• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Stocks

U.S. Futures Pointed Higher, Ending Week on High Note

U.S. futures look to lead the market to a strong finish in a positive week. 
By TONY OWUSU
Mar 18, 2016 | 08:42 AM EDT
Stocks quotes in this article: TIF, ADBE, CPGX, TRP

U.S. futures are all in positive territory Friday morning, following up a strong day of trading on Thursday.

World markets were also rising at the end of the week, with the Shanghai Composite climbing 1.7% and the Hang Seng gaining 0.82%. The Nikkei was the lone Asian market to fall Friday, closing the day 1.3% in the red.

In Europe, the FTSE 100 and CAC 40 were each rising 0.3% while the DAX was up 0.2%.

Energy prices continue to cooperate with the market rally, and looks ready to extend its winning streak to three straight sessions after starting the week off with two negative ones. Industry benchmark Brent crude for May delivery is up $0.67 to $42.21 per barrel while West Texas crude for April delivery is up $0.71 to $40.91. This is the fourth straight week that oil has closed in the green.

Shares of jeweler Tiffany & Co. (TIF) were climbing premarket after topping analysts' fourth-quarter top- and bottom-line expectations. The company reported adjusted earnings of $1.46 per share for the quarter.

Adobe Systems (ADBE) earned $0.66 in the previous quarter, beating estimates by $0.05 per share. The software company's stock was up over 7% in premarket trading.

Columbia Pipeline Group (CPGX) was spiking premarket after the company agreed to be purchased by TransCanada (TRP) for approximately $13 billion -- or $25.50 per CPGX share. The move comes after President Barack Obama blocked the transcontinental Keystone Pipeline from being built. TransCanada had been lobbying for the pipeline for seven years.

JPMorgan Chase (JPM) increased its stock buyback program by $1.88 billion. That total is in addition to the $6.4 billion still left on the buyback program it authorized last year.

Shares of FedEx (FDX) were down slightly premarket after a Thursday session that saw the package delivery company climb nearly 12% following the release of its latest quarterly results. The company topped analysts' top- and bottom-line expectations and upped the low end of its full-year guidance.

Finally, media company Viacom (VIAB) has been approached by nearly 40 companies interested in purchasing a minority stake in its Paramount Pictures film and TV studio, according to Viacom CEO Philippe Dauman. Viacom has been shopping a stake in its movie studio division amid falling revenue.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from owning individual securities.

TAGS: Investing | U.S. Equity | Stocks

More from Stocks

Rampant Virus, Geopolitical Conflicts, Semi and Bank Stocks, Apple, Netflix, Ark

Stephen Guilfoyle
Apr 21, 2021 7:43 AM EDT

Financial markets are telling us something, so it seems.

Asian Stocks Falter as Vaccine Programs Stumble

Alex Frew McMillan
Apr 21, 2021 7:15 AM EDT

Markets in Tokyo, Mumbai and most of Southeast Asia are down this month, Asia's early progress in combatting COVID-19 proving hard to sustain.

Get Rich Slow

Paul Price
Apr 21, 2021 7:00 AM EDT

Get-rich quick schemes offer little more than pipe dreams. Here's the way to become wealthy over time.

Corrective Action Is Spreading

James "Rev Shark" DePorre
Apr 21, 2021 6:56 AM EDT

Many small-caps have been correcting for weeks, and that is starting to spill over into other areas of the market now.

The Pullback Is on Schedule

Helene Meisler
Apr 21, 2021 6:00 AM EDT

Now, let's look at 2000, and see if we can spot any similarities....

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 04:17 PM EDT REAL MONEY

    Wednesday on Real Money Pro

    Get-rich quick schemes offer little more than pipe...
  • 11:09 AM EDT GARY BERMAN

    S&P Futures

    FIBOCALL: The S&P futures was off 1.5 %... ...
  • 07:47 AM EDT CHRIS VERSACE

    Positive News for a Cannabis Play

    Good news for this name in the Stocks Under $10 po...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login