NewsWare‘s Trade Talk

NewsWare's Trade Talk: Thursday, April 25

S&P Futures are moving lower this morning as the AI fueled rally appears to be stalling. The economic calendar is active today with this morning with the Q1 GDP report on tap for release. There is weakness in tech this morning after last night's earnings, specifically from META. Meta's release was actually very good report, but the expectations, similar to NFLX were very high. This morning MRK, HON & DOW all released earnings beats. In Europe markets are mixed with the focus on corporate earnings. Oil prices are flat to higher ahead a host of pending economic data points.

NewsWare's Trade Talk: Wednesday, April 24

S&P Futures are displaying gains this morning as earnings reports are lifting stock prices. On the economic calendar there are two upcoming economic reports to pay attention to. Tomorrows GDP and Fridays PCE releases. This morning there is the Durable Goods report is due out. Tesla is higher as the automaker rolls out a low-priced EV unit & talks up the cybercab. IBM is in focus today as the company appears likely to takeover cloud software provider HashiCorp and they are releasing earnings after the bell. In Europe markets are positive on corporate updates and a positive German business sentiment reading. Oil prices lower ahead of today stockpiles report.

NewsWare's Trade Talk: Tuesday, April 23

S&P Futures are indicating a positive opening this morning with corporate earnings in focus as 40% of the S&P 500 companies are schedule to report this week. GM, NVS & UPS have already delivered positive reports this morning and are all showing gains in the pre market. Apple's iPhone sales in China are said to be off by 19% in Q1. Purchasing Managers data on tap this morning and expected to show gains vrs the March figures. In Europe markets are higher due to positive earnings reports and the EuroZone PMI reading. Oil prices have just changed direction and are now trading lower. This afternoon's stockpiles report will likely be a key catalyst for oil.

NewsWare's Trade Talk: Monday, April 22

S&P Futures are indicating a strong opening for this morning as geopolitical tensions subside. The week ahead is filled with earnings reports from big tech companies and there are a host of important economic releases. SalesForce.com intended takeover of Informatica appears unlikely to occur as the two sides are unable to agree on terms. In Europe markets are higher ahead of European bank earnings this week. Oil prices are falling as the high level of spare capacity within OPEC countries is considered to be a buffer for any supply shocks.

NewsWare's Trade Talk: Friday, April 19

S&P Futures are lower this morning as market react to the big headline of Israel's attack on Iran. The attack was more symbolic in nature and while the S&P fell hard on the news they have since recovered and are setting up for a strong week ahead as Big Tech begins to release earnings. There will be no Fed Speak next week as the Fed officials will be in their blackout period ahead of the FOMC meeting. Last night's earnings announcement from NFLX was positive, but their forward guidance suggests subscriber rates could be peaking. In Europe markets are lower in a reaction to heightened geopolitical tensions. Oil prices surged 4% on news of the Israeli attack but have given back those gains as oil is now trading lower.

NewsWare's Trade Talk: Thursday, April 18

S&P Futures are mostly higher this morning with chips stocks in focus. TSMC earnings report was mainly positive & MU appears to be in line for a 6B grant from the Biden Administration. This morning earnings announcements from ALK, CMA & DHI were positive. After the bell today NFLX is set to release with subscriber data in focus. In today's action Fed Speakers will be out in force as the black out period starts on Saturday. In Europe markets are higher as middle east tensions are falling. Oil prices remain bearish as stockpile data in came in weak yesterday and President Bidens reissuing the sanctions on Venezuela were not as bad as feared.

NewsWare's Trade Talk: Wednesday, April 17

S&P Futures are showing positive action this morning due to mostly positive corporate updates. Shares of UAL are higher after a strong earnings report last night. Shares of ADSK are weak as it will be late with its annual report. The economic calendar is light today with Beige book data due out this afternoon. The Biden admin is looking to triple the tariffs on Chinese steel and aluminum products. The U.S. & The U.K are expected to announce a new round of sanction on Iran. In Europe markets are higher due to strong earnings reports. Oil prices are weakening with stockpile data in focus this morning.

NewsWare's Trade Talk: Tuesday, April 16

S&P Futures are flat to lower this morning with multiple factors in play. The possibility of Israel striking back at Iran remains a hot topic for the markets. New expectations that the Fed will only issue 1 rate cut in 2024 has markets on edge. Corporate earnings remain a key driver for stocks. This morning BAC, BK, JNJ, PNC and UNH all reported better than expected results. Fed Chair Powell to speak today at 1:15 pm. In Europe markets are down by more than 1% and oil prices are displaying some weakness in the pre-market.

NewsWare's Trade Talk: Monday, April 15

S&P Futures are trading higher this morning as market react to a de-escalation of tensions in the Middle East. The markets will continue to monitor the situation but will also be paying attention to this morning's Retail Sales report and corporate earnings announcements. Metals are higher amid new sanctions on Russia from the U.S. & the U.K. Salesforce.com is said to be eyeing a takeover of Informatica (INFA). Earnings are due out this morning from GS and SCHW. In Europe markets are displaying gains and oil prices are falling as Ian indicated that it is done with its retaliatory actions.

NewsWare's Trade Talk: Friday, April 12

S&P Futures are slightly lower this morning. International events are playing a role in this morning's action. China is telling its telecom firms not to use foreign made chips. The Biden administration has added 6 Chinese companies to its blacklist. Iran is expected to launch a retaliatory strike within days. First quarter earnings season kicks off today with reports due out from a number of big banks. In Europe markets are displaying strong gains as inflation data is weakening. Oil prices are being support by Middle East tensions; IEA cut its forecast for oil-demand growth this year.