ELECT 24 Top Ad

Dow Jones Industrial Average Futures Dip as Post-'Brexit' Rally Stalls

Why Analysts Expect Valeant to Double

Jul 5, 2016 at 9:10 AM
facebook X logo linkedin


Dow Jones Industrial Average (DJIA) futures are trading below fair value this morning, as stocks look set to cool following their post-"Brexit" win streak. While the holiday-shortened week has generally been good to stocks, caution may be setting in ahead of Friday's nonfarm payrolls report, and as the pound explores 31-year lows against the U.S. dollar. Slumping oil prices are adding to the risk-off attitude, as well, with August-dated crude futures last seen 3% lower at $47.51 per barrel. 

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

U.S. Stock Futures July 5

Futures on the Dow Jones Industrial Average (DJIA) are 87 points below fair value.

5 Things You Need to Know Today
 

  1. Most stocks around the globe are moving lower, though stimulus hopes have lifted London's FTSE 100
  2. The Chicago Board Options Exchange (CBOE) saw 828,860 call contracts traded on Friday, compared to 472,896 put contracts. The resultant single-session equity put/call ratio slipped to 0.57, while the 21-day moving average edged down to 0.68.
  3. After posting strong preliminary second-quarter earnings and full-year guidance, circuit developer Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) is eyeing a nearly 6% jump out of the gate this morning. HIMX sold off drastically last week, following the departure of its chief technology officer. Today's expected bounce would put HIMX back into the black year-over-year, after closing Friday at $7.48. 
  4. Analysts have been lining up behind security expert Cyberark Software Ltd (NASDAQ:CYBR) for some time now, and Barclays is joining in on the action. The brokerage firm this morning upgraded the stock to "overweight" from "equal weight," upping its price target to $60 from $44. The stock -- which is up 2.4% in electronic trading -- has outpaced the S&P 500 Index (SPX) by almost 17 percentage points in the past three months, and was last seen at $48.37. In other news, the company named CEO Udi Mokady as Chairman of the Board. 
  5. Tesla Motors Inc (NASDAQ:TSLA) is down 4.5% ahead of the open, after the company announced disappointing vehicle deliveries in the most recent quarter. After delivering just over 14,000 vehicles, the automaker may have trouble hitting its full-year target of 80,000. This follows last week's news of a government investigation into a fatal self-driving accident involving a TSLA vehicle. 


Buzz Stocks July 5

Earnings and Economic Data

Today's economic docket features factory orders. There are no notable earnings releases. To see what else 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
 

Biden’s government just announced a new government "stimulus program"...

And it could hand you a payment for as much as $7,882 — each quarter.

See, it has to do with a recent 19-page memo from Biden’s office...

Directing the government to once again send a form of "stimulus payments" to the mailboxes of Americans during these difficult times.

Better still, you can collect these payouts every single quarter — for life...

Payments run as high as $7,882... And it only takes five minutes to sign up.

I call this the "Stimulus Stipends" program…

And Forbes recently declared that you can "retire rich" thanks to this program.

So if you want to start cashing in your quarterly payouts — courtesy of the U.S government...

Discover how to receive your FIRST "Stimulus Stipends" payment for up to $7,882 here. 
 (ad)
 

election 2024 report

                                                  AD                                                  
best AI trade you can make today…?
(it’s not MSFT, GOOGL, AMZN or AAPL)

                                                  AD                                                  

 
 

VOLATILITY SCORECARD

 


                                               AD                                                    
Crazy Opportunity!! Tiny AI Stock just $3
“This Type of AI Will Be Worth “Ten MSFTs.”

                                               AD                                                    

 
4 AI STOCKS TO BUY NOW
 

                                                  AD                                                  
best AI trade you can make today…?
(it’s not MSFT, GOOGL, AMZN or AAPL)

                                                  AD