Dow Muscles North; Chinese Data Sparks Stimulus Hopes

2 Stocks Popping on M&A Chatter

May 4, 2015 at 8:33 AM
facebook twitter linkedin

The Dow Jones Industrial Average (DJIA) is sitting solidly higher -- looking to build off of Friday's momentum -- ahead of a number of speeches from central bank officials. Specifically, Chicago Fed President Charles Evans will deliver a keynote address at the annual meeting of the Columbus Economic Development Board, while San Francisco Fed President John Williams will discuss job creation. Also, factory orders are due out later this morning -- and traders are currently digesting the latest manufacturing data out of China, where the Shanghai Composite closed comfortably higher to start the week.


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


And now, on to the numbers…


Futures on the Dow Jones Industrial Average (DJIA) are nearly 65 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.03 million call contracts traded on Friday, compared to 629,136 put contracts. The resultant single-session equity put/call ratio dropped to 0.61, while the 21-day moving average edged up to 0.64. 





Currencies and Commodities


  • The U.S. dollar index is up 0.3% at 95.53.
  • Crude oil is 0.6% higher to trade at $59.52 per barrel.
  • Gold has advanced 0.6% at $1,181.40 per ounce. 



Earnings and Economic Data


The week starts off with factory orders. Showing their earnings power will be Anadarko Petroleum (APC), Array Biopharma (ARRY), Avis Budget (CAR), Cablevision Systems (CVC), Comcast (CMCSA), Denny's (DENN), Diamond Offshore Drilling (DO), EOG Resources (EOG), EXACT Sciences (EXAS), Integrated Device Technology (IDTI), InvenSense (INVN), Loews (L), MGM Resorts (MGM), Murphy USA (MUSA), Sysco (SYY), Tyson Foods (TSN), XPO Logistics (XPO), and Westlake Chemical (WLK). To see what else is on this week's agenda, click here.


Overseas Trading


Asian markets ended mostly higher, as weak economic data out of China ramped up expectations for additional stimulus measures. Specifically, China's Shanghai Composite jumped 0.9%, after the HSBC final purchasing managers index (PMI) revealed the factory sector's fastest rate of contraction in a year. Elsewhere, South Korea's Kospi gained 0.2% and Hong Kong's Hang Seng slipped 0.03%, while Japan's Nikkei was closed for holiday.


European benchmarks were last seen sharply higher, as negotiations between Greece and its lenders reportedly progressed during a weekend meeting. The French CAC 40 and German DAX are currently up 1.1% and 1.3%, respectively. London's FTSE 100 is shuttered for holiday.



Unusual Put and Call Activity






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 Investment Research Master Portfolio Trial


Special Offers from Schaeffer's Trading Partners