Pre-open movers U.S. stock futures traded higher in early pre-market trade. The Chicago PMI for May is schedule for release at 9:45 a.m. ET, while the pending home sales index for April will be released at 10:00 a.m. ET. The Federal Open Market Committee will release its latest Beige Book report at 2:00 p.m. ET. Dallas Federal Reserve Bank President Robert Kaplan is set to speak in New York City at 8:00 a.m. ET, while San Francisco Federal Reserve Bank President John Williams is set to speak in Seoul at 7:30 p.m. ET. Futures for the Dow Jones Industrial Average climbed 19 points to 21,034.00, while the Standard & Poor’s 500 index futures rose 2.75 points to 2,413.50. Futures for the Nasdaq 100 index climbed 15.25 points to 5,807.00. Oil prices traded lower as Brent crude futures fell 2.33 percent to trade at $50.63 per barrel, while US WTI crude futures dropped 1.97 percent to trade at $48.68 a barrel. A Peek Into Global Markets European markets were higher today, with the Spanish Ibex Index gaining 0.43 percent, STOXX Europe 600 Index rising 0.16 percent and German DAX 30 index gaining 0.42 percent. The UK’s FTSE index was trading higher by 0.41 percent, while French CAC 40 Index rose 0.23 percent. In Asian markets, Japan’s Nikkei Stock Average fell 0.14 percent, Hong Kong’s Hang Seng Index fell 0.16 percent, China’s Shanghai Composite Index gained 0.23 percent and India’s BSE Sensex fell 0.04 percent. Broker Recommendation Analysts at Baird upgraded VMware, Inc. VMW from Neutral to Outperform. VMware shares rose 0.84 percent to $97.55 in pre-market trading.
Scott Bauer of Trading Advantage suggested on Bloomberg Markets a bullish options strategy in Momo Inc (ADR) MOMO. The company is going to report earnings on Tuesday and the options market is anticipating a $5 move in either direction. Bauer thinks that the stock is going higher and he wants to buy the May 46/49 […]
Solis Tek Inc (OTCMKTS:SLTK) is a rising superstar in the green sector. They have vertically integrated their entire business model and even diversified to other related sectors to lessen their market risk. Let us shed light on this very interesting company whose product portfolio includes efficient indoor horticulture lighting, which has applications not only for the […]