Q2 STOCKS TO BUY

Buzz Stocks: Syngenta AG, Nokia, and Novogen Limited

Today's stocks to watch in the news include Syngenta AG (ADR) (NYSE:SYT), Nokia Corporation (ADR) (NYSE:NOK), and Novogen Limited (ADR) (NASDAQ:NVGN)

May 8, 2015 at 9:26 AM
facebook X logo linkedin


Futures are surging this morning, as traders digest the latest jobs report from the Labor Deparment. Meanwhile, among equities in focus are agricultural firm Syngenta AG (ADR) (NYSE:SYT), telecommunications issue Nokia Corporation (ADR) (NYSE:NOK), and biotech Novogen Limited (ADR) (NASDAQ:NVGN).

  • SYT is poised to pop 15.2% out of the gate -- and into annual-high territory -- after the firm declined Monsanto Company's (NYSE:MON) unsolicited $45 billion takeover bid, saying, "The offer fundamentally undervalues Syngenta's prospects and underestimates the significant execution risks, including regulatory and public scrutiny at multiple levels in many countries." Similar to MON, short-term speculators have shown a preference for puts over calls, as evidenced by SYT's Schaeffer's put/call open interest ratio (SOIR) of 1.96, which rests higher than all comparable readings taken in the past year. In the front-month series, specifically, peak put open interest can be found at the May 70 strike. On Thursday, Syngenta AG settled at $77 -- roughly 20% above its year-to-date breakeven line.

  • Uber is the latest firm to express interest in NOK's map business, HERE, and has reportedly submitted a roughly $3 billion bid for the service. On the charts, an earnings-induced tumble last week sent NOK barreling through the bottom end of its long-term trading range of $7.50 to $8.50, and based on last night's close at $6.72, the stock is now down 14.5% year-to-date. Option traders have kept the faith, though. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Nokia Corporation's 50-day call/put volume ratio of 20.38 rests just 6 percentage points from a 52-week peak.

  • NVGN is up more than 15% in electronic trading, after the company once again reported upbeat trial results for its brain cancer drug, TRXE-009. Specifically, Novogen Limited said the treatment eliminated cancerous cells at "therapeutically relevant concentrations." Already this year, shares of NVGN have more than tripled in value, and closed Thursday at $6.42. Traders are not buying the positive price action, however. In fact, short interest surged in the latest reporting period, and now accounts for a healthy 10.4% of the equity's available float.
 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter