Stock Futures Lower Edge; Apple, Disney Lead, Dow Jones

Equity futures deteriorated a bit early on Tuesday morning, but losses were subdued, after good near-lows for the Dow Jones, S & P 500 and Nasdaq on Monday. Walt Disney The title (DIS) was a pioneer in the Dow Jones before investors day Thursday. Cowen improved Disney's stock to outperform market performance and raised its price target from 131 to 131.


Futures on Dow, S & P 500 and Nasdaq 100 all declined by about 0.3%.

The S & P 500 has extended its winning streak to eight sessions on Monday as it is approaching its record of 2,940 reached in September.

Stock Futures: Early Movers

Disney's share price rose nearly 1% to 115.86 in pre-market trading. Shares fell on Monday after the stock attempted to clear a purchase point of 115.90 points.

After nine consecutive wins, the Dow action Apple (AAPL) stock was up 0.4% in early trade. It is still in the range of buying a 197.79 entry. Wedbush has raised Apple's price target from 225 to 225.

The biotech player also played Tuesday Zogenix (ZGNX). Shares fell 27% after the Food and Drug Administration refused to consider the company's treatment of crises.

PhaseBio Pharmaceuticals (PHAS) jumped 25% in pre-commercial trade. The FDA has designated biotech compound PB2452 as a breakthrough therapy after Phase 1 positive data.

The IShares Nasdaq Biotechnology (IBB) ETF is just below an entry of 116.35 because it operates on a flat base. Shares closed Monday at 114.44.

In the ranking, Zscaler (ZS) rose 2% to 64.75% in pre-market trading, after Credit Suisse raised the technology security firm's price target to 55% from 55, citing limited competitive risk .

Economic data, future earnings

Economic data available this week include consumer inflation data on Wednesday at 8:30. The report of the March meeting of the Federal Reserve will also be released Wednesday at 14 hours. Wholesale inflation data is expected on Thursday.

It's a quiet day of earnings, but it's a result of Delta Airlines (DAL) will be available Wednesday before the opening. The title broke a winning streak in nine sessions on Monday, but his chart is still looking good. The stock jumped sharply last week after the company raised its guidance for the first quarter.

In related news, the actions of American Airlines (AAL) fell slightly after the company lowered its revenue forecast for the first quarter due to problems faced by Boeing's 737 Max. The stock is on a downtrend for more than a year.

Back to the forthcoming results report, results of JP Morgan (JPM) and Wells Fargo (WFC) are due on Friday with First Republic Bank (FRC), who settles in a beautiful base.

Bank of America (BAC) rose slightly in pre-market trading after the company announced the raising of its employees' minimum wage to $ 20 an hour.

Follow Ken Shreve on Twitter @IBD_KShreve for more information and analysis on the stock market.


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