Morning Update for February 13, 2018

First Look

U.S. stocks are lower ahead of the open Tuesday after two days of gains. A reading on consumer prices scheduled to be released tomorrow is likely to be a market mover, with a low reading potentially providing some relief, while a higher-than-expected reading would add to the fears about inflation and rising interest rates that have spurred recent volatility. The S&P 500 is down -0.33%, the Dow Jones is down -0.4%, the Nasdaq is down -0.41%.

Today's market outlook is Neutral

Jack Kerouac
Offer them what they secretly want and they, of course, immediately become panic stricken.
Jack Kerouac

Stocks on the Move

AmerisourceBergen Corp. (ABC), Under Armour Inc (UAA) and Aptiv PLC (APTV) are moving higher this morning, while Henry Schein, Inc. (HSIC), Patterson Companies, Inc. (PDCO) and Cardinal Health Inc (CAH) are headed lower. Annaly Capital Management, Inc. (NLY), Total SA (ADR) (TOT) and Unum Group (UNM) were upgraded by analysts this morning, while Validus Holdings, Ltd. (VR), AvalonBay Communities Inc (AVB) and BP plc (ADR) (BP) were downgraded.

International Markets

Stocks in Asia are mixed. The Hang Seng is up 1.29%, the Shanghai SE Composite Index is up 0.98%, the Australia ASX All Ordinaries is up 0.63% the Mumbai Sensex is closed and the Nikkei 225 is down -0.65%.In Europe stocks are mixed. The FTSE 100 is up 0.28%, the DAX is down -0.06%, the CAC 40 is down -0.11% and the Euro Stoxx 50 is down -0.23%.

Futures and Currencies

Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -0.45 at 58.84 per barrel. Brent crude is down -0.24 at 62.35 per barrel. Natural Gas is up 0.06 at 2.61. Precious metals are mixed this morning. Gold is up 3.05 at 1325.75 per ounce. Platinum is up 1.32 at 972.12 while silver is down -0.01 at 16.56. The dollar is down compared to the major currencies today. The greenback is down against the euro, down against the Yen and down against the Pound.

Put/Call Ratio

Yesterday, 839,057 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 565,147 put contracts. The single-session put/call was 0.67 while the 20-day moving average is now at 0.62.

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Today's Economic Calendar

What's Happening Period Release Time
NFIB Small Business Optimism Index Jan 6:00

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