Today's stocks to watch include Broadcom Ltd (AVGO), Twitter Inc (TWTR), Avianca Holdings SA (ADR) (AVH)
U.S. stocks are down following a disappointing nonfarm payrolls report. Among equities in focus today are semiconductor stock Broadcom Ltd (NASDAQ:AVGO), social media company Twitter Inc (NYSE:TWTR), and airline Avianca Holdings SA (ADR) (NYSE:AVH).
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AVGO is up 6.7% to $165.40 – a new all-time high for the semiconductor stock-- after delivering an upbeat earnings report and earning a slew of subsequent price-target increases. The company also issued an optimistic forecast for the current quarter. This latest move puts AVGO shares up nearly 30% so far this year. There's likely a few options bears kicking rocks right now, as AVGO's 50-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE) and NASDAQ OMX PHLX (PHLX) of 1.1 sits in the 93rd percentile of its range from the past 12 months.
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TWTR is down 1% at $15.05, after it came to light the company reportedly considered tossing its hat in the ring to acquire Yahoo! Inc. (NASDAQ:YHOO), sources told The New York Post. The struggling social media stock hit its all-time low in late May, and has been struggling to break above its 10- and 20-week moving averages for the past 12 months. In 2016 alone, Twitter Inc has declined over 35%, and the shares have underperformed the greater S&P 500 Index (SPX) by almost 20 percentage points over the last 60 sessions. Option buyers have been keen on TWTR calls, however, with TWTR's 10-day ISE/CBOE/PHLX call/put volume ratio of 4.4 sitting higher than 96% of all other readings from the past year.
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