Buzz Stocks: Vertex , Macy's, and The Williams Co

Today's stocks to watch in the news include Vertex Pharmaceuticals Incorporated (VRTX), Macy's, Inc. (M), and Williams Companies Inc (WMB)

May 13, 2015 at 9:25 AM
facebook X logo linkedin


U.S. stocks appear ready to rebound this morning, with futures signaling a fast start. In company news, today's stocks to watch include drugmaker Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX), department store chain Macy's, Inc. (NYSE:M), and energy issue Williams Companies Inc (NYSE:WMB).

  • VRTX is charging north on news that a Food and Drug Administration panel is recommending the company's cystic fibrosis therapy, Orkambi, for approval. Specifically, the shares are perched 6.8% higher in electronic trading, after closing yesterday at $124.08. Looking more closely at the charts, Vertex Pharmaceuticals Incorporated boasts a year-over-year lead of 86%, and has been grinding higher recently atop its 120- and 160-day moving averages. Along the way, the stock hit a record high of $137.50 on April 23, on the heels of buyout buzz.

  • M is sitting 2.4% lower ahead of the bell, after the company reported first-quarter results that missed the Street's estimates. In other news, the retailer raised its share buyback plan by $1.5 billion, and its quarterly dividend by 15%. On the charts, Macy's, Inc. is sitting slightly below its year-to-date breakeven mark, resting at $65.33, after pulling back from an early April record peak of $69.98. Meanwhile, traders at the International Securities (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have been buying to open puts over calls at a breakneck pace in recent weeks. M's 10-day put/call volume ratio across those exchanges is 2.60 -- higher than 88% of comparable readings from the past year.

  • WMB announced it will buy affiliate Williams Partners LP (NYSE:WPZ) in an all-stock deal worth nearly $14 billion. As such, Williams Companies Inc shares are soaring in electronic trading, up 5.6%, after closing at $50.10 yesterday. Longer term, WMB has advanced 11.5% year-to-date, and has been trending higher since taking a bounce off its 32-month moving average. Option traders remain unconvinced, though. WMB's 10-day ISE/CBOE/PHLX put/call volume ratio of 2.11 ranks in the 88th percentile of its annual range, meanings speculators have been buying to open puts over calls at a much faster-than-usual rate.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI