Schaeffer's Top Stock Picks for '25

Dow Jones Industrial Average Drops 133 on Post-Fed Uncertainty

Stocks Sink as Post-Fed Woes Intensify; Plus, the Biotech Booming 35%

Sep 18, 2015 at 12:02 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) is extending its post-Fed woesplunging triple digits -- and struggling to stay out of correction territory -- as traders consider the implications of the central bank's decision not to raise interest rates amid a weak global economy. Potentially adding to the volatility is the fact that today is quadruple-witching Friday. While the only notable item on the docket is the Conference Board's index of leading economic indicators -- which edged higher last month -- next week is a big one, with Fed Chair Janet Yellen slated to speak and gross domestic product (GDP) numbers on tap. On the commodities front, gold is up big amid the broad-market downturn, while crude is getting drilled.

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

 

150918mmc

Among the stocks with notable call volume is software giant Adobe Systems Incorporated (NASDAQ:ADBE), with the contracts racing to nine times their average intraday amount. At last check, the stock was up 3.2% at $82.89, as the company's quarterly results and bullish analyst attention overshadow downbeat guidance. Digging deeper in the options pits, traders may be buying new positions at the September 85 call, hoping ADBE topples the strike by tonight's close, when front-month options expire.

 

One of the leading gainers on the Big Board is Kinross Gold Corporation (USA) (NYSE:KGC), up 5% at $1.77 amid a sector-wide bounce. Also helping the miner's shares northward is the company's decision to upwardly revise the lower end of its production outlook, and lower its full-year capital spending and overhead cost forecasts.

One of the worst performers on the Big Board is hotel chain La Quinta Holdings Inc (NYSE:LQ), down 15% at $16.10 -- and fresh off a record low of $15.69. The stock is getting hit by a major management shake-up, lackluster guidance, and a pair of bearish brokerage notes.

150918lq

The CBOE Volatility Index (VIX) is up 0.8 point, or 3.8%, at 21.95, with earlier gains capped by its 10-day moving average.

 

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.90, with puts nearly doubling calls. SPY was last seen 1.7 points, or 0.9%, lower, at $197.

 

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

10 Stock Picks FREE
 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter