This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Derivative Plays For GDP Disappointment:

Stocks in this article: GLD

NEW YORK ( TheStreet) -- Investors on sought protection in gold and currency hedges Wednesday after the government released GDP estimates that signaled the U.S. recovery may be faltering.

$GLD $GDX just amazing how manipulated gold is. buy as much as you can. Dollar crashing today. GDP #'s very weak. market at ATH. Mr_Derivatives (@Mr_Derivatives) Apr. 30 at 09:25 AM

Real gross domestic product grew 0.1% in the first quarter of 2014 from the prior three months, according to advanced estimates released Wednesday by the Bureau of Economic Analysis. That number fell far short of the 1.1% forecast by many economists. And it looked particularly anemic in the face of the 2.6% growth seen in the last three months of 2013.

The StockTwits advanced search bar, currently in beta testing, showed investors discussing GDP also talked about adding to gold positions and buying pounds.

@jamesgrant Gold is safe. GDP horrible $JNUG ? JuztaCommon (@JuztaCommon) Apr. 30 at 10:41 AM

The British pound hovered near multi-year highs against the dollar after the U.S. advance GDP release. Gold, however, edged lower. SPDR Gold Shares  (GLD) an ETF that tracks the price of the yellow metal, fell 0.26% by 11a.m.

Surprisingly to some investors, the S&P 500 and the Dow were near flat after the report.

$SPY if bulls come out of this with a win today I really will be shocked. Hard not to be emotional about a GDP print like that. ? J. Scales (@Scaletrader) Apr. 30 at 10:21 AM

StockTwits' users attributed the lack of negative stock response to expectations that the Federal Reserve would change its policy of reducing monthly bond purchases that stimulate the economy. Many expected the FOMC announcement at 2p.m. to have dovish language, or even more outright suggestions that stimulus reductions should be halted until U.S. economic growth is on sounder footing.

$ES_F $SPY $SLV $GLD Only question now is how dovish yellen will be.They get GDP data in advance, so odds of hawkish statement today near 0 ? M Rush (@panamaorange) Apr. 30 at 10:13 AM

@M5amhan Today's candle or the first 45m candle? Lots if action ahead. Yellen may hold taper this month after crappy GDP print. Who knows?

? Brian Anderson (@briander81) Apr. 30 at 10:07 AM

At the time of publication the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs