Schaeffer's Top Stock Picks for '25

Dow Jones Industrial Average Struggles for Gains; All Eyes on Oil

How Taylor Swift is Burning Bears; Plus, GoPro's New Low

Feb 4, 2016 at 12:08 PM
facebook X logo linkedin


Continuing the trend of big intraday swings, the Dow Jones Industrial Average (DJIA) has explored a range of more than 200 points on both sides of breakeven. The index was last seen modestly higher, as traders keep an eye trained on oil prices. March-dated crude futures made a valiant effort to shrug off early losses, but were last seen 1.6% lower at $31.78 per barrel. In addition, Wall Street is weighing a round of discouraging economic data. Specifically, U.S. labor productivity suffered its biggest drop since early 2014, weekly jobless claims rose more than expected, and factory orders slid for the fourth month in five.

Continue reading for more on today's market -- and don't miss:

 

160204mmc

Among the stocks with unusual call volume is medical device maker Boston Scientific Corporation (NYSE:BSX), as the contracts are crossing at 19 times the usual intraday clip. One of the most active strikes is the at-the-money May 17 call, which is seeing buy-to-open action. At last check, BSX is 4% lower at $17.02 after the company reported lackluster quarterly sales.

One of the top performers on the Nasdaq today is Solaredge Technologies Inc (NASDAQ:SEDG), following an earnings beat and a raft of upbeat analyst attention. At last check, the solar stock is up 8.9% at $29.89.

160204sedg

Among the leading losers on the Big Board is retailer Kohl's Corporation (NYSE:KSS), down 15.9% at $43.01. Weighing on the shares is the company's cut to its 2015 profit forecast, due to weak holiday sales and "significantly" lower gross margins.

The CBOE Volatility Index (VIX) is up 0.5 point, or 2.2%, at 22.12.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.10, with puts narrowly outpacing calls. Currently, SPY is down 0.2 point, or 0.1%, at $191.07.
 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));