Buzz Stocks: Deere & Company, HP Inc, and BioMarin Pharmaceuticals Inc.

Today's stocks to watch include Deere & Company (DE), HP Inc (HPQ), and BioMarin Pharmaceutical Inc. BMRN)

Nov 25, 2015 at 9:44 AM
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U.S. stocks are pointed higher this morning on a fresh round of economic data, even as crude oil slides back from yesterday's win. Among the equities in focus are agricultural equipment maker Deere & Company (NYSE:DE), tech concern HP Inc (NYSE:HPQ), and biotech interest BioMarin Pharmaceutical Inc. (NASDAQ:BMRN).

  • DE is 4.5% higher at $79.80 this morning, after announcing quarterly earnings that beat estimates on the Street, even though revenue fell short. The last time Deere & Company reported earnings -- in late August -- it forecast lower sales for the 2015 fiscal year, sending the shares to a one-day loss of 8.1%. This time around, though, bears could be sweating; currently, 12% of DE's float is sold short, and it would take nearly two full weeks of trading to cover those positions at the stock's typical daily volume.
  • HPQ reported quarterly earnings last night, for the first time since the company began trading separately from Hewlett-Packard Enterprise Co (NYSE:HPE). Unfortunately, earnings and revenue came in below expectations, dropping HP Inc 12.8% to $12.77 this morning. The company has been having a rough time for most of the year, losing nearly one-third of its value so far in 2015, and underperforming the S&P 500 Index (SPX) by more than 50 percentage points over the past three months -- though the shares have been trending higher since the company split. Options traders have remained pessimistic, as the stock's 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) is just one percentage point shy of a 52-week high, at 2.99.


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