Crude Halts Dow Jones Industrial Average Rally; Fed Decision Looms

A 'Top Stock' Bulls Shouldn't Miss

Dec 16, 2015 at 11:58 AM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) was up by more than 165 points earlier, but has pared most of those gains amid a resuming downtrend in crude oil -- with January-dated futures last seen 2.7% lower at $36.33 per barrel, following a surprise build in U.S. stockpiles. Traders are also on pins and needles ahead of this afternoon's Fed policy statement and subsequent speech from Chair Janet Yellen, and short-term Treasury yields are flirting with six-year highs. Meanwhile, a raft of mixed data hit the Street earlier, including a sharper-than-forecast decline in industrial production, a three-year low in Markit's flash purchasing managers manufacturing index (PMI), and a nearly eight-year high in single-family housing starts.

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

151216mmc

Among the stocks with elevated call volume is First Solar, Inc. (NASDAQ:FSLR), as the contracts are running at five times the usual intraday clip. With the stock up 8.5% at $64.90 on sector tailwinds -- and fresh off an annual high of $66.35 -- it's no wonder that bullish betting is picking up. Specifically, buy-to-open activity is detected at the December 65 and January 2016 67.50-strike calls -- FSLR's most active options.

One the biggest gainers on the Nasdaq is Array Biopharma Inc (NASDAQ:ARRY), after the drugmaker released upbeat late-stage trial results. At last check, ARRY was 21% higher at $4.64, and in territory not explored in about a month.

151216arry


One of the notable losers on the Big Board is Global Payments Inc (NYSE:GPN), down 9.8% at $64.42, despite a round of price-target hikes and a $4.3 billion acquisition.

The CBOE Volatility Index (VIX) is off 0.9 point, or 4.1%, at 20.10.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.42, with puts outstripping calls. At last check, SPY is up 0.3% at $205.67.

 

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