Perfect Week of Gains Within Reach on Wall Street

Upbeat bank earnings are driving investor optimism

Digital Content Manager
Jul 14, 2023 at 11:55 AM
facebook X logo linkedin

The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are well on their way to scoring five-straight daily wins this afternoon, which would make this a perfect week of gains. All three major indexes also notched fresh 2023 highs earlier in the session.

Bank and blue-chip earnings are behind this positive price action, as cooler-than-expected inflation data continues to drive investor optimism as well. Meanwhile, in a preliminary reading, U.S. consumer sentiment rose to 72.6 in July from June's 64.4 -- the largest gain since Dec. 2005 and highest level since Sep. 2021. 

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

  • Options traders chime in on bank sector.
  • Record highs not distant for Microsoft stock.
  • Plus, blue chip stock seeing unusual options activity; PRFX resumes rally; and revenue miss weighs on State Steet stock.

MMC Stats 0714

Options traders are targeting UnitedHealth Group Inc (NYSE:UNH) stock, with 60,000 calls and 26,000 puts exchanged so far today, which is eight times the intraday average volume. Most popular is the weekly 7/14 480-strike call, where new positions are being opened, meaning traders expect more upside by the time these contracts expire at the close. UNH is up 6.4% at $476.47 at last check, after the blue chip's second-quarter earnings and revenue beat. Year-to-date, UNH is still down 9.8%.

PainReform Ltd (NASDAQ:PRFX) is leading the Nasdaq today, last seen up 154.6% at $14.64. The company earlier this week priced its $2.7 million concurrent registered direct offering and private placement at $9 per share. The shares have been extremely volatile, surging to a July 11, one-year high of $26.41 before pulling back to their 40-day moving average. Year-to-date, PRFX is down 260.6%.

State Street Corp (NYSE:STT) stock is down 10.9% to trade at $69.31 at last check, after the financial services concern missed second-quarter revenue expectations. The shares earlier slipped to their lowest trading level since early June. So far this year, STT is off 9.6%.

STT 0714


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