Dow Hits New Highs on Disney Strength

Trump and Powell met earlier today

Nov 18, 2019 at 12:06 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI) is hitting fresh highs today, boosted by big gains for Walt Disney (DIS) stock. However, the upside is modest, as energy giant Chevron (CVX) sells off with oil prices. Specifically, December-dated crude is down 1.8% at $56.71 per barrel. Wall Street is also watching for updates on the U.S.-China trade front, and digesting news of a meeting between President Donald Trump and Fed Chair Jerome Powell, which the former described as "good & cordial" in a subsequent tweet.

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

  • Behind SunPower stock's latest dive.
  • Bearish analysts blitz L Brands before earnings.
  • Plus, Workday options run hot after downgrade; bull note boosts AMD to top of S&P; and why Abiomed stock is selling off.

midday market stats nov 18

Workday Inc (NASDAQ:WDAY) is seeing unusual options volume, after the software stock was hit with a downgrade to "equal weight" from "overweight," and a price-target cut to $180 from $219 at Morgan Stanley. WDAY stock is down 1% at $164.30, and roughly 24,000 options have changed hands -- nine times what's typically seen. The December 170 and 180 calls are most active, and new positions are being initiated here.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is at the top of the S&P 500 today, after Cowen and Company raised its price target on the chip stock to $47 from $40. AMD stock -- which is fresh off its longest weekly win streak in over a year -- was last seen up 2.6% at $39.56, earlier hitting a new 13-year high of $39.99.

Abiomed, Inc. (NASDAQ:ABMD) is the worst S&P 500 stock at midday, with some pointing to a pair of studies questioning the risks associated the company's high-priced Impella heart pump. Whatever the reason, ABMD stock is down 10.1% at $200.75, testing potential support near its Aug. 1 bear gap lows.

abmd stock daily price chart on nov 18

 

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