Buy the Dip on This Blue-Chip Stock

Dow futures are up triple digits

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Schaeffer's Opening View
7/20/2021
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Stock Futures Eye a Rebound From Yesterday's Devastation


By: Lillian Currens

Stock futures are signaling a rebound this morning, with the Dow Jones Industrial Average (DJI) pointed over 150 points higher, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are poised for a big move into the black as well. The Dow is coming off its biggest drop in eight months, as fears over the spreading Covid-19 delta variant grip Wall Street. Meanwhile, the 10-year Treasury yield is still sitting near its five-year lows, last seen at 1.18%. Reopening stocks look ready to bounce back today, while the bank sector also looks ready to climb. Elsewhere, Bitcoin dropped back below the $30,000 level last night. 

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

  • Schaeffer's Senior Market Strategist Matthew Timpane unpacks VIX seasonality.
  • McDonald's stock is on sale ahead of earnings.
  • Plus, Nasdaq plans spinoff; and two blue-chips enjoying post-earnings pops. 
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