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 ...

Micron Technology Inc (NASDAQ:MU) stock is 4.7% higher to trade at $120.10 at last check, after the semiconductor company received an upgrade from Baird to "outperform" from "neutral." The brokerage firm cited meaningful upside opportunities, given MU's recent pullback.The equity took a breather from its April 4, record high of $130.54, but found support at the $105 level in late April. The 50-day moving average has been guiding shares higher as well, contributing to a 40.3% year-to-date lead. In the last 1 ...

Dow Inc (NYSE:DOW) stock was last seen down 1.4% at $56.45, after running into resistance at the $58 region as it attempted to recover from a pullback from its April 4, 52-week high of $60.69. This creates the perfect opportunity for traders to buy the dip on a stock that sports a 15.8% six-month lead, especially as it sits near a trendline with historically bullish implications. Specifically, Dow stock's recent dip placed it within striking distance of its 100-day moving average. According to Schaeffer's S ...

SPG stock settled lower in May lower in most of the past 10 yearsReal estate investment trust (REIT) Simon Property Group Inc (NYSE:SPG) has fallen since its March 21 two-year high of $157.82, last seen trading at $142.03. Support at the $140 level has mostly kept the stock afloat in 2024, but we'll see how it fares during a historically bearish month. Simon Property Group stock is second on Schaeffer's Senior Quantitative Analyst Rocky White's list of 25 worst S&P 500 Index (SPX) stocks in May in the last ...

Core Viewpoint - CVS Health Corp's shares are experiencing a significant decline, dropping 18% to $55.55, following disappointing first-quarter earnings and revenue that fell short of estimates, alongside a reduced 2024 forecast due to increased medical costs [1] Group 1: Stock Performance - CVS stock is on track for its worst daily percentage drop since 2009, reaching four-year lows [1] - The stock has declined approximately 30% since the beginning of the year, trading below all moving averages from the 20-day to the 320-day trendlines [1] Group 2: Options Activity - Options volume has surged to double the average daily amount, indicating heightened trading activity [1] - There have been 44,000 call options exchanged compared to 27,000 put options, suggesting that many traders are buying on the dip [1] - The June 60 call option is the most popular, with new positions being opened [1]

Starbucks Corp (NASDAQ:SBUX) stock is down 14.7% to trade at $75.48 at last check, after the coffee chain announced a fiscal second-quarter earnings and revenue miss, and cut its 2024 profit and sales forecast. The company attributed the disappointing results to adverse weather in the U.S., economic volatility in the Middle East, and lower demand in China, but promised new drinks and deals to attract customers.In response, Deutsche Bank downgraded SBUX to "hold" from "buy," and lowered its price objective t ...

Nvidia stock finished the month of May higher in eight of the last 10 yearsNVIDIA Corp (NASDAQ:NVDA). The semiconductor company and Magnificent Seven member became one of the world's most valuable publicly traded companies thanks to its position as a leading artificial intelligence (AI) chipmaker. Below, we will further explore the security's chart performance, and why it may offer a solid investment opportunity over the next month.It's been a blockbuster year for. The semiconductor company andmember became ...

Core Viewpoint - Tesla Inc's stock has risen by 15% to $193.45 following reports of a tentative approval for its Full Self-Driving (FSD) technology in China, which is expected to enhance the company's market position in the region [1] Group 1: Stock Performance - Tesla's stock is experiencing a significant increase, with a 15% rise to $193.45, attributed to the potential rollout of FSD technology in China [1] - Despite today's gains, Tesla's stock is still down 22.3% year-to-date in 2024, indicating a challenging start to the year [3] Group 2: Options Activity - There has been a notable increase in call options trading for Tesla, with 2.44 million bullish bets placed today, which is double the average intraday volume [1] - Over the last 10 days, Tesla has seen a total of 11,884,235 calls and 14,101,839 puts traded, indicating a high level of options activity [2][3] Group 3: Analyst Sentiment - Among the 30 analysts covering Tesla, only eight have a "buy" rating or better, suggesting potential for upgrades as the stock rebounds [5] Group 4: Volatility Metrics - Tesla's Schaeffer's Volatility Scorecard (SVS) is at 83 out of 100, indicating that the stock tends to outperform volatility expectations [6][7]

Core Viewpoint - Apple Inc is set to report its first-quarter earnings on May 2, with the stock experiencing a rally ahead of the event due to an upgrade from Bernstein and rumors of AI technology integration [1] Group 1: Stock Performance - Apple shares are up 3% to $174.32, marking a potential fifth win in the last six sessions after bouncing off this year's lows around $164 [1] - Despite the recent rally, Apple stock has a year-to-date deficit of 9.4% [1] Group 2: Options Trading - Options traders remain bullish, with a 50-day call/put volume ratio of 2.12, higher than 96% of readings from the past year [2] - Historically, Apple stock has shown mixed results in post-earnings sessions, finishing four of the last eight sessions lower, including the last three reports [2] - The average post-earnings swing for Apple is 3.4%, but current options pricing indicates a larger expected move of 5.7% [2]