Stocks Eye Strong Finish to Choppy Week

Gold is on track for its worst week since March

Deputy Editor
Sep 25, 2020 at 11:58 AM
facebook X logo linkedin

The Dow Jones Industrial Average (DJI) is up nearly triple digits midday, rebounding from its morning losses. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the black, though all three benchmarks are still heading for their fourth-straight weekly losses. As investors search for clues that could boost stocks from their recent sell-off, Washington D.C. struggles to agree on a second stimulus package. Meanwhile, gold is on track for its worst weekly deficit since March, pacing for a 4.9% weekly drop.

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

  • Blue-chip stock highlighted amid aircraft update. 
  • FAANG stock rising despite Ireland tax buzz. 
  • Plus, GNUS sees option volume after streaming deal; MRNS soars on drug trial report; and Rite Aid stock hit with price-target cuts. 

mmc sep 25

One stock seeing notable options activity is Genius Brands International Inc (NASDAQ:GNUS), up 14.9% at $1.19 after a deal with Samsung, which will start streaming Kartoon Channel! on its Smart TV's. So far, 45,000 calls have crossed the tape -- 14 times what's typically seen at this point and almost 10 times the number of puts traded. Most popular is the weekly 10/2 1.50-strike call, where new positions are being opened. 

Surging on the charts today is Marinus Pharmaceuticals Inc (NASDAQ:MRNS), up 18.3% at $12.66 at last check, after providing an update on phase 3 of its epilepsy drug. The company has fulfilled the Food and Drug Administration (FDA) questions, and patient enrollment will begin in October. MRNS is up 33% in 2020 now, but is still a ways off its Sept. 15 annual high of $16.28.

Meanwhile, dropping lower on the New York Stock Exchange (NYSE) is Rite Aid Corporation (NYSE:RAD), down 11.4% at $9.73 at last check, after Deutsche Bank and J.P. Morgan Securities lowered their price targets to $9 and $13, respectively. Extending yesterday's steep fall and nearing its mid-March lows, RAD is down 36.4% year-to-date. 

RAD mmc


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