Dow Jones Industrial Average Futures Cautiously Higher; Oil, Nike in Focus

25 Stocks for Your Easter Basket

Mar 23, 2016 at 9:06 AM
facebook X logo linkedin


After breaking a seven-day win streak on Tuesday, Dow Jones Industrial Average (DJIA) futures are slightly above fair value, tracking stocks in Europe, which are on the mend after traders were shaken by yesterday's terrorist attacks in Belgium. However, lower oil prices are keeping gains in check, with May-dated crude futures down 1.2% at $40.94 per barrel, as investors await the weekly crude inventories report. In addition, a lackluster earnings showing from Dow component Nike Inc (NYSE:NKE) is keeping pre-market momentum muted.

Data on new home sales will also be reported this morning, and traders are already digesting comments from Philadelphia Fed President Patrick Harker, who told Reuters that he believes another interest rate hike should be considered as soon as next month, if economic conditions continue to improve.

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


160323OV1

Futures on the Dow Jones Industrial Average (DJIA) are 5 points above fair value.

5 Things You Need to Know Today

 

  1. Global stocks continue to react to Tuesday's terrorist attacks, while European travel interests bounce back.
  2. The Chicago Board Options Exchange (CBOE) saw 584,139 call contracts traded on Monday, compared to 513,263 put contracts. The resultant single-session equity put/call ratio climbed to 0.88, while the 21-day moving average edged up to 0.68.  
  3. Nike Inc (NYSE:NKE) reported fiscal third-quarter earnings above expectations last night, but quarterly revenue fell shy of predictions. The shares are down 5% in pre-market trading, but a recent crop of call buyers will be hoping for a quick rebound.
  4. Regeneron Pharmaceuticals Inc (NASDAQ:REGN) reported that its cholesterol-lowering drug, developed in conjunction with Sanofi SA (ADR) (NYSE:SNY), met primary objectives in a late-stage study for patients with a hereditary condition. 
  5. Oracle Corporation (NYSE:ORCL) is reportedly suing Hewlett Packard Enterprise Co (NYSE:HPE) for improperly employing a third party to provide tech support for ORCL's Solaris operating system.


160323OV_Buzz


Earnings and Economic Data

Fuel Tech (FTEK), General Mills (GIS), and KB Home (KBH) will unveil 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