First Look
Futures are pointed lower Friday. The Reddit rally in GameStop, AMC, and others appears set to continue today with Siebert Financial (SIEB) seemingly joining the mix today. Robinhood and other trading platforms have lifted some restrictions on trading these stocks, but some restrictions around options remain in place. Data on U.S. personal spending and PCE prices are expected to show a drop of 0.5% and a gain of 0.1% respectively when the report is released at 8:30 a.m. The Nasdaq is down -1.11%, the Dow Jones is down -1.21%, the S&P is down -1.22%.
Today's Sentiment
NeutralQuote of the Day
Nothing guarantees a championship. Nothing. Not having the best players, not practicing the most. Your best chance is if you do the right thing every day.
Marc Gasol
Daily Action Trade
Stocks on the Move
Higher
- LyondellBasell Industries NV (LYB)
- Newmont Corporation (NEM)
- Eli Lilly And Co (LLY)
- Iron Mountain Inc (IRM)
- Ventas, Inc. (VTR)
Lower
- ONEOK, Inc. (OKE)
- Chevron Corporation (CVX)
- Hilton Hotels Corporation Common Stock (HLT)
- D. R. Horton Inc (DHI)
- Lincoln National Corporation (LNC)
Upgrades & Downgrades
Upgrades
- Middlefield Banc Corp (MBCN)
- Origin Bancorp Inc (OBNK)
- Western Digital Corp (WDC)
- PulteGroup, Inc. (PHM)
- HyreCar Inc (HYRE)
- Eagle Bancorp, Inc. (EGBN)
Downgrades
- Xilinx, Inc. (XLNX)
- Meritage Homes Corp (MTH)
- 3D Systems Corporation (DDD)
- CBTX Inc (CBTX)
- Airgain Inc (AIRG)
- Lexicon Pharmaceuticals, Inc. (LXRX)
International Markets
Stocks in Asia are down. The Nikkei 225 is down -1.89%, the Mumbai Sensex is down -1.26%, the Hang Seng is down -0.94% the Shanghai SE Composite Index is down -0.63% and the Australia ASX All Ordinaries is down -0.38%.Stocks in Europe are down. The FTSE 100 is down -1.28%, the Euro Stoxx 50 is down -1.11%, the CAC 40 is down -1.1% and the DAX is down -0.96%.
Futures & Currencies
Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.04 at 52.38 per barrel. Brent crude is up 0.31 at 55.84 per barrel. Natural Gas is up 0.01 at 2.67. Precious metals are up this morning. Gold is up 24.11 at 1867.28 per ounce. Platinum is up 21.43 at 1098.86 while silver is up 1.56 at 27.48. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and down against the Pound.
Put/Call Ratio
Yesterday, 2,321,842 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 927,581 put contracts. The single-session put/call ratio was 0.4.
Today's Economic Calendar
| No. | What's Happening? | Period | Release Time |
|---|---|---|---|
| 1 | Personal Income | Dec | 8:30 |
| 2 | Personal Spending | Dec | 8:30 |
| 3 | PCE Prices | Dec | 8:30 |
