Monthly Losses in Sight for Major Indexes

The Dow is looking to deepen its year-to-date losses

Deputy Editor
Feb 28, 2023 at 12:01 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI) is down 81 points this afternoon, looking to deepen its monthly and year-to-date deficits as February comes to a close. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are both sporting modest gains and are still up in 2023, though they are eyeing monthly losses as well. Rising bond yields are weighing on sentiment, with the 10-year U.S. Treasury yield earlier surging to its highest level in over three months.

  • Dish Networks stock hit with double downgrade
  • Target stock enjoys post-earnings pop after profit beat. 
  • Plus, CANO seeing red-hot call activity; bull notes galore for SIBN; AHCO sinks after earnings.

MMC Febr28

Options bulls are targeting Cano Health Inc (NYSE:CANO) ahead of its fourth-quarter report, due out after the close tomorrow, Mar. 1, for which analysts expects losses of 13 cents per share. So far, 126,000 calls have been traded -- 30 times the intraday average amount -- in comparison to just 255 puts. The April 2 call is the most active contract. At last glance, CANO was up 5.9% to trade at $1.70, but still carried a 65.5% year-over-year deficit.

SI-Bone Inc (NASDAQ:SIBN) stock is soaring, up 23.2% at $20.87, after its narrower-than-expected fourth-quarter losses and revenue beat. No fewer than five analysts lifted their price targets in response, including Truist Securities to $26 from $21. Earlier hitting its highest level since April, SIBN is up 53.6% year-to-date. 

Adapthealth Corp (NASDAQ:AHCO) is down 27% at $16.03 at last glance, after its dismal fourth-quarter report missed bottom- and top-line estimates. The company also issued a lower-than-expected 2023 forecast, and Jefferies slashed its price target to $27 from $35. On the short sale restricted (SSR) list amid the negative price action, AHCO is down 6.9% year-over-year. Now below its 200-day moving average, the stock earlier hit its lowest level since May. 

AHCO SINCE MARCH 2022

 

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