Dow Jones Industrial Average (DJI) futures are trading below fair value this morning, as a negative earnings reaction for Caterpillar (CAT) offsets a post-earnings pop for Boeing (BA) stock. At last check, CAT shares were down 2.4% in electronic trading, despite a first-quarter adjusted earnings and revenue beat. BA stock is up 1.7%, as the 737 Max planemaker's in-line adjusted first-quarter profit makes up for a suspended full-year forecast. Futures on the S&P 500 Index (SPX) are up, though, after the broad-market barometer notched a record close on Tuesday.

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

• Schaeffer's Senior Quantitative Analyst Rocky White explains why the S&P's retest of record highs could signal low volatility ahead.
• Breaking down a six-figure options bet on this red-hot oil ETF.
• Amazon buzz had this retail stock bouncing from technical support.
• Plus, Snap flooded with bull notes after earnings; and 2 big names bracing for post-earnings drops.

5 Things You Need to Know Today

1. The Chicago Board Options Exchange (CBOE) saw 1.13 million call contracts traded on Tuesday, compared to 668,685 put contracts. The single-session equity put/call ratio dipped to 0.59, while the 21-day moving average remained at 0.61.
2. Snap Inc (NYSE:SNAP) has received a bevy of bullish analyst notes this morning, after the company said it added Snapchat users for the first time in three quarters at the start of 2019. The social media name also reported a slimmer-than-expected first-quarter loss on higher-than-anticipated revenue. In response, J.P. Morgan Securities upgraded SNAP stock to "neutral" from "underweight," and joined at least nine other brokerages in lifting its price target. The shares are up 2.8% ahead of the bell.
3. AT&T Inc. (NYSE:T) reported first-quarter adjusted earnings of 86 cents per share -- matching the consensus estimate -- while the telecommunication and media giant's revenue of $44.83 billion fell short of expectations. After closing last night at $32.10, T stock is down 3.2% in pre-market trading.
4. Anthem Inc (NYSE:ANTM) reported a first-quarter adjusted profit beat of $6.03, and raised its full-year earnings forecast. Revenue of $24.67 billion also came in above expecations, but ANTM stock is 2.2% lower in electronic trading.
5. MBA mortgage applications and weekly crude inventories are due today. Microsoft (MSFT), Visa (V), Facebook (FB), Allegiant (ALGT), Biogen (BIIB), Chipotle Mexican Grill (CMG), Domino's Pizza (DPZ), F5 Networks (FFIV), First Solar (FSLR), PayPal (PYPL), Spirit Airlines (SAVE), and Tesla (TSLA) will report earnings.

Auto Stocks are Lower in Europe

It was a cautious day for Asian markets, as Brent crude futures cooled from Tuesday's six-month highs, and traders eyed next week’s U.S.-China trade negotiations -- with Washington set to send a high-level delegation to Beijing for talks on April 30. In response, China’s Shanghai Composite rose 0.09%, Hong Kong’s Hang Seng was 0.5% lower, South Korea’s Kospi fell 0.9%, and Japan’s Nikkei was down 0.3%.

Europe is also mixed at midday, with auto stocks trading lower after a full-year profit warning from Nissan. At last check, London’s FTSE 100 is 0.5% lower, and the French CAC 40 is 0.3% lower. However, the German DAX is 0.7% higher, after e-payment concern Wirecard landed a $1 billion investment from Japan’s Softbank.

The Dow Jones Industrial Average (DJI) has remained relatively static, as Wall Street weighs the latest batch of corporate earnings reports. Caterpillar (CAT) is the biggest blue-chip laggard today, with CAT shares down after earnings, while Boeing (BA) stock is flirting with modest post-earnings gains. Elsewhere, the Nasdaq Composite (IXIC) just hit a new record intraday high, fueled by strong earnings results from the tech sector. 

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

• This red-hot e-tail giant has analysts taking note. 
• Why recent Biogen options buyers could be kicking rocks today. 
• Plus, rumors of a new iPod supplier; Midatech Pharma announces full-year revenue success; and iRobot sees its first revenue miss in two years. 

Amkor Technology, Inc. (NASDAQ:AMKR) is seeing unusual options volume today, with nearly 2,800 calls across the tape so far -- 79 times the average intraday volume. Most active by far is the May 10 call, with a large chunk of the contracts being bought to open. At last check, AMKR shares are up 5.5% at $9.53, set for their highest close in nearly a year, on reports that the company could supply Apple's (AAPL) next generation of iPods. 

Midatech Pharma PLC (NASDAQ:MTP) is by far the best stock on the Nasdaq today, after the U.K.-based drugmaker announced its full-year gross revenue from continuing operations almost doubled since last year. MTP is up 59.2% at $3.58 in response. The equity has been on in a downtrend since spiking to a 10-month high of $10.90 in late February, but is set to finish atop its 20-day moving average for the first time in over a month.

Roomba designer iRobot Corporation (NASDAQ:IRBT) is one of the worst performers on the Nasdaq today, down 19.1% at $105.18, at last glace, after reporting first-quarter revenue that fell below analysts' expectations -- its first sales miss in two years. Prior to today, IRBT stock was on the up-and-up, touching a new all-time closing high just yesterday. Today's plummet has the security far below recent support at its 40-day moving average, with IRBT set to breach its 100-day moving average for the first time since early February.

The Nasdaq hit a record intraday high today thanks to blowout earnings for online retailer eBay (EBAY), but couldn't sustain this momentum into the close. The S&P 500 and Dow closed lower, too, pressured by a negative earnings reaction for Caterpillar (CAT) and big drops for energy stocks Exxon Mobil (XOM) and Chevron (CVX). Nevertheless, losses were muted as Wall Street looks ahead to another busy batch of earnings reports, with Microsoft (MSFT) and Facebook (FB) among those reporting tonight.

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

• 2 mining stocks to watch tomorrow.
• Why Lululemon Athletica stock could stay hot.
• The defense sector had Wall Street buzzing.  
• Plus, the S&P signal flashing; the drug stock that waffled after earnings; Amkor traders respond to Airpods hype.

The Dow Jones Industrial Average (DJI - 26,597.05) lost 59.3 points, or 0.2%, for the day. Walt Disney (DIS) was the best of the 12 Dow gainers, adding 1.3%. On the flip side, Chevron paced the remaining losers with its 3.1% drop.

The S&P 500 Index (SPX - 2,927.25) gave up 6.4 points, or 0.2%. The Nasdaq Composite (IXIC - 8,102.15) let go of 18.8 points, or 0.2%.

The Cboe Volatility Index (VIX - 13.14) added 0.9 point, or 7%.

5 Items on our Radar Today

1. The nationwide outbreak of measles has worsened, specifically in New York City (NYC). Since October, 390 cases have been noted, and looks to be focused in the Brooklyn's Williamsburg and Borough Park areas. NYC Mayor Bill de Blasio declared a public health emergency on April 9, attaching a $1,000 fine to those in certain neighborhoods who refuse to comply with receiving a vaccination. (CNBC)
2. Following recent details surrounding Disney's (DIS) streaming service, a survey out of Streaming Observer and Mindnet Analytics showed that 8.7 million, or nearly 14%, of Netflix (NFLX) users could considering leaving the latter platform for Disney+. Around 600 current Netflix subscribers were surveyed, of which 37.5% said they plan to at the very least try Disney's latest entertainment endeavor. (MarketWatch)
3.  This S&P signal could mean low volatility, says Schaeffer's Senior Quantitative Analyst Rocky White. 
4.  The drug stock that just waffled after earnings.
5.  Airpods hype made call volume spike on Amkor stock.

Data courtesy of Trade-Alert

Oil Cools on Big Stockpile Build

Following a bigger-than-expected rise in domestic stockpiles last week , oil settled lower on the day. Front-month June-dated crude futures shed 41 cents, or 0.6%, to close at $65.89 per barrel.

Gold bounced back from yesterday's multi-month lows, as stocks struggled. June-dated gold added $6.20, or 0.5%, to settle at $1,279.40 per ounce.

Dow Jones Industrial Average (DJI) futures are signaling a lower start following Post-it parent 3M's (MMM) shocking earnings report -- which has the blue-chip stock down 8% in electronic trading. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are trading above fair value on a positive earnings reaction for Facebook (FB), with the FAANG stock up 8.6% ahead of the bell on a first-quarter adjusted profit and revenue beat.

Traders are also eyeing some economic data this morning, with durable goods jumping a much larger-than-expected 2.7% in March, while weekly jobless claims rose to their highest level in over two months last week. And oil prices are bouncing back from Wednesday's dip, with June-dated crude up 0.3% at $66.09 per barrel.

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

• Founder and CEO Bernie Schaeffer says to watch this ETF amid the social media earnings onslaught.
• Airpods buzz sparked heavy options trading on this chip stock.
• Apple's getting blasted with pre-earnings bull notes.
• Plus, more on 3M; Microsoft eyes $1 trillion market cap; and Tesla's cash crunch.

5 Things You Need to Know Today

1. The Chicago Board Options Exchange (CBOE) saw 1 million call contracts traded on Wednesday, compared to 596,515 put contracts. The single-session equity put/call ratio rose to 0.60, while the 21-day moving average remained at 0.61.
2. In addition to reporting lower-than-expected first-quarter adjusted earnings and revenue, 3M Co (NYSE:MMM) cut its 2019 profit forecast. The consumer products giant also said it's restructuring, and will cut 2,000 jobs globally. After tagging an annual high of $219.74 yesterday, MMM stock is down 8.3% ahead of the bell, set to test the round $200 mark, home to its 120-day moving average, for the first time since early March.
3. Microsoft Corporation (NASDAQ:MSFT) reported stronger-than-anticipated fiscal third-quarter profit and revenue, thanks to strong Windows revenue and cloud growth. A wave of price-target hikes has come through, too, including one to $155 from $150 at Wedbush. In reaction, MSFT stock is up 5.3% in pre-market trading, set to open at a record high of $131.46 per share -- and become the newest member of the $1 trillion market cap club.
4. Tesla Inc (NASDAQ:TSLA) reported an adjusted loss of $1.77 per share in the first quarter, more than analysts were expecting, while CEO Elon Musk suggested "It's probably about the right time" to raise capital after the electric car concern said it ended the quarter with $2.2 billion in cash. A downgrade to "neutral" from "underperform" at Wedbush is increasing pressure, with TSLA stock down 1.5% ahead of the bell.
5. Weekly jobless claims, durable goods orders, the Kansas City Fed manufacturing index, and the Fed's balance sheet are scheduled. Intel (INTC), Amazon (AMZN), AbbVie (ABBV), Bristol-Meyers (BMY), Cleveland-Cliffs (CLF), Comcast (CMCSA), GrubHub (GRUB), Mattel (MAT), Southwest Airlines (LUV), Starbucks (SBUX), United Parcel Service (UPS), and World Wrestling Entertainment (WWE) will report earnings.

Asian Stocks React to Dismal GDP Data from South Korea

Asian markets were mostly lower today, after South Korea's economy unexpectedly contracted during the first quarter -- resulting in the country's worst gross domestic product (GDP) reading since 2008. China’s Shanghai Composite was down 2.4%, Hong Kong’s Hang Seng lost 0.9%, and South Korea’s Kospi fell 0.5%. Meanwhile, Japan’s Nikkei was up 0.5% after the Bank of Japan stood pat on monetary policy.

Europe is in the red at midday, with investors eyeing post-earnings losses from the likes of Barclays and Nokia. London’s FTSE 100 is 0.6% lower, the French CAC 40 has suffered a 0.2% loss, and the German DAX has taken a 0.1% blow, after merger talks between finance giants Deutsche Bank and Commerzbank crumpled.

The Dow Jones Industrial Average (DJI) is still reeling from 3M's (MMM) major earnings miss. The index has lost almost 175 points at midday, despite new record highs from both Microsoft (MSFT) and Disney (DIS). The Nasdaq Composite (IXIC) continues to flourish, however, on an earnings beat from Facebook (FB), and once again touched a new all-time peak.  

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

• The CBD stock skyrocketing after a global launch.  
• Analysts are waxing optimistic on these 2 fintech stocks. 
• Plus, California Resources lands on the SSR list; Socket Mobile surges on quarterly revenue; and the freight stock eyeing its worst day ever. 

California Resources Corp (NYSE:CRC) is seeing unusual options volume today, with nearly 6,300 puts across the tape so far -- seven times the average intraday volume. Most active is the May 28 put -- which encompasses CRC's May 2 earnings -- with contracts being bought to open. At last check, CRC shares are down 12.4% at $23.03, and just landed on the short-sale restricted list, though the catalyst is unclear. 

Barcode concern Socket Mobile, Inc. (NASDAQ:SCKT) is a top performer on the Nasdaq today, after announcing a 16% growth in first-quarter revenue. SCKT is up 16.3% at $2.35 as a result, looking at its best day since early January. Plus , the stock is on track to end atop its 200-day moving average for the first time in over a year. 

Marine freight name Martin Midstream Partners L.P. (NASDAQ:MMLP) is one of the worst performers on the Nasdaq today, down 23.1% at $7.56, after announcing weak first-quarter earnings. The company cut its quarterly cash distribution as well, blaming the disappointing results on the negative effects of "extreme weather patterns." MMLP has already touched a new record low of $7.35, and is pacing for its worst day ever. 

The Dow was down 286 points at its intraday low, pressured by a stiff post-earnings loss for 3M (MMM) -- which suffered its worst day since Black Monday, shedding nearly 13%. The blue-chip index pared most of these losses by the close, but still settled in negative territory alongside the S&P 500. The Nasdaq, meanwhile, was just shy of a record closing high, but hit an all-time intraday peak as tech earnings took center stage. Specifically, Facebook (FB) benefited from a post-earnings bull gap, while Microsoft (MSFT) also surged after earnings, and briefly topped the $1 trillion market cap in response.

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

• This stock's buy signal hasn't been wrong in 3 years. 
• How options traders are positioned ahead of Alphabet earnings.
• This underloved stock just made call traders quick cash.
• Plus, this airline stock just flashed a sell signal; PayPal, Visa flooded with post-earnings bull notes; and puts were hot on this sinking shipping stock.

The Dow Jones Industrial Average (DJI - 26,462.08) lost 135 points, or 0.5%, for the day. MSFT was the best of the 14 Dow gainers, adding 3.3%. Meanwhile, MMM outpaced the losers with its 12.9% plunge.

The S&P 500 Index (SPX - 2,926.17) gave up 1.1 points, or 0.04%. The Nasdaq Composite (IXIC - 8,118.68) added 16.7 points, or 0.2%.

The Cboe Volatility Index (VIX - 13.25) added 0.1 point, or 0.8%.

5 Items on our Radar Today

1. Cloud computing firm ServiceNow (NOW) added to today's impressive tech earnings, reporting first-quarter earnings and revenue beats. Macquarie analyst Sarah Hindlian said the company had "superior operating margins," while no fewer than 13 other brokerage firms raised their price targets on the stock. NOW closed up 7.4% at $260.69, and hit a record high of $269.26 in intraday action. (MarketWatch)
2. Reports are swirling that Comcast (CMCSA) may sell its stake in Hulu to Walt Disney (DIS). While no decisions or formal announcements have been made, it was made apparent that Hulu is worth nearly $15 billion following its deal last week to buy back a 9.5% stake in itself from AT&T (T). (CNBC)
3. Sell signal flashed on this airliner before earnings.
4. Analyst flooded PayPal and Visa with post-earnings bull notes.
5. Put options were hot on this sinking shipping stock.

Data courtesy of Trade-Alert

Oil Falls for Second Day

Oil fell for a second day, extending downside sparked by yesterday's data that showed increasing domestic stockpiles. June-dated crude sank 68 cents, or 1%, to close at $65.21 a barrel.

Gold eked out a gain as blue-chip stocks struggled. June-dated gold added 30 cents to settle at $1,279.70 per ounce.

It's a busy morning on Wall Street, with traders eyeing another round of blue-chip earnings. Intel (INTC) stock is bracing for a big drop on the chipmaker's weak outlook, and oil major Exxon Mobil (XOM) is also lower after earnings. Elsewhere, traders are digesting the the latest gross domestic product (GDP) reading, which showed the U.S. economy grew at a much faster-than-anticipated 3.2% in the first quarter. At last check, Dow Jones Industrial Average (DJI) futures were below fair value, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) were signaling slow starts, too, even as FAANG stock Amazon (AMZN) pops post-earnings.

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

• The bold price target SunTrust Robinson set for Chipotle stock.
• How analysts reacted to blowout Facebook earnings.
• Options traders skeptical of red-hot Pinterest stock.
• Plus, Shutterfly gets upgraded after earnings; some Uber IPO details; and Ford eyes double digits.

5 Things You Need to Know Today

1. The Chicago Board Options Exchange (CBOE) saw 1.2 million call contracts traded on Thursday, compared to 690,907 put contracts. The single-session equity put/call ratio fell to 0.60, while the 21-day moving average dropped to 0.60.
2. Raymond James upgraded Shutterfly, Inc. (NASDAQ:SFLY) to "outperform" from "market perform, and lifted its price target to $57 from $55 -- a 35% premium to last night's close at $42.21. This follows the photo book specialist's slimmer-than-expected first-quarter per-share loss on strong revenue. SFLY stock is already up 5.6% week-to-date, and is slated to jump 6.3% at today's open.
3. A Securities and Exchange Commission (SEC) filing showed Uber Technologies Inc. has a target valuation for its initial public offering (IPO) in a range of $80.5 billion to $91.5 billion, and priced its IPO at $44 to $50 per share. The filing also revealed PayPal Holdings, Inc. (NASDAQ:PYPL) will invest $500 million in the ride-sharing service. Uber will begin trading on the New York Stock Exchange (NYSE) early next month, under the ticker UBER.
4. Ford Motor Company (NYSE:F) stock is up 6.8% in electronic trading, after the automaker reported first-quarter adjusted earnings of 44 cents per share. A price-target hike to $10 from $8 at Craig-Hallum is stoking the bullish flames, putting F stock on track to trade in double-digit territory for the first time since August.
5. Consumer sentiment data is due, while Archer Daniels Midlands (ADM), Cabot Oil & Gas (COG), and Sony (SNE) will report quarterly results. The earnings calendar is packed next week, too, while jobs data will also be in focus.

Tokyo Stocks Drop as Yen Strengthens

Most Asian markets ended lower today, tracking Wall Street's soft Thursday finish. China's Shangai Composite fell 1.2%, South Korea's Kospi was down 0.5%, and Japan's Nikkei lost 0.2% as the yen strengthened ahead of the upcoming Golden Week holiday. Hong Kong’s Hang Seng bucked the trend to inch 0.2% higher.

European stocks are little changed at midday. The German DAX is 0.09% higher, despite a post-earnings slide from Deutsche Bank, and the French CAC 40 is also up 0.09% after tech giant Sopra Steria surpassed first-quarter revenue estimates. The London FTSE 100, however, is down 0.2% after Glencore said the U.S. Commodity Futures Trade Commission (CFTC) would be investigating the mining concern for "corrupt practices."

Despite first-quarter gross domestic product (GDP) growth that exceeded expectations, the Dow Jones Industrial Average (DJI) has traded on both sides of breakeven today. The index was last seen modestly higher, though, even as blue chips Exxon Mobil (XOM) and Intel (INTC) tank after earnings. Meanwhile, the Nasdaq Composite (IXIC) is in the red, as a sell-off in chip stocks overshadows an earnings win from Amazon (AMZN). Oil prices are also notably lower, after President Donald Trump said he told the Organization of the Petroleum Exporting Countries (OPEC) to temper fuel costs. At last check, front-month crude futures were down 3.3% at $63.07 per barrel.

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

• Sell this shipping stock on macro risk, says analyst.   
• The food delivery stock on a tear after earnings.  
• Plus, options traders pile on puts ahead of Mondelez earnings; the vet stock jumping on buyout buzz; and Monotype stock slides on disappointing earnings report. 

Mondelez International (NASDAQ:MDLZ) is seeing unusual options volume today, with nearly 6,600 puts across the tape so far -- seven times the average intraday volume. The May 47.50 put -- which encompasses MDLZ's first-quarter earnings on April 30 -- is by far the most popular, with a large chunk of contracts being bought to open. At last glance, the Oreo name was up 0.2% at $50.11, and just touched a new record high of $50.70 earlier this week. 

Veterinary pharmaceutical name Aratana Therapeutics Inc (NASDAQ:PETX) is near the top of the Nasdaq today, on news that Elanco Animal Health (ELAN) wants to buy the drugmaker for $245 million, or $4.75 per PETX share. PETX has surged 37% to $4.70 as a result, set for its best day ever. Plus, the equity is eyeing its highest close since an early January bear gap, set to finish atop the 100-day moving average for the first time since the drop. 

Font concern Monotype Imaging Holdings Inc. (NASDAQ:TYPE) is one of the worst performers on the Nasdaq today. The stock is down 17.6% at $16.95, after unveiling first-quarter earnings and revenue that fell below analysts' estimates. The company reiterated its full-year guidance, however. Today's plummet has TYPE trading back below the $17.50 area for the first time since its mid-February bull gap. 

Dow Jones Industrial Average (DJI) futures are signaling a slightly higher start, thanks to strong gains for Walt Disney (DIS) stock, which is up 1.9% ahead of the bell after "Avengers: Endgame" pulled in a record $1.2 billion globally in its opening weekend. The upside is being contained as Boeing (BA) shares slip ahead of the 737 Max aircraft maker's annual shareholders meeting today.

Traders are also digesting an early inflation update, with the core personal consumption expenditures (PCE) index coming in flat for March. U.S.-China trade talks are also on Wall Street's radar, with negotiations between the two nations set to kick off in Beijing this week.

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

• 2 retail stocks blasted by Amazon buzz.
• Signal says pick up cheap calls on booming Ollie's Bargain Outlet.
• Analysts issued new "buy" ratings on this pair of weed stocks.
• Plus, a big upgrade for Target; Spotify set to soar post-earnings; and the airline Deutsche Bank is buying.

5 Things You Need to Know Today

1. The Chicago Board Options Exchange (CBOE) saw 1.22 million call contracts traded on Friday, compared to 772,592 put contracts. The single-session equity put/call ratio rose to 0.63, while the 21-day moving average stayed at 0.60.
2. Barclays upgraded Target Corporation (NYSE:TGT) to "overweight" from "equal weight," and lifted its price target to $115 from $85 -- a 49.1% premium to last Friday's close at $77.12. Analyst Matthew McClintock -- the "biggest bear on TGT" -- said there's been a "narrative change" on the retailer, and it's time to buy the dip. Target stock is up 2.4% ahead of the bell.
3. Music streaming service Spotify Technology SA (NYSE:SPOT) reported stronger-than-anticipated first-quarter revenue of $1.69 billion, and said paid premium subscribers hit 100 million in the three-month period. After closing last week at $138.25, SPOT stock is up 3.2% in electronic trading -- potentially good news for one group of options bulls.
4. Deutsche Bank upgraded American Airlines Group Inc (NASDAQ:AAL) to "buy" from "hold," saying "the resetting of expectations by management essentially establishes a 'floor' for AAL's share price." Cowen and Company, on the other hand, cut its price target to $41 from $42. AAL stock is 1.1% higher in pre-market trading, but is staring up at a key trendline.
5. Personal income and outlays and the Dallas Fed manufacturing survey are due. Google parent Alphabet (GOOGL), AK Steel (AKS), MGM Resorts (MGM), Spotifty, Transocean (RIG), Western Digital (WDC), and Yum! China (YUMC) will report earnings.

Asian Stocks Mixed as Japan Kicks Off "Golden Week"

Asian markets were mixed today, as Japan kicks off its 10-day "Golden Week" holiday. China’s Shanghai composite dropped 0.8%, following a 5.5% weekly loss last week – its worst since October. Elsewhere, Hong Kong’s Hang Seng was up 1%, while South Korea’s Kospi tacked on 1.7% on a pre-earnings surge from Samsung.

Europe is mostly lower at midday, with investors looking toward this morning’s eurozone data, which showed a 10th straight monthly drop in economic sentiment.  The French CAC 40 and German DAX are both down 0.2%, while the London FTSE 100 is 0.08% higher.

The Dow Jones Industrial Average (DJI) is modestly higher at midday, led by bank stocks, as traders look ahead to a full week of earnings and economic data. In addition, Wall Street is digesting relatively tame inflation data ahead of the Fed's policy meeting, with the central bank widely expected to stand pat on interest rates. Elsewhere, the S&P 500 Index (SPX) hit a new all-time intraday high for the first time since September, with speculators cheering the biggest increase in consumer spending in nearly 10 years last month. The Nasdaq Composite (IXIC) is also higher, after touching its own record peak.

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

• AMC stock is higher on a record box-office weekend.   
• This red-hot tech stock could have room to run.  
• Plus, options bulls jump on Dropbox stock; SOHU enjoys a revenue beat; and Veoneer stock plummets as the company seeks funding. 

Drobox Inc (NASDAQ:DBX) is seeing unusual options volume today, with nearly 14,000 calls across the tape so far -- roughly six times the average intraday volume. For comparison, just over 2,700 DBX puts have changed hands, which is about two times the average. The January 2020 45-strike call appears to be the most popular, with positions being bought to open. DBX is up 0.4% at $24.44 today -- pacing for its seventh day in the black. 

Chinese online media concern Sohu.com Ltd (NASDAQ:SOHU) is near the top of the Nasdaq today, after the company reported  first-quarter revenue that exceeded analysts' expectations. The company also issued stronger-than-expected current-quarter guidance. The security is up 18.2% at $18.18, eyeing its best day in over 10 years. SOHU stock is set to close back atop its 20-day moving average -- a trendline that has acted as a recent ceiling on the charts -- for the first time since February. 

Swedish automaker Veoneer Inc (NYSE:VNE) is toward the bottom of the New York Stock Exchange today, down 15.2% at $22.69, after the firm said it's seeking additional funding to make up for its slowing autonomous car sales. VNE just hit a new record low of $21.52 earlier, and is pacing for its biggest one-day drop in six months. 

Stocks closed higher, with investors digesting gross domestic product (GDP) data that showed the U.S. economy grew 3.2% during the first quarter, well above forecasts. However, upside was contained following a batch of mixed corporate earnings reports, with an Intel (INTC) disappointment dragging on the Dow in early trading, while well-received Amazon.com (AMZN) earnings pushed the Nasdaq and S&P 500 to record-high closes. Though the Dow came up just shy for the week, the other two indexes nabbed weekly wins -- the Nasdaq marking its fifth straight.

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

• The sentiment signal flashing for first time in over a year.
• Analyst: This penny stock could surge 80%.
• Plus, Lyft, PayPal in focus ahead of Uber IPO; 2 weed stocks with new "buy" ratings; and retail stocks reacted to AMZN's one-day delivery news.

The Dow Jones Industrial Average (DJI - 26,543.33) rallied 81.3 points, or 0.3%, for the day. UnitedHealth (UNH) was the best of the 20 Dow gainers, adding 2.7%. Meanwhile, INTC outpaced the 10 losers with its 9% drop. For the week, the Dow shed 0.06%.

The S&P 500 Index (SPX - 2,939.88) added 13.7 points, or 0.5%. The Nasdaq Composite (IXIC - 8,146.40) added 27.7 points, or 0.3%. The indexes gained 1.2% and 1.8% for the week, respectively.

The Cboe Volatility Index (VIX - 12.73) lost 0.5 point, or 3.9%. Week-over-week, the stock market's "fear gauge" added 5.2%.

5 Items on our Radar Today

1. Amid the ongoing measles crisis in the U.S., President Donald Trump weighed in this afternoon, telling reporters citizens "have to get their shots," and that it is "so important." Measles cases have been reported in 22 states, with just under 700 reported cases this year alone, the most since the Center for Disease Control and Prevention (CDC) proclaimed measles eliminated from the U.S. in 2000. (CNBC)
2. Police in Sri Lanka are working to find 140 people believed to be connected to the Easter Sunday attack that involved multiple suicide bombings. Taking the lives of 253 people, the Islamic State claimed responsibility, and prompted the country's government to urge citizens to avoid public places of worship. (Reuters)
3. Lyft, PayPal come into focus ahead of Uber's initial public offering (IPO).
4. Analysts issued new "buy" ratings on these 2 weed stocks.
5. 2 stocks that reacted to Amazon's one-day delivery news.

Data courtesy of Trade-Alert

Oil Falls on Trump, OPEC Controversy

Oil took a hit in today's trading, after Trump said he called the Organization of the Petroleum Exporting Countries (OPEC) and told the cartel, "Gasoline prices are coming down .. you've got to bring them down." The Wall Street Journal, meanwhile, said OPEC did not talk to Trump. June-dated oil lost $1.91, or 2.9%, to close at $63.30 per barrel for the day, and finished down 1.1% for the week -- snapping its longest weekly win streak in five years.

Gold moved higher as the greenback weakened in the wake of this morning's GDP data. June-dated gold added $9.10 or 0.7%, to settle at $1,288.80 per ounce. For the week, gold added 1%.

The S&P 500 kicked off the week with a fresh record high, as investors began gearing up for a busy week of economic and earnings data. Bank stocks were some of the day's best performers, with impressive gains for JPMorgan Chase (JPM) and Goldman Sachs (GS) helping keep the Dow above water, while another strong showing from tech had the Nasdaq touching its own all-time peak.

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

• The best FAANG stock for May. 
• Apple call options are hot ahead of earnings.
• This energy stock got a Game of Thrones call out from one analyst.
• Plus, the drug stock set to double; history points to another Seagate surge; and Snap's latest partnership.

The Dow Jones Industrial Average (DJI - 26,554.39) added 11 points, or 0.04%, for the day. Goldman Sachs (GS) was the best of the 15 Dow gainers, adding 1.9%. Meanwhile, Intel (INTC) outpaced the remaining losers for a second day, with a 2.5% plunge.

The S&P 500 Index (SPX - 2,943.03) eked out 3.2 points, or 0.1%, and touched a fresh intraday high of 2,949.52. The Nasdaq Composite (IXIC - 8,161.85) added 15.5 points, or 0.2%, after hitting an intraday peak of 8,176.08.

The Cboe Volatility Index (VIX - 13.11) gained 0.4 point, or 3%.

5 Items on our Radar Today

1. Per data out of CoreLogic, annual home prices fell last month for the first time in over seven years in the San Francisco Bay Area. The median home cost dropped 0.1% in March, snapping an 83-month streak of consecutive increases. The main culprit is suspected to be the slowdown in home buying, a trend which began in the middle of 2018. (CNBC)
2. Amid several trade wars mounted by the Trump administration, personal income for U.S. farmers fell by $11.8 billion in the first quarter -- the most since 2016. Alongside trade tensions, the low commodity prices and a handful of natural disasters in the Midwest have amplified financial troubles for farmers. (Bloomberg)
3. Bulls bet this drug stock will double.
4. Seagate Technology shares may be ready to surge.
5. Snap calls hot on partnership news.

Data courtesy of Trade-Alert

Oil Inches Higher, Gold Pullsback

Oil moved cautiously higher for the day, bouncing back after last week's rare drop. June-dated crude futures added 20 cents, or 0.3%, to close at $63.50 per barrel.

Gold sank as traders flocked to riskier assets, like stocks, today. June-dated gold dropped $7.30 or 0.6%, to settle at $1,281.50 per ounce.