Analyst: Sell This Shipping Stock

Oil prices are reeling on comments from President Trump

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Midday Market Check
 
 

4/26/2019

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Dow Fights for Gains as Traders Weigh Earnings, GDP

By Lillian Currens

Share On

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. 
>> Continue reading...
LATEST HEADLINES

>> Amazon Options Hot After Earnings Win
At least nine analysts raised their Amazon price targets overnight
>> Uber IPO Update Puts Lyft, PayPal Stocks in Focus
Uber is expected to go public in early May
>> 2 Weed Stocks to Buy Now, Analysts Say
Edibles and the entry of major retail players should push pot into the mainstream
>> Dismal Forecast Has Intel Stock Falling Fast
INTC is on track for its worst day since July
>> Analyst: Sell FedEx on Macro Risk
The brokerage firm also slashed its FDX price target
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