Dow Jones Industrial Average Heads South; Retail, Energy in Focus

Holiday Sales and the Weather Blame Game

Nov 11, 2015 at 12:08 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) ​has given up early gains, with retail names Wal-Mart Stores, Inc. (NYSE:WMT) and Nike Inc (NYSE:NKE) pacing the decline following grim guidance from Macy's, Inc. (NYSE:M) -- which paints a dim picture for Friday's monthly retail sales report. Overall, trading remains light due to Veterans Day, with no notable economic data set for release until tomorrow's report on jobless claims. Elsewhere, oil has given back 2.5% on an increase in domestic supplies, pressuring heavyweights Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) lower. 

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




Among the stocks with notable options activity is department store chain Nordstrom, Inc. (NYSE:JWN), as it prepares to report earnings tomorrow. Ahead of the event, options are crossing at 10 times the average midday pace, with the November 57.50 put seeing potential buy-to-open activity. In other words, it looks like traders are betting on a post-earnings slide from JWN, which was last seen 5.4% lower at $61.21, and just off an annual low of $61.06. 

One of today's big winners on the Nasdaq is surveillance firm Digital Ally, Inc. (NASDAQ:DGLY). The shares are 13.7% higher at $6.70, as traders prepare for the firm's post-close earnings report. Shareholders are hoping an earnings win can help turn around DGLY's dreadful technical performance


Among the leading losers on the Nasdaq is MannKind Corporation (NASDAQ:MNKD), as the biotech continues to spiral in the fourth quarter. At last check, the equity was off 15.4% at $1.95, and earlier hit a three-year low of $1.76. So far in November, MNKD has dropped roughly 43%, triggered by an earnings miss.

The CBOE Volatility Index (VIX) is up 0.2 point, or 1.1%. 

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.75, as puts outnumber calls. At last check, the SPY was down 0.5 point, or 0.2%, at $208.06. 




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