Dow Jones Industrial Average Futures Edge Higher on Mixed Data

Why Next Week Is Crucial for Stocks

Nov 25, 2015 at 9:02 AM

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Dow Jones Industrial Average (DJIA) futures are pointed higher this morning, as Wall Street mulls a raft of data that just dropped ahead of tomorrow's Thanksgiving holiday. Specifically, durable goods orders rose a much better-than-expected 3% last month, weekly jobless claims fell more than forecast, and personal spending inched up just 0.1%, coming up short of the consensus estimate. Elsewhere, after oil stocks led the Dow higher on Tuesday, traders are digesting early losses for crude futures -- as well as major post-earnings moves from a pair of big-cap stocks.

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

Schaeffer's Senior Quantitative Analyst Rocky White explains what next week's price action can tell us about the where the market is headed.
3 stocks fresh off a big earnings boost.
Is this blue-chip retailer destined for even higher highs?

And now, on to the numbers…

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Futures on the Dow Jones Industrial Average (DJIA) are almost 33 points above fair value.

5 Things You Need to Know Today

Geopolitical tensions stemming from the downing of a Russian warplane weighed on stocks in Asia, while reassuring words from Turkish President Tayyip Erdogan are boosting European markets.
The Chicago Board Options Exchange (CBOE) saw 618,712 call contracts traded on Tuesday, compared to 414,932 put contracts. The resultant single-session equity put/call ratio rose to 0.67, while the 21-day moving average remained at 0.70.
Deere & Company (NYSE:DE) is set to surge 4.7% at the open, following the farming equipment firm's better-than-expected quarterly results. On the flip side, HP Inc (NYSE:HPQ) is bracing for a 8.6% drop after the tech giant reported disappointing earnings and revenue, and also cut its full-year profit guidance. This represents a change of pace for HPQ, which has had a nice run on the charts since separating from Hewlett-Packard Enterprise Co (NYSE:HPE) in early November.
SolarCity Corp (NASDAQ:SCTY), which got whacked last month following an earnings miss, is bracing for a 1.9% drop after Chief Financial Officer Brad Buss announced plans to retire early next year. In related news, SCTY has named its chief operating officer -- and former Vivint Solar Inc (NYSE:VSLR) CEO -- Tanguy Serra as its new president.
Chipotle Mexican Grill, Inc. (NYSE:CMG) isn't the only company battling E. coli. News broke late yesterday that 19 people have been infected by the disease after eating chicken salad from Costco Wholesale Corporation (NASDAQ:COST), sending the retailer's stock down 0.3% ahead of the bell.

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Earnings and Economic Data

Today will bring the latest new home sales report, plus the Thomson Reuters/University of Michigan consumer sentiment index and the regularly scheduled crude inventories data. To see what else is on this week's agenda, click here.

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