🏡 Raymond James Upgrades KB Home Ahead of Earnings

Shares of recent IPO Beyond Meat have started to struggle. As a publicly-traded company, investors actually expect the company to hit certain revenue and sales goals, and having a number of competitors jump into public markets at the same time is weighing on shares.

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Good morning. Shares of recent IPO Beyond Meat have started to struggle. As a publicly-traded company, investors actually expect the company to hit certain revenue and sales goals, and having a number of competitors jump into public markets at the same time is weighing on shares. Another factor is likely to weigh in the next month as well: Lockup expiration. Company insiders typically have to hold shares of a company for a few months after an IPO, and the lockup on Beyond Meat expires in 30 days, which could lead to further selling pressure. Much like bitcoin and the pot stocks, alternative protein stocks will give investors plenty of trading opportunities up and down for the foreseeable future. Sponsored Content The Real Reason Stocks Could Rally in 2019? A Wall Street legend whom millions have seen on Fox Business, CNBC and Bloomberg TV just made a prediction that has stunned the business world. WARNING: What he says contradicts everything you're hearing from Wall Street and the Main Street media. If you want to see how to make a fortune in 2019, it's important you watch this interview right away. MARKETS DOW 26,970.71 +0.61% S&P 2,984.87 +0.62% NASDAQ 8,077.38 +1.05% *As of market close • Stocks advanced yesterday, on bullish housing and earnings news. • Oil prices declined further, to $56.56 per barrel. • Gold declined 1.9 percent, to $1,511 per ounce. • Cryptocurrencies traded flat after their huge drop, with Bitcoin trading around $8,400. Today's TOP TIPS Raymond James Upgrades KB Home Ahead of Earnings Shares of homebuilding company KB Home (KBH) rallied to 20-month highs following an upgrade from Raymond James ahead of the company's earnings report. Raymond James raised their rating to outperform, citing the improving fundamentals in the housing market, and the potential upside in shares relative to current estimates of earnings and revenues. This is the second upgrade on shares in the past three months from Raymond James. » FULL STORY Analysts Mixed on Harley Davidson's New Rider Plan Harley Davidson (HOG), industry-leading motorcycle manufacturer, held its first investor meeting in over two and a half years, where they outlined a plan to add one million new riders by 2027. That would increase their U.S. ridership to 4 million, about a 33 percent increase from the current 3 million. Analysts, looking at the company's new potential products and programs, were underwhelmed, even as shares rose more than 3 percent on the day. » FULL STORY Insider Activity: GameStop (GME) Two directors took the opportunity to pick up shares of < GameStop (GME) near all-time lows. Director Kathy Vrabeck bought 20,000 shares, paying nearly $106,000 to do so, and director Raul Fernandez bought 4,900 shares, paying just under $25,000. The buys come after the company eliminated its dividend earlier in the year and an activist investor targeted the company, suggesting it make a huge buyback with its cash hoard to unlock shareholder value. » FULL STORY Unusual Options Activity: Uber (UBER) The March 2020 $34.00 call options on Uber (UBER) saw over 10,100 contracts trade against a prior open interest of 391, a 35-fold surge in volume. The bet, with shares trading around $31, indicates that shares should move at least 9.6 percent higher in the next 176 days before the option expires. Shares of the recent IPO have traded as high as $47 per share, back in late June, about a month after going public. » FULL STORY IN OTHER NEWS • So far, markets are little affected by rumblings of impeachment against President Trump. • Altria/Philip Morris merger talks end after Juul CEO exits. • Investors eye Disney as the company rolls out its Disney+ streaming service. • Inspire Brands, owner of Arby's, to acquire Jimmy John's. • Best Buy looks to cut expenses by $1 billion by 2025 and hit $50 billion in annual revenue. • eBay's CEO to step down. • As does WeWork's CEO, as concerns rise over the valuation of the startup. • In automotive tech, Ford increases its self-driving vehicle fleet to Austin. • In earnings, Nike shares rally to all-time highs on strong beat. • And Credit Suisse joins the list of analysts seeing danger in shares of Netflix ahead of earnings. S&P 500 MOVERS TOP MPC 8.417% CTAS 5.743% PM 5.198% NKE 4.164% NFLX 3.991% BOTTOM SBAC 3.438% XEC 2.678% HUM 2.648% INCY 2.443% AVGO 2.317% Quote of the Day I don't expect it to happen before the elections, tell you the truth. But I hope after that we have a fair trade deal…They [China] should take trade more seriously than they have. Fair means kind of reciprocal. Trade has never been reciprocal, but closer to reciprocal in a way that's good for everybody. - JP Morgan Chase CEO Jamie Dimon on the likelihood of a China trade deal soon, despite a recent comment from President Trump Sponsored Content The Real Reason Stocks Could Rally in 2019? A Wall Street legend whom millions have seen on Fox Business, CNBC and Bloomberg TV just made a prediction that has stunned the business world. WARNING: What he says contradicts everything you're hearing from Wall Street and the Main Street media. 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