Dow Jones Industrial Average Futures Pointed Higher, Despite Visa's Drop

4 Stocks Set for a Notable November

by Josh Selway

Published on Nov 2, 2015 at 8:51 AM

After a historic month, the Dow Jones Industrial Average (DJIA) is looking to keep the ball rolling, with futures sitting above fair value. It'll be a data-heavy week on Wall Street, starting today with the Institute for Supply Management's (ISM) manufacturing index, Markit's purchasing managers manufacturing index (PMI), and construction spending all set for release. The week's flood of economic news will culminate with Friday's nonfarm payrolls report, which could provide rate-hike clues. On the earnings front, blue chip Visa Inc (NYSE:V) is set to open lower after missing the Street's bottom-line expectations -- and announcing a big acquisition. 

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

And now, on to the numbers…

151102Futures

Futures on the Dow Jones Industrial Average (DJIA) are 26.5 points above fair value. 


 5 Things You Need to Know Today

 

  1. Weak manufacturing data out of China pressured stocks lower across most of Asia.
  2. The Chicago Board Options Exchange (CBOE) saw 1.1 million call contracts traded on Friday, compared to 680,230 put contracts. The resultant single-session equity put/call ratio inched up to 0.59, while the 21-day moving average slid to 0.69. 
  3. was hot in October, rallying to a record peak of $78.89 last Wednesday. Today, though, the blue chip is set to start lower, after the company announced a third-quarter earnings miss, and a roughly $18 billion deal to buy Visa Europe. V is sitting 2.6% lower ahead of the open. 
  4. Chipotle Mexican Grill, Inc. (NYSE:CMG) is off 5.5% in electronic trading, following news the fast casual diner will close 43 stores in Seattle and Portland due to an E. coli outbreak. The company had already projected a relatively weak quarter.
  5. After Valeant Pharmaceuticals Intl Inc (NYSE:VRX) came under fire for its relationship with Philidor, Express Scripts Holding Company (NASDAQ:ESRX) is reviewing the pharmacy programs of AbbVie Inc (NYSE:ABBV) and Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA)​. ESRX has already cut ties with Philidor. 


151102OV_Buzz


Earnings and Economic Data

 

Today's earnings lineup features Allstate (ALL), American International Group (AIG), Avis Budget Group (CAR), Cardinal Health (CAH), Clorox (CLX), Coeur d'Alene Mines (CDE), Community Health Systems (CYH), Diamond Offshore Drilling (DO), Estee Lauder (EL), Fitbit (FIT), Loews Corp (L), Sysco (SYY), and Zillow (Z). To see what else is coming up on this week's docket, click here


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