AAL

Dow Jones Industrial Average Slides on Earnings; Gold Hits Low

Apple, Microsoft Send Dow Reeling

Jul 22, 2015 at 11:48 AM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) is staring at significant losses, due to some lackluster earnings performances -- including one by blue chip Microsoft Corporation (NASDAQ:MSFT). Even Dow components Boeing Co (NYSE:BA) and The Coca-Cola Co (NYSE:KO) -- which topped quarterly expectations this morning -- are struggling to hold on to earlier gains. Elsewhere, existing home sales came in better than expected last month, home prices rose in line with estimates, crude stockpiles unexpectedly jumped -- exacerbating the commodity's downward trend -- and gold touched yet another five-year low.

 

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

 

 

150722mmc

 

 

 

Among the stocks with notable call volume is GoPro, Inc. (NASDAQ:GPRO), as the contracts are crossing at six times the usual midday rate, on the heels of a strong quarterly report. The weekly 7/24 series is extremely active today, accounting for eight of the 10 most popular strikes. At last check, GPRO has stepped back 2.2% to trade at $60.66, but since its March 10 low at $37.13, has surged over 63%.

 

One of the top gainers on the Big Board is Lifelock Inc (NYSE:LOCK), which is bouncing back from Tuesday's sell-off despite getting hit with a round of bearish brokerage attention. At last check, shares of the identity protection firm have popped 9.1% to trade at $8.89, but are still sitting on a 52% year-to-date deficit.

 

One of the biggest advancers on the Nasdaq is medical equipment maker Intuitive Surgical, Inc. (NASDAQ:ISRG), boosted by an earnings beat and several bullish analyst notes. Currently, ISRG is up 10.6% at $558.49, and fresh off an annual high of $564.86.

 

150722isrg

 

The CBOE Volatility Index (VIX) is up 0.2 point, or 1.4%, at 12.39.

 

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.82, with puts nearly doubling calls. At last check, SPY is off 0.2% at $211.35.

 

Same-Day Trading Power: +227% YTD and Counting  — Get in for $10!

We're celebrating 44 years of helping traders win, and you can now tap into one of our most explosive services — Dynamite Day Trading Signals — for just $10.

This service was built for one thing: capturing intraday gains with precision. 

Access two highly-vetted options trades each week -  Complete with defined entries, exits, and a clear plan for same-day profits.

👉 Click Here to Learn More and Position Yourself to Take Action When the Next Alert Hits.