Buzz Stocks: Procter & Gamble Co, T-Mobile US Inc, TerraForm Power Inc

Today's stocks to watch include Procter & Gamble Co (PG), T-Mobile US Inc (TMUS), and TerraForm Power Inc (TERP)

Apr 26, 2016 at 11:27 AM
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U.S. stocks have turned lower this morning, as traders weigh the latest flood of earnings reports and await the Federal Open Market Committee (FOMC) two-day policy meeting. Among the equities in focus today are blue-chip manufacturer Procter & Gamble Co (NYSE:PG), mobile communications company T-Mobile US Inc (NASDAQ:TMUS), and clean power provider TerraForm Power Inc (NASDAQ:TERP).

  • PG is down 1.4% at $80.33, after reporting fiscal third-quarter earnings. The consumer packaged goods manufacturer reported stronger-than-expected per-share earnings, but said revenue declined by more than expected. Procter & Gamble Co cited a strong dollar, brand divestitures, and the Venezuela deconsolidation as factors for the weak sales, and cautioned that increased advertising costs, higher tax rates, and continued pressure from the dollar will factor into earnings in the coming quarter. PG is now testing a foothold in the $80-$81 area, which has acted as a launching pad during the past few months. PG’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 1.7, indicating that just under two calls have been bought to open for every put during the past two weeks. This rate is higher than 79% of all other readings for the past year, indicating a bullish bias heading into earnings.
  • TERP has also given up an early lead, down 0.8% at $10.46, after naming Peter Blackmore as its interim CEO. TerraForm Power Inc and Terraform Global Inc (NASDAQ:GLBL), yieldcos of solar power company Sunedison Inc (SUNE), have enough assets to operate and were not part of Sunedison's bankruptcy filing. Although TerraForm Power Inc was formerly falling side by side with Sunedison, TERP has managed to outperformed the broader S&P 500 Index (SPX) by over 20 percentage points in the past month, but analysts still remain unconvinced, with five of eight rating the stock "hold." 


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