EARN25

Buzz Stocks: Groupon Inc, Ford Motor Company, and Oracle Corporation

Today's stocks to watch in the news include Groupon Inc (NYSE:GRPN), Ford Motor Company (NYSE:F), and Oracle Corporation (NYSE:ORCL)

Jul 28, 2016 at 10:15 AM
facebook X logo linkedin


U.S. stocks are down, as traders eye the latest batch of earnings reports. Among equities in focus today are discount provider Groupon Inc (NASDAQ:GRPN), automaker Ford Motor Company (NYSE:F), and software stock Oracle Corporation (NYSE:ORCL).

  • GRPN is up 33.6% at $5.05 -- among the best-performing Nasdaq stocks thus far -- after a better-than-expected earnings report and upwardly revised full-year revenue forecast. No fewer than eight analysts issued price-target hikes in the wake of GRPN's earnings report, including Piper Jaffray, which hiked its target to $6.50 from $6. Groupon Inc is now up 64.5% for the year, and set to close above its 80-week moving average for the first time since April 2014. Quite a few short sellers could be shaking in their boots. Short interest represents 14% of GRPN's total available float, and would take nearly 12 sessions to buy back, at the equity's average pace of trading. 
  • is down 8.3% at $12.69 -- the biggest S&P 500 Index (SPX) loser, at last check -- after delivering disappointing earnings. Further, CFO Bob Shanks said Ford's full-year guidance "is at risk," and that "we don't see growth, at least in the near term." The automaker has been making a series of lower highs and lows since mid-2014, with recent rebound attempts contained by its 10-month moving average. There's likely some distress in Ford Motor Company's option pits this morning, with F's Schaeffer's put/call open interest ratio (SOIR) of 0.68 in just the 12th percentile of its annual range, suggesting short-term option players have been unusually call-biased as of late

Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check

 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!