Schaeffer's Top Stock Picks for '25

Dow Jones Industrial Average Rises; Nasdaq Extends Streak of Highs

3 Gold Stocks Getting Crushed; Plus, Is GoPro Poised for an Earnings Pop?

Jul 20, 2015 at 4:26 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) ended with a modest gain, and the Nasdaq Composite (COMP) touched another record high, as traders digested an encouraging round of earnings reports. Meanwhile, developments out of China once again sent gold lower, and crude's rough session weighed on energy stocks -- solars notwithstanding. Looking ahead, traders are eagerly awaiting another day packed with quarterly numbers, with Apple Inc. (NASDAQ:AAPL) and several other big names on deck.

 

Continue reading for more on today's market, including:

 

 

The Dow Jones Industrial Average (DJIA - 18,100.41) spent time on both sides of breakeven today, but ultimately settled with a gain of 14 points, or 0.1%. Visa Inc (NYSE:V) led the 14 advancing blue chips, adding 2.6%, while Intel Corporation (NASDAQ:INTC) paced the losing majority with a 1.3% drop.

 

The S&P 500 Index (SPX - 2,128.28) gained 1.6 points, or 0.1%, and came within 2 points of a record peak at its session high. The Nasdaq Composite (COMP - 5,218.86) touched an intraday record for a third straight session, peaking at 5,231.94, before settling with a gain of 8.7 points, or 0.2%.

 

The CBOE Volatility Index (VIX - 12.25) bounced from a year-to-date low, tacking on 0.3 points, or 2.5%. 

 

150720recap1

 

150720recap2

 

5 Items on Our Radar Today:

 

  1. White House economic advisor Maurice Obstfeld has been appointed the next chief economist at the International Monetary Fund (IMF). "He is known around the globe for his work on international economics and is considered one of the most influential macroeconomists in the world," said Christine Lagarde, managing director of the IMF, in a written statement. (The Seattle Times)
  2. Paypal Holdings Inc (NASDAQ:PYPL) was the latest of several companies to break out in its public debut. By day's end, the stock's market capitalization was roughly $50 billion -- considerably higher than the less-than-$35 billion valuation of parent company eBay Inc (NASDAQ:EBAY). (TechCrunch)
  3. Speaking of EBAY, the post-split shares edged higher after an acquisition, while sector peer Etsy Inc (NASDAQ:ETSY) fell off a cliff.
  4. SolarCity Corp (NASDAQ:SCTY) got a major lift after its archrival got bought out.
  5. The earnings momentum could continue tomorrow, with this trio headed to the confessional.

 

150720recap3

 

150720recap4

 

150720recap5

 

Commodities:

 

Crude futures dropped amid concerns about global demand. At day's end, August-dated oil was down 74 cents, or 1.5%, at $50.15 per barrel -- its lowest level since early April.

 

Gold plummeted amid widespread Chinese selling. By the close, gold for August delivery had fallen $25.10, or 2.2%, to settle at $1,106.80 per ounce -- a five-year low.

 

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?