Futures Higher Ahead of the Bell

9:10am (EST) Futures are pointing towards a slightly higher open this morning. Ahead of the bell, Dow futures are up 45 points to 9,664. The S&P 500 futures are higher by 6 points to 1,047, while the Nasdaq 100 futures are up 9 to 1,706. In earnings news, Cal-Maine Foods (CALM, $27.78) reported a quarterly loss of $0.16, versus Wall Street’s estimate of $0.26. Revenue came in at $188 million, which compares to estimates of $207 million. This is one of the things we are watching for during the upcoming earnings season – revenue growth. I mentioned last night that companies were easily able to beat 2Q earnings with aggressive cost-cutting but Wall Street will be looking for more growth this time around. Overseas markets were weak this morning so I don’t expect the higher open to last as volume is expected to be light today. Rick@MomentumOptionsTrading.com]]>

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Futures Higher Ahead of the Bell

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