Global Data, Sliding Oil Hit Dow Jones Industrial Average Futures

25 Stocks That Could Heat Up in June

Jun 1, 2016 at 9:09 AM
facebook twitter linkedin

Dow Jones Industrial Average (DJIA) futures are below fair value following Tuesday's disappointing session. Weak economic data out of China is weighing on both global stocks and oil prices, with July-dated crude futures last seen down 1.2% at $48.51 per barrel. And Wall Street will have plenty to chew on at home, with another big round of data set for release today.

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

Dow Futures June 1

Futures on the Dow Jones Industrial Average (DJIA) are more than 58 points below fair value.

5 Things You Need to Know Today

  1. Chinese purchasing managers index (PMI) data weighed on stimulus hopes, while growing fears of an EU exit hurt stocks in the U.K and beyond.
  2. The Chicago Board Options Exchange (CBOE) saw 694,070 call contracts traded on Tuesday, compared to 399,620 put contracts. The resultant single-session equity put/call ratio climbed to 0.58, while the 21-day moving average slipped to 0.74.
  3. Retailer Michael Kors Holdings Ltd (NYSE:KORS) reported better-than-expected fiscal fourth-quarter earnings, while CEO John Idol says the company sees "multiple growth opportunities." The stock was last seen up 8.1% in electronic trading.
  4. Under Armour Inc (NYSE:UA) is sitting 3.6% lower ahead of the bell, and could be in danger of tapping a new annual low, after the company lowered its full-year sales outlook.
  5. Cloud computing specialist, inc. (NYSE:CRM) will buy sector peer Demandware Inc (NYSE:DWRE) in a cash deal valued at $2.8 billion. While CRM is down nearly 2% on the news, DWRE is surging more than 56% in pre-market trading.

Buzz Stocks June 1

Earnings and Economic Data

ADP's report on private-sector payrolls, Markit's manufacturing PMI, the Institute for Supply Management's (ISM) manufacturing index, construction spending, and the Fed's Beige Book will hit the Street today. As for earnings, Box (BOX), Cracker Barrel (CBRL), and G-III Apparel (GIII) will report. To see what is coming up on this week's schedule, click here

Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

Schaeffer's Daily Bulletin Offer


Special Offers from Schaeffer's Trading Partners