Today's stocks to watch in the news include Lockheed Martin Corporation (LMT), Aerie Pharmaceuticals Inc (AERI), and Deutsche Bank AG (DB)
U.S. stock futures are trading below fair value ahead of the long holiday weekend. Among specific equities in the spotlight today are aerospace company Lockheed Martin Corporation (NYSE:LMT), biotech stock Aerie Pharmaceuticals Inc (NASDAQ:AERI), and German lender Deutsche Bank AG (NYSE:DB). Here's a quick look at what's driving LMT, AERI, and DB.
- LMT is slumping in pre-market trading, falling 1.9%, after President-elect Donald Trump tweeted he has approached Boeing Co (NYSE:BA) for prices on a jet similar to the Lockheed's F-35 -- the second time this month he's criticized the company on Twitter. While the stock has cooled since hitting an all-time high of $269.90 earlier this month, it remains 16.4% higher year-to-date, and comfortably above its rising 200-day moving average at $252.80. Should the Trump-induced headwinds fall to the wayside and Lockheed Martin Corporation extend its long-term rally, an unwinding of near-term put positions could provide an extra boost. For example, LMT's Schaeffer's put/call open interest ratio (SOIR) is 1.66, putting it in the high 87th annual percentile.
- AERI has given back 6.5% in electronic trading, after the company announced the manufacturing facility for its glaucoma treatment, Rhopressa, won't be ready for a Food and Drug Administration (FDA) inspection. Aerie Pharmaceuticals Inc will now have to resubmit its new drug application sometime next year. Looking back, the stock enjoyed a huge bull gap back in September, helping guide it to record highs and a nearly 53% year-to-date advance, last seen at $37.20. Considering these gains, it's not surprising to see a huge bullish bias among analysts. At the moment, all nine brokerage firms covering AERI recommend buying the stock.
- DB is on the rise this morning, on news the company settled with the Justice Department for $7.2 billion -- far below what was expected. The stock has performed well recently, jumping almost 66% since its late-September all-time low of $11.19 to trade at $18.54. Meanwhile, Deutsche Bank AG options traders have been buying to open calls over puts. This is according to DB's 10-day call/put volume ratio of 1.07 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) -- a reading that lands in the 84th annual percentile.
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