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 X logo 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

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