Trump Tweetstorm Leaves Dow in Shambles

Apple and Caterpillar are two of the worst Dow stocks at midday

Digital Content Manager
Aug 23, 2019 at 12:14 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI) has sunk even deeper into the red at midday, down nearly 300 points, after a tweetstorm from President Donald Trump. Following this morning's retaliatory tariffs from China, Trump seemingly ordered U.S. companies to find "an alternative to China" -- which is hitting trade-sensitive blue chips Apple (AAPL) and Caterpillar (CAT). And after Fed Chair Jerome Powell's Jackson Hole symposium speech failed to shed light on the central bank's rate-cut timeline, Trump tweeted, "who is our bigger enemy, Jay Powell or Chairman Xi?".

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

  • How the freshly inked deal between VMware and Pivotal Software is affecting the two stocks. 
  • Software stock hits record highs after earnings. 
  • Plus, options bulls see more upside for CRM; China stock nearly triples; AB InBev's Craft Brew Alliance buyout offer goes flat. 

Midday Market Stats Aug 23

Salesforce.com Inc (NYSE:CRM) is seeing a pop in the options pits today, following the cloud concern's second-quarter earnings beat and an influx of bull notes, including a price-target lift to $200 from RBC. So far, 117,000 calls and 45,000 puts have crossed the tape, six times what's typically seen at this point. The weekly 8/23 160-strike call is the most popular, with positions being opened here. At last check, CRM is up 3.8% at $153.82. 

China stock Fuwei Films (Holdings) Co Ltd (NASDAQ:FFHL) is one of the best stocks on the Nasdaq today. The shares of the plastic film manufacturer have nearly tripled, up 167% at $5.28, after the firm swung to a profit in the second quarter, while net sales rose 10.7%. What's more, the stock hit a five-year high of $6.35 earlier, and is eyeing its first close atop its 320-day moving average since April, a trendline that's capped several rallies over the past year.

FFHL Chart Aug 23

One of the worst performing stocks on the Nasdaq today is Craft Brew Alliance Inc (NASDAQ:BREW). The beer issue hit a new three-year bottom of $10.27 earlier, and is now down 18.4% to trade at $10.57, after Anheuser-Busch InBev (BUD) said it would not be going forward with its plan to purchase the remaining shares of the company. Despite the rejection, Cowen is still bullish, and feels confident about a potential deal between the two brewing companies sometime in the future. 

 

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI