Facebook Earnings Fuel Upside for S&P, Nasdaq Futures

Earnings reactions continue to drive stock markets this morning

Apr 25, 2019 at 9:16 AM
facebook X logo linkedin


Dow Jones Industrial Average (DJI) futures are signaling a lower start following Post-it parent 3M's (MMM) shocking earnings report -- which has the blue-chip stock down 8% in electronic trading. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are trading above fair value on a positive earnings reaction for Facebook (FB), with the FAANG stock up 8.6% ahead of the bell on a first-quarter adjusted profit and revenue beat.

Traders are also eyeing some economic data this morning, with durable goods jumping a much larger-than-expected 2.7% in March, while weekly jobless claims rose to their highest level in over two months last week. And oil prices are bouncing back from Wednesday's dip, with June-dated crude up 0.3% at $66.09 per barrel.

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

us premarket trading on april 25

5 Things You Need to Know Today

  1. The Chicago Board Options Exchange (CBOE) saw 1 million call contracts traded on Wednesday, compared to 596,515 put contracts. The single-session equity put/call ratio rose to 0.60, while the 21-day moving average remained at 0.61.
  2. In addition to reporting lower-than-expected first-quarter adjusted earnings and revenue, 3M Co (NYSE:MMM) cut its 2019 profit forecast. The consumer products giant also said it's restructuring, and will cut 2,000 jobs globally. After tagging an annual high of $219.74 yesterday, MMM stock is down 8.3% ahead of the bell, set to test the round $200 mark, home to its 120-day moving average, for the first time since early March.
  3. Microsoft Corporation (NASDAQ:MSFT) reported stronger-than-anticipated fiscal third-quarter profit and revenue, thanks to strong Windows revenue and cloud growth. A wave of price-target hikes has come through, too, including one to $155 from $150 at Wedbush. In reaction, MSFT stock is up 5.3% in pre-market trading, set to open at a record high of $131.46 per share -- and become the newest member of the $1 trillion market cap club.
  4. Tesla Inc (NASDAQ:TSLA) reported an adjusted loss of $1.77 per share in the first quarter, more than analysts were expecting, while CEO Elon Musk suggested "It's probably about the right time" to raise capital after the electric car concern said it ended the quarter with $2.2 billion in cash. A downgrade to "neutral" from "underperform" at Wedbush is increasing pressure, with TSLA stock down 1.5% ahead of the bell.
  5. Weekly jobless claims, durable goods orders, the Kansas City Fed manufacturing index, and the Fed's balance sheet are scheduled. Intel (INTC), Amazon (AMZN), AbbVie (ABBV), Bristol-Meyers (BMY), Cleveland-Cliffs (CLF), Comcast (CMCSA), GrubHub (GRUB), Mattel (MAT), Southwest Airlines (LUV), Starbucks (SBUX), United Parcel Service (UPS), and World Wrestling Entertainment (WWE) will report earnings.

stock market news april 25

Asian Stocks React to Dismal GDP Data from South Korea

Asian markets were mostly lower today, after South Korea's economy unexpectedly contracted during the first quarter -- resulting in the country's worst gross domestic product (GDP) reading since 2008. China’s Shanghai Composite was down 2.4%, Hong Kong’s Hang Seng lost 0.9%, and South Korea’s Kospi fell 0.5%. Meanwhile, Japan’s Nikkei was up 0.5% after the Bank of Japan stood pat on monetary policy.

Europe is in the red at midday, with investors eyeing post-earnings losses from the likes of Barclays and Nokia. London’s FTSE 100 is 0.6% lower, the French CAC 40 has suffered a 0.2% loss, and the German DAX has taken a 0.1% blow, after merger talks between finance giants Deutsche Bank and Commerzbank crumpled.

 

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