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)

by Mark Fightmaster

Published on Sep 9, 2015 at 9:37 AM
Updated on Jun 24, 2020 at 10:16 AM

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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