Trump Concerns Crush Dow Jones Industrial Average

2 Casino Stocks Hitting the Jackpot

Apr 3, 2017 at 11:55 AM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) is down nearly triple digits, in what's been a rocky start to the second quarter -- especially for utilities and financial shares. Weighing on stocks are concerns about President Donald Trump's upcoming meeting with Chinese President Xi Jinping, along with mixed economic data. Specifically, the ISM manufacturing index came in above estimates and construction spending rose to a nearly 11-year high, but Markit's manufacturing purchasing managers index (PMI) missed the consensus view en route to a six-month low, while March auto sales have generally underwhelmed. Meanwhile, New York and other states have accused the Trump administration of breaking the law by delaying energy efficiency standards, exacerbating concerns about the president's ability to deliver on campaign promises. However, while the Nasdaq Composite (COMP) has turned lower with the Dow, the tech-rich index earlier notched a fresh all-time high.

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

  • 2 casino stocks hitting the proverbial jackpot.
  • Barron's: Contrarians could make 30% on Under Armour stock.
  • Plus, Lumber Liquidators stock hits highs; Novocure explodes on drug data; and Fiat shares slide on sales.

midday market stats april 3

Among the stocks with unusual call volume today is flooring expert Lumber Liquidators Holdings Inc (NYSE:LL), where the contracts are crossing at 23 times the expected intraday rate. Most active is the in-the-money August 21 call, where International Securities Exchange (ISE) data confirms some buy-to-open activity. LL stock was last seen 6% higher at $22.25, and earlier touched a 12-month peak of $22.73.

The top percentage gainer on the Nasdaq today is drug stock Novocure Ltd (NASDAQ:NVCR), up nearly 47% at $11.90. Driving the shares -- which are trading at their highest level in nearly a year -- is positive drug data.

novocure stock chart today

Automaker Fiat Chrysler Automobiles NV (NYSE:FCAU) is one of the worst performers on the New York Stock Exchange, down 4.8% at $10.43. FCAU stock is being hammered by a 5% year-over-year decline in March auto sales.


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI