Stocks Struggling Even After Upbeat Earnings, GDP Data

Tesla and airline earnings are in focus today

Deputy Editor
Jan 26, 2023 at 11:47 AM
facebook twitter linkedin

Stocks are a mixed bag today, even after fourth-quarter gross domestic product (GDP) data beat estimates. Investors are digging into a fresh batch of corporate earnings reports, with Tesla (TSLA) and a host of airline companies headlining today. At last check, the Dow Jones Industrial Average (DJI) is roughly 66 points lower, the S&P 500 Index (SPX) is near breakeven, and the Nasdaq Composite (IXIC) is modestly higher.

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

  • Call traders blast Tesla stock after earnings.
  • Brokerage turns bearish on blue-chip pharma stock.
  • Plus, energy stock's put activity; Buzzfeed's big payout; and CVLG's earnings whiff.

Midday Market Stats January 262023

Antero Resources Corp (NYSE:AR) is seeing an unusual amount of put activity today, with 6,398 bearish bets across the tape so far. New positions are being opened at the most popular contract, the March 30 put. Last seen down 3.5% to trade at $28.24 and now down 9.1% in 2023, AR still sports a 53.1% year-over-year gain.

AR Chart January 262023

Buzzfeed Inc (NASDAQ:BZFD) was last seen 50.5% higher at $1.43, after Facebook parent Meta Platforms (META) paid the digital media company $10 million to attract customers to the company's platforms. Year-to-date, Buzzfeed stock is nearly 100% higher.

Near the bottom of the Nasdaq, Covenant Logistics Group Inc (NASDAQ:CVLG) was last seen down 16% to trade at $32.30, after missing fourth-quarter earnings per share estimates. Despite today's dip, CVLG is holding onto a more than 50% year-over-year lead.


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners