Stock Futures Slip Ahead of More Inflation Clues

The Fed will release its meeting minutes from last month later today

Digital Content Manager
May 25, 2022 at 9:13 AM
facebook X logo linkedin


Stock futures are sharply lower this morning, as investors brace for this afternoon's Federal Open Market Committee (FOMC) minutes release from last month's meeting. The 10-year Treasury yield is dipping lower ahead of the release, last seen around 2.7%. Meanwhile, futures on the Dow Jones Industrial Index (DJIA) are headed for a 131-point drop, while S&P 500 Index (SPX) and Nasdaq 100 Index (NDX) futures are also set for a sizable move below fair value. Elsewhere, oil prices are continuing their climb on fears over tightening supply; U.S. West Texas Intermediate (WTI) crude for June delivery was last seen up 1.2% at $111.03 per barrel.

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

  • Schaeffer's Senior Market Strategist Bryan Sapp finds growth stock that's a risk/reward play.
  • Can Teladoc stock recover from this year's tech selloff?
  • Plus, Trian explores potential Wendy's deal; INTU raised current-quarter guidance; and DKS eyes fresh annual highs after earnings.

futures may 25

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.02 million call contracts traded on Tuesday, and 786,146 put contracts. The single-session equity put/call ratio rose to 0.77, and the 21-day moving average stayed at 0.61.
  2. The shares of Wendy's Co (NASDAQ:WEN) are up 9.2% ahead of the bell, after the fast food chain announced Trian Fund Management, a long-time shareholder of the company, is exploring a possible acquisition or agreement. Trian already holds a 19.4% stake in WEN, which has lost 31.9% in 2021. 
  3. Intuit Inc. (NASDAQ:INTU) is up 1.4% this morning, even after the tech firm's fiscal third-quarter earnings and revenue beat, and raised current-quarter guidance. INTU has shed over 46% in the past six months, though it looks to have found a floor near the $352 level. 
  4. Dicks Sporting Goods Inc (NYSE:DKS) entered the earnings confessional with first-quarter profits and revenue that topped expectations, as well as a slimmer-than-expected drop in same-store sales. However, the sports retailer also issued a weaker-than-expected full-year forecast, sending DKS down 12.9% in premarket trading. The stock has lost over 37% this year and is set to open at its lowest level since January 2021. 
  5. Durable goods orders are due out on Wednesday

OV Buzz Chart May 25

Asian Markets Brush Off SEC Warning

Asian markets were mostly higher on Wednesday, as investors weighed comments from the U.S. Securities and Exchange Commission (SEC), which noted “time is running out” for audit inspection negotiations between the U.S. and China concerning dual-listed Chinese tech stocks. As a result, Alibaba (BABA), Baidu (BIDU), and JD.com (JD) each fell roughly 1.5%. Nonetheless, Hong Kong’s Hang Seng added 0.3%, while South Korea’s Kospi and China’s Shanghai Composite settled 0.4% and 1.2% higher, respectively. Elsewhere, Japan’s Nikkei was 0.3% lower.

Meanwhile, European markets are mostly lower, as Wall Street’s recent volatility and tech selloff weigh. In other news, German gross domestic product (GDP) for the first quarter added 0.2%, missing recession territory thanks to investments in construction and machinery. At last check, London’s FTSE 100 is 0.2% higher, the German DAX is 0.1% lower, and France’s CAC 40 is down 0.2%.

 

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