Back to top

Pre-Markets Look to Push Higher Tuesday

Read MoreHide Full Article

Tuesday, January 9, 2018

After taking somewhat of a breather in the first trading day of the week — only 2 of the 3 major indexes wound up in the green at the close (at record levels yet again), with the Dow finishing slightly lower — we see pre-market trading springing back to life this morning. Continued health in the domestic economy joins new positive data from the Eurozone overnight.

European indexes finished higher for now the fifth straight session. Economic data from Germany, the Eurozone’s largest economy, were strong: Industrials for November came in +3.4%, nearly double expectations, and the country’s trade balance is a better-than-expected +$26.7 billion. Also, European telecom major Altice NV has announced a spinoff to the U.S. market with a new cable television company, Altice USA. This has helped push the French market higher, as Altice is the second-largest telecom provider in the country, behind Orange.

Another big-box retailer has also reported stronger-than-expected sales in the Q4 holiday season. Target (TGT - Free Report) saw big improvements year over year, following similar announcements from other retailers since the beginning of the new year, and the company expects the newly passed tax law to improve margins at the company. Pre-market investors have rewarded the stock this morning, now up roughly 4%.

Finally, we see some new positive news out of the long-dormant 10-year Treasury bill, which has now poked its head above 2.5% for the first time since last March. We also see some minor strides in the value of the U.S. dollar this morning, with its index up again today to 92.53.

Mark Vickery
Senior Editor

Questions or comments about this article and/or its author? Click here>>

Zacks’ Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.

Click here for Zacks' private trades >>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

The full Ahead Of Wall Street article

Target Corporation (TGT) - free report >>

More from Zacks Ahead of Wall Street

You May Like