Dow Jones Industrial Average Futures Edge Higher on Mixed Data

Why Next Week Is Crucial for Stocks

by Alex Eppstein

Published on Nov 25, 2015 at 9:02 AM

Dow Jones Industrial Average (DJIA) futures are pointed higher this morning, as Wall Street mulls a raft of data that just dropped ahead of tomorrow's Thanksgiving holiday. Specifically, durable goods orders rose a much better-than-expected 3% last month, weekly jobless claims fell more than forecast, and personal spending inched up just 0.1%, coming up short of the consensus estimate. Elsewhere, after oil stocks led the Dow higher on Tuesday, traders are digesting early losses for crude futures -- as well as major post-earnings moves from a pair of big-cap stocks.

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

And now, on to the numbers…


151125ov

Futures on the Dow Jones Industrial Average (DJIA) are almost 33 points above fair value.


5 Things You Need to Know Today

 

  1. Geopolitical tensions stemming from the downing of a Russian warplane weighed on stocks in Asia, while reassuring words from Turkish President Tayyip Erdogan are boosting European markets.
  2. The Chicago Board Options Exchange (CBOE) saw 618,712 call contracts traded on Tuesday, compared to 414,932 put contracts. The resultant single-session equity put/call ratio rose to 0.67, while the 21-day moving average remained at 0.70. 
  3. Deere & Company (NYSE:DE) is set to surge 4.7% at the open, following the farming equipment firm's better-than-expected quarterly results. On the flip side, HP Inc (NYSE:HPQ) is bracing for a 8.6% drop after the tech giant reported disappointing earnings and revenue, and also cut its full-year profit guidance. This represents a change of pace for HPQ, which has had a nice run on the charts since separating from Hewlett-Packard Enterprise Co (NYSE:HPE) in early November.
  4. SolarCity Corp (NASDAQ:SCTY), which got whacked last month following an earnings miss, is bracing for a 1.9% drop after Chief Financial Officer Brad Buss announced plans to retire early next year. In related news, SCTY has named its chief operating officer -- and former Vivint Solar Inc (NYSE:VSLR) CEO -- Tanguy Serra as its new president.
  5. Chipotle Mexican Grill, Inc. (NYSE:CMG) isn't the only company battling E. coli. News broke late yesterday that 19 people have been infected by the disease after eating chicken salad from Costco Wholesale Corporation (NASDAQ:COST), sending the retailer's stock down 0.3% ahead of the bell.


151125buzz

Earnings and Economic Data

 

Today will bring the latest new home sales report, plus the Thomson Reuters/University of Michigan consumer sentiment index and the regularly scheduled crude inventories data. To see what else is on this week's agenda, click here


A Schaeffer's exclusive

TOP STOCK PICKS 2020

Access your FREE insider report 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


IRA/401k: The Crash-Proof Retirement Plan
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.
Software Stock Could Have Room to Run
The cloud stock could revisit record highs soon
Ulta Stock Moves Lower on New Coronavirus Measures
Ulta has closed all of its stores until further notice
IRA/401k: The Crash-Proof Retirement Plan
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.