Dow Jones Industrial Average Edges Higher; Nasdaq Notches Another Record

2 Healthcare Stocks That Could Skyrocket in May

Apr 26, 2017 at 12:03 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) is modestly higher, while the Nasdaq Composite (COMP) broke out to yet another all-time peak earlier, north of the key 6,000 level. Bolstering the Dow are upbeat earnings from United Technologies Corporation (NYSE:UTX) and hopes that the Trump tax plan -- expected to be revealed today -- will lower the corporate tax rate to 15%. Following stocks higher are oil prices, after crude stockpiles fell more than expected last week -- with June-dated crude futures last seen up 0.4% at $49.77 per barrel.

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

  • 2 healthcare stocks that could skyrocket in May, if history is any indicator.
  • How options traders are playing GoPro Inc (NASDAQ:GPRO) ahead of earnings.
  • Plus, a big bullish bet on First Solar; Cree's post-earnings disaster; and the drug stock pacing the Nasdaq.

midday market stats april 26

Among the names with unusual call volume today is alternative energy stock First Solar, Inc. (NASDAQ:FSLR), with the contracts flowing at seven times the usual intraday rate. Much of the volume stems from a 5,000-contract block of May 29 calls, which Trade-Alert suggests was bought to open, and encompasses FSLR's earnings report next week. At last check, FSLR shares are up 4.6% at $28.81.

One of the worst performers on the Nasdaq is Cree, Inc. (NASDAQ:CREE), dropping 14% to trade at $21.35 -- not far from November's multi-year lows -- and landing on the short-sale restricted list. Triggering the sell-off in shares of the LED specialist were a poor earnings report and subsequent downgrade.

cree stock chart today

The top gainer on the Nasdaq is biotech Akebia Therapeutics Inc (NASDAQ:AKBA), which is sitting on a brow-raising 44.3% gain at $13.52 -- and fresh off an annual high of $13.64. The stock is soaring after the company entered into a licensing agreement with Otsuka, winning it applause on Wall Street.

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!

 

 
 
 


 
 

Rainmaker Ads CGI