Dow Futures on the Mend as Earnings Season Kicks Off

Dow futures are up roughly 20 points ahead of the open

Digital Content Manager
Apr 14, 2021 at 9:14 AM
facebook X logo linkedin

Stock futures are slightly higher this morning, as investors pore over quarterly reports from several big bank names that are kicking off yet another earnings season. Goldman Sachs (GS) and JPMorgan Chase (JPM) stepped into the earnings confessional, coming away with profits and revenues that exceeded analysts' estimates. Futures on the Dow Jones Industrial Average (DJI) are pointed up roughly 20 points, while futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also eyeing modest gains. 

Johnson & Johnson's (JNJ) Covid-19 vaccine pause could be keeping some of these premarket gains in check. Meanwhile, traders are also digesting the Labor Department's consumer price index (CPI), which rose 0.6% during the previous month, and 2.6% in the past year, exceeding Wall Street's expectations. 

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

  • Schaeffer's Senior Quantitative Analyst Rocky White unpacks the SPY's buy-to-open put/call ratio as market speculation ramps up. 
  • Checking in with one big-name soda stock before earnings. 
  • Plus, another MRNA vaccine update and 2 surging stocks getting bullish analyst coverage. 

futures chart apr 14

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw roughly 1.8 million call contracts traded on Monday, and 813,778 put contracts. The single-session equity put/call ratio fell to 0.44 and the 21-day moving average stayed at 0.46.
  2. The shares of  Moderna Inc (NASDAQ:MRNA) are extending yesterday's gains, tacking on 2.7% ahead of the bell, after the company said its Covid-19 vaccine showed over 90% efficacy six months following the second shot, based on a study of over 900 cases. 
  3. Wedbush just initiated coverage on Snap Inc (NYSE:SNAP) with an "outperform" rating. The analyst commended SNAP's unique position as a video-focused social media platform, adding that there's growth opportunities in its social commerce and augmented reality units. SNAP is up 2.5% ahead of the open. 
  4. Meanwhile, Bank of America started coverage on Harley-Davidson Inc (NYSE:HOG), with a "buy" rating, citing the motorcycle company's recent business strategy of "elevating an iconic global  brand." Shares of HOG are up 2.7% in premarket trading. 
  5. Today's economic calendar brings the import price index and the Federal Reserve's latest "Beige Book" report.


Antitrust Agreement Sends Asian Stocks Higher

Stocks in Asia were mostly higher in today's session, with the exception of Japan's Nikkei, which dipped 0.4%. Among the winners, Hong Kong's Hang Seng had the best day with a 1.4% gain, after a handful of tech giants agreed to comply with new antitrust laws. Meanwhile, China's Shanghai Composite added 0.6%, and the South Korean Kospi tacked on 0.4%.

In Europe, stocks are mixed midday, as investors eye plenty of quarterly reports amid data showing the euro zone industrial falling 1% in February – lower than the expected 1.1%. At last check, London's FTSE 100 is enjoying a 0.4% gain. Elsewhere, the French CAC 40 is up 0.5%, and the DAX in Germany has lowered 0.07%.


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