Stocks Propped Up by Resurgent Retail Sales

Retail sales jumped 0.7% in March, exceeding Wall Street expectations

Managing Editor
Apr 15, 2024 at 12:00 PM
facebook X logo linkedin

For the first time in nearly a month, the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are in the black on a Monday. The blue-chip index is up 129 points at last check, set to snap a five-day losing streak thanks to a post-earnings pop from Goldman Sachs (GS).

The Nasdaq Composite (IXIC) has drifted lower, paring a triple-digit gain of its own as investors weigh upbeat retail sales data with geopolitical tensions. Oil prices are in the red on Wall Street too, with May-dated crude futures last seen down 1.7% at $84.22 per barrel.

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

  • Goldman Sachs kicks off earnings season with a flourish.
  • Defense stock earns big upgrade.
  • Plus, PLCE puts pop; another bank stock to watch; and Salesforce makes a move.

MMC Stats April 15

Options bears are eyeing Children's Place Inc (NASDAQ:PLCE), ahead of the specialty retailer's earnings report due out before the open tomorrow. At last check, 14,000 puts have changed hands already today, volume that's 11 times the average intraday amount. The weekly 5/10 4-strike put is the most popular, as is the April 8 put in the standard series, with both positions being bought to open. PLCE is down 67% in 2024 and was last seen trading at $7.56. 

Another bank stock is stealing Goldman Sach's thunder today. Charles Schwab Corp (NYSE:SCHW) reported first-quarter earnings and revenue that eked out estimates, despite both figures declining sharply year-over-year. At last check, SCHW was up 3.4% to trade at $72.42, and earlier hit an annual high of $73.65. The shares are now 42.3% higher year-over-year. 

Salesforce Inc (NYSE:CRM) is one of the worst stocks on the New York Stock Exchange (NYSE) today, last seen down 5.3% to trade at $278.78. The Wall Street Journal reported the software company was exploring the purchase of Informatica in a $11.35 billion deal. Reuters corroborated the story, and noted that the deal could be announced soon. CRM is up 5.8%, and is testing its 100-day moving average today. 

MMC Stock Chart CRM


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