BUY, SELL, HOLD (2)

Dow Continues to Flounder Despite Strong Retail Earnings

The S&P 500 and Nasdaq are both quietly higher, however

Deputy Editor
Nov 18, 2021 at 12:15 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI) is extending this morning's sluggish trading into the afternoon, down 92 points midday. The S&P 500 (SPX) and Nasdaq Composite (IXIC), however, are quietly higher, as investors weigh strong earnings reports from retailers against ongoing inflation concerns.

Initial jobless claims for last week fell for the seventh-straight week, coming in at 268,000, as the labor shortage continues. Meanwhile, crude prices are near six-week lows, after reports that China plans to release oil from its strategic reserve.

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

  • The Dow member dragging down the index after earnings. 
  • Checking in on Wendy's stock after recent expansion. 
  • Plus, 2 retailers in the spotlight after quarterly wins; and ASYS gaps lower. 

MMC Nov18

Retail name Kohl's Corporation (NYSE:KSS) is seeing a burst of options activity today, following the company's upbeat third-quarter report and raised full-year sales forecast. So far, 23,000 calls and 8,980 puts have crossed the tape, which is five times the intraday average. The weekly 11/26 60-strike call is the most popular, with new positions being sold to open there. Currently, KSS is up 6.2% to trade at $60.00. 

Sector peer Macy's (NYSE:M) is also surging, up 17.1% to trade at $36.10 at last check to hit a fresh three-year high. The retailer reported third-quarter earnings of $1.23 per share, which is much higher than the 31 cents per share anticipated by analysts, as well as a revenue beat. Plus, Macy's raised its full-year forecast, and announced its decision to bring on consulting firm AlixPartners to review its business. 

Meanwhile, Amtech Systems Inc. (NASDAQ:ASYS) is falling to the bottom of the Nasdaq, down 27.8% to trade at $11.02, after its fiscal fourth-quarter earnings and revenue missed estimates. Potentially paring further losses, Cowen and Company raised its price target to $17 from $14. Plus, the stock's 140-day moving average appears to have caught some of today's pullback, and ASYS is still up 73% year-to-date. 

ASYS mmc

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.