Dow Jones Industrial Average Dips as Nasdaq Surges on Earnings

The Tantalizing Tesla Mystery

Jul 17, 2015 at 12:05 PM
facebook X logo linkedin


At last check, the Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) were each sitting below breakeven. The Nasdaq Composite (COMP), on the other hand, is thriving, touching record highs after Google Inc (NASDAQ:GOOGL) blasted Wall Street's expectations with its second-quarter numbers. As for economic data, the consumer price index (CPI) -- in focus after Fed Chair Janet Yellen's rate-hike projections -- rose in line with expectations, housing starts impressed, and consumer sentiment edged lower in July. 

 

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

 

 

150717MMC1

 

 

Among the stocks with notable call activity today is Facebook Inc (NASDAQ:FB), with the contracts being exchanged at six times the expected intraday rate -- though not all of this activity may be bullish. The social media behemoth's most popular contract today is the weekly 7/31 100-strike call, and it looks like some traders are selling it to open. In other words, these bettors are speculating FB won't top $100 by the end of the month, when the contracts cease trading. This activity comes at an interesting time -- the shares have been surging recently, adding 7.8% this week to hit a record peak of $94.82 today

 

Car rental name Hertz Global Holdings Inc (NYSE:HTZ) is sitting near the top of the Big Board today, gaining 12.7% to trade at $19.15, after the company restated past financial statements and committed to its $1 billion share buyback plan

 

Mattel, Inc. (NASDAQ:MAT) is 4.5% lower today at $24.01 -- and near the bottom of the Nasdaq -- following the company's latest round in the earnings booth last night. Shares of the toy-making giant initially surged following the event, yet they now sit 22% below breakeven in 2015.

 

150717MAT

 

The CBOE Volatility Index (VIX) has edged 0.3% lower to 12.07. 

 

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.68, as put volume trounces call volume. The SPY was sitting 0.2 point, or 0.1%, lower at $212.05, at last check. 

 

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!

 

 
 
 


 
 

Rainmaker Ads CGI