Dow, S&P Edge Higher Amid Cautious Trading

All eyes are on tomorrow's meeting between the U.S. and North Korea

Jun 11, 2018 at 12:01 PM
facebook X logo linkedin

Stocks are cautiously higher today, as the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) were last seen trading modestly above breakeven -- though the former is pacing for its fourth straight win. Lingering headwinds from this weekend's Group of Seven (G-7) event are being compounded by uncertainty surrounding tomorrow's North Korea-U.S. meeting and an expected June rate hike out of this week's Fed meeting. But while the broader equities market struggles for big gains, the red-hot retail sector continues to outperform, evidenced by a new high from the SPDR S&P Retail ETF (XRT).

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

  • Why this 3-D printing stock has doubled today.
  • 2 reasons Baird is bullish on beaten down First Solar stock
  • Plus, Apple options bull bets on a big breakout; Fitbit stock hits fresh highs; and the automotive stock getting crushed.

midday market stats june 11

One options trader appears to be betting on a huge Apple Inc. (NASDAQ:AAPL) breakout. Data suggests one speculator bought to open 10,000 July 215 AAPL calls for 17 cents each. This would put the trader's cash outlay at $170,000 (contracts purchased * 100 shares per contract * premium paid), with the goal being that Apple stock will topple the $215 mark by the close on Friday, July 20, when the contracts expire. The shares would need to rally about 13% from their current perch at $190.35.

One notable winner from the New York Stock Exchange (NYSE) is Fitbit Inc (NYSE:FIT), as the shares rise another 7.4% to $6.82, thanks to the launch of the company's new tracker for kids. FIT stock is on pace for its highest close since its mid-December bear gap, though the shares are now bumping right up against the site of that gap.

FIT stock price

Automotive seating expert Adient PLC (NYSE:ADNT) is the worst stock on the NYSE, after the company said its CEO quit and it dramatically lowered its full-year outlook. RBC jumped in with a price-target cut to $55 from $64, and ADNT stock has lost 16.7% as of last check to trade at $47.49. It touched an annual low earlier of $47.03, and continues to fall further from the October peak of $86.42.


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI