U.S. Markets Unsteady at Midday

Boeing's 737 MAX 8 is expected to be grounded for a while

Managing Editor
Mar 14, 2019 at 12:09 PM
facebook X logo linkedin

U.S. stocks are mixed at midday, with the Dow Jones Industrial Average (DJI)S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all lingering around breakeven. Concerns about a delayed U.S.-China trade deal are keeping some investors on the sidelines, with Wall Street also digesting a steeper-than-expected drop in new home sales in January. Meanwhile, Boeing (BA) stock is back in the red, with members of Congress stating the 737 MAX 8 will remain grounded for "weeks." Focus also remains on the U.K., with lawmakers expected to vote on whether to delay the Brexit.

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

  • Johnson & Johnson reacts to a costly asbestos verdict
  • 3 tech giants showered in "buy" ratings.  
  • Plus, call traders flock to a pharma giant; and today's best and worst performers on the NYSE.

Midday Market Stats March 14

Pharmaceutical giant Mylan NV (NASDAQ:MYL) is sporting unusual call volume today, with 25,000 contracts traded so far -- nine times the expected rate. Most active have been the March 27.50 and 28 calls, where nearly 13,000 contracts have changed hands. MYL is up 2.5% at $28.16 at last check, though the catalyst is unknown. Mylan shares gapped lower in late February after an earnings miss, but is testing support around its year-to-date breakeven.

Wageworks Inc (NYSE:WAGE) is easily the top performing stock on the New York Stock Exchange (NYSE) today, after announcing it will file its previously delayed quarterly results with the Securities Exchange Commission (SEC) before next Tuesday, March 19. WAGE has gapped 32.9% higher to trade at $40.03, at last check, on pace for its highest close since early November, and just shy of its 200-day moving average.

Daily WAGE Since March With 200MA

Smart & Final Stores Inc (NYSE:SFS) has plummeted to the bottom of the NYSE, last seen down 15.7% at $5.72, as analysts react to an earnings miss. Loop Capital cut its 2019 estimates for the company, while J.P. Morgan Securities cut its price target to $5.50 from $6.50. The shares are pacing for their worst session in almost a year.


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 C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI