|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||2.43 / 8.14|
Bulls gain strength from Apple repatriation announcement, short covering.
The major change I see today is in the speculative trading of the cryptos and blockchain names.
Investors in Phoenix New Media Ltd saw new options become available this week, for the February 2018 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the FENG options chain for the new February 2018 contracts and identified one put and one call contract of particular interest.
I'm looking for some new entries in less-speculative names, but many stocks need a rest at this point.
Investors in Phoenix New Media Ltd saw new options become available this week, for the July 2018 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 241 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
When the dip buyers disappear intraday, then the action finally can shift.
What is confusing about this market is how there is such extreme positive sentiment, but no real excitement.
If the Nasdaq ETF stays in the red, the bears will get some confidence.
Speculative trading in Chinese small-cap stocks is on the rise, a warning sign for the broader markets.
The indices may need a rest, but stock-pickers have an edge.
Investors in Phoenix New Media Ltd saw new options begin trading this week, for the August 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the FENG options chain for the new August 21st contracts and identified one put and one call contract of particular interest.
Trade-Ideas LLC identified Phoenix New Media (FENG) as a strong on high relative volume candidate
Phoenix New Media (FENG) has been downgraded by TheStreet Ratings from Buy to Hold with a ratings score of C+.
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,300 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: AAT, ACC, AMZN, CBK, CUZ, ENPH, ESP, FRED, HIBB, KELYA, LOGM, NHTC, PPO, QSII, RAIL, TCPC, UVV, VIVO Downgrades: EMKR, FENG, GHM, HTS, MDAS, MX, PES, POPE, RBC, TOT, XEC Initiations: EPE, HELI Read on to get TheStreet Quant Ratings' detailed report:
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