Schaeffer's Trading Floor Blog

Analyst Upgrades: NVIDIA Corporation, Oracle Corporation, and Las Vegas Sands Corp.

Analysts upwardly revised their ratings on NVDA, ORCL, and LVS

by 3/19/2014 9:31 AM
Stocks quoted in this article:

Analysts are weighing in today on chip maker NVIDIA Corporation (NASDAQ:NVDA), software provider Oracle Corporation (NYSE:ORCL), and casino operator Las Vegas Sands Corp. (NYSE:LVS). Here's a quick roundup of today's bullish brokerage notes.

  • NVDA -- which has advanced nearly 14% year-to-date to perch at $18.24 -- received a price-target lift to $21 from $19 at Stifel this morning. In NVIDIA Corporation's options pits, long calls (relative to long puts) have been flying off the shelves at near-annual-high levels during the past two weeks, as evidenced by the stock's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 15.11, which ranks 4 percentage points from a 12-month peak. Considering 10.8% of the equity's float is sold short, some of this call activity may have come at the hands of short sellers hedging against more upside in NVDA in the near term.

  • ORCL's weaker-than-expected fiscal third-quarter earnings results didn't stop a handful of brokerage firms from increasing their price targets on the stock this morning. Included in the group were Raymond James and Citigroup, which upped their price targets to $42 from $38, and to $44 from $39, respectively. In the sessions leading up to the quarterly event, options players had bought to open ORCL calls over puts at a faster-than-usual pace. In fact, the stock's 10-day ISE/CBOE/PHLX call/put volume ratio of 2.86 ranks higher than 95% of comparable readings from the past year. Of note, Oracle Corporation has had a slow start to 2014, gaining only 1.5% so far to trade at $38.84. The stock is indicated 3.5% lower in pre-market activity.

  • LVS -- which is up 58.4% on a year-over-year basis to perch at $83.06 -- saw its price target upped to $98 from $92 at Susquehanna earlier today. While NVDA and ORCL have been experiencing heavy call-buying activity, Las Vegas Sands Corp. has received a significant amount of attention from option bears of late. Specifically, the equity's 10-day ISE/CBOE/PHLX put/call volume ratio comes in at 1.32, ranking higher than all other comparable readings taken during the past year. This means LVS puts have been bought to open over calls at an annual-high rate during the past two weeks.

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