Pandora's stock seems to have developed bulletproof resistance to concerns and keeps on rising, reports TheStreet.com.» Read More
Cemex has pulled back after a big run, and the bulls are noticing.
OptionMonster's tracking systems detected the purchase of 6,800 October 10 calls for $1.24. Volume was almost twice previous open interest at the strike, indicating that new money was put to work.
These calls lock in the price where shares can be purchased in the Mexican cement giant, letting investors cheaply control a move to the upside. The contracts can also be used to leverage a rally. For instance, a 26 percent move in the stock would more than double the value of the contracts.
There's nothing that Wall Street hates more than uncertainty, and investors may be wondering about Adobe as it makes a major transition in its business model.
Adobe—still the dominant leader in the multimedia software market—has been working to transform its business from the traditional "software sold in a box" to an online/cloud subscription-based model. So far the transition has gone well.
On Tuesday, the company will report results for its second quarter, and investors will be watching closely to see if the company can continue its momentum after a strong start to the year. The stock, trading at around $43, is up 25 percent so far this year.
Traders want to generate some profits with electricity producer Calpine.
OptionMonster's tracking programs detected the purchase of some 1,600 June 21 calls for $0.55 to $0.70. Volume was more than 10 times previous open interest at the strike, indicating that new positions were initiated.
These calls lock in the price where shares can be purchased, letting investors cheaply position for a rally before the end of the week. The contracts can also generate significant leverage, doubling or tripling from even a small gain in the underlying stock.
Wells Fargo has been the strongest and most consistent earnings performer among the "big six" U.S. banks over the past three years, but analysts have differing views on the stock.
Jefferies analyst Ken Usdin on Friday reiterated his buy rating for Wells Fargo, while raising his price target for the shares to $44 from $42, writing in a note to clients, "while the operating and regulatory environment is clearly challenging, revenue diversity and credit/expense leverage should allow the company to grow EPS going forward."
Meanwhile, Sterne Agee analyst Todd Hagerman on Friday downgraded Wells Fargo to a neutral rating from a buy, writing to clients that "although WFC's outlook remains constructive, particularly expense leverage tied to the company's efficiency initiative and legacy servicing/mortgage-related costs, earnings growth is clearly moderating into '14."
Intel options were active earlier in the week, and yesterday the buying hit right at the top of CNBC's "Fast Money Halftime Report."
OptionMonster's scanners detected heavy volume in the June 23 calls and the July 25s as traders once again rolled their positions to higher strikes in longer-dated contracts. This time, they sold the June 23s for $1.83 and bought the July 25s for $0.74.
These calls lock in the price where the chip maker's shares can be bought, so they can track movements in the stock price cheaply and leverage any rally. On Tuesday, they rolled up from the June 26s to the July 27s.
Coty opened for trading Thursday, ranking as the third-largest IPO of 2013, and the company's CEO, Michele Scannavini, spoke with CNBC's "Squawk on the Street" about the fragrance maker's strategy as a public company.
Coty shares hit the market at $17.50 and raised about $1 billion for the company, but dropped slightly on its trading debut, despite high interest from investors.
Apple shares may be down 20 percent year to date as investors worry about slowing growth, but two top performing fund managers with different strategies still see reason to own the smartphone maker.
"Given where the stock is priced ... a lot can go wrong before the stock appears overvalued," value fund manager Bill Nygren of Oakmark Fund told the Morningstar Conference in Chicago.
Growth manager Steve Wymer of Fidelity Investments agrees.