Schaeffer's Top Stock Picks for '25

Dow Surges Over 250 Points As Trade War Tensions Abate

Last week's jobs report is powering markets today

Managing Editor
Jul 9, 2018 at 11:57 AM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI) is over 250 points higher at midday, as Friday's landmark jobs report has the blue-chip index on pace for its best day in more than a month. The trade war tensions that have plagued Wall Street in recent months have seemingly waned, and bank stocks are leading the charge ahead of second-quarter earnings season. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also modestly higher, with all three benchmarks on track for their third straight win.

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

  • This cybersecurity stock has room to run, according to analysts.
  • The retail stock surging after a fresh "buy" rating.
  • Plus, Nordstrom's spiking call volume; Twitter stock pulls back; and Deutsche Bank downgrades AK Steel stock.

Midday Market Stats July 9

One name seeing notable options trading today is Nordstrom, Inc. (NYSE:JWN). The retail stock is down 1.7% at $53.03, but calls remain popular today. Call volume is running at five times the expected pace, on track for the 95th percentile of its annual range. Leading the charge today is the July 55 call, where more than 2,500 contracts have been exchanged, and buy-to-open activity is suspected.

One of the biggest losers on the New York Stock Exchange today is Twitter Inc (NYSE:TWTR), down 8% to trade at $42.96, on track for its worst day since late March. The social media stock signaled a higher open, but is in the red as a recent Washington Post article on the company's high account suspension rate sparks concerns about user growth. Despite the pullback today, TWTR stock has doubled in the past year, guided higher by its ascending 30-day moving average.

MMC Daily Chart TWTR

Another name struggling today is AK Steel Holding Corporation (NYSE:AKS), down 2.7% to trade at $4.46, after Deutsche Bank downgraded the steel name to "hold" from "buy," while slashing its price target to $5 from $6. AKS has now shed almost 22% in 2018.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?