Morning Update for March 13, 2018

First Look

Stocks are pointed higher ahead of the open Tuesday. Inflation data scheduled to be released today and tomorrow have the potential to move markets, with traders hoping for numbers to come in lower than expected. The Dow Jones is up 0.23%, the S&P 500 is up 0.21%, the Nasdaq is up 0.11%.

Today's market outlook is Neutral

Education is the ability to listen to almost anything without losing your temper or your self-confidence.
Robert Frost

Stocks on the Move

Micron Technology, Inc. (MU), United Continental Holdings Inc (UAL) and Intel Corporation (INTC) are moving higher this morning, while QUALCOMM, Inc. (QCOM), General Electric Company (GE) and Alaska Air Group, Inc. (ALK) are headed lower. Century Aluminum Co (CENX), Pampa Energia S.A. (ADR) (PAM) and Lincoln Electric Holdings, Inc. (LECO) were upgraded by analysts this morning, while Alteryx Inc (AYX), Cooper Tire & Rubber Co (CTB) and CF Industries Holdings, Inc. (CF) were downgraded.

International Markets

Stocks in Asia are mixed. The Nikkei 225 is up 0.66%, the Hang Seng is up 0.02%, the Mumbai Sensex is down -0.18% the Australia ASX All Ordinaries is down -0.4% and the Shanghai SE Composite Index is down -0.49%.In Europe stocks are mixed. The CAC 40 is up 0.28%, the Euro Stoxx 50 is up 0.14%, the DAX is down -0.07% and the FTSE 100 is down -0.32%.

Futures and Currencies

Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -0.07 at 61.29 per barrel. Brent crude is down -0.18 at 64.77 per barrel. Natural Gas is up 0.03 at 2.81. Precious metals are mixed this morning. Gold is down -3.7 at 1319.4 per ounce. Platinum is up 0.34 at 963.95 while silver is down -0.02 at 16.52. 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, 1,048,292 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 598058 put contracts. The single-session put/call was 0.570507072456911 while the 20-day moving average is now at 0.61.

Earnings Expected Today

Already a member?

Login to see your daily Morning Action trade idea.

Daily Action Trades for March 13, 2018

Receive a Morning Action trade idea every market day right here in the Morning Update, plus on Saturdays in our Stocks to Watch newsletter.

Learn more and join

  • Last Price:
    $291.13
  • Previous Close:
    $291.02
  • Day's Range:
    $291.02 - $291.65
  • 52-week Range:
    $293.94 - $248.08
  • Last Price:
    $265.74
  • Previous Close:
    $265.42
  • Day's Range:
    $265.56 - $266.12
  • 52-week Range:
    $267.61 - $221.99
  • Last Price:
    $183.51
  • Previous Close:
    $183.89
  • Day's Range:
    $183.36 - $183.99
  • 52-week Range:
    $187.52 - $142.10

Today's Economic Calendar

What's Happening Period Release Time
NFIB Small Business Optimism Index Feb 06:00
CPI Feb 08:30
Core CPI Feb 08:30

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.