Buzz Stocks: Alibaba Group, Fitbi, and Jabil Circuit

Today's stocks to watch in the news include Alibaba Group Holding Ltd (NYSE:BABA), Fitbit Inc (NYSE:FIT), and Jabil Circuit, Inc. (NYSE:JBL)

Jun 18, 2015 at 9:16 AM
facebook X logo linkedin


In the wake of yesterday's Fed policy statement, futures are pointed higher ahead of the bell. In company news, today's stocks to watch include e-commerce concern Alibaba Group Holding Ltd (NYSE:BABA), wearable tech firm Fitbit Inc (NYSE:FIT), and electronic design specialist Jabil Circuit, Inc. (NYSE:JBL)

  • BABA has entered into a joint venture with Taiwan's Foxconn Technology and Japan's SoftBank Corp to sell the latter's household robot, named Pepper. Specifically, Alibaba Group Holding Ltd and Foxconn are each paying $118 million to secure 20% stakes in SoftBank Robotics Holdings. Shifting gears, it's been a rough 2015 for BABA, down 16.5% year-to-date to rest at $86.80, and currently facing pressure from its descending 10-day moving average. Nevertheless, analysts remain extremely bullish, doling out 21 "strong buy" ratings, two "buys," and not a single "hold" or worse recommendation. In other words, BABA could be vulnerable to future downgrades.

  • FIT will make its highly anticipated Big Board debut today, and priced its initial public offering at $20 per share -- above the anticipated $17-$19 range. At these levels, Fitbit Inc is valued at over $4 billion. Last year, the company earned nearly $132 million on roughly $745 million in sales.

  • Finally, JBL is bracing for a 7.5% drop out of the gate, amid the firm's mixed fiscal third-quarter results and lower-than-expected revenue forecast. The expected gap lower threatens to wipe out most of the stock's year-to-date gains, and send it south of its supportive 80-day moving average. This may be good news for recent put buyers. During the last two weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Jabil Circuit, Inc. has racked up a put/call volume ratio of 1.85 -- in the 89th percentile of its annual range. JBL closed Wednesday at $24.33.
 

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