economy
Wednesday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session
The S&P 500 and Nasdaq Composite fell in Tuesday's trading as chip stocks went back to their losing ways.
TL;DR
- Oracle reports earnings after the bell Wednesday; the implied move is 12%, with call buying outpacing puts 2 to 1.
- Jim Cramer likes drug stocks, and the S&P Health Care sector was up Tuesday, with S&P Pharma, Biotech and Life Sciences Industry up 8.6% in the last month.
- Target shares are up 52% from the November low, up 2% on Tuesday but down 5% from the April 21 high.
- The iShares MSCI Italy ETF (EWI) hit a new high Tuesday, ending the day up 1.5% and up 11% in three months.
- Trulieve (TRLV) will be the first U.S. cannabis company listed on the NYSE; the stock hit a new high Tuesday morning before falling 11%, though it remains up 24% in June.