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For Dec. 15, 2015, here are your stock market futures, earnings reports, top stock market news, and stocks to watch...
Stock Futures Today
The Dow Jones Industrial Average forecast for Tuesday was up 13 points as the Federal Open Market Committee begins its two-day meeting to discuss monetary policy.
On Monday, the Dow Jones Industrial Average gained 103 points on a busy day of mergers and key economic data. Domestic oil prices were on the rise ahead of today's critical U.S. Federal Reserve meeting. Traders appear cautious yet expectant regarding the FOMC meeting that kicks off on Tuesday morning. According to the CME FedWatch program, there is an 83% chance the Fed will raise interest rates during its post-meeting announcement on Wednesday.
- The Stock Market Today: On Tuesday, the FOMC kicks off its final meeting of 2015, and the markets expect that the Federal Reserve will finally end its zero-interest-rate policy (ZIRP). Traders will also keep an eye on the November update to the Consumer Price Index (CPI).
- Oil Outlook: Oil prices remained volatile this morning on concerns about a global supply glut and expectations that the Federal Reserve will raise interest rates. January WTI prices were up marginally at $36.78 per barrel. Meanwhile, Brent oil crude fell 0.15% to hit $39.67.
Earnings Outlook: FDS, GIL, HEI
- Earnings Report No. 1, FDS: Shares of FactSet Research Systems Inc. (NYSE: FDS) were on the move this morning after the company reported fiscal first-quarter earnings.
- Earnings Report No. 2, GIL: Before the markets opens, Gildan Activewear Inc. (NYSE: GIL) will report Q4 earnings. Wall Street analysts anticipate that the activewear manufacturer will report an EPS of $0.51 on top of $692.8 million.
- Earnings Report No. 3, HEI: After the bell, Heico Corp. (NYSE: HEI) will report 2015 Q4 earnings. Consensus analyst expectations call for the company to declare per-share earnings of $0.53 on $321.93 million.
Stocks to Watch: BA, AAPL, NWL, JAH
- Stocks to Watch No. 1, BA: Shares of Boeing Co. (NYSE: BA) were up more than 1% this morning on news that the firm's board of directors increased its dividend by 20%. The firm also approved a new $14 billion stock buyback program in order to boost shareholder value.
- Stocks to Watch No. 2, AAPL: A report from investment firm Stifel indicates that Apple Inc. (Nasdaq: AAPL) was able save $0.70 per share - or $4.1 billion - by hedging against the U.S. dollar's rise in 2015. The company began seeking security against the rising dollar in the second half of 2014, as the dollar began to rise against the currencies of major emerging markets where Apple relies on a large share of its revenue. The Apple stock price was down 1% on the day.
- Stocks to Watch No. 3, NWL: Shares of Newell Rubbermaid Inc. (NYSE: NWL) dropped more than 7% on news that the company plans to purchase Jarden Corp. (NYSE: JAH). The proposed $15 billion deal will create the largest manufacturer of food containers. Shares of Jarden gained more than 2.5% on news of the deal.
Today's U.S. Economic Calendar (all times EST)
- Consumer Price Index at 8:30 a.m.
- Empire State Manufacturing Survey at 8:30 a.m.
- Redbook at 8:55 a.m.
- Housing Market Index at 10 a.m.
- 4-Week Bill Auction at 11:30 a.m.
- Treasury International Capital at 4 p.m.
What Investors Must Know This Week
- The Best Market Crash Insurance You Can Buy
- Grab Triple-Digit Gains from This "Stealth" Tech Star
- The Real Reason for China's Insatiable Gold Lust
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.