Morning Update: Domestic and global stocks up

First Look

Stocks are up ahead of the opening bell Friday morning. U.S. equity futures are up heading into the weekend with Chicago Fed President Charles Evans providing a positive outlook on economic growth and interest rates, saying that they can be “patient” with additional increases. Yesterday’s late-day rally came after a report was released on the possibility of the U.S. rolling back tariffs on China, with administration officials seeking to ease trade war tensions. Netflix posted a beat on earnings per share at $0.30, beating the $0.24 Wall Street estimates, but barely missing revenue expectations of $4.21 billion, falling short with $4.19 billion, sending shares 5% lower in after-hours. The company also set lower growth expectations for the next quarter, falling short of the Wall Street consensus. NFLX is currently down 2.81% in pre-market trading. The Dow Jones is up 0.65%, the Nasdaq is up 0.56%, the S&P 500 is up 0.48%.

Today's market outlook is Neutral

An investment in knowledge pays the best interest.
Benjamin Franklin

Stocks on the Move

SunTrust Banks, Inc. (STI), Schlumberger Limited. (SLB) and CVS Health Corp (CVS) are moving higher this morning, while Netflix, Inc. (NFLX), Regions Financial Corp (RF) and Eli Lilly And Co (LLY) are headed lower. Chevron Corporation (CVX), Valero Energy Corporation (VLO) and Arista Networks Inc (ANET) were upgraded by analysts this morning, while United States Steel Corporation (X), Signet Jewelers Ltd. (SIG) and Nautilus, Inc. (NLS) were downgraded.

International Markets

Stocks in Asia are up. The Shanghai SE Composite Index is up 1.42%, the Nikkei 225 is up 1.29%, the Hang Seng is up 1.25% the Australia ASX All Ordinaries is up 0.53% and the Mumbai Sensex is up 0.03%. In Europe stocks are up. The DAX is up 1.9%, the Euro Stoxx 50 is up 1.69%, the CAC 40 is up 1.59% and the FTSE 100 is up 0.86%.

Futures and Currencies

Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.73 at 52.8 per barrel. Brent crude is up 0.8 at 61.98 per barrel. Natural Gas is down -0.15 at 3.26. Precious metals are down this morning. Gold is down -9.15 at 1282.9 per ounce. Platinum is down -3 at 807.34 while silver is down -0.1 at 15.44. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and up against the Pound.

Put/Call Ratio

Yesterday, 1,307,123 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 679,779 put contracts. The single-session put/call was 0.52 while the 20-day moving average is now at 0.69.

Earnings Expected Today

Already a member?

Login to see your daily Morning Action trade idea.

Morning Action Trades

Receive a Morning Action trade idea every market day right here in the Morning Update. Also get our Stocks to Watch newsletter every Saturday with trade ideas.

Become A Member

  • Last Price:
    $288.81
  • Previous Close:
    $284.65
  • Day's Range:
    $284.71 - $289.33
  • 52-week Range:
    $302.23 - $233.76
  • Last Price:
    $258.82
  • Previous Close:
    $255.69
  • Day's Range:
    $256.87 - $259.25
  • 52-week Range:
    $273.99 - $216.97
  • Last Price:
    $185.48
  • Previous Close:
    $182.55
  • Day's Range:
    $184.10 - $185.95
  • 52-week Range:
    $195.55 - $143.46

Today's Economic Calendar

What's Happening Period Release Time
Industrial Production Dec 09:15
Capacity Utilization Dec 09:15
Univ. of Michigan Consumer Sentiment - Prelim Jan 10:00

All stocks and options shown are examples only. These are not recommendations to buy or sell any security and they do not represent in any way a positive or negative outlook for any security. Potential returns do not take into account your trade size, brokerage commissions, taxes or our subscription fees which will affect actual investment returns. Stocks and options involve risk and are not suitable for all investors and investing in options carries substantial risk. Prior to buying or selling options, a person must receive a copy of Characteristics and Risks of Standardized Options available at http://www.cboe.com/Resources/Intro.aspx. Privacy policy available upon request.