Buzz Stocks: Dollar General Corp., Express, Inc., and FuelCell Energy Inc

Today's stocks to watch in the news include Dollar General Corp. (NYSE:DG), Express, Inc. (NYSE:EXPR), and FuelCell Energy Inc (NASDAQ:FCEL)

Dec 1, 2016 at 9:29 AM
facebook twitter linkedin


U.S. stock futures are signaling a flat open, following this morning's report on weekly jobless claims. Among specific equities in focus today are retailers Dollar General Corp. (NYSE:DG) and Express, Inc. (NYSE:EXPR), as well as energy stock FuelCell Energy Inc (NASDAQ:FCEL). Here's a quick look at what's driving DG, EXPR, and FCEL.

  • DG is set to tank at the open, down 4.8% in electronic trading, following the company's disappointing third-quarter earnings report -- including a surprise drop in same-store sales. The company noted a "challenging retail environment" during the quarter. A round of bearish analyst attention could drop Dollar General Corp. even further. At the moment, 11 brokerage firms recommend buying the stock. DG shares closed Wednesday at $77.32, down more than 20% since their record peak of $96.88 in late July.  
  • An ugly full-year forecast has EXPR down 17.8% ahead of the open -- which would be a larger move than the options market expected -- and on pace to open in four-year-low territory. Making matters worse, CEO David Kornberg added, "We expect the holiday season to remain challenging." At $13.36 last night, Express, Inc. was already down almost 23% year-to-date, and short sellers have taken notice. During the most recent reporting period, short interest on EXPR popped 30.3%. 
  • FCEL is set to open 11.1% lower, which would put the shares at all-time lows, after the company announced it has cut roughly 17% of its workforce, and delivered a disappointing sales outlook. A year ago, FuelCell Energy Inc was trading above $10 per share, but closed Wednesday at $2.25. Not surprisingly, the stock was seated deep in oversold territory, according to its 14-day Relative Strength Index (RSI) of 22. 

Stay on top of overnight news & big morning movers. Sign up now for Schaeffer's Opening View.

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners