Stock Market Today


 

Trader bets nearly $2M on more pain for biotech [0.10]

Posted on Aug. 11, 2017, 5:55 p.m. by Investing @ [source]

Biotech stocks are tracking for their worst month of the year, and one trader is betting on more misery.

The iShares Nasdaq Biotech ETF, IBB, fell more than 3 percent in the past week, and if history is any indication, it could get a lot worse.

Biotech ETF IBB July NASDAQ Nathan past returns worst XBI

 

Investors this week got their first taste of market pandemonium in a long while.

Sophisticated investors scrambled to place bets on what will happen next on the geopolitical front with a record amount of options contracts tied to the VIX trading on Thursday.

ETF Gold investors Kensho market Record Securities Times track VIX

 

Credit Suisse shared with its clients the firm's best online travel and e-commerce stock picks.

Here are three companies that made Credit Suisse's recommended list and their price targets.

clients credit firm online pick shared stock Suisse targets travel

 

In the week ended August 11, 2017, the number of rigs drilling for oil in the United States totaled 768, up by three compared with the prior week and up by 372 compared with a total of 396 a year ago. Including 181 other rigs drilling for natural gas, there are a total of 949 working rigs in the country, down by five from a week ago and up by 468 year over year.

barrel count crude drilling effort natural gas oil released rig Texas

 

America (OTCQB:PRKA) has an interesting corporate history. In March 2008, PRKA acquired another similar Animal Safari in Missouri (''Missouri Park''), and changed its name to reflect its expanded focus.

attendance Georgia Park growth higher management Missouri Missouri Park Park PRKA visitor

 

Q: Stocks that are growing rapidly often trade at extremely high P/E ratios.

The price-to-earnings (P/E) ratio is perhaps the most commonly used metric to evaluate stocks, but it isn't always useful, especially in the cases of rapidly growing companies.

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Compania Cervecerias Unidas (NYSE: CCU) is a diversified beverage company that does business throughout much of South America.

Image source: Compania Cervecerias Unidas.

beverage business growth market net quarter sales stock United Breweries Volume

 

Shares of Luxoft Holding Inc. (NYSE: LXFT) are plummeting today, down 28.2% as of 11:15 a.m. EDT, after the software engineering company posted disappointing fiscal first-quarter 2018 results. Luxoft's quarterly revenue climbed 17.5% year over year to $209.2 million, while adjusted net income per share fell 19.4% to $0.50.

earnings fiscal Fool holding Luxoft Motley quarter quarterly Revenue stock

 

J.C. Penney (NYSE: JCP) stock has plunged in 2017, as investors have started to become more skeptical about the company's turnaround prospects.

comp sales gross margin growth Penney positive quarter sales stock Trend year

 

The broad-based major European indices closed lower in Friday's trading session, as falling mining stocks and banks burdened the markets. Antofagasta Holdings closed 2.3% lower.

bank consumer index July June lost lower product rose year

 

Goldman Sachs plans to use personality tests for hiring [0.21]

Posted on Aug. 11, 2017, 5:36 p.m. by Investing @ [source]

Goldman Sachs plans to begin using a personality test as part of its hiring process in several divisions like banking, trading and finance, and some see this as one of the ultimate ways to figure out what makes prospective candidates in the industry tick.

Reuters reported that Goldman Sachs will begin piloting the personality test on U.S. summer intern candidates who would be starting in 2018.

applicants candidates Con Hirschhorn interviewing job personality re schools test

 

Goldman Sachs plans to begin using a personality test as part of its hiring process in several divisions like banking, trading and finance, and some see this as one of the ultimate ways to figure out what makes prospective candidates in the industry tick.

Reuters reported that Goldman Sachs will begin piloting the personality test on U.S. summer intern candidates who would be starting in 2018.

applicants candidates Con Hirschhorn interviewing job personality re schools test

 

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Options experts are saying Thursday's record volume in volatility derivatives bets may signal a dangerous problem with the size of volatility-linked trading products.

The focus is on the CBOE volatility index, a key measure of market expectations for near-term volatility as conveyed by the price of S&P 500 index options.

derivatives ETPs future option Products Record Thursday VIX volatility Volume

 

Wendy's (NYSE:WEN) reported Q2 earnings before the opening bell on Aug. 9, 2017.

Adjusted EPS & YTD Free Cash Flow: The 50.0% and 137.2% increase truly exemplify the quality of Wendy's earnings and operations.

continue earnings growth higher initiative margin operated restaurants restaurant Revenue Wendy

 

Bullishly trending NVIDIA (NVDA) just broke a bearish rising wedge on negative divergences, collapsing instantly to a daily chart support target.

NVIDIA repeatedly showed up on our “Strong Stocks Getting Stronger” scan, but the recent negative momentum and volume divergences into $170 gave us pause.

bearish Divergences negative NVIDIA pattern rising stock trade Volume wedge

 

The CPI rose 0.1% in July vs an Econoday consensus estimate of 0.2%. On the plus side, apparel prices, which had been on a long negative streak, rose 0.3 percent though the year-on-year rate remains in the negative camp at minus 0.4 percent.

Econoday estimate falling July negative On rate remain report year

 

Almost no one wants to buy a $1,000 iPhone, Barclays says [0.14]

Posted on Aug. 11, 2017, 5:15 p.m. by Finance @ [source]

Barclays has bad news for Apple if it decides to price the its upcoming high-end iPhone at more than $1,000.

In an investor note, Barclays said that just 11 percent of its survey respondents would spend more than $1,000 on an iPhone.

Apple Barclays Consumers current end high iPhone month news spend

 

A South Carolina prosecutor says this body cam footage is what helped convict Malcolm Antwan of attempted murder. He shot Officer Quincy Smith eight times.

body cam Carolina convict footage helped Malcolm Officer prosecutor South

 

Comps model shows that investors are willing to pay more for HD, but they also receive more through a larger dividend offer than their competitors. This is a mix of both value comps and income comps to complement the DCF and DDM models that have already been discussed.

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