Dow, S&P 500 Rise on Earnings, Retreating Treasury Yield

Tesla reports earnings after the session's close

Deputy Editor
Apr 20, 2022 at 11:59 AM
facebook X logo linkedin

It's a mixed day so far on Wall Street, with the Dow Jones Industrial Average (DJI) up 225 points and the S&P 500 Index (SPX) sitting just above breakeven, as investors digest more earnings and recent Treasury yield movements. Meanwhile, the Nasdaq Composite (IXIC) is firmly in the red, as Netflix's (NFLX) surprise subscriber losses drag down other streaming staples, giving some tech investors pause. Looking ahead, Tesla (TSLA) reports financial results after today's close.

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

Midday Market Stats April 20_2022

Options traders look like they're calling a bottom for Rite Aid Corporation (NYSE:RAD). In fact, call volume is running at 13 times the intraday average, with 33,000 contracts across the tape already today. The weekly 4/22 8-strike call is the most popular by far, and new positions are being bought to open at the contract. Last seen up 6.8% at $7.90, the shares recently bounced off the $6 level -- their lowest area of trading since September 2019. The stock is set for its first close above the 10-day moving average in over three weeks, though longer term, Rite Aid stock sports a 55% year-over-year deficit.

RAD Chart April 20

Healthcare Services Group, Inc. (NASDAQ:HCSG) is one of the best performing stocks on the Nasdaq today. The equity was last seen up 19.5% to trade at $19.83, following first-quarter earnings and revenue that were both higher than Wall Street's forecasts. The $20 level is still keeping a lid on the stock, as it did during the fourth quarter of 2021. Year-to-date, HCSG is up 11.7%.

Meanwhile, Baker Hughes Co (NASDAQ:BKR) is one of the worst Nasdaq performers so far today. At last check, BKR is down 9.4% to trade at $33.30, after reporting first-quarter earnings of 15 cents on revenue of $4.84 billion, both of which were lower than estimates. With today's losses captured by the 60-dy moving average, Baker Hughes stock still stands 38% higher in 2022.


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