Dow Jones Industrial Average Edges Higher On Energy Tailwinds

Buy Puts on Ford Stock?

Apr 10, 2017 at 11:48 AM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) has had a positive start to the week, as traders take a risk-on approach amid a surge in energy prices. At last check, May-dated crude futures were up 1.4% at $52.96 per barrel after Libya's largest oil field was shut down by a pipeline disruption. In the process, stocks are shrugging off geopolitical risks, even as a Group of Seven (G-7) meeting convenes in Italy to discuss the escalating situation in Syria. Looking ahead, Fed Chair Janet Yellen is scheduled to speak after the close.

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

  • Time to buy put options on Ford stock?
  • The catalyst catapulting Tesla stock to record highs.
  • Plus, SunPower calls catch fire; the drug shares soaring on buyout buzz; and a double-whammy for one utilities stock.

midday market stats april 10

Among the stocks with unusual call volume today is SunPower Corporation (NASDAQ:SPWR), where the contracts are speeding at 11 times the usual intraday rate. Likely buy-to-open activity is transpiring at the now in-the-money April 6.50 call, which is SPWR's most active strike by a mile. At last check, the solar stock was up 8.4% at $6.69 amid energy tailwinds.

One of the biggest gainers on the Nasdaq so far is drugmaker Akorn, Inc. (NASDAQ:AKRX), up 10.6% at $32.92. The stock earlier surged to a 2017 high of $33.58 on confirmed takeover talks with sector peer Fresenius, burning short sellers in the process.

akorn stock chart today

Among the worst percentage decliners on the New York Stock Exchange is National Fuel Gas Co. (NYSE:NFG), after regulators rejected the firm's pipeline plans. The utilities stock was last seen 6.8% lower at $56.57, with losses exacerbated by a downgrade and price-target cut at Jefferies.

 

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