Dow Jones Industrial Average Futures Edge Higher

Bears Line Up For Goldman; Plus, More Trouble for Fitbit?

Feb 25, 2016 at 9:14 AM
facebook X logo linkedin

Despite a sell-off in Chinese stocks, Dow Jones Industrial Average (DJIA) futures are modestly north of fair value in pre-market trading, as oil prices continue to stabilize and traders digest dovish remarks from St. Louis Fed President James Bullard. Specifically, April-dated crude futures are off just 0.7% at $31.93 per barrel, while Bullard last night said he opposes additional interest-rate hikes, considering current inflation expectations. Meanwhile, jobless claims rose slightly more than expected last week, and January durable goods orders rebounded strongly after the prior month's decline.

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


Futures on the Dow Jones Industrial Average (DJIA) are roughly 18 points above fair value.

5 Things You Need to Know Today


  1. Liquidity concerns took a major toll on Chinese stocks, just in time for the Group of 20 (G-20) meeting in Shanghai.
  2. The Chicago Board Options Exchange (CBOE) saw 754,038 call contracts traded on Wednesday, compared to 533,065 put contracts. The resultant single-session equity put/call ratio held steady at 0.71, while the 21-day moving average edged up to 0.75.  
  3. Best Buy Co Inc (NYSE:BBY) is staring at a 3% pre-market loss, with the electronics retailer's disappointing current-quarter forecast overshadowing an earnings beat. The stock closed at $31.47 yesterday, while in the options pits bearish bets have been mounting.
  4. Roughly two weeks after disclosing a stake in Square Inc (NYSE:SQ), Visa Inc (NYSE:V) announced a payment-security agreement with China UnionPay. After closing at $71.85 on Wednesday, V is pointed 0.3% higher ahead of the bell.
  5. Retailer Sears Holdings Corp (NASDAQ:SHLD) posted a $580 million net loss last quarter -- far wider than its prior-year loss of $159 million, but in line with the estimate from its shareholder update earlier this month. Nonetheless, the stock is aimed 4.3% higher in electronic trading, after finishing at $16.97 yesterday.


Earnings and Economic Data

Atlanta Fed President Dennis Lockhart will speak before the open, followed by San Francisco Fed President John Williams at 12 p.m. ET. On the earnings front, Baidu (BIDU)Herbalife (HLF), AMC Networks (AMCX), Anheuser-Busch InBev (BUD), Autodesk (ADSK), Biomarin Pharmaceuticals (BMRN), Chico's FAS (CHS), Domino's Pizza (DPZ), Gap (GPS), Gogo (GOGO), Intuit (INTU), Kohl's (KSS), Kraft Heinz (KHC), NutriSystem (NTRI), Palo Alto Networks (PANW), Seadrill Ltd (SDRL), Splunk (SPLK), and Weight Watchers International (WTW) will report. 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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI