NewsWare‘s Trade Talk

NewsWare's Trade Talk: Thursday, May 9

S&P Futures are flat to lower and in need of a spark. ARM's forward guidance has markets concerned. APP beat forecasts And COST delivered positive same store sales data after the bell yesterday. In focus this morning is the Weekly Jobs data and a monetary policy announcement from the BOE. In Europe, markets are mainly higher with gains in autos and energy stocks. Oil prices are positive this morning due to China's trade data and continued optimism over the recent stockpiles report.

NewsWare's Trade Talk: Wednesday, May 8

S&P Futures are flat to higher with the markets looking for a catalyst to create volatility this morning. Earnings announcements continue to be a key factor behind the market momentum with positive earnings reports from ANET, WYNN &RDDT. Next week Walmart and Home Depot are scheduled to release. President Biden is in WIS to announce a $3B MSFT datacenter while his administration has revoked the export licenses that allow Intel and Qualcomm to supply Huawei with semiconductors. In Europe, markets are higher with gains in industrials, media and healthcare. Oil prices have turned lower this morning, API data showed a build in inventories.

NewsWare's Trade Talk: Tuesday, May 7

S&P Futures are higher this morning as encouraging Fed speak yesterday is reigniting the markets expectations for rate cuts this year. Positive earnings from DIS, J & KVUE has hit the tape already this morning. After the bell today watch for earnings from ARM, ABNB, TTD, APP & HOOD. The EU has approved the acquisition of U.S. Steel by Nippon Steel. Apple has made multiple announcement this morning ahead of this morning's product launch event. - In Europe, markets are higher with gains in banks and tech stocks. Oil prices have turned lower this morning, the recent events in the Middle East do not appear to be adding to oils volatility.

NewsWare's Trade Talk: Monday, May 6

S&P Futures are higher this morning as the market remains positive on Friday's employment report which is viewed as a catalyst for the Fed to lower interest rates. Positive earnings from Berkshire Hathaway came out over the weekend, they also revealed that they lower their stake in AAPL. Lowes reported a beat this morning on higher revenue. Middle East tensions are rising as ceasefire talks appear to be in jeopardy. In Europe, markets are higher with gains in autos and energy stocks. ECB appears to be on track for a June rate cut. Oil prices are higher this morning.

NewsWare's Trade Talk: Friday, May 3

S&P Futures are showing positive activity this morning ahead of the widely anticipated Non-Farms Payrolls report this morning. The payrolls data is the key economic data point for the day and is expected to show a number near 240K added jobs for April. Earnings from AAPL beat against a low bar. AMGN also beat, but their update on their weight loss drug is causing significant gains this morning. Key earnings announcements for nest week include BP, DIS, ANET, UBER, BUD, TTD & ABNB. In Europe, markets are higher with gains in financials and luxury stocks. Oil prices are slightly higher back this morning and appear headed for a 5% loss for the week.

NewsWare's Trade Talk: Thursday, May 2

S&P Futures are showing strong gains this morning as markets continue to digest yesterday's commentary from Fed Chair Jerome Powell. His comment that the next move is not likely to be a hike was well received. The economic calendar is highly active this morning with employment data on tap. MSFT announced a big investment in Malaysia for its cloud and AI efforts. Strong rebound in Hong Kong, Chinese tech stocks are gaining. There were a host of key earnings announcements last night and after the bell today AAPL, AMGN SQ & DKNG are scheduled to report. In Europe markets are turning higher. Oil prices are showing a slight bounce back this morning after yesterday's 3% drop.

NewsWare's Trade Talk: Wednesday, May 1

S&P Futures are slightly lower this morning as the market is preparing for a negative commentary on interest rate by the Fed this afternoon. The economic calendar is highly active this morning, but the key datapoint for today will be the Fed announcement. CVS lowered full year guidance, JNJ is looking to spin litigation risk for talc powder lawsuits into a new fund. There were a host of key earnings announcements last night and after the bell today QCOM, DASH, ALL, EBAY & Z are scheduled to report. In Europe markets are mostly closed for the Labor day Holiday. Oil prices are falling with stockpile data in focus.

NewsWare's Trade Talk: Tuesday, April 30

S&P Futures are slightly lower this morning with corporate earnings and tomorrows Fed announcement being the key short-term factors for markets. On the economic front, the Fed starts its two-day meeting today, later this morning there is the Consumer Confidence report being released. MMM came in with an earnings beat this morning. After the bell today AMZN & AMD are scheduled to release. In Europe markets are slightly lower with markets paying attention to corporate earnings announcement. Oil prices are slightly higher with truce talks being a key area of interest for oil traders.

NewsWare's Trade Talk: Monday, April 29

S&P Futures are higher this morning as markets prepares for an important week ahead. Key earnings data, a Fed announcement and a host of economic data on employment are on tap for this week. DPZ is trading higher after releasing positive earnings this morning. TSLA is said to have been given the green light in China to roll out its driver-assisted service. Egypt is pushing a new cease-fire proposal which is causing tensions in the Middle East to subside. In Europe markets are higher with financial shares gaining. Oil prices are slightly lower in a reaction as a cease-fire proposal appears possible.

NewsWare's Trade Talk: Friday, April 26

S&P Futures are displaying a strong move to the upside this morning due to strong earnings reports from MSFT & GOOG last night. Key economic data point for the day is today's Personal Income and Spending data due out 1 hour before the opening bell. Secretary of State Blinken is in China for a meeting with President Xi to address trade complaints and their support for Russia. CVX & XOM both reported positive earnings this morning. In Europe markets are higher with tech shares gaining. Oil prices are slightly higher and looking to close out the week with a gain.