Buzz Stocks: Zynga Inc, Weight Watchers International, Inc., and Rackspace Hosting, Inc.

Today's stocks to watch in the news include Zynga Inc (NASDAQ:ZNGA), Weight Watchers International, Inc. (NYSE:WTW), and Rackspace Hosting, Inc. (NSYE:RAX)

Aug 5, 2016 at 10:10 AM
facebook X logo linkedin


U.S. stocks are comfortably higher after an upbeat U.S. nonfarm payrolls report. Among equities in focus today are mobile gaming stock Zynga Inc (NASDAQ:ZNGA), weight management stock Weight Watchers International, Inc. (NYSE:WTW), and cloud management firm Rackspace Hosting, Inc. (NYSE:RAX).

  • ZNGA is down 6.4% at $2.78, after issuing a weak current-quarter bookings forecast.  However, Credit Suisse and Benchmark both raised their price targets for ZNGA, to $2.89 and $3.48, respectively, in yet another bullish brokerage move for the gaming stock. Today's fall comes just one day after Zynga Inc touched a new annual high of $3.02, but the stock could find support atop its ascending 10-week moving average. Near-term option traders were bullish ahead of earnings, with ZNGA's 50-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sitting at 10.71, higher than 95% of all other readings from the past 12 months.

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

 

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