Signal Says Don't Sweat the CVS Pullback

Dow futures are firmly lower this morning

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Schaeffer's Opening View
4/30/2021
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Stock Futures Pointed Lower Despite Blowout Amazon Report


By: Fernanda Horner

Futures on the Dow Jones Industrial Average (DJI) are staring at a 136-point drop this morning, unable to build on yesterday's triple-digit flourish. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also firmly in the red, even after Amazon.com's (AMZN) quarterly results came in well above analysts' estimates.

Yesterday, Fed Chair Jerome Powell noted the central bank will need to see sustained inflation at 2% before hiking up interest rates. Meanwhile, fresh personal consumption expenditures data revealed prices have already added 1.8% over the past 12 months.

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

  • Buy the dip on CVS stock.
  • This agriculture name tends to make big post-earnings moves.
  • Plus, Twitter could face a user growth slowdown; more on Amazon.com's blowout report; and why Clorox slashed its full-year forecast.
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