Stock Futures Set to Sustain New Year Surge

Covid-19 cases in the U.S. hit a daily record high yesterday

Managing Editor
Jan 4, 2022 at 9:19 AM
facebook X logo linkedin


Futures on the Dow Jones Industrial Average (DJI) are eyeing another move higher this morning, fresh off the blue-chip index's record close yesterday. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are poised to add to their 2022 gains as well, with energy and reopening stocks leading the charge. All of this optimism comes even after Johns Hopkins University reported a record 1,082,549 million new Covid-19 cases on Monday. Elsewhere, bond yields are on the rise, with the 10-year Treasury yield last seen at 1.6%.

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

  • Schaeffer's Senior V.P. of Research Todd Salamone revisits a key SPX trendline.
  • How options traders have been playing red-hot Nio stock.
  • Plus, Foot Locker downgraded; tech giant upgraded; and a big day for Microvision stock.   

Stock Futures Jan 4

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.9 million call contracts traded on Monday, and 823,348 put contracts. The single-session equity put/call ratio fell to 0.43, its lowest level since Nov. 22 and the 21-day moving average stayed at 0.48.
  2. Foot Locker Inc (NYSE:FL) stock is off by 4% in electronic trading, after J.P. Morgan Securities downgraded the retailer to "underweight" from "neutral."  The analyst in coverage is wary of Foot Locker's increasing competition. FL is battling its year-over-year breakeven level this morning.
  3. Hewlett Packard Enterprise Company (NYSE:HPE) stock is 2.5% higher ahead of the open, after Barclays upgraded the tech giant to "overweight" from "equal-weight."  HPE is on track to trade at its highest level since May.
  4. The shares of tech concern MicroVision Inc (NASDAQ:MVIS) are 11% higher before the bell, though the catalyst is unknown at the moment. MVIS was up only 2.4% year-over-year heading into today.
  5. Today will feature the S&P Case-Shiller U.S. home price index
buzzjan4

European Bourses Mimicking U.S. Equity Surge

Asian markets were mixed on Tuesday, with China’s Shanghai Composite closing 0.2% lower, despite new data showing strong Chinese factory activity growth for December. Meanwhile, Hong Kong’s Hang Seng settled slightly above breakeven with a 0.06% gain, as investors weighed news that China’s cyberspace regulator will require a security review before internet platforms with over 1 million users can list abroad. Elsewhere, South Korea’s Kospi inched just 0.02% higher, while Japan’s Nikkei added 1.8%.

European markets are on the rise, however, mirroring Wall Street’s upside momentum as stocks hit record highs. Reopening plays in the travel sector are sporting outsized gains, as traders continue to brush off the spread of the Covid-19 omicron variant, despite reimposed lockdowns and restrictions across the globe. At last check, London’s FTSE 100 is up 1.4%, France’s CAC 40 is 1.3% higher, and the German DAX carries a 0.8% lead.

 

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