NewsWare‘s Trade Talk

NewsWare‘s Trade Talk: Thursday, December 2

S&P Futures are indicating a higher opening this morning. The key economic event today is the Jobless Claims report being released 1 hour before the market open. OPEC will be making an announcement this morning on production quotas that will create volatility in the sector today. PFE and GSK have spoken positively on the effectiveness of their Covid treatments against the Omicron variant. Lawmakers on Capitol Hill are said to be close to an agreement for raising the debt ceiling. Later this afternoon, watch for earnings releases from DOCU, MRVL, OLLI, COO, GWRE, ULTA, and SWBI. Key earnings released Tuesday included FIVE, SLPK, SNOW abd CRWD.

Look out for some key FANG alerts:

Meta Platforms Inc: Facebook asked a U.S. court on Wednesday to dismiss and not allow the refiling of an antitrust lawsuit by the U.S. Federal Trade Commission which urges a court to demand that the company sell two big subsidiaries.

Apple Inc: The company has told its parts suppliers that demand for the iPhone 13 lineup has slowed.

Amazon: AWS Announces Two New Initiatives That Make Machine Learning More Accessible

NewsWare‘s Trade Talk: Wednesday, December 1

S&P Futures are displaying strong gains this morning. Asia closed higher, Europe in up and oil futures are pushing higher by 3% ahead of tomorrow's OPEC announcement. This morning we have the PMI data being released. There are a couple of important economic reports scheduled for release today including the ADP Employment Report and the EIA Stockpiles Report.

NewsWare‘s Trade Talk: Tuesday, November 30

S&P Futures are trading lower this morning. Futures were ticker higher until the CEO of Moderna warned that the existing vaccines will likely be less effective against the Omicron variant. The market will be paying attention to testimony from Fed Chair Jerome Powell today Also in focus Tuesday will be data on house prices and consumer confidence, set to be released at 9 a.m. ET and 10 a.m., respectively. Earnings from Salesforce.com and Hewlett Packard Enterprise are due after markets close.

NewsWare‘s Trade Talk: Monday, November 29

S&P Futures are gaining this morning. The markets in Europe and here in the U.S. are bouncing back as traders are awaiting more clarity on the likely transmissibility and severity of the Omicron variant and on the efficacy of the current vaccines. Covid stocks are displaying strong gain this morning, while casino stocks remain under pressure.

NewsWare‘s Trade Talk: Friday, November 26

S&P Futures are dropping as global markets plunged. There is a new COVID variant detected in South Africa that is causing weakness in the markets. Sectors being hit hard include Airlines, Banks, Commodities, Energy, & Travel. Healthcare stocks are showing gains. Global market have all dropped 2.5%, S&P are only off 1.6% indicating that the market has room to move lower. Market is scheduled to close at 1:00 p.m. today. 

NewsWare‘s Trade Talk: Wednesday, November 24

S&P Futures are trading slightly lower this morning as traders awaited a busy day of economic data releases ahead of the Thanksgiving holiday, plus minutes from the Federal Reserve's latest meeting. Oil prices moved higher yesterday on news that coordinated releases of strategic reserves. Retailers GPS and JWN are trading lower by 20% after releasing disappointing earnings last night.

NewsWare‘s Trade Talk: Tuesday, November 23

S&P Futures are trading slightly lower this morning.This morning we are seeing rising bond yields. The yield on the benchmark 10-year bond also rose, reaching as high as 1.643% before easing to 1.624%. The key economic report today is the Surveys of Purchasing Managers report which is due for release 15 minutes after the market opens.

NewsWare‘s Trade Talk: Monday, November 22

S&P Futures are trading higher this morning. The key economic report today is the Existing Home Sales report which is due out 30 minutes after the market opens. ARWA, KEYS, URBN, and ZM are scheduled to release quarterly earnings today. Some M&A activity in the telecom sector this morning including active merger talks is underway in Telecom Italia and Vonage., and takeover chatter in Monster Beverage. 

NewsWare‘s Trade Talk: Friday, November 19 - Full Episode

Listen back to NewsWare's Trade Talk from Friday, November 19. The end of the episode didn't make it into the first posting from the day - Listen to the full epsiode here!

NewsWare‘s Trade Talk: Friday, November 19

S&P Futures are trading lower this morning with bond yields declining amid rising Covid-19 cases and acceleration of restrictions in Europe. Austria is going into a nationwide lockdown starting Monday, with restaurants and retail sectors to close. Areas in Germany are also going into a partial lockdown next week. Oil prices are lower as due to the new lockdowns and indications that OPEC countries have increased their production. Retail stocks remain in focus with earnings reports due out today from Foot Locker and Buckle.