Don’s Notebook April 25, 2018

0
272

Don’s Notebook April 25, 2018

Oil inventories have been back on the rise and more increases in today’s data could set up price upturns in barrel prices.

  • The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. This report is due at 10:30 ET.

Overnight:

  • The Asia Pacific Index lost 0.5 percent.
  • Japan’s Topix index closed 0.1 percent lower amid concerns the global growth environment may be deteriorating.
  • In Europe, the Stoxx 600 Index was down 0.9 percent by 5:40 a.m. amid disappointing earnings and drops in commodity-linked shares.
  • S&P 500 futures pointed to further losses at the open.
  • Gold prices were lower.

It’s a very busy day in Q1 earnings announcements:

  • eBay Inc., Comcast, Advanced Micro Devices Inc., Legg Mason, Chipotle Mexican Grill, Visa Inc., PayPal Holdings Inc. and Ford Motor Co. are among the many companies due to report.
  • Boeing announced this morning in the pre-market hours and said it has beats on earnings and raises its full-year forecast
    • The world’s largest aircraft company said its core earnings, which exclude some pension costs, were $3.64 per share in the quarter, compared with $2.17 per share, a year earlier. Total revenue rose 6.5 percent to $23.38 billion. Boeing rose more than 2 percent in premarket trading.
Advertisement

Previous articleMargins: The new bugaboo dogging stocks
Next articleChart trading: Another reason to love TradeStation
Dr. Don Pratl is Director of Trader Development and Education for TradeStation. He joined TradeStation in 2016 after holding similar roles with other online brokerages. Don’s long career in the financial services industry reflects expertise in administering trading and investment strategy programs for retail investors as well as financial services professionals. Since the 1980s, he has held various positions in areas including CBOE trading floor order execution, marketing, sales, personnel management, training and customer service. Don holds series 3, 4, 7 and 63 FINRA licenses, earned his Ph.D. in Organization and Management, and his M.A. and B.A. in Political Science. He has been an occasional adjunct college instructor since 2004 at a range of institutions, teaching undergraduate, graduate and doctoral students using in-class and online formats.