Buzz Stocks: Wendy's, Synchronoss Tech, Vera Bradley

Today's stocks to watch in the news include Wendys Co (NASDAQ:WEN), Synchronoss Technologies, Inc. (NASDAQ:SNCR), and Vera Bradley, Inc. (NASDAQ:VRA)

Jun 3, 2015 at 9:23 AM
facebook X logo linkedin

U.S. stocks are getting a pre-market lift, thanks to encouraging data and an interest rate decision across the pond. In company news, today's stocks to watch include fast-food chain Wendys Co (NASDAQ:WEN), cloud concern Synchronoss Technologies, Inc. (NASDAQ:SNCR), and accessories designer Vera Bradley, Inc. (NASDAQ:VRA)

  • WEN is sitting pretty this morning, after the company announced it will buy back $1.4 billion in stock and sell a bakery business to streamline operations. The chain also slashed its full-year adjusted earnings guidance to reflect the bakery sale. As such, the shares are 3.2% higher ahead of the bell, looking to add to their nearly 23% year-to-date advance -- and make a run at last month's seven-year high of $11.67. Should Wendys Co continue to trek higher, it could prompt a round of bullish analyst notes. Nine of 11 brokerage firms rate the stock a "hold" or worse, and WEN's consensus 12-month price target of $11.71 represents a slim 5.5% premium to Tuesday's close at $11.10.

  • SNCR is reportedly looking to be purchased in a potential agreement that could be worth more than $2 billion, and is drawing interesting from several private-equity firms. The buyout buzz has the shares perched 18.4% higher ahead of the bell, relative to last night's close at $42.53. Recently, Synchronoss Technologies, Inc. has struggled on the charts, dropping 19% since its late-April high of $52.45, and breaching most of its historically supportive trendlines. Short sellers could get burned by today's expected gap higher. Over 12% of SNCR's float is sold short, representing 12 days' worth of pent-up buying activity, at average daily volumes.

  • Finally, VRA was temporarily halted in electronic trading while the company reported lackluster first-quarter earnings and issued disappointing guidance. Although pre-market trading has resumed, the stock is getting pummeled -- down nearly 14% ahead of the bell, and headed for fresh all-time lows. It's already been a tough year for Vera Bradley, Inc., which has shed 30.6% in 2015 to rest at $14.14 -- ushered lower by its 10-week moving average, and hitting a record low of $13.15 just yesterday. Short sellers have been piling on amid this sell-off, with more than one-quarter of VRA's float sold short. At the stock's typical daily trading levels, it would take nearly 18 sessions to repurchase all these bearish bets.

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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI