Schaeffer's Top Stock Picks for '25

Dow Jones Industrial Average Tracks Oil Lower

How to Triple Your Money in One Trade

Apr 27, 2017 at 11:53 AM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) was last seen modestly lower, even as the Nasdaq Composite (COMP) strung together its fourth straight day of record intraday highs. Stocks are reacting to a raft of weak economic data -- including a spike in weekly jobless claims and a drop in pending home sales -- as well as a mixed round of corporate earnings. Energy is also in view, as oil prices are flirting with one-month lows after production resumed at two Libyan oilfields. At last check, June-dated crude futures are down 2.5% at $48.40 per barrel. Looking ahead, traders are awaiting tomorrow's reading on first-quarter gross domestic product (GDP), and keeping an eye on Capitol Hill as lawmakers attempt to avert a government shutdown.

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

  • 2 catalysts driving Paypal stock to record highs.
  • How we tripled our money on this retail options trade.
  • Plus, GrubHub gaps higher; the airline stock hitting turbulence; and Under Armour shares soar on earnings.

stock market today

Among the names with unusual options volume today is GrubHub stock, with the contracts at 13 times the usual intraday rate. The shares have broken out to a 19% lead at $41.69, after the food firm had a strong showing in the earnings confessional. It seems options traders are banking on more volatility for GRUB stock in the next few months, with one speculator possibly initiating a long straddle at the June 42.50 strike.

One of the worst performers on the Nasdaq is American Airlines Group Inc (NASDAQ:AAL), down 7.3% to trade at $43.03. Proposed pay increases, deferred jet deliveries, and a bearish brokerage note are collectively pressuring the airline stock.

american airlines stock chart today

One of the New York Stock Exchange's best performers is Under Armor stock, up 8% at $21.29. Propelling shares of the athletic apparel maker are an upbeat earnings report and a bullish nod from Jefferies.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?