U.S.-China Trade Hopes Lift Dow

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

by Lillian Currens

Published on Jan 9, 2019 at 12:04 PM

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.

Bank Earnings Season Sparks Heavy Options Trading
Goldman Sachs earnings are in focus today
Netflix Options Traders Bet On Outsized Earnings Move
NFLX will report earnings after tomorrow's close
Why Year 3 of Trump Could Be Bullish
It's common knowledge that the third year of a presidential cycle has been bullish

a schaeffer's exclusive

2019 TOP STOCK PICKS

Access your FREE insider report before it's too late!


Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


IRA/401K Investment Guide: 2019 Stock Market Crash
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.
Star Wars Scare Sparks EA Options Activity; Earnings Beat Helps UAL Take Off
TBLT is the best stock on the Nasdaq today, tripling on a partnership
Morgan Stanley Backs Troubled Chinese E-Commerce Stock
Pinduoduo has had a drama-filled history on Wall Street
Research Exposes Shortcut to Stock Market Riches
A simple way to stop picking losers, and start cashing in like Wall Street's elite.