Cisco Earnings Reaction Pressures Stocks
Trump chimed in on Walmart earnings
The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are trading lower today, retreating from Wednesday's record-high closes. Growing concerns surrounding U.S.-China trade negotiations, as well as a negative earnings reaction for Cisco Systems (CSCO) stock, is creating headwinds, though losses are modest on Walmart's (WMT) post-earnings pop -- with the mega-retailer's third-quarter results drawing a congratulatory tweet from President Donald Trump.
Continue reading for more on today's market, including:
Behind one tech stock's breakout session.The Mustang buzz fueling upside for Ford stock.Plus, bulls blitz surging penny stock; Dillard's booms on same-store sales; and a spiraling coal stock.
FuelCell Energy Inc (NASDAQ:FCEL) is seeing unusual options volume today, with nearly 12,000 contracts exchanged -- 14 times what's typically seen at this point, and pacing in the 100th annual percentile. The November 1 call is most active, and it's possible new positions are being purchased here. At last check, FCEL stock was up 7.7% at $0.87, and has now nearly doubled since the fuel cell specialist said it would resume earnings calls and will give a strategy update early next year.
Dillard's, Inc. (NYSE:DDS) is near the top of the S&P 500 today, after the department store chain reported better-than-anticipated third-quarter same-store sales. At last check, DDS stock is up 13.6% at $77.03 -- bouncing sharply off its 200-day moving average, and approaching its July 22 annual high of $86.50.
Contura Energy Inc (NYSE:CTRA) is one of the worst S&P stocks at midday, down 42.8% at $10.45, fresh off a record low of $10.14. The coal supplier swung to a loss in the third quarter, slashed its full-year coal shipment guidance, and suspended future repurchase activities.