Latest news with #Schaeffer'sVolatilityIndex
Yahoo
3 days ago
- Business
- Yahoo
Fast Food Stock Flashing Surefire Bull Signal
The shares of Yum! Brands Inc (NYSE:YUM) are up 0.8% to trade at $145.07 at last glance while sporting an 8.7% year-to-date lead. Pressure at the 20-day moving average is keeping a lid on today's gains, while the $153 region has acted as a ceiling since the stock's April 4 bear gap of 8.4%. The shares are now trading within striking distance of a historically bullish trendline, however, which may help it close that bear gap. Per Schaeffer's Senior Quantitative Analyst Rocky White, the security is within one standard deviation of its 126-day moving average (representing half a year of trading). YUM was above this this trendline in at least eight of the last 10 trading days and spent 80% of the last two months above it. Within these parameters, five other signals occurred in the past five years, after which the equity was higher one month later every time, averaging a 3.9% pop. A move of comparable magnitude would place YUM back above $150. A round of bull notes could create tailwinds and help get YUM the rest of the way through overhead pressure at $140. Of the 27 analysts in coverage, 20 still call the equity a tepid "hold" rating. Options are looking affordable as well, per the stock's Schaeffer's Volatility Index (SVI) of 18%, which ranks in the 12th percentile of its annual range. This means options traders are pricing in low volatility expectations. YUM has also tended to outperform these expectations, per its of 83 out of 100.
Yahoo
5 days ago
- Business
- Yahoo
Favorite Casino Stock Traders Should Avoid in June
Wynn Resorts Inc (NASDAQ:WYNN) is trading 1.9% lower at $88.83 at last check, starting off June on a sour note. The shares are eyeing their fourth-straight loss, extending a pullback from their May 15 five-month highs, and testing support at the $90 level today. Plus, if past is precedent, WYNN could be due for even more losses. Schaeffer's Senior Quantitative Analyst Rocky White of the 25 worst S&P 500 Index (SPX) stocks to own in June, going back a decade, and Wynn Resorts stock is in the top 10. WYNN has averaged a loss of 3.3% for the month, finishing lower 70% of the time over the last 10 years. Options traders are leaning bullish, leaving ample room for headwinds, should this upbeat sentiment begin to unwind. WYNN's 50-day call/put volume ratio of 4.18 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 75% of readings from the past year. Options are looking affordable as well, per the stock's Schaeffer's Volatility Index (SVI) of 33%, which ranks in the 11th percentile of its annual range. This means options traders are pricing in low volatility expectations. WYNN has also tended to outperform these expectations, per its of 99 out of 100. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Don't Bet on Walgreens Boots Alliance Stock in June
Drugstore stock Walgreens Boots Alliance Inc (NASDAQ:WBA) has been seeing muted price action for the past few months, ever since news that is taking the company private in a $10 billion deal. The stock was last seen flat at $11.21 today, but for those wondering if any sort of meaningful breakout is looming, June doesn't look good. Schaeffer's Senior Quantitative Analyst Rocky White compiled a list of the worst S&P 500 Index (SPX) stocks to own in June, going back a decade, and Walgreens Boots Alliance is at the top. WBA has averaged a loss of 3.7% for the month, finishing lower 80% of the time over the last 10 years. There is plenty of room for downgrades that could also provide headwinds: of the 15 analysts in coverage, two carry a "buy" or better and 11 a tepid "hold." An unwinding of optimism in the options pits could have the same effect. WBA's 10-day call/put volume ratio of 4.57 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 84% of readings from the past year. Options look like a good way to go when weighing in. The stock's Schaeffer's Volatility Index (SVI) of 23% ranks in the low 12th percentile of its annual range, meaning options traders are pricing in low volatility expectations. WBA has tended to outperform these expectations as well, per its of 81 out of 100. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Target Tesla Stock Before the Rally Really Takes Off
Tesla Inc (NASDAQ:TSLA) stock has been a tale of two quarters to start the year. The electric vehicle (EV) giant kicked off 2025 with a 35.8% drawdown, but has gotten off the mat for the second quarter, up nearly 40%. The torrid rally could have legs, with TSLA entering a historically bullish month. Over the past 10 years, Tesla stock has been the best S&P 500 Index (SPX) member to own in the month of June, per Schaeffer's Senior Quantitative Analyst Rocky White. The shares averaged a monthly gain of 11.6% and ended the month higher 80% of the time -- the top-performing name on the list below. A move of similar magnitude would have TSLA back above $400 for the first time since January, while also clearing its year-to-date breakeven level. If the V-shaped rally is really on, keep an eye on analyst revisions; 23 of the 41 brokerages rate the stock a "hold" or "strong sell," while the consensus 12-month price target of $289.20 is a 20.2% discount to its current perch of $362.78. Short-term options traders have been scooping up TSLA at a discount. The equity's Schaeffer's Volatility Index (SVI) of 63% sits in the 24th percentile of its annual range, suggesting Tesla's near-term options are pricing in relatively low volatility expectations. Its also worth noting that the security's Schaeffer's Volatility Scorecard (SVS) sits at 80 out of 100. In other words, the equity has exceeded option traders' volatility expectations during the last 12 months. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Sprouts Farmers Market Stock Nears 2 Bullish Trendlines
Grocery chain Sprouts Farmers Market Inc (NASDAQ:SFM) has been chopping higher over the past year, doubling since last May and up 30% in 2025. However, last week, the moved back toward the $160 floor. This dip pushed SFM within one standard deviation of the historically bullish 50-day and 80-day moving averages. Per Schaeffer's Senior Quantitative Analyst Rocky White, SFM has made seven similar approaches to the 50-day trendline and five to the 80-day trendline over the past three years. The stock was higher one month later 71% of the time following the former signal, and 100% following the latter, averaging gains of 6.3% and 7.8%, respectively. A comparable move from SFM's current perch of $164.65 would put the shares as high as $177 by the end of June. The stock has plenty of room for upgrades as well. Heading into today, nine of the 14 analysts in coverage sport a tepid "hold" recommendation. Meanwhile, options are looking like an affordable way to go. This is per SFM's Schaeffer's Volatility Index (SVI) of 36%, which sits in the 23rd percentile of its annual range. Plus, the security's Schaeffer's Volatility Scorecard (SVS) sits at a higher 82 out of 100, meaning it has outperformed options traders' volatility expectations over the past year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
