Core Insights - Cigna Group's stock is currently trading at $343.11, down 1% from its previous position, but remains close to its record high of $365.71 reached on March 28, reflecting a year-over-year increase of 34.6% [1] - The recent pullback in Cigna's stock has brought it near its 80-day moving average, with historical data indicating that similar instances have led to significant upward movements in the past [2] - Following eight similar signals in the last three years, the stock has typically risen by an average of 6.1% within a month, suggesting potential for the stock to exceed $364 again [3] - The current market conditions also present a favorable opportunity for options trading, as indicated by a relatively low Schaeffer's Volatility Index (SVI) of 29%, which ranks in the 16th percentile of annual readings, suggesting lower volatility expectations [3]

Walmart Inc (NYSE:WMT) is gearing up for its first-quarter earnings report, due out before the open tomorrow, May 16. When we last covered the blue-chip, big box retailer, it saw an uptick in bullish options activity after a 3-for-1 stock split and new store plans. In the time since, WMT hit a record high of $61.66, and was last seen 0.2% lower to hover just below that peak at $59.76.Options traders are pricing in a 5.9% swing for Walmart stock following the earnings event, which is slightly higher than the ...

After opening at $6.01, shares of China-based electric vehicle (EV) maker Nio Inc (NYSE:NIO) are 5.8% lower at $5.45 at last glance, brushing off a bull note at J.P. Morgan Securities. The analyst upgraded the EV stock to "neutral" from "underweight" and raised its price target to $5.40 from $4.80, citing the Chinese government's stimulus policy and Nio's newest battery as service (Baas) strategy as potential tailwinds.Also helping the stock move higher today, Nio today launched the L60 SUV in its Onvo unit ...

Airbnb Inc (NASDAQ:ABNB) stock is down 1.1% to trade at $147.53 at last check, as the shares continue to struggle following a negative post-earnings reaction earlier this month. In fact, over the last week of trading, the equity has shed 7.5%. The $146 level is keeping the stock in check, however, and this latest pullback could have bullish implications.According to data from Schaeffer's Senior Quantitative Analyst Rocky White, Airbnb stock is within one standard deviation of its 126-day moving average, whi ...

Alibaba Group Holding Ltd (NYSE:BABA) stock is down 5.9% at $79.60 at last check, after the e-commerce company's profit for the fiscal fourth quarter plunged 86%, missing analysts' estimates amid cautious consumer spending in China. Revenue still impressed, however, thanks to a focus on low-cost goods.stock is down 5.9% at $79.60 at last check, after the e-commerce company's profit for the fiscal fourth quarter plunged 86%, missing analysts' estimates amid cautious consumer spending in China. Revenue still ...

In-The-Money Countdown subscribers scored a speedy profit with our American Express Company (NYSE:AXP) weekly 5/10 225-strike call recommendation, which they received on Sunday, May 5. Below, we will dive into the telltale signs behind this winning trade.At the time of our recommendation, shares had retraced 38% of their post-earnings reaction, finding potential support at the rising 20-day moving average and their March peak. The rising 50-day trendline, which coincided with with its 20% year-to-date level ...

Blue-chip consumer goods conglomerate 3M Co (NYSE:MMM) is 1.4% higher this morning to trade at $98.69, after HSBC upgraded the stock to "buy" and raised its price target to $115. In the bull note, the analyst pointed towards an improving macroeconomic backdrop that could help 3M see more growth. 3M stock is now within a chip-shot of its May 1, 16-month high of $99.70. The shares' 30-day moving average caught a mid-April pullback, a trendline that's alternated between support and resistance during MMM's zig ...

Despite first-quarter earnings and revenue beats, Airbnb Inc (NASDAQ:ABNB) stock is down 6% to trade at $148.51 after the company issued a lackluster fiscal second-quarter outlook. An earlier-than-usual Easter holiday and currency exchange rates overshadowed strong demand for international travel.The results already drew four price-target cuts and two hikes, with Deutsche Bank adjusting lower to $148 from $158. Analysts are already bearish on ABNB, with 25 of 36 firms in coverage sporting a "hold" or worse ...

Shopify Inc (NYSE:SHOP) is down 19.5% at $62.06 at last check, and earlier gapped to its lowest level since November after the e-commerce name missed first-quarter revenue estimates. The company also predicted year-over-year revenue to drop over the second quarter as consumer spending slows down.Shares are today on track for their biggest single-day percentage drop on record. This bear gap also placed SHOP below a floor at $68 - $70, which contained an April pullback, after running into resistance at $78. S ...

The shares of retail giant Target Corp (NYSE:TGT) are up 2.2% at $161.77 at last glance, following an upgrade from Citigroup to "buy" from "neutral." The firm named TGT as one of the winners in the retail sector after a choppy few years, citing well-controlled inventory, easier sales comparisons, and conservative guidance as well as its new membership program. Target stock has been on a downtrend since its April 1, 52-week high of $181.86, though things are picking up today. A broader look shows that the $1 ...