Pre market futures volumes are above 20-day average

Pre market futures volumes are above 20-day average, hinting at higher institutional participation. S&P and Dow futures both post strong overnight accumulation, often a precursor for trend continuation in early trade. That's not the case with XRP. Ripple, the developer, created XRP as a faster way to send and receive funds, specifically for cross-border payments. XRP delivers on that goal, as transactions settle in three to five seconds and cost under $0.01. So, of the two cryptocurrencies, XRP has more utility as a payment method. However, that doesn't necessarily make it the superior investment. Chicken-producing giant Tyson Foods TSN posted fiscal Q2 results ahead of today’s opening bell, posting mixed results. Earnings of 92 cent per share outpaced the Zacks consensus of 85 cents, although in-line revenues with the year-ago quarter, $13.07 billion, missed estimates by -0.18%. The company reaffirmed its earnings outlook, but shares are down -2% in today’s early trading. For more on TSN’s earnings, click here. Check out the updated Zacks Earnings Calendar here. Midwestern engine maker Cummins Inc. CMI posted a strong Q1 earnings numbers this morning: $5.96 per share far surpassed the $4.82 consensus, by more than +23%. Revenues were slightly ahead of expectations: $8.17 billion versus $8.07 billion anticipated. The company withdrew future earnings guidance based on still-unforeseen tariff implications, and the stock is flat this morning, despite the big earnings beat. For more on CMI’s earnings, click here. Pre market futures sentiment metrics show 65% bullish skew, a level not seen since early March. Traders view the consistent upside in futures as technical confirmation for strain in short positions.