Dow Static After Blue-Chip Earnings; Nasdaq Hits Record Intraday High

The Nasdaq peaked at 8,139.55 earlier -- a new all-time high

Digital Content Manager
Apr 24, 2019 at 11:56 AM
facebook twitter linkedin


The Dow Jones Industrial Average (DJI) has remained relatively static, as Wall Street weighs the latest batch of corporate earnings reports. Caterpillar (CAT) is the biggest blue-chip laggard today, with CAT shares down after earnings, while Boeing (BA) stock is flirting with modest post-earnings gains. Elsewhere, the Nasdaq Composite (IXIC) just hit a new record intraday high, fueled by strong earnings results from the tech sector. 

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

  • This red-hot e-tail giant has analysts taking note. 
  • Why recent Biogen options buyers could be kicking rocks today. 
  • Plus, rumors of a new iPod supplier; Midatech Pharma announces full-year revenue success; and iRobot sees its first revenue miss in two years. 

Midday Market Stats Apr 24

Amkor Technology, Inc. (NASDAQ:AMKR) is seeing unusual options volume today, with nearly 2,800 calls across the tape so far -- 79 times the average intraday volume. Most active by far is the May 10 call, with a large chunk of the contracts being bought to open. At last check, AMKR shares are up 5.5% at $9.53, set for their highest close in nearly a year, on reports that the company could supply Apple's (AAPL) next generation of iPods. 

Midatech Pharma PLC (NASDAQ:MTP) is by far the best stock on the Nasdaq today, after the U.K.-based drugmaker announced its full-year gross revenue from continuing operations almost doubled since last year. MTP is up 59.2% at $3.58 in response. The equity has been on in a downtrend since spiking to a 10-month high of $10.90 in late February, but is set to finish atop its 20-day moving average for the first time in over a month.

Roomba designer iRobot Corporation (NASDAQ:IRBT) is one of the worst performers on the Nasdaq today, down 19.1% at $105.18, at last glace, after reporting first-quarter revenue that fell below analysts' expectations -- its first sales miss in two years. Prior to today, IRBT stock was on the up-and-up, touching a new all-time closing high just yesterday. Today's plummet has the security far below recent support at its 40-day moving average, with IRBT set to breach its 100-day moving average for the first time since early February.

IRBT Chart Apr 24

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 

300x250 - Banner 3 - v1