Schaeffer's Top Stock Picks for '25

Oil, Fed Fears Pressure Dow Jones Industrial Average Futures

The Risk Worth Hedging

Sep 13, 2016 at 9:14 AM
facebook X logo linkedin


Dow Jones Industrial Average (DJIA) futures are signaling a significantly lower start, as slipping oil prices and lingering Fed jitters weigh on stocks. October-dated crude futures are down 2.7% at $45.06 per barrel, after the International Energy Agency (IEA) slashed its oil demand forecast for this year and next, and warned of oversupply well into 2017. Yesterday's dovish comments from Fed Governor Lael Brainard served to bolster stocks yesterday, but the Dow is poised to give up a healthy portion of those gains today, with the central bank going into "blackout" mode ahead of next week's key policy meeting.

Continue reading for more on today's market, including: 

160913OV1

Futures on the Dow Jones Industrial Average (DJIA) are about 116 points below fair value.

5 Things You Need to Know Today
 

  1. European markets are higher, though concerns about crude oil prices and oversupply are weighing on energy stocks.
  2. The Chicago Board Options Exchange (CBOE) saw 748,046 call contracts traded on Monday, compared to 480,659 put contracts. The resultant single-session equity put/call ratio fell to 0.64, while the 21-day moving average rose to 0.65.
  3. Netflix, Inc. (NASDAQ:NFLX) is set to open down 1.5%, following a downgrade to "underperform" from "neutral" by Macquarie. The brokerage firm said several factors could weigh on the streaming content provider in the near-term, including high content costs and increased competition from Amazon.com, Inc. (NASDAQ:AMZN) and foreign competitors.
  4. Apple Inc. (NASDAQ:AAPL) is up 1% in electronic trading, as reports trickle in about record iPhone 7 pre-orders. The upcoming AAPL products have been met with mixed reviews since the tech giant's product reveal last Wednesday. 
  5. Polaris Industries Inc (NYSE:PII) is set to drop another 0.8% out of the gate, after yesterday hitting a seven-month low on a downwardly revised full-year forecast. This news was met with a barrage of negative analyst attention, including a downgrade to "sector weight" from "overweight" at Keybanc, and no fewer than four price-target cuts, including a drop to $69 from $88 by RBC Capital.

Buzz Stocks Sept 13

Earnings and Economic Data

The Treasury budget is due out today. The earnings calendar is relatively empty. To see what else is coming up on this week's schedule, click here

Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check
 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));