Snowflake Inc (NYSE:SNOW) and Salesforce Inc (NYSE:CRM) are moving in vastly different directions today, after the cloud computing companies both reported quarterly results. SNOW Falls After Ice-Cold Forecast, C-Suite ChangeShares of cloud data storage name Snowflake are 19.4% lower at last glance, last seen trading at $185.44. Not only did the company's first-quarter outlook disappoint, CEO Frank Slootman, who took the company public in 2020, is also retiring. In response, SNOW drew a slew of bear notes, i ...

Subscribers to Schaeffer's Weekly Options Countdown Plus scored a 302% gain in only two days with our Palo Alto Networks Inc (NASDAQ:PANW) weekly 3/1 282.50-strike call recommendation. Below, we'll unpack the reasoning for the short-term bullish position on PANW.When we recommended this trade on Friday, Feb. 23, the cybersecurity stock had just suffered a post-earnings pullback. The drop sent the stock down to the 200-day moving average, but support came into play above this long-term trendline, with additi ...

The retail sector is weighing two vastly different corporate reports today. Urban Outfitters, Inc. (NASDAQ:URBN) is sharply lower, while TJX Companies Inc (NYSE:TJX) is inching higher, as both stocks pass each other on the road to record highs.  URBN was last seen 12.9% lower to trade at $41.11, on track for its worst single-session drop since March 2020. The specialty retailer's fourth-quarter earnings and revenue both whiffed on estimates, yet four brokerages hiked their price targets, the highest coming ...

Group 1 - Beyond Meat Inc's shares surged by 54.2% to $11.60 after announcing fourth-quarter earnings results that beat revenue estimates and plans to "steeply reduce" costs in 2024 [1] - There is potential for a short squeeze, with 23.36 million outstanding shares representing 38% of the total float, indicating that it would take shorts over eight days to cover their positions [1] - Following the earnings announcement, four brokerages raised their price targets, with the average 12-month target price at $6.80, reflecting a 30.3% discount to the previous close, and all analysts rated the stock as "hold" or "strong sell" [1] Group 2 - Today's options activity showed significant trading volume with 98,000 calls and 66,000 puts exchanged, which is 27 times the typical volume [2] - The stock reached a five-month high of $12.12 and moved above its 200-day moving average for the first time since August 2023, indicating bullish momentum [2] - Beyond Meat has reclaimed its year-to-date breakeven mark, now up 24.6% in 2024, although it remains down 37.7% year over year [2]

Apple Inc (NASDAQ:AAPL) stock sports a 21.7% year-over-year lead, but is already down 6.5% in 2024. The shares are today pacing for their third-straight daily drop, last seen down 0.2% at $180.76, and have recently slipped back below familiar pressure at the $166 level. AAPL hit a Dec. 14, record high of $199.62, and thanks to a historically bullish trendline may soon notch a fresh peak.Apple stock is within one standard deviation of its 260-day moving average. Per Schaeffer's Senior Quantitative Analyst Ro ...

Kroger Co (NYSE:KR) stock is 2.6% higher this afternoon, last seen trading at $48.51 after Wells Fargo upgraded it to "equal weight" from "underweight" and hiked its price target to $50 from $42. In its note, the analyst said it expects Kroger's unit volumes in food retail to improve. This upgrade comes before the Cincinnati-based grocery chain operator is slated to report fourth-quarter financial results, due out before the open on Thursday, March 7.A look at Kroger stock's history of post-earnings reactio ...

Earnings and Revenue Performance - Lowe's Companies Inc reported a fourth-quarter earnings and revenue beat, but provided a disappointing 2024 sales outlook [1] - The company's stock erased premarket losses and was last seen up 2.9% at a new 52-week high of $237.70 [1] - Over the past 12 months, Lowe's stock added 16.7% [1] Market and Investor Sentiment - The shares are bouncing off the $230 level and on track to log their fourth daily win in five [1] - Support from the 20-day moving average came into place earlier this month [1] - Options volume is already running at eight times the intraday average amount, with 9,644 calls and 7,994 puts exchanged so far today [1] - The most popular option is the weekly 3/1 240-strike call [1] Bullish Betting Trends - The security's 50-day call/put volume ratio of 1.32 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than 97% of readings from the past year [2] - This penchant for bullish bets has been the norm lately [2]

Meta Platforms Inc (NASDAQ:META) movement on the charts is mirroring the major indexes today, as the equity trades flat following last session's record highs. The recent Big Tech rally was fueled by artificial intelligence (AI) tailwinds and a monster response to Nvidia's (NVDA) strong earnings. However, META took a step back after pausing its Gemini AI tool after the creation of inaccurate historical depictions. Also newsworthy today, the U.S. Supreme Court is questioning whether or not Republican-backed l ...

Cloud stock Snowflake Inc (NYSE:SNOW) is attracting bull notes ahead of the company's fourth-quarter earnings report, due out after the close on Wednesday, Feb. 28. Both Jefferies and D.A. Davidson hiked their price targets to $265 and $260 from $230 and $220, respectively. At last check, SNOW is up 1% at $231.58.The shares are a chip shot from its Feb. 12, 52-week high of $237.71, with support from the 30-day moving average containing last week's pullback. Snowflake stock sports a 16.5% lead for 2024, and ...

The shares of Advanced Micro Devices Inc (NASDAQ:AMD) are surging today, as the chip sector gets a halo lift from Nvidia's (NVDA) post-earnings climb to record highs. Up 10.7% at $181.83 at last glance, and earlier hitting $183.77, AMD is nearing its own Jan. 25 all-time peak at $184.92. Before today's pop, Advanced Micro Devices stock found support for its recent pullback at its 40-day moving average, while the $162 region appears to be emerging as a floor as well. Since last February, the equity is up 137 ...