China, Energy Smack Dow Jones Industrial Average

Analysts Eye Record Highs for Google, Facebook; What About Apple?

Aug 11, 2015 at 11:55 AM
facebook X logo linkedin

After setting fire to its seven-session losing streak on Monday, the Dow Jones Industrial Average (DJIA) has resumed its sell-off, as traders react to a surprise currency move by China's central bank -- which has a number of mainland-based companies sinking. Also weighing on investor sentiment is crude oil, which is on pace to notch its lowest close of the year -- off 4.2% at $43.08 per barrel. In fact, little waves have been made by today's batch of economic data, which includes a stronger-than-expected-rise in wholesale inventories -- suggesting an upward revision to second-quarter gross domestic product (GDP) could be on the horizon -- and an uptick in second-quarter productivity. At last check, though, the Dow was staring at a triple-digit loss, with all but three of its 30 components in red.


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




Among the stocks with notable put volume is JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), with the contracts crossing at 33 times the average intraday pace. Shares of the alternative energy concern are up 2.3% at $8.02, following better-than-expected second-quarter earnings, and it appears option traders are initiating new positions at JASO's September puts.


For a third straight session, Aquinox Pharmaceuticals Inc (NASDAQ:AQXP) is making big moves -- and is one of the top gainers on the Nasdaq today. Since last Thursday's close at $1.79, the stock has jumped more than 1,100% -- including this morning's 15.8% pop that has AQXP lingering near $22 -- and hit a record high of $55.75 yesterday. Sparking the risk-on backdrop has been a number of fundamental developments, including well-received data on the drugmaker's bladder treatment.

One of the top losers on the Big Board is Intrexon Corp (NYSE:XON). Last night, the biotech reported second-quarter sales that fell short of estimates, prompting a pair of negative analyst notes. Against this backdrop, XON is off 10.6% at $51.59 -- and on track to close south of its 50-day moving average for the first time since June 1.



The CBOE Volatility Index (VIX) isup 1.7 point, or 14.2%, at 13.96, but stalling out near the 14 mark.


Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.83, with puts nearly doubling calls. SPY is off 2.2 points, or 1%, at $208.39.



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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI