Wall Street Looks to Extend Red-Hot Rally

The Nasdaq is up triple digits this afternoon

Deputy Editor
Nov 7, 2023 at 12:09 PM
facebook X logo linkedin


Wall Street is higher across the board this afternoon, with the S&P 500 Index (SPX) on track for its longest winning streak in two years. The Dow Jones Industrial Average (DJIA) is also higher, while the Nasdaq Composite (IXIC) outperforms with a triple digit lead on the back of dwindling Treasury yields, as both look to extend their winning runs as well.

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

  • Rideshare stock dinged by mixed earnings report.
  • Fitness stock gets juiced after forecast hike.
  • Plus, DigitalOcean stock's double-upgrade, and 2 earnings reports to parse.

Midday Market Stats November 72023

DigitalOcean Holdings Inc (NYSE:DOCN) stock is 14% higher at $27.19 this afternoon, and call volume is running at six times the intraday average following a double-upgrade at Goldman Sachs. These traders are most interested in the November 27.50 call, implying more upside over the next two weeks. Goldman adjusted its rating to "buy" from "sell," citing structural improvements and cyclical risks that are already priced into the equity's current value. On the charts, DOCN is keeping above previous resistance at its 40-day moving average, and now sports a 7% year-to-date lead.

DOCN MMC Chart November 62023

Alteryx Inc (NYSE:AYX) stock is one of today's best performing stocks on the New York Stock Exchange (NYSE), last seen up 20.3% to trade at $36.50. The computer software firm posted third-quarter losses that were softer than expected, as well as sales that beat estimates. In response, multiple analysts are weighing in on AYX, which is up 17.1% over the last three months.

No less than six analysts cut their price targets on Ameresco Inc (NYSE:AMRC) after the company reported third-quarter earnings and revenue that missed Wall Street's expectations. In response, Ameresco stock was last seen down nearly 28%, today's worst performing equity on the NYSE, and dragging its year-to-date deficit down to 65.9%.

 

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