Dow Jones Industrial Average Futures Rise On Monster Jobs Beat

2 Healthcare Stocks Shooting Higher; Plus, a Monster Jobs Beat

Jul 8, 2016 at 9:07 AM
facebook X logo linkedin


Dow Jones Industrial Average (DJIA) futures are trading well above fair value this morning, as U.S. stocks eye a strong finish to the week. In focus this morning is a monster nonfarm payrolls report for June, which blew past expectations with 287,000 jobs added last month, compared to just 175,000 expected. Traders are also keeping a close eye on recovering crude futures, after yesterday's steep sell-off in oil prices crushed the Dow. At last check, crude oil futures for August were up 0.6% at $45.41 per barrel. 

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

U.S. Stock futures July 8

Futures on the Dow Jones Industrial Average (DJIA) are 110 points above fair value. 

5 Things You Need to Know Today
 

  1. Japan's 10-year government bond yield hit another record low, with traders seeking "safety" ahead of today's U.S. jobs data.
  2. The Chicago Board Options Exchange (CBOE) saw 723,234 call contracts traded on Thursday, compared to 435,767 put contracts. The resultant single-session equity put/call ratio fell to 0.60 , while the 21-day moving average stayed at 0.70.
  3. For the second month in a row, retailer Gap Inc (NYSE:GPS) posted better-than-expected same-store sales figures. This time around the company announced a 2% increase in the figure, against an expected 3% drop. The shares are now eyeing a 4% jump when the market opens.
  4. Cybersecurity stock Barracuda Networks Inc (NYSE:CUDA) has struggled in 2016, giving back 17% to sit at $15.51. Today, though, CUDA is ready to take off, after the company reported fiscal third-quarter earnings and revenue that topped analyst estimates. Ahead of the open, the shares are up 15%, and poised to defeat their 200-day moving average. 
  5. Juno Therapeutics Inc's (NASDAQ:JUNO) closely watched experimental cancer drug trial has taken a turn for the worse. Specifically, the trial has been put on hold by the Food and Drug Administration (FDA), following the deaths of three patients. JUNO is inevitably collapsing pre-market,set to lose one-fourth of its value so far. 


Buzz Stocks July 8

Earnings and Economic Data

There are no other notable economic or earnings reports today. To see what's coming up on next 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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI