Buzz Stocks: H & R Block Inc, Global Blood Therapeutics Inc, and Tesla Motors Inc

Today's stocks to watch in the news include H & R Block Inc (HRB), Global Blood Therapeutics Inc (GBT), and Tesla Motors Inc (TSLA)

Jun 10, 2016 at 9:41 AM
facebook X logo linkedin

Global woes and sinking crude oil are weighing on U.S. stocks this morning. Among equities in focus today are tax specialist H & R Block Inc (NYSE:HRB), biotech stock Global Blood Therapeutics Inc (NASDAQ:GBT), and electric car maker Tesla Motors Inc (NASDAQ:TSLA).

  • HRB is up 1.3% at $21.83, after the company reported fiscal fourth-quarter earnings that beat expectations, and announced it would boost its quarterly dividend to 22 cents per share. Longer term, H & R Block Inc has had a rough year, giving up 34% in 2016. That said, today's upbeat news could send bears to the exits. Short interest on HRB has been on the rise for months, and now accounts for more than 10% of the stock's total float. Options traders have been betting against HRB more than usual, too. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 50-day put/call volume ratio of 0.97 ranks higher than 94% of the past year's readings.
  • GBT has added 7% to trade at $23.69, on news of positive results in an early trial of its sickle-cell disease treatment. While all three covering analysts already hold "buy" or better ratings on Global Blood Therapeutics Inc, the stock could stand to benefit from a short-squeeze situation. Specifically, the 16.2% of GBT's total float sold short would take nearly eight sessions to buy back, at the stock's typical daily pace. The shares are still off 45% relative to their closing price on their first day of public trading last August. However, GBT seems to have found an ally in the form of its 80-day moving average, which has provided support since early April -- with the stock moving steadily higher since then.
  • TSLA is sitting 1.6% lower at $225.68, as the company battles claims that there may be a defect in the suspension of its Model S sedan. Tesla Motors Inc has also denied accusations that it's dissuaded customers from reporting the issue, calling them "preposterous." This morning's dip may have a recent string of option bulls biting their nails. The stock's 10-day call/put volume ratio on the ISE, CBOE, and PHLX has risen to 1.28, in the 83rd percentile of its annual range. With the loss, TSLA shares are now down 6% year-to-date.
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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI