The SPY Warning Sign to Watch Out For

Big banks are headlining the start of another earnings season

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Schaeffer's Opening View
4/14/2021
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Dow Futures on the Mend as Earnings Season Kicks Off


By: Lillian Currens

Stock futures are slightly higher this morning, as investors pore over quarterly reports from several big bank names that are kicking off yet another earnings season. Goldman Sachs (GS) and JPMorgan Chase (JPM) stepped into the earnings confessional, coming away with profits and revenues that exceeded analysts' estimates. Futures on the Dow Jones Industrial Average (DJI) are pointed up roughly 20 points, while futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also eyeing modest gains. 

Johnson & Johnson's (JNJ) Covid-19 vaccine pause could be keeping some of these premarket gains in check. Meanwhile, traders are also digesting the Labor Department's consumer price index (CPI), which rose 0.6% during the previous month, and 2.6% in the past year, exceeding Wall Street's expectations. 

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

  • Schaeffer's Senior Quantitative Analyst Rocky White unpacks the SPY's buy-to-open put/call ratio as market speculation ramps up. 
  • Checking in with one big-name soda stock before earnings. 
  • Plus, another MRNA vaccine update and 2 surging stocks getting bullish analyst coverage. 
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