Oil Stocks, Disney Keep Dow Above Water

Disney is the best Dow stock at midday

by Karee Venema

Published on Jun 13, 2019 at 11:43 AM

The Dow Jones Industrial Average (DJI) is higher today on strength in energy shares Chevron (CVX) and Exxon Mobil (XOM). The two oil majors have added 1.2% apiece, as reports of tanker attacks off the coast of Iran spark concerns over a potential supply disruption -- and boost July-dated crude 3.3% to trade at $52.85 per barrel. Walt Disney (DIS) is also creating tailwinds for the Dow, with the stock gaining 2.3%, after Morgan Stanley raised its DIS price target and waxed optimistic on the potential for Disney+ subscriber growth.

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

  • Analysts are in overdrive as Lululemon stock sizzles.
  • Behind this rare bear note for Boeing.
  • Plus, Tyson traders set short-term ceiling; the small-cap stock near the top of the Nasdaq; and why one drugmaker is down 75% today.

midday market stats june 13

Tyson Foods, Inc. (NYSE:TSN) is seeing unusual options activity today, with roughly 12,000 calls on the tape -- eight times the expected intraday amount, and 11 times the number of puts traded. Although TSN stock hit an 18-month high of $84.25 on news of the company's plant-based burger, last seen up 1.2% at $82.91, speculators appear to be selling to open June 84 calls to bet on a short-term ceiling for the shares.

Coda Octopus Group, Inc. (NASDAQ:CODA) is near the top of the Nasdaq today, after the underwater technologies specialist swung to a profit of 21 cents per share in the fiscal second quarter, while revenue nearly doubled to $6.78 million from this time last year. CODA stock is up 38.3% at $13.43, bouncing off familiar support at its 120-day moving average.

coda stock daily price chart on june 13

Savara Inc (NASDAQ:SVRA) is the worst stock on the Nasdaq today, sinking in reaction to devastating late-stage data on the company's key lung disease drug and a round of bearish brokerage notes. Most recently, SVRA stock was down 74.8% to trade at $2.66, fresh off this morning's record low of $2.55.

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