Dow Jones Futures: Market Rally Split On Vaccine Patent News, But Chevron, Goldman Lead 10 Stocks Flashing Buy Signals
Posted Date: May 06 2021
Dow Jones futures rose slightly early Thursday, along with S&P 500 futures and Nasdaq futures. The stock market rally closed mixed Wednesday, weakening in the final hour as the Biden administration backed removing patent protection for coronavirus vaccines, hitting Pfizer (PFE) while slamming BioNTech (BNTX) and Moderna (MRNA).
But a number of energy- and commodity-related names broke out or flashed other buy points, including Matador Resources, Rio Tinto and Dow Jones components Chevron (CVX) and Caterpillar (CAT). Goldman Sachs (GS), yet another Dow components, also cleared a buy point.
Several oil & gas plays EQT Corp. (EQT), Cimarex Energy (XEC), Callon Petroleum (CPE), Marathon Oil (MRO) reported earnings late Wednesday. So did fertilizer maker CF Industries (CF), insecticide and herbicide specialist FMC Corp. (FMC) and crane maker Manitowoc (MTW).
But a number of energy- and commodity-related names broke out or flashed other buy points, including Matador Resources, Rio Tinto and Dow Jones components Chevron (CVX) and Caterpillar (CAT). Goldman Sachs (GS), yet another Dow components, also cleared a buy point.
Several oil & gas plays EQT Corp. (EQT), Cimarex Energy (XEC), Callon Petroleum (CPE), Marathon Oil (MRO) reported earnings late Wednesday. So did fertilizer maker CF Industries (CF), insecticide and herbicide specialist FMC Corp. (FMC) and crane maker Manitowoc (MTW).
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