Merck Pulls Dow Jones Industrial Average Out of the Red

Dow Bounces Back Ahead of Fed; Plus, Apple's New Record

Apr 28, 2015 at 12:05 PM
facebook X logo linkedin

It's already been a choppy day for the Dow Jones Industrial Average (DJIA). Futures on the index pointed to a slow start out of the gate, but the blue-chip bellwether has since traded on both sides of breakeven, last seen modestly higher. Traders have plenty of earnings figures to take in -- including an earnings beat from Dow component Merck & Co., Inc. (NYSE:MRK) -- plus, the Federal Open Market Committee's (FOMC) two-day policy-setting meeting is underway. On the economic front, the Conference Board's consumer confidence survey came in below expectations for April, while the S&P/Case-Shiller home price index gained 5% year-over-year in February. Elsewhere, gold was higher at last check, while crude has pared earlier gains on reports that Iran has seized a cargo ship.

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

  • Why VASCO Data Security International, Inc. (NASDAQ:VDSI) is one of the top gainers on the Nasdaq, and Apple Inc. (NASDAQ:AAPL) continues to reach new heights.
  • Which side of the "bubble talk" are you on? Schaeffer's contributor Adam Warner gives his take on the issue.
  • Plus ... Checking in on the CBOE Volatility Index (VIX), the SPDR S&P 500 ETF Trust (SPY), and other noteworthy stats at midday.

Among the stocks with notable call activity is United Parcel Service, Inc. (NYSE:UPS), with the contracts crossing at 12 times the expected intraday rate. It looks like traders are buying to open the May 100 call, expecting extended gains above the century mark before front-month options expire at the close on Friday, May 15. Shares of the delivery service were last seen 3.4% higher at $100.75, thanks to well-received first-quarter numbers.

1-800-Flowers.Com Inc (NASDAQ:FLWS) shareholders are smelling the roses today, with the stock sitting among the top Nasdaq gainers at midday. Shares of the florist were last seen 15% higher at $12.47, after the company reported a surprise third-quarter profit. Now, FLWS has tacked on over 51% in 2015.

Container Store Group Inc (NYSE:TCS) has dropped over one-fifth of its value, last seen at $17.26, making it the biggest loser on the Big Board today. The company announced fiscal fourth-quarter numbers that were well below expectations, prompting a round of negative brokerage attention. Short sellers couldn't be happier. Short interest represents over one-quarter of the retail stock's float, and would take close to three weeks to repurchase, at average daily volumes. TCS is now back in the red on a year-to-date basis with today's losses.


The CBOE Volatility Index (VIX) is off 0.2 point, or 1.7%, at 12.90.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 2.07, with puts doubling calls. SPY was last seen up 0.3 point, or 0.2%, at $210.44.


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI