US Futures green - Watch M, AMC, AAL, HRB, PTON


The S&P 500 Futures remain on the upside after they closed higher yesterday

Stocks (3)

The S&P 500 Futures remain on the upside after they closed higher yesterday.

U.S. ADP private jobs report for August will be today's focus (+1 million expected). Meanwhile, July factory orders (+6.1% on month expected) and the Federal Reserve's Beige Book will also be released.

European indices are posting a strong rebound in mid-day trading. The European Commission has posted July PPI at +0.6% (vs +0.5% expected). The German Federal Statistical Office has reported July retail sales at -0.9% on month (vs +0.5% expected). In the U.K., the Nationwide Building Society has released its House Price Index for August at +2.0% (vs +0.5% on month expected).

Asian indices closed in dispersed order. The Australian ASX closed on a strong up move despite that the Australian economy contracted 6.3% on year in the second quarter (vs -5.1% expected).

WTI Crude Oil futures remain in the green. The American Petroleum Institute (API) reported that U.S. crude-oil inventories dropped 6.36 million barrels in the week ending August 28 (-1.89 million barrels expected). Later today, the U.S. Energy Information Administration (EIA) will release official crude oil inventories data for the same week.

Gold consolidates as the US dollar gains ground on strong US economic data.

Gold fell 2.76 dollars (-0.14%) to 1967.42 dollars while the dollar index rose 0.28pt to 92.617 dollars.

U.S. Equity Snapshot

Macy's (M), the department store chain, is soaring before hours as quarterly earnings and sales beat estimates.

Source: TradingView, GAIN Capital

AMC Entertainment (AMC), the movie exhibition company, jumped after hours after saying that "70% of AMC Theatres U.S. Circuit would be opened by Friday, September 4, as approximately 140 additional locations reopen this week, including the first AMCs in California."

American Airlines Group (AAL) was downgraded to "sell" from "hold", Delta Air Lines to "hold" from "buy", Southwest Airlines to "hold" from "buy", all at Berenberg.

H&R Block (HRB), a provider of tax return services, disclosed first quarter adjusted EPS of 0.55 dollar, beating estimates, vs an adjusted LPS of 0.66 dollar a year ago, on revenue of 601.0 million dollars, also better than expected, up from 150.4 million dollars a year earlier.

Peloton Interactive (PTON)'s, the interactive fitness platform, price target was raised to 105 dollars from 58 dollars at JPMorgan.

More from Equities

Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.

Open an Account