NewsWare‘s Trade Talk

NewsWare's Trade Talk: Tuesday, August 6

S&P Futures are displaying a move higher this morning as Japan's markets gained +10% overnight. No fundamental changes overnight, and Fed officials talked down the sensationalized stories related to a pending recession. Positive earnings announcements for CAT, H, OC. TAP & UBER this morning. Google lost lawsuit as judges calls in a monopoly. Russia top defense officials are said to be in Iran meeting with Iranian military leaders. In Europe, markets are moving between gains and losses. Oil prices are moving higher as Middle East tensions are elevated.

NewsWare's Trade Talk: Monday, August 5

S&P Futures are seeing an aggressive move lower this morning with futures falling near 3%. Japan's Nikkei index suffered a more than 12% decline on the day, setting the stage for a significant reset of global equity prices. Comparisons to the 1987 meltdown are unwarranted as that correction came with a unique issue of market quotes being the markets by hours. There is no near-term catalyst this week which will pull the market out of its current slide, consumer staples and healthcare stocks typically perform best during market selloffs. Continuing concerns on Friday's jobs data, recession fears, along with comments that the Fed is behind the curve are often mentioned this morning. In Europe, markets are off by more than 2%. Oil prices are falling as demand concerns weigh significantly on prices this morning. 

NewsWare's Trade Talk: Friday, August 2

S&P Futures are falling due to indications of a weakening economy and corporate earnings results. This morning Non-Farms Payroll report is in focus and is expected to show a fall in employment data from last month. INTC delivered a highly negative earnings report yesterday and AMZN guidance was weak, AAPL's report came in better than expected. This morning XOM beat while CVX missed. Yesterday's weak PMI is causing markets to fall globally. Ahead of a pending change in monetary policy, companies are decreasing their investments. In Europe, markets are bearish on elevated selling pressure. Oil is higher as the situation in the Middle East remains tense.

NewsWare's Trade Talk: Thursday, August 1

S&P Futures are higher in the pre-market as markets react to the positive earnings results from META. After the bell today we hear from AAPL, AMZN & INTC. Sentiment is positive as Fed officials appear set to being loosening monetary policy in September. A rate decision from the BOE it due today, Japan's rate increase is strengthening the yen, causing Japanese equities to slide. Jobless Claims & Manufacturing PMI data on tap for release today. In Europe, markets are weaker due to downbeat earnings in the auto sector. Oil continues to gain on the threat of escalating tensions in the Middle East.

NewsWare's Trade Talk: Wednesday, July 31

S&P Futures are higher in the pre-market as markets await todays statement from the Fed. HUM, BWA, DD, ANET, AMD & MSFT all delivered beats. After the bell today we hear from META, QCOM, ARM, LRCX & ETSY. Microsoft's overall sales and profit growth beat expectations, but revenue in its cloud-computing business narrowly missed. Israel is thought to be behind a missile strike inside Iran that killed a Hamas leader overnight, which is causing oil price to move higher. Japan, South Korea and the Netherlands are said to be excluded from the list of countries being blacklisted for chip sales, final rules to be published next month. In Europe, markets are higher due to positive corporate earnings updates and indications that a stimulus plan from China will soon be released.

NewsWare's Trade Talk: Tuesday, July 30

S&P Futures are higher in the pre-market as markets await a host of key earnings reports. MRK, PFE, JBLU & SWK have already reported positive earnings this morning. After the bell today we hear form MSFT, AMD, ANET, SBUX & QRVO. Tomorrow there are two cental Bank announcements, one from the Fed and on from the Bank of Japan. The BOJ and the BOE are also having cental bank meetings this week. Oil prices continue to trend lower on demand concerns and in Europe, markets are mixed to higher as the EuroZone GDP growth rates came in higher than the estimates.

NewsWare's Trade Talk: Monday, July 29

S&P Futures are positive this morning as we head into one of the busiest weeks of the summer. The focus is on corporate earnings and this week's FOMC meeting. MCD & ON are set to report this morning along with a host of big tech earnings due out later this week. There is an FOMC meeting with an announcement scheduled for Wednesday where it is expected they will shift their narrative from inflation to employment. The BOJ and the BOE are also having cental bank meetings this week. NVDA's CEO is also scheduled to speak today after the closing bell. In Europe, markets are mixed as early market gains have cooled down.

NewsWare's Trade Talk: Friday, July 26

S&P Futures are showing strong gains this morning as the market awaits a key inflation report which is due out before the opening bell. There were no major earnings reports last night, this morning CL & MMM shares are rising on positive earnings results. Autos, banks and tech stocks are showing gains this morning. Next week is a very active week for the markets with earnings reports due out from MSFT, AAPL, AMZN & META. There is also a Fed announcement and a host of employment data on tap. NVDA's CEO is also scheduled to speak on Monday. In Europe, markets are higher with positive action in industrials, basic resources and luxury.

NewsWare's Trade Talk: Thursday, July 25

S&P Futures are continuing to fall as the market is overwhelmed with a bearish sentiment. This morning's GDP and Jobless Claims report could turn out to be key catalysts today. Positive earnings reports from CMG, IBM NOW & KLAC and shares are higher. This morning AZN & HON delivered beats but are falling in the pre-market. China's Cental Bank delivered a surprised rat cut overnight. BAC CARR & HOG all announced big share buybacks. In Europe, markets are lower due to disappointing earnings results.

NewsWare's Trade Talk: Wednesday, July 24

S&P Futures are falling in the pre-market as earnings results from big tech companies weigh on the index. The focus today will remain on earnings announcements. This afternoon IBM, NOW, KLAC, F and CMG are set to report. In Visa's earnings report yesterday indicates that consumer spending is softening. In Europe, markets are lower as earnings push the indexes lower this morning.