Dow Jones Industrial Average Futures Up Ahead of Trump's Inauguration

26 Stocks That Always Rally After Inauguration Day

Jan 20, 2017 at 9:07 AM
facebook X logo linkedin


Dow Jones Industrial Average (DJIA) futures are trading above fair value -- with the Dow set to snap its five-day losing streak, and possibly climb back into positive year-to-date territory -- ahead of Donald Trump's inauguration. Helping boost the blue-chip barometer is a well-received earnings report from Procter & Gamble Co (NYSE:PG), with shares of the Dow stock up more than 3% ahead of the bell. Additionally, in a speech last night, Fed Chair Janet Yellen suggested that delaying a rate hike could cause the central bank to later lift rates at an accelerated clip, and that she considers "it prudent to adjust the stance of monetary policy gradually over time." Meanwhile, oil prices are also trading higher -- with February-dated crude futures up 1.6% at $52.73 per barrel.

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

Dow futures jan 20

Futures on the Dow Jones Industrial Average (DJIA) are 55 points above fair value.

5 Things You Need to Know Today
  
  1. The Chicago Board Options Exchange (CBOE) saw 969,284 call contracts traded on Thursday, compared to 538,164 put contracts. The resultant single-session equity put/call ratio fell to 0.56, while the 21-day moving average remained at 0.66.
  2. International Business Machines Corp. (NYSE:IBM) is poised to extend its long-standing string of negative post-earnings sessions, with the shares down 1.6% ahead of the bell. Big Blue reported a 19th consecutive quarterly decline in revenue, but offered up a stronger-than-expected full-year forecast.
  3. Fresh off Thursday's M&A rumors, Dow stock General Electric Company (NYSE:GE) is also down in pre-market trading -- off 1.4% at last check -- after the conglomerate took its turn in the earnings confessional. Though reporting a nearly 36% rise in fourth-quarter profit, GE said quarterly revenue slumped 2.4%.
  4. Following strong late-December trial results, Synergy Pharmaceuticals Inc's (NASDAQ:SGYP) constipation drug, Trulance, has been granted approval from the Food and Drug Administration (FDA). Nevertheless, after soaring more than 11% earlier, the shares were last seen down 1.4% in electronic trading.
  5. The week concludes with speeches from San Francisco Fed President John Williams and Philadelphia Fed President Patrick Harker. Kansas City Southern (KSU), Schlumberger (SLB), and SunTrust Banks (STI) will report earnings.

Buzz Stocks Jan 20

Overseas Trading

Major stock indexes in Asia closed mixed, with traders preparing for today's inauguration speech from incoming U.S. President Donald Trump. Chinese stocks headlined the action, after the country's fourth-quarter gross domestic product (GDP) edged out expectations. However, China's full-year growth rate largely disappointed, at 6.7% -- the lowest reading since 1990. By the close China's Shanghai Composite rose 0.7%, but Hong Kong's Hang Seng sank 0.7%. In Japan, the Nikkei notched a 0.3% win, while South Korea's Kospi ended down 0.4%.

In Europe, stocks are posting modest gains halfway through the session, helped by gains in bank stocks. Aside from Trump's upcoming inauguration, an unexpected drop in U.K. retail sales for December is holding back the FTSE 100, with the London-based index last seen less than 0.1% higher -- though a weakening pound is helping offset some of the losses. Elsewhere in the region, France's CAC 40 is sporting a 0.3% lead, while the DAX in Germany is up 0.1%.

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