U.S.-China Trade Hopes Lift Dow

Apple shares are higher, in spite of reports of slashed iPhone production

Deputy Editor
Jan 9, 2019 at 12:04 PM
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The Dow Jones Industrial Average (DJI) briefly dipped into the red, but has since roared back to life. Stocks are higher amid optimism over a U.S.-China trade deal, and Apple (AAPL) stock is pacing the blue-chip winners, despite reports the company is slashing iPhone production. At last check -- and even amid the ongoing government shutdown -- the Dow is headed for a fourth straight gain, which would mark its longest winning streak in two months.

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

  • The stiff ceiling capping Micron's most recent rally. 
  • 2 travel stocks to ditch, according to analysts.
  • Plus, option bears target GoPro; GOGO ups its guidance; and Constellation Brands takes a hit. 

Midday Market Stats Jan 9

GoPro Inc (NASDAQ:GPRO) stock is sporting unusual options volume today. The security has seen 14,000 puts change hands so far today – roughly six times the average intraday pace. The February 5 put has far and away the most action, with nearly all of the action transpiring at that strike. Trade-Alert indicates one speculator bought to open the puts. At last check, GoPro shares were up almost 3% at $4.86, set for a fourth straight gain. 

Gogo Inc (NASDAQ:GOGO) is shaping up to be one of the best stocks on the Nasdaq today, after the in-flight broadband company raised its 2018 guidance. GOGO stock's pop has stalled around its 40-day moving average, however. At last check, Gogo stock was up 25.9% to trade at $3.89.

GOGO Chart Jan 9

Constellation Brands Inc (NYSE:STZ) is one of the worst stocks on the NYSE today, spiraling after the company cut its full-year guidance. The shares have already sunk to a new low of $152.51, and are now down 8.9% to trade at $157.03, at last check.

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