Buy the Dip in This Stay-at-Home Staple

Futures on the Dow are pointed roughly 59 points higher

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Schaeffer's Opening View
7/16/2021
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Retail Data, Stabilizing Bond Yields Give Stock Futures a Lift


By: Lillian Currens

Stock futures are eyeing muted gains this morning, with the Dow Jones Industrial Average (DJI) set for a quiet 59-point pop. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are looking to take back last night's losses, as reopening stocks strengthen and bond yields stabilize. The 10-year Treasury yield topped 1.3%, bolstered by Federal Reserve Chairman Jerome Powell's comments before Senate noting inflation was much higher than expected. A better-than-anticipated 0.6% rise in retail and food service sales last month is also creating some tailwinds this morning, with the number handily topping the 0.4% decline expected by economists. 

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

  • The blue-chip tech stock that looks primed for a bounce. 
  • Why bulls should bet big on the Zoom stock dip.
  • Plus, TAP reintroduces dividends; BNTX sees positive vaccine update; and MRNA joins the S&P 500. 
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