Dow Jones Industrial Average Futures Retreat; Jobless Claims Jump

Why These 3 Solar Stocks Sizzled

Dec 10, 2015 at 9:05 AM
facebook X logo linkedin


Dow Jones Industrial Average (DJIA) futures are inching lower once again, at risk of extending a three-day losing streak. Wall Street is weighing a bigger-than-forecast rise in weekly jobless claims and a fifth straight monthly decline in import prices, with the Treasury budget due out at 2 p.m. ET. Meanwhile, crude remains in focus after a volatile few days, with the Organization of the Petroleum Exporting Countries (OPEC) saying daily output last month reached its highest level since April 2012 -- pressuring January-dated crude futures 1% lower to $36.80 per barrel.


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

And now, on to the numbers…


151210ov

Futures on the Dow Jones Industrial Average (DJIA) are 1.3 points below fair value.


5 Things You Need to Know Today

 

  1. Most Asian markets edged lower ahead of OPEC's monthly oil report, while traders eyed the latest policy statements from two central banks.
  2. The Chicago Board Options Exchange (CBOE) saw 654,713 call contracts traded on Wednesday, compared to 433,836 put contracts. The resultant single-session equity put/call ratio fell to 0.66, while the 21-day moving average held at 0.74. 
  3. Dow component Wal-Mart Stores, Inc. (NYSE:WMT) said it will launch "Walmart Pay" -- which allows customers to make purchases via the retailer's app -- at select stores starting today, with plans to roll out the service further after the holiday season. On the charts, WMT is up 0.4% pre-market, and 0.5% for the month -- not bad, especially considering the stock's depressing December history.
  4. Facebook Inc's (NASDAQ:FB) social network for professionals, "Facebook at Work," will likely launch within the next few months, a top company executive said. Elsewhere, FB CEO Mark Zuckerberg, who recently made headlines for the open letter he wrote to his daughter, penned a Facebook post in support of Muslims last night, writing, "I want you to know that you are always welcome here and that we will fight to protect your rights and create a peaceful and safe environment for you."
  5. Chipotle Mexican Grill, Inc. (NYSE:CMG) is up 2.5% ahead of the open, after CEO Steve Ells pledged to make the restaurant the "safest place to eat" following a series of food-borne illness outbreaks.

151210OV_Buzz

Earnings and Economic Data

The Treasury budget will hit the Street this afternoon. Heading into the earnings booth will be Adobe Systems (ADBE) and Finisar (FNSR). To see what else is on this week's agenda, click here

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI