Dow Jones Industrial Average Sluggish After Long Weekend; TWC Purchased

Why These 2 Stocks Soared to New Heights

May 26, 2015 at 8:32 AM
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The Dow Jones Industrial Average (DJIA) is attempting to battle back from Friday's losses, and at last check, was slightly higher following the long holiday weekend. Durable goods orders and a raft of housing data are due out this morning -- the start in a series of economic reports scheduled this week, culminating with the preliminary first-quarter gross domestic product (GDP) reading on Friday. In other news, Charter Communications, Inc. (NASDAQ:CHTR) announced it will purchase Time Warner Cable Inc (NYSE:TWC) for roughly $55 billion, following recent speculation.

 

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

 

And now, on to the numbers…

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Futures on the Dow Jones Industrial Average (DJIA) are roughly 9 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 758,622 call contracts traded on Friday, compared to 488,171 put contracts. The resultant single-session equity put/call ratio dropped to 0.64, while the 21-day moving average remained at 0.64.

Volatility Indexes

Market Data

 

Currencies and Commodities

  • The U.S. dollar index is up 0.9% at 96.86.
  • Crude oil has slipped 0.5% to trade at $59.40 per barrel.
  • Gold is off 0.8% at $1,195.80 per ounce.

 

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Earnings and Economic Data

 

Today's docket includes durable goods orders, the S&P/Case-Shiller home price index, new home sales, the Conference Board's consumer confidence index, and the Dallas Fed manufacturing survey. AutoZone (AZO), TiVo (TIVO), and Workday (WDAY) will tell all in the earnings confessional. To see what else is on this week's agenda, click here.

 

Overseas Trading

 

Asian markets rallied on reports China will begin recognizing Hong Kong-based mutual funds -- and vice-versa -- effective Wednesday, July 1. In addition, Beijing announced more than 1,000 new infrastructure projects and a reduction in certain import duties, helping the Shanghai Composite to a 2% surge -- and a new seven-year high. Hong Kong's Hang Seng, meanwhile, added 0.9%. Elsewhere, Japan's Nikkei inched 0.1% higher for a 15-year closing peak, while South Korea's Kospi edged 0.1% lower.

 

European stocks are mixed, amid concerns of an impending Greek default and the latest round of earnings. At last check, the French CAC 40 is up 0.4%, while London's FTSE 100 and Germany's DAX are down 0.2% and 0.3%, respectively.

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Unusual Put and Call Activity

 

Unusual Put Activity

Unusual Call Activity


 


 

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