Dow Extends Rebound, Surges 456 Points

Bank stocks are staging a bounce

Deputy Editor
Mar 14, 2023 at 11:52 AM
facebook X logo linkedin

Rallying bank stocks are fueling Wall Street's midday gains, as investors continue to  unpack this morning's consumer price index (CPI) data. The Dow Jones Industrial Average (DJI) is 456 points higher at last check, while the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) both sport respectable leads as well.

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

  • Is Tinder's parent company a value stock?
  • These three regional bank stocks are rallying.
  • Plus, SCHW options pop; biotech concern scores bull note; and RAPT plummets after earnings.

Midday Market Stats March 142023

Charles Schwab Corporation Common Stock (NYSE:SCHW) is 8.8% higher today and trading at $56.49 at last glance as part of the broader-market bank rally. The stock is also seeing increased options activity, with 63,000 calls and 51,000 puts across the tape so far -- eight times the volume typically seen at this point. The March 60 call is the most popular contract, while new positions are being opened at the second most popular contract, the June 30 put. Year-to-date and year-over-year, Charles Schwab stock is more than 32% higher.

Near the top of the Nasdaq today is Avid Bioservices Inc (NASDAQ:CDMO), last seen up 29.1% at $17.84. Keybanc upgraded the shares to "overweight" from "sector weight," after the biotech concern beat fiscal third-quarter earnings and revenue estimates. On its way to snapping a six-day losing streak, CDMO is pacing for its best session in more than a decade, and stands nearly 28% higher year-to-date.

CDMO Chart March 142023

Rapt Therapeutics Inc (NASDAQ:RAPT) is trading near the bottom of the Nasdaq, after the company's wider-than-expected fourth-quarter losses per share. The equity is 25.3% lower this afternoon, last seen trading at $19.89, though still holding on to a 1% year-to-date gain. 


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