Buzz Stocks: PepsiCo, Yahoo!, Walgreens Boots Alliance

Today's stocks to watch in the news include PepsiCo, Inc. (PEP), Yahoo! Inc. (YHOO), and Walgreens Boots Alliance Inc (WBA)

Jul 9, 2015 at 9:24 AM
facebook X logo linkedin


Futures are pointed sharply higher this morning, buoyed by a bounce in Chinese markets. In company news, today's stocks to watch include beverage behemoth PepsiCo, Inc. (NYSE:PEP), digital content specialist Yahoo! Inc. (NASDAQ:YHOO), and drug retailer Walgreens Boots Alliance Inc (NASDAQ:WBA)

  • PEP is sitting 2.3% higher ahead of the bell, after the company topped expectations in the earnings confessional and upped its full-year profit outlook. A technical boost would be a welcome sight for shareholders, as PepsiCo, Inc. has advanced just 1.1% year-to-date, as of last night's close at $95.61. On the Street, analysts have been piling into the stock's bullish camp. In fact, 14 of 16 brokerages consider PEP a "buy" or better, versus two "holds" and not a single "sell" recommendation. If that's not enough, the equity's consensus 12-month price target of $106.10 stands in uncharted territory.

  • YHOO made headlines Wednesday afternoon when it announced it will venture into daily fantasy sports -- going head-to-head with sites like DraftKings and FanDuel. The move is being cheered this morning, with the shares up 2.7% pre-market. Longer term, however, Yahoo! Inc. has surrendered more than 26% in 2015 to rest at $37.23. As such, bearish betting has picked up at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). Across this trio of exchanges, YHOO has racked up a 10-day put/call volume ratio of 0.75 -- in the 99th percentile of its annual range.

  • Finally, WBA is in the spotlight this morning after the pharmacy chain had a successful trip in the earnings spotlight and raised its full-year profit forecast. Also, the company named Stefano Pessina as CEO -- after a six-month stint as interim CEO -- and bought skincare brand Liz Earle from Avon Products, Inc. (NYSE:AVP). The collective news has Walgreens Boots Alliance Inc perched 2.6% higher ahead of the bell, and poised to add to its year-to-date lead of 12.7%. In recent weeks, the stock has been churning in the $83-$88 range, settling at $85.91 last night. In the options pits, short-term traders have been put-skewed toward WBA. The security's Schaeffer's put/call open interest ratio (SOIR) of 1.07 ranks in the 79th percentile of its annual range.

Want an even earlier advantage on the biggest news before the bell? Sign up now to get Schaeffer's Opening View delivered straight to your inbox!

 

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