Morning Update for November 14, 2017

First Look

Stocks in the U.S. are a few ticks below the break-even mark Tuesday morning, after global equity indices slipped overnight. Data from China shows that country’s economy moderating, which hurt commodity and energy-linked shares. In Germany, GDP data came in above estimates, pushing the euro higher, which led to a loss for stock markets. The Nasdaq is down -0.12%, the Dow Jones is down -0.16%, the S&P 500 is down -0.21%.

Today's market outlook is Neutral

Weeds are flowers too, once you get to know them
A.A. Milne

Stocks on the Move

Advance Auto Parts, Inc. (AAP), Delphi Automotive PLC (DLPH) and O’Reilly Automotive Inc (ORLY) are moving higher this morning, while Phillips 66 (PSX), Freeport-McMoRan Inc (FCX) and Home Depot Inc (HD) are headed lower. Automatic Data Processing (ADP), The Coca-Cola Co (KO) and Knight-Swift Transportation Holdings Inc (KNX) were upgraded by analysts this morning, while Royal Caribbean Cruises Ltd (RCL), CF Industries Holdings, Inc. (CF) and General Electric Company (GE) were downgraded.

International Markets

Stocks in Asia are down. The Australia ASX All Ordinaries is down -0.84%, the Shanghai SE Composite Index is down -0.53%, the Mumbai Sensex is down -0.28% the Hang Seng is down -0.1% and the Nikkei 225 is down -0.01%.In Europe stocks are mixed. The FTSE 100 is up 0.17%, the DAX is down -0.18%, the CAC 40 is down -0.28% and the Euro Stoxx 50 is down -0.32%.

Futures and Currencies

Energy futures are down today. The price for West Texas Intermediate crude oil is down -0.3 at 56.46 per barrel. Brent crude is down -0.4 at 62.76 per barrel. Natural Gas is down -0.06 at 3.1. Precious metals are mixed this morning. Gold is down -2.59 at 1275.72 per ounce. Platinum is up 0.78 at 933.13 while silver is down -0.1 at 16.95. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, down against the Yen and up against the Pound.

Put/Call Ratio

Yesterday, 920230 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 632128 put contracts. The single-session put/call was 0.686923921193615 while the 20-day moving average is now at 0.65.

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:
  • Previous Close:
  • Day's Range:
    $288.66 - $290.32
  • 52-week Range:
    $293.94 - $233.76
  • Last Price:
  • Previous Close:
  • Day's Range:
    $264.36 - $265.93
  • 52-week Range:
    $269.28 - $216.97
  • Last Price:
  • Previous Close:
  • Day's Range:
    $186.29 - $187.79
  • 52-week Range:
    $187.93 - $143.46

Today's Economic Calendar

What's Happening Period Release Time
NFIB Small Business Optimism Index Oct 07:00
Core PPI Oct 08:30
PPI Oct 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 Privacy policy available upon request.