Tag Archives: TSLA

Top 10 Clean Energy Stocks To Watch Right Now

As the sad scenes from Southeast Texas fill TV screens, traders, as always, are taking positions. Oil prices dropped sharply in Monday’s trading and the front-month West Texas Intermediate crude contract is quoted at $46.72 as of this writing.  Sentiment in the oil pits reflects a belief that the damage to Gulf Coast refineries from Hurricane Harvey will cause a general clogging in the system, putting pressure on oil producers. Oil traders’ sentiment is notorious for day-to-day changes, but oil stock traders’ sentiment has been remarkably consistent in 2017: down.

A Sheriff’s boat rescues people after Hurricane Harvey caused heavy flooding in Houston, Texas on August 28, 2017. Rescue teams in boats, trucks and helicopters scrambled Monday to reach hundreds of Texans marooned on flooded streets in and around the city of Houston before monster storm Harvey returns. (MARK RALSTON/AFP/Getty Images)

Top 10 Clean Energy Stocks To Watch Right Now: Rubicon Technology, Inc.(RBCN)

Advisors’ Opinion:

  • [By Jim Robertson]

    On Thursday, our Under the Radar Moversnewsletter suggested shorting small cap LED semiconductor stockRubicon Technology (NASDAQ: RBCN):

    Rubicon Technology isn’t going to be a monster-sized winner for us, even if things go perfectly. About the best downside target we could hope for is the $0.60 area, where the stock was launched into an unsustainable uptrend a week ago. But, it’s a high-odds trade we can’t pass up. Yesterday’s doji bar after a big rally was a warning sign that we were transitioning into a net-selling environment. Today’s sharp pullback confirms we’re moving into that bearish mode.

Top 10 Clean Energy Stocks To Watch Right Now: Ameresco, Inc.(AMRC)

Advisors’ Opinion:

  • [By Jason Hall]

    WhenAmeresco Inc(NYSE:AMRC) reported financial and operating results for its fourth quarter and fiscal year 2016 on March 2, the market was ecstatic, pushing shares up more than 17% on a combination of beating analyst expectations for profits, a solid order backlog for future business, and continued optimism around infrastructure investment in coming years.

  • [By Manikandan Raman]

    There also some lesser known clean energy stocks that may witness downward movement on potential Trump win on negative sentiment. They include Pattern Energy Group Inc (NASDAQ: PEGI), Enviva Partners LP (NYSE: EVA), TerraForm Global Inc (NASDAQ: GLBL), Renewable Energy Group Inc (NASDAQ: REGI) and Ameresco Inc (NYSE: AMRC).

  • [By Lisa Levin]

    Shares of Ameresco Inc (NYSE: AMRC) got a boost, shooting up 16 percent to $6.05 after the company reported strong Q4 results.

    Navigator Holdings Ltd (NYSE: NVGS) shares were also up, gaining 23 percent to $13.50 on better-than-expected quarterly earnings.

Top 10 Clean Energy Stocks To Watch Right Now: Cray Inc(CRAY)

Advisors’ Opinion:

  • [By Giulio Prisco]

    Microsoft (NSDQ:MSFT), supercomputer maker Cray (NSDQ:CRAY), and the Swiss National Supercomputing Centre (CSCS), a world-class scientific computing center, announced the results of a deep learning collaboration that expands the horizons of running Artificial Intelligence (AI), Machine Learning (ML), and in particular Deep Learning (an especially promising branch of ML) applications, using Microsoft software and Cray supercomputers.

  • [By Jim Robertson]

    Cray Inc. (CRAY) has been one of those feast or famine small caps that have either made traders and investors a lot of money in recent years – or simply frustrated those who’ve held it for quite some time. However, at this point we think CRAY offers an attractive risk/reward opportunity on a long-term basis for investors interested in exposure to big data analytics and specifically super-computing – a growing need for large enterprise and institutions all over the world

  • [By Peter Graham]

    The Q4 2016 earnings report for small capsupercomputer stock Cray Inc (NASDAQ: CRAY) is scheduled forafter the market closes onWednesday (February 8th). Back in 2012, Cray Inc was inour SmallCap Network Elite Opportunity (SCN EO) portfolioasa potentially goodlow risk longer-term play as shares were trading at the $12 level and eventually hit $40+ per share before coming back down to earth last year.

  • [By Lisa Levin]

    Tuesday afternoon, the technology sector proved to be a source of strength for the market. Leading the sector was strength from Cray Inc. (NASDAQ: CRAY) and Mellanox Technologies, Ltd. (NASDAQ: MLNX).

Top 10 Clean Energy Stocks To Watch Right Now: Oshkosh Corporation(OSK)

Advisors’ Opinion:

  • [By Rich Smith]

      I first named Oshkosh my top stock pick back in September, when the stock cost $42 and change. Since then, the stock has gone down, and sells for $3 less. So am I supposed to dislike Oshkosh stock now?

    No. To the contrary, I like it even more. (About $3 more, in fact).

    You see, even in the process of picking Oshkosh back then, I warned investors: "I don’t know whether Oshkosh will be the best-performing stock in the world in the month of September, but I’ve got a strong hunch about the next six months." And that hunch remains — because the facts have not changed.

    This past summer, Oshkosh was named the winner of the Pentagon’s contract to build a next-gen "Humvee" — an armored Joint Light Tactical Vehicle that will serve the U.S. military for decades to come. Oshkosh won an initial award to produce 17,000 vehicles for $6.7 billion. Ultimately, though, this is a contract that could swell to $30 billion or more for production, maintenance, and upgrade of approximately 55,000 JLTVs across all military branches.

    So why hasn’t Oshkosh stock moved in response to the contract? Mainly because rival bidderLockheed Martin threw a monkey wrench into the contracts process, first protesting the JLTV award to Oshkosh, and then, when that protest was rejected, filing suit in court to try to win the contract away from its rival.

    Personally, I think Lockheed Martin will lose that suit as well. After all, Lockheed’s forte is in fighter jets, while Oshkosh is the military’s premier supplier of trucks like JLTV, as well as the Army’s M-ATV vehicle (a small, all-terrain MRAP). Perhaps recognizing this, AM General, the other company that bid against Oshkosh on JLTV and lost, declined to protest the award. Lockheed took the other road, but I expect it will be a dead end for Lockheed as well.


    Oshkosh (OSK) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $62 price target. The valuation is less attractive, as the stock is trading at 21x expected 2017 earnings, analysts said. 

  • [By Shanthi Rexaline]

    The six companies that met the criterion are:

    Oshkosh Corp (NYSE: OSK). Phillips 66 (NYSE: PSX). SpartanNash Co (NASDAQ: SPTN). Suncor Energy Inc. (USA) (NYSE: SU). Washington Federal Inc. (NASDAQ: WAFD). Barnes & Noble, Inc. (NYSE: BKS).

    Oshkosh is a manufacturer of specialty vehicles and vehicle bodies and is based in Wisconsin. The company operates under four business segments, namely access equipment, defense, fire and emergency, and commercial.

Top 10 Clean Energy Stocks To Watch Right Now: J.B. Hunt Transport Services Inc.(JBHT)

Advisors’ Opinion:

  • [By Lisa Levin]

    Here is the list of stocks going ex-dividend on August 3, 2016.

    J B Hunt Transport Services Inc (NASDAQ: JBHT) – $0.2200 dividend, 1.0791 percent yield
    Johnson Controls Inc (NYSE: JCI) – $0.2900 dividend, 2.6250 percent yield
    FirstEnergy Corp. (NYSE: FE) – $0.3600 dividend, 3.9680 percent yield
    Sunoco LP (NYSE: SUN) – $0.8255 dividend, 10.7347 percent yield
    Wells Fargo & Co (NYSE: WFC) – $0.3800 dividend, 3.1588 percent yield
    BP plc (ADR) (NYSE: BP) – $0.6000 dividend, 6.8768 percent yield
    American Airlines Group Inc (NASDAQ: AAL) – $0.1000 dividend, 1.1442 percent yield
    Heidrick & Struggles International, Inc. (NASDAQ: HSII) – $0.1300 dividend, 2.9834 percent yield
    Alcoa Inc (NYSE: AA) – $0.0300 dividend, 1.1321 percent yield
    Sensient Technologies Corporation (NYSE: SXT) – $0.2700 dividend, 1.5341 percent yield

    Posted-In: Ex-DividendNews Dividends Markets Trading Ideas

Top 10 Clean Energy Stocks To Watch Right Now: Spark Therapeutics, Inc.(ONCE)

Advisors’ Opinion:

  • [By Chris Lange]

    Spark Therapeutics Inc. (NASDAQ: ONCE) saw its shares take a big step back on Monday after the firm reported less than favorable results at the American Society of Hematology (ASH) annual meeting. Analysts have taken this opportunity to weigh in on the stock:

  • [By Lisa Levin]

    Shares of Spark Therapeutics Inc (NASDAQ: ONCE) were down 36 percent to $47.08 on preliminary SPK-8011 trial data.

    Athenex Inc (NASDAQ: ATNX) was down, falling around 13 percent to $13.95. Almirall and Athenex reported a strategic partnership to develop and commercialize KX2-391 in the U.S. and Europe.

  • [By Paul Ausick]

    Spark Therapeutics Inc. (NASDAQ: ONCE) dropped 44% Monday to post a new 52-week low of $41.06 after closing at $73.38 on Friday. The 52-week high is $91.75. Volume was around 13.5 million, nearly 30 times the daily average of about 480,000. The company’s hemophilia A drug posted disappointing trial results.

  • [By Jim Robertson]

    On Wednesday, our Elite Opportunity Pronewsletter suggested going long again on small cap gene therapy stock Spark Therapeutics (NASDAQ: ONCE):

    Financially, Spark Therapeutics has over $300M in cash on the books and no debt to speak of yet, which equates to a share price of just over four times cash. The Company has generated over $20M in revenue for the trailing twelve months, and although the Company is expected to continue to lose money for the next few years, any strong clinical data that hits the tape could rocket shares of ONCE overnight, just like we’ve seen with so many others over the years.

Top 10 Clean Energy Stocks To Watch Right Now: bebe stores, inc.(BEBE)

Advisors’ Opinion:


    Just in the past few weeks, Wall Street has seen bankruptcy filings from sporting goods retailer Gander Mountain, RadioShack successor General Wireless Operations, everyday value price department store operator Gordmans Stores (GMAN) and appliances, electronics and furniture retailer HHGregg (HGG) . Last Wednesday, children’s apparel retailer Gymboree cautioned it was running low on cash and may not survive. Sears Holdings Corp. (SHLD) voiced concerns on Tuesday about its ability to stay in business, while women’s apparel chain Bebe (BEBE) is reportedly on the brink of closing all 170 of its stores.

  • [By Lisa Levin] Related HTGM 20 Biggest Mid-Day Losers For Thursday 25 Stocks Moving In Thursday's Pre-Market Session HTG Molecular Diagnostics Obtains CE Mark for its HTG EdgeSeq ALKPlus Assay EU (GuruFocus)
    Related SSH 15 Biggest Mid-Day Gainers For Wednesday 12 Biggest Mid-Day Losers For Tuesday Healthcare – Top 5 Gainers / Losers as of 11:00 am (Seeking Alpha) Gainers
    HTG Molecular Diagnostics Inc (NASDAQ: HTGM) rose 63.6 percent to $3.50 in pre-market trading after the company disclosed that it has obtained CE marking in the EU for HTG EdgeSeq ALKPlus Assay.
    Sunshine Heart Inc (NASDAQ: SSH) rose 20.3 percent to $2.61 in pre-market trading after the company issued a business update regarding execution of its strategic growth plan.
    bebe stores, inc. (NASDAQ: BEBE) shares rose 11.1 percent to $4.29 in pre-market trading after the company disclosed that it is exploring strategic alternatives.
    Cancer Genetics Inc (NASDAQ: CGIX) rose 10.3 percent to $3.20 in pre-market trading after the company posted a narrower-than-expected quarterly loss.
    Five Below Inc (NASDAQ: FIVE) rose 8.8 percent to $41.50 in pre-market trading after the company reported better-than-expected earnings for its fourth quarter.
    FireEye Inc (NASDAQ: FEYE) rose 8 percent to $12.40 in pre-market trading. Goldman Sachs upgraded FireEye from Sell to Buy.
    PVH Corp (NYSE: PVH) shares rose 7.4 percent to $97.60 in pre-market trading after the company posted upbeat earnings for its fourth quarter and issued a strong earnings forecast.
    Bitauto Hldg Ltd (ADR) (NASDAQ: BITA) shares rose 7 percent to $26.00 in pre-market trading after dropping 1.30 percent on Wednesday.
    Pingtan Marine Enterprise Ltd (NASDAQ: PME) rose 6.6 percent to $4.50 in pre-market trading after gaining 0.48 pe

    Not helping matters was a continued drumbeat of retail death stories such as Payless possibly closing 500 stores, Bebe (BEBE) on the verge of shuttering 170 stores and Sears Holdings’  (SHLD) CFO spreading #fakenews in a new blog post that the retailer is a “viable” entity. It’s not, especially after the language it slipped in its new annual report on Tuesday. 

  • [By Lisa Levin]

    bebe stores, inc. (NASDAQ: BEBE) shares dropped 26 percent to $3.86. bebe stores will reportedly license www.bebe.com domain name, social media accts. and international wholesale agreements to one or more third parties, according to Reuters.

Top 10 Clean Energy Stocks To Watch Right Now: JAKKS Pacific, Inc.(JAKK)

Advisors’ Opinion:

  • [By Peter Graham]

    A long term performance chart shows shares of Hasbro, Inc largely trending upward while shares of peers like mid cap Mattel, Inc (NASDAQ: MAT) and small cap JAKKS Pacific, Inc (NASDAQ: JAKK) have largely trended downward:

  • [By Peter Graham]

    A long term performance chart shows shares of Hasbro, Inc largely going in one direction while shares of peers likemid cap Mattel, Inc (NASDAQ: MAT)and small cap JAKKS Pacific, Inc (NASDAQ: JAKK) have gone in the other direction:

  • [By Roberto Pedone]

    One under-$10 toy player that’s trending very close to triggering a major breakout trade is Jakks Pacific (JAKK), which is a producer and marketer of children’s toys and other consumer products. This stock has been destroyed by the bears so far in 2013, with shares off sharply by 60%.

    If you take a look at the chart for Jakks Pacific, you’ll notice that this stock has been downtrending badly for the last two months and change, with shares plunging from its high of $11.75 to its recent low of $4.82 a share. During that downtrend, shares of JAKK have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of JAKK look like they might be ready to see an end to its downside volatility in the short-term if the recent lows can hold. I believe this due to the fact that JAKK has started to move sideways and trend within range of triggering a major breakout trade.

    Traders should now look for long-biased trades in JAKK if it manages to break out above some near-term overhead resistance levels at $5.08 to $5.27 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 695,817 shares. If that breakout triggers soon, then JAKK will set up to re-test or possibly take out its next major overhead resistance levels at $5.68 to its 50-day moving average at $6.07 a share. Any high-volume move above its 50-day will then put $7 to $8 into range for shares of JAKK.

    Traders can look to buy JAKK off weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $4.87 to $4.82 a share. One can also buy JAKK off strength once it clears those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Top 10 Clean Energy Stocks To Watch Right Now: Mitsubishi Corporation (MSBHY)

Advisors’ Opinion:


    Automotive is moving well, up 14% y/y driven by HD Radio tech. The latter is included in an A list of important models, including Tesla Model 3, the Mitsubishi (OTCPK:MSBHY) Mirage and the Nissan (OTCPK:NSANY) Rogue. Their connected radio solution is also coming along nicely.


    Mitsubishi (OTCPK:MSBHY)

    Earlier in 2016, Mitsubishi released its 2017 i-MiEV. It is fully electric, with a 16 kWh lithium-ion battery pack and a range of 62 miles. Basically just a short trips car, as the range is really very low. Mitsubishi also has its popular plug in hybrid Outlander model that sells quite well. As stated last month, the company announced “plans to launch a compact EV with 250-mile range by 2020”. Mitsubishi is currently ranked 7th in global EV sales.


    Renault Nissan (OTC:RNSDF) (NSANY)/Mitsubishi (OTCPK:MSBHY) (MMTOF)

    On December 20, Green Car Reports reported: “Mitsubishi electric cars to use Nissan-Renault platforms.” Remember Mitsubishi has the US$22,995 all-electric 16 kWh iMiEV coming out in 2017.

Top 10 Clean Energy Stocks To Watch Right Now: Tesla Motors, Inc.(TSLA)

Advisors’ Opinion:

  • [By Kumar Abhishek]

    Tesla Inc(NASDAQ:TSLA) yesterday reported its Q4 and FY 2016 earnings. ThePalo Alto, California, based company was reporting its first earnings after the $2 billion acquisition of renewable energy company SolarCity (NASDAQ:SCTY). Tesla reported a wider than expected loss but a beat on revenues.The electric car maker said it lost 69 cents a share against analyst estimates of a loss of 53 cents a share. On the revenue front, the company reported $2.29 billion in revenues. Analysts were looking for a revenue of $2.19 billion. Theresponse of Tesla stock to the earnings was comparatively muted. Tesla stock gained by around 1.5% in the after hours. The movement in the stock was much lower than many were expecting. Tesla options had priced in a movement of 6% in either direction (which was higher than usual 5% move).


    A number of executives that have advocated staying in the Paris agreement and fighting climate change have also taken part in meetings and business councils with Trump. Tesla (TSLA) CEO Elon Musk said on Twitter on Wednesday that he will “have no choice but to depart” any Trump advisory councils if the president scraps the Paris agreement. He had previously defended his decision to meet with Trump as a chance to argue in favor of immigration and climate change policy but acknowledged “maybe nothing will happen.”

  • [By Daniel Sparks]

    While Tesla’s (NASDAQ:TSLA) fourth-quarter earnings release a few weeks ago included a handful of nuggets for investors, including the company’s current financial situation and management’s guidance for vehicle sales and capital spending in the first half of the year, Tesla’s lengthy earnings call arguably boasted some of the most important updates on the company.

  • [By Benzinga News Desk]

    Tesla Motors Inc (NASDAQ: TSLA) and Panasonic Corporation (ADR) (OTCMKTS:PCRFY) are set to begin manufacturing solar panels in Buffalo, New York. [Bloomberg] 

Thursdays Vital Data: General Electric Company (GE), United Pacific Corporation (UNP) and Tesla I

U.S. stock futures are heading higher this morning, as Wall Street looks to economic data and rising energy prices for inspiration. Crude oil futures are trending higher this morning after U.S. inventory data yesterday revealed an unexpectedly large decline in supply last week. Meanwhile, weekly jobless claims, advance November trade goods and the Chicago purchasing managers index arrive on the economic data front.

stock market todayHeading into the open, futures on the Dow Jones Industrial Average are up 0.14%. S&P 500 futures have added 0.07% and Nasdaq-100 futures have added 0.24%.

Turning to the options pits, Wednesday’s volume was anemic, with about 11.1 million calls and 8.5 million puts changing hands. The CBOE single-session equity put/call volume ratio fell to 0.55 and the 10-day moving average ticked higher to 0.57.

Taking a closer look at Wednesday’s options activity, General Electric Company (NYSE:GE) saw heavy volume after upping its stake in 3D printing company Arcam Aktiebolag. Meanwhile, United Pacific Corporation (NYSE:UNP) was flooded with call volume following a breakout above technical resistance. Finally, Tesla Inc (NASDAQ:TSLA) volume was mixed after KeyBanc slashed it’s Model 3 estimates.

Thursday’s Vital Options Data: General Electric Company (GE), United Pacific Corporation (UNP) and Tesla Inc (TSLA)investorplace.com/wp-content/uploads/2017/12/12-28-2017-Top-Ten-Options-300×137.png 300w, investorplace.com/wp-content/uploads/2017/12/12-28-2017-Top-Ten-Options-65×30.png 65w, investorplace.com/wp-content/uploads/2017/12/12-28-2017-Top-Ten-Options-200×91.png 200w, investorplace.com/wp-content/uploads/2017/12/12-28-2017-Top-Ten-Options-400×183.png 400w, investorplace.com/wp-content/uploads/2017/12/12-28-2017-Top-Ten-Options-116×53.png 116w, investorplace.com/wp-content/uploads/2017/12/12-28-2017-Top-Ten-Options-100×46.png 100w,https://investorplace.com/wp-content/uploads/2017/12/12-28-2017-Top-Ten-Options-109×50.png 109w, investorplace.com/wp-content/uploads/2017/12/12-28-2017-Top-Ten-Options-78×36.png 78w, investorplace.com/wp-content/uploads/2017/12/12-28-2017-Top-Ten-Options-170×78.png 170w” sizes=”(max-width: 549px) 100vw, 549px” />

General Electric Company (GE)

GE sparked a bit of excitement from investors yesterday when it upped its stake in 3D printing company Arcam Aktiebolag to 95% from 77%. GE also noted that it would  eventually will take complete ownership of the Swedish company.

General Electric said it views the acquisition as additive to its current businesses, as 3D printing is used in everything from jet engine parts to medical instruments.

GE options traders appeared to view the news in a positive light. Volume ticked higher to 214,000 contracts, with calls accounting for 59% of the day’s take.

However, GE’s January 2018 put/call open interest ratio rose from 0.50 yesterday to 0.53 today. In other words, puts were added at a faster rate than calls in the front-month series, signalling a bearish shift in sentiment.

United Pacific Corporation (UNP)

Stock in railroad company United Pacific extended its recent tear higher on Wednesday, breaking out above former resistance at $135. UNP stock has soared nearly 36% higher since bottoming near $100 in late July.

Continued economic growth in the U.S. and a strong industrial sector have helped push UNP steadily higher. United Pacific also pays out its quarterly dividend today — 66.5 cents to shareholders of record as of the close on Nov. 30 — so this could also help explain yesterday’s surge in options volume.

Overall, UNP volume soared to 121,000 contracts, or more than five times the stock’s daily average options activity. Calls accounted for 96% of the day’s take.

Options traders are surprisingly bullishing on UNP heading into January. Currently, the January 2018 put/call OI ratio rests at a lowly 0.35, with calls nearly tripling puts among front-month options.

Tesla Inc (TSLA)

TSLA shares fell 1.78% on Wednesday after KeyBanc slashed its estimates for Model 3 deliveries. KeyBanc now expects just 5,000 Model 3s to arrive in the fourth quarter, down from prior expectations of 15,000 units. Analysts expect Tesla delivery and production numbers to arrive within the next week or so.

TSLA options traders were mixed on the news. Volume came in at 118,000 contracts, with calls making up just 54% of the day’s take. Overall, TSLA’s January 2018 put/call OI ratio rests at 1.47, with puts easily outnumbering calls among front-month options.

Peak put OI for the series totals 19,600 contracts at the deep-in-the-money $250 strike, while peak call OI numbers nearly 14,000 at the overhead $400 strike.

As of this writing, Joseph Hargett did not hold a position in any of the aforementioned securities.

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3 Big Stock Charts for Wednesday: Apple Inc., Tesla Inc and Best Buy Co Inc

Will Santa Claus deliver the seasonal rally that investors have been accustomed to? The rally, for those unaware of the details, is supposed to occur over the last five trading days of the year and the first two days of the New Year. So far there hasn’t been a glimmer of hope for the rally as the S&P 500 has moved lower.

Part of the draw lower continues to be large cap technology stocks, which are experiencing losses thanks to doubts that the technology stock dominance will continue into 2018.

Among the laggards in the tech sector are headliners like Apple Inc. (NASDAQ:AAPL) and Tesla Inc (NASDAQ:TSLA). Meanwhile, the stronger-then-expected retail results have brick-and-mortar retailers like Best Buy Co Inc (NYSE:BBY) punching through to new highs.

Here are the technical game plans for each of these stocks:

Apple Inc. (AAPL)

Apple Inc. (AAPL)investorplace.com/wp-content/uploads/2017/12/171227-AAPL-Daily-300×180.png 300w, investorplace.com/wp-content/uploads/2017/12/171227-AAPL-Daily-50×30.png 50w, investorplace.com/wp-content/uploads/2017/12/171227-AAPL-Daily-200×120.png 200w, investorplace.com/wp-content/uploads/2017/12/171227-AAPL-Daily-400×241.png 400w, investorplace.com/wp-content/uploads/2017/12/171227-AAPL-Daily-116×70.png 116w, investorplace.com/wp-content/uploads/2017/12/171227-AAPL-Daily-100×60.png 100w, investorplace.com/wp-content/uploads/2017/12/171227-AAPL-Daily-83×50.png 83w, investorplace.com/wp-content/uploads/2017/12/171227-AAPL-Daily-78×47.png 78w,https://investorplace.com/wp-content/uploads/2017/12/171227-AAPL-Daily-170×102.png 170w” sizes=”(max-width: 700px) 100vw, 700px” />

The headline news regarding lighter-than-expected sales of the iPhone X are bringing AAPL shares from the top of what has become a daunting trading range. Apple stock is now sitting at the bottom of that same range, in a must-win situation that is likely to determine whether 2018 starts on a 10% rally or selloff.

Since the beginning of November, AAPL shares have been locked in a tight trading range between $170 and $175. This range has had a tight grip on Apple stock; however, the early December trip to $170 chipped-away at the support level, indicating that the next test would be more critical. Overhead, the shorter-term trendlines are beginning to move into bearish patterns. This suggests that AAPL stock is falling victim to fast technical selling as it approaches its critical 50-day moving average. The 50-day currently sits just under $170. A break below this trendline is going to bring a large increase in selling pressure for Apple. The Chande Trend Meter is now registering neutral readings for AAPL stock; the last neutral signal we saw from the indicator was just ahead of the decline from $160 to $148 in September. Tesla Inc (TSLA)

Tesla Inc (TSLA)investorplace.com/wp-content/uploads/2017/12/171227-TSLA-Daily-300×134.png 300w, investorplace.com/wp-content/uploads/2017/12/171227-TSLA-Daily-65×30.png 65w, investorplace.com/wp-content/uploads/2017/12/171227-TSLA-Daily-200×89.png 200w, investorplace.com/wp-content/uploads/2017/12/171227-TSLA-Daily-400×178.png 400w, investorplace.com/wp-content/uploads/2017/12/171227-TSLA-Daily-116×52.png 116w, investorplace.com/wp-content/uploads/2017/12/171227-TSLA-Daily-100×45.png 100w, investorplace.com/wp-content/uploads/2017/12/171227-TSLA-Daily-112×50.png 112w, investorplace.com/wp-content/uploads/2017/12/171227-TSLA-Daily-78×35.png 78w,https://investorplace.com/wp-content/uploads/2017/12/171227-TSLA-Daily-170×76.png 170w” sizes=”(max-width: 700px) 100vw, 700px” />

Elon Musk is firing-up the P.R. and headline machine as TSLA shares are slumping into the year-end trade. This is a pattern that Tesla traders are used to seeing as the hype behind new product announcements, or in this case hints, are often used to shore-up the price when it starts to lag the market.

In this case though, TSLA stock has three bearish technicals working against it.

Since the peak in September, Tesla stock has put in a lengthening series of lower highs and lower lows. This is a telltale sign that traders are exiting TSLA stock on any strength by selling into rallies. Tesla stock’s 50-day moving average turned bearish in mid-October at the same time the stock was unable to break back above this key trendline. After a brief stint above this trendline this month, TSLA shares have broken lower again. This strengthens the bearish case against Tesla stock. The stock’s 50- and 200-day moving averages just completed a bearish “Death Cross” pattern. This indicates that TSLA stock’s long-term trend is becoming more negative as momentum leads to the downside. Best Buy (BBY)

Best Buy (BBY)investorplace.com/wp-content/uploads/2017/12/171227-BBY-Daily-300×227.png 300w, investorplace.com/wp-content/uploads/2017/12/171227-BBY-Daily-40×30.png 40w, investorplace.com/wp-content/uploads/2017/12/171227-BBY-Daily-200×151.png 200w, investorplace.com/wp-content/uploads/2017/12/171227-BBY-Daily-396×300.png 396w, investorplace.com/wp-content/uploads/2017/12/171227-BBY-Daily-116×88.png 116w, investorplace.com/wp-content/uploads/2017/12/171227-BBY-Daily-100×76.png 100w, investorplace.com/wp-content/uploads/2017/12/171227-BBY-Daily-165×125.png 165w, investorplace.com/wp-content/uploads/2017/12/171227-BBY-Daily-66×50.png 66w,https://investorplace.com/wp-content/uploads/2017/12/171227-BBY-Daily-78×59.png 78w, investorplace.com/wp-content/uploads/2017/12/171227-BBY-Daily-158×120.png 158w” sizes=”(max-width: 700px) 100vw, 700px” />

The surprise (again) for this shopping season is that the brick-and-mortar retail shopping stores continue to thrive in the holiday season. Companies like BBY and Target Corporation (NYSE:TGT) once again displayed that shoppers actually enjoy getting out and milling through the wares to find the perfect gift.

Best Buy shares are now trading back at their highs, a trend that they started this time last year. Is it time to exit BBY shares?

Shares of Best Buy have been moving in a parabolic rally from the beginning of November to today. The holiday shopping results are giving BBY stock, and many other retailers, a boost.  Historically, this rally moves into early January and then sees some “sell the news” pressure. Recently, Best Buy shares lost ground in January. Over the last five years, the “sell the news” seasonality for BBY stock has it finishing January in the green only 40% of the time and the average performance for the January is a loss of 3.5%. This indicates that Best Buy heads into the New Year with a strong headwind. The current technical charts for BBY suggests that a seasonally weak January will likely push the stock towards support at $62, a decline of about 10% that would count for a “healthy correction” by most technical traders’ books. Traders may want to watch this as a level to buy Best Buy shares.

As of this writing, Johnson Research Group did not hold a position in any of the aforementioned securities.

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Top 10 High Tech Stocks To Own Right Now

Older workers who are job hunting, perhaps to switch careers or pursue “bridge” jobs before full retirement, have a wealth of experience to draw on. But how can you ensure that the positive attributes of a long career, such as building knowledge and honing skills, don’t morph into the negative headwinds of age discrimination? Happily, there are steps you can take, from tightening your r茅sum茅 to prepping for interviews, to battle age bias head on.

SEE ALSO: 6 Reasons to Work Past Retirement Age

Dealing with potential age discrimination on the job hunt is a challenge, and a recent U.S. Supreme Court action may make it more difficult for some older workers to prove they were rejected because of their age when they applied for jobs. The Court in June let stand a lower court ruling that found the Age Discrimination in Employment Act, a 50-year-old federal law designed to protect older workers from bias, doesnt extend to job applicants in all circumstances.

Top 10 High Tech Stocks To Own Right Now: Ultragenyx Pharmaceutical Inc.(RARE)

Advisors’ Opinion:

  • [By Jon C. Ogg]

    Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) was indicated down 7% at $72.85 on Thursday due to results from a seizure medication study. It was downgraded to Neutral from Overweight at Piper Jaffray, and Wedbushlowered its target for the stock.

  • [By Johanna Bennett]

    Nothing guts a drug stock like bad clinical trial data. Shares of Ultragenyx Pharmaceutical (RARE) fell as much as 10% after a seizure medication failed in a phase II study.

    Trading at a recent $72.22, the shares were down 7.7% after earlier falling as much as 10% to $70.51

    The seizure drug UX007 was tested as a treatment for glucose transporter type-1 deficiency syndromeor Glut1 DSamong a small group of patients. Data released Wednesday showed that it only cut the rate of seizures in the drug arm by 13.4% compared to the placebo arm, falling short of statistical significance.

    Investigators, though, teased out a clinically — though not statistically — significant benefit for patients experiencing what are called absence seizures. Ultragenyx now intends to focus on that in a Phase III pivotal trial.

    Leerik analyst Joseph Schwartz called the selloff a buying opportunity.

    We had been cautious on this asset (and its two programs – G1DS and long-chain fatty acid oxidation disorder/LC-FAOD; LINK) – but believe the selling pressure after mkt. presents a buying opportunity ahead of a more de-risked X-linked hypophosphatemia (XLH) Ph.3 data in 1H17.

    Cowen analyst Eric Schmidt remained convinced of RAREs long-term prospects thanks to a diversified orphan disease pipeline. And analysts at Credit Suisse see more catalysts ahead in 2017.

    We are buyers on a pullback and we like RAREs setup for the remainder of 2017…Remaining 2017 catalysts keep us buyers on a pullback: We see Q2:17 KRN23 ph3 adult XLH data, H1:17 rhGUS FDA/EMA submission, potential KRN23 CHMP decision in mid-17 (based on late-2016 EMA submission/validation), H2:17 Ace-ER ph3 GNEM data, and potential KRN23 FDA submission in late-17/early-18 as upcoming catalysts worth owning for.

  • [By Lisa Levin] Related Mid-Afternoon Market Update: CytomX Therapeutics Climbs Following Bristol-Myers Squibb Partnership; Medgenics Shares Slide 15 Biggest Mid-Day Losers For Monday Cerulean Pharma's (CERU) CEO Chris Guiffre on Cerulean and Dar茅 Proposed Transaction (Transcript) (Seeking Alpha)
    Related Mid-Afternoon Market Update: Cancer Genetics Gains After Q4 Results; Heat Biologics Shares Slide Mid-Day Market Update: Dow Rises Over 50 Points; Tandem Diabetes Care Shares Plunge Tandem Diabetes prices stock offering at $1.25; shares off 19% premarket (Seeking Alpha)
    Cerulean Pharma Inc (NASDAQ: CERU) shares dipped 27 percent to $0.817. Cerulean Pharma shares have dropped 60.28 percent over the past 52 weeks, while the S&P 500 index has gained 15.31 percent in the same period.
    Tandem Diabetes Care Inc (NASDAQ: TNDM) shares tumbled 24.2 percent to $1.17. Tandem Diabetes Care priced 18 million share offering at $1.25 per share.
    Alphatec Holdings Inc (NASDAQ: ATEC) shares fell 21.1 percent to $2.10 as the company reported a $18.9 million private placement.
    Heat Biologics Inc (NASDAQ: HTBX) shares dropped 15.5 percent to $0.870. Heat Biologics priced its 5 million share offering at $0.80 per share.
    Rave Restaurant Group Inc (NASDAQ: RAVE) shares fell 15 percent to $1.76.
    QuickLogic Corporation (NASDAQ: QUIK) shares declined 12.2 percent to $1.58. QuickLogic priced its 10 million share offering at $1.50 per share.
    Orion Engineered Carbons SA (NYSE: OEC) shares dropped 9.5 percent to $19.10. Orion Engineered Carbons reported a 5 million common stock secondary offering.
    Interpace Diagnostics Group Inc (NASDAQ: IDXG) shares fell 8.7 percent to $2.61 after the company reported debt restructuring and agreed to eliminate its royalty and mileston

Top 10 High Tech Stocks To Own Right Now: The Bon-Ton Stores, Inc.(BONT)

Advisors’ Opinion:

  • [By Paul Ausick]

    The Bon-Ton Stores Inc. (NASDAQ: BONT) dropped about 3.3% Thursday to post a new 52-week low of $0.31 after closing Wednesday at $0.32. The 52-week high is $1.98. Volume was around 10 million shares traded, about 100 times the daily average of around 100,000. The struggling retailer had no specific news.

  • [By Peter Graham]

    The Q3 2016 earnings report for small cap department store stock The Bon-Ton Stores, Inc (NASDAQ: BONT)is scheduled for before the market opens on Thursday (November 17th) as traditional department stores continue to struggle to figure out how to attract costumers into their stores as online giants increasingly become thedominant retail players.

  • [By Peter Graham]

    The Q4 2016 earnings report for small cap department store stock The Bon-Ton Stores, Inc (NASDAQ: BONT)is scheduled for before the market opens on Tuesday (March 14th). In January, The Bon-Ton Stores announced that its comparable store sales for the nine-week holiday period ended December 31, 2016 had decreased 3.1% -in line with guidance. The CEO commented:

  • [By Adam Levine-Weinberg]

    Lastly, there are a few department-store chains that have been struggling mightily. Sears tops the list, of course. Bon-Ton Stores (NASDAQ:BONT) and Neiman Marcus are also in serious trouble. All three chains have too much debt and have been reporting some of the worst sales results in the industry.

Top 10 High Tech Stocks To Own Right Now: Omega Protein Corporation(OME)

Advisors’ Opinion:

  • [By Lisa Levin]

    Omega Protein Corporation (NASDAQ: OME) shares dropped 21 percent to $20.65 after the company posted weak Q4 earnings.

    Shares of Endeavour Silver Corp (NYSE: EXK) were down around 22 percent to $3.41. Endeavour Silver reported a Q4 loss of $5.2 million.

  • [By Lisa Levin]

    Omega Protein Corporation (NYSE: OME) was down, falling around 20 percent to $17.47 after the company reported weaker-than-expected results for its fourth quarter.

Top 10 High Tech Stocks To Own Right Now: Bonanza Creek Energy, Inc.(BCEI)

Advisors’ Opinion:

  • [By Dustin Parrett]

    As a service to our readers, we’ve put together a list of 10 cheap oil stocks under $5. Here are the stocks, share prices, and year-to-date (YTD) returns for each:

    Vallourec Sp (OTCMKTS ADR: VLOWY); $1.42; +13.6% YTDIthaca Energy Inc. (TSE: IAE); $1.93; +14.5% YTDSandRidge Permian Trust (NYSE: PER); $3.45; +16.95% YTDGeopark Ltd. (NYSE: GPRK); $5.06; +17.4% YTDGastar Exploration Inc. (NYSEMKT: GST); $1.89; +22.26% YTDAscent Resources Plc. (LON: AST); $2.11; +25.53% YTDErin Energy Corp. (NYSEMKT: ERN); $3.94; +29.1% YTDChesapeake Granite Wash Trust (NYSE: CHKR); $3.25; +38.3% YTDSouthcross Energy Partners LP (NYSE: SXE); $2.27; +68.15% YTDBonanza Creek Energy Inc. (NYSE: BCEI); $2.27; +122.55% YTD

    This list of oil stocks contains some highly speculative plays, so we can’t recommend buying them.

  • [By Paul Ausick]

    SandRidge Energy Inc. (NYSE: SD) emerged from an $8.3 billion bankruptcy in October 2016 while Bonanza Creek Energy Inc. (NYSE: BCEI) emerged in April after clearing up about $1.4 billion in debt. On November 15, SandRidge agreed to pay $746 million for Bonanza Creek and on November 22, Carl Icahn announced that he had acquired a 13.5% stake in SandRidge and said he intends to vote against the “nonsensical Bonanza transaction.”

  • [By Lisa Levin]

    Bonanza Creek Energy Inc (NYSE: BCEI) shares dropped 53 percent to $0.929 after the company reported that it has entered into a restructuring support agreement with bondholders holding more than $400 million in unsecured debt. The company also disclosed that it will commence its prepackaged bankruptcy case on or before January 5, 2017.

Top 10 High Tech Stocks To Own Right Now: Allied World Assurance Company Holdings, AG(AWH)

Advisors’ Opinion:

  • [By Lisa Levin]

    Here is the list of stocks going ex-dividend on Friday.

    Douglas Dynamics Inc (NYSE: PLOW) – $0.2350 dividend, 2.9183 percent yield
    Tiffany & Co. (NYSE: TIF) – $0.4500 dividend, 2.6758 percent yield
    PulteGroup, Inc. (NYSE: PHM) – $0.0900 dividend, 1.7078 percent yield
    Leidos Holdings, Inc. (NYSE: LDOS) – $0.3200 dividend, 3.0851 percent yield
    Tupperware Brands Corporation (NYSE: TUP) – $0.6800 dividend, 4.1756 percent yield
    Hudson Pacific Properties Inc (NYSE: HPP) – $0.2000 dividend, 2.36

  • [By Elizabeth Balboa]

    The insurance firms of Allied World Assurance Company Hldgs Ltd (NYSE: AWH) and Fairfax Financial extended the offering period for purchase of outstanding Allied World shares from June 30 to July 5.

Top 10 High Tech Stocks To Own Right Now: Quanta Services, Inc.(PWR)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Clinton 15 stock basket (DBUSCLNT): UnitedHealth Group (UNH), Humana (HUM), McKesson (MCK), Aecom (ACM), Quanta Services (PWR), ExxonMobil (XOM), Alcoa (AA), NextEra Energy (NEE), Cree (CREE), First Solar (FSLR), Facebook (FB), Netflix (NFLX), Prudential Financial (PRU), Citigroup (C), Union Pacific (UNP).

  • [By Chad Tracy]

    TransCanada is not the only company that stands to profit from the possible Keystone XL approval. Refiners such as Valero and LyondellBasell Industries (NYSE: LYB), as well as construction companies Deere & Co. (NYSE: DE) and Quanta Services (NYSE: PWR) all stand to gain if Keystone XL gets the green light.

Top 10 High Tech Stocks To Own Right Now: Xplore Technologies Corp(XPLR)

Advisors’ Opinion:

  • [By Monica Gerson]


    General Mills, Inc. (NYSE: GIS) is expected to report its quarterly earnings at $0.60 per share on revenue of $3.86 billion.
    Pier 1 Imports Inc (NYSE: PIR) is projected to post a quarterly loss at $0.05 per share on revenue of $420.05 million.
    Acuity Brands, Inc. (NYSE: AYI) is estimated to report its quarterly earnings at $2.03 per share on revenue of $847.79 million.
    Monsanto Company (NYSE: MON) is projected to report its quarterly earnings at $2.40 per share on revenue of $4.49 billion.
    Worthington Industries, Inc. (NYSE: WOR) is expected to report its quarterly earnings at $0.64 per share on revenue of $692.48 million.
    Progress Software Corporation (NASDAQ: PRGS) is projected to post its quarterly earnings at $0.29 per share on revenue of $94.64 million.
    UniFirst Corp (NYSE: UNF) is estimated to report its quarterly earnings at $1.34 per share on revenue of $366.28 million.
    Exfo Inc (NASDAQ: EXFO) is expected to post its quarterly earnings at $0.06 per share on revenue of $60.87 million.
    OMNOVA Solutions Inc. (NYSE: OMN) is projected to report its quarterly earnings at $0.14 per share on revenue of $205.40 million.
    8Point3 Energy Partners LP (NASDAQ: CAFD) is estimated to post a quarterly loss at $0.01 per share on revenue of $11.60 million.
    Park Electrochemical Corp. (NYSE: PKE) is expected to report its quarterly earnings at $0.22 per share on revenue of $35.30 million.
    Xplore Technologies Corp. (NASDAQ: XPLR) is projected to post its quarterly earnings at $0.01 per share on revenue of $24.00 million.
    Investors Real Estate Trust (NYSE: IRET) is expected to post its quarterly earnings at $0.14 per share on revenue of $56.87 million.
    Tel-Instrument Electronics Corp. (NYSE: TIK) is estimated to post earnings for the latest quarter.
    Aethlon Medical, Inc. (NASDAQ: AEMD) is expected to post a quarterly loss at $0.20 per share.
    Ossen Innovation Co Ltd (ADR) (NASDAQ: OSN) is projected to post ea

Top 10 High Tech Stocks To Own Right Now: Tesla Motors, Inc.(TSLA)

Advisors’ Opinion:

  • [By Spencer Israel]


    Riot Blockchain Inc (NASDAQ: RIOT) – The Jan. 2015 high of $15.72 is the only resistance it has.
    General Electric Company (NYSE: GE) -The low of the move is a double bottom at $17.46 and  $17.50. That’s support.
    Overstock.com Inc (NASDAQ: OSTK) – The February 2005 high was $58.24, which is the only relevant resistance up here. On weakness, keep an eye on the all-time closing high of $56.65 made on Monday.
    Advance Auto Parts, Inc. (NYSE: AAP) – Is trying to fill the gap from earnings between $82.82 and $94.75.
    Tesla Motors Inc (NASDAQ: TSLA) – It needs to clear Friday’s close of $315.05 and Monday’s high of $315.50 to find support.
    Urban Outfitters, Inc. (NASDAQ: URBN) – There was a double close at $27.90 from Friday and $28.27 from Monday, so that’s resistance.
    DSW Inc. (NYSE: DSW) -The premarket low was $18.40. There are also four daily lows at the $18.40 area from early November, and the low of the move is $17.89.
    Signet Jewelers Ltd. (NYSE: SIG) – the premarket low was $61.50, which was the low of the move. There’s daily lows at the $61 area from mid-August, and another pair of lows at $60. Below that, there’s a gap area down to $52.95.
    Lowe’s Companies, Inc. (NYSE: LOW)- The Friday low was $79.17, and a pair of lows from Wednesday and Thursday at $78.27 and $78.23.
    Campbell Soup Company (NYSE: CPB) – The buy zone is between $45-$46. The low of the move was $44.99, flanked by the $45.14 low the following day.
    Dollar Tree, Inc. (NASDAQ: DLTR) – $99.93 and a big psychological number at $100.
    Burlington Stores Inc (NYSE: BURL) – The Monday low was $104.55. The all-time high and all-time closing high are $106.55 and $106.89, respectively. 
    Exxon Mobil Corporation (NYSE: XOM) – Big triple bottom at $80.

    Watch the full show below!

  • [By Ben Levisohn]

    Tesla (TSLA) needs to spend a lot money to keep growing. It has the Model 3 launch, the build out of its gigafactory and energy storage business, and plans for more cars, including a possible pickup truck. And when it released earnings, Tesla said it would like to build out its charging network.

    Getty Images

    That’s a problem, says UBS analyst Colin Langan and team, who ran the math on what it would cost for Tesla to make its charging stations as convenient as a gas station. Business Insider’s Matthew DeBord summarizes:

    “The UBS Evidence Lab estimated that the average drive time to the nearest TSLA Supercharger is 31 minutes vs. the average drive time to the nearest gas station of only 4 minutes,” [Langan] wrote.

    The bottom line, according to Langan, is that to “match the convenience of the US gas infrastructure, TSLA would need to add 30k Superchargers, costing ~$8bn.”

    Investors, however, haven’t seemed perturbed about Tesla’s cash needs. Its shares have ticked up 0.1% to $250.73 at 2:40 p.m. today.

  • [By Vikram Nagarkar] Tesla Inc (NASDAQ:TSLA) stock looks set to head higher today, backed by record deliveries and bullish technical triggers.

    Shares of Palo Alto, California-based Tesla Inc (NASDAQ:TSLA)look set to end the day higher, following the company’s record quarterlyvehicle deliveries in Q1 this year. What’s more, the stock also looks poised for an uptick based on bullish signals from technical indicators. The coming few days could well be a happy period for Tesla shareholders, as Tesla is also expected to share additional news surrounding its rumored Model Y, which is expected to be a smaller, cheaper version of its SUV, the Model X. All in all, owners of TSLA stock seem to be in for a good week ahead.

Top 10 High Tech Stocks To Own Right Now: Compagnie Financiere Richemont SA (CFRHF)

Advisors’ Opinion:


    That’s good news to the luxury goods sector – from Swiss watches to high fashion and expensive cognac – for which Chinese consumers make up around 30 percent of all global sales. In a note to investors, analysts at investment firm Exane BNP Paribas expects growth to continue to trend upwards during 2017, with Swatch Group (OTCPK:SWGAY), Richemont SA (OTCPK:CFRHF), and Burberry (OTCPK:BURBY) the companies most likely to gain.

Top 10 High Tech Stocks To Own Right Now: Nektar Therapeutics(NKTR)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Nektar Therapeutics (NKTR) has soared 21% to $18.80 after positive results from a pain-killer trial.

    Tiffany (TIF) has gained 1.6% to $93.90 after getting upgraded to Outperform from Market Perform at William Blair.

  • [By Lisa Levin]

    Shares of Nektar Therapeutics (NASDAQ: NKTR) got a boost, shooting up 38 percent to $21.33 after the company reported that it has met its primary and secondary endpoints in Phase 3 Summit-07 study for chronic pain.

  • [By Sean Williams]

    Shares of Nektar Therapeutics (NASDAQ:NKTR), a biopharmaceutical company that utilizes its proprietary intellectual property via licensing deals and through collaborations in the clinical development process to help fight cancer, autoimmune diseases, and chronic pain, surged as much as 20% on Thursday after the company reported its fourth-quarter and full-year results after the closing bell on Wednesday.

  • [By Todd Campbell]

    Nektar Therapeutics (NASDAQ:NKTR) is an intriguing commercial-stage biotech company that’s just reported positive late-stage trial results for its pain-busting drug NKTR-181. However, shares have jumped on the news, and the company’s market cap has swollen to more than $3 billion. Is there more running room left for its investors?

Wednesdays Vital Data: Micron Technology, Inc. (MU), Tesla Inc (TSLA) and Alibaba Group Holding L

U.S. stock futures are headed toward record highs once again this morning. Senate Republicans passed the tax bill and sent it back to the House for approval. The tax plan had several budget rules violations that the Senate stripped out. The House is expected to vote on the plan today and send it to President Trump’s desk for signing this week.

stock market todayWith the tax plan now on the verge of implementation, Wall Street is in rally mode once again. Heading into the open, futures on the Dow Jones Industrial Average are up 0.34%, with S&P 500 futures gaining 0.31% and Nasdaq-100 futures rising 0.38%.

Options volume died off on Tuesday. Only about 14.8 million calls and 12.2 million puts changed hands on the session. The CBOE single-session equity put/call volume ratio rose to 0.53 and the 10-day moving average held at 0.58.

Turning to Tuesday’s options activity, Micron Technology, Inc. (NASDAQ:MU) drew heavy call volume ahead of last night’s quarterly earnings report. Meanwhile, Tesla Inc (NASDAQ:TSLA) options were mixed despite a new order for 125 semi-trucks from United Parcel Service, Inc. (NYSE:UPS). Finally, Alibaba Group Holding Ltd (NYSE:BABA) is getting double-teamed in China as Tencent Holdings Limited (OTCMKTS:TCEHY) and JD.com, Inc. (NASDAQ:JD) team up against the country’s biggest e-commerce retailer.

Wednesday’s Vital Options Data: Micron Technology, Inc. (MU), Tesla Inc (TSLA) and Alibaba Group Holding Ltd (BABA)

Micron Technology, Inc. (MU)

Micron put to rest the recent analyst reports of a slowdown in semiconductor demand. Micron reported quarterly earnings of $2.45 per share on revenue of $6.80 billion. Revenue was up 71% year-over-year and bested Wall Street’s target for sales of $6.39 billion. Earnings topped the consensus by 25 cents per share.

What’s more, operating cash flow surged 220% from the same quarter last year to $3.64 billion. In the accompanying conference call, Micron CEO Sanjay Mehrotra said, “Micron’s strong results were driven by double-digit sequential revenue growth in mobile, server and SSD applications, with expanded gross margins and improved profitability.”

MU options traders were bullish heading into the report. Volume rose to 408,000 contracts, with calls making up 68% of the day’s take. Looking out to January 2018, MU options traders remain quite bullish. The January 2018 put/call open interest ratio currently rests at 0.63, with calls on the verge of doubling puts among back-month options. Peak call OI for the series totals more than 96,000 contracts and rests at the overhead $50 strike.

Tesla Inc (TSLA)

TSLA stock extended its recent decline on Tuesday, dropping roughly 2.3% to test support near $330. The decline came despite UPS announcing a pre-order of 125 electric semi-trucks from Tesla. It was the largest such order to date, outstripping Pepsico’s order of 100 semi-trucks last week.

TSLA options traders appeared reluctant to jump on board with Tesla on Tuesday. Volume rose to 151,000 contracts, with calls only accounting for 59% of the day’s take. That said, put OI is falling in the January 2018 series.

The put/call OI ratio for January 2018 arrives at 1.51 this morning, down from 1.53 on Wednesday last week. A continued unwinding of this pessimism could have a buoying effect on TSLA stock.

Alibaba Group Holding Ltd (BABA)

The problem with being at the top is that it places a rather large target on your back. Both Tencent and JD.com have taken aim at Alibaba by taking out large stakes in online discount retailer Vipshop Holdings Limited (NYSE:VIPS). Tencent is investing $604 million for a 7% stake in Vipshop, while JD.com is investing $259 million for a 5.5% stake.

The pairing of China’s largest messaging and online gaming company with the country’s No. 3 online retailer didn’t seem to phase BABA options traders too much. Options volume on BABA stock rose to 159,000 contracts, with calls snapping up 66% of the day’s take.

Furthermore, call OI is rising faster than put OI in the January 2018 series. The back-month put/call OI ratio has fallen from a reading north of 1.0 back in November to its current perch at 0.93.

That said, with BABA off about 11% since its November highs, this activity may be the result of profit taking. Traders should keep a close eye on BABA options activity for signs of rising call activity to see if the shares are expected to rebound from their current retreat.

As of this writing, Joseph Hargett did not hold a position in any of the aforementioned securities.

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