Stock Futures Higher After Disappointing First Session of 2023

The Dow is up triple digits ahead of the open

Deputy Editor
Jan 4, 2023 at 9:04 AM
facebook X logo linkedin


Stock futures are on the rise this morning, following a disappointing first trading day of 2023. Futures on the Dow Jones Industrial Average (DJIA) are up triple digits, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures point higher as well. Encouraging inflation data out of France and Germany is giving sentiment a boost, as investors look ahead to today's U.S. job openings and ISM manufacturing data. 

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

  • Why options bulls blasted this biotech stock
  • Chevron stock has a solid technical foundation. 
  • Plus, CRM announces restructuring plan; MSFT receives a downgrade; and AZN eyes more highs. 

Futures Jan4

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw over 1.2 million call contracts and 787,982 put contracts traded on Tuesday. The single-session equity put/call ratio fell to 0.63 and the 21-day moving average rose to 0.80.
  2. Salesforce Inc (NYSE:CRM) is up 1.7% premarket, after news that the blue-chip software giant is cutting about 10% of its staff in its new restructuring plan. CRM was a notable underperformer in 2022, down 47.2% year-over-year. 
  3. UBS downgraded Microsoft Corp (NASDAQ:MSFT) to "neutral" from "buy," with a price-target cut to $250 from $300, citing a series of field checks directed at the company's Azure and Office businesses. MSFT is down 2.3% in electronic trading. 
  4. AstraZeneca plc (NASDAQ:AZN) is up 1.6% before the bell, after the European Medicines Agency validated its Type II Variation application for its non-small cell lung cancer treatment. Should these gains hold, AZN will extend yesterday's record highs. 
  5. Once again, the ISM manufacturing index is scheduled today, along with job openings/quits, and the federal open market committee (FOMC) meeting minutes.      
     

buzzjan4

Euro Zone Data Gives Global Boost to Stocks

Asian markets were mostly higher today, led by Hong Kong’s Hang Seng 3.2% burst. Chinese technology and healthcare stocks listed in Hong Kong gave the bourse a major boost, with Baidu (BIDU) and Alibaba (BABA) both adding nearly 7%. Elsewhere, South Korea’s Kospi and China’s Shanghai Composite added 1.7% and 0.2%, respectively, while Japan’s Nikkei shed 1.5% as traders in the region looked ahead towards the U.S. Federal Reserve’s latest meeting minutes.

Stocks in Europe, meanwhile, are solidly higher, as investors unpack encouraging inflation data out of France and Germany that indicated the euro zone is seeing slowing consumer price increases across the board. At last glance, France’s CAC 40, Germany’s DAX, and London’s FTSE 100 are up 2%, 1.8%, and 0.4%, respectively.

 

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