Under Armour, Pfizer, Coach News Today

Today's stocks to watch in the news include Under Armour Inc (UAA), Pfizer Inc. (PFE), and Coach Inc (COH)

Jan 31, 2017 at 9:19 AM
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Dow futures are pointing to another down day as the Federal Open Market Committee prepares to kick off its two-day policy meeting. Among specific equities in the spotlight are athletic apparel maker Under Armour Inc (NYSE:UAA), drug stock Pfizer Inc. (NYSE:PFE), and retail concern Coach Inc (NYSE:COH). Here's a quick look at what's driving UAA, PFE, and COH.

Under Armour on Pace for Three-Year Low After Earnings

UAA is set to drop more than 24% at the open after the company reported quarterly earnings below expectations, along with a disappointing full-year outlook, and announced its CFO, Chip Molloy, is stepping down. Should these losses materialize, the stock could find itself at a three-year low after closing Monday at $28.94. Bearish options traders should be pleased, at least. Under Armour Inc holds a 10-day put/call volume ratio of 1.47 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) -- higher than 87% of the past year's readings.

Disappointing Earnings, Outlook Weigh on Pfizer

An earnings miss and lower-than-expected revenue guidance has PFE off 1% in pre-market trading. While Pfizer Inc. is slightly higher from its Election Day close, the shares have been slipping so far in 2017, down 3.6% at $31.31 -- though the $31 level seems to be holding as support. Should the losses continue, short sellers may be wishing they'd stuck around longer. These bearish bets dropped by roughly 15% during the most recent two-week reporting period, and now account for just 0.6% of PFE's available float.

Promotion Cuts a Win for Coach

COH is bucking this morning's downbeat trend, up 1.2% ahead of the bell after the company beat estimates on the Street for quarterly earnings. The company cited a decrease in promotional discounts after pulling its brand out of hundreds of department stores. However, the upbeat news may not please options traders, who have been largely betting on a downside move for Coach Inc, despite the stock's encouraging history of post-earnings moves. Specifically COH shares have swung higher in the session after earnings in six of the past eight quarters. But at the ISE, CBOE, and PHLX, the stock's 10-day put/call volume ratio of 1.93 is seated in the top quartile of all readings from the past 12 months. At $35.98, COH is sitting 3.3% below the year-over-year breakeven level. 

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