JPMorgan Earnings Lift Dow Jones Industrial Average Futures

Time to Strike on Chipotle?

Jan 14, 2016 at 9:04 AM
facebook twitter linkedin

Futures on the Dow Jones Industrial Average (DJIA)​ are signaling a higher start following Wednesday's sell-off, as earning season starts to pick up. Banking giant JPMorgan Chase & Co. (NYSE:JPM) surprised the Street with strong quarterly figures this morning, with fellow blue chip Intel Corporation (NASDAQ:INTC) set to report after the bell. As earnings roll in, oil could take a backseat for once, with February crude futures stabilizing just above $31 per barrel. Elsewhere, weekly jobless claims unexpectedly increased last week. 

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


Futures on the Dow Jones Industrial Average (DJIA) are nearly 90 points above fair value. 

5 Things You Need to Know Today


  1. Both Asia and Europe experienced heavy losses following Wall Street's slide, with a series of explosions in Jakarta rattling investor sentiment.
  2. The Chicago Board Options Exchange (CBOE) saw 738,452 call contracts traded on Wednesday, compared to 675,682 put contracts. The resultant single-session equity put/call ratio edged up to 0.91, while the 21-day moving average remained at 0.73. 
  3. JPMorgan Chase & Co.'s (NYSE:JPM) surprisingly strong fourth-quarter showing has the shares set for a 2% gain when the market opens. The options market was pricing in a post-earnings move of closer to 4%, with traders taking a bearish stance ahead of the event
  4. If you didn't think things could get any worse for GoPro Inc (NASDAQ:GPRO), you were greatly mistaken. The wearable camera manufacturer is on track to drop 19% of its value at the open, after the company lowered its earnings guidance and announced plans to cut 7% of its workforce. 
  5. Electronics retailer Best Buy Co Inc (NYSE:BBY) is set to sell off today, down 10% in electronic trading, after the firm said it expects domestic sales to fall over 1% for the quarter. BBY warned investors of a weak holiday outlook after its November earnings release. The company is scheduled to report fourth-quarter earnings in early March. 


Earnings and Economic Data

Data on import and export prices is also set for release today. Elsewhere, St. Louis Fed President James Bullard will deliver a speech this morning. Intel (INTC) will unveil quarterly results after the bell, along with Bank of the Ozarks (OZRK) and Infosys (INFY). To see what's up next on this week's agenda, click here.


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners