Apple, Greece Help Dow Jones Industrial Average Bounce

Dow Up Triple Digits; Plus, 22 Stocks Flashing 'Buy'?

May 27, 2015 at 11:58 AM
facebook twitter linkedin

The Dow Jones Industrial Average (DJIA) is notably higher today -- and is putting a dent in yesterday's steep losses -- despite a continued rise in the dollar. Helping to lead the blue-chip barometer north is Apple Inc.'s (NASDAQ:AAPL) 1.7% pop, which comes in the wake of Tuesday's upbeat analyst note, as well as reports that Greece may soon hash out a deal to meet its debt obligations. Also in focus are retailers Michael Kors Holdings Ltd (NYSE:KORS) and Tiffany & Co. (NYSE:TIF), with the equities headed in decidedly different post-earnings directions.


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



Midday Market Stats


Among the stocks with notable option volume is Workday Inc (NYSE:WDAY), with the contracts changing hands at 11 times what's typically seen at this point in the day. Shares of the cloud concern are down 10.7% at $82.58 -- and on track for their lowest daily close since mid-March -- after the company's current-quarter outlook was met with a round of bearish brokerage attention. Option traders are split on the stock's near-term trajectory, with buy-to-open activity detected at WDAY's June 85 call and July 75 put.


For the second day in a row, Youku Tudou Inc (ADR) (NYSE:YOKU) is one of the leading laggards on the Big Board. Since topping out at an annual high of $31.40 on Friday, the Internet stock has shed 12.4% -- including today's 6.6% plunge -- to trade at $27.52.


One of the biggest gainers on the Nasdaq is Five Prime Therapeutics Inc (NASDAQ:FPRX). The stock is up 12.6% at $22.15 -- and barreling through its 40-day moving average -- on reports of a new licensing agreement with fellow drugmaker bluebird bio Inc (NASDAQ:BLUE) to develop a cancer cell therapy. Longer term, shares of FPRX are down 17.6% on the year.


Daily Chart of FPRX Since January 2015 With 40-Day Moving Average


After closing above its 50-day moving average for the first time since May 7 yesterday, the CBOE Volatility Index (VIX) is down 0.7 point, or 4.6%, at 13.41 -- and back below this notable level.


Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.65, with puts easily outpacing calls. At midday, SPY is up 1.3 points, or 0.6%, at $211.99.


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners