Stocks Soar, Set to Recover Yesterday's Losses

Retail stocks are leading the charge today

Managing Editor
Nov 15, 2022 at 12:02 PM
facebook X logo linkedin

Stocks are cruising today, taking their cues once more from encouraging inflation data. The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) have all pared yesterday's losses and then some, on the heels of a cooler-than-expected producer price index (PPI) reading.

Retail stocks are big winners today, thanks to a halo lift from Walmart's (WMT) earnings blowout. Elsewhere, oil prices are cooling off, with December-dated crude futures last seen 1% lower at $84.98 per barrel. 

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

  • Etsy stock just cleared several key trendlines.
  • Buyout rumors are boosting this retail stock.
  • Plus, options bulls blasting chip stock; another AMD bull note; and lithium stock in the red. 

MMC Stats Nov 15

Options bulls are having a field day with Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM). So far, over 120,000 calls have exchanged hands, volume that's 14 times the average intraday amount. TSM is 11.5% higher at $81.19 at last check, after Warren Buffett's Berkshire Hathaway (BRK) disclosed a $4.1 billion stake in the overseas chip concern in a Securities and Exchange Commission (SEC) filing. TSM is heading for its highest close since Sept. 12, and is poised to close above its 100-day moving average for the first time since August.

TSM Stock Chart MMC

Advanced Micro Devices, Inc. (NASDAQ:AMD) is near the top of the SPX today, last seen up 5.2% at $78.30. Baird upgraded the semiconductor stock to "outperform" from "neutral" yesterday, while hiking its price target to $100 from $65. Year-to-date, AMD is still down 46.4%. 

Albemarle Corporation (NYSE:ALB) is on the other end of the spectrum, last seen down 7.5% at $292.72. Although a catalyst for this negative price action is unknown, lithium mining stocks are skipping today's broad market rally. Albemarle stock is up 24.9% in 2022, though.


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