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Futures Higher Tuesday; Best Buy Shares Rise on Strong Earnings Report

Tuesday, November 22, 2022 08:20 AM | Neal Farmer

First Look

Futures are pointed higher Tuesday morning. Zoom Video (ZM) shares are down 8.92% this morning after it reported slower sales and cut its full-year revenue outlook. Meanwhile, Agilent (A) stock is 4.04% higher during premarket trading following the consumer electronics company's earnings and revenue beat. Lastly, shares of Best Buy (BBY) are up 7.16% after the retailer surpassed earnings and revenue estimates in addition to beating same-store sales expectations. Best Buy also held to its holiday-quarter forecast with demand for electronics remaining strong. The S&P is up 0.38%, the Dow Jones is up 0.34%, the Nasdaq is up 0.33%.

Today's Sentiment

Neutral

Quote of the Day

Revenge is not a positive state of mind or energy to indulge your self in.
Michael K. Williams

Daily Action Trade

Stocks on the Move

Higher

  • Best Buy Company (BBY)
  • Agilent Technologies (A)
  • Celanese Corp (CE)
  • Freeport-Mcmoran Inc (FCX)
  • Marathon Oil Corp (MRO)

Lower

  • Rollins Inc (ROL)
  • Medtronic Inc (MDT)
  • Amphenol Corp (APH)
  • Dollar General Corp (DG)
  • Vornado Realty Trust (VNO)

Upgrades & Downgrades

Upgrades

  • Activision Blizzard (ATVI)
  • Sensata Technologies Holding N.V (ST)
  • Green Brick Partners (GRBK)
  • BP Plc ADR (BP)
  • Neogen Cp (NEOG)
  • Walgreens Boots Alliance (WBA)

Downgrades

  • Amphenol Corp (APH)
  • Blackstone Inc (BX)
  • Wayfair Inc (W)
  • Western New England Bancorp Inc (WNEB)
  • Sea Ltd ADR (SE)
  • Petroleo Brasileiro S.A. Petrobr (PBR)

International Markets

Stocks in Asia are mixed. The Nikkei 225 is up 0.61%, the Australia ASX All Ordinaries is up 0.56%, the Mumbai Sensex is up 0.45% the Shanghai SE Composite Index is up 0.13% and the Hang Seng is down -1.31%. In Europe stocks are up. The FTSE 100 is up 0.59%, the Euro Stoxx 50 is up 0.15%, the DAX is up 0.09% and the CAC 40 is up 0.03%.

Futures & Currencies

Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 1.13 at 81.17 per barrel. Brent crude is up 1.3 at 88.75 per barrel. Natural Gas is down -0.15 at 6.62. Precious metals are up this morning. Gold is up 7.92 at 1745.97 per ounce. Platinum is up 10.42 at 995.36 while silver is up 0.37 at 21.44. 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. Bitcoin is down -1.72% to $15,875.24 while Ethereum is down -2.57% to $1,102.09.

Put/Call Ratio

Yesterday, 1,842,830 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,185,366 put contracts. The single-session put/call ratio was 0.64.

Today's Economic Calendar

No. What's Happening? Period Release Time
1 None scheduled for today

Earnings Expected Today

ADI, AMWD, BBY, BIDU, BURL, CD, CHS, CNF, CSIQ, DY, GOTU, IQ, KMDA, MDT, MOV, RERE, TDCX, VIPS, YSG

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