Dow Jones Industrial Average Futures Poised to Slip on Oil

Analysts Predict Record Highs for 2 Nasdaq Heavyweights

Aug 19, 2016 at 9:17 AM
facebook X logo linkedin

Dow Jones Industrial Average (DJIA) futures are pointed lower, as oil prices halt their rally and weigh on stocks ahead of the weekly Baker Hughes rig count. At last check, September-dated crude oil futures were down 0.2% at $48.11 per barrel. Meanwhile, rate-hike chatter is once again taking center stage, after this week's mixed Federal Open Market Committee (FOMC) meeting minutes and ahead of next week's speech from Fed Chair Janet Yellen in Jackson Hole, Wyoming. 

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


Futures on the Dow Jones Industrial Average (DJIA) are 53 points below fair value.

5 Things You Need to Know Today

  1. European stocks are in the red at midday, with automakers dropping on downbeat analyst attention.
  2. The Chicago Board Options Exchange (CBOE) saw 877,349 call contracts traded on Thursday, compared to 476,108 put contracts. The resultant single-session equity put/call ratio fell to 0.54, while the 21-day moving average fell to 0.62.
  3. Gap Inc (NYSE:GPS) is set to open 3.4% lower, after the retailer issued lackluster full-year earnings guidance. While a handful of analysts still upped their price targets on GPS this morning, the majority of brokerage firms maintain "hold" or worse opinions.
  4. Corrections Corp of America (NYSE:CXW) is trading up 9.7% in pre-market, after yesterday's disastrous session, which saw the stock drop a whopping 35.5%, following an announcement by the Department of Justice that it would be phasing out the use of privately operated prisons for federal inmates over the next five years. CXW said it was disappointed by the decision, but it will continue its services with its other government partners. 
  5. Applied Materials, Inc. (NASDAQ:AMAT) is set to jump 5.3% -- and could touch a 14-year high -- after delivering an earnings win last night, thanks to record-high orders and upbeat current-quarter guidance. More than a dozen brokerage firms have upped their price target for the semiconductor stock.

Buzz Stocks August 19

Earnings and Economic Data

Reports from Buckle (BKE), Cheetah Mobile (CMCM), Deere (DE), Estee Lauder (EL), and Foot Locker (FL) will round out the week's earnings calendar. To see what is 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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI