Dow Jones Industrial Average Futures Signal Fourth Straight Down Day

2 Stocks Burning Short Sellers After Earnings

Josh Selway

Jul 28, 2016 at 9:13 AM

WFM
FB
F
GOOGL
DJIA
AMZN
AAPL

Dow Jones Industrial Average (DJIA) futures are signaling a lower open this morning -- on pace for a fourth straight loss -- as Wall Street braces for another full day of earnings. While Facebook Inc (NASDAQ:FB) and Ford Motor Company (NYSE:F) are in the spotlight this morning, tech stocks Alphabet Inc (NASDAQ:GOOGL) and Amazon.com, Inc. (NASDAQ:AMZN) will release results after the close. Traders are also digesting this morning's report on weekly jobless claims, which comes just a day after the Federal Open Market Committee's (FOMC) latest policy decision. Specifically, the number of Americans filing for unemployment benefits rose slightly more than expected during the past week, to 266,000.

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

2 stocks that are burning short sellers after earnings.
While put buying has been hot on this blue chip, bulls are betting on all-time highs for Boeing Co (NYSE:BA).
Short interest is absolutely exploding on First Solar, Inc. (NASDAQ:FSLR).
Plus... Facebook eyes all-time highs, Ford nosedives, and Goldman Sachs' well-timed downgrade.

U.S. stock futures July 28

Futures on the Dow Jones Industrial Average (DJIA) are 15 points below fair value.

5 Things You Need to Know Today

Global stocks are moving lower ahead of the Bank of Japan's (BoJ) policy decision.
The Chicago Board Options Exchange (CBOE) saw 974,749 call contracts traded on Wednesday, compared to 647,552 put contracts. The resultant single-session equity put/call ratio declined to 0.66, while the 21-day moving average edged down to 0.62.
Social media stock Facebook Inc (NASDAQ:FB) is set to open at all-time highs, picking up over 4% in pre-market trading, after the company's blowout second-quarter earnings report. A series of price-target hikes has ensued, with Piper Jaffray setting the highest mark at $185. In other news, this should be a bad day for FB call sellers.
Ford Motor Company (NYSE:F) call traders may also be hurting today, with the shares down close to 7% in electronic trading. Not only did the automaker announce disappointing second-quarter earnings, but it also said its full-year outlook "is at risk."
Goldman Sachs' recent "sell" rating for Whole Foods Market, Inc. (NASDAQ:WFM) seems prescient, as the healthy grocer is looking at a 5% drop at the open. The company offered lackluster guidance and said same-store sales declined more than expected.

Buzz Stocks July 28

Earnings and Economic Data

International trade data will also be released today.

GOOGL, AMZN, Aflac (AFL), AstraZeneca (AZN), Baidu (BIDU), Baker Hughes (BHI), Boston Scientific (BSX), Bristol-Myers Squibb (BMY), CBS (CBS), Celgene (CELG), Cliffs Natural Resources (CLF), Colgate-Palmolive (CL), ConocoPhillips (COP), Dow Chemical (DOW), Expedia (EXPE), GrubHub (GRUB), Harley-Davidson (HOG), Hershey (HSY), LendingTree (TREE), MasterCard (MA), Raytheon (RTN), Western Digital (WDC), World Wrestling Entertainment (WWE), and Yamana Gold (AUY) are all due up for earnings. 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

Follow @Schaeffers

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!