Buzz Stocks: Caterpillar Inc., Advanced Micro Devices, Inc., and Vitae Pharmaceuticals Inc

Today's stocks to watch include Caterpillar Inc. (CAT), Advanced Micro Devices, Inc. (AMD), and Vitae Pharmaceuticals Inc (VTAE)

by Kirra Fedyszyn

Published on Mar 17, 2016 at 9:29 AM
Updated on Mar 17, 2016 at 9:30 AM

U.S. stocks are set to open lower this morning, as traders react to blue-chip guidance, the latest economic data, and a dismal day in Europe. Among equities in focus are construction equipment producer Caterpillar Inc. (NYSE:CAT), chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD), and biotech stock Vitae Pharmaceuticals Inc (NASDAQ:VTAE).

  • Dow component CAT is down 2.1% in pre-market trading, after lowering its first-quarter earnings and revenue guidance, while leaving its full-year outlook unchanged. Caterpillar Inc. is ahead 9.4% in 2016, as of its Wednesday close at $74.34, and recently broke through its 200-day moving average for the first time since late 2014. However, today's expected pullback could delight the growing crop of option bears. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 50-day put/call volume ratio of 3.11 represents an annual high.
  • AMD is in talks to license its graphics technology to Intel Corporation (NASDAQ:INTC), according to Bloomberg reports, sending the chipmaker up 4.9% ahead of the open, after closing at $2.63 on Wednesday. Advanced Micro Devices, Inc. has been on an upswing since mid-February, and has added nearly 23% already in March. At the moment, 16 out of 20 brokerage firms rate the stock a "hold" or worse, leaving the door open for potential upgrades to propel AMD higher. Also, more than 16% of the security's available float is wrapped up in short interest -- worth almost 14 days of trading, at AMD's typical daily volume -- indicating plenty of buying power on the sidelines.
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!

A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report before it's too late!


  
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.
Google Postpones Android Reveal, "Now is Not the Time to Celebrate"
"Now is not the time to celebrate," Google said in a message on its website
ZNGA Zooms to 8-Year High on Billion-Dollar Deal
ZNGA is planning to buy Peak for $1.8 billion
Huge New Legal Marijuana Market Has Shortage Crisis
250 million Europeans have access to medical marijuana. There's already a shortage....