Stocks Muted as Oil Prices Take a Breather

This week will bring Big Tech earnings reports

Digital Content Manager
Apr 22, 2024 at 11:47 AM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are flat this afternoon, shrugging off strong premarket gains. Tensions in the Middle East cooled after Iran said it would not respond to Israel's attack, with oil prices moving lower. Investors are also keeping an eye on Big Tech earnings later this week, as well as the release of the personal consumption expenditures (CPE) price index.

Continue reading for more on today's market, including:
  • 2 crypto stocks surging after Bitcoin "halving."
  • Call traders unfazed by Verizon's post-earnings slump.
  • Plus, NRG in focus; NGVT upgraded; and Informatica buyout rumors dispelled.

MMC Stats 0422

NRG Energy Inc(NYSE:NRG) stock is seeing unusual options activity today, with 7,812 calls and 15,000 puts across the tape so far, which is 12 times the volume typically seen at this point. The two most active contracts are the July 55 and 65 puts, where new positions are being bought to open. Shares are up 0.7% to trade at $70.45, after Guggenheim lifted its price objective to $77 from $63. On track to snap a three-day losing streak, NRG is 35.9% higher in 2024.

Ingevity Corp (NYSE:NGVT) stock was last seen up 9.4% to trade at $48.64, following an upgrade from Jefferies to "buy" from "hold," as well as a price-target hike to $62 from $52. The shares are eyeing their best single-day percentage gain since November 2020, but are also still struggling with a ceiling at the $50 level, which has capped price action since September. NGVT is down 31.7% in the last 12 months.

NGVT Intraday

Informatica Inc (NYSE:INFA) stock is down 9.1% to trade at $31.98, after the Wall Street Journal reported Salesforce (CRM) had backed off of talks to acquire the software company. Shares earlier slipped to their lowest level since February, shedding 20% off their April 12, three-year high of $39.79. INFA still boasts a 102.7% year-over-year lead, though.

 

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