Analyst: Scoop Up These 2 Wall Street Newcomers

Schaeffer's Midday Market Check

The SPX has reclaimed the 3,000 level

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Midday Market Check
 
 

7/12/2019

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Dow, S&P Nab More Record Highs

By Patrick Martin

Share On

The Dow Jones Industrial Average (DJI) is heading toward its third straight win and second straight triple-digit gain to close out a record-setting week. The blue-chip index already nabbed another fresh intraday record high earlier today, as optimism regarding a Fed rate cut builds. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are confidently higher as well, with the former reclaiming the 3,000 level while nabbing another record of its own. All three indexes are on track to lock up solid weekly wins. 

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

  • Ford stock is higher on a big Volkswagen partnership.
  • Analyst: Scoop up these 2 Wall Street newcomers.
  • Plus, calls pop as General Motors stock climbs; Under Armour eyes annual highs; and Eli Lilly slips with biotechs.
>> Continue reading...
LATEST HEADLINES

>> Facebook Put Traders Target $200 Level After Trump Tweets
Weekly options trading has picked up on FB
>> 2 Bank Stocks Downgraded Before Earnings
Both Citi and BMO see headwinds for banks from potential Fed rate cuts
>> Citigroup Put Open Interest Elevated Before Earnings
Cititgroup has been climbing higher on the charts
>> ILMN Stock Set for Worst Day in Years on Revenue Bust
Illumina also lowered its full-year revenue growth forecast
>> Weak Guidance Grounds Spirit Airlines Stock
Analysts remain quite bullish on SAVE, though
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