Tech Leads as Stocks Grind Higher

NFLX is a familiar face atop the leaderboard

Dec 19, 2019 at 12:03 PM
facebook twitter linkedin

U.S. stocks are continuing their steady grind higher, overcoming impeachment headwinds thanks to a strong day from a number of big-name tech stocks -- including Dow Jones Industrial Average (DJI) component Cisco Systems (CSCO). Like the Dow, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have tagged new highs, with Netflix (NFLX) again standing as a major winner thanks to bullish analyst attention. Oil prices keep going higher, too, with January-dated crude futures last seen up 0.7% at $61.38 per barrel.

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

midday stats dec 19

One name seeing unusual options trading is Twitter Inc (NYSE:TWTR), as the social media stock keeps its hot week going. The shares rose 3.2% in yesterday's trading, and today they're edging higher again, last seen at $31.75 -- though the 50-day moving average is still applying pressure overhead. Calls are trading at three times the expected pace, and the weekly 12/27 32-strike call could be seeing buy-to-open activity, suggesting traders could be betting on more upside in the coming week.

twtr stock dec 19

One of the best stocks today is Match Group Inc (NASDAQ:MTCH), following this morning's M&A news. The shares of the online dating service provider are near session highs, up 7.2% at $76.25, putting their 12-month gain at 87%. Options traders are active too, with call volume at more than eight times the daily average.

Another winner today is Carvana Co (NYSE:CVNA), 5.8% at $98.83 thanks to a price-target hike to $120 from $95 at Citigroup. The car-buying experience specialist has seen its shares rise more than 200% in the past year, today touching a fresh record high of $99.19 earlier today.


If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Master Portfolio Trial


Special Offers from Schaeffer's Trading Partners