NewsWare‘s Trade Talk

NewsWare's Trade Talk: Wednesday, March 27

S&P Futures are again displaying indications of a strong opening this morning. MMM is about to spin off its healthcare business in an IPO next month. MRK is trading at a 52 week high on a key FDA approval. On the Eanings front, shares of nCinco (NCNO) are higher by 12% on positive earnings, (it was the stock of the day yesterday on NewsWare's Trade Talk podcast). European markets are higher and Oil prices are lower this morning ahead of pending stockpile reports.

NewsWare's Trade Talk: Tuesday, March 26

S&P Futures are display indications of a strong opening this morning. While Fridays PCE report is the key economic release of the week, today markets will be paying attention to a host of key economic data points including Durable Goods for February, the Case-Shiller Home Prices Index for January and Consumer Confidence data for March. On the Eanings front, Spice maker McCormick (MKC) deliver a positive earnings against weak expectations, (it was the stock of the day yesterday on NewsWare's Trade Talk podcast). MMM announces settlement in earplug litigation. European markets are higher in cautious trading and Oil prices are flat to higher this morning ahead of pending stockpile reports.

NewsWare's Trade Talk: Monday, March 25

S&P Futures are moving lower this morning in a holiday shortened week. Tech is under pressure as China indicates that it will cease buying PC's containing INTC or AMD chips. EU regulators are looking into AAPL, META & GOOG over violation of new digital competition law. Markets will be paying attention to Fed Speakers today. European markets are lower with weakness in tech and Oil prices are moving higher this morning on geopolitical events.

NewsWare's Trade Talk: Friday, March 22

S&P Futures are positive this morning with markets continuing to display strength mainly due to the Fed's continuation of 3 rate cuts in 2024. The economic calendar is void of any market moving reports today, however the Fed is scheduled to hold a Fed Listens event. Earnings were mixed yesterday after the close, FDX is higher, LULU and NKE are trading lower this morning. A ceasefire proposal is likely to be presented at the UN today. European markets are higher, retail sales data out of the U.K was positive and Oil prices have turned higher this morning.

NewsWare's Trade Talk: Thursday, March 21

S&P Futures are displaying solid gains this morning as yesterday's Fed news is sparking a rally in equities. Fed Chairman Jerome Powell was dovish in his press conference. This morning's PMI data for manufacturing and services will be widely watched. On the earnings front, Micron delivered a positive report sending the shares higher. This afternoon we have reports due out from NKE, FDX & LULU. Apple shares are week as an announcement from the DOJ is expected today. European markets are higher, there is a BOE rate decision today and Oil prices are displaying weakness this morning.

NewsWare's Trade Talk: Wednesday, March 20

S&P Futures are lower this morning and are in a tight trading range which is typical pending an announcement by the Fed on monetary policy. The updated Dot Plot data will provide the markets with indication as to the timing and the number of possible rate cuts in 2024. Intel is showing strong gains this morning as they will be receiving an $8.5B grant from the Chips Act later today. Shares of Chipotle Mexican Grill are higher after the board approved a 50-for-1 split of the fast-casual restaurant chain's common stock. Boeing shares are lower as their CFO said that the company is limiting production of its 737 planes. European markets are mixed to lower and Oil prices are displaying weakness this morning ahead of a key stockpiles report.

NewsWare's Trade Talk: Tuesday, March 19

S&P Futures are lower this morning as traders show caution ahead of tomorrow's FOMC announcement. Overnight, the Bank of Japan lifted interest rates and gave dovish guidance. At the Nivida conference late yesterday, they introduced its new Blackwell chip system. In Europe, markets are mainly higher. Oil prices are slightly lower this morning.

NewsWare's Trade Talk: Monday, March 18

S&P Futures are trading higher this morning as markets await monetary decisions from the BOJ, FOMC & the BOE this week. The BOJ is expected to hike interest rates while the FOMC & the BOE are expected to leave rates unchanged. Wednesday announcement will include an update to the Feds Dot Plot which is expected to show Fed members penciling in 2 rate cuts this year, down from 3. Apple is said to be in talks with Google over the use of its Gemini AI tool in its new iPhone. Nivida GTC Developers conference starts today, Keynote address to discuss the company's latest AI offerings. President Biden is expected to announce a chip grant on Wednesday in Arizona. Earning announcement this week include MU, FDX, LULU & NKE. In Europe, markets are mainly higher. Oil prices are also positive this morning with both contracts at 3-month highs.

NewsWare's Trade Talk: Friday, March 15

S&P Futures are trading higher this morning ahead of multiple economic releases due out this morning. Markets expected to have some near-term volatility as there is a FOMC meeting next week. June rate cut expectations are falling. Key take away from next week's meeting is likely to be a revised Dot Plot. The BOJ is expected to announce an increase in interest rates on Monday. Chip stocks under pressure this morning as China urges EV makers to buy chips domestically. Next week, watch for earnings announcements from MU, FDX, LULU & NKE. In Europe, markets are mainly higher Oil prices are lower, but expected to finish the week with a strong weekly gain.

NewsWare's Trade Talk: Thursday, March 14

S&P Futures are displaying solid gains this morning as the market eagerly anticipates the release of key US economic indicators, including producer price data. The PPI data is used to calculate the PCE data which is due out on March 20th. In deal news, PARA sells its 13% stake in Viacom 18 to India's Reliance, AZN to buy rare-disease specialist Amolyt Pharma. Earnings from ULTA & ADBE are due out after the bell today. FOSL, QSR & UA announced CEO changes. In Europe, markets are trading higher Oil prices are gaining this morning on the back of the monthly report from the International Energy Agency.