EARN25

Caterpillar Hits Record High, Leads Dow After UBS Upgrade

NVDA hit a record high of its own after a price-target hike

Sep 18, 2017 at 10:28 AM
facebook X logo linkedin


Analysts are weighing in on technology concern Nvidia Corporation (NASDAQ:NVDA), construction equipment manufacturer Caterpillar Inc.(NYSE:CAT), and streaming entertainment company Netflix, Inc. (NASDAQ:NFLX). Here's a quick roundup of today's bullish brokerage notes on shares of NVDA, CAT, and NFLX.

Bank of America Boosts NVDA Outlook

Bank of America-Merrill Lynch raised its NVDA price target to $210 from $185, citing expectations for the tech company to expand its footprint in the booming healthcare industry. The semiconductor stock was last seen trading up 3.4% at $186.16, and earlier set a new record high of $188.43. NVDA now boasts an impressive year-over-year gain of 192.4%.

Like analysts, options players are upbeat toward NVDA. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), NVDA sports a 10-day call/put volume ratio of 1.31, which ranks in the 70th percentile of its annual range. This suggests options traders are favoring bullish bets over bearish by a wider-than-usual margin. 

Caterpillar Leads Dow After UBS Upgrade

UBS upgraded Caterpillar's stock to "buy" from "neutral," and raised its price target to $140 from $116. CAT is trading up 1.7% at $123.48, after earlier setting a new all-time high of $124.43, and is the top gainer on the Dow Jones Industrial Average (DJIA) this morning. Year-to-date, the heavy equipment maker is up more than 33%.

Speculators have rarely been more upbeat on CAT, which carries a 50-day call/put volume ratio of 1.03 across the ISE, CBOE, and PHLX. This ratio ranks in the 100th annual percentile, as calls have been bought to open over puts at one of the fastest rates of the past year.

NFLX Gets a Boost from MoffettNathanson

MoffettNathanson raised its NFLX price target to $140 from $136 before today's open, while reiterating its "neutral" rating. The FAANG stock is up 0.9% at $183.94, bringing its year-over-year gain north of 87%. Given the strong price action, most analysts following NFLX stock are already optimistic; 64% have doled out "buy" or "strong buy" recommendations.
 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!