Dow Recovers Despite Extended Healthcare Slide

Boeing is carrying the Dow after the company's impressive earnings release

Jan 31, 2018 at 12:09 PM
facebook twitter linkedin


The Dow Jones Industrial Average (DJI) has regained its footing, thanks to a big earnings move from blue chip Boeing (BA). Specifically, the index is up more than triple digits, as BA's gains overshadow continued weakness from healthcare stocks that's limiting upside for the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) -- though the tech sector is booming again. In the meantime, investors are also digesting this morning's ADP jobs data and last night's State of the Union speech, while looking ahead to today's Fed decision.

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

  • 3 tech stocks making big earnings moves.
  • Put prices are imploding on this Apple supplier.
  • Plus, call buying ahead of Facebook earnings; a new high for Nvidia; and Tupperware stock tanks.

midday market stats january 31

One stock seeing unusual options activity today is Facebook Inc (NASDAQ:FB), as traders again buy call options. The February 200 call is one contract seeing notable buying, as bulls speculate on a move to $200 from FB shares by expiration on Friday, Feb. 16 -- which would be a record high. Shares of the social media giant were last seen trading up 0.8% at $188.68 ahead of the company's earnings release after the close today.

The rally in tech stocks has Nvidia Corporation (NASDAQ:NVDA) outperforming on the Nasdaq once again. NVDA shares earlier touched a record high of $249.27, and were last seen trading 2% higher at $247.68. And since the company is scheduled to report earnings next Thursday, Feb. 8, another monster move on the charts could be on the way.

Looking over at the New York Stock Exchange, Tupperware Brands Corporation (NYSE:TUP) is spiraling after earnings. The stock is on the short-sale restricted list, last seen down 8.4% at $58.39, and it's given up near-term support at the 320-day moving average. TUP shares are down 21% since their April peak near $74.

tupperware stock price


A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earnings guide for Q3 before it's too late!


  
 
Special Offers from Schaeffer's Trading Partners