NewsWare‘s Trade Talk

NewsWare's Trade Talk: Monday, October 14

S&P Futures are positive this morning ahead of a relatively quite day in the markets today. Bond Markets are closed as today is a federal holiday. China's finance minister highlighted the countries stimulus plans without giving specific numbers, addition meetings scheduled for later this month. U.S. to send missile defense system to Israel ahead of the expected Israeli strike on Iran. Shares of Caterpillar are falling after a major broker downgraded the stock. BA is also weak as striking workers continue to hold out. No earnings announcements today due to the holiday. Buffet takes position in Sirius XM. In Europe, markets are mixed to lower with Middle East tensions, this week's ECB announcement in focus. Oil prices are displaying significant weakness this morning as oil prices fall more than -2% in the pre market.

NewsWare's Trade Talk: Friday, October 11

S&P Futures are flat to lower ahead of this morning's PPI print. Markets are also waiting on an announcement out of China that is expected to focus on stimulating domestic consumption. BK, BLK FAST, JPM & WFC all reported earnings beats this morning. Shares of TSLA are down more than 5% after last night's robo taxi event. In Europe, markets are mixed to higher with Middle East tensions, next week's ECB announcement and tomorrow China announcement in focus. Oil prices are weakening this morning of more than -0.50% in the pre-market.

NewsWare's Trade Talk: Thursday, October 10

S&P Futures are flat to lower and as expected are staying in a tight trading range this morning. Two key economic reports are due out before the bell (CPI & Jobless Claims) either report could create volatility for the markets this morning. DAL & DPZ are moving lower after announcing earnings this morning. COST released Sept sales data which showed an increase of 6.7%. Two big events today, AMD's Advancing AI conference and TSLA RoboTaxi announcement. Toronto-Dominion Bank is expecting to pay about 3B to settle money laundering issues. In Europe, markets are mixed to lower with Middle East tensions and next week's ECB announcement in focus. Oil prices are showing gains of more than 1% in the pre-market.

NewsWare's Trade Talk: Wednesday, October 9

S&P Futures are flat to lower in the pre-market. Shares of Boeing are lower as union talks break down. Share of HD are higher as Hurricane Milton approaches landfall in Fla. The DOJ is considering calling for a breakup of Google. Overnight, China announced that an economic briefing is scheduled for Sat. Israel's leader Netanyahu is said to be having a phone call with President Biden today on the Middle East situation. In Europe, markets are higher as ECB officials indicate that a rate cut is likely next week. Oil prices have turned negative with stockpiles data in focus.

NewsWare's Trade Talk: Tuesday, October 8

S&P Futures are indicating a higher opening this morning as bond yields start to fall. Profit takings is being seen in Chinese stocks; China linked stocks are moving lower. There are a host of Fed speakers today, Fed officials will likely push forward expectations of a 25-basis point cut in November. Pepsi's earnings delivered a miss on revenue. Honeywell to spin off Advanced Materials business into publicly traded company. GM's analyst day is likely to create some market moving headlines today. In Europe, markets are lower as profit taking in Chinese stocks weighs on indices. Oil prices are falling yet the attention will remain on Middle East developments.

NewsWare's Trade Talk: Monday, October 7

S&P Futures are indicating a big move lower this morning. Markets are weakening due to rising bond yields and concerns on geopolitical tensions in the Middle East. CPI data for Sept to be released on Thursday. Apollo is buying the Barnes Group for 47.50 a share. Starboard has taken a position in PFE valued at $1B. Key events this week include TSLA robotaxi announcement, GM's Analysts meeting, and AI events for AMD and HPE. Earnings season gets underway this week. In Europe, markets are mixed this morning. Oil prices are displaying another strong leg higher in the pre-market.

NewsWare's Trade Talk: Friday, October 4

S&P Futures are displaying solid gains this morning. Markets await a key employment report this morning, the monthly non farms payrolls data. Retail stocks are gaining as port workers are returning to the job. Apollo is in talks to buy Barnes Group for $45 a share. Spirt airlines is in talks for a bankruptcy filing. The European Union is set to impose tariffs of up to 45% on electric cars made in China. In Europe, markets are mostly higher. Oil prices are higher as risk premium continue to inflate ahead of the expected Israeli strike against Iran.

NewsWare's Trade Talk: Thursday, October 3

S&P Futures are lower this morning as market continue to pay attention to geopolitical events in the Middle East. On the calendar for today are reports on Jobless Claims and Factory orders along with updates on the services sector. LEVI is falling after reporting earnings last night, STZ is scheduled to report this morning. Autos and banks are lower and Chinese retailers are falling due to profit taking. In Europe, markets mostly lower, weakness in the British Pound is a positive for U.K. stocks. Oil prices are showing strong gains as markets await a response from Israel on the recent Iranian strike.

NewsWare's Trade Talk: Wednesday, October 2

S&P Futures are flat to lower this morning with the dominant topic being Iran's missel strike on Israel. The strike was largely ineffective, and Israel has vowed to respond. A strong response will likely cause markets to weaken. The ADP employment report is due out this morning, last month's report was underwhelming. NKE release an EPS beat yesterday after the close, but the outlook remains weak. Luxury, casinos and oil stocks are positive this morning. In Europe, markets are attempting to close out the day higher, with all eyes on developments in the Middle East. Oil prices are surging this morning as volatility is moving higher. Markets are also waiting on comments from today's OPEC meeting and the official stockpiles report.

NewsWare's Trade Talk: Tuesday, October 1

S&P Futures are flat to higher this morning with a focus on pending data releases on manufacturing and employment this morning. Fed Chair Jerome Powell sees more rate cuts this year. MKC delivered a strong earnings beat this morning, NKE earnings are due out after the bell. Labor unrest continues as east coast port workers go on strike. Boeing is working on plans to raise at least $10 billion by selling new shares, union strike continues to weigh on share price. Pepsi is said to be in advanced talks to acquire tortilla-chip maker Siete Foods for +$1B. Israel has launched ground operations into southern Lebanon. In Europe, markets are mostly higher as traders price in another rate cut by the ECB. Oil prices are down this morning with geopolitical issues and expected production volume increases in focus.