Dow Futures Down as Intel, Exxon Weigh

Shutterfly and Ford stocks are hot after earnings

Apr 26, 2019 at 9:13 AM
facebook X logo linkedin

It's a busy morning on Wall Street, with traders eyeing another round of blue-chip earnings. Intel (INTC) stock is bracing for a big drop on the chipmaker's weak outlook, and oil major Exxon Mobil (XOM) is also lower after earnings. Elsewhere, traders are digesting the the latest gross domestic product (GDP) reading, which showed the U.S. economy grew at a much faster-than-anticipated 3.2% in the first quarter. At last check, Dow Jones Industrial Average (DJI) futures were below fair value, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) were signaling slow starts, too, even as FAANG stock Amazon (AMZN) pops post-earnings.

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

us premarket trading on april 26

5 Things You Need to Know Today

  1. The Chicago Board Options Exchange (CBOE) saw 1.2 million call contracts traded on Thursday, compared to 690,907 put contracts. The single-session equity put/call ratio fell to 0.60, while the 21-day moving average dropped to 0.60.
  2. Raymond James upgraded Shutterfly, Inc. (NASDAQ:SFLY) to "outperform" from "market perform, and lifted its price target to $57 from $55 -- a 35% premium to last night's close at $42.21. This follows the photo book specialist's slimmer-than-expected first-quarter per-share loss on strong revenue. SFLY stock is already up 5.6% week-to-date, and is slated to jump 6.3% at today's open.
  3. A Securities and Exchange Commission (SEC) filing showed Uber Technologies Inc. has a target valuation for its initial public offering (IPO) in a range of $80.5 billion to $91.5 billion, and priced its IPO at $44 to $50 per share. The filing also revealed PayPal Holdings, Inc. (NASDAQ:PYPL) will invest $500 million in the ride-sharing service. Uber will begin trading on the New York Stock Exchange (NYSE) early next month, under the ticker UBER.
  4. Ford Motor Company (NYSE:F) stock is up 6.8% in electronic trading, after the automaker reported first-quarter adjusted earnings of 44 cents per share. A price-target hike to $10 from $8 at Craig-Hallum is stoking the bullish flames, putting F stock on track to trade in double-digit territory for the first time since August.
  5. Consumer sentiment data is due, while Archer Daniels Midlands (ADM), Cabot Oil & Gas (COG), and Sony (SNE) will report quarterly results. The earnings calendar is packed next week, too, while jobs data will also be in focus.

stock market news april 26

Tokyo Stocks Drop as Yen Strengthens

Most Asian markets ended lower today, tracking Wall Street's soft Thursday finish. China's Shangai Composite fell 1.2%, South Korea's Kospi was down 0.5%, and Japan's Nikkei lost 0.2% as the yen strengthened ahead of the upcoming Golden Week holiday. Hong Kong’s Hang Seng bucked the trend to inch 0.2% higher.

European stocks are little changed at midday. The German DAX is 0.09% higher, despite a post-earnings slide from Deutsche Bank, and the French CAC 40 is also up 0.09% after tech giant Sopra Steria surpassed first-quarter revenue estimates. The London FTSE 100, however, is down 0.2% after Glencore said the U.S. Commodity Futures Trade Commission (CFTC) would be investigating the mining concern for "corrupt practices."


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