Dow Jones Industrial Average Hits Its Stride; Nasdaq Dips

Nike Lifts Dow; The Chipmaker Weighing On the Nasdaq

Jun 26, 2015 at 12:00 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) is having a solid outing, up more than 100 points at its intraday peak, led by Nike Inc's (NYSE:NKE) 4.5% post-earnings ascent. With no news expected out of Greece until tomorrow's meeting with eurozone leaders, traders are digesting the latest SCOTUS ruling on same-sex marriage -- just a day after a big-time decision on Obamacare -- and a five-month high in consumer sentiment. Elsewhere, the Nasdaq Composite (COMP) and S&P 500 Index (SPX) ​are struggling to keep up, with the former in the red. 

 

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

 

 

150626MMC1

 

 

 

Among the stocks with notable call volume is Deere & Company (NYSE:DE), as the shares hit a four-year high of $96.70 earlier, and were last seen 2.9% higher at $96.06. Calls are crossing at 21 times the expected intraday pace, with the July 100 call most popular. With apparent buy-to-open action here, traders are betting on the stock to topple the century mark for the first time before the options expire at the close on Friday, July 17. 

 

One of the top gainers on the New York Stock Exchange is NKE, up 4.3% at $109.75 -- after earlier hitting an all-time high of $110.34 -- thanks to yet another strong showing in the earnings confessional last night. The shares of the athletic apparel stock are up nearly 14% year-to-date. 

 

Just a day after hitting a record high north of $18, Rockwell Medical Inc (NASDAQ:RMTI) is one of the biggest losers on the Nasdaq, giving back 6% to hit $15.40. It could be that the shares of the biotech name were ready for a pullback, as their 14-day Relative Strength Index (RSI) is docked at 78 -- well into overbought territory. RMTI remains 49% above breakeven in 2015. 

 

150626RMTI1

 

The CBOE Volatility Index (VIX) is 0.2 point, or 1.1%, at 14.16. 

 

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 2.04, with puts doubling calls. The SPY is 0.1 point, or 0.2%, higher at $210.05. 

 

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