Q2 STOCKS TO BUY

Dow Futures Up After Inflation Data

Inflation edged higher in August

Sep 11, 2019 at 9:17 AM
facebook X logo linkedin


Dow Jones Industrial Average (DJI) futures are modestly above fair value this morning, after the blue-chip index muscled to a fifth straight win on Tuesday. This comes after China's Finance Ministry unveiled a list of U.S. goods exempt from retaliatory tariffs, including cancer drugs and pesticides. Traders are also eyeing the latest producer price index (PPI), which edged up 0.1% in August, while wholesale inflation rose 0.4%, as well as President Donald Trump's Twitter feed. In addition to tweeting about "Fake News" this morning, the president has also suggested the Fed bring "interest rates down to ZERO, or less."

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

us premarket trading on sept 11

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw 1.15 million call contracts traded on Tuesday, compared to 747,046 put contracts. The single-session equity put/call ratio rose to 0.65, while the 21-day moving average stayed at 0.83.
  2. Longbow Research upgraded Micron Technology, Inc. (NASDAQ:MU) to "buy" from "neutral," citing improving trends in memory fundamentals. Wells Fargo also chimed in, raising its MU price target to $60 from $50. This brings the number of bull notes Micron has received this week to three, and has the chip stock up 1.8% ahead of the bell -- eyeing its first trek above the round $50 mark since last September.
  3. Furniture retailer Lovesac Co (NASDAQ:LOVE) reported a slimmer-than-anticipated second-quarter loss of 31 cents per share, while revenue of $48.1 million -- up 44.8% year-over-year -- also beat the consensus estimate. After closing last night at $18.41, down 19.8% year-to-date, LOVE stock is poised to jump 20% out of the gate.
  4. The shares of GameStop Corp. (NYSE:GME) are down 16.5% in electronic trading, after the video game retailer said new hardware sales plunged 41% in the second quarter. As such, GME's second-quarter loss of 32 cents per share missed the consensus estimate, while quarterly revenue sank 14.3%, and same-store sales slumped 11.6%. The stock had been rebounding off its Aug. 15 bottom at $3.15, but recently ran into resistance at its 80-day moving average.
  5. Crude inventories data is due. Aurora Cannabis (ACB) and Tailored Brands (TLRD) will report earnings.

buzz stocks sept 11

Stimulus Hopes Boost Hong Kong, European Stocks

Markets in Asia were mostly higher today, with China's Shanghai Composite being the exception, down 0.4% following news that the country’s Ministry of Finance will leave 16 American products exempt from more tariffs. Stimulus expectations buoyed stocks in Hong Kong, specifically in the financial and property sectors, with the Hang Seng up 1.8% to a new six-week high. South Korea's Kospi got a lift, too, tacking on 0.8%. Elsewhere, Japan's Nikkei collected a 1% win as the yen continues to weaken.

European stocks are up at midday, as investors eye Thursday's European Central Bank (ECB) decision with hopes of a new government stimulus package. The French CAC 40 is up 0.6%, while the DAX in Germany has added 0.9%. Meanwhile, London's FTSE 100 is up nearly 1% on merger developments, with London Stock Exchange Group (LSE) trading more than 5% higher after Hong Kong Exchanges and Clearing Limited (HKEX) proposed an unsolicited $36.6 billion takeover.

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter