NYSE: OOMA) shares surged 8.5 percent to $10.85 as the company posted strong Q3 results.
Nuance Communications Inc. (NASDAQ: NUAN) climbed 8 percent to $17.12 after the company reported stronger-than-expected results for its fourth quarter on Tuesday.
American Superconductor Corporation (NASDAQ: AMSC) surged 7.8 percent to $3.59 after the company reported $8 million in D-VAR system orders.
Thermon Group Holdings Inc (NYSE: THR) rose 6.3 percent to $24.17. William Blair upgraded Thermon Group from Market Perform to Outperform.
Domino's Pizza, Inc. (NYSE: DPZ) surged 6.1 percent to $182.88. Nomura upgraded Domino's from Neutral to Buy.
Xencor Inc (NASDAQ: XNCR) rose 5.9 percent to $21.17. Cantor Fitzgerald initiated coverage on Xencor with an Overweight rating.
Idera Pharmaceuticals Inc (NASDAQ: IDRA) gained 5.1 percent to $2.28 after the company disclosed that it has been granted FDA Fast Track designation for IMO-2125.
Regal Entertainment Group (NYSE: RGC) gained 5.1 percent to
nyse stocks: Castlight Health, inc.(CSLT)
Advisors’ Opinion:
- [By Todd Campbell]
Castlight Health (NYSE:CSLT)share price climbed 13.2% Wednesday after an SEC filing revealed that Maverick Capital had significantly boosted its stake in the company to 10.6%.
nyse stocks: Durect Corporation(DRRX)
Advisors’ Opinion:
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Wednesday's regular session.
