Jon Najarian – Editor, Weekly Options Profits
Welcome to another edition of 60 Seconds with Jon Najarian!
I’m here in the breakroom at CNBC with my brother Pete, and the coffee machine is still working! CHEERS!
Here’s what you need to know before you go…
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NVIDIA Corporation (NASDAQ: NVDA)
NVIDIA is a technology company that we talked a bit about last week when we noticed all the upside call buying going on in the stock.
Well, shares are now up over 4.5% at writing. Not bad for a $200+ stock!
Shares of NVDA are currently tracking at about $220 per share.
Tiffany & Co. (NYSE: TIF)
Tiffany’s is a repeat visitor to the 60 Seconds issues. The high-end jeweller came to our attention a few weeks back when they received buyout interest from Louis Vuitton.
TIF has now received the formalized bid from LVMH, which has resulted in a BIG pop today.
The news has shares of Tiffany & Co. riding higher to the upside by over 6% at writing.
Lululemon Athletica Inc. (NASDAQ: LULU)
Lululemon is a clothing retailer that designs and distributes athletic apparel and accessories for both men and women across the globe.
My brother Pete loves LULU, apparently they were PACKED at the Mall of America yesterday.
It appears investors are loving the stock too. Shares of LULU were up as much as 2.5% today
Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT)
Intercept is a biopharmaceutical company that develops different therapies to treat non-viral liver diseases.
ICPT is up BIG today. They had positive news regarding their newest drug filing that looks very promising.
The stock has increased over $7 at writing and was even up as much as 11% at one point today. This puts them back above the $90 level. NICE!
The Bottom Line
That does it for this edition of 60 Seconds.
We’ll keep an eye on all the market action and will give you an update on all of the most important news in our next issue.