July 21, 2016 Market Wrap Up | TVC Trading Education Courses

July 21, 2016 tvcuser Education, Trading CMG, Crude Oil, Earnings, HUM, JAZZ, JOY, KONE, LUV, OPTT, PFPT, PYPL, RLYP, S&P 500, SBUX, VIX, ZFGN

The S&P 500 closed slightly lower today as we treasuries and gold catch a bid. In addition, the Dow Jones Industrials snapped its nine day winning streak. Early in the morning there were two deals announced. First, Komatsu made a bid to buy Joy Global (JOY) for $2.9 billion. The second was in the biotech space; Galencia made a bid to buy Relypsa (RLYP) for $1.53 billion.

Stocks in play today include: Ocean Power Technologies (OPTT) -32%, Kingtone Wirelessinfo (KONE) +325%, Southwest Airlines (LUV) -11%, and Humana (HUM) +8%.

The VIX finally caught a bid today, closing 8% higher at 12.74.

Crude oil futures dropped about 2%, closing below $45 per barrel.

This evening we got earnings out of Paypal Holdings (PYPL) +1.9%, Starbucks (SBUX) -3.2%, Chipotle Mexican Grill (CMG) -1.7%, and Proofpoint (PFPT) +4.8%

On the options front, we saw large call buying activity in Jazz Pharmaceuticals (JAZZ), which traded 14.2 times normal volume. We also saw a ton of bearish bets being placed in Zafgen (ZFGN), which traded 9.6 times usual volume.

Here’s what’s on tap for tomorrow and the rest of the week:

Key Earnings:
21 July 2016- ALK, BBT, BIIB, BK, BX, DAN, DHI, DNKN, DPZ, DOV, GM, HBAN, JCI, LUV, PHM, UN, UNP, AMD, CMG, ATHN, COF, FLEX, P, SBUX, SLB, SWKS, SYK, T, V
22 July 2016- GE, HON, SWK, SWN, SYF, TXT, VFC, WHR

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April 7, 2016 Market Wrap Up

April 7, 2016 tvcuser Education, Trading Crude Oil, ENDP, MMS, RLYP, ROST, S&P 500, TSLA, USO, VIX, VRX

The market continues to have a rough week thus far. Overall, the S&P 500 was down 1.2%, the Nasdaq -1.47%, and the Dow Jones Industrials -0.98%. Whether it’s profit taking ahead of earnings, or an overbought sentiment that caused the selling today, it’s still too early to say.

The VIX saw another spike today, closing up nearly 15%, at 16.16.

Despite weakness in the equity markets, crude oil was relatively stable. The United States Oil Fund (USO) was down less than one percent, however; it’s pared almost half those losses in the after hours session.

On the options front, we saw large call buying activity in Endo International (ENDP). In addition, we saw heavy put buying in Ross Stores, Inc. (ROST), which saw 14.7 times usual options volume.

Stocks in play included: Valeant Pharmaceuticals (VRX) +3.92%, Maximus, Inc. (MMS) -8%, Relypsa, Inc. (RLYP) +68%, and Tesla Motors (TSLA) -3.1%

There are no major domestic events scheduled for tomorrow.