Dow Jones Industrial Average Futures Rise Amid Earnings Flood

5 Charts to Have on the Radar This Week

by Josh Selway

Published on Apr 26, 2016 at 9:08 AM

Dow Jones Industrial Average ​​(DJIA) futures are trading above fair value this morning, ahead of the Federal Open Market Committee's (FOMC) two-day policy meeting. The central bank will release a decision on monetary policy tomorrow at 2:00 p.m. ET -- though the Fed is widely expected to keep rates unchanged. As for this morning's economic data, durable goods orders rose by less than expected in March.

It's also a huge day for earnings. Dow stocks DuPont (NYSE:DD), Procter & Gamble Co (NYSE:PG), and 3M Co (NYSE:MMM) all reported better-than-expected per-share earnings this morning, while a number of other high-profile stocks -- including Apple Inc. (NASDAQ:AAPL) -- are set to report later in the day. 

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

Index Futures April 26

Futures on the Dow Jones Industrial Average (DJIA) are almost 46 points above fair value. 

5 Things You Need to Know Today

 

  1. Overseas stock markets were mixed ahead of Thursday's highly anticipated monetary policy decision from the Bank of Japan (BoJ)
  2. The Chicago Board Options Exchange (CBOE) saw 617,144 call contracts traded on Monday, compared to 433,109 put contracts. The resultant single-session equity put/call ratio jumped to 0.70, while the 21-day moving average edged down to 0.67.
  3. After being halted all day Monday ahead of a Food and Drug Administration (FDA) panel meeting, biotech stock Sarepta Therapeutics Inc (NASDAQ:SRPT) has lost roughly half its value in electronic trading, after the panel voted against the company's Duchenne muscular dystrophy treatment, eteplirsen. This comes after an FDA director made comments that seemingly supported SRPT's cause. However, the FDA does not have to adhere to the panel's decision.
  4. Telecom stock T-Mobile US Inc (NASDAQ:TMUS) is set to add over 3% when the market opens, after the company posted better-than-expected quarterly results thanks to strong customer growth. The expected move should put TMUS within striking distance of its eight-year high of $43.43 from September, and will likely put short sellers on edge
  5. Airline stock JetBlue Airways Corporation (NASDAQ:JBLU) is also moving higher ahead of the open, thanks to a first-quarter earnings beat. This potential price action would be to the dismay of options bears, who were anticipating a third straight post-earnings sell-off from the stock


Buzz Stocks April 26

Earnings and Economic Data

The S&P/Case-Shiller home price index and the Conference Board's consumer confidence survey are set for release today.
 
Companies reporting earnings include MMM, AAPL, DD, PG, Aflac (AFL), Akamai Technologies (AKAM), AK Steel (AKS)AT&T (T)Barrick Gold (ABX), Bloomin' Brands (BLMN), Boyd Gaming (BYD), Buffalo Wild Wings (BWLD), Capital One Financial (COF), Chipotle Mexican Grill (CMG)Cirrus Logic (CRUS), Coach (COH), Corning (GLW), Cree (CREE)eBay (EBAY), Eli Lilly (LLY), Fiat Chrysler Automobiles (FCAU), Freeport-McMoRan (FCX), JBLU, Lockheed Martin (LMT), Office Depot (ODP), Panera Bread (PNRA), Reynolds American (RAI), Southern (SO), Spirit Airlines (SAVE), Twitter (TWTR), and United States Steel (X). To see what else is coming up on this week's schedule, click here

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