Stock Futures Slip as G-20 Summit Takes Spotlight

All three indexes are heading toward weekly wins, though

Managing Editor
Nov 30, 2018 at 9:09 AM
facebook X logo linkedin

Dow Jones Industrial Average (DJIA) futures are down this morning, as investors around the world nervously monitor the G-20 summit unfolding in Buenos Aires, Argentina. All eyes are on President Donald Trump and Chinese leader Xi Jinping, who are expected to meet -- along with White House advisor Peter Navarro -- tomorrow to discuss trade. However, futures on the Dow, S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) have pared early losses, after U.S. Trade Representative Robert Lighthizer said he expects U.S.-China talks to be a "success." All three major benchmarks are poised to lock up weekly wins. The Dow and S&P 500 are also heading toward monthly gains.

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

  • Analysts: Buy these 2 Dow stocks.
  • This penny stock more than doubled yesterday.
  • Put buyers are blasting American Eagle stock ahead of earnings.
  • Plus, GameStop sinks on guidance; Under Armour upgraded; and Marriott reports a big data breach.

Stock Futures Chart Nov 30

5 Things You Need to Know Today

  1. The Chicago Board Options Exchange (CBOE) saw 886,977 call contracts traded on Thursday, compared to 506,021 put contracts. The single-session equity put/call ratio fell to 0.57, and the 21-day moving average slipped to 0.69.
  2. GameStop Corp. (NYSE:GME) stock, which has historically struggled during the holiday season, is down 12% in electronic trading, after the video game retailer slashed its full-year outlook. Three brokerages have already issued price-target cuts in response, including to $9 at Benchmark. As of yesterday's close, GME had shed 18.5% year-to-date, and nabbed a decade-plus low of $12.14 on Nov. 20.
  3. Under Armour Inc (NYSE:UAA) stock is up 1.4% ahead of the bell, after Wells Fargo upgraded the athleisure retailer to "market perform" from "underperform," while noting the bearish case for UAA "has run out of steam." UAA bounced off its supportive 320-day moving average in early November following an upbeat quarterly report, and has gained 70% year-over-year. 
  4. Marriott International Inc (NASDAQ:MAR) stock is down 4.6% in electronic trading, after the hotel chain reported hackers had accessed its Starwood guest database. The personal information of roughly 500 million guests has been tapped, including some payment and passport data. MAR stock had been rallying off its late October lows near $107, but is set to backpedal today.
  5. Today will also feature the Chicago purchasing managers manufacturing index (PMI) and the Baker-Hughes rig count. New York Fed President John Williams will close out the Fed speeches for the week. 

buzz stocks nov 30

Asian Markets Get G-20 Boost; Europe Sinks With Auto Sector

Asian markets closed mostly higher ahead of this weekend's highly anticipated Trump-Xi meeting. China's Shanghai Composite edged closer to recent resistance at the 2,600 level, adding 0.8%. Elsewhere in the region, Hong Kong's Hang Seng gained 0.2% and Japan's Nikkei rose 0.4% for its sixth straight win. South Korea's Kospi, however, fell 0.8% after the Bank of Korea hiked its benchmark interest rate.

Stocks in Europe are lower at midday, with pressure coming from the automotive and basic resources sectors ahead of this weekend's G-20 summit. Mining stocks, in particular, are taking a big hit in the U.K., with London's FTSE 100 last seen down 0.8%. The German DAX, meanwhile, is off 0.6%, and the French CAC 40 is 0.4% lower.


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