Dow Resumes Slide Ahead of G-20 Summit

Dow stocks Boeing and McDonald's are hot

Nov 29, 2018 at 12:03 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJI) is down at midday, as stocks react to news White House advisor Peter Navarro will attend a dinner between U.S. President Donald Trump and China President Xi Jinping at this weekend's G-20 summit. This is offsetting big gains for Boeing (BA) and McDonald's (MCD), which are the two best Dow stocks on the back of some bullish brokerage attention. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are lower, too, with all three major indexes set to snap their three-day win streaks.

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

  • Tonix Pharmaceuticals stock has almost doubled on a major regulatory win.
  • Embattled Micron stock can't capitalize on upbeat earnings outlook.
  • Plus, ANF options hot after earnings; Dollar Tree chimes in on tariffs; and the healthcare stock at the bottom of the S&P.

midday market stats nov 29

Abercrombie & Fitch Co. (NYSE:ANF) is seeing unusual options activity today, with 21,000 calls and 13,000 puts on the tape -- 17 times what's typically seen, and a new annual high. Most active is the December 22 put, where some of the activity is likely tied to stock, according to Trade-Alert. Elsewhere, buy-to-open activity has been detected at the weekly 11/30 22-strike call, which expires tomorrow. ANF stock is up 17.2% at $20.06, after the retailer's strong third-quarter results and holiday same-store sales forecast.

anf daily chart nov 29

Dollar Tree, Inc. (NASDAQ:DLTR) is at the top of the S&P 500 today, after the discount retailer said any impact from tariffs will be minimal this year. This is offsetting DLTR's disappointing third-quarter same-store sales and downwardly revised full-year revenue guidance. At last check, the retail stock is up 4.8% to trade at $87.33.

Quest Diagnostics Inc (NYSE:DGX) is the worst SPX stock at midday, after the lab testing firm cut its full-year revenue forecast, citing the impact of several extreme events, including Hurricane Michael and the California wildfires. A price-target cut to $106 from Baird is only exacerbating headwinds, with DGX stock off 9.3% to trade at $87.94 -- slicing through recent support near $92 to hit a two-year low of $87.50.



How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.