KBW downgraded Lennar Corp(NYSE:LEN) stock to "market perform" from "outperform," and cut its price target to $141 to $152. In response, the stock was last seen down 1.2% to trade at $123.63 at last check.

Coming into today, 12 of the 19 analysts in coverage already rated LEN a "hold." However, the equity's 12-month consensus target price of $152.51 represents a 22% premium to current levels, suggesting there's still room for price-target cuts.

The shares carry a 20.7% year-over-year deficit, and have struggled to break above the $130 level since December. This region yesterday rejected the security's bounce off its March 4, 52-week low of $116.67 to their highest level since February, with added pressure form the 40-day moving average.

The options pits already lean bearish. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Lennar stock sports 50-day put/call volume ratio of 1.02 that sits higher than 86% of readings from the past 12 months.

Delta Air Lines (NYSE:DAL) and Southwest Airlines (NYSE:LUV) are making headlines today after issuing key updates.

Delta Air Lines stock was last seen trading 4.3% lower at $48.15, after slashing its first-quarter revenue and earnings guidance, citing weak domestic demand. The airline now expects revenue growth of no more than 5%, down from its previous 6%-8% estimate, and adjusted earnings between 30 and 50 cents per share, well below its prior 70 cents to $1 forecast. Since the start of 2025, DAL has taken a 19% haircut.

In response, UBS cut its price target on the equity to $77 from $90. Options traders are turning bearish as well, with 7,110 puts traded already today -- triple the average intraday volume. Most popular is the March 50 put, while new positions are being sold to open at the second most active contract, the weekly 3/14 46-strike put.

At last glance, Southwest Airlines stock was up 9% at $30.72, after announcing major policy changes, including baggage fees and a new basic economy fare, following pressure from activist investor Elliott Investment Management. The shift marks a significant strategy change for the budget airline, which has long differentiated itself with free checked bags and simple fare structures. Despite today's surge, LUV still sports a 6.2% year-to-date deficit.

Southwest Airlines stock is also seeing higher-than-usual options activity after earnings. So far, 6,749 calls and 8,916 puts have been exchanged, which is 9 times the amount typically seen at this point in any given session. New positions are being sold to open at the most active April 30 put.

Personal styling service Stitch Fix Inc (NASDAQ:SFIX) will report fiscal second-quarter earnings results after the close on March 11. Analysts anticipate losses of 11 cents per share, an improvement from the 21-cent losses from the same quarter a year ago. On the charts, SFIX was last seen down 3.4% at $4.09 amid the broader market selloff, adding to its 5% year-to-date deficit. Year over year, the shares are still up 64%.

SFIX has a split earnings history, finishing two post-earnings sessions higher in 2024 and two in 2023. The stock has averaged a large 22.3% next-day move, regardless of direction, over these past two years, and the options pits are pricing in a 32.7% next-day swing this time around. 

American Eagle Outfitters Inc (NYSE:AEO) will report fourth-quarter earnings after the close on March 12. Zacks Research anticipates earnings of 50 cents per share, which reflects an 18.03% decrease from the same quarter last year. AEO was down 4.9% at $12.20 at last glance, nearing its recent March 5, 52-week low of $11.60. Year to date, the equity is down 26.7%. 

AEO has a staggeringly dismal post-earnings history, finishing only one next-day session higher over the last two years (March of 2023). The stock has averaged a 7.4% post-earnings, regardless of direction, which is smaller than the 16.7% move the options pits are pricing in this time around. 

Hilton Hotels Corporation (NYSE:HLT) stock is pulling back alongside the broader market, last seen down 3.3% to trade at $238.95, and on track for its sixth consecutive daily loss. Shares still boast a 16.1% year-over-year lead, however, and just notched a Feb. 13, record high of $275.22. Even better, this recent drawdown placed HLT near a trendline with historically bullish implications.

Per Schaeffer's Senior Quantitative Analyst Rocky White, Hilton Hotels stock is now within striking distance of its 126-day moving average (representing half a years worth of trading), a move that has typically resulted in positive returns. This follows a prolonged period above this trendline (defined by White as 80% of the time in the past two months and eight of the last 10 trading days). A similar move occurred six times over the last three years, after which HLT was higher one month later each time, averaging a 5.5% gain. 

At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), HLT'S 50-day call/put volume ratio ratio of 10.16 ranks higher than 80% of annuals readings. This indicates options traders have been much more bullish than usual in the last 10 weeks.

The brokerage bunch, on the other hand, still leans bearish. Of the 23 firms in coverage, 14 still call Hilton Hotels stock a "hold," suggesting there is plenty of room for upgrades that could provide tailwinds.  

Shares of Broadcom Inc (NASDAQ:AVGO) are 5.8% lower to trade at $183.66 this afternoon, struggling to regain momentum after hitting its record peak of $251.88 on Dec. 16. The equity is extending its pullback, brushing off last week's 8.6% post-earnings pop. The previously resistant 200-day moving average and $180 level have emerged as support, mitigating losses for the stock's now 20% year-to-date deficit.

In response, the stock once again made its way onto Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks with the highest options volume in the past 10 days. In this period, 2,759,357 calls and 1,936,268 puts were exchanged, with most activity at the weekly 3/7 200-strike call. What's more, the top six open interest (OI) positions over the past two weeks were calls. 

Put traders have been more active in the short term, however, given the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.08, which sits in the 94th percentile of readings in its annual range. There is also ample room for bear notes, given 30 of 33 covering analysts sport a "strong buy" recommendation on the shares.

Now could be an opportune time to speculate on AVGO’s next move via options. Schaeffer’s Volatility Index (SVI) of 54% sits in the 12th percentile of annual readings, suggesting options traders are currently pricing in lower volatility expectations. 

Charles Schwab Corp (NYSE:SCHW) is tumbling alongside other major bank stocks, as economic uncertainty and persistent selling pressure weigh on the financial sector. With Wall Street on edge over tariff negotiations and recession concerns, traders are keeping a close eye on bank stocks for potential value opportunities amid the volatility.

On the charts, Charles Schwab stock has erased its 11.8% January gain and is now down 4.1% year-to-date, on track for its 11th loss in 13 sessions. Last seen 4.9% lower at $70.95, the stock is within striking distance of its 260-day moving average, a historically bullish level.

According to Schaeffer's Senior Quantitative Analyst Rocky White, SCHW tested this trendline five times in the past three years, and each time, the stock was higher one month later with an average 8.4% gain. A similar rebound from current levels would place the equity just below $77, approaching its Feb. 11, 13-month high of $84.50.

An unwinding of bearish sentiment in the options pits could provide additional tailwinds. Charles Schwab stock’s 50-day put/call volume ratio of 1.39 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks in the 90th percentile of the past year, signaling an extreme preference for puts.

Additionally, SCHW’s Schaeffer's Volatility Scorecard (SVS) of 91 out of 100 suggests the stock tends to outperform volatility expectations, making it an appealing setup for premium buyers.

Stocks are looking to extend last week's losses, as recession fears grip Wall Street. The Dow Jones Industrial Average (DJI), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) were last seen down triple digits as tech stocks pummel. Traders are worried about tariffs, which could result in higher prices and dissuade the Federal Reserve from lowering interest rates. The market is also bracing for inflation data, with the consumer price index (PPI) and producer price index (PPI) for February due out later this week.

Continue reading for more on today's market, including: 

• Buyout sends Redfin stock to best day ever. 
• 3 bank stocks under pressure right now.
• Plus, bears target BIIB; embattled solar stock on the rise; and Carnival stock sinking.

Options bears are blasting Biogen Inc (NASDAQ:BIIB) today, with 33,000 puts traded so far -- 48 times the intraday average volume -- compared to only 1,748 calls. Most active is the June 125 put, where new positions are being opened. BIIB is 4.1% higher to trade at $156.54 at last glance and eyeing its seventh-straight daily gain, after a U.S. Securities & Exchange Commission (SEC) filing revealed asset management company Amundi hiked its stake in the biotech giant by 35.6% in the fourth quarter. So far in March, BIIB has climbed 10%.

Enphase Energy Inc (NASDAQ:ENPH) is among the SPX's leaders today, 4.7% higher  to trade at $64.55 and on track for its fifth-straight daily gain. Today's surge follows news that E Fund Management Co. Ltd. lifted its position by 50.1% in the fourth quarter, per a new SEC filing. ENPH has shed more than 50% in the last nine months and is still struggling with overhead pressure at its 80-day moving average, as it rallies off its March 4, four-year low of $51.63. 

Carnival Corp(NYSE:CCL) stock is near the bottom of the SPX today, last seen down 7.8% to trade $19.04 -- its lowest level since October. The shares fell 25.2% over the last three months, and are pacing for their worst single-day percentage loss since January 2024. Gapping below the 200-day moving average, CCL could also mark its fifth drop in the last six sessions, should these losses hold.

Ever in focus, semiconductor stocks Nvidia Corp (NASDAQ:NVDA) and Broadcom Inc (NASDAQ:AVGO) are in focus today amid reports the companies are running manufacturing tests with Intel (NASDAQ:INTC). The tests may determine whether the chip giants will commit to a multi-billion manufacturing contract with Intel. 

NTC Fresh Off Monthly Win

INTC is up 1.3% to trade at $24.05 at last check, after last week seeing its best monthly performance since November 2023. Though the stock sports a 44.1% year-over-year deficit, its already added 21.8% this year.

NVDA Extends Pullback

NVDA was last seen down 4.6% to trade at $119.24, looking to extend last week's 7.1% weekly loss, its worst week since Jan. 31 despite upbeat earnings results. Despite a 46.7% lead over the past 12 months, the shares have shed 10.4% so far in 2025, and are trading below all long- and short-term moving averages. 

AVGO Slips Before Earnings

AVGO is down 3.4% to trade at $192.11 at last glance, and earlier hit its lowest level since mid-December after finishing February with its worst monthly loss since September 2023. Long-term support at the 140-day trendline could contain today's losses, but the stock already carries a 16.8% year-to-date deficit.

The chip giant will report fiscal first-quarter earnings after the close on Thursday, March 6. The security has an upbeat history of post-earnings reactions, finishing five of its past eight next-day sessions higher. This time around, options traders are  pricing in a 13.2% move, regardless of direction. In the last two years, the security has averaged an 8.8% next-day swing.

Redfin Corp (NASDAQ:RDFN) stock is up 74.7% to trade at $10.16 at last glance on news that Rocket (RKT) will acquire the real estate company for $1.75 billion. The deal implies a 115% to the equity's Friday close.

The shares are today pacing for their biggest single-day percentage gain on record, and earlier hit their highest level since December on a bounce off their lowest mark since July. The stock is also breaking above resistance at the 100-day moving average, and sports a 43.6% year-over-year lead.

The options pits are abuzz, with 30,000 calls traded so far today -- 9 times the volume typically seen at this point -- compared to just 12,000 puts. The most active contract is the May 13 call, followed by the weekly 3/14 11-strike call, with positions being opened at the latter.

This denotes a shift in sentiment. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), RDFN's 50-day put/call volume ratio ratio sits higher than 82% of annuals readings. This means options traders have leaned bearish in the last 10 weeks.

An unwinding of pessimism amongst short sellers and analysts could propel the shares even higher. Of the 16 analysts in coverage, 13 call the security a tepid "hold" or worse. Plus, the 18.46 million shares sold short account for 15.6% of RDFN's available float.

Shares of Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) are up 8.4% at $46.40 at last glance, after Truist Securities upgraded the stock to "buy" from "hold," with a price-target hike to $55 from $51. The bull note follows last week's fiscal second-quarter earnings report, which featured better-than-expected earnings and revenue, same-store sales growth of 4.7%, and a raised forecast. The restaurant chain also announced a $700 million reinvention plan spanning three years, which will include large menu changes. 

Prior to CBRL's 7.6% post-earnings move last Thursday, familiar support at the $40 level caught the stock's extended pullback. The shares are fresh off their first weekly win in six weeks thanks to the report, though still down 12.2% year-to-date and 34.7% year-over-year. 

Today's upgrade is notable, as Truist is now one of just two analysts rating Cracker Barrel stock a "buy," while the other eight in coverage carry a "hold" or worse. The 12-month consensus price target of $47.29 is a slim premium to current levels, leaving plenty of room for further upgrades and/or price-target hikes. 

Meanwhile, short interest has been building amid the recent selloff, and now represents 14.5% of the stock's available float. It would take shorts over four days to cover, at CBRL's average pace of trading.