Dow Jones Industrial Average Tries for a Second Straight Win

3 Big Earnings Misses; Plus, Why Bears Are Flooding Tesla

Feb 25, 2016 at 12:20 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) has turned higher at midday, with help from a big rebound in durable goods orders and dovish comments from both St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart. Stocks are attempting to shrug off a steep sell-off in China and declining oil prices; April-dated crude futures have plunged 1.6% to $31.65 per barrel, as speculators fret over a global crude supply glut. At last check, the Dow was in the green -- trying to make it two in a row.

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

160225mmc

Among the stocks with unusual put volume is Transocean LTD (NYSE:RIG), with the contracts crossing at seven times the average intraday pace. The oil-and-gas issue is extending yesterday's sharp decline -- down 4.2% at $7.85 -- after reporting earnings. It looks like some speculators are betting on the $7 level to hold as short-term support, though, with sell-to-open activity detected at RIG's March 7 put.

Alternative energy concern Sunedison Inc (NYSE:SUNE) is one of the biggest advancers on the New York Stock Exchange (NYSE), up 32% at $1.67, following news Vivint Solar Inc (NYSE:VSLR) shareholders have approved SUNE's takeover of the company. Despite today's surge, shares of SUNE are still lingering in 14-year low territory, down 93% year-over-year.

160225SUNE

Financial information provider Bankrate Inc (NYSE:RATE) is one of the biggest losers on the NYSE today, down 47% at $6.78, after the company's fourth-quarter results fell short of analysts' estimates. Earlier, the stock fell to a record low of $6.59, and has lost nearly half its value year-to-date.

The CBOE Volatility Index (VIX) is down 0.3 point, or 1.2%, at 20.47.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.77, with puts nearly doubling calls. SPY is up 0.2% at $193.45.
 

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