Dow Jones Industrial Average Futures Signal Rebound

What to Expect After the Pullback From Record Highs

Sep 14, 2016 at 9:18 AM
facebook X logo linkedin

Dow Jones Industrial Average (DJIA) futures are signaling a higher start to the day, as stocks look to recover some of yesterday's steep losses. A brief rebound in oil prices also boosted stocks, although October-dated crude has since swung 0.7% lower to $44.61 per barrel, ahead of today's crude inventories report. The recent volatility could continue into next week, as traders speculate on the odds of the Fed hiking interest rates at its highly anticipated September meeting.

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

  • What to expect after the pullback from record highs, according to Schaeffer's Senior Quantitative Analyst Rocky White.
  • 3 volatile energy stocks garnering analyst attention.
  • What "crazy" move one activist thinks will turn Tesla Motors Inc (NASDAQ:TSLA) into "a walking insolvency."
  • Plus... Central bank concerns weigh on Japan, the highly anticipated Monsanto merger, and two drugmakers in the spotlight.


Futures on the Dow Jones Industrial Average (DJIA) are about 49 points above fair value.

5 Things You Need to Know Today

  1. Japan stocks fell amid central bank concerns.
  2. The Chicago Board Options Exchange (CBOE) saw 703,006 call contracts traded on Tuesday, compared to 529,361 put contracts. The resultant single-session equity put/call ratio rose to 0.75, while the 21-day moving average rose to 0.66.
  3. Monsanto Company (NYSE:MON) is set to open up 0.6%, following the announcement that it had come to a buyout agreement with German pharmaceutical company Bayer AG for about $66 billion. The highly anticipated M&A agreement values MON at approximately $129 per share, or over a 20% premium to its close of $106.10 yesterday.   
  4. In other merger news, Vitae Pharmaceuticals Inc (NASDAQ:VTAE) is set to more than double, following a merger agreement with Allergan plc Ordinary Shares (NYSE:AGN). AGN will buy the company for $639 million, or $21 per share -- a 159% premium to VTAE's closing price of $8.10 yesterday.
  5. Sarepta Therapeutics Inc (NASDAQ:SRPT) is up 13.7% in electronic trading, following news that the Food and Drug Administration's (FDA) most vocal critic of SRPT's eteplirsen -- a drug intended to treat Duchenne Muscular Dystrophy (DMD) -- had left his position at the FDA. Eteplirsen advocates are hoping that Dr. Ronald Farkas' departure is a sign that approval for the drug is forthcoming, ending months of anticipation.

Buzz Stocks Sept 14

Earnings and Economic Data

Today, import and export prices will come out. Cracker Barrel (CBRL) will step up to the earnings stage. 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

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