Dow Jones Industrial Average Futures Slip, Despite Strong Earnings

The Bullish Nasdaq Pattern No One Has Noticed

Jul 19, 2016 at 9:06 AM
facebook twitter linkedin

It could be the end of a seven-session winning streak for the Dow Jones Industrial Average (DJIA), with futures slightly below fair value. The Dow is being pressured pre-market by a rough day overseas, as well as a choppy morning for oil prices -- though August-dated crude futures were last seen 0.2% higher at $45.35 per barrel, after dropping earlier. At the same time, things look great on the blue-chip earnings front, as Dow stocks Goldman Sachs Group Inc (NYSE:GS), International Business Machines Corp. (NYSE:IBM), Johnson & Johnson (NYSE:JNJ), and UnitedHealth Group Inc (NYSE:UNH) all topped earnings expectations.

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

dow futures july 19

Futures on the Dow Jones Industrial Average (DJIA) are roughly 5 points below fair value.

5 Things You Need to Know Today

  1. While Japanese markets rallied for a sixth straight session, earnings and data are taking a toll on European stocks.
  2. The Chicago Board Options Exchange (CBOE) saw 822,066 call contracts traded on Monday, compared to 567,901 put contracts. The resultant single-session equity put/call ratio jumped to 0.69, while the 21-day moving average remained at 0.65.
  3. Lockheed Martin Corporation (NYSE:LMT) reported better-than-expected second-quarter earnings and sales, and increased its full-year profit and revenue outlook. Collectively, the news has sent the aerospace stock 1.5% higher pre-market.
  4. World Wrestling Entertainment, Inc. (NYSE:WWE) is being sued by more than 50 former wrestlers, due to neurological injuries they suffered during matches. Their complaint is that WWE classified wrestlers as independent contractors -- as opposed to employees -- to avoid liability for potential injuries.
  5. Netflix, Inc. (NASDAQ:NFLX) has tanked 13.5% pre-market, after the streaming services firm reported worse-than-expected second-quarter subscriber growth, due to higher subscription costs. The news is offsetting a per-share earnings beat, and has prompted a rush of negative analyst attention -- including at least 14 price-target cuts.

Buzz Stocks July 19

Earnings and Economic Data

Housing starts is the only major piece of economic news due today. Microsoft (MSFT)Discover Financial (DFS), Novartis (NVS), and United Continental (UAL) are among the firms set to report earnings. To see what else is on this week's schedule, click here

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

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners