Nasdaq Up Triple Digits as Stocks Push Higher

The VIX is looking to snap a three-day losing streak

Deputy Editor
Aug 14, 2023 at 12:12 PM
facebook X logo linkedin

Wall Street is looking to shake off this morning's slump, after a rocky August kickoff. Both the Dow Jones Industrial Average (DJI) and S&P 500 (SPX) are higher at midday, while the Nasdaq Composite (IXIC) is boasting a triple-digit lead. Elsewhere, the Cboe Volatility Index (VIX) could snap a three-day losing streak. 

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

  • Retail stock tripped up before earnings.
  • Not a whole lot to like about this biotech stock.
  • Plus, options bears blast sinking AMC; CLF offer rejected, and copper stock sinks. 

MMC August14

Options traders are blasting AMC Entertainment Holdings Inc (NYSE:AMC), as the stock plummets following the approval of its revised conversion settlement. So far today, 425,000 calls and 944,000 puts have been exchanged, or four times the average daily volume. The August 4 put is the most active contract, followed by the 3 put in that same series. At last check, AMC is down 33.2% at $3.52, and trading at fresh two-year lows

AMC Aug14

Mining stock Cleveland-Cliffs Inc (NYSE:CLF) is 8.2% higher to trade at $15.90, after the company offered to buy U.S. Steel (X) for $7.3 billion, though the latter rejected this offer. Fresh off two-straight weeks of losses, CLF is down 20.4% year-over-year. 

Freeport-McMoRan Inc (NYSE:FCX) stock is down 1.8% at $40.66 at last check, after the copper giant disclosed a cybersecurity incident impacting its information systems. FCX is already down roughly 10% in August, but is still holding above its year-to-date breakeven level. 


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