Dow Jones Industrial Average Futures Slip Ahead of Debate, OPEC Meeting

The Cryptic M&A Tweet That Sparked an Options Frenzy

Sep 26, 2016 at 9:12 AM
facebook X logo linkedin

Dow Jones Industrial Average (DJIA) futures are signaling a lower start to the week, as stocks exercise caution ahead of the Clinton-Trump presidential debate this evening. Investors are also looking to the beginning of the informal Organization of the Petroleum Exporting Countries (OPEC) meeting, set to take place in Algiers, with November-dated crude oil currently up 1.5% at $45.14 per barrel, recovering some of Friday's losses. Several speeches from Fed officials will also be in focus later today, and may give clues about a potential December interest rate hike. Meanwhile, Dow stock Pfizer Inc. (NYSE:PFE) is pointed lower after scrapping plans to split into two companies.

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


Futures on the Dow Jones Industrial Average (DJIA) are about 68 points below fair value.

5 Things You Need to Know Today

  1. Asian stocks finished lower, as banks and energy stocks paced the decline.
  2. The Chicago Board Options Exchange (CBOE) saw 904,399 call contracts traded on Friday, compared to 587,980 put contracts. The resultant single-session equity put/call ratio rose to 0.65, while the 21-day moving average rose to 0.65.
  3. Nike Inc (NYSE:NKE) is down 0.6% in electronic trading, following yet another price-target cut. Specifically, J.P. Morgan Securities trimmed its target to $62 from $67, just one session after a cut to $52 from $56 by Canaccord Genuity on Friday. The athletic apparel company is due to release earnings tomorrow.
  4. Twitter Inc (NYSE:TWTR) is down 2.7% in pre-market trading, after Oppenheimer downgraded the stock to "underperform" from "perform," following Friday's banner session that had TWTR soaring on M&A rumors, with, inc. (NYSE:CRM) currently the most popular potential bidder. In addition to the buyout buzz, TWTR will be live-streaming tonight's presidential debate.
  5. Deutsche Bank AG (USA) (NYSE:DB) is set to open down 5.3%, at an all-time low, after a German magazine said Chancellor Angela Merkel ruled out state assistance for the financial firm. A spokesperson for DB denies that the company ever requested or requires state aid to deal with the $14 billion fine levied by the U.S. Department of Justice, and assured investors the third quarter has gone very comfortably.

Buzz Stocks Sept 26

Earnings and Economic Data

The Dallas Fed manufacturing survey and new home sales will kick off the week's economic data. Meanwhile, traders will hear from Minneapolis Fed President Neel Kashkari and Dallas Fed President Robert Kaplan. Cal-Maine Foods (CALM), Carnival (CCL), and Vail Resorts (MTN) will report 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


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