2 Biotechs Expected to Double

The S&P and Nasdaq closed higher despite a down day for Netflix

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MARKET RECAP     7/18/2019
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IBM, Williams Help Dow Avoid Third Straight Loss By Karee Venema Share On The Dow explored a 198-point range on both sides of breakeven today, with the blue-chip index ultimately avoiding a third straight loss thanks to a post-earnings pop for IBM (IBM). Gains for the Dow were modest, though, as a disappointing revenue forecast pressured UnitedHealth (UNH) stock. The S&P and Nasdaq managed to muscle to a win, too, even with a negative earnings reaction for Netflix (NFLX). The FAANG stock sank 10% today to log its longest losing streak since mid-May, down six days straight. Bolstering stocks in late-session trading were dovish comments from New York Fed President John Williams, who said the central bank should "act quickly" on a rate cut. Continue reading for more on today's market, including: What the options market is expecting after American Express earnings. Deutsche Bank thinks these 2 biotechs will double. Signal says it's time to gamble on this casino stock. Plus, another bear note for Tiffany sparked heavy put volume; how options traders are preparing for Cleveland-Cliffs earnings; and the weed stock hit with a negative analyst note. >> Continue reading...
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