• 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. / U.S. Equity

Day Ahead: Rally on Fed Hopes

William Dudley's comments cheered investors up.
By BRYAN ASHENBERG, CFA Aug 27, 2015 | 07:52 AM EDT
Stocks quotes in this article: DG, TIF, PDCO, SJM, ADSK, ARO, SPLK, VEEV, GME, SWHC, OVTI, ULTA

U.S. stock index futures are up a healthy amount in early morning trading after the rally U.S. markets experienced yesterday inspired copycat action throughout the global marketplaces. On Wednesday, NY Fed President William Dudley's comments that a September rate hike seemed less compelling due to the global economic upheaval helped spark the rally.

Crude oil rebounded to above $40 a barrel in trading this morning, and copper was trading up nearly 2% as part of a relief rally.

The news flow in the market is consistent with the typical late August seasonal slowdown, despite the current market volatility.

Earnings reports of note today include: Dollar General (DG), Tiffany & Co (TIF), Patterson (PDCO), JM Smucker (SJM), Autodesk (ADSK), Aeropostale (ARO), Splunk (SPLK), Veeva Systems (VEEV), GameStop (GME), Smith & Wesson (SWHC), OmniVision Technologies (OVTI), and Trifecta Stocks portfolio holding Ulta Salon (ULTA).

On the domestic economic front today we see the kickoff of the Kansas City Fed Symposium in Jackson Hole, Wyoming. At 8:30 a.m. second-quarter GDP will be released, with consensus at 3.2%. We'll also get the Initial Jobless Claims for Aug. 22 at the same time, with consensus at 274,000.

At 9:45 a.m. the Bloomberg Consumer Comfort reading is released. At 10 a.m. the July Pending Home Sales will hit the market, along with the Freddie Mac mortgage rates. Last, at 10:30 a.m. the EIA natural-gas storage change will be published.

Happy trading!

Bryan Ashenberg is the portfolio manager for Growth Seeker and the fundamental analyst for Trifecta Stocks. Test drive with a free trial.

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 trading individual securities.

TAGS: Investing | U.S. Equity | Economy

More from U.S. Equity

A 'Simple' Way to Play for the Rally to Resume

Mark Sebastian
Mar 2, 2021 3:23 PM EST

I believe we are heading to new all-time highs, potentially this week.

Jim Cramer: What History Tells Us About Bond-Rate Scares Like This

Jim Cramer
Feb 27, 2021 2:01 PM EST

We could have some real pain ahead for some stocks. Five different kinds.

What's Next for the Markets? What the Charts and Data Reveal

Guy Ortmann
Feb 26, 2021 11:14 AM EST

The Rydex Ratio has turned neutral but insider buying remains absent.

Here's the Boeing Trade I Made Today

Timothy Collins
Feb 24, 2021 12:06 PM EST

I love this chart and I'm woefully underexposed in this area.

A Market Bounce Has the Potential to Fail

Guy Ortmann
Feb 24, 2021 10:52 AM EST

Insiders are increasing selling activity.

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

  • 08:50 AM EST PAUL PRICE

    Michael's - Close to a deal?

    It appears that a deal could be announced soon. ...
  • 08:34 AM EST GARY BERMAN

    Wednesday Morning Fibocall for 3/3/2021

    SPX (Long-Term View) The 20 DMA @ 3889 with the ...
  • 06:05 PM EST PAUL PRICE

    Michael's (MIK) Up on Takeover Rumors

    The NYT says talks are underway regarding a buyout...
  • 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