SPX, COMP Hit New Highs; Dow Jones Industrial Average Climbs

The Biotech Down 80%; Plus, SPX, COMP Hit Highs

Apr 27, 2015 at 11:49 AM
facebook X logo linkedin

Ahead of Apple Inc.'s (NASDAQ:AAPL) big event this evening, the Dow Jones Industrial Average (DJIA) is sitting on modest gains. Also higher are the Nasdaq Composite (COMP) and S&P 500 Index (SPX), with the former hitting a fresh 15-year peak, and the latter touching a new all-time high. While the lone report on the economic calendar, the Dallas Fed manufacturing index, missed expectations, traders' hopes remain high going into a busy week.

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


Among the stocks with notable option activity is Sprint Corp (NYSE:S), with both calls and puts crossing at a much faster-than-usual pace. The most popular option is the May 5.50 call, thanks to an 8,119-contract sweep initiated by one trader. It appears the contracts were bought to open, meaning the speculator anticipates shares of the telecom firm will topple $5.50 -- for the first time since early November -- before the options expire at the close on Friday, May 15.

Tesla Motors Inc (NASDAQ:TSLA) is nearly the top gainer on the Nasdaq today, tacking on 6.2% to trade at $231.94. This is the first time shares of the automaker have touched $230 since early December, and they are also on pace to close above their 50-week moving average for the first time in 2015.


Akorn, Inc. (NASDAQ:AKRX) is one of the biggest decliners on the Nasdaq today. The pharmaceutical stock has given back roughly one-fifth of its value to trade at $43.85, after the company announced it will be restating financial reports from three previous quarters (as well as its 2014 year-end statement) due to inaccurate revenue figures. On top of that, J.P. Morgan Securities cut it price target to $58 from $61, while Piper Jaffray downgraded the stock to "neutral" and lowered its price target to $53 from $66, citing "credibility questions."

The CBOE Volatility Index (VIX) is up 0.1 point, or 0.9%, at 12.40.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 2.12, with puts outstripping calls. SPY was last seen up 0.6 point, or 0.3%, at $212.21.


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