Buzz Stocks: Eli Lilly and Co, Fairchild Semiconductor Intl Inc, and Mobileye NV

Today's stocks to watch include Eli Lilly and Co (NYSE:LLY), Fairchild Semiconductor Intl Inc (NASDAQ:FCS), and Mobileye NV (NYSE:MBLY)

Jan 5, 2016 at 9:37 AM
facebook twitter linkedin


Another tumultuous trading day in China has U.S. benchmarks again facing an uphill battle this morning. Among the equities in focus are drugmaker Eli Lilly and Co (NYSE:LLY), chipmaker Fairchild Semiconductor Intl Inc (NASDAQ:FCS), and driver-assistance software maker Mobileye NV (NYSE:MBLY). 

  • LLY is 0.7% higher out of the gate, despite the company cutting its full-year sales and earnings forecasts and offering up a downbeat 2016 outlook. Though the shares have added nearly 20% in the past 12 months to trade at $81.78, they spent the second half of 2015 mostly bouncing between $80 and $88. Still, option traders appear ready for a breakout. Eli Lilly and Co's 10-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands at 2.66, which tops 65% of readings from the past year. This represents quite a change from how option speculators felt one month ago.
  • MBLY is also starting the day strong, with the shares 1.6% higher at $40.57. Traders are reacting to news that the company is furthering its partnership with General Motors Company (NYSE:GM), with the firms exploring the use of new mapping technology. The shares have dropped 37% since their mid-August all-time high of $64.47, and Citron Research thinks further losses are in store. Citron isn't the only one bearish on Mobileye NV. Over 24% of the stock's float is sold short, accounting for almost 14 days' worth of buying power, at normal daily volumes. 

What This Election Year Means for Stocks

Ipad with I voted sticker

  


 
Special Offers from Schaeffer's Trading Partners