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Buzz Stocks: Tesla Motors Inc, Wal-Mart Stores, Inc., and Kite Pharma Inc
Today's stocks to watch in the news include Tesla Motors Inc (NASDAQ:TSLA), Wal-Mart Stores, Inc. (NYSE:WMT), and Kite Pharma Inc (NASDAQ:KITE)
Celeste Taylor
Jul 11, 2016 at 10:24 AM
AMZN
|
BLFS
|
SCTY
|
WMT
|
TSLA
|
KITE
Today's stocks to watch in the news include Tesla Motors Inc (TSLA), Wal-Mart Stores, Inc. (WMT), and Kite Pharma Inc (KITE)
U.S. stocks
are hovering in record-high territory amid
expectations of a possible stimulus plan in Japan
. Among equities in focus today are electric automaker
Tesla Motors Inc (NASDAQ:TSLA)
, retail stock
Wal-Mart Stores, Inc. (NYSE:WMT)
, and biotech
Kite Pharma Inc (NASDAQ:KITE)
.
TSLA
is up 3.3% at $224.01, after the company's CEO
Elon Musk tweeted that he is working on a "Top Secret Tesla Masterplan,"
which he is "hoping to publish later this week." The stock has had a bumpy few weeks since TSLA's
Autopilot feature came under scrutiny
and after Musk announced his intent to
purchase struggling energy stock SolarCity Corp (NASDAQ:SCTY)
. Longer term, TSLA shares are down almost 15% year-over-year, and short sellers have been betting on additional losses. Short interest edged up in the latest reporting period, and now 27.3% of TSLA's stock is sold short. The stock could resume its downtrend, should these bearish bettors continue to increase their exposure.
WMT
is up 0.4% at $74.11, after
the retail giant said it will offer free shipping this week on all online orders
to compete with Amazon.com, Inc.'s (NASDAQ:AMZN)
much-anticipated "Prime Day."
More broadly speaking, Wal-Mart Stores, Inc. is up 21% year-to-date -- and
managed to avoid last quarter's retail-sector slump
. Analysts are skeptical, though, with 73% rating WMT a "hold" or worse, leaving plenty of room for a round of upgrades, should the shares continue to outperform. Option players have shown a penchant for long puts over calls in recent months, with WMT's 50-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) of 1.86 sitting higher than 93% of all other readings from the past year.
KITE
is down 0.1% at $48.46, after the the firm unveiled a
10-year supply agreement with BioLife Solutions Inc (NASDAQ:BLFS)
for the use of BLFS' cell preservation product, CryoStor. On the charts, KITE is down 21.4% year-to-date, with recent rally attempts rejected near the $56-60 neighborhood.
Call buyers have been keen on KITE in recent months
, albeit amid relatively low absolute volume. Kite Pharma Inc's 50-day ISE/CBOE/PHLX
call/put volume ratio
sits at 4.89, in the 90th percentile of its 12-month range.
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