Dow Jones Industrial Average Pinballs Lower

Amazon Hot Ahead of Earnings; Plus, Facebook's "Remarkable" Feat

Jan 28, 2016 at 12:01 PM
facebook twitter linkedin

It's been a volatile start to the day, with the Dow Jones Industrial Average (DJIA) ​slashing between positive and negative territory, already spanning a roughly 223-point trading range. The blue-chip index was last seen south of breakeven, as traders consider yesterday's Fed statement and a drop in durable goods orders. Meanwhile, crude dated for March has added over 2% to trade near $32 per barrel, on speculation that Russia and the Organization of the Petroleum Exporting Countries (OPEC) will work to cut output. For equity news, Dow component Caterpillar Inc. (NYSE:CAT) continues to explore post-earnings upside, while heavy losses among biotech stocks are limiting the Nasdaq Composite's (COMP) gains. 

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



Among the stocks with unusual put activity today is online travel concern Priceline Group Inc (NASDAQ:PCLN). The stock continues to slide after yesterday's analyst-induced sell-off, last seen down 1.8% at $1,025.10. It appears traders are betting on PCLN to breach the millennium mark by week's end by buying to open the weekly 1/29 1,000-strike put. The stock hasn't traded below $1,000 since February 2015. 

One of top winners on the Nasdaq is tech firm Citrix Systems, Inc. (NASDAQ:CTXS), after the company announced strong quarterly results and a promising full-year outlook. The shares are up 8.3% at $71.38, with an upgrade to "market perform" from "market underperform" at JMP Securities and a price-target hike to $67 at Jefferies overshadowing a trio of price-target cuts. This is an auspicious start for CEO Kirill Tatarinov, who took the position just a week ago


A disappointing earnings report and a round of negative analyst notes has tech stock Juniper Networks, Inc. (NYSE:JNPR) near the bottom of the Big Board today. The shares were last seen down 14.4% at $22.72, and earlier touched an annual low of $22. Among the brokerage firms to weigh in was SunTrust Robinson, which lowered its 12-month expected price to $25 from $32. 

The CBOE Volatility Index (VIX) has edged 0.03 point, or 0.1%, higher. 

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.37, with puts outpacing calls. The SPY is off 0.2 point today, or 0.1%, at $187.95. 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners