Analyst Update: Fossil Group, Microsoft, TerraForm Power

Analysts adjusted their ratings on Fossil Group Inc (FOSL), Microsoft Corporation (MSFT), and TerraForm Power Inc (TERP)

Dec 18, 2015 at 1:55 PM
facebook X logo linkedin


Analysts are weighing in today on accessories designer Fossil Group Inc (NASDAQ:FOSL), tech giant Microsoft Corporation (NASDAQ:MSFT), and solar energy interest TerraForm Power Inc (NASDAQ:TERP). Here's a quick roundup of today's brokerage notes on FOSL, MSFT, and TERP.

  • FOSL is trading 3.5% lower at $36.46 today, after Goldman Sachs downgraded the stock to "sell" from "neutral," and cut its price target to $26 from $38. In a note to clients, Goldman cited increasing competition from wearables, such as the Apple Watch, as one likely headwind for watch giant FOSL. Fossil Group Inc has already given up 67% of its value so far this year, exacerbated by a bearish post-earnings gap in November. Options traders, however, have been favoring calls -- on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock has a 10-day call/put volume ratio of 4.15, which ranks in the 88th percentile of all readings taken in the past year.

  • MSFT is down 1.2% at $55.04, shortly after announcing it will acquire data analytics company Metanautix. Microsoft Corporation got a big nod from Goldman Sachs earlier in the day; the brokerage upgraded MSFT to "neutral," removed the stock from its "Americas Sell" list, and raised its price target to $57 from $45. An analyst at the firm told clients, "we were wrong," noting MSFT's potential to move higher as it transitions more of its business to the cloud. The stock has climbed nearly 19% in 2015, and options traders continue to place bullish bets. At the ISE, CBOE, and PHLX, Microsoft holds a 50-day call/put volume ratio of 3.12 -- one percentage point shy of an annual high.

  • TERP is trading 3.8% higher at $12.86 today as solar energy stocks continue their rally, and the stock is also capitalizing on a price-target hike to $9 from $6 at UBS. TerraForm Power Inc has been clawing its way back from an all-time low at $6.73 in late November, but still sits on a 58.4% year-to-date loss. Options traders are still looking favorably on the stock, though. TERP has a Schaeffer's put/call open interest ratio (SOIR) of 0.53, which ranks higher than only 18% of readings in the past year -- indicated that near-term traders are favoring calls over puts by an unusually wide margin.
For other stocks in analysts' crosshairs, read Analyst Upgrades: Fitbit Inc, Red Hat Inc, and Rewalk Robotics Ltd and Analyst Downgrades: United Parcel Service, Inc., Knight Transportation, and Intercept Pharmaceuticals Inc.
 

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