Stock's Bull Signal Hasn't Been Wrong in 3 Years

Schaeffer's Market Recap

FB and MSFT saw big post-earnings gains

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Market Recap
 
 

4/25/2019

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Tech Stocks Take Nasdaq Higher; Dow Sinks With 3M

By Emma Duncan

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The Dow was down 286 points at its intraday low, pressured by a stiff post-earnings loss for 3M (MMM) -- which suffered its worst day since Black Monday, shedding nearly 13%. The blue-chip index pared most of these losses by the close, but still settled in negative territory alongside the S&P 500. The Nasdaq, meanwhile, was just shy of a record closing high, but hit an all-time intraday peak as tech earnings took center stage. Specifically, Facebook (FB) benefited from a post-earnings bull gap, while Microsoft (MSFT) also surged after earnings, and briefly topped the $1 trillion market cap in response.

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

  • This stock's buy signal hasn't been wrong in 3 years. 
  • How options traders are positioned ahead of Alphabet earnings.
  • This underloved stock just made call traders quick cash.
  • Plus, this airline stock just flashed a sell signal; PayPal, Visa flooded with post-earnings bull notes; and puts were hot on this sinking shipping stock.
>> Continue reading...
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