Buzz Stocks: FXCM Inc, Sunedison Inc, and Zumiez Inc.

Today's stocks to watch include FXCM Inc (FXCM), Sunedison Inc (SUNE), and Zumiez Inc. (ZUMZ)

Mar 11, 2016 at 9:28 AM
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A bounce in oil prices has stocks poised for a fast start out of the gate. Among equities in focus are forex concern FXCM Inc (NYSE:FXCM), solar stock Sunedison Inc (NYSE:SUNE), and apparel retailer Zumiez Inc. (NASDAQ:ZUMZ).

  • FXCM reported a roughly $105 million net loss during the fourth quarter and a 34% year-over-year drop in revenue. In addition, the foreign exchange firm extended its credit agreement with Leucadia National Corp. (NYSE:LUK) by one year. The stock market is apparently not impressed, with FXCM Inc sitting more than 20% lower ahead of the open. It's a tough break for the shares, which have been rallying off their record low of $5.26 in December to settle yesterday at $14.57. While owners of FXCM stock may not be pleased with a potential sell-off, short sellers would be -- and there are plenty of them. Plus, short-term option traders appear to be bearishly aligned, too, as FXCM's Schaeffer's put/call open interest ratio (SOIR) of 0.32 ranks in the 85th percentile of its annual range.
  • ZUMZ has shed close to 8% ahead of the bell, after the retailer's current-quarter earnings and sales forecasts came up short of estimates. The reaction among analysts has been mixed, as Mizuho and Jefferies raised their respective price targets to $19 and $20, while Wedbush cut its target to $17. Zumiez Inc. has been on fire in 2016, gaining 44.7% to trade at $21.88. At the same time, however, the stock has been a popular target among short sellers. Over one-quarter of ZUMZ's float is dedicated to short interest, and at its average trading volumes, it would take nearly 13 sessions to cover all of these bets.
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