U.S. stock futures are trading broadly higher this morning, as Wall Street eyes Dow 24K. Positive sentiment is helping push the Dow Jones Industrial Average toward this record benchmark, after the Senate Budget Committee voted to advance a Republican tax bill.
Economic data is also providing lift, with a second estimate on U.S. third-quarter gross domestic product, October pending home sales and the Federal Reserve’s Beige Book all slated to arrive later this morning.
Heading into the open, Dow futures are up 0.34%, S&P 500 futures have added 0.08% and Nasdaq-100 futures are up 0.02%.
On the options front, volume exploded on Tuesday as traders began to position themselves for the end of the month. Overall, more than 22 million calls and 14.5 million puts changed hands on the session. As for the CBOE, the single-session equity put/call volume ratio plummeted to a five month low at 0.50, driving the 10-day moving average to a two month low at 0.62.
Hot Growth Stocks To Watch For 2022: Intuitive Surgical Inc.(ISRG)
Intuitive Surgical, Inc. designs, manufactures, and markets da Vinci surgical systems for various surgical procedures, including urologic, gynecologic, cardiothoracic, general, and head and neck surgeries. Its da Vinci surgical system consists of a surgeon?s console or consoles, a patient-side cart, a 3-D vision system, and proprietary ?wristed? instruments. The company?s da Vinci surgical system translates the surgeon?s natural hand movements on instrument controls at the console into corresponding micro-movements of instruments positioned inside the patient through small puncture incisions, or ports. It also manufactures a range of EndoWrist instruments, which incorporate wrist joints for natural dexterity for various surgical procedures. Its EndoWrist instruments consist of forceps, scissors, electrocautery, scalpels, and other surgical tools. In addition, it sells various vision and accessory products for use in conjunction with the da Vinci Surgical System as surgical procedures are performed. The company?s accessory products include sterile drapes used to ensure a sterile field during surgery; vision products, such as replacement 3-D stereo endoscopes, camera heads, light guides, and other items. It markets its products through sales representatives in the United States, and through sales representatives and distributors in international markets. The company was founded in 1995 and is headquartered in Sunnyvale, California.
Advisors' Opinion:- [By Motley Fool Staff]
For this episode, it's time to check in on not one but two such samplers. First, it's been one year since he offered up "Five Stocks I Own That You Should Too." Those were Activision Blizzard (NASDAQ:ATVI), Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG), Intuitive Surgical (NASDAQ:ISRG), Match Group (NASDAQ:MTCH), and Zillow (NASDAQ:Z) (NASDAQ:ZG), and he'll review their progress with senior analyst Jim Mueller.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Intuitive Surgical (ISRG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Growth Stocks To Watch For 2022: TrueBlue Inc.(TBI)
TrueBlue, Inc. provides temporary blue-collar staffing services in the United States. It supplies on demand general labor to various industries under the Labor Ready brand; skilled labor to manufacturing and logistics industries under the Spartan Staffing brand; and trades people for commercial, industrial, and residential construction, and building and plant maintenance industries under the CLP Resources brand. The company also provides mechanics and technicians to the aviation maintenance, repair and overhaul, aerospace manufacturing, and assembly industries, as well as to other transportation industries under the Plane Techs brand; and temporary drivers to the transportation and distribution industries under the Centerline brand. It primarily serves small and medium-size businesses. The company was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. TrueBlue, Inc. was founded in 1985 and is headquartered in Tacoma, Washington.
Advisors' Opinion:- [By Logan Wallace]
ValuEngine downgraded shares of Trueblue (NYSE:TBI) from a hold rating to a sell rating in a report issued on Friday morning.
Several other research firms have also recently weighed in on TBI. Zacks Investment Research cut shares of Trueblue from a hold rating to a sell rating in a research report on Tuesday, February 12th. BMO Capital Markets decreased their price objective on shares of Trueblue from $26.00 to $24.00 and set a market perform rating for the company in a research report on Monday, February 11th. TheStreet cut shares of Trueblue from a b- rating to a c rating in a research report on Monday, December 31st. Finally, Credit Suisse Group decreased their price objective on shares of Trueblue from $31.00 to $25.00 and set a hold rating for the company in a research report on Tuesday, November 6th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Trueblue presently has an average rating of Hold and a consensus price target of $26.00.
- [By Motley Fool Transcribers]
TrueBlue Inc (NYSE:TBI)Q4 2018 Earnings Conference CallFeb. 07, 2019, 5:00 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
Hot Growth Stocks To Watch For 2022: Buffalo Wild Wings Inc.(BWLD)
Buffalo Wild Wings, Inc. engages in the ownership, operation, and franchise of restaurants in the United States. The company provides quick casual and casual dining services, as well as serves bottled beers, wines, and liquor. As of July 26, 2011, it had 773 Buffalo Wild Wings locations in 45 states in the United States, as well as in Canada. The company was founded in 1982 and is headquartered in Minneapolis, Minnesota.
Advisors' Opinion:- [By Steve Symington]
That's not to say it was a quiet day for every stock on the market. With earnings season ramping up, brewing giant Anheuser-Busch InBev (NYSE:BUD) and restaurant chain Buffalo Wild Wings (NASDAQ:BWLD) served as an exercise in contrast as investors reacted to their respective quarterly reports.
- [By Peter Graham]
A long term performance chart shows Dave & Busters Entertainment tripling in value before falling back while small cap upscale gentlemen's clubs and restaurant owner RCI Hospitality Holdings, Inc (NASDAQ: RICK) began taking off in 2016 and small cap Buffalo Wild Wings (NASDAQ: BWLD) is being acquired by Arby's Restaurant Group:
Hot Growth Stocks To Watch For 2022: Nordstrom Inc.(JWN)
Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for women, men, and children in the United States. It offers a selection of brand name and private label merchandise. The company sells its products through various channels, including Nordstrom full-line stores, off-price Nordstrom Rack stores, Jeffrey? boutiques, treasure & bond, and Last Chance clearance stores; and its online store, nordstrom.com, as well as through catalog. Nordstrom also provides a private label card, two Nordstrom VISA credit cards, and a debit card for Nordstrom purchases. The company?s credit and debit cards feature a shopping-based loyalty program. As of September 30, 2011, it operated 222 stores, including 117 full-line stores, 101 Nordstrom Racks, 2 Jeffrey boutiques, 1 treasure & bond store, and 1 clearance store in 30 states. The company was founded in 1901 and is based in Seattle, Washington.
Advisors' Opinion:- [By Rhian Hunt (TMFRhianHunt)]
Physical retail is clearly Amazon's weakest point, despite multiple attempts by the e-commerce giant to break into this market. With the company's relative lack of success in the space and the small size of the stores relative to other department stores limiting the selection of products likely to be on display at any future "Amazon department store," it's difficult to see the idea as a serious threat to either department stores like Macy's and Kohl's, or more specialized retailers such as Nordstrom (NYSE:JWN) or Ross Stores (NASDAQ:ROST). Nor do the stores seem likely to improve Amazon's delivery or return services significantly, given how quick and efficient those services already are.
- [By Adam Levine-Weinberg]
Over the past decade, Nordstrom (NYSE:JWN) has been one of the most forward-thinking department stores in terms of rolling out new technology and testing innovative ways to serve customers. However, you wouldn't know it from the company's financial results.
- [By Garrett Baldwin]
Now, here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.
The Top Stock Market Stories for Friday Bloomberg reported Thursday that the United States and China are getting closer to finalizing a trade deal that would eliminate tariffs and improve relations between the world's two largest economies. According to reports, the deal would be completed and signed by both U.S. President Donald Trump and Chinese President Xi Jinping by mid-May. Trade officials have said that both countries are making steady progress on a deal and that more updates are coming soon. Money Morning Special Contributor Matt Piepenburg shows you how to trade the ongoing developments between the United States and China right here. The earnings season continued today with a wave of news in the retail sector. First, Gap Inc. (NYSE: GPS) announced plans to split into two separate public companies. Its Old Navy brand will become a standalone company, while its Gap and Banana Republic brands remain under the same organization. GPS shares popped 21% on the news. Meanwhile, Nordstrom Inc. (NYSE: JWN) added 1.5% after the firm released a 2019 outlook that topped Wall Street expectations. New York Governor Andrew Cuomo is trying to save a deal with Amazon.com Inc. (NASDAQ: AMZN). According to CNBC, the governor is asking the e-commerce giant to reconsider its decision to abandon a plan to open a second headquarters in Long Island City. Last month, Amazon walked away from a plan to create 25,000 jobs (at an average salary of $150,000) after pushback from local public officials. The company was to receive $3 billion in tax incentives. The New York Times reported Thursday that Cuomo had numerous conversations with Amazon executives about reconsidering company plans. Money Morning Insight of the DayWe just held a live event with former Speaker of the House John Boehner and the most powerful people in the cannabis world for one important rea
- [By Motley Fool Transcribing]
Nordstrom (NYSE:JWN) Q4 2018 Earnings Conference CallFeb. 28, 2019 4:45 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
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