Buzz Stocks: Apple Inc., Yahoo! Inc., and Cheniere Energy, Inc.

Today's stocks to watch include Apple Inc. (AAPL), Yahoo! Inc.(YHOO), and Cheniere Energy, Inc. (LNG)

Sep 9, 2015 at 9:37 AM
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U.S. stocks are continuing yesterday's solid performance, thanks to strong overseas trading. Among the equities in focus are Dow tech titan Apple Inc. (NASDAQ:AAPL), Internet search firm Yahoo! Inc. (NASDAQ:YHOO), and liquefied natural gas company Cheniere Energy, Inc. (NYSEMKT:LNG).

  1. AAPL is on everyone's radar today, as the company is set to keep its September tradition alive with a product unveiling in San Francisco at 1 PM ET.  It is believed that Apple Inc. will release a new iPhone line, an update to the tech behemoth's Apple TV, and new software. Rumors also call for a "more proactive" Siri. While short-term bulls zeroed in on AAPL ahead of the event, the stock's 10-day put/call volume ratio on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) checks in at a 52-week high of 0.78, indicating a bigger-than-usual bearish bias. AAPL is up 0.8% at $113.20.
  • YHOO is in the news, after the IRS denied its request for a tax-free spin-off of its stake in Alibaba Group Holdings Ltd (NASDAQ:BABA). This news prompted several price-target cuts from brokerages (echoing yesterday's move from Morgan Stanley), and has Yahoo! Inc. 0.6% lower at $30.72. Option players are bearishly aligned toward the Internet company, as its 10-day ISE/CBOE/PHLX put/call volume ratio of 1.13 sits at a 52-week high. Shares of the search engine have shed 39% in 2015, and just hit a multi-year low of $29 on Aug. 24.

  • LNG is 3% lower at $55.06, after Jim Chanos announced he is shorting the stock because he sees it as a "looming disaster."  Technically, Cheniere Energy, Inc.'s 2015 performance has been a disaster, with the stock losing 21.9%. Despite this poor performance, LNG's Schaeffer's put/call open interest ratio (SOIR) of 0.34 is lower than 96% of the readings taken during the past year, meaning short-term options traders are more call-biased than usual. What's more, five of the six analysts covering LNG rate it a "buy" or better, affording an opportunity for downgrades to continue the equity's slide.

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