Schaeffer's Top Stock Picks for '25

Stocks Close Mixed; Oil, Boeing in Focus

Oil closed at its highest point since October

Managing Editor
Apr 22, 2019 at 4:31 PM
facebook X logo linkedin


Stocks closed mixed in today's trading. The Dow chalked up a loss, after heavyweight Boeing (BA) stock dropped on a critical New York Times report. Losses were limited, though, as blue-chip energy stocks Exxon Mobil (XOM) and Chevron (CVX) surged with oil prices, after Secretary of State Mike Pompeo tweeted the U.S. will make no exceptions on waiving sanctions for Iranian oil imports. Against this backdrop, the S&P 500 closed above breakeven, while the Nasdaq eked out a modest gain ahead of an onslaught of corporate earnings reports due out this week.

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

The Dow Jones Industrial Average (DJI - 26,511.05) lost 48.5 points, or 0.2%. UnitedHealth (UNH) was the top Dow gainer, adding 2.4%. Meanwhile, Nike (NKE) paced the 18 losers with a 2% drop.

The S&P 500 Index (SPX - 2,907.97) scraped together 2.9 points, or 0.1%, while the Nasdaq Composite (IXIC - 8,015.27) tacked on 17.2 points, or 0.2%, moving back above its notable 8,000 mark.

The Cboe Volatility Index (VIX - 12.42) added  0.3 point, or 2.7%.

closing indexes summary april 22

nyse and nasdaq stats april 22

5 Items on our Radar Today

  1. Abigail Disney, granddaughter of Walt Disney (DIS) co-founder Roy O. Disney, stated that current CEO Bob Iger's fiscal 2018 compensation is "insane" at the Fast Company Impact Council last Thursday. The heiress' words follow a recent study from Equilar that found Iger's pay to be 1,424 times that of the company's median employee. (CNBC)
  2. As Starbucks (SBUX) continues to expand into the Chinese market, rival Luckin Coffee Inc., today filed for its U.S. initial public offering (IPO). With plans to debut under the ticker LK on the Nasdaq, the coffee chain is home to 2,370 shops in China. (MarketWatch)  
  3. Analysts say buy the dip on these biotechs.
  4. Coca-Cola stock might see more downside after earnings.
  5. Dillard's stock driven lower by a downgrade.

corporate earnings april 22

unusual options activity april 22

Data courtesy of Trade-Alert

Gold, Oil Mark Notable Daily Wins

Oil moved higher after the U.S. committed to ending waivers on Iran crude imports, even as President Donald Trump tweeted "Saudi Arabia and others in OPEC will more than make up the Oil Flow difference." May-dated crude added $1.70 cents, or 2.7%, to settle at $65.70 per barrel -- its highest close since October.

A weaker dollar helped push gold higher. After slumping to its fourth straight weekly loss last week, June-dated gold gained $1.60, or 0.1%, to close at $1,277.60 per ounce.


 
 

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'));