Stock Futures Move Lower Ahead of Big Tech Earnings

Oil price and bond yields are declining amid global economic slowdown fears

Digital Content Manager
Apr 25, 2022 at 9:16 AM
facebook twitter linkedin


Stock futures are looking to kick off the last week of April on a sour note. Futures on the Dow Jones Industrial Average (DJIA) are pacing for a 226-point drop this morning, after the blue-chip index logged its fourth-straight weekly loss and worst day since June 2020 on Friday. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are eyeing steep losses as well, as traders await this week's slew of Big Tech earnings. Elsewhere, oil prices and the 10-year U.S. Treasury yield are both falling, amid fears of a global economic slowdown.

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

  • How CEO Bernie Schaeffer beat Jim Cramer to the HSY punch.
  • Options bears blasted JetBlue stock after a downgrade.
  • Plus, Coca-Cola posts blowout earnings results; Twitter eyes deal with Elon Musk; and Kellogg stock downgraded.

Futures 0425

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.2 million call contracts traded on Friday, and 1,086,325 put contracts. The single-session equity put/call ratio rose to 0.87, and the 21-day moving average remained at 0.57.
  2. Coca-Cola Co (NYSE:KO) is up 1.3% ahead of the bell, after the company posted better-than-expected first-quarter earnings of of 64 cents per share, in addition to a revenue win. Longer term, the beverage name already sports a 19.9% year-over-year lead. 
  3. The shares of Twitter Inc (NYSE:TWTR) are up 5% before the open, as the social media name reportedly approached a takeover deal with Tesla (TSLA) CEO Elon Musk, who has $46.5 billion in financing secured. In the last three months, TWTR has added 40.5%.
  4. Kellogg Company (NYSE:K) is down 1.5% in the premarket, following Deutsche Bank's downgrade to "hold." The analyst in question noted high inflation, supply chain challenges, and workers' strikes. K has added 11.6% in the last six months, however.
  5. There are no economic indicators of note scheduled for today.

buzzapril25

European Markets Dip After French Presidential Election

Asian markets finished sharply lower today, taking a cue from their U.S. counterparts after Friday's selloff. China's Shanghai Composite led the losses with a 5.1% drop, as the country's Covid-19 lockdowns continue to put pressure on the economy, while Hong Kong's Hang Seng followed behind with a 3.7% fall. Elsewhere, Japan's Nikkei shed 1.9%, while the South Korean Kospi closed 1.8% lower.

Amid global pressure for stocks, European markets are lower midday as well. Eyes are on France, after Emmanuel Macron beat Marine Le Pen in the presidential election, gaining 58.5% in the last round of voting. The French CAC 40 and London FTSE 100 are both off 1.8% at last glance, while the German DAX has shed 1.2%.

 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Schaeffer's Daily Bulletin Offer
 


 


 
Special Offers from Schaeffer's Trading Partners