Featured Partner

Dow Jones Futures Down 110 Points Ahead of a Busy Day of Data

Money Morning Contributor
Font Size:

Good morning! For Tuesday, Nov. 24, here are your Dow Jones futures, earnings reports, top stock market news, and stocks to watch…

Stock Futures Today

Dow Jones futures
Dow futures were down 110 points ahead of opening bell. Investors will watch this morning for the release of the third-quarter GDP report, the Case-Shiller housing report, and the October consumer confidence report.

On Monday, the DJIA dropped 31 points thanks to a small sell-off in key components like Apple Inc. (Nasdaq: AAPL), Goldman Sachs Group Inc. (NYSE: GS), and Boeing Co. (NYSE: BA). Investors kept an eye on oil prices and reacted to a negative housing report. The National Association of Realtors announced existing home sales slipped 3.4% in October to a seasonally adjusted annual rate of 5.36 million. The report suggested that would-be buyers are standing on the sidelines and no rush has been seen by housing agents ahead of the Federal Reserve’s plan to raise interest rates.

Top News in the Stock Market Today

  • The Stock Market Today: On Tuesday, keep an eye out for an update on third-quarter GDP, the Case-Shiller housing index, a monthly update on international trade, and the October report on consumer confidence.
  • Oil Outlook: Oil pricesmade headlines this morning on news that Saudi Arabia plans to provide a support level on crude moving forward. January WTI prices gained 0.7% to hit $42.05 per barrel. Meanwhile, Brent oil crude – priced in London – gained 0.7% to hit $45.12. The Saudi Arabian cabinet met and said that it will work with both OPEC and non-OPEC countries to find price stability. Prices have been under pressure due to a rising U.S. dollar that is only poised to gain strength as the Fed prepares to hike rates.

Earnings Outlook: HPQ, TIF, DLTR, DSW, SDRL, GES, CPB, HRL, CHS

  • Earnings Report No. 1, HPQ: After the bell, Hewlett-Packard Inc.(NYSE: HPQ) will report fiscal fourth-quarter earnings. Wall Street anticipates that the company will report an EPS of $0.44 on top of $12.835 billion in revenue.
  • Earnings Report No. 2, TIF: Before the bell, Tiffany & Co.(NYSE: TIF) will report third-quarter earnings. The luxury jewelry company is expected to report per share earnings of $0.74 on $972.05 million in revenue.
  • Additional companies reporting earnings today include Dollar Tree Inc.(Nasdaq: DLTR), DSW Inc. (NYSE: DSWSeadrill Ltd. (NYSE: SDRL), Guess? Inc. (NYSE: GES), Campbell Soup Co. (NYSE: CPB), Hormel Foods Corp. (NYSE: HRL), and Chico’s FAS Inc. (NYSE: CHS).

 Stocks to Watch: XRX, AA, XBIT

  • Stocks to Watch No. 1, XRX: Shares of Xerox Inc. (NYSE: XRX) are in focus on news that activist investor Carl Icahn has purchased a 7% stake in the printer and copier manufacturer. The stake makes him the second-largest shareholder of the firm.

Many investors would like to be able to get a piece of the success that activist investors like Carl Icahn and Bill Ackman enjoy. Over the past decade, activist-run funds have returned nearly 267% – more than double that of the S&P. Watch the following video for to learn exactly how activist investors like Carl Icahn operate — and whether investors should piggyback on their moves:

  • Stocks to Watch No. 2, AA: Shares of Alcoa Inc. (NYSE: AA) jumped more than 4% on news activist hedge fund Elliott Management purchased a 6.4% stake in the global aluminum producer. The company is expected to engage in a spin-off of its metal-making division from its manufacturing business. Elliott is also pushing Alcoa to divest its power generation unit.
  • Stocks to Watch No. 3, XBIT: Shares of XBiotech Inc. (Nasdaq: XBIT) slumped more than 32% after the company announced a data breach during a European drug study. The drug in question has been developed to stabilize weight gain or add weight to patients suffering from colorectal cancer.

Today’s U.S. Economic Calendar (all times EST)

  • GDP at 8:30 a.m.
  • International trade in goods at 8:30 a.m.
  • Corporate Profits at 8:30 a.m.
  • Redbook at 8:55 a.m.
  • S&P Case-Shiller HPI at 9 a.m.
  • Consumer Confidence at 10 a.m.
  • Richmond Fed Manufacturing Index at 10 a.m.
  • State Street Investor Confidence Index at 10 a.m.
  • 4-Week Bill Auction at 11:30 a.m.
  • 2-Year FRN Note Auction at 11:30 a.m.
  • 5-Year Note Auction at 1 p.m.

What Investors Must Know This Week

Follow us on Twitter: @moneymorning

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.

Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

Members of the editorial and news staff of the Daily Caller were not involved in the creation of this content.

Money Morning

PREMIUM ARTICLE: Subscribe To Keep Reading

Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign Up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
BENEFITS READERS PASS PATRIOTS FOUNDERS
Daily and Breaking Newsletters
Daily Caller Shows
Ad Free Experience
Exclusive Articles
Custom Newsletters
Editor Daily Rundown
Behind The Scenes Coverage
Award Winning Documentaries
Patriot War Room
Patriot Live Chat
Exclusive Events
Gold Membership Card
Tucker Mug

What does Founders Club include?

Tucker Mug and Membership Card
Founders

Readers,

Instead of sucking up to the political and corporate powers that dominate America, The Daily Caller is fighting for you — our readers. We humbly ask you to consider joining us in this fight.

Now that millions of readers are rejecting the increasingly biased and even corrupt corporate media and joining us daily, there are powerful forces lined up to stop us: the old guard of the news media hopes to marginalize us; the big corporate ad agencies want to deprive us of revenue and put us out of business; senators threaten to have our reporters arrested for asking simple questions; the big tech platforms want to limit our ability to communicate with you; and the political party establishments feel threatened by our independence.

We don't complain -- we can't stand complainers -- but we do call it how we see it. We have a fight on our hands, and it's intense. We need your help to smash through the big tech, big media and big government blockade.

We're the insurgent outsiders for a reason: our deep-dive investigations hold the powerful to account. Our original videos undermine their narratives on a daily basis. Even our insistence on having fun infuriates them -- because we won’t bend the knee to political correctness.

One reason we stand apart is because we are not afraid to say we love America. We love her with every fiber of our being, and we think she's worth saving from today’s craziness.

Help us save her.

A second reason we stand out is the sheer number of honest responsible reporters we have helped train. We have trained so many solid reporters that they now hold prominent positions at publications across the political spectrum. Hear a rare reasonable voice at a place like CNN? There’s a good chance they were trained at Daily Caller. Same goes for the numerous Daily Caller alumni dominating the news coverage at outlets such as Fox News, Newsmax, Daily Wire and many others.

Simply put, America needs solid reporters fighting to tell the truth or we will never have honest elections or a fair system. We are working tirelessly to make that happen and we are making a difference.

Since 2010, The Daily Caller has grown immensely. We're in the halls of Congress. We're in the Oval Office. And we're in up to 20 million homes every single month. That's 20 million Americans like you who are impossible to ignore.

We can overcome the forces lined up against all of us. This is an important mission but we can’t do it unless you — the everyday Americans forgotten by the establishment — have our back.

Please consider becoming a Daily Caller Patriot today, and help us keep doing work that holds politicians, corporations and other leaders accountable. Help us thumb our noses at political correctness. Help us train a new generation of news reporters who will actually tell the truth. And help us remind Americans everywhere that there are millions of us who remain clear-eyed about our country's greatness.

In return for membership, Daily Caller Patriots will be able to read The Daily Caller without any of the ads that we have long used to support our mission. We know the ads drive you crazy. They drive us crazy too. But we need revenue to keep the fight going. If you join us, we will cut out the ads for you and put every Lincoln-headed cent we earn into amplifying our voice, training even more solid reporters, and giving you the ad-free experience and lightning fast website you deserve.

Patriots will also be eligible for Patriots Only content, newsletters, chats and live events with our reporters and editors. It's simple: welcome us into your lives, and we'll welcome you into ours.

We can save America together.

Become a Daily Caller Patriot today.

Signature

Neil Patel