Don’s Notebook June 5, 2018

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Twitter will be added to the S&P 500 Index this week replacing Monsanto and Netflix is going to be added to the NASDAQ 100 replacing Perrigo. These moves could expand the number of individual investors who will own the stock through index funds that track these large-company stock gauges.

If the Department of Labor’s Job Opening and Labor Turnover (JOLT) report due out this morning comes in higher than 6.347 million this would indicate more job openings than people looking for jobs.

The Institute for Supply Management surveys more than 375 firms from numerous sectors across the United States for its non-manufacturing index and forecasters expect a strong May report, with  index rising 1.2 points from April.

Overnight markets:

  • The MSCI Asia Pacific Index gained less than 0.1 percent.
  • Japan’s Topix index closed broadly unchanged as investors await the outcome of this week’s G-7 leaders’ summit and the Singapore talks.
  • In Europe, the Stoxx 600 Index was 0.4 percent higher at 5:45 a.m., led by European tech shares tracking yesterday’s NASDAQ gains.
  • S&P 500 futures pointed to a higher open,
  • 10-year Treasury yield was at 2.928 percent
  • Gold was slightly higher.

Notable Earnings conference calls today include: HD Supply Holdings, Hudson’s Bay, Hooker Furniture, IDT and Genesco

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Dr. Don Pratl is Director of Trader Development and Education for TradeStation. He joined TradeStation in 2016 after holding similar roles with other online brokerages. Don’s long career in the financial services industry reflects expertise in administering trading and investment strategy programs for retail investors as well as financial services professionals. Since the 1980s, he has held various positions in areas including CBOE trading floor order execution, marketing, sales, personnel management, training and customer service. Don holds series 3, 4, 7 and 63 FINRA licenses, earned his Ph.D. in Organization and Management, and his M.A. and B.A. in Political Science. He has been an occasional adjunct college instructor since 2004 at a range of institutions, teaching undergraduate, graduate and doctoral students using in-class and online formats.