Buzz Stocks: Big Lots, Inc., JinkoSolar Holding Co., Ltd., and LendingClub Corp

Today's stocks to watch include Big Lots, Inc. (BIG), JinkoSolar Holding Co., Ltd. (JKS), and LendingClub Corp 9LC)

May 27, 2016 at 10:11 AM
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U.S. stocks are holding on to tenuous gains ahead of Fed Chair Janet Yellen's speech. Among equities in focus are discount retailer Big Lots, Inc. (NYSE:BIG), solar energy stock JinkoSolar Holding Co., Ltd. (NYSE:JKS), and online lender LendingClub Corp (NYSE:LC).

  • JKS is down 4% at $22.45 after earnings, despite the company waxing optimistic on the industry. "Global solar demand continues to grow as costs go down," said JKS CEO Kangping Chen, adding that a "number of big orders" continue to roll in from China -- "a trend we believe will continue into the second quarter." JinkoSolar Holding Co., Ltd., is down more than 18% in 2016, and has struggled to overcome resistance from its 320-day moving average. Options traders have been especially bullish on the stock, though, with JKS' 50-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE) and NASDAQ OMX PHLX (PHLX) sitting in the 99th percentile of its annual range, at 3.2.

 

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