Morning Preview: April 26th, 2017

eOptionDaily Market Report

U.S. futures are poised to open higher ahead of an expected day of busy earnings reports and the expectations of significant corporate tax cuts from the Trump administration. The Trump administration is due to reveal a “massive” tax package later on Wednesday that will deliver cuts bigger than “any tax cut ever,” the president has said. Overnight, reports out of … Read More

Market Review: Nasdaq Closes Above 6,000 In Earnings Fueled Rally

eOptionDaily Market Report

Equity Market Recap New all-time records for the Nasdaq Composite (first close above 6,000) and the small cap Russell 2000 Index (intraday), while the Dow Industrials and S&P 500 trade not far from their record highs. Just a day after surging on macro and geopolitical events (French election results and hopes for Trump tax reform details this week), markets kicked … Read More

Mid-Day Outlook: April 25th, 2017

eOptionDaily Market Report

Equities in the U.S. surge for a second day, propelled higher yesterday on macro and geopolitical events (French election results and hopes for Trump tax reform details this week), while today’s move is based on continued momentum after strong earnings results from several Dow components. The Nasdaq Composite opened above the 6,000 level for the first time ever, while the … Read More

Morning Preview: April 25th, 2017

eOptionDaily Market Report

U.S. stock futures are adding to yesterday’s gains ahead of one of the busiest earnings weeks of the season, as Dow components DD, MCD, MMM and CAT are among those reporting quarterly results this morning. Investors will also be watching for data on confidence, home prices and home sales. Stocks surged on Monday, with major U.S. averages ending higher by … Read More

Market Review: April 24th, 2017

eOptionDaily Market Report

Equity Market Recap U.S. stocks ended near their best levels of the day, closing above 1%, led by gains in financials and technology, while energy and defensive sectors underperformed. Stock futures jumped overnight in reaction to results from the first round of the French presidential election, along with hopes for tax reform this week from President Trump (promised news this … Read More

Mid-Day Outlook: April 24th, 2017

eOptionDaily Market Report

Global markets surge in relief rally amid reaction to results from the first round of the French presidential election. New record highs for Nasdaq Composite, now coming within 17 points of the 6,000 level ahead of a busy week of corporate earnings (note 29 Nasdaq 100 stocks have hit 52-week highs today…most since November 2014). Nearly 190 S&P companies report … Read More

Morning Preview: April 24th, 2017

eOptionDaily Market Report

U.S. equity futures are soaring early, tracking developments in Europe, after Centrist Emmanuel Macron and far-right leader Marine Le Pen are now set to face each other in a May 7 runoff for the French presidency after coming first and second in the first round of voting. Markets are also getting an additional boost after President Trump vowed to announce … Read More

Morning Preview: April 21st, 2017

eOptionDaily Market Report

Stock futures are little changed globally, flat in the U.S. while Asia (outside of Japan) and Europe are also mixed. Fundamentals grabbed headlines this week as the first full week of quarterly earnings is in the books, mixed with large cap Dow components mostly disappointing this week. But going into the weekend, macro factors will once again take center-stage with … Read More