FAANG Stock to Own This Quarter

Schaeffer's Opening View

Oil prices are signaling a pullback today

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Opening View
 
 

4/06/2020

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Stock Futures Soar Amid Upbeat COVID-19 Rhetoric

By Patrick Martin

Share On

Dow Jones Industrial Average (DJI) futures look ready to kick off the week with a flourish, sitting over 700 points above fair value. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also sharply higher before the open, as investors are encouraged by somewhat upbeat coronavirus rhetoric coming from the White House yesterday that touted stabilizing hospital rates. Plus, death rates in Europe are slowing, underscoring the effectiveness of social distancing. Oil prices appear ready to pull back today, with May-dated crude futures down 3.1% to trade at $27.47 per barrel.

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

  • One reason to target Netflix stock now. 
  • Apple stores will be closed until May.
  • Plus, United Airlines limits NYC exposure; Kraft ramps up packaged food volume; and eBay stock upgraded.
>> Continue reading...
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