Analyst Update: EMC Corporation, Intel Corporation, and Monster Beverage Corporation

Analysts revised their ratings and price targets on EMC Corporation (EMC), Intel Corporation (INTC), and Monster Beverage Corporation (MNST)

Jul 18, 2016 at 2:55 PM
facebook X logo linkedin


Analysts are weighing in on tech stocks EMC Corporation (NYSE:EMC) and Intel Corporation (NASDAQ:INTC), as well as energy drink maker Monster Beverage Corporation (NASDAQ:MNST)Here's a quick roundup of today's brokerage notes on EMC, INTC, and MNST.

  • EMC saw its rating cut to "market perform" from "outperform," but is up fractionally at $27.56. Of course, a bigger move could be in store, with EMC Corporation scheduled to report earnings after the close. In the options arena, expectations are extremely high ahead of the event. In the last 10 days across the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), traders have bought to open 9.19 EMC calls for every put -- a ratio that ranks in the 95th annual percentile. Technically speaking, the stock is up over 7% on the year -- but remains stuck beneath this key trendline.
  • INTC received price-target hikes at RBC (to $36) and Canaccord Genuity (to $40). At last check, though, the chip stock is off 0.1% at $35.05 -- failing to capitalize on sector-related tailwinds -- ahead of Wednesday night's earnings report. Bullish analyst attention is nothing new for Intel Corporation. Nineteen brokerage firms rate the shares a "buy" or better, compared to nine "holds," one "sell," and two "strong sells." Technically speaking, INTC is just a stone's throw away from its annual high of $35.59, touched in late December.
  • MNST has sunk 3.7% at $155.59, after Wells Fargo lowered its opinion to "market perform" from "outperform." However, the stock -- which has picked up more than 4% year-to-date -- may have found a foothold at its 50-day moving average. Options traders have been betting on extended losses for Monster Beverage Corporation in recent weeks. The stock's 10-day ISE/CBOE/PHLX put/call volume ratio checks in at 1.68, in the top quartile of its annual range.

For other stocks in analysts' crosshairs, read Analyst Upgrades: Groupon Inc, Transocean Ltd, and Twilio Inc and Analyst Downgrades: 3D Systems Corporation, Cypress Semiconductor Corporation, and Merck & Co., Inc.

 

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