Economic Data Boosts Dow to Fresh High

The S&P and Nasdaq also nabbed more fresh highs

Digital Content Manager
Jan 16, 2020 at 11:51 AM
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The Dow Jones Industrial Average (DJI) has continued its steady rise higher at midday, touching another record high, as Wall Street looked towards promising economic data, namely upbeat retail sales and jobless claims. A post-earnings pop from bank name Morgan Stanley (MS) and a finalized "phase one" trade deal has also helped boost stocks, with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) grabbing more fresh intraday peaks. 

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

  • Behind Ben & Jerry's new Netflix-themed flavor
  • The C-suite shakeup rattling Outdoor Brands stock. 
  • Plus, options bulls snap up TUP stock; SIG stock keeps climbing on holiday sales report; OPRA hits fresh low on short-seller note.

midday stats jan 16

Tupperware Brands Corporation (NYSE:TUP) is seeing an unusual amount of bullish activity in the options pits today. So far, 11,000 calls have crossed the tape -- seven times the intraday average -- compared to just 180 puts. The February 10 call is the most popular, followed by the January 2020 10-strike call, with positions being purchased at both. TUP is up 3.5% to trade at $9.47 at last check. 

One of the best performers on the New York Stock Exchange is Signet Jewelers Ltd. (NYSE:SIG), which has added 36.8% to trade at $29.51, thanks to upbeat holiday sales data. The jeweler also upped its 2020 full-year forecast, citing new products and online sales investments. The stock is on pace for its fifth straight win, and just cleared its 320-day moving average for the first time since November 2018. 

SIG Chart Jan 16

One of the worst stocks on the Nasdaq today is Norway-based software company Opera Ltd (NASDAQ:OPRA), which has shed nearly 13% to trade at $7.83 after the short-seller Hindenburg Research forecast 70% downside to last night's close. OPRA just hit a nine-month low, and is headed for its biggest one-day percentage drop since August 2018. 
 

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