COMP Steals Spotlight from Dow on Tech Earnings

COMP Can't Be Stopped; Plus, 3 Surging Tech Stocks

Apr 24, 2015 at 11:40 AM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) has been on both sides of breakeven today -- but is poised to notch a weekly win -- while the tech-heavy Nasdaq Composite (COMP) continues to build on yesterday's historic session. This time around, the COMP is rallying in light of an impressive round of quarterly results from a handful of heavy hitters, and earlier touched a 15-year high of 5,099.12. Elsewhere, durable goods orders increased more than expected in March, and the highly anticipated Apple Watch hit the (cyber) shelves.

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

150424mmc


Among the stocks with notable call activity is Cliffs Natural Resources Inc (NYSE:CLF), with the contracts flying off the shelves at 12 times the expected intraday rate. The mining stock is up 7.7% to trade at $5.99, amid a pop in Chinese iron prices. Options traders are expecting additional upside from CLF, too, buying to open the out-of-the-money May 8 call.

Networking firm Gigamon Inc (NYSE:GIMO) is the biggest gainer on the Big Board, soaring nearly 21% today to trade at $28.47, and fresh off an annual high of $29.20. The catalyst for the upside move is GMO's first-quarter earnings beat, which was met with positive analyst attention.

Biogen Inc (NASDAQ:BIIB) is one of the biggest decliners on the Nasdaq, dropping 6.6% to trade at $402. Pressuring shares of the biotech concern is a disappointing turn in the earnings confessional. However, BIIB remains more than 18% higher on a year-to-date basis, and appears to have found a foothold at its 80-day moving average.

150424biib


The CBOE Volatility Index (VIX) is off 0.2 point, or 1.2%, at 12.33.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.34, with puts outstripping calls. SPY was last seen up 0.3 point, or 0.1%, at $211.45.

 

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