Boeing Earnings Reaction Boosts Dow Futures

Twitter reported another profitable quarter

Apr 25, 2018 at 9:12 AM
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Coming off its longest losing streak in more than a year, the Dow Jones Industrial Average (DJI) is signaling a positive start. Specifically, futures on the blue-chip index are trading above fair value this morning, thanks to a positive earnings reaction for Boeing (BA) -- though pre-market upside is modest as the 10-year Treasury yield holds above the key 3% level. And while futures on the Nasdaq-100 Index (NDX) are up, as well, the S&P 500 Index (SPX) looks set to open in negative territory.

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

  • 3 must-see charts on stock market breadth, courtesy of Schaeffer's Senior Quantitative Analyst Rocky White.
  • Call options are hot ahead of Ford Motor earnings.
  • Options traders are targeting a big breakout for the U.S. dollar.
  • Plus, Twitter swings higher post-earnings; the chip stock set to soar; and a big media buyout in the making.

us stock index futures april 25

5 Things You Need to Know Today

  1. The Chicago Board Options Exchange (CBOE) saw 1.01 million call contracts traded on Tuesday, compared to 690,493 put contracts. The single-session equity put/call ratio jumped to 0.68, while the 21-day moving average edged down to 0.65.
  2. Twitter Inc (NYSE:TWTR) reported better-than-expected second-quarter earnings and revenue as daily active users rose 10% year-over-year. Following a successful test of the round $30 level yesterday, TWTR stock is set to open up 2.6% this morning -- though not as much as one volatility trader was hoping for.
  3. Texas Instruments Inc. (NASDAQ:TXN) reported first-quarter earnings of $1.35 per share on $3.79 billion in revenue -- more than analysts were expecting -- and gave an upbeat current-quarter outlook. The results were met with a round of bullish brokerage notes, sending TXN stock up 4.6% in pre-market trading.
  4. Comcast Corporation (NASDAQ:CMCSA) said it has offered a nearly $31 billion cash bid for U.K.-based pay-TV firm Sky, with the latter now recommending it terminate an agreement for a lower takeover offer from Rupert Murdoch's Twenty-First Century Fox Inc (NASDAQ:FOXA). Comcast also reported a first-quarter earnings beat on in-line revenue. CMCSA stock is down 1.8% in electronic trading, on track to open at a new annual low.
  5. The MBA mortgage index and weekly crude inventories will be released today. Visa (V), Facebook (FB), Advanced Micro Devices (AMD), Chipotle Mexican Grill (CMG), Qualcomm (QCOM), Allegiant Travel (ALGT), AT&T (T), Dr Pepper Snapple (DPS) eBay (EBAY), F5 Networks (FFIV), PayPal (PYPL), and Sarepta Therapeutics (SRPT) will report earnings.

stock market news april 25

Global Stocks Track Wall Street Lower

Stocks in Asia settled lower across the board today, tracking Wall Street's dismal Tuesday performance. Chipmakers and other smartphone-related stocks paced the decline, extending losses triggered by recent warnings about waning demand. Oil futures also took a breather, with Brent crude futures pulling back from the prior session's multi-year high. By the close, Hong Kong's Hang Seng lost 1%, South Korea's Kospi fell 0.6%, China's Shanghai Composite shed 0.4%, and Japan's Nikkei dipped 0.3%.

Bears are also driving the action in Europe at midday. Germany's DAX is down 1.4%, as the 10-year bund yield tapped its highest point since March 9. Meanwhile, shares of Metro Bank are off 7.3% in London, pressured by concerns that the lender may need to raise more capital than expected this year. At last check, London's FTSE 100 and the French CAC 40 are each 0.7% lower.


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