Snap Options Traders Eyed This Level Ahead of Earnings

Schaeffer's Market Recap

U.S. and China trade negotiators are expected to meet in person next week

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Market Recap
 
 

7/23/2019

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Stocks End Higher on Earnings, U.S.-China Trade Buzz

By Karee Venema

Share On

Stocks jumped into positive territory out of the gate, as Wall Street cheered a round of upbeat earnings reports. Blue-chip drink maker Coca-Cola (KO) and "Avengers" toymaker Hasbro (HAS) were two notable winners, surging 6% and 10%, respectively, on the back of the companies' second-quarter profit beats. Upbeat U.S.-China trade headlines helped strengthen tailwinds into the close, with the Dow, S&P, and Nasdaq all notching big gains on reports in-person talks between the two countries will resume next week.

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

  • The level Snap options traders targeted ahead of earnings.
  • Signal says Target could bounce before earnings.
  • Plus, Yeti popped on a new price target; 3 tech stocks that could make major moves; and the food stock ripe for a bearish options trade.
>> Continue reading...
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