Wall Street Moves Higher on Earnings, Economic Data

A deluge of economic data poured in this morning

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

Wall Street's gains are accelerating this afternoon, as investors weigh several notable earnings reports and rising Treasury yields. In addition, traders are digesting this morning's jobless claims data, as well as the Philadelphia Fed's manufacturing index, with the latter coming in lower than expected. Still, the Dow Jones Industrial Average (DJI) is roughly 285 points higher at last glance, while the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) are also both well in the black. 

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

  • Breaking down this EV giant's quarterly results.
  • Analysts weigh in on the solar sector
  • Plus, options traders target solar stock; and 2 more earnings reports to digest.

Midday Market Stats October 202022

With solar stocks getting a fair bit of attention from analysts today, it seems fitting that Sunnova Energy International Inc (NYSE:NOVA) would see notable options-related activity. So far, 11,000 calls and 6,338 puts have been exchanged, or 16 times the intraday average, with new positions opening at the most popular contract, the November 20 call. At last glance, NOVA was up 0.9% to trade at $16.04, and barely making a dent in its 43.1% year-to-date losses. On the charts, the equity's pullback accelerated after crossing back below its 160-day moving average.

NOVA Chart October 202022

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) was last seen up 15.8% at $71.28, and standing near the top of the Nasdaq after securing a round of post-earnings bull notes. The analyst optimism comes after Monarch Casino & Resort reported record operating results for the third quarter. As a result, the shares are trading at their highest level since April, and now stand nearly 6% higher year-over-year.

Heritage-Crystal Clean, Inc. (NASDAQ:HCCI), meanwhile, also reported third-quarter results today, beating out top- and bottom-line estimates to turn in notable wins. The company's shares are falling in response, however, last seen down 10.2% to trade at $29.01. HCCI earlier surged towards the $33.60 level, but pulled back to now sport a 13.3% year-to-date deficit. 


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