Dow Jones Industrial Average Wins Wild Day

One Stock's Best Day Ever

Jan 28, 2016 at 4:28 PM
facebook X logo linkedin


Stocks went on another roller-coaster ride today, as a strong round of quarterly earnings and an extended bounce in oil helped dull the pain of a pair of disappointing economic reports. The Dow Jones Industrial Average (DJIA) shrugged off a midday slump, thanks to Caterpillar Inc.'s (NYSE:CAT) well-received earnings and a crude-related bump for Chevron Corporation (NYSE:CVX). Meanwhile, a huge pop in revenue had Facebook Inc (NASDAQ:FB) within striking distance of a new record high -- and helped boost the Nasdaq Composite (COMP) to a big win. 


Continue reading for more on today's market, including
:

Although the Dow Jones Industrial Average (DJIA - 16,069.64) was off nearly 81 points at its intraday low, it managed to close 125.2 points, or 0.8%, higher. Twenty-two of the Dow's 30 components settled with gains, led by CAT's 4.7% advance. American Express Company (NYSE:AXP) paced the eight decliners with its 3% drop.

The S&P 500 Index (SPX - 1,893.36) took a brief trip north of 1,900 at the open, before eventually settling with a slimmer 10.4-point, or 0.6%, gain. The Nasdaq Composite (COMP - 4,506.68), meanwhile, outperformed its peers, jumping 38.5 points, or 0.9%.

The CBOE Volatility Index (VIX - 22.42) retreated 0.7 point, or 3%, and back below the call-heavy 23 mark.

160128Recap1 

160128Recap2

5 Items on Our Radar Today:

  1. Durable goods orders dropped a wider-than-expected 5.1% last month, due to tumbling oil prices, weak global demand, and a stronger dollar. Elsewhere, pending home sales edged up 0.1% in December -- less than the 1% economists had forecast. (CNBC; MarketWatch)

  2. Carolina Panthers quarterback Cam Newton made made an extra $1 million in endorsements last week, after securing his team's spot in the Super Bowl last Sunday. Newton is currently in deals with General Motors Company (NYSE:GM), Microsoft Corporation (NASDAQ:MSFT), and Under Armour Inc (NYSE:UA), among others, and is the highest-paid NFL pitchman. (Bloomberg)

  3. Unlike AAPL, Cirrus Logic, Inc. (NASDAQ:CRUS) soared in the wake of its results and subsequent round of bullish brokerage notes.

  4. Option bears are circling Alphabet Inc (NASDAQ:GOOGL) ahead of next week's big announcement.

  5.  Schaeffer's contributor Adam Warner unveiled a new way to track VIX exchange-traded funds.

160128Recap3
  160127recap4
Data courtesy of Trade-Alert

Commodities:

Crude oil rose again today -- nabbing its third consecutive win -- but ended off its session highs, after Organization of the Petroleum Exporting Countries (OPEC) officials reportedly denied plans to meet with Russia over output cuts. The March-dated contract finished up 92 cents, or 2.9%, at $33.22 per barrel -- its highest settlement since Jan. 7 -- after peaking at $34.82 in intraday trading.

Gold, meanwhile, closed lower for a second straight session, as a rally in equity markets cooled demand for the safe-haven asset. At the close, gold for April delivery was off 20 cents at $1,116.10 per ounce.

 

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