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
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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

 

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