Dow Eyes 5th-Straight Skid as 'Fear Gauge' Pops

The Cboe Volatility Index (VIX) is looking to resume its rally

Managing Editor
Sep 25, 2023 at 12:04 PM
facebook X logo linkedin


Stocks are a volatile bunch this morning. The Dow Jones Industrial Average (DJI) was off triple digits earlier, but is now only marginally lower. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) were lower as well and now sit modestly in the black midday. A fifth-straight loss is at stake for all three major indexes, while the 10-year Treasury yield sits near Friday's peak, which was the highest since 2007. Elsewhere, the Cboe Volatility Index (VIX) is eyeing its sixth win in seven sessions.

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

  • Amazon.comenters the AI race.
  • Nike stock stalled as analyst steps to sidelines.
  • Plus, bulls eye solar stock; private equity love for WSM; and AA's C-suite shakeup.

MMC Stats Sept 25

Sunrun Inc (NASDAQ:RUN) is a favorite of options bulls today, with 24,000 calls exchanging hands so far, volume that's three times the average intraday amount and pacing for the 99th percentile of its annual range. Most of the action is happening at the weekly 9/29 14-strike call, with new positions being bought to open. The solar stock is down 0.9% at $12.77 at last check, and earlier hit a three-year bottom of $12.68.

Williams-Sonoma, Inc. (NYSE:WSM) stock is propping up the New York Stock Exchange (NYSE) today, last seen up 9.1% at $152.79. The retail stock is higher after Green Equity Investors IX, which is managed by Leonard Green & Partners, reportedly disclosed new stake. WSM earlier hit a one-year high of $153.11, and is now up 32% in 2023. 

Alcoa Corp (NYSE:AA) stock is on the other end of the spectrum, last seen 5.1% lower at $26.90. The aluminum stock  dipped after announcing chief operating officer William Oplinger will step up as CEO to succeed Roy Harvey. AA is 41% lower in 2023, with its 30-day moving average keeping a lid on breakouts for the last few months.

MMC Stock Chart AA

 

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