Dow Futures Eye 386-Pop on Upbeat Inflation Data

Upbeat earnings from Walmart is also helping the blue-chip benchmark

Digital Content Manager
Nov 15, 2022 at 9:07 AM
facebook twitter linkedin

Dow Jones Industrial Average (DJI) futures are higher this morning, last seen up 386 points thanks to upbeat earnings from Walmart (WMT). Also encouraging investors is the latest producer price index (PPI) reading, which showed wholesale prices rising 0.2% in October, as opposed to the 0.4% pop Wall Street anticipated. The cooler-than-expected inflation data also has S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures pointed higher, with all three benchmarks set to resume their rallies after yesterday's breather.

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

  • AMC stock surged on "Black Panther" success. 
  • Call traders doubled their money with this bank stock.
  • Plus, more on WMT earnings; quarterly win boosts TME; and the retailer nearing a major acquisition.

Futures 1115

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.6 million call contracts and 1 million put contracts traded on Monday. The single-session equity put/call ratio rose to 0.61, while the 21-day moving average stayed at 0.69.
  2. Walmart Inc (NYSE:WMT) is up 7.1% ahead of the open, after the retail giant reported a third-quarter top- and bottom-line win, thanks to strong grocery sales. The company also beat comparable sales expectations, and announced a $20 billion share buyback program. Year-over-year, WMT remains down 6.3%.
  3. Tencent Music Entertainment Group (NYSE:TME) shared better-than-expected third-quarter earnings and revenue earlier, following a jump in paid subscribers. The shares are up 9.9% in premarket trading, but have shed nearly 50% over the last 12 months.
  4. The shares of Estee Lauder Companies Inc (NYSE:EL) are up 2.1% before the bell, after The Wall Street Journal reported that the cosmetics name is nearing a $2.8 billion deal to buy luxury fashion brand Tom Ford, in what could be its biggest acquisition to date. Year-to-date, EL is down 40.4%.
  5. Today will bring the Empire state manufacturing index

OV Buzz Chart Nov 15

European Markets Modestly Higher After U.K. Jobs Data

Stocks in Asia moved higher today in the wake of Monday’s meeting between U.S. President Joe Biden and Chinese President Xi Jinping. Disappointing industrial production and retail sales data kept gains in check for China’s Shanghai Composite, though it still managed a healthy 1.6% advance. Elsewhere, Hong Kong’s Hang Seng jumped 4.1% thanks to a resurgent tech sector, South Korea’s Kospi climbed 0.2%, and Japan’s Nikkei closed flat.

European markets are sporting slim gains this afternoon, just after the U.K. posted unemployment growth of 3.6% for September and payrolls numbers that hit an all-time high of 29.8 million for October. Over in Germany, investor sentiment rose from November to October. At last glance, London’s FTSE 100 is sitting at breakeven, France’s CAC 40 is up 0.6%, and Germany’s DAX carries a 0.1% gain.


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners