Wal-Mart Earnings Have Dow Jones Industrial Average Shooting for New Records

Wal-Mart Stores, Inc. is poised for a 2% post-earnings pop

by Karee Venema

Published on Nov 13, 2014 at 8:20 AM
Updated on Apr 20, 2015 at 5:32 PM

Following yesterday's breather, the Dow Jones Industrial Average (INDEXDJX:DJI) is once again aiming for new record highs, thanks to a strong earnings report from blue-chip component Wal-Mart Stores, Inc. (NYSE:WMT). Quarterly results from retailer J C Penney Company Inc (NYSE:JCP) could also garner their fair share of attention, with the equity poised to plunge more than 6% right out of the gate. Elsewhere, weekly jobless claims, as well as speeches from a pair of Federal Reserve officials -- including one from Fed Chief Janet Yellen, slated for 12:45 p.m. ET -- will be in focus.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are nearly 40 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.21 million call contracts traded on Wednesday, compared to 733,384 put contracts. The resultant single-session equity put/call ratio fell to 0.61, while the 21-day moving average dropped to 0.64.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

Currencies and commodities

Earnings and Economic Data

Weekly jobless claims come out today, along with the Labor Department's Job Openings and Labor Turnover Survey (JOLTS), the Treasury budget, and the weekly crude inventories update. WMT, Applied Materials (AMAT), Kohl's (KSS), Nordstrom (JWN), SINA (SINA), Tyco (TYC), Viacom (VIAB), Weibo (WB), and Youku Tudou (YOKU) will step into the earnings confessional.

Overseas Trading

Asian markets landed on both sides of breakeven today. Japan's Nikkei outperformed its peers with a 1.1% rally amid optimism over reports of a delayed sales tax hike and upcoming snap election, as well as a strong reading on core machinery orders. China's Shanghai Composite, meanwhile, gave back 0.3% following weaker-than-forecast reports on industrial production and retail sales. Elsewhere, Hong Kong's Hang Seng added 0.3%, while South Korea's Kospi broke its five-session winning streak to finish 0.3% lower.

European bourses are higher at midday, thanks to a round of upbeat earnings reports. Adding to the bullish bias is a batch of better-than-expected inflation data throughout the region. However, traders are keeping a cautious eye trained on Ukraine, as reports surface Russian troops have re-entered the country. Against this backdrop, the German DAX is flirting with a 0.6% gain, the French CAC 40 is up 0.3%, and London's FTSE 100 has tacked on 0.2%.

Overseas markets

Unusual Put and Call Activity:

For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations.

Unusual options activity - puts

Unusual options activity - calls

A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!



NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories

Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.
Spotify Stock Shaky as Amazon Eyes Podcasts
Amazon's interest in podcasts puts SPOT in focus
AZO Shifts Higher After Earnings
AutoZone's fiscal third-quarter results beat estimates
One New Company Looks Ready To Clean Up On China’s Lithium Mess
Click to continue to advertiser's site.