Futures are mainly non-directional this morning, though the Nasdaq futures are starting to show some life.
Futures are mainly non-directional this morning, though the Nasdaq futures are starting to show some life. Chips are moving modestly higher in the premarket, possibly buoyed by benign reaction to INTC secondary offering, which priced at $95. INTC trades around $97 in this last half hour before the open. While down fifty cents from yesterday’s close, INTC is trading very respectably above the secondary issuance price. REITs are moderately weak, led lower by CPT, MAA, and EXR.
We continue to watch oil. Dire predictions about the impacts of a prolonged crimp in supply will be put to the test, as we seem no closer to a resolution with Iran. Consolidated oil names (XOM, COP) have been strong.
Kapnotes is unbiased, catalyst-driven research for active traders. We screen the market's biggest movers and hand you a focused list of trading opportunities, updated in real time throughout the day.