Stocks Score New Records All Around

Weekly wins are in sight for all three major indexes

Managing Editor
Feb 23, 2024 at 11:48 AM
facebook X logo linkedin


Stocks are trying to stick the landing today, with record highs getting nabbed left and right. The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all hit new record highs this morning, although the lattermost has  since pivoted into the red. Nevertheless, all three major indexes are heading toward comfy weekly wins, while Wall Street's "fear gauge," the Cboe Volatility Index (VIX) retreats for the third-straight day. 

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

  • Carvana stock continues to turn heads.
  • Upgrade soothes DraftKings stock slump.
  • Plus, SQ pops post-earnings; PANW recovers; and WBD hits a record low.

MMC Stats Feb 23

Block Inc (NYSE:SQ) stock is getting lit up in the options pits today. At last check, over 305,000 contracts have changed hands already today, volume that's eight times the average intraday amount and pacing to be in the 100th percentile of its annual range. The weekly 2/23 80- and 82-strike calls are the most popular, as is the March 90 call, with new positions being bought to open at all three. SQ is up 17.6% to trade at $79.96, after the fintech company raised its first-quarter guidance, prompting 13 price-target hikes and one upgrade to "buy" from "neutral." The stock has now reclaimed its year-to-date and year-over-year breakeven levels. 

Palo Alto Networks Inc (NASDAQ:PANW) stock is on the mend today, up 4.9% to trade at $280.71. Two days removed from a post-earnings drawdown of 28.4%, the cybersecurity stock is now only 5.5% lower in 2024. Wednesday's pullback found support at its 200-day moving average. 

MMC Stock Chart PANW

Warner Bros Discovery Inc (NASDAQ:WBDis the worst stocks on the SPX today, down 11.8% to trade at $8.44 after the media company's fourth-quarter losses and revenue both missed estimates. WBD is now 27% lower in 2024, and earlier hit a record low of $8.25. 

 

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