NewsWare‘s Trade Talk

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.

NewsWare's Trade Talk: Monday, September 30

S&P Futures are flat to lower ahead of this morning as we head into the week with employment data in focus. Fed Chair Jerome Powell is speaking this afternoon. The union of dockworkers on the east coast appear likely to go on strike a midnight as contract expires. Boeing talks with union officials are stalled over pension issues. Auto stocks are lower as Stellantis lowers its guidance. AT&T is selling its 70% stake in DirectTV to TPG. In Europe, markets are weakening as the selloff in auto stocks is pushing indices lower. Oil prices are edging higher as additional Chinese stimulus and elevated Middle East tensions are pushing oil prices higher this morning.

NewsWare's Trade Talk: Friday, September 27

S&P Futures are flat to lower ahead of this morning PCE data. COST delivered an earnings beat on lower revenue last night. DirecTV is in talks to acquire Dish Network. Union leaders at Boeing did not take the latest offer to a vote. A longshoreman strike is possible next week, a prolong strike would hurt holiday sales. Bristol Meyers receives approval for its schizophrenia treatment. In Europe, markets are positive luxury and mining's stocks are higher. Oil prices are edging higher ahead of next week's OPEC meeting.

NewsWare's Trade Talk: Thursday, September 26

S&P Futures are displaying a strong leg higher this morning. Key factors behind the positive action are the stimulus plans out of China and the positive earnings announcement from Micron. Economic data will be on watch today with multiply economic reports due out. Market will also be paying attention to a host of Fed speakers this morning. Southwest Airline is holding a key investors day today as Elliott mgmt pushed for changes. After the bell, COST to release earnings and tomorrow PCE data is scheduled for release. In Europe, markets are gaining, autos & luxury and mining's stocks are higher. Oil prices are off by 2%. Saudia Aribia is said to be abandoning its $100 barrel price target as it looks to ramp up production.

NewsWare's Trade Talk: Wednesday, September 25

S&P Futures are ticking lower ahead of the opening bell today. Sentiment is cautious this morning as markets hit another all time high yesterday. China continued to provide stimulus as its central bank cut its one-year loan rate to 2% from 2.3%. Meta's Meta Connect event starts today, CEO to speak at 1:00 pm. Presidential candidate Harris is said to be making a major economic speech today. The DOJ is said to be investigating SAP and Accenture. Micron to release earnings after the bell today. In Europe, markets are gaining, autos & luxury and mining's stocks are higher. Oil prices are off by 0.75% with stockpiles data in focus.

NewsWare's Trade Talk: Tuesday, September 24

S&P Futures are flat to higher ahead of the opening bell today. Sentiment is positive as China finally releases a strong stimulus package. Visa is on watch as the Justice Dept is said to preparing a lawsuit over anti-competitive practices. Boeing looks to end union strike and send a proposal yesterday. Fed Governor Michelle Bowman to speak today, she was the only dissenting vote in last weeks Fed decision. Senator will be grilling the CEO of Bovo Nordisk today over the high cost of weight loss drugs. In Europe, markets are gaining, autos & luxury and mining's stocks are higher. Oil prices are displaying strong gains of more than 2%.

NewsWare's Trade Talk: Monday, September 23

S&P Futures are slightly higher this morning. There are a host of Fed speakers this morning. Flash PMI data out of Europe were negative this morning which may push the ECB to ease monetary policy. China PBOC lower a borrowing rate this morning and scheduled an announcement for tomorrow. DELL, PLTR & ERIE have been added to the SPX index as of today. Intel is higher due to market chatter that Apollo is preparing a multi-billion-dollar investment. House Speaker Mike Johnson indicated that the House will vote this week on a 3-month stopgap funding bill. In Europe, markets are mixed autos & luxury stocks are lower Oil prices are edging higher.

NewsWare's Trade Talk: Friday, September 20

S&P Futures are weakening this morning as the markets react to more cental bank decisions. The economic calendar is light today. Overnight, Lennar, Fed Ex and MillerKnoll released disappointing earnings. The BOJ and the PBOC left rates unchanged, markets were expecting a rate cut from the PBOC. Nike's CEO announced his retirement. Autos are weak as Mercedes trimmed its forecast amid ongoing weakness in China. Chip stocks are also falling. In Europe, markets are pulling back as autos, luxury and tech stocks fall. Oil prices are edging lower as China's PBOC left rates unchanged overnight.