Nasdaq Higher on Netflix Boost

NFLX stock is higher on plans to hike prices

Lillian Currens
Jan 15, 2019 at 12:03 PM
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The Dow Jones Industrial Average (DJI) is modestly higher at midday, with UnitedHealth Group (UNH) leading the charge after earnings, overshadowing lackluster results from JPMorgan Chase (JPM).  Meanwhile, Netflix (NFLX) is leading tech stocks and helping the Nasdaq Composite (IXIC) outperform, after announcing plans to raise subscription prices in the U.S. Fellow FAANG stocks Amazon (AMZN) and Facebook (FB) are higher as well, with the latter getting a boost on an analyst upgrade before earnings. Later this afternoon, Wall Street will turn its eyes to the U.K., where lawmakers will vote on a Brexit deal.

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

  • Morgan Stanley just hit this IT stock with a bull note. 
  • Why Dave & Busters stock is soaring right now. 
  • Plus, one bull is betting on ADM; the penny stock soaring on an Amazon deal; and PCG continues to flounder. 

Midday Market Stats Jan 15

One name seeing notable options activity today is Archer Daniels Midland Co (NYSE:ADM). So far, 14,000 calls have exchanged hands -- roughly 9 times the average intraday pace. The March 44 and 46 calls are the most popular, with Trade-Alert indicating that a single speculator rolled their position to the higher strike. At last check, ADM was trading up 0.7% at $43.17. 

BSQUARE Corporation (NASDAQ:BSQR) stock is one of the best on the Nasdaq today, with the company teaming up with Amazon Web Services to accelerate Internet of Things adoption. The stock is set to take out its 160-day moving average for the first time since 2017, and was up 30.3% at $2.48, at last check. 

bsqr stock chart mmc

PG&E Corporation (NYSE:PCG) stock is, once again, the worst on the New York Stock Exchange (NYSE), as the prospect of the company filing bankruptcy shifts further into focus today. The shares saw another new low today, bottoming at $5.07, and last seen 18.4% lower at $6.84.  


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