Dow Jones futures fell on Friday morning, along with S&P 500 futures and Nasdaq futures. The 2019 stock market rally rolled on Thursday, rebounding from a solid intraday, despite a retail rout by Macy's (M). Netflix stock rallied early Friday on a pair of analysts upgrades. Activision stock plunged after the video game maker ended a partnership with Bungie and handed over its "Destiny" franchise. Meanwhile, Brazil was the Boeing-Embraer strategic alliance, giving the Dow Jones giant and 80% stake in the commercial aircraft division of Embraer (ERJ).
Netflix (NFLX) is the first to capture its 200th day moving average, but trying to get the first file stock to do so, though Amazon.com (AMZN) is close. Activision Blizzard (ATVI) had been approaching its fast-falling 50-day line. Boeing (BA) reclaimed its 200-day line during Thursday's session after an analyst upgrade and on report that the Air Force will accept delivery of Boeing's flawed air tanker plane.
Dow Jones Futures Today
Dow Jones futures fell 0.2% vs. fair value. S&P 500 futures lost 0.3%. Nasdaq 100 futures retreated 0.4%.
2018 Stock Market Rally Keeps Climbing
The Dow Jones rose 0.5% in Thursday's stock market trading, rebounding. from solid unloaded intraday. The S&P 500 index advanced 0.45% and the Nasdaq composite 0.4%. The Dow Jones, S&P 500 index and especially the Nasdaq are closing in on their 50-day moving averages.
Late Thursday, UBS analyst Eric Sheridan late Thursday upgraded Netflix stock to a buy, raising his price target to 410 from 400. He cited subscriber growth, content and other positives, especially after several months of underperformance. On Friday morning, Raymond James upgraded Netflix. Morgan Stanley trimmed its price target slightly.
Netflix stock rose 2.9% in early trade to 334. That's just above its 200-day moving average. On Thursday, Netflix rose 1.5% to 324.66. Amazon stock fell to a fraction of 1,656.22, hovering just below its 200-day line. Netflix stock, Amazon stock and fellow FANG have already reclaimed their 50-day lines.
Netflix earnings are due next week
Activision Blizzard will stop working with video game developer Bungie, ending a partnership going back to 2010. Bungie will get full control over the popular "Destiny" franchise.
Activision stock fell 6.8% early. They rebounded since Christmas, Thursday closed 39% from their Oct. 1 peak
Boeing-Embraer Deal OK'd
Brazil approved in Boeing-Embraer joint venture of the Brazilian firm's commercial aircraft division. Embraer $ 4.2 billion for an 80% stake.
Embraer stock shot up 9% early Friday. Boeing stock fell 0.3% early Friday. On Thursday, shares of the Dow Jones aerospace giant rang 2.55% to 352.61, registering their 200-day line after moving above their 50-day line on Tuesday. T relative strength line which tracks a stock's performance vs. The S&P 500 index, hit a new high Thursday
Thursday morning after Morgan Stanley upgraded to overweight with a 450 price target. Boeing's flawed air tanker has been accepted in another positive headline, the Pentagon
Earlier this week, investors learned Boeing jet orders topped those of archrival Airbus (EADSY).
Boeing stock is working on a 394.38 consolidation buy point.
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