Today's stocks to watch in the news include Goldman Sachs Group Inc (GS), Heron Therapeutics Inc (HRTX), and Sunedison Inc (SUNE)
U.S. stocks are set to open higher,
thanks to a rebound in crude oil prices. Among equities in focus today are financial firm
Goldman Sachs Group Inc (NYSE:GS), drugmaker
Heron Therapeutics Inc (NASDAQ:HRTX), and solar stock
Sunedison Inc (NYSE:SUNE).
- GS reported a slump in earnings for the fourth straight quarter, though its per-share profit still topped estimates. Meanwhile, the bank's revenue dropped roughly 40% year-over-year -- to the lowest level in more than four years -- and came up short of the Street's consensus view. The collective news has Goldman Sachs Group Inc ready to steepen its nearly 12% year-to-date deficit, off 0.4% ahead of the bell, after closing at $159.02 last night. Heading into the event, short-term options traders were extremely call-skewed. Meanwhile, short sellers have been heading to the sidelines. During the most recent reporting period, short interest on GS plummeted 43%, and now less than 1% of the stock's float is sold short.
- HRTX is ready to explode 16.8% higher out of the gate, after the U.S. Food and Drug Administration (FDA) said there were no deficiencies in the biotech's marketing application for anti-vomiting drug Sustol, and added that labeling talks have commenced. Today's expected bull gap will help close Heron Therapeutics Inc's year-to-date hole of 19.5%, which has the stock resting at $21.49. On the sentiment front, analysts are all in on HRTX, as 100% consider the shares worthy of a "strong buy" endorsement.
- Activist investor David Einhorn and his hedge fund Greenlight Capital have each slashed their stakes in SUNE, according to recent SEC filings. The news is drilling the stock in pre-market trading, with Sunedison Inc down 3.1% after closing Monday at $0.34. Of course, the shares are no stranger to big losses, losing nearly all of their value over the past few months amid mounting bankruptcy buzz. Meanwhile, short-term options traders have grown extremely put-skewed toward SUNE. The stock's Schaeffer's put/call open interest ratio (SOIR) registers at an annual high of 1.64.
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