U.S. stock futures traded higher in early pre-market trade. St. Louis Fed President James Bullard is set to speak at 8:30 a.m. ET. Data on import and export prices for April will be released at 8:30 a.m. ET, while the University of Michigan's consumer sentiment index for May is schedule for release at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average rose 48 points to 24,740.00, while the Standard & Poor’s 500 index futures rose 5 points to 2,723.75. Futures for the Nasdaq 100 index gained 7.25 points to 6,971.75.
Oil prices traded mixed as Brent crude futures fell 0.13 percent to trade at $77.37 per barrel, while US WTI crude futures rose 0.10 percent to trade at $71.43 a barrel. The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index rising 0.12 percent, STOXX Europe 600 Index gaining 0.03 percent and German DAX 30 index dropping 0.26 percent. The UK's FTSE index was trading lower by 0.06 percent, while French CAC 40 Index fell 0.30 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 1.16 percent, Hong Kong’s Hang Seng Index rose 1.02 percent, China’s Shanghai Composite Index declined 0.35 percent and India’s BSE Sensex rose 0.82 percent.
Best Oil Stocks To Buy For 2019: Blackrock MuniYield Quality Fund, Inc.(MQY)
- [By Max Byerly]
Media stories about Blackrock Muniyield Quality Fund (NYSE:MQY) have been trending positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackrock Muniyield Quality Fund earned a media sentiment score of 0.50 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 44.9174412716067 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Best Oil Stocks To Buy For 2019: Cache Inc.(CACH)
- [By Max Byerly]
Cache (OTCMKTS: CACH) and New York & Company, Inc. (NYSE:NWY) are both small-cap retail/wholesale companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, valuation, risk, profitability, analyst recommendations, earnings and institutional ownership.
- [By Shane Hupp]
CacheCoin (CACH) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It was first traded on January 5th, 2014. CacheCoin’s total supply is 4,195,132 coins. CacheCoin’s official Twitter account is @CACHeCoin. The Reddit community for CacheCoin is /r/cachecoin and the currency’s Github account can be viewed here. The official website for CacheCoin is www.cachecoin.cc.
- [By Stephan Byrd]
CacheCoin (CACH) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its genesis date was January 5th, 2014. CacheCoin’s total supply is 4,195,132 coins. CacheCoin’s official Twitter account is @CACHeCoin. The official website for CacheCoin is www.cachecoin.cc. The Reddit community for CacheCoin is /r/cachecoin and the currency’s Github account can be viewed here.
Best Oil Stocks To Buy For 2019: Avago Technologies Limited(AVGO)
- [By Max Byerly]
Iberiabank Corp purchased a new position in shares of Broadcom Inc (NASDAQ:AVGO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,675 shares of the semiconductor manufacturer’s stock, valued at approximately $2,881,000.
- [By Ethan Ryder]
Broadcom Inc (NASDAQ:AVGO) announced a quarterly dividend on Thursday, June 7th, RTT News reports. Investors of record on Wednesday, June 20th will be given a dividend of 1.75 per share by the semiconductor manufacturer on Friday, June 29th. This represents a $7.00 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Tuesday, June 19th.
- [By Chris Lange]
And the short interest in Broadcom Ltd. (NASDAQ: AVGO) increased to 10.28 million shares from the previous 8.89 million. Shares were last seen trading at $244.70, in a 52-week range of $197.46 to $285.68.