Q2 STOCKS TO BUY

Stock Futures Shrug Off Trump Impeachment

The House voted on two counts of impeachment against President Trump

Managing Editor
Dec 19, 2019 at 9:15 AM
facebook X logo linkedin


Dow Jones Industrial Average (DJI) futures are modestly higher this morning, as investors brush off the political drama in Washington D.C. Last night, the House of Representatives voted to impeach President Donald Trump on two counts: abuse of power and obstruction of Congress. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are showing a flat open, as well, as investors also unpack a smaller-than-expected drop in weekly jobless claims and a big earnings beat from semiconductor concern Micron Technology (MU).

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

  • Breaking down FedEx's bad day.
  • Options traders zeroed in on CREE and SDC yesterday.
  • Plus, Olive Garden parent sinks after revenue miss; Seattle Genetics gets FDA nod; and Micron soars post-earnings.  

Stock Futures Chart Dec 19

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw 1.12 million call contracts traded on Wednesday, compared to 550,271 put contracts. The single-session equity put/call ratio fell to 0.49, while the 21-day moving average stayed at 0.59.
  2. Darden Restaurants, Inc. (NYSE:DRI) stock is down 4.1% ahead of the bell. While the restaurant chain's second-quarter earnings beat expectations, same-store sales came in soft. Going into today, DRI was up 16% on a year-to-date basis, though it recently failed near the 200-day moving average. 
  3. Seattle Genetics, Inc. (NASDAQ:SGEN) stock is up 6.4% in electronic trading, after the Food and Drug Administration (FDA) granted breakthrough therapy designation for the drugmaker's experimental treatment for bladder cancer. SGEN is set to open near its Nov. 25 record highs of $122.36, and has more than doubled in the last 12 months.
  4. The shares of Micron Technology, Inc. (NASDAQ:MU) are up 3.6% before the open, after the chipmaker's fiscal first-quarter earnings and revenue topped analyst expectations. The company also noted its current quarter represents a bottom for the struggling memory chip market. So far, 11 brokerages have issued price-target hikes to the red-hot chip stock
  5. The Philadelphia Fed manufacturing index, and existing home sales are due out today. A busier day for earnings includes Nike (NKE), Accenture (ACN), Carnival (CCL), Conagra (CAG), DRI, and Rite Aid (RAD).

Buzz Chart Dec 19

Asian Markets Mixed; Europe Eyes Bank of England Decision

Stocks in Asia were mixed on Thursday. Japan’s Nikkei, closed down 0.3%, after the Bank of Japan (BoJ) decided to hold its monetary policy steady, saying the country’s economy is "likely to continue on a moderate expanding trend." The Hang Seng in Hong Kong was also 0.3% lower, while South Korea’s Kospi eked out a 0.08% win as the semiconductor sector surged. Meanwhile, China’s Shanghai Composite finished flat. 

European markets are mostly lower at the halfway mark, with all eyes on the Bank of England’s (BoE) decision to hold its main interest rate steady for the time being. London’s FTSE 100 is inching higher in response, up 0.01%, while the CAC 40 in France is down 0.2%, and the German DAX has shed 0.5%, after several automakers, including BMW, said they would be exiting the North American car sharing market. 

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter