Schaeffer's Top Stock Picks for '25

Dow Jones Industrial Average, S&P On Track for Weekly Losses

Mark Cuban: This FANG Stock Has 'Enormous' Potential

May 12, 2017 at 12:02 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) is sticking to its narrow trading range today, though all of the action has occurred to the downside. Retail stocks have remained in the spotlight, after the latest round of earnings and April retail sales data. Meanwhile, following this morning's inflation data, Chicago Fed President Charles Evans said he "could see two more rate increases this year," but he'd be "very surprised" if it was more. While the Dow and S&P 500 Index (SPX) are on pace for weekly losses, though, the Nasdaq Composite (COMP) has edged into positive territory, and is poised for a fourth consecutive weekly win.

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

  • This super-leveraged gold trade is heating up.
  • Mark Cuban: This FANG stock has "enormous" global growth potential.
  • Plus, JCP options bears cash in; the tech stock up 25%; and Cyberark guidance disappoints.
  • Schaeffer's Top 5 Trading Education Topics, Day 5: Plan your optimal exit strategy by brushing up on Options Expiration, Assignment, and Exercise.

midday market stats may 12

Among the names with accelerated options activity is J C Penney Company Inc (NYSE:JCP), with nearly 85,000 contracts on the tape, or six times the expected intraday pace. JCP stock is down 9.5% at $4.79 after earnings -- fresh off a record low of $4.73, and short-sale restricted -- and puts are outnumbering calls 2-to-1. Most of the action has centered at the weekly 5/12 5-strike put, where some options traders seem to be selling to close their in-the-money positions.

Trade Desk Inc (NASDAQ:TTD) is one of the biggest gainers on the Nasdaq, after the tech company's strong earnings was met with applause from the brokerage bunch. At last check, TTD stock was trading up 24.8% at $49.80, after earlier hitting a record peak at the round $50 mark.

ttd stock daily chart may 12

Cyberark Software Ltd (NASDAQ:CYBR) is one of the leading laggards on the Nasdaq, with the shares down 10% at $49.60. CYBR stock is getting smacked by the cybersecurity firm's disappointing current-quarter guidance, and is now on track to close below its 50-week moving average for just the second time in 2017.

 
 

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'));