Wall Street Extends Lead After Strong Earnings

Bank earnings are rolling in

Deputy Editor
Oct 18, 2022 at 11:47 AM
facebook X logo linkedin


Wall Street is building on yesterday's rally, with the Dow Jones Industrial Average (DJI) boasting a more than 200-point lead after an impressive round of bank earnings. The Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) also boast strong leads, as investors remain optimistic that a strong earnings season could signal a stronger economy than previously thought.

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

  • Unpacking this blue-chip pharma giant's earnings. 
  • Financial institution announces restructuring plans.
  • Plus, Carnival subsidiary announces offering; Akouos and Eli Lilly agree to buyout; and what's weighing on Conn's stock.

Midday Market Stats October 182022

Carnival Corp (NYSE:CCL) options are popping today, after the company's Carnival Holdings (Bermuda) Ltd. subsidiary began a private offering of $1.25 billion of senior priority notes. So far, 80,000 calls and 58,000 puts have been exchanged, or triple the intraday average. New positions are being opened at the two most popular contracts, the October 8.50 and 8 calls. At last glance, CCL was up 11.1% to trade at $8.07, and attempting to break above short-term pressure at its 20-day moving average. Year-over-year, Carnival stock sports a 65.6% deficit.

CCL Chart October 122022

Near the top of the Nasdaq this afternoon Akouos Inc (NASDAQ:AKUS), last seen up 85.7% to trade at $13.02. The equity is trading at 13-month highs, after it was announced that Eli Lilly (LLY) will buy the genetic therapies company for $487 million in cash, if certain drug trial goals are hit. 

Retail concern Conn's Inc (NASDAQ:CONN) is near the bottom of the Nasdaq, down 16.2% at $6.80 and trading at more than two-year lows. The company withdrew its full-year 2023 guidance, while its President and CEO stepped down, and the fallout has the shares trading 72.5% lower year-to-date.

 

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