China, JPMorgan Chase Boost Dow Jones Industrial Average Futures

Is the Retail Crowd Signaling a "Buy"?

Apr 13, 2016 at 9:11 AM
facebook twitter linkedin


Dow Jones Industrial Average ​​(DJIA) futures are signaling another bullish start, trading above fair value thanks to solid Chinese trade data and an initial positive earnings reaction for Dow stock JPMorgan Chase & Co. (NYSE:JPM). This pair of upbeat developments is helping to overshadow disappointing retail sales, which unexpectedly dropped in March. Elsewhere on the economic front, the Labor Department said its producer price index (PPI) -- a key inflation measure watched by the Fed -- slipped 0.1% in March. Against this backdrop, Dow futures are 75 points above fair value.

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

Dow futures April 13

Futures on the Dow Jones Industrial Average (DJIA) are 75 points above fair value.

5 Things You Need to Know Today

 

  1. Chinese exports swung higher in March for the first time since last year -- boosting global markets.
  2. The Chicago Board Options Exchange (CBOE) saw 726,756 call contracts traded on Tuesday, compared to 526,897 put contracts. The resultant single-session equity put/call ratio jumped to 0.72, while the 21-day moving average edged up to 0.70.
  3. JPMorgan Chase & Co. posted better-than-expected per-share earnings and revenue, sending the financial stock 2.6% higher in pre-market trading -- which could potentially burn options bears.
  4. Verizon Communications Inc. (NYSE:VZ) -- which is included on Yahoo! Inc.'s (NYSE:YHOO) long list of potential suitors -- wireline workers hit the picket lines today, after the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers failed to reach a labor agreement. Nevertheless, shares of the telecommunications concern are up 0.3% ahead of the bell.
  5. It's the end of the road for Peabody Energy Corporation (NYSE:BTU), with the coal company saying it has filed for Chapter 11 bankruptcy protection. BTU warned of insolvency in mid-March, amid the stock's epic fall from grace.

 Buzz Stocks April 13

Earnings and Economic Data

A busy day for economic reports continues with the February business inventories report, the weekly crude inventories update, and the release of the Fed's Beige Book. Earnings from Pier 1 Imports (PIR) are due. To see what is coming up next on this week's schedule, click here

Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check
 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

SCHAEFFER'S JULY STOCKS REPORT AD
 


 


 
Special Offers from Schaeffer's Trading Partners