Dow Remains Lower as Gold Hits Fresh Highs

Gold, meanwhile, just hit a six-year high

Digital Content Manager
Jan 6, 2020 at 12:06 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJI) is still lower at midday as geopolitical tensions, sparked by the killing of Iranian military commander Qassem Soleimani, remain high. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC), however, are treading near breakeven after paring most of their intraday losses. Elsewhere, February-dated gold futures hit a six-year intraday high and were last seen up 0.8% at $1,564.50 an ounce, as investors continue to show caution by scooping up the safe-haven commodity. 

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

  • Options are hot on SmileDirectClub stock after a major deal with Walmart. 
  • RBC sees "significant" upside for this cloud stock in 2020. 
  • Plus, bears bombard IMMU; CTIB stock quadruples; and OSMT stumbles after stock offering.  

midday market stats jan 2

Immunomedics, Inc. (NASDAQ:IMMU) is seeing unusual options activity today with 1,443 puts across the tape so far -- double what's typically seen at this point -- compared to only 347 calls, and the January 2020 18-strike put is far and away the most popular. IMMU is trading relatively flat today, down 0.1% at $19.76, at last check. 

By far one of the top performers on the Nasdaq today is CTI Industries Corp. (NASDAQ:CTIB), which is up 301.3% to trade at $3.19, on news it's divesting its Guadalajara, Mexico unit for roughly $4 million. The news has CTIB pacing for its first close atop the 320-day moving average since July 2017. 

CTIB Jan 6

One of the worst stocks on the Nasdaq today is Osmotica Pharmaceuticals PLC (NASDAQ:OSMT). The stock has fallen 17.9% to trade at $5.73 -- home of its late-November levels -- after commencing its stock offering of 6 million shares. However, the shares seem to be finding support near the 50-day moving average.


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI