Stocks Mixed as Investors Try to Brush Off Economic Anxieties

Investors are sifting through some key indicators this afternoon

Digital Content Manager
Oct 1, 2021 at 12:17 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJI) is up 204 points at midday, after trading sideways this morning as September's anxieties over inflation and slowing economic growth continue to grip Wall Street. Meanwhile, the S&P 500 Index (SPX) is slightly higher, and the Nasdaq Composite (IXIC) is sporting a muted loss.

Merck (MRK) shared a positive update on its oral antiviral Covid-19 treatment earlier, boosting airline stocks, though the news weighed on vaccine stocks. Investors are also sifting through some fresh economic indicators, including personal income data, which added 0.2% in August, and the core personal consumption expenditures price index, which saw a higher-than-expected 3.6% year-over-year rise.  

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

  • The Apple rival call traders have been targeting recently. 
  • How Nio is making waves in the electric vehicle space. 
  • Plus, BMRA strikes agreement with Walmart; FDA roadblock hurts OMER; and why options traders are blasting UAL. 

midday stats ot 1

Biomerica, Inc. (NASDAQ:BMRA) is one of the best performing stocks on the Nasdaq today, last seen up 35.7% at $6.11, following news that the company has struck a deal with Walmart (WMT). The retailer has begun selling Biomerica's EZ Detect colorectal disease screening test online, with first orders shipped earlier this week. The stock is now trading at its highest level since April, and looks ready for its first close above the 320-day moving average in roughly six months. 

bmra chart oct 1

Omeros Corporation (NASDAQ:OMER), on the other hand, is one of the worst performing stocks on the Nasdaq. The security was last seen down 43.4% at $7.80, plummeting after the U.S. Food and Drug Administration (FDA) identified deficiencies in its review of the company's marketing application for narsoplimab, a drug created to treat thrombotic microangiopathy following hematopoietic stem cell transplanst. OMER earlier hit a five-year low of $7.51, gapping below the supportive $13.50 level, after Maxim Group downgraded it to "hold" from "buy." The equity is down 43.6% year-to-date. 

Options traders are targeting United Airlines Holdings Inc (NASDAQ:UAL) today, with over 40,000 calls and 38,000 puts exchanged so far, which is twice the average intraday volume. The most popular is the October 47 put, followed by the 10/1 50-strike put, with new positions being opened at the latter. UAL is up 5.5% at $50.18 at last check, as the travel sector gets a boost from Merck's (MRK) upbeat Covid-19 treatment update. The equity is down 45.3% in 2021, however, though it is eyeing its highest close since mid-July. 


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