Profit-Taking Stalls Stock Rally

A number of recent outperformers are being knocked down today

Jan 18, 2018 at 12:07 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI) tapped a record high at the open, but it would appear stocks are now being hit by a round of profit-taking, with the blue-chip index last seen trading back below 26,000. In fact, some of the year's top sectors -- namely, healthcare and finance -- are the primary reasons the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have joined the Dow in the red. Investors continue to monitor the latest fourth-quarter earnings results and today's economic data, including a multi-decade low in unemployment claims. A potential government shutdown is looming over the market, as well, which may help explain the stock slump.

Continue reading for more on today's market, including:

midday market stats january 18

Papa John's International, Inc. (NASDAQ:PZZA) is once again a stock seeing unusual options activity. Call volume has already torched the average daily volume, with the contracts crossing at eight times the expected intraday pace. One of the most popular options is the February 65 call, where it would appear traders are buying to open positions to bet on more upside for PZZA stock. The shares were trading up 6.8% at $63.10 at last check.

GNC Holdings Inc (NYSE:GNC) is the top performer on the New York Stock Exchange (NYSE) today, trading 39.4% higher at $4.84, testing its 50-day moving average in the process. The move comes after a stronger-than-expected sales update -- and possible short squeeze -- though GNC remains well below its 52-week high of $11.37 from exactly one year ago.

gnc stock today

One stock underperforming on the NYSE is NRG Energy Inc (NYSE:NRG), one of the top S&P performers of 2017. The shares are trading down 32% at $26.88, on pace for their third straight down day and the first close below the 80-day moving average since July.
 

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