Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
Dow Jones Industrial Average Today Gains as G20 Meeting Kicks Off
http://mney.co/1KQ62hv
Required Please enter the correct value.
Twitter
Stocks: BID

Dow Jones Industrial Average Today Gains as G20 Meeting Kicks Off

By Garrett Baldwin, Executive Producer, Money Morning • February 26, 2016

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Garrett BaldwinGarrett Baldwin

dow jones industrial averageNothing moves the Dow Jones Industrial Average like a fresh round of stimulus, and we could be looking at the mother of all stimulus plans as the G20 kicks off its two-day meeting in China. World leaders, central bankers, centralized planners, and their "yes men" will be gathering to discuss new ways to boost the world's sluggish economy. While bold measures like structural reforms (re: less reliance on debt-based growth) are greatly needed and would help instill confidence, early reports indicated there will has been a lot of internal squabbling among idea generators.

With the mood brighter on this Friday, let's tackle your top stock market news, stocks to watch, and economic calendar for Feb. 26, 2016.

Dow Futures Today: G20 to Focus on Boosting Global Growth Figures

Dow Jones futures forecast a 77-point gain as investors cheer new stimulus plans, Chinese Yuan policy, rising oil prices, and improving U.S. economic data.

Here's a breakdown of why the Dow is slumping and what you need to watch later today.

  • Focus on U.S. economic data and speeches by three members of the U.S. Federal Reserve. This morning, the Bureau of Economic Analysis reports its second revision to fourth-quarter GDP, a figure that is expected to be revised downward to 0.4%. However, the big number to keep an eye on today is the core PCE price index, a figure that if it beats expectations could boost the chances for a rate hike during the March FOMC meeting.
  • Markets were also optimistic after China announced that it will not devalue its currency again in order to boost its export levels, but it will consider other means of monetary policy to support its struggling economy. Wait, what? People actually believe them about not manipulating their currency again in the future?
  • Yesterday, the Dow surged 212 points as strong economic data suggested that the U.S. manufacturing sector is better off than expected.
  • Oil prices increased this morning as traders began to unwind short bets against energy commodities and remained somewhat hopeful that a proposed deal among global producers to freeze output could come to fruition. WTI crude prices were up more than 1.4%, while Brent prices added more than 1.8%.

Now here's your list of top stocks to watch in today's market, plus today's economic calendar:

Earnings and Stocks to Watch in Today's Market

  • Shares of JC Penney Co. Inc. (NYSE: JCP) are on fire this morning after the company beat Wall Street revenue expectations. The stock was up more than 8% in pre-market hours.
  • With earnings reports coming in today, look for noise out of Foot Locker Inc. (NYSE: FL), Sothebys (NYSE: BID), American Tower Corp. (NYSE: AMT), Hilton Worldwide Holdings (NYSE: HLT), and PNM Resources Inc. (NYSE: PNM).
  • Shares of Herbalife Ltd. (NYSE: HLF) were up more than 13% this morning on news that the health supplement and vitamin maker is discussing matters with government regulators over charges that the firm operates a pyramid scheme. The charges have long come from activist investor Bill Ackman, who has shorted the stock for years.
  • The New York Times reports that one of the biggest energy acquisitions of the year could be on the rocks right now. According to the paper, Energy Transfer Equity (NYSE: ETE) is looking for ways to scuttle away from the $38 billion buyout of Williams Companies Inc. (NYSE: WMB). Both firms have seen their share prices erode in recent months due to weakening revenue and falling oil and gas prices. Energy Transfer Equity has reportedly considered offering $2 billion to Williams shareholders to walk away from the deal, but a vote could be pending in the near future.
  • President Obama's call for increased gun control only created a surge in demand for firearms after the FBI reported a record number of background checks for the month of December. Now the December-ending earnings report is in for Sturm, Ruger & Co. (NYSE: RGR), and wow were they profitable. Shares hit a new intraday all-time high yesterday at $70 each and finished up 7.7% on the day. Rival Smith & Wesson Holding Corp. (Nasdaq: SWHC) added nearly 3.6% on the news.


Investors want to know if we're headed for a stock market crash, correction, or bear market. Here's what our Money Morning experts predict will happen in 2016...

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

  • GDP at 8:30 a.m.
  • International Trade in Goods at 8:30 a.m.
  • Personal Income and Outlays at 8:30 a.m.
  • Consumer Sentiment at 10 a.m.
  • Federal Reserve Bank Gov. Jerome Powell speaks at 10:15 a.m.
  • San Francisco Fed President John Williams speaks at 10:15 a.m.
  • 7-Year Note Auction at 11:30 a.m.
  • Baker Hughes Rig Count at 1 p.m.
  • Federal Reserve Bank Gov. Lael Brainard speaks at 1:30 p.m.

What Investors Must Know This Week

  • The $600 Million Signal That Oil Prices Are About to Rise
  • How to Prepare for a Global Recession in 2016
  • This Easy Investing Strategy Can Lead to 2,426% Profits

Follow Money Morning on Facebook and Twitter.

Join the conversation. Click here to jump to comments…

Garrett BaldwinGarrett Baldwin

About the Author

Browse Garrett's articles | View Garrett's research services

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

… Read full bio

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of 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.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

© 2023 Money Morning 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.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz