Buzz Stocks: Biogen Inc, KLA-Tencor Corp, and Ferrari

Today's stocks to watch include Biogen Inc (BIIB), KLA-Tencor Corp (KLAC), and Ferrari (RACE)

Oct 21, 2015 at 10:18 AM
facebook X logo linkedin


U.S. benchmarks are slightly higher this morning, as traders applaud big-cap earnings and a round of M&A. Among the equities in focus are biopharmaceutical company Biogen Inc (NASDAQ:BIIB), semiconductor firm KLA-Tencor Corp (NASDAQ:KLAC), and automaker Ferrari (NYSE:RACE).

  • BIIB is 5.5% higher at $280.33 this morning, after announcing stronger-than-expected earnings and raising its full-year guidance, and unveiling a substantial workforce reduction. Biogen Inc shares have marched 41.6% lower since hitting an all-time high of $480.18 in March, but are on pace to end atop their 20-day moving average for the first time in more than a month. Still, option players were betting on a rebound, as BIIB's 10-day call/put volume ratio on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) is 1.81 -- in the 90th percentile of all readings taken in the past year. 

  • KLAC rocketed 24% higher to $66.71 out of the gate this morning, thanks to news that Lam Research Corporation (NASDAQ:LRCX) has agreed to purchase the firm for $10.6 billion (subscription required). This move is the latest in a series of mergers and acquisitions in the tech world. LRCX will dish out $67.02 per share for KLAC, a 24% premium over yesterday's closing price. The last time shares of KLAC traded this high was in January.

  • RACE priced its highly anticipated initial public offering (IPO) at $52 last night, at the top of the expected range. In its first session on the Big Board, Ferrari was last seen 7.1% higher at $55.70, and earlier peaked at $60.97. Meanwhile, shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) -- a major RACE stakeholder -- are down 2.7% at $15.51. 
 

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