Cannabis Giant Makes Big Purchase

Dow futures are off roughly 40 points this morning

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Schaeffer's Opening View
4/12/2021
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Stock Futures Sluggish After Last Week's Rally


By: Lillian Currens

Stock futures are muted this morning, as both the Dow Jones Industrial Average (DJI) and S&P 500 (SPX) look poised to slip from last week's wild rally that culminated in record highs for both indexes on Friday. The blue-chip index is eyeing a roughly 40-point drop, while S&P 500 futures are marginally in the red. Futures on the Nasdaq-100 Index (NDX) are also sitting just below breakeven, as the tech sector brushes off big pre-market moves from Tesla (TSLA), which just received an analyst upgrade.

Investors have much to look forward to this week, including bank names kicking off another earnings season, as well as several Federal Reserve updates, kicked off by Sunday's "60 Minutes" interview with Fed Chair Jerome Powell. The central bank leader reiterated comments that inflation would need to top 2% before officials makes moves to lift interest rates. 

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

  • This gambling stock's "buy" signal has never steered investors wrong.
  • The 9 cannabis stocks lighting up the charts last week. 
  • Plus, CMG upgraded; UAL drops on disappointing guidance; and BABA slapped with hefty fine. 
Share on Read More...
     

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