Synchrony Stock Eyes Best Day Ever

SYF stock is higher after earnings and a legal update

Digital Content Manager
Jan 23, 2019 at 9:59 AM
facebook X logo linkedin


The shares of Synchrony Financial (NYSE:SYF) are up 10.7% at $29.40 in early trading, after the company's fiscal fourth-quarter earnings exceeded analyst expectations. Plus, Walmart (WMT) dropped its lawsuit against the consumer lending concern, and Synchrony extended its strategic partnership with Walmart-owned Sam's Club. Today, SYF stock is pacing for its biggest one-day jump ever.

SYF stock touched a record low of $21.77 on Dec. 26, but has since been on the rebound -- up roughly 35% since bottoming out. The shares are now on pace to top their 120-day moving average for the first time since September. 

A round of upbeat analyst attention could be in store for rebounding SYF stock, with eight doling out a tepid "hold" rating, compared to just six giving it a "buy" or better. Meanwhile, the consensus 12-month price target of $34.47 represents just a 17% premium to current levels. 

Recent options buyers could be cheering today's rally. Synchrony currently sports a 10-day call/put volume ratio of 18.08 on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), indicating traders have bought to open over 18 SYF calls for every put in the past two weeks. What's more, this ratio sits higher than 98% of all other readings from the past year, hinting at a much healthier-than-usual appetite for bullish bets over bearish ahead of earnings. 

 

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