Buzz Stocks: Duke Energy Corp, General Motors Company, and Ctrip.com International, Ltd. (ADR)

Today's stocks to watch include Duke Energy Corp (DUK), General Motors Company (GM), and Ctrip.com International, Ltd. (ADR) (CTRP)

Oct 26, 2015 at 10:06 AM
facebook X logo linkedin


U.S. stocks are mixed this morning, due to a case of pre-Fed jitters. Among the equities in focus are energy firm Duke Energy Corp (NYSE:DUK), automaker General Motors Company (NYSE:GM), and China-based travel service provider Ctrip.com International, Ltd. (ADR)(NASDAQ:CTRP).

  • DUK is 2.4% lower at $71.95, after announcing that it is going to purchase Piedmont Natural Gas Company, Inc. (NYSE:PNY) for roughly $4.9 billion. Duke Energy Corp offered $60 in cash for each PNY share -- a nearly 42% premium over PNY's Friday close. Shares of DUK have shed 13.9% in 2015, wilting under pressure from their 10-month moving average. Option bulls aren't deterred by stock's price weakness. The equity's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio checks in at 5.08, in the 98th percentile of readings taken in the past year. 
  • GM inched 0.8% lower to $35.68, even as it reached a tentative last-minute deal with the United Auto Workers (UAW) union to avert a strike. General Motors Company and the UAW reached the agreement at 11:43 PM ET Sunday, minutes before the union would be eligible to call a strike against the automaker. UAW will present the tentative deal to its national council on Wednesday, and -- if approved -- it could go to GM's 52,500 UAW-represented workers for a vote. Not long ago, Fiat Chrysler Automobiles NV (NYSE:FCAU) secured a deal with the UAW. While GM has advanced roughly 45% since August's three-year low of $24.62 -- helped by last week's earnings report -- pessimism rules the option pits. GM's 10-day put/call volume ratio on the ISE/CBOE/PHLX of 0.97 is higher than 92% of the readings taken in the past 52 weeks.
  • CTRP jumped 25% to $92.92 -- and hit an all-time high of $97.29 -- bringing its year-to-date gain to 103%, thanks to news that it will team up with rival Qunar Cayman Islands Ltd (NASDAQ:QUNR). QUNR's largest shareholder, Baidu Inc (ADR) (NASDAQ:BIDU) will swap shares with Ctrip.com International, Ltd. (ADR), giving CTRP a 45% voting interest in QUNR. As a result of the swap, BIDU will own 25% of CTRP. This news could cause some tension in the options pits, as CTRP's 50-day put/call volume ratio on the ISE/CBOE/PHLX comes in at 1.33, in the 99th percentile of its annual range. 
 

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