Dow Jones Industrial Average Nabs Monthly Win

The 10 Best February Stocks

Jan 31, 2017 at 4:31 PM
facebook twitter linkedin

The Dow Jones Industrial Average (DJIA) shed triple digits for a second straight session, as a round of disappointing earnings and concerns over President Donald Trump's immigration ban continued to weigh on the market, though some drug stocks saw a boost following Trump's comments on drug pricing. Despite the risk-off backdrop -- which, along with a weaker U.S. dollar, has served as a boon for gold prices -- the Dow clinched a solid monthly gain. Additionally, the Russell 2000 Index (RUT) outperformed today, with the small-cap barometer ending the session up 0.7%.
Continue reading for more on today's market, including:

  • The 10 best stocks to own in February.
  • Behind a rare pop in option activity on Apple Inc. (NASDAQ:AAPL).
  • 3 gold names making big moves higher.
  • Plus, Under Armour drops 23%, big earnings expectations for one steel stock, and Seadrill gets leveled.

The Dow Jones Industrial Average (DJIA - 19,864.09) gave up 107 points, or 0.5% for the day, with Goldman Sachs Group Inc (NYSE:GS) tracking 21 of the 30 components lower on a 1.9% loss. Pfizer Inc. (NYSE:PFE) led the nine gainers, adding 1.4%. For the month, the blue-chip index advanced 0.5%.

The S&P 500 Index (SPX - 2,278.87) shed 2 points, or 0.1%, paring its monthly gain to 1.8%. The Nasdaq Composite (COMP - 5,614.79) added 1.1 point, or 0.02% in the final moments of trading, bringing its monthly gain to a healthy 4.3%.

The CBOE Volatility Index (VIX - 11.99) climbed 0.1 point, or 0.9% -- but shed 14.6% in January.

indexes closing summary jan 31
nyse and nasdaq stats jan 31

5 Items on Our Radar Today

  1. Workplace messaging service Slack revealed a new product, Slack Enterprise Grid, aimed at larger businesses, with a range of new capabilities. The company, which reportedly has 1.5 million paying users, is hoping to take on the likes of Microsoft Corporation (NASDAQ:MSFT), and justify its $3.8 billion valuation. (CNBC)
  2. San Francisco became the first city to officially challenge the Trump administration's order to block funding from "sanctuary cities" -- following the White House's controversial immigration ban. The city filed a lawsuit today alleging the executive order violates the U.S. Constitution's 10th Amendment. (Reuters)
  3. The double-barreled blow that sent Under Armour Inc (NYSE:UAA) down 23%.
  4. The options market is pricing in a big post-earnings move for this steel stock.
  5. Restructuring talks leveled Seadrill Ltd (NYSE:SDRL) -- and had option bears betting on more near-term losses.

quarterly earnings jan 31
unusual options activity jan 31
Data courtesy of Trade-Alert


Crude oil ticked higher for the day, as traders continued to digest signs of growing domestic supplies against falling global inventories. March-dated crude futures finished up 18 cents, or 0.3%, at $52.81 per barrel. Nevertheless, oil fell 1.7% in January.

Gold prices advanced, as growing anxiety surrounding Trump's executive orders and tomorrow's Fed announcement weighed on the U.S. dollar. The April-dated contract added $15.40, or 1.3%, to end the day at $1,211.40 an ounce. The malleable metal added 5.2% in January, its best monthly advance since June.

Stay on top of overnight news & big morning movers. Sign up now for Schaeffer's Opening View.


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