Dow Heads Toward 6th Straight Drop

KO and AXP are two of the worst Dow stocks at midday

Apr 25, 2018 at 12:04 PM
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The Dow Jones Industrial Average (DJI) has turned lower once again, putting the index on pace for a sixth straight loss. While Boeing (BA) continues to trade higher following its impressive earnings report, the gains have been offset by sharp slides for a number of blue chips, including Coca-Cola (KO) and American Express (AXP). Rising interest rates are keeping stocks in check, too, with the 10-year Treasury yield holding above 3%. As such, the Cboe Volatility Index (VIX) is eyeing its highest settlement in two weeks.

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

  • 2 chip stocks bucking recent sector headwinds.
  • Twitter options volume is surging after earnings.
  • Plus, Chipotle calls hot ahead of earnings; and 2 travel stocks going in radically different directions.

midday market stats april 25

Chipotle Mexican Grill, Inc. (NYSE:CMG) is seeing heavy call volume ahead of tonight's earnings release. The June 330 and 350 calls are most popular, and new positions are being opened at the May 352.50 call, as well. The ask price for this latter contract was last seen at $9.70, meaning CMG shares would need to clear $362.20 (strike + premium paid) at expiration at the close on Friday, May  18, for these call buyers to profit. The security is trading up 1.4% at $337.82 today. 

One of the best performing Nasdaq stocks today is travel site Travelzoo Inc. (NASDAQ:TZOO). The shares were last quoted at $9.55, up 22.1% on the day, thanks to well-received first-quarter results. TZOO is now set for its first close atop the 320-day moving average since the August bear gap.

tzoo stock price

Meanwhile, sector peer and fellow Nasdaq stock Trivago (NASDAQ:TRVG) is getting crushed, down 21.6% at $5.00, and earlier reaching a record low of $4.98. Traders are punishing the stock in light of the company's disappointing quarterly results. TRVG, which began trading publicly in December 2016, peaked at $24.27 back in July 2017, but it's been nothing but downside since.

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