Dow Jones Industrial Average Futures Point to Big Weekly Win

Inside an "Impossible" VIX Settlement

by Josh Selway

Published on Nov 20, 2015 at 9:02 AM

The Dow Jones Industrial Average (DJIA) looks ready to close a strong week in the black. There's little on the data front to bring down the big-cap barometer, though traders will keep an eye trained on plunging commodity prices. Also in focus will be two more speeches from regional Fed presidents, as expectations for a December rate hike remain high. As it stands now, the Dow is up 2.8% on the week, with futures indicating additional upside to start the session. 

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

And now, on to the numbers…


151120Futures

Futures on the Dow Jones Industrial Average (DJIA) are 72.3 points above fair value. 


  5 Things You Need to Know Today

 

  1. European stocks are mostly higher after comments from European Central Bank (ECB) President Mario Draghi, while stumbling energy names kept Asian gains in check
  2. The Chicago Board Options Exchange (CBOE) saw 1.1 million call contracts traded on Thursday, compared to 847,678 put contracts. The resultant single-session equity put/call ratio moved up to 0.79, while the 21-day moving average edged down to 0.70. 
  3. After last month setting an extraordinary revenue goal, blue chip Nike Inc (NYSE:NKE) has announced a $12 billion stock buyback plan and a two-for-one stock split. NKE was already up close to 30% over the past 12 months as of last night's close at $125.78, and could now threaten its all-time high of $133.52. 
  4. Horizon Pharma PLC (NASDAQ:HZNP) is set to open 1.6% higher, on news the company has withdrawn its offer to buy Depomed Inc (NASDAQ:DEPO). The development comes after a judge ruled against HZNP in its pursuit to use confidential DEPO information. This all makes Brean Capital's September note look quite prescient
  5. Retailer Gap Inc (NYSE:GPS) is positioned 1.4% lower before the bell, after the firm lowered its profit forecast for the year, leading to no fewer than eight price-target cuts from analysts. This comes just a little over a week after GPS reported disappointing same-store sales


151120OV_Buzz



Earnings and Economic Data

 

The only noteworthy economic events today are speeches from St. Louis Fed President James Bullard and New York Fed President William Dudley. Companies presenting earnings include Abercrombie & Fitch (ANF) and Hibbett Sports (HIBB). To see what's on next week's agenda, click here


A Schaeffer's exclusive!

The Expert's Guide

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


 
 

Partnercenter


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


The Nevada Discovery That Could Jeopardize Chinese Dominance
Click to continue to advertiser's site.
Puts Popular as GM Stock Rallies
GM puts are all the rage lately
JetBlue Stock Surging Despite Sector Skepticism
J.P. Morgan Securities downgraded JBLU to "neutral" from "overweight"
The Nevada Discovery That Could Jeopardize Chinese Dominance
Click to continue to advertiser's site.