Dow Futures Fall on Trade Uncertainty

Stocks look set to pull back from last week's gains

Oct 14, 2019 at 9:07 AM
facebook X logo linkedin

Dow Jones Industrial Average (DJI) futures are trading below fair value this morning. Stocks look set to cool from last week's trade-induced rally, with Bloomberg reporting that China may want more talks later this month with the U.S. before it formally commits to any type of deal. Aside from trade buzz, there's little else on the schedule today that could cause an outsized move in stocks, as many investors likely prepare for the start of third-quarter earnings season tomorrow.

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

US stock futures oct 14

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw 1.56 million call contracts traded on Friday, compared to 790,926 put contracts. The single-session equity put/call ratio moved down to 0.51, while the 21-day moving average was 0.69.
  2. The housing sector has outperformed in 2019, recently getting a boost from Lennar's (LEN) strong earnings. However, Susquehanna this morning downgraded Toll Brothers Inc (NYSE:TOL) to "neutral" from "positive," as the shares test the $39-$40 area that previously served as resistance earlier this year.
  3. Another analyst is saying to sell CrowdStrike Holdings Inc (NASDAQ:CRWD), with Citigroup starting coverage with a "sell" rating and $43 price target. Goldman Sachs on Friday also said to sell the cybersecurity stock. Down 7.2% pre-market, CRWD could test record lows today.
  4. Aurora Cannabis Inc (NYSE:ACB) received a bear note from MKM Partners, which wrote that pricing has softened in the pot industry, and the gap between legal and illegal weed is growing. The brokerage firm expects the marijuana company's fiscal first-quarter results to come in weaker than expected. 
  5. The economic schedule is bare today, but the earnings schedule ramps up tomorrow.

stock market news oct 14

Asian Markets Rise on Trade Hopes

Asian markets closed higher, as investors cheered signs of progress on the U.S.-China trade front. China's Shanghai Composite outpaced its regional peers, adding 1.2% after weaker-than-anticipated import and export data for September. Meanwhile, surging chip stocks created tailwinds in South Korea, with the Kospi climbing 1.1%, while Hong Kong's Hang Seng added 0.8%. Japan's Nikkei was closed for holiday.

Stocks in Europe have turned lower at midday, as speculators fret about a lack of details in both the partial trade deal between Washington and Beijing, as well as the Brexit plans put forth by U.K. Prime Minister Boris Johnson. At last check, London's FTSE 100 is down 0.4%, the German DAX is off 0.6%, and the French CAC 40 is 0.7% 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