First Look
Futures are mixed Friday morning. New factory price data from China reignited some inflation concerns as producer prices rose last month by the most since mid 2018. Fed Chair Jerome Powell reiterated Thursday that the central bank would react if inflation expectations moved above tolerable levels. Core Producer Price Index (PPI) for March is set to release at 8:30 a.m. and is expected to rise 0.2% as it did in February. The Dow Jones is up 0.28%, the S&P is up 0.15%, the Nasdaq is down -0.15%.
Today's Sentiment
BullishQuote of the Day
True greatness consists in being great in little things.
Charles Simmons
Daily Action Trade
Stocks on the Move
Higher
- Charles Schwab Corporation Common Stock (SCHW)
- Carnival Corp (CCL)
- Cabot Oil & Gas Corporation (COG)
- Royal Caribbean Cruises Ltd (RCL)
- Norwegian Cruise Line Holdings Ltd (NCLH)
Lower
- Hanesbrands Inc. (HBI)
- Boeing Co (BA)
- General Dynamics Corporation (GD)
- Twitter Inc (TWTR)
- Inovalon Holdings Inc (IOV)
Upgrades & Downgrades
Upgrades
- Carnival Corp (CCL)
- Charles Schwab Corporation Common Stock (SCHW)
- Essex Property Trust Inc (ESS)
- Dana Inc (DAN)
- Okta Inc (OKTA)
- Philip Morris International Inc. (PM)
Downgrades
- Altice USA Inc (ATUS)
- Moelis & Co (MC)
- General Dynamics Corporation (GD)
- New Frontier Health Corp (NFH)
- Provention Bio Inc (PRVB)
- British American Tobacco PLC (BTI)
International Markets
Stocks in Asia are mixed. The Nikkei 225 is up 0.2%, the Australia ASX All Ordinaries is up 0.03%, the Mumbai Sensex is down -0.31% the Shanghai SE Composite Index is down -0.92% and the Hang Seng is down -1.07%. In Europe stocks are mixed. The CAC 40 is up 0.21%, the Euro Stoxx 50 is up 0.1%, the DAX is up 0.09% and the FTSE 100 is down -0.14%.
Futures & Currencies
Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -0.16 at 59.44 per barrel. Brent crude is down -0.31 at 62.89 per barrel. Natural Gas is flat 0 at 2.52. Precious metals are down this morning. Gold is down -13.9 at 1741.94 per ounce. Platinum is down -20.11 at 1212.39 while silver is down -0.33 at 25.26. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound.
Put/Call Ratio
Yesterday, 1,520,676 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 683,964 put contracts. The single-session put/call ratio was 0.45.
Today's Economic Calendar
| No. | What's Happening? | Period | Release Time |
|---|---|---|---|
| 1 | Core PPI | Mar | 8:30AM |
| 2 | PPI | Mar | 8:30AM |
