5MRD

Apple, Twenty-First Century Fox, U.S. Steel Upgraded

Apple Inc. (AAPL), Twenty-First Century Fox Inc (FOXA), United States Steel Corporation (X) are seeing upgrades and price target hikes on Wall Street

Feb 7, 2017 at 10:08 AM
facebook X logo linkedin


Analysts are weighing in on Dow stock Apple Inc. (NASDAQ:AAPL), media magnate Twenty-First Century Fox Inc (NASDAQ:FOXA), and mining shares United States Steel Corporation (NYSE:X). Here's a roundup of today's bullish brokerage notes on AAPL, FOXA, and X.

Apple Jumps to Fresh High

AAPL saw its price target raised to $154 from $142 at Canaccord Genuity, representing record-high territory for the shares. Moreover, the brokerage firm remarked, "we believe Apple will extend its leading market share of the premium-tier smartphone market." This morning, the stock hit an annual peak of $131.14, and was last seen at $130.87 -- up 38% year-over-year. Understandably, analysts are overwhelmingly optimistic toward Apple Inc. (NASDAQ:AAPL), handing out 26 "buy" or better assessments, compared to five "holds" and a pair of "strong sells." This upbeat sentiment was reflected in the activity among yesterday's AAPL options traders.

Twenty-First Century Fox Reports Earnings Beat

FOXA reported better-than-expected earnings yesterday, but revenue fell short of estimates. Most analysts are weighing in bullishly, with at least seven raising their price targets, versus a trio cutting theirs. Technically speaking, the stock has been pretty strong -- down 1.2% today at $30.68, but still just a hair off of last week's annual high at $31.75. Twenty-First Century Fox Inc (NASDAQ:FOXA) options traders, meanwhile, have been placing bullish bets at a rapid-fire rate. The stock's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio is a top-heavy 20.29 -- in the call-skewed 98th annual percentile.

U.S. Steel Receives Fresh Upgrade

Argus Research upgraded X to a "buy" rating from a "hold," boosting the shares 2.2% this morning. The bullish note is well-deserved, considering the stock has been red-hot in the past 12-months, up 350% at $34.96. Short-term open interest on United States Steel Corporation (NYSE:X) is tilted in an upbeat direction, too, with calls outweighing puts. Specifically, the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.62 sits in the low 3rd percentile of its annual range.

Get a jump-start on the day's stock market news with Schaeffer's free Opening View newsletter.
 

The $25K Day Trading Barrier is Gone

The long-standing Pattern Day Trader (PDT) rule that required many traders to maintain a $25,000 account balance is no longer standing in the way.

That means more traders can actively pursue short-term opportunities without the barrier that kept so many on the sidelines.

Now it's all about having the right strategy.

Dynamite Day Trading Signals helps you hit the ground running with up 2 options trade alerts per week, built to capture fast-moving opportunities.  

👉 Sign up now to receive the next trade

MR content page
 
 
 
 

Follow us on X, Follow us on Twitter