Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Jan 28, 2025 at 1:46 PM
  • Buzz Stocks

Gold prices are rebounding alongside the broader market from a tech-induced selloff, as investors assess U.S. President Donald Trump's proposed tariff plans. Coeur Mining Inc (NYSE:CDE) was last seen up 2.9% to trade at $6.20, bouncing off support at the $6 level, though a break above $6.50 remains elusive. While CDE has also struggled with overhead pressure at its 80-day moving average since mid-December, it still carries a 109.8% year-over-year lead.

CDE Intraday

Analysts are optimistic, with five of six in coverage calling the stock a "buy" or better. Meanwhile, short interest rose 7.1% over the last two reporting periods, and now makes up 9.2% of the security's available float. It would take these shorts more than three days to buy back their bearish bets, at the equity's average pace of trading.

Options traders lean bullish, per the security's 50-day call/put volume ratio of 13.92 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits in the 81st percentile of its annual range. 

What's more, options are reasonably priced at the moment. This is per Coeur Mining stock's Schaeffer's Volatility Index (SVI) of 63%, which sits in the 23rd percentile of its annual range.

Published on Jan 28, 2025 at 11:43 AM
Updated on Jan 28, 2025 at 12:00 PM
  • Midday Market Check

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Published on Jan 28, 2025 at 10:25 AM
  • Buzz Stocks

Software stock Autodesk Inc (NASDAQ:ADSK) was last seen up 3.7% at $310, after an upgrade from Mizuho to "outperform" from "neutral," with a price-target hike to $400 from $280. The brokerage noted the company's new transaction model, as well as signs of macroeconomic recovery. 

On the charts, ADKS has been steadily climbing since bouncing off the $280 level earlier this month, which rejected the shares in March. The ascending 120-day moving average lingers below as potential support as well. Year over year, the equity is up 20.2%.

The options pits have been more bearish than usual over the last two weeks. ADSK's 10-day put/call volume ratio of 3.38 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 94% of readings from the past year. 

Sentiment appears to be shifting after today's bull note, however, as the stock has seen six times the call volume typically seen at this point. The February 320 call is the most popular, followed by the September 370 call, with new positions opening at the latter. 

These options are reasonably priced at the moment, too. This is per Autodesk stock's Schaeffer's Volatility Index (SVI) of 27%, which sits in the 19th percentile of its annual range. 

Published on Jan 28, 2025 at 10:20 AM
  • Buzz Stocks

Boeing Co (NYSE:BA) stock is on the rise after the company's recovery plan, despite steeper-than-expected losses for the fourth quarter, a revenue miss, and its biggest annual loss since 2020. The company noted incidents with its commercial and defense units, as well as last year's workers' strike, but has plans to gradually increase production and deliveries of its 737 aircraft. The aerospace giant also confirmed it is working to speed up the delivery of two Air Force One aircrafts.

BA is up 4.3% to trade at $182.74 at last glance, eyeing its biggest single-day percentage gain in over a year as it chips away at its 10.5% year-over-year deficit. The stock, which is among Schaffer's top picks for 2025, surged to its highest level since August right out of the gate, and earlier this month staged bounced off its ascending 40-day moving average.

Options traders have been more bullish than usual over the past 10 weeks. This is per BA's 50-day call/put volume ratio of 1.80 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks in the 80th percentile of its annual range, showcasing a consistent preference for calls over puts.

Drilling down to today's options activity, 59,000 calls and 27,000 puts have already been traded, which is five times the intraday average volume. The most popular contract is the weekly 1/31 185-strike call, where positions are being opened.

Published on Jan 28, 2025 at 10:07 AM
  • Buzz Stocks
  • Intraday Option Activity

Shares of travel industry giants Royal Caribbean Cruises Ltd (NYSE:RCL) and JetBlue Airways Corporation (NASDAQ:JBLU) are experiencing notable price swings following their recent earnings announcements.

Royal Caribbean Cruises Stock Rises on Earnings Beat

RCL is up 6.3% at $251.88 at last glance, after the company reported a robust fourth-quarter earnings beat. Adding to investor confidence, the cruise operator issued optimistic guidance for both its first-quarter and full-year earnings, surpassing Wall Street expectations. Royal Caribbean Cruises stock has shown strong performance, boasting a remarkable 91.8% year-over-year increase and a modest 2.7% gain year-to-date.

Activity in RCL's options market has spiked alongside the stock’s upward movement. So far, 6,960 call options and 4,744 put options have exchanged hands, representing 10 times the average intraday volume. Traders are targeting the weekly 1/31 260-strike call, where new positions are being opened.

JetBlue Airways Stock Brushes Off Revenue Win

JBLU, meanwhile, is down 20.4% at $6.45 at last glance, despite exceeding revenue expectations and narrowing its fourth-quarter losses. The airline tempered investor optimism by warning of higher-than-anticipated capital expenditures, which weighed heavily on sentiment. As a result, JetBlue Airways stock has fallen into negative territory for 2025, reversing gains from its longer-term 40% year-over-year climb.

The earnings event has also spurred a surge in options activity for JBLU. Already today, 13,000 call options and 18,000 put options have traded, marking 11 times the usual volume. The most active contracts are the weekly 1/31 6.50-strike put and the 7-strike put from the same series, with significant new positions opening in both.

Published on Jan 28, 2025 at 9:20 AM
  • Opening View
 
Published on Jan 27, 2025 at 4:28 PM
  • Market Recap
 
Published on Jan 27, 2025 at 9:22 AM
Updated on Jan 27, 2025 at 4:17 PM
  • Opening View
 
Published on Jan 27, 2025 at 11:41 AM
Updated on Jan 27, 2025 at 4:17 PM
  • Midday Market Check

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Published on Jan 27, 2025 at 2:14 PM
  • Best and Worst Stocks

Defense stocks were in focus after the inauguration of U.S. President Donald Trump, and could present an intriguing opportunity for investors looking to extend Wall Street's tailwinds into February. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, Axon Enterprise Inc (NASDAQ:AXON) and Northrop Grumman Corp (NYSE:NOC) are among the best names to own next month.

Best of Feb 2025

AXON and NOC averaged impressive February gains of 8% and 4.1% over the past 10 years, respectively, both finishing higher nine times out of 10. From AXON's current perch, a move of similar magnitude would place it above $650 for the first time since December, while NOC could conquer $520 for the first time since November.

AXON was last seen down 1.2% to trade at $603.16 at last check, but boasts a massive 139.5% year-over-year lead. The equity has been struggling with overhead pressure at its 40-day moving average since pulling back from its Dec. 6. record peak of $698.67.

NOC sports a much more modest 13.9% lead for the last 12 months, but was last seen 0.7% higher to trade at $500.62. The shares are now looking to snap a three-day losing streak and are consolidating above their 60-day trendline. 

Published on Jan 27, 2025 at 1:30 PM
  • Most Active Options Update

Retail giant GameStop Corp (NYSE:GME) is having a challenging start to 2025, with shares down 13% so far in January. Despite the rough patch, options traders appear undeterred, maintaining a bullish outlook on the former meme stock.

In fact, GameStop stock made its way onto Schaeffer's Senior Quantitative Analyst Rocky White's list of S&P 400 stocks with the highest options volume over the past 10 days. During this period, a staggering 2,023,250 call options were traded in comparison to 384,508 put options. The most popular contract was the January 30 call, followed closely by the 30-strike call in the weekly 1/17 series. Notably, 19 out of the top 20 most active positions were call options, underscoring the strong optimism among traders.

MAO Chart January 272025

This bullish sentiment aligns with GME's 50-day call/put volume ratio of 5.72 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio ranks in the 82nd percentile of its annual range, showcasing a consistent preference for calls over puts.

Adding to the intrigue, 31.30 million shares remain sold short, representing 7.7% of GameStop's total available float. This short interest, coupled with relatively low volatility expectations, could pave the way for intriguing trading opportunities. The stock's Schaeffer's Volatility Index (SVI) sits at 65%, higher than just 4% of readings from the past year -- a favorable setup for options traders looking to capitalize on potential price swings.

At last glance, GameStop stock was down 2% to trade at $27.22. The reason for this downturn isn’t immediately apparent, though the shares peaked at $31.71 on Jan. 7 before retreating. Meanwhile, the 80-day moving average has emerged as a potential support level amid the pullback.

GME Chart January 272025

Published on Jan 27, 2025 at 12:41 PM
  • Technical Analysis

3M Co (NYSE:MMM) stock is up 0.4% at $150.04 at last glance, brushing off the broad-market selloff and climbing back up toward its Jan. 22, three-year high of $152.07. The blue-chip name could have more room to run, too, as it's flashing a historically bullish signal on the charts. 

MMM is sporting low implied volatility (IV) while sitting within 2% of a 52-week high (or in this case, its recent three-year high), as demonstrated by its Schaeffer's Volatility Index (SVI) of 18%, which ranks in the low 3rd percentile of its annual range. Per Schaeffer's Senior Quantitative Analyst Rocky White, 3M stock saw three similar signals in the past three years, after which it was higher one month later 100% of the time, averaging a 4.5% gain.  

Strong support at the ascending 160-day moving average could help catch potential pullbacks. Year over year, the equity is up 86.9%. 

MMM Jan27

There's room for upgrades amid the stock's outperformance, as five of the 15 analysts in coverage still carry a "hold" or worse rating. Price-target hikes could help lift the stock too; the 12-month consensus price target of $153.05 is just a chip-shot away from current levels. 

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