AAL

Buzz Stocks: Wal-Mart Stores, Inc., Angie's List Inc, and Herbalife Ltd.

Today's stocks to watch include Wal-Mart Stores, Inc. (WMT), Angie's List Inc (ANGI), and Herbalife Ltd. (HLF)

Nov 17, 2015 at 10:10 AM
facebook X logo linkedin


U.S. exchanges are struggling for direction, as traders weigh a drop in crude, the latest economic data, and a pair of positive blue-chip earnings. Among the equities in focus are retail blue chip Wal-Mart Stores, Inc. (NYSE:WMT), service review company Angie's List Inc (NASDAQ:ANGI), and nutritional supplement concern Herbalife Ltd. (NYSE:HLF).

  • WMT is paring its year-to-date deficit after reporting third-quarter earnings above expectations. The shares of Wal-Mart Stores, Inc. are up 3.3% so far this morning, last seen trading at $59.80 -- on pace for their highest close since the Oct. 14 bear gap. If this upward trend continues, near-term options traders should be pleased. WMT's Schaeffer's put/call open interest ratio (SOIR) of 0.58 is lower than all but 18% of readings taken in the past year, suggesting near-term traders have been particularly call-heavy lately. Luckily for them, yesterday's news of a major investor cutting his stake did not have any negative effect on the shares. Still, 17 out of 20 firms following the stock give it a "hold" rating, leaving the door open for possible upgrades in light of the positive earnings news. 
  • HLF lost a major investor in Soros Fund Management, as the hedge fund pulled out of the nutrition company and took new positions in Amazon.com, Inc. (NASDAQ:AMZN) and Netflix, Inc. (NASDAQ:NFLX), amongst others. Nevertheless, Herbalife Ltd. shares were last seen trading 0.5% higher at $55.54, and have added 47.2% so far this year. Still, skepticism prevails. HLF's SOIR of 1.85 is higher than three-fourths of all readings taken in the past year. And, with more than one-fourth of HLF's total float sold short -- accounting for nearly 23 days of trading, at the stock's typical daily pace -- a short-covering rally could help the shares extend their upward momentum.

 

Same-Day Trading Power: +227% YTD and Counting  — Get in for $10!

We're celebrating 44 years of helping traders win, and you can now tap into one of our most explosive services — Dynamite Day Trading Signals — for just $10.

This service was built for one thing: capturing intraday gains with precision. 

Access two highly-vetted options trades each week -  Complete with defined entries, exits, and a clear plan for same-day profits.

👉 Click Here to Learn More and Position Yourself to Take Action When the Next Alert Hits.