Dow Jones Industrial Average Futures Off As Earnings Season Rages On

Earnings Season: Buy & Hold… or Hit the Bricks?

by Josh Selway

Published on Apr 22, 2015 at 8:41 AM

After stumbling in the second half of yesterday's session, the Dow Jones Industrial Average (DJIA) looks poised to start the day in the red. For the first time all week, traders will have some economic data to take in, with the release of existing home sales this morning, as well as the latest data on crude inventories. Still, earnings continue to dominate investors' focus -- especially today, with several huge names sharpening their earnings blade.

And now, on to the numbers...

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Futures on the Dow Jones Industrial Average (DJIA) are 32.6 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 791,276 call contracts traded on Tuesday, compared to 505,138 put contracts. The resultant single-session equity put/call ratio jumped back up to 0.64, while the 21-day moving average remained right at 0.63.

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Currencies and Commodities

  • The U.S. dollar index is down 0.4% at 97.67.
  • Crude oil is moving lower still, down 0.8% to trade at $56.17 per barrel.
  • Gold is off slightly, dropping 0.04% at $1,202.60 per ounce.

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Earnings and Economic Data

Existing home sales and weekly crude inventories are due out Today. Boeing (BA), Coca-Cola (KO), AT&T (T), Facebook (FB), Qualcomm (QCOM), Abbott Laboratories (ABT), Angie's List (ANGI), Cheesecake Factory (CAKE), Citrix Systems (CTXS), D.R. Horton (DHI), eBay (EBAY), EMC Corporation (EMC), F5 Networks (FFIV), O'Reilly Automotive (ORLY), Owens Corning (OC), St. Jude Medical (STJ), T. Rowe Price (TROW), Texas Instruments (TXN), Thermo Fisher Scientific (TMO), Tractor Supply Company (TSCO), and Xilinx (XLNX) will step into the earnings spotlight. To see what else is on this week's agenda, click here.

Overseas Trading

It was a good day for Asian bourses. In fact, China's Shanghai Composite boomed 2.5% to touch its highest levels since 2008, while Japan's Nikkei hit 15-year-highs, finishing 1.1% higher on well-received trade data. Hong Kong's Hang Seng ended up 0.3%, and like yesterday, South Korea's Kospi was the sole loser, falling 0.04%.

Stocks in Europe are having a rougher go of it, with indexes seeing a clean sweep of losses at midday after the latest round of earnings. Germany's DAX is down the most, giving back 0.9%, with London's FTSE 100's 0.6% loss not too far behind. France's CAC 40 has fallen 0.4%.

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Unusual Put and Call Activity

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