NewsWare‘s Trade Talk

NewsWare's Trade Talk: Tuesday, July 23

S&P Futures are higher this morning with the focus on pending economic reports due out Thursday and Friday. Fang stocks are gaining while semiconductor stocks are falling. Vice President Harris is closer to securing the Democratic presidential nomination. OMI to buy Roche Holdings. GM, DGX GE & SPOT all raised guidance. In Europe, markets are have turning higher on positive comments from earnings reports and dovish comments from an ECB official.

NewsWare's Trade Talk: Monday, July 22

S&P Futures are higher this morning as markets bounces back from Friday's sell off. CRWD remain weak as the downgrades have start to flow in. The airline sector is lower due to the cancelation of thousands of flights over the weekend. President Biden announced that he will be dropping out of the presidential race on Sunday. This will be a major talking point for the markets, but unlikely to create volatility. Markets are focused on Earnings and Friday's CPI release this week. China lower rates overnight, while the cut was not significant, it was unexpected. In Europe, markets are higher with positive action in autos, industrials, tech & healthcare. Oil prices are ticking lower this morning.

NewsWare's Trade Talk: Friday, July 19

S&P Futures are negative this morning due to a global communication outage that is said to have been caused by a software updated from cyber security firm CrowdStrike. CrowdStrike CEO has said that this is not a security incident or cyberattack and that the issue has been identified and that a fix has been deployed. Travel sector is on watch as IT outage news. NFLX delivered solid results, AXP & TRV delivered beats this morning. Economic calendar is light, Fed black out period starts tomorrow. Talk of President Biden removing himself from the race remain elevated. In Europe, markets are lower due to the cyber incident. Oil prices are ticking lower this morning.

NewsWare's Trade Talk: Thursday, July 18

S&P Futures are positive this morning with gains in tech shares. Earnings are in focus today, last night report from TSM was positive, company raised guidance which is helping elevate the sector. this morning. Airline sector is weak as UAL & ALK guided lower yesterday. After the bell today NFLX is expected to report. Odds of President Biden leaving the race have increased over the last 24 hours. Also seeing earnings beats from ASML, JNJ, CFG & USB in the pre-market. Multiple Fed speakers today (Goolsbee, Logan & Daly) which will be their last comments before the July Fed meeting. In Europe, markets are higher ahead of an ECB announcement on monetary policy. Market anticipates two more rate cuts from the ECB this year. Oil prices are ticking lower as oil gives back some of yesterday's gains.

NewsWare's Trade Talk: Wednesday, July 17

S&P Futures are giving back some of yesterday's big gains with tech shares falling this morning. Market is aggressively moving out of tech and into small caps. White House is looking at more restriction on tech sales by foreign companies. Five Below lowered its eps guidance and said that it's CEO is stepping down. Also seeing earnings beats from ASML, JNJ, CFG & USB in the pre market. In Europe, markets are lower as Trump talks up tariffs on foreign companies. Earnings remain a key factor today with AA, UAL and DFS to report after the bell. Oil prices have turning higher due to a draw in stockpile estimated for last night's API report. Stockpiles data will be monitored closely.

NewsWare's Trade Talk: Tuesday, July 16

 S&P Futures are cautiously higher this morning as markets continue to price in a September rate cut from the Fed. This morning, before the opening bell the Retail Sales data is to be released. Starboard has built a position in Match Group. Also seeing earnings beats from BAC, PNC & UNH in the pre market. In Europe, markets are lower with weakness in auto luxury and retail stocks. Underperformance in Chinese stocks. ECB announcement scheduled for Thursday. Oil prices are falling this morning as Chinese demand continues to weigh on markets, Stockpiles data will be monitored closely.

NewsWare's Trade Talk: Monday, July 15

S&P Futures are seeing strong gains this morning as markets are now expecting the Fed to start lowering rates in September. Fed Chairman Jerome Powell is speaking today. Google is said to be close to a takeover deal with Cybersecurity startup Wiz in a deal said to be worth $23B. Republican National Convention starts today. Earnings season is underway, this week approximately 50, S&P companies will be reporting. In Europe, markets with weakness in luxury stocks. There is an ECB meeting this week with an announcement scheduled for Thursday. Oil prices are flat to lower this morning as the market deal with weakening demand from China against positive data from the U.S.

NewsWare's Trade Talk: Friday, July 12

S&P Futures are slightly higher this morning with the data on the Produce Price Index pending release. President performed well at yesterday's press conference, indicated that he is staying in the race, but laid out a scenario where he would consider dropping out of the race. Export data out of China were strong. Earnings in focus this morning JPM, BK & WFC all delivered eps beats, JPM & WFC are moving lower this morning. AT&T trading lower as a hacker is said to have stolen data on nearly all its customers. In Europe, markets are higher on expectations of a Sept rate cut increase. Oil prices are continuing to display gains this morning.

NewsWare's Trade Talk: Thursday, July 11

S&P Futures are slightly lower this morning. The key event today is the CPI report which is due out before the market. Pepsi and Delta are trading lower after earning releases. Costco announced that they will be raising membership fees in Sept. President Biden is scheduled to hold a press conference today after the NATO summit. NATO pledges $43B in aid to Ukraine with talk of membership. The FTC is said to be preparing legal action against pharma benefits managers (CI, CVS & UNH). Pfizer is higher on positive news on its weight loss drug. In Europe, markets are higher on positive economic data. Oil prices are showing gains with multiple key catalysts ahead.

NewsWare's Trade Talk: Wednesday, July 10

S&P Futures are positive this morning ahead of Fed Chairman Jerome appearance this morning in front of congress. AAPL & Microsoft are said to be relinquishes their roles on Open AI's board in an effort to avoid scrutiny for regulators. Inflation data out of China indicates a weak demand picture, next week there is a major meeting of the Politburo, and a stimulus announcement is expected. In Europe, markets are higher with travel stocks seeing positive action. Oil prices just turned lower, likely due to the economic data out of China. OPEC monthly report and stockpile data from the EIA are due out this morning.