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
facebook twitter linkedin


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.
 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Common mistakes options traders make
 


 


 
Special Offers from Schaeffer's Trading Partners