First Look

Stocks in the U.S. are higher Wednesday ahead of the open, while bonds and the dollar are lower. Federal Reserve Chairwoman Janet Yellen said in a speech that expectations for inflation seem to be declining, posing risk to the pricing goals should the central bank end its accomodative policies too early. Today’s session is likely to be marked by light volume as many traders take off early for the Thanksgiving holiday. The Dow Jones is up 0.22%, the Nasdaq is up 0.17%, the S&P 500 is up 0.13%.

Today's market outlook is Neutral

I've never eaten just a few bites of things I liked in my life.
John Madden

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Daily Action Trades for November 22, 2017

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Stocks on the Move

Deere & Company (DE), Cabot Oil & Gas Corporation (COG) and TechnipFMC plc Ordinary Share (FTI) are moving higher this morning, while Hewlett Packard Enterprise Co (HPE), HP Inc (HPQ) and Nucor Corporation (NUE) are headed lower. Kellogg Company (K), Dominion Energy Inc (D) and Pan American Silver Corp. (USA) (PAAS) were upgraded by analysts this morning, while Goldcorp Inc. (USA) (GG), Cracker Barrel Old Country Store, Inc. (CBRL) and salesforce.com, inc. (CRM) were downgraded.

International Markets

Stocks in Asia are up. The Hang Seng is up 0.62%, the Shanghai SE Composite Index is up 0.59%, the Nikkei 225 is up 0.48% the Australia ASX All Ordinaries is up 0.39% and the Mumbai Sensex is up 0.25%.In Europe stocks are mixed. The FTSE 100 is up 0.65%, the Euro Stoxx 50 is up 0.45%, the CAC 40 is up 0.37% and the DAX is down -0.05%.

Futures and Currencies

Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 1.04 at 57.87 per barrel. Brent crude is up 0.71 at 63.28 per barrel. Natural Gas is down -0.02 at 3. Precious metals are up this morning. Gold is up 5.4 at 1286.01 per ounce. Platinum is up 5.22 at 939.25 while silver is up 0.02 at 17.08. 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, 927,766 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 534,424 put contracts. The single-session put/call was 0.58 while the 20-day moving average is now at 0.64.

  • Last Price:
    $259.76
  • Previous Close:
    $259.99
  • Day's Range:
    $259.57 - $260.15
  • 52-week Range:
    $260.20 - $219.15
  • Last Price:
    $235.17
  • Previous Close:
    $235.73
  • Day's Range:
    $234.95 - $236.06
  • 52-week Range:
    $236.06 - $189.87
  • Last Price:
    $155.69
  • Previous Close:
    $155.50
  • Day's Range:
    $155.34 - $155.84
  • 52-week Range:
    $155.84 - $115.22

Today's Economic Calendar

What's Happening Period Release Time
MBA Mortgage Applications Index 11/18 07:00
Initial Claims 11/18 08:30
Continuing Claims 11/11 08:30
Durable Goods Orders Oct 08:30
Durable Goods –ex transportation Oct 08:30
Michigan Sentiment - Final Nov 10:00
Crude Inventories 11/18 10:30
Natural Gas Inventories 11/18 12:00
FOMC Minutes 11/11 14:00

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