Buzz Stocks: Apple Inc., TerraForm Global Inc, and TrovaGene Inc

Today's stocks to watch include Apple Inc. (AAPL), TerraForm Global Inc (GLBL), and TrovaGene Inc (TROV)

Mar 29, 2016 at 9:29 AM
facebook X logo linkedin


Stocks could struggle out of the gate, with Dow futures pointed lower ahead of today's speech from Fed Chair Janet Yellen. Among the equities in focus today are iPhone maker Apple Inc. (NASDAQ:AAPL), renewable energy firm TerraForm Global Inc (NASDAQ:GLBL), and diagnostics stock TrovaGene Inc (NASDAQ:TROV)

  • The Justice Department has dropped its lawsuit against AAPL, after investigators were finally able to access the iPhone of San Bernardino shooter Syed Farook. On the charts, Apple Inc. has been consolidating above $100 for the past several weeks, and settled yesterday at $105.19. Meanwhile, short-term options traders have been targeting the stock's calls over puts. Specifically, AAPL's Schaeffer's put/call open interest ratio (SOIR) stands at 0.64 -- which ranks lower than all but 8% of comparable readings taken in the last year.
  • GLBL is poised to plunge 20% at the open -- and into record-low territory -- after the firm said it will delay filing its annual report. TerraForm Global Inc also warned that parent company Sunedison Inc (NYSE:SUNE) is at "substantial risk" of bankruptcy, which could "have a material adverse effect on TerraForm Global." It's already been a bad enough year for GLBL, which has surrendered over 55% of its value in 2016 to close Monday at $2.50. But bears have been betting on even more losses for the stock, with short interest rising 5.6% in the latest reporting period to account for 6.2% of GLBL's float.
  • TROV has fired two of its top executives and is now suing them for allegedly failing to "present a lucrative corporate opportunity to Trovagene ... and instead [taking] that opportunity for their own personal benefit." As a result, the stock is poised to plunge nearly 23% at the open. Longer term, TrovaGene Inc has been less than impressive, losing over 26% from its March 8 year-to-date high of $6.93 to settle last night at $5.11. Short sellers are counting on additional downside. During the last two reporting periods, short interest on TROV spiked roughly 24%, and nearly 21% of the stock's float is currently sold short.
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!
 

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