Dow Jones Industrial Average Futures Fall Despite Microsoft, McDonald's

2 Stocks That Could Rally On Tesla-Related Tailwinds

Oct 21, 2016 at 9:06 AM
facebook X logo linkedin


Dow Jones Industrial Average (DJIA) futures are trading below fair value ahead of another huge day of earnings. Riding high ahead of the open are Dow stocks Microsoft Corporation (NASDAQ:MSFT) and McDonald's Corporation (NYSE:MCD), thanks to upbeat quarterly reports, while General Electric Company (NYSE:GE) is sitting in the red post-earnings. Earnings should stay in focus, too, with no noteworthy economic reports on the schedule. However, traders will also be paying close attention to the dollar, as the greenback just hit a seven-month high against a basket of currencies in light of yesterday's European Central Bank (ECB) decision

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

U.S. stock futures October 21

Futures on the Dow Jones Industrial Average (DJIA) are 28.4 points below fair value. 

5 Things You Need to Know Today
  
  1. An earthquake injured at least seven in Japan, while Hong Kong markets shuttered in preparation for Typhoon Haima
  2. The Chicago Board Options Exchange (CBOE) saw 978,152 call contracts traded on Thursday, compared to 513,764 put contracts. The resultant single-session equity put/call ratio dropped to a more than two-week low of 0.53, while the 21-day moving average edged down to 0.65.
  3. MSFT is up 5.6% ahead of the opening bell, after reporting stronger-than-expected third-quarter earnings, thanks to continued growth from its cloud business. The move would put the shares into all-time-high territory, and past the $60 level put writers were targeting ahead of earnings. 
  4. Moving the opposite direction in pre-market action is GE, after the company lowered its full-year revenue outlook. At $29.07, the shares were already sitting below breakeven year-to-date, and today's potential losses would mark a major disappointment to Goldman Sachs in particular. 
  5. Skechers USA Inc (NYSE:SKX) is bracing for a 16% drop out of the gate, after the shoe concern reported weaker-than-expected quarterly sales. In addition, the company offered lackluster current-quarter guidance, citing lower domestic demand for its products -- a trend predicted by Morgan Stanley.

Buzz Stocks Oct 21

Earnings and Economic Data

There are no notable economic reports scheduled for today. However, Honeywell International (HON) will hit the earnings confessional. To take a look at next week's earnings calendar -- which features reports from Apple Inc. (NASDAQ:AAPL) and Alphabet Inc (NASDAQ:GOOGL) -- 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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI