Q2 STOCKS TO BUY

Stock Futures Try to Climb Despite Weak Jobs Report

Stocks will try to keep pushing to new highs

Jan 10, 2020 at 9:06 AM
facebook X logo linkedin


U.S. stock futures are pointing to a positive open this morning, though they've pared some gains after a downbeat jobs report. Specifically, the nonfarm payrolls report for December showed 145,000 jobs added, compared to economists' expectations of 160,000. As such, the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) will need to overcome these headwinds to continue their push into record-high territory. Meanwhile, it's been another busy morning on the analyst front with a number of updates on big-name tech stocks, while investors are also considering M&A news out of the healthcare space.

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

US stock futures jan 10

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw 1.49 million call contracts traded on Thursday, compared to 723,324 put contracts. The single-session equity put/call ratio moved up to 0.40, while the 21-day moving average was 0.53.
  2. Bullish brokerage attention could help Facebook, Inc. (NASDAQ:FB) touch new highs today. FB shares received a new "outperform" rating from Bernstein, along with a $250 price target, with the firm suggesting the company can unlock new advertising opportunities in Instagram and WhatsApp. The social media giant yesterday notched its highest-ever close at $218.30.
  3. One name seeing bearish analyst attention today is Foot Locker, Inc. (NYSE:FL), after Susquehanna dropped its rating to "neutral" from "positive," and moved its price target down to $41 from $47. FL shares have been struggling to overcome the $40 level recently, last seen at $38.54.
  4. On the M&A front, traders are digesting news that Eli Lilly and Co (NYSE:LLY) is buying Dermira Inc (NASDAQ:DERM) for $1.1 billion. This caps off a blistering rally in DERM shares, which were trader near $5 in mid-October before surging to yesterday's close of $18.34.
  5. Today's economic calendar will include nonfarm payrolls, the unemployment rate, and wholesale inventories. Infosys (INFY) will post its quarterly report before markets open, as well. 

     

Buzz Chart Jan 10

Apple Suppliers Lead Gainers in China

Markets in Asia were mostly higher, with Apple suppliers surging after a Reuters report showed iPhone sales in China rose more than 18% in December. Japan's Nikkei gained 0.5%, despite dismal full-year guidance from Fast Retailing yesterday. South Korea's Kospi paced the region with a 0.9% gain. Hong Kong's Hang Seng added 0.3%, but China's Shanghai Composite bucked the broad market trend and finished 0.1% lower.

In Europe, stocks are mixed at midday. Global market sentiment concerning the Middle East has improved, despite the reports that the Ukraine-bound flight leaving Tehran was shot down by Iran by mistake. London's FTSE 100 is off by 0.1%, unable to capitalize off a big day from airline stocks Ryanair, EasyJet, and IAG. The French CAC 40 is flat as protests for pension reform sweep the country. Meanwhile, the German DAX is 0.2% higher, with utility company RWE a notable winner.

 
 

“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