Exxon Mobil Burns Dow

Exxon Mobil is the biggest Dow loser following its first-quarter profit miss

Apr 27, 2018 at 12:08 PM
facebook twitter linkedin


The Dow Jones Industrial Average (DJI) is trading lower today, as an Exxon Mobil (XOM) sell-off overshadows well-received earnings from Microsoft (MSFT) and Intel (INTC). In fact, a broader tech rally, highlighted by Amazon's (AMZN) post-earnings record high, has largely lost steam, putting the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) back near breakeven. Traders are also still digesting this morning's economic data and talk of a peace deal out of North and South Korea.

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

  • 2 market watchers saying Facebook stock is cheap.
  • The buyout buzz boosting Square stock.
  • Plus, Valeant call volume pops; the booming stock that's doubled in recent months; and Flex shares slide.

midday market stats april 27

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is seeing unusual call activity today, with nearly 9,500 of the options traded so far, compared to just 3,300 puts. A number of strikes in the weekly 4/27 series are seeing heavy trading ahead of tonight's expiration, including the 18-strike call. VRX stock is pacing for its highest settlement since a late-February bear gap, last seen trading up 1.8% at $18.08.

valeant today

One of the best performing Nasdaq stocks today is industrial issue DMC Global Inc (NASDAQ:BOOM). The shares earlier hit a nine-year high of $40.50, and were last seen up 25.8% at $39.80, as a huge surge in sales fueled a first-quarter earnings beat. BOOM stock was trading below $15 as recently as September.

Flex Ltd (NASDAQ:FLEX) is near the bottom of the Nasdaq today, after the tech solution provider's weak quarterly update and disappointing guidance was met with a round of bearish brokerage notes. The stock was last seen down 16.8% at $13.84, on pace for its worst single-day performance since Nov. 20, 2008, earlier hitting an annual low of $13.30.

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners