Stocks Brushing Off Latest Fed Fears

Bitcoin (BTC) is on the rise again after an early-week selloff

Deputy Editor
Nov 18, 2022 at 11:54 AM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI) is up triple digits midday, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) sit hesitantly higher. Investors are so far brushing off comments from several Federal Reserve officials alluding to tighter monetary policy. For the week, however, all three benchmarks are still on track for solid losses. Meanwhile, Bitcoin (BTC) is inching higher in the wake of the early-week crypto crash after FTX filed for bankruptcy. 

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

  • Foot Locker stock surges on strong results. 
  • Checking in with Novavax stock after vaccine news
  • Plus, options traders blast ROSS; ISEE jumps on FDA designation; and FTCH plummets after its report. 

MMC Nov18 New

Ross Stores Inc (NASDAQ:ROST) is seeing a surge in options activity today, with 50,000 calls and 29,000 puts across the tape, which is six times the intraday average. The November 175 call is the most popular, followed by the November 160 put. ROST is up 12.8% at $110.49 at last glance, earlier hitting a one-year high of $115.90, after its current-quarter forecast hike. No fewer than 14 analysts raised their price targets, too. Today's pop has the stock gapping above its 320-day moving average. 

ROST Nov18

IVERIC bio inc (NASDAQ:ISEE) stock is soaring today, up 24.7% at $21.50 at last check, after the  U.S. Food and Drug Administration tagged the company's eye disease drug, Zimura, as a "breakthrough therapy." Year-to-date, the equity is up 29.9%.  

One of the worst stocks on the New York Stock Exchange (NYSE) today, Farfetch Ltd (NYSE:FTCH) was last seen down 15% at $7.76. The online fashion hub reported narrower-than-expected third-quarter losses of 24 cents per share alongside a revenue miss, and cut its full-year forecast due to macro challenges. No fewer than six analysts slashed their price targets after the event. Year-over-year, FTCH is down 82.8%. 

 

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