Stocks Hit More Record Highs on Bank Earnings, Economic Data

More corporate earnings boosted investor sentiment

Deputy Editor
Apr 15, 2021 at 12:24 PM
facebook X logo linkedin


Stocks are moving higher this afternoon, once again notching record levels thanks to another batch of strong earnings from the financial sector and upbeat economic data, including a 9.8% rebound in consumer spending for March. In response, the Dow Jones Industrial Average (DJI) is up nearly 260 points, earlier notching yet another all-time high. The blue-chip index is getting a boost from bank stocks, while an earnings beat from index member UnitedHealth (UNH) is also providing support. The S&P 500 Index (SPX) logged a new intraday record as well, while the Nasdaq Composite (IXIC) sports a triple-digit lead at midday. 

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

  • The latest bank stock to rise on stellar earnings.
  • American Eagle Outfitters stock extends 14-year highs.
  • Plus, call traders blast Visa stock after upgrade; one new biotech stock soaring on the charts; and short-selling rumors sink INTZ.

Midday Market Stats April 15

One stock seeing a jump in bullish activity is Visa Inc (NYSE:V), after Jefferies raised its price target to $260 from $250. So far today, 57,000 calls have already exchanged hands, double the intraday average and nearly five times the amount of puts traded. The May 215 call is the most popular, distantly followed by the April 230 call. At last check, V is up 2.1% at $226.63, just a chip-shot away from its March 11 all-time high of $228.23. The 10-day moving average has helped the equity move higher since late March, and it just topped recent pressure at the $224 level today. The security is up 36.4% in 2021.

V Chart April 15

One stock outperforming on the Nasdaq today is Neximmune Inc (NASDAQ:NEXI), last seen up 7.1% at $25.58, though the catalyst is unclear. The clinical-stage biotechnology company made its initial public offering (IPO) on Feb. 12, opening at $23.01 and peaking at $28. The stock has traded between $17 and $27 ever since. Today's boost has NEXI sporting a respectable 33.3% quarterly lead. 

At the other end, Intrusion Inc. (NASDAQ:INTZ) is hovering near the bottom of the Nasdaq, down 19.5% at $19.12 at last check, after a short call from White Diamond Research alleged a "malicious short-selling agenda." The company said the claims are "unfounded," but the equity is suffering in the wake of the allegations. The stock is now pacing for its second largest percentage point drop of 2021, though the it still boasts a 12.4% rise on the year. Longer term, Intrusion stock is up a staggering 535.2% year-over-year

 

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