Subscribers to Chart of the Week received this commentary on Sunday, February 11.While it takes very little for Elon Musk’s Tesla Inc (NASDAQ:TSLA) to stay in headlines, this past week saw an interesting take from online business publisher Institutional Investor. In a Feb. 6 post titled, "Tesla Short Sellers Are in the Black This Year" author Michelle Celarier described the electric vehicle (EV) maker’s lackluster performance on the charts in the past 12+ months with the caveat that short sellers have exper ...

Dow member Coca-Cola Co's (NYSE:KO) fourth-quarter earnings came in line with estimates, while revenue beat expectations amid higher prices and strong demand. The shares are up 1.2% at $60.41 at last check, with support from the 60-day moving average in place after a rally earlier this month lost steam at the $61 level. Coca-Cola stock shed 5.9% in the last nine months, but sports a small year-to-date lead.Call volume is today running at 11 times the intraday average, with 27,000 calls traded so far, compar ...

The shares of the most valuable publicly traded company in the world, Microsoft Corp (NASDAQ:MSFT), hit an all-time high of $420.82 on Friday, after closing its fifth-straight week of gains. With help from the artificial intelligence (AI) demand, the Big Tech giant's market cap has hit record-breaking levels, currently valued at over $3.12 trillion. Today, the stock is dipping from its recent highs, down 1.1% at $416.13 at last check. Unsurprisingly, options traders have continued to target MSFT. Per Schaef ...

PayPal and Ralph Lauren are moving in opposite directions after their quarterly reportsAmid a flood of quarterly earnings results, two reports stand out from the pack. Fintech stock PayPal Holdings Inc (NASDAQ:PYPL) and retailer Ralph Lauren Corp (NYSE:RL) are making strong post-earnings moves, while e-tailer Shopify Inc (NYSE:SHOP) readies for the release of its own quarterly financial results.PayPal Stock Lower After Weak GuidanceAt last check, PYPL was 10.5% lower to trade at $56.58. While the online pay ...

Fortinet Inc (NASDAQ:FTNT) stock is lifting the cybersecurity sector today, after the company's stronger-than-expected fourth-quarter results, announced after yesterday's close. FTNT has pared gains since its earlier surge to $73.91, but was still up 2.2% at $68.97 at last check.No fewer than 21 analysts lifted their price targets on the equity after the report, bringing the 12-month consensus price target to $74.42. Over the last month, Fortinet stock saw two downgrades despite its recent uptrend, but anal ...

CVS Health Corp (NYSE:CVS) stock is on the rise today, after better-than-expected fourth-quarter earnings of $2.12 per share and despite the healthcare giant's disappointing 2024 forecast. The company lowered its guidance as medical procedures among older patients increased, fueling costs in the insurance business. At last glance, CVS was up 2.5% at $75.63, earlier as high as $77.40 at this morning's peak. The stock is breaking above its 20-day moving average today, though its 320-day trendline appears to b ...

Biopharmaceutical stock Bristol-Myers Squibb Co (NYSE:BMY) is in focus this morning, after a downgrade to "neutral" from "buy" at Redburn-Atlantic. The analyst in coverage also lowered its price target to $54 from $77 -- still a 12.6% premium to last night's close at $47.98. BMY is fractionally lower before the open.The Wall Street analyst cited concerns regarding Bristol-Myers Squibb's product pipeline and market challenges. It argued that any positive impact from the company's recent acquisitions won't be ...

Adobe Inc (NASDAQ:ADBE) stock is down 1.1% at $628.06 at last check, but in the previous session hit a two-year high of $638.25, after long-time support at its 100-day moving average contained its January pullback to the $566 region. ADBE could soon extend its 65.4% nine-month lead, too, if past is precedent. The stock is sporting historically low implied volatility (IV), which coincides with the security's recent highs to make up a bullish combination. Per Schaeffer's Quantitative Analyst Rocky White, ther ...

Nvidia Corp (NASDAQ:NVDA) stock is up 3.6% to trade at $685.25 last check, earlier trading at an all-time high of $694.97 after a premarket bull note from Goldman Sachs. The Wall Street analyst hiked its price target on NVDA to $800 -- a 20.9% premium to Friday's close -- after saying "various data points from the broader eco-system that point to sustained strength in demand for accelerated computing" could make for an upbeat Feb. 21 earnings report.Freshly removed from its fourth consecutive weekly win, th ...

Fast food giant McDonald's Corp (NYSE:MCD) announced a fourth-quarter earnings win earlier, but missed revenue expectations as conflict in the Middle East squeezed sales. The security is down 3.1% to trade at $287.73 at last check -- on track for for its worst single-day percentage loss since May -- and hit to its lowest level since December. MCD boasts a 8.9% year-over-year lead with long-term support at the 60-day moving average, though, and just scored a Jan. 22 all-time high of $302.39.Options volume is ...