Nasdaq Futures Opening Update as on 18 May 2018

U.S. stock futures higher in pre-market trading for Friday, May 18. The Nasdaq Futures is trading at 6,927.75 up with +0.32% percent or +0.32% point.The Dow Futures is trading at 24,759.00 up  with +0.22% percent or +55.00 point. The S&P 500 Futures is trading at 2,724.25 up with +0.20% percent or +5.50 point.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,930.36 up with +0.40% percent or +91.99 point. Hong Kong’s Hang Seng is trading at 31,091.44 up with +0.48% percent or  +149.29 point. China’s Shanghai Composite is trading at 3,187.91 up with +1.07% percent or +33.63 point. India’s BSE Sensex is trading at 34,979.46 with a loss of -0.48% percent or  -169.66  point at 12:15 PM.The FTSE 100 is trading at 7,781.97 with a loss of  -0.077% percent or  -6.00 point. Germany’s DAX is trading at 13,093.50 with  a loss of  -0.16% percent or -21.11 point. France’s CAC 40 is trading at 5,612.08 with a loss of -0.17% percent or -9.83 point. The Stoxx Europe 600 is trading at 395.12 with a loss of -0.07% percent or -0.32 point.

Friday’s Factors and Events

the stock market has been consistently underestimating Apple (AAPL). Around that time, I started to point that out to investors, and have done so on many occasions since. Now, with the stock outperforming the broader market and hitting new highs, I am sure many people are looking at the stock as expensive and are thinking of taking a profit.

I am usually all in favor of that, but to do so in this case would be a mistake. Apple, even at these levels, still represents one of the best values around.

That may be hard to believe when you look at the chart a few paragraphs below, but when it comes to stocks, value is not about how you feel about price, it is a measurable thing. The three main measures of value are trailing price to earnings ratio (P/E), forward P/E and the ratio of P/E to expected growth (PEG).

The forward-looking measures forward P/E and PEG inevitably involve predictions of future performance, so by nature contain some speculation and risk.

Thursday’s Activity

U.S. market were lower on Thursday.For the day  The Nasdaq Composite is trading at 7,382.47 with a loss of   -0.21% percent or  -15.82 point.The S&P 500 is trading at 2,720.13  with a loss of -0.086% percent or  -2.33 point. the Dow is trading at 24,713.98 with a loss of -0.22% percent or -54.95 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,625.29 up with +0.55% percent or +8.92 point; the S&P 600 Small-Cap Index closed at 1,001.02 up with +0.70% percent or +6.93 point; the S&P 400 Mid-Cap Index closed at 1,948.28 up with +0.23% percent or +4.47 point; the S&P 100 Index closed at 1,194.58 with a loss of  -0.22% percent or -2.68 point; the Russell 3000 Index closed at 1,616.81 with a loss of -0.014% percent or -0.23 point; the Russell 1000 Index closed at 1,509.18 with a loss of  -0.062% percent or  -0.94 point

Updates

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