Morning Update for July 20, 2018

First Look

Major U.S. equity indices are mixed ahead of the open Friday. The Nasdaq is pointed higher on the back of a stellar earnings report from Microsoft (MSFT). The broader gauges are both pointed lower after President Trump said this morning that he is ready to enact tariffs on $500 billion in goods imported from China. The Nasdaq is up 0.23%, the S&P 500 is down -0.09%, the Dow Jones is down -0.26%.

Today's market outlook is Neutral

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Stocks on the Move

Stanley Black & Decker, Inc. (SWK), Intuitive Surgical, Inc. (ISRG) and SunTrust Banks, Inc. (STI) are moving higher this morning, while Baker Hughes A GE Co (BHGE), State Street Corp (STT) and Regions Financial Corp (RF) are headed lower. Anixter International Inc. (AXE), RLI Corp. (RLI) and American Electric Power Company Inc (AEP) were upgraded by analysts this morning, while RPM International Inc. (RPM), Skechers USA Inc (SKX) and Yum China Holdings Inc (YUMC) were downgraded.

International Markets

Stocks in Asia are mixed. The Shanghai SE Composite Index is up 2.05%, the Hang Seng is up 0.76%, the Mumbai Sensex is up 0.4% the Australia ASX All Ordinaries is up 0.35% and the Nikkei 225 is down -0.29%. Stocks in Europe are down. The DAX is down -0.56%, the CAC 40 is down -0.54%, the Euro Stoxx 50 is down -0.31% and the FTSE 100 is down -0.23%.

Futures and Currencies

Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.41 at 69.87 per barrel. Brent crude is up 0.02 at 72.6 per barrel. Natural Gas is down -0.01 at 2.76. Precious metals are mixed this morning. Gold is up 2.28 at 1225.25 per ounce. Platinum is up 13.35 at 820.46 while silver is down -0.03 at 15.37. 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, 1,047,570 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 650,451 put contracts. The single-session put/call was 0.62 while the 20-day moving average is now at 0.61.

Earnings Expected Today

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  • Last Price:
    $283.82
  • Previous Close:
    $282.10
  • Day's Range:
    $282.48 - $284.17
  • 52-week Range:
    $286.63 - $241.83
  • Last Price:
    $253.21
  • Previous Close:
    $252.04
  • Day's Range:
    $252.23 - $253.55
  • 52-week Range:
    $265.93 - $215.73
  • Last Price:
    $181.45
  • Previous Close:
    $180.32
  • Day's Range:
    $180.04 - $181.66
  • 52-week Range:
    $182.93 - $140.18

Today's Economic Calendar

What's Happening Period Release Time
Nothing scheduled

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