Schaeffer's Top Stock Picks for '25

Third Straight Record High for Dow Jones Industrial Average

The Signal Suggesting the Trump Rally Could Stall

Feb 13, 2017 at 4:25 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) spent the day trading higher, notching a new record high for the third straight day, and finishing with a triple-digit win. Investors are still eagerly awaiting details of the forthcoming tax plan recently touted by U.S. President Donald Trump, who today met with Canadian Prime Minister Justin Trudeau amid promises to strengthen trade relations. Traders are also looking ahead to a handful Fed speeches tomorrow, including testimony from Fed Chair Janet Yellen. Elsewhere, the S&P 500 Index (SPX) and Nasdaq Composite (COMP) also notched new all-time intraday highs, as finance and tech stocks took flight, with the SPX breaking through the $20 trillion market cap.

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

  • The signal suggesting the Trump rally could stall.
  • 5 reasons we didn't trade United Parcel Service, Inc. (NYSE:UPS) stock options
  • 2 key technical levels options traders are watching for Vale SA (ADR) (NYSE:VALE) and Micron Technology, Inc. (NASDAQ:MU).
  • Plus, an "unlimited" price war, 2 solar stocks on deck for earnings, and the latest Icahn rumors.

The Dow Jones Industrial Average (DJIA 20,412.16) notched an all-time high of 20,441.48, ending the day 0.7% higher, adding 142.8 points. Of the 25 Dow winners, Caterpillar Inc. (NYSE:CAT) enjoyed the biggest gains, adding 2.3%, while the five Dow losers were led by Verizon Communications Inc. (NYSE:VZ), which dropped 0.9%.

The S&P 500 Index (SPX - 2,328.25) also notched a new all-time high of 2,331.58, adding 0.5%, or 12.2 points, for the day. The Nasdaq Composite (COMP - 5,763.96) rounded out the all-time highs, tapping 5,770.99, and finishing the day with a gain of 0.5%, or 29.8 points.

The CBOE Volatility Index (VIX - 11.07) rose 0.2 point, or 2%.

Indexes closing summary February 13
NYSE and NASDAQ stats February 13

5 Items on Our Radar Today

  1. DuPont (NYSE:DD) and Chemours Co (NYSE:CC) each agreed to pay $335.4 million to settle a personal injury lawsuit stemming from toxic chemical exposure accusations. CC and its former parent company, DD, both surged after news of the settlement broke, with CC touching a new record high. (MarketWatch)
  2. According to unnamed sources, Burger King parent Restaurant Brands International Inc (NYSE:QSR) is reportedly pursuing Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI), sending the shares of the M&A target up 7.2%. (Reuters)
  3. Icahn rumors had option bulls setting their sights on Gilead Sciences, Inc. (NASDAQ:GILD).
  4. The "unlimited" price war weighing on these telecom stocks.
  5. solar stocks to watch ahead of earnings.

Quarterly Earnings February 13
Unusual Options Activity February 13
Data courtesy of Trade-Alert

Commodities

March-dated crude futures fell 93 cents, or 1.7%, to end the day at $52.93 per barrel, as concerns about rising U.S. output weighed on oil prices. It was black gold's first loss in four sessions.

April-dated gold futures fell for the third straight session, shedding $10.10, or 0.8%, to close at $1,225.80 per ounce, pressured by a rising U.S. dollar and strong U.S. stock markets.

Get your daily dose of Dow futures, stock news, and more with Schaeffer's Opening View.

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

10 Stock Picks FREE
 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter