Stock Futures Higher Amid Cooling Trade Tensions

Another win for the Dow would be eight in a row

Managing Editor
May 14, 2018 at 9:21 AM
facebook X logo linkedin


Dow Jones Industrial Average (DJI) futures are trading higher today and appear ready to build off last week's momentum. The Dow is looking to secure its eighth straight gain, which would mark its longest win streak since September. Driving markets this morning are easing trade war tensions between the U.S. and China. On Sunday, President Donald Trump tweeted, "President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast." The telecom company has struggled following a mid-April U.S. sanction

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

  • Options traders blitzed these biotech ETFs after Trump talked drug prices.
  • 3 volatile drug stocks.
  • This Chinese tech stock is staring down familiar resistance.
  • Plus, Xerox ditches Fujifilm deal; QCOM's NXP bid gets good news; and Ford resumes F-150 production.

Stock Futures Chart May 14

5 Things You Need to Know Today

  1. The Chicago Board Options Exchange (CBOE) saw 976,251 call contracts traded on Friday, compared to 585,117 put contracts. The single-session equity put/call ratio jumped to 0.60, while the 21-day moving average remained at 0.63.
  2. Xerox Corp (NYSE:XRX) stock is down 4.7% in electronic trading, after the photocopy specialist dropped a $6.1 billion merger deal with Fujifilm. Activist investors Carl Icahn and Darwin Deason, who collectively own 15% stake in Xerox, believed XRX was undervalued in the deal. Xerox stock is now on track to open below its year-to-date breakeven level.
  3. Qualcomm, Inc. (NASDAQ:QCOM) stock is up 2.6% ahead of the bell, after Bloomberg reported China has resumed its review of the chipmaker's proposed $44 billion bid for NXP Semiconductors (NASDAQ:NXPI). Qualcomm stock fell to a two-year low of $48.56 on April 26 after earnings, but has since have rallied, and could close above its 50-day moving average today for the first time since February.
  4. Shares of Ford Motor Company (NYSE:F) are up 0.4% in electronic trading, on reports the automaker will resume production of it F-150 pickup trucks as early as this Friday, May 18. Ford had suspended production after fire at a supplier factory created a parts shortage. Since falling to a five-year low of $10.14 on March 2, Ford stock has traded in a tight range, with the $11.50 level serving as stiff resistance. 
  5. Speeches from Loretta Mester and James Bullard start off the week, as well as earnings expected from Dick's Sporting Goods (DKS), Mazor Robotics, Switch (SWCH), and Vipshop (VIPS).

premarket stock movers may 14

Asian Stocks Higher, Europe Pushed Lower By Italy Elections

Stocks in Asia finished mostly higher today. Japan's Nikkei advanced 0.5% with help from the real estate sector, while weakness in tech stocks sent South Korea's Kospi 0.06% lower. Hong Kong's Hang Seng picked up 1.4%, and China's Shanghai Composite finished up 0.3%.

European markets are lower at midday, as traders focus on cooling oil prices and progress toward a coalition deal between two populist parties in Italy. However, healthcare stocks are a pocket of strength, with the sector recovering from Trump-related losses suffered last week. Both London's FTSE 100 and France's CAC 40 are down 0.2%, while Germany's DAX has shed 0.3% at last 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