S&P 500, Nasdaq on Track to Snap 4-Day Losing Streak

Jobless claims and home sales data are in focus today

Digital Content Manager
Apr 18, 2024 at 11:49 AM
facebook X logo linkedin

The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher this afternoon, as both attempt to snap four-day losing streaks. The Dow Jones Industrial Average (DJI) is confidently higher as well, as investors weigh the latest jobs data with rising home sales and worse-than-expected leading economic indicators for March. Elsewhere, the Cboe Volatility Index (VIX) is heading for a third-straight drop. 

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

  • Chip stock moving lower after earnings.
  • Analyst says eBay stock is undervalued.
  • Plus, LVS options running red-hot; Badge Meter stock nabs record high; and PRI eyes worst day since 2022.

MMC Stats 0418

Options traders are blasting Las Vegas Sands Corp.(NYSE:LVS) stock after the casino's giant's first-quarter earnings and revenue beat. The shares are down 6.8% at $46.82 due to lackluster Macau results, however. So far today,19,000 calls and 24,000 puts have been exchanged, which is eight times the intraday average volume. The most active contract is the April 46.50 call, where new positions are being bought to open. Shares are trading at their lowest level since early December, and now carry a 5.2% year-to-date deficit.  

Badger Meter Inc(NYSE:BMI) stock is at the top of the New York Stock Exchange (NYSE), up 12.3% to trade at $172.15, after the machinery company surpassed top- and bottom-line expectations for the first quarter. The equity earlier hit a record high of $173.58, blasting through a ceiling at the $165 that has been capping price action since early September. BMI is up 43.5% in the last 12 months.

BMI Intraday

Primerica, Inc. (NYSE:PRI) is toward the bottom of the NYSE, down 8.5% to trade at $193.92 at last check. While there is no immediately clear reason for this bear gap, PRI is trading at its lowest level since June, and on track for its worst single-day percentage loss since May 2022. So far in 2024, the equity shed 6.8%.


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