Stocks Blast Off on Positive Trade Headlines

High-profile tech stocks are some of today's biggest gainers

Dec 12, 2018 at 12:04 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJI) is up big at midday, as Wall Street reacts to a round of positive trade headlines. Maybe most notably, the Wall Street Journal is reporting that China could give foreign companies greater access in the country, on top of news that President Donald Trump may intervene in the case of Huawei Chief Financial Officer Meng Wanzhou if it'll help trade relations.

This has the Dow, S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all sporting massive gains, and the tech sector is leading the charge. Traders are also monitoring the initial public offering (IPO) of China's Tencent Music Entertainment (TME), with the U.S.-listed shares last seen up more than 11%.

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

midday market stats december 12

One name seeing unusual options trading is Starbucks Corporation (NASDAQ:SBUX). Call volume is much higher than normal thanks to heavy attention at the weekly 12/14 67-strike call, where data suggests buy-to-open activity could be taking place. These bulls would be betting on SBUX stock rising above the $67 level by Friday's close, when the weeklies expire. The coffee concern was last seen up 0.8% at $66.48.

One notable winner on the New York Stock Exchange is cloud stock Twilio Inc (NYSE:TWLO), as the shares continue their big year and trade at record highs. Specifically, TWLO is up 7.6% at $99.80, after touching an all-time best of $100.47. The gains likely come thanks to the broader tech rally, and bring the security's one-year rise to right near 300%.

On the Nasdaq, Neurocrine Biosciences, Inc. (NASDAQ:NBIX) is taking a nosedive, tanking 21.9% to trade at $66.95. In fact, the shares earlier hit a 52-week low of $64.72, after disappointing trial data for the company's Tourette's drug. NBIX stock was trading near $127 as recently as mid-September.

nbix stock chart dec 12


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