GDP, P&G Whack Dow Jones Industrial Average

3 Soaring Pharma Stocks; Plus, Facebook Joins Social Swoon

Jul 30, 2015 at 11:49 AM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) headed lower out of the gate and hasn't looked back, as traders digest lackluster gross domestic product (GDP) figures, as well as the possibility of a September interest-rate hike. Leading the Dow lower is blue chip Procter & Gamble Co (NYSE:PG), which is off 3.5% on lower-than-expected quarterly sales and weak guidance for the upcoming fiscal year. On the economic front, first-time jobless claims rose less than predicted last week.

 

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

 

 

150730mmc

 

 

Among the stocks with notable call volume is Nokia Corporation (ADR) (NYSE:NOK), as the contracts are being exchanged at 17 times the usual intraday rate. At last check, the tech issue was up 5.6% at $6.96, following an earnings beat. Diving deeper on the options front, data from the International Securities Exchange (ISE) shows a massive sweep of October 8 calls was bought to close earlier.

 

One of the worst losers on the Nasdaq is Whole Foods Market, Inc. (NASDAQ:WFM), which has fallen 11% to trade at $36.34, and earlier skimmed a three-year low of $35.82. Weighing on shares of the organic grocer are disappointing quarterly results and a subsequent round of negative analyst attention.

 

One of the top winners on the Big Board is Skechers USA Inc (NYSE:SKX), up 14.3% at $146.78 -- and fresh off an all-time peak of $147.29. Unlike WFM, the shoe retailer reported better-than-expected earnings and received a number of price-target hikes, in response.

 

150730skx

 

The CBOE Volatility Index (VIX) is up 0.01 point, or 0.1%, at 12.51.

 

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 2.00, with puts doubling calls. The SPY was last seen off 1 point, or 0.5%, at $209.74.

 

 

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