Dow Jones Industrial Average Futures Pop as Oil Prices Bounce Back

3 Oil Stocks Getting Drilled by Analysts

Feb 22, 2016 at 9:11 AM
facebook X logo linkedin


Following the Dow's best week of the year, futures on the Dow Jones Industrial Average (DJIA) are trading well above fair value, thanks to a surge in oil prices. March-dated crude futures are up 5.8% to $31.35, after the International Energy Agency (IEA) cut its forecast for U.S. shale production over the next two years. Global stocks have rallied on the report -- and the bullish action in oil futures could continue to drive today's price action, since the economic schedule is light. 

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

160222Futures

Futures on the Dow Jones Industrial Average (DJIA) are 169 points above fair value. 

5 Things You Need to Know Today

 

  1. Why the British pound got clobbered today.
  2. The Chicago Board Options Exchange (CBOE) saw 1.14 million call contracts traded on Friday, compared to 998,046 put contracts. The resultant single-session equity put/call ratio jumped to 0.87, while the 21-day moving average edged up to 0.73.  
  3. Lumber Liquidators Holdings Inc (NYSE:LL) is down nearly 17% in pre-market trading, after the Centers for Disease Control and Prevention (CDC) released an updated report claiming customers exposed to LL's scandal-plagued flooring faced a greater cancer risk than previously expected. 
  4. Online discounter Groupon Inc (NASDAQ:GRPN) is up 6.4% ahead of the bell, as speculation continues to swirl that Alibaba Group Holding Ltd (NYSE:BABA) may buy the company. BABA already took a nearly 6% stake in GRPN last week. 
  5. AT&T Inc. (NYSE:T) has inked another partnership. The telecom giant will be working with Intel Corporation (NYSE:INTC) to test drones on AT&T's high-speed wireless network. Both T and INTC are edging higher in electronic trading. 

 

160222OV_Buzz2


Earnings and Economic Data

Markit's flash purchasing managers index (PMI) is on tap. Fitbit (FIT), Allergan (AGN), Dean Foods (DF), Motorola Solutions (MSI), Texas Roadhouse (TXRH), and Veeco Instruments (VECO) will report earnings. To see what else is coming up 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