Stocks Lifted by Retail, Earnings Optimism

Walmart and Home Depot's post-earnings reactions helped boost the Dow

Deputy Editor
Nov 16, 2021 at 4:26 PM
facebook X logo linkedin


Stocks scored solid wins today, brushing aside inflation -- at least for a day -- in the wake of encouraging retail sales data. In addition, strong third-quarter earnings reports from blue-chips Home Depot (HD) and Walmart (WMT) showed that consumer spending is rising despite the cost of prices going up. Those quarterly reports helped the Dow log a 54-point win. Elsewhere, the S&P 500 and Nasdaq also nabbed modest gains, the former coming within less than a point of another record close in the process.

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

  • See why this EV stock soared today.
  • Why options traders love this crypto-adjacent stock.
  • Plus, unpacking Walmart's earnings; Workday's new bull notes; and the big day for a controversial stock.

The Dow Jones Average (DJI - 36,142.22) gained 54.8 points or 0.2% for the day. Home Depot (HD) led the 12 Dow winners, adding 5.7%, while Boeing (BA) paced the 18 laggards with a 3.1% drop.

The S&P 500 Index (SPX - 4,700.9) added 18.1 points, or 0.4% for the day, while the Nasdaq Composite (IXIC - 15,973.86) rose 120 points, or 0.8% for the day.

Lastly, the CBOE Market Volatility Index (VIX - 16.37) lost 0.1 point, or 0.7% for the day.

closing summary nov16

nyse nasdaq nov16

  1. According to the U.S. Federal Bureau of Investigation (FBI), higher crypto prices are only emboldening ransomware actors. (MarketWatch)
  2. Pfizer (PFE) has officially submitted its application to the U.S. Food and Drug Administration (FDA) for its Covid-19 treatment pill. (CNBC
  3. Top- and bottom-line beats couldn't save this blue-chip retailer.
  4. Workday stock hit record highs after a bull note flurry.
  5. AXON nabbed some price-target hikes after earnings.

Earnings Nov16

UVOLNov16

Oil Prices Pull Back on Production, Covid-19 Cases

The price of oil was under pressure today, after forecasts of rising global production in the near future, as well as rising Covid-19 cases in Europe, stoked investors' worries concerning demand. Still, tight inventories around the globe kept further losses in check. In response, December-dated crude shed 12 cents, or 0.2% to settle at $80.79 a barrel today.

Meanwhile, gold prices also fell today, though not before earlier hitting their highest level since June. Driving investors away from the safe haven metal was the upbeat retail sales report, as well as data showing a surge in industrial output. December-dated gold lost $12.50 or, 0.7%, to settle at $1,854.10 on the day.

 

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