Oil, ECB Boost Dow Jones Industrial Average 260 Points

Are These 3 Blue Chips Set to Bounce?

Jan 21, 2016 at 12:09 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) is up triple digits at midday, as oil stabilizes following encouraging stimulus comments from overseas. Specifically, March crude futures have risen 4.3% to $29.58 per barrel, after European Central Bank (ECB) President Mario Draghi said shaky economic conditions may prompt the central bank to "possibly reconsider our monetary policy stance" at its March meeting. Additionally, the blue-chip barometer is getting a boost from Home Depot Inc (NYSE:HD) -- which is up 4% following an upbeat note from J.P. Morgan Securities -- and well-received earnings from Verizon Communications Inc. (NYSE:VZ).

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

160121mmc1

Among the stocks with unusual option volume today is Starbucks Corporation (NASDAQ:SBUX), with both puts and calls changing hands at two times the average intraday rate. The coffee concern will step into the earnings confessional after the close, and the stock's weekly 1/22 series is hot -- accounting for seven of SBUX's 10 most active options. At last check, the shares are 2.8% higher at $58.52.

Kinder Morgan Inc (NYSE:KMI) is one of the big winners on the S&P 500 Index (SPX) today. Despite the oil-and-gas issue recording a $1.15 billion write-down in the fourth quarter -- news that triggered price-target cuts at Goldman Sachs and SunTrust Robinson -- the stock is up 17.5% at $14.12. However, today's rally is being met with resistance at KMI's 20-day moving average, a trendline that's ushered the stock lower since last April.

160121kmi

Seagate Technology PLC (NASDAQ:STX) is one of the leading laggards on the SPX today, down 4.2% at $27.99. This negative price action is nothing new for the data storage provider, considering it's staring at a 23.6% year-to-date deficit.

The CBOE Volatility Index (VIX) is down 9% at 25.10.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.45, with puts having the edge over calls. SPY is up 0.8% at $187.24 -- and keeping this critical level in play.

 

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