Nasdaq Hits Another High; Financial Stocks Weigh on Dow

The Dow is pacing for a weekly loss

Jun 14, 2018 at 12:04 PM
facebook X logo linkedin


The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are gaining today, with the latter touching a fresh all-time high. Aside from recent global central bank developments, traders are reacting to upbeat economic data. Not only did retail sales for May see the largest increase since November, but weekly jobless claims unexpectedly declined. Still, the Dow Jones Industrial Average (DJI) is struggling to keep up with its index peers, as big bank stocks slide.

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

midday market stats june 14

One name seeing heavy options trading today is Qorvo Inc (NASDAQ:QRVO), as the Apple supplier eyes its best close since mid-March. The stock is trading up 3.7% at $83.38, and activity at the July 87.50 strike has overall call volume at 11 times the pace expected so far today. Traders are almost certainly buying to open positions at the out-of-the-money call, betting on QRVO stock to rally even higher in the coming weeks. The company torched option bears with a strong quarterly update in early May.

One of the top stocks on the Nasdaq is Etsy Inc (NASDAQ:ETSY). Shares of the online marketplace are trading up 33.6% at $44.08, after the company raised its full-year sales outlook and said it's upping its transaction fees. ETSY stock earlier hit an all-time high of $44.78, and has now added 225% in the past year.

On the other hand, retailer Tailored Brands Inc (NYSE:TLRD) is a top loser on the New York Stock Exchange (NYSE) today, due to the company's disappointing same-store sales number. TLRD stock is down 23.7% at $25.51, slicing through the previously supportive 80-day moving average. It's now testing the $$24-25 area again, a key region in recent years.

retail stocks

 

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