Dow Up as Navarro Talks Mexico Tariffs

The White House trade advisor said Mexico tariffs may not have to happen

Jun 5, 2019 at 12:07 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJI) is riding higher -- pacing for its third straight win -- as this morning's weak jobs data keeps the spotlight on a potential Fed rate cut. Walmart (WMT) is one of the best Dow stocks at midday, as the mega-retailer kicks off its annual shareholders meeting. Easing trade tensions are creating tailwinds, too, with White House advisor Peter Navarro saying earlier President Donald Trump's proposed Mexico tariffs "may not have to go into effect." The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher, as well, eyeing back-to-back gains.

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

midday market stats june 5

The VanEck Vectors Gold Miners ETF (GDX) is seeing unusual options activity today, with roughly 94,000 calls and 15,000 puts on the tape -- four times what's typically seen at this point. Trade-Alert highlights a potential bull spread at the July 24 and 26 calls, the fund's two most active options today. If this is the case, the trader is targeting a move up to $26 by July options expiration, with GDX last seen trading down 0.2% at $22.55.

GameStop Corp. (NYSE:GME) is one of the worst stocks on the New York Stock Exchange (NYSE) today, down 36.7% at $4.96, after earlier tagging a 16-year low of $4.93. Last night, the video game retailer reported a first-quarter revenue miss and suspended its quarterly dividend, and GME stock has been blasted with bearish brokerage notes as a result.

Campbell Soup Company (NYSE:CPB) is one of the best stocks on the Big Board at midday, after the Pepperidge Farm parent reported better-than-expected fiscal third-quarter earnings and revenue and boosted its full-year earnings guidance. CPB stock is up 8.8% at $41.48 breaking out above previous resistance at the round $40 mark and its 320-day moving average.

cpb daily chart june 5


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI