Dow Higher With Walmart; Cisco Drags Down Nasdaq

GE stock is down on accusations of fraud

Digital Content Manager
Aug 15, 2019 at 12:00 PM
facebook twitter linkedin


The Dow Jones Industrial Average (DJI) has traded on both sides of breakeven today, but was last seen higher on a bigger-than-anticipated rise in July retail sales and better-than-expected earnings from Walmart (WMT). Traders are also eyeing a 2.3% increase in second-quarter productivity. However, disappointing earnings from Cisco Systems (CSCO) are keeping the Dow's gains in check, and dragging the tech-rich Nasdaq Composite (IXIC) into the red. Meanwhile, the S&P 500 Index (SPX) is modestly higher, despite news that whistleblower Harry Markopolos accused General Electric (GE) of fraud. The stock has dipped nearly 10% as a result.

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

  • Why J.P. Morgan Securities is buying this e-Pay stock's latest dip. 
  • The retail stock hitting new lows ahead of earnings.
  • Plus, the weed stock attracting options traders; SINT stock surges on a Nasdaq nod; and the oil stock at all-time lows. 

Middaymarketstatsaug15

Cannabis concern Aurora Cannabis Inc (NYSE:ACB) is lower on sector headwinds. The company also announced today that it would be upsizing its credit facility to roughly $280 million. So far, about 7,200 puts and 26,000 calls have crossed the tape, two times what's typically seen at this point. The December 7 call is most active, with buyers expecting ACB to rebound above the $7 level by December expiration. The stock, which hit a new seven-month low earlier, is trading down 3.6% at $5.86. 

One of the best stocks today is biomaterial concern SINTX Technologies Inc (NASDAQ:SINT), which is up 73.4% at $3.07, after the firm regained compliance with the Nasdaq's listing requirements. The company also reported stronger-than-expected earnings. This surge comes just one day after hitting an all-time low of $1.40. Now, SINT stock is trading back near its mid-July highs, and is threatening to close atop its 50-day moving average for the first time since May. 

8-15-2019 10-02-51 AM

Natural gas firm Just Energy Group Inc (NYSE:JE) is one of the worst performers on Wall Street today, after reporting a surprise quarterly loss. The stock is down 28.7% to trade at $2.21, and just hit an all-time low of $2.04 earlier today.

 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Best stocks for October and worst stocks for October
 


 


 
Special Offers from Schaeffer's Trading Partners