NewsWare‘s Trade Talk

NewsWare's Trade Talk: Tuesday, July 9

S&P Futures are higher this morning ahead of Jerome Powell's address to the Senate. BP expects an impairment charge of 2 billion. GLW raised its guidance for the second quarter. A NATO summit starts today. President Biden pledges to boost Ukraine's air defenses. House democrats are said to be having a meeting today to address growing concerns over Biden's ability to win this year's presidential election. In Europe, markets have gone from green to red as market show conerns ahead of Powell's testimony. Oil prices are falling as Hurrican Beryl weakened to a tropical storm prior to hitting southern Texas.

NewsWare's Trade Talk: Monday, July 8

S&P Futures are flat to lower this morning in what is expected to by a busy week in the financial markets. Fed Chairman Jerome Powell will be speaking to lawmakers on Capitol Hill this week. Key inflation reports are due out (CPI & PPI) and the Q2 earnings season gets underway. PARA agreed to a merger deal. Shares of BAX are higher as Carlyle is in talks to buy kidney care unit. Boeing has agreed to plead guilty. In Europe, markets higher as election result come in. Oil prices are falling as due to the weakening hurricane and geopolitical issues.

NewsWare's Trade Talk: Friday, July 5

S&P Futures are ticking higher this morning ahead of the release of the Non-Farms Payrolls data. European elections outcome is a net positive due to the uncertainty factor being remove. Shares of Macy's are higher as the company receives a new buyout bid. Tesla is higher as the companies' vehicles as it was added to a governmental procurement list in China. Pressure for President Biden to step down is said to be increasing. He will be interviews today by the ABC network. In Europe, markets higher as markets remain positive as election results come in. Oil prices are flat to lower this morning.

NewsWare's Trade Talk: Wednesday, July 3

S&P Futures are ticking higher this morning ahead of a host of economic schedule for release this morning. Markets close today at 1:00 ET. Tesla continues to move higher as the stock is up +3.5% in the premarket. PARA is said to have reached a deal with Skydance. The reshuffling of the BofA focus list is getting attention this morning. In Europe, markets higher as markets remain positive on recent inflation comments from Fed Chair Jerome Powell. Oil prices are showing some weakness ahead of this morning stockpiles release.

NewsWare's Trade Talk: Tuesday, July 2

S&P Futures are lower this morning as markets awain economic data and comments from Fed Chair Jerome Powell. This morning we hav ethe JOLT's report scheduled for release and Fed Chairman Powell is scheduled to speak this morning at 9:30 am at the ECB conference in Portugal. Tesla release weak EV sales data this morning. Barry Dillard is said to be considering a bid for PARA. Bank stocks are raising divided payments after passing the Fed's latest stress test. In Europe, markets are lower as pending election and comments from ECB officials on interest rates is weighing on the markets. Oil prices continue to deliver gains. Hurrican Beryl, Middle East tensions and expectations of elevated summar demand are helping to keep prices higher.

NewsWare's Trade Talk: Monday, July 1

S&P Futures are higher this morning ahead of a shorten trading week. U.S. market close early on Wednesday. Economic data in focus this week, Fed Chair Jerome Powell to speak tomorrow morning at the ECB Sinatra conference. The key economic datapoint for today will be the PMI readings. Boeing shares are lower as they have agreed to purchase Spirt AeroSystems in a deal. Shares of Disney & Tesla are on watch. The Pixar move Inside Out crossed the $1B mark in ticket sales. Tesla is expected to report quarterly deliveries tomorrow. In Europe, markets are mainly higher. French election results indicate the nations far right Nation Party is less likely to win an overall majority. Oil prices continue to display positive action on Middle East tensions and an expected demand increase in the 3rd quarter.

NewsWare's Trade Talk: Friday, June 28

S&P Futures are positive as markets anticipate the PCE report to indicate a continue drop in inflation year over year. This morning PCE data is really the key market moving data point for today. The probability of a rate cut by September is currently at 64%, rising to 76% by November and 94% by December. The Biden Trump debate will receive increased media attention today, but did not provide anything new revelations on either candidate. Nike released disappointing earnings last night. In Europe, markets are mainly higher. Oil prices continue to gain with supply concerns and geopolitical issues causing the move.

NewsWare's Trade Talk: Thursday, June 27

S&P Futures are flat to lower this morning as last night's earnings from Micron is weighing on the chips sector. There is a host of economic reports due out before the opening bell including Jobless Clams, Durable Goods. The results of the Fed Stress Test are in with all major bank receiving a passing grade. Earnings from MU, LEVI and WBA failed to impress. Nike is schedule to release after the bell today. There are a host of pending catalysts including tomorrow's inflation data, French & U.K. elections and a host of Fed Speak tomorrow. In Europe, markets are mostly seeing red as market prepared for inflation data results. Oil prices are seeing gains as geopolitical issues are on the rise.

NewsWare's Trade Talk: Wednesday, June 26

S&P Futures are indicating a move higher this morning as gains continued to be seen in the semiconductor sector. Nivida is scheduled to hold its shareholder meeting at noon ET. The economic data on New Home sales is due out after the opening. Southwest Airlines (LUV) issued a guidance warning this morning. RIVN shares are higher on news of a joint venture with Volkswagen. Volkswagen to invest $1B. Whirlpool (WHR) & Vista Outdoor (VSTO) are also trading higher on takeover speculation. In Europe, markets are mostly higher as tech and energy stocks are higher. Oil prices are trading higher ahead of this morning's stockpiles release from the EIA.

NewsWare's Trade Talk: Tuesday, June 25

S&P Futures are positive this morning with gains being seen in tech stocks. Nivida is scheduled to hold its shareholder meeting tomorrow at noon ET. The economic calendar is active this morning with the key report being the Consumer Confidence data due out 30 min after the opening bell. After the bell today FDX & PRGS are schedule to report earnings. In Europe, markets are lower as weakness in tech and pending elections remain sources of market volatility. Oil prices are ticking lower with Chinese demand concerns in questions. After the bell today watch for the API stockpiles data.