NetApp, Plug Power, Wynn Resorts Upgraded

NetApp, Plug Power, and Wynn Resorts stocks are on analysts' bullish radar today

Apr 6, 2017 at 10:05 AM
facebook X logo linkedin


Analysts are weighing in on data storage specialist NetApp Inc. (NASDAQ:NTAP), energy stock Plug Power Inc (NASDAQ:PLUG), and casino operator Wynn Resorts, Limited (NASDAQ:WYNN). Here's a quick roundup of today's bullish brokerage notes on shares of NTAP, PLUG, and WYNN.

NetApp Receives Well-Deserved Bullish Notes

NTAP received an upgrade to "market perform" from "underperform" at JMP following yesterday's analyst day. In addition, Morgan Stanley, UBS, and Credit Suisse raised their price targets on the stock, boosting it 0.5% to $41.10 this morning. Year-over-year, NetApp Inc. shares have now advanced 60%. More positive brokerage attention could be just around the corner, too. Despite the stock's huge long-term gains, NTAP has received just five "buy" or better ratings, outweighed by 16 "holds" and three "strong sell" opinions.

Plug Power Pulls Back, Despite Price-Target Hike

Just a day after leaping on a potential tie-up with Amazon, PLUG is 2.1% lower at $2.20. Today's negative price action comes even after the stock received a price-target hike to $3 from $1.75 at Cowen, marking territory not charted in over two years. Plug Power Inc stock remains up 49% week-to-date, though, which could encourage short sellers to jump ship. Specifically, 21.3% of the equity's float is dedicated to short interest, which would take two weeks to cover, at PLUG's average daily volume.

Options Traders Upbeat Toward Red-Hot Wynn Resorts Stock

WYNN is up 1% at $117.83, and just a chip-shot from Monday's roughly two-year high of $119.80. Fanning the stock's bullish flames is Morgan Stanley's upward price-target revision, to $124 from $119 -- territory not charted since April 2015. Wynn Resorts, Limited shares have had a phenomenal run in 2017, advancing almost 36%. This helps explain why options traders are so bullish on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). During the past two weeks, speculators have bought to open 18,553 WYNN call options, doubling the 9,238 puts purchased.

 

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