Earnings, Visa Have Dow Jones Industrial Average Eyeing 18K

Visa, McDonald's Lead Dow Higher; Plus, 3 Earnings Winners

Apr 22, 2015 at 11:50 AM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) is trekking higher -- and flirting with the 18,000 millennium mark -- as traders digest the latest batch of earnings reports. Helping the index pare a portion of Tuesday's losses are a big earnings win from McDonald's Corporation (NYSE:MCD) and optimism about a potential foray into China for Visa Inc (NYSE:V). In other news, existing homes sales for March outstripped the Street's consensus estimate, and reached their highest level since September 2013.

Continue reading for more on today's market -- and don't miss:


Among the stocks with notable call activity is Organovo Holdings Inc (NYSEMKT:ONVO), with the contracts crossing at five times what's expected at this point in the day. Bullish betting is accelerated on news the company has entered into a research agreement with Merck Sharp and Dohme Corp., which has sent the shares 18.6% higher to $5.30. ONVO's May 6 call is seeing likely buy-to-open activity, as speculators wager on the security to topple $6 by the close on Friday, May 15, when front-month options expire.

For more midday statistics and stocks on the move, head to page 2.

Angie's List Inc (NASDAQ:ANGI) is among the biggest winners on the Nasdaq, surging 13.3% to trade at $6.97 -- and muscling back into positive year-to-date territory. Sparking the upside move was an unexpected quarterly profit -- as well as potential short-covering activity, considering more than one-fifth of the stock's float is sold short.


Cree, Inc. (NASDAQ:CREE) is one of the biggest decliners on the Nasdaq, dropping 9% to trade at $32.20. The shares are getting punished by the brokerage bunch following a fiscal third-quarter earnings miss, as both Deutsche Bank and Canaccord Genuity slashed their price targets to $31 from $34. As mentioned previously, CREE is no stranger to post-earnings downside.

The CBOE Volatility Index (VIX) is down 0.2 point, or 1.8%, at 13.01.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.79, with puts nearly doubling calls. SPY was last seen up 0.4 point, or 0.2%, at $210.04.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI