Buzz Stocks: Tesla Motors Inc, Mobileye NV, and Chipotle Mexican Grill, Inc.

Today's stocks to watch in the news include Tesla Motors Inc (NASDAQ:TSLA), Mobileye NV (NYSE:MBLY), and Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jul 1, 2016 at 9:54 AM
facebook X logo linkedin


Stocks are sticking close to the flatline this morning, ahead of a raft of economic data and a long holiday weekend. Meanwhile, among specific equities in focus are electric car concern Tesla Motors Inc (NASDAQ:TSLA), tech stock Mobileye NV (NYSE:MBLY), and burrito chain Chipotle Mexican Grill, Inc. (NYSE:CMG).

  • TSLA stock is down 1.8% at $208.52, after the National Highway Traffic Safety Administration (NHTSA) said it will investigate a fatal accident involving the firm's Model S sedan. Specifically, the driver was killed while using the "Autopilot" function -- the first known fatality of its kind, according to Tesla Motors Inc. On the charts, TSLA had been battling back since hitting a three-month low on the heels of its buyout bid for SolarCity Corp (NASDAQ:SCTY), but ran out of steam at its formerly supportive 120-day moving average on Thursday. Short interest, meanwhile, edged up in the latest reporting period, and now accounts for a whopping 27.3% of TSLA's available float -- or 7.3 times the average daily trading volume.

  • MBLY has reversed course after initially falling in sympathy with TSLA, up 1.5% at $46.85. Fresh off yesterday's news of a big blue-chip partnership to develop self-driving car technology, Mobileye NV issued a statement over the Model S fatality, saying its systems "will include Lateral Turn Across Path (LTAP) detection capabilities beginning in 2018, and the Euro NCAP safety ratings will include this beginning in 2020." On the charts, MBLY has surged nearly 99% since hitting a record low of $23.57 in early February -- and analysts are optimistic. Ten out of 12 brokerage firms maintain a "buy" or better rating on the stock, compared to two "holds" and not a single "sell."

  • CMG's chief creative and development officer, Mark Crumpacker, has been indicted in a cocaine drug ring. This is just the latest PR nightmare for the firm, and Chipotle Mexican Grill, Inc. has since put Crumpacker -- one of its highest-paid executives -- on administrative leave. At last check, shares of CMG were down 0.8% at $399.50, widening their year-over-year deficit to 34.5%. Nevertheless, options traders have initiated long calls over puts at an annual-high clip in recent weeks. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), CMG's 10-day call/put volume ratio of 1.36 ranks higher than all other readings taken in the past 52 weeks.
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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI