NewsWare‘s Trade Talk

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.

NewsWare's Trade Talk: Wednesday, March 13

S&P Futures are moving slightly higher morning. The economic calendar is light this morning and Federal Reserve officials are in their black out period ahead of next week's FOMC meeting. Earnings from DLTR, WOOF and WSM are due out his morning and PATH, S & LEN are due out after the bell. In Europe, markets are trading higher Oil prices are gaining this morning ahead of the release of the monthly OPEC report.

NewsWare's Trade Talk: Tuesday, March 12

S&P Futures are positive this morning with this morning's CPI release in focus. The February report is likely to reflect a continued gradual disinflation process in the US, although the inflation rate remains elevated.  In an interview last night, JPM CEO Jamie Dimon suggested the Fed needs to wait longer before cutting interest rates. Shares of ORCL are higher by 13% this morning after last night's earning release. In Europe, markets are trading higher Oil prices are gaining this morning ahead of the release of the monthly OPEC report.

NewsWare's Trade Talk: Monday, March 11

S&P Futures are in the red this morning with tomorrow report on inflation in focus. While tomorrows release is expected to show a decrease in the core, it is not expected to be in a range that the Fed wants to see before they start moving forward with rate cuts. Shares of Boeing are lower this morning on news that the Justice dept is considering a criminal probe into manufacturing concerns. After the bell today earnings announcements are expected from ORCL, CASY & MTN. In Europe, markets are trading lower due to the pending inflation reports due out this week. Oil prices are slightly lower this morning.

NewsWare's Trade Talk: Friday, March 8

S&P Futures are displaying slight gains this morning ahead of this morning Non-Farms Payrolls report from the Labor Dept which could shed some light on the state of U.S. labor demand and influence how the Federal Reserve approaches upcoming interest rate decisions. Fed Chair Jerome Powell, meanwhile, says policymakers are "not far" from having the confidence that inflation is sustainably easing, fueling hopes for rate cuts this year. Fed Chair appeared dovish in his appearance before the Senate yesterday. Bidens' State of the Union speech was more political and did not contain any significant items that would drive markets today. In Europe, markets are slightly higher as the ECB displayed a dovish tone at the conclusion of the ECB meeting yesterday. Oil prices have reversed course and are now trading lower.

NewsWare's Trade Talk: Thursday, March 7

S&P Futures are higher this morning ahead. Fed Chair Jerome Powell is schedule to speak before the Senate today. This evening President Biden will be giving the State of the Union speech. He is expected to highlight his administrations achievements and to touch on topics such as corporate taxes, immigration and the conflicts in Ukraine and the Middle East. Multiple key earnings announcements are scheduled for release after the bell today (AVGO, COST, DOCU, GPS & MRVL). In Europe, traders are awaiting commentary on monetary policy from the ECB this morning. The ECB is expected to hold rates steady. Oil prices are falling due to economic data out of China and the lack of a clear stimulus package from Chinese officials at the Two Session meeting.

NewsWare's Trade Talk: Wednesday, March 6

S&P Futures are higher this morning ahead of a key speech by Jerome Powell this morning. Tech stocks are positive as CRWD delivered positive earnings results last night. In addition to Powell there are a host of other Fed officials speaking today whose commentary is expected to be in step with Fed Chairman Jerome Powell. Employment data is on watch this morning with the ADP employment and the JOLTs reports scheduled for release. In Europe, stocks are gaining on positive export data out of Germany and expectations of tax cuts in the U.K. Oil prices are higher as Hamas is pushing for a ceasefire in the Middle East and price hikes from Saudi Arabis to Asia.

NewsWare's Trade Talk: Tuesday, March 5

S&P Futures are lower this morning and trading is cautious. Market's attention is really on tomorrow testimony by Fed Chairman Jerome Powell. Powell may provide insight as to when the Fed may start to lower interest rates. Share of Target are displaying strong gains after their earnings release. AAPL is weaker due to iPhone sales in China. In Europe, stocks are trading flat lower due to weak economic data. Oil prices are trading slightly lower this morning as market were looking for China to announce stimulus measures.

NewsWare's Trade Talk: Monday, March 4

S&P Futures are slightly lower this morning. Markets will be digesting comments from Fed Chair Jerome Powell and the monthly non-farm payrolls report this week. Macy's is higher this morning on an increased takeover bid. DECK & SMCI will be replacing WHR & ZION in the S&P 500 on March 18th. Bank of America lifts its year end price target for the S&P 500 to 5400 but warned of a near term pull back. In the week ahead markets will price in earnings reports from TGT, ROST, CRWD, FL, CPB, JD, CIEN, BURL, GPS, MRVL COST & AVGO. In Europe, stocks are trading flat lower ahead of an ECB meeting this week. Oil prices are trading slightly lower this morning as OPEC will be extending its production cuts for another 3 months in an effort to boost prices.

NewsWare's Trade Talk: Friday, March 1

S&P Futures are flat to higher. Last night's earnings reports were mostly positive, but there is a caution in the air. This morning manufacturing and construction spending reports should set the tone for today. New York Community Bancorp announced "material weakness" in some internal controls is sending the stock lower. The cease fire talk between Israel & Hamas have stalled. DELL, NTAP & ADSK are showing strong gains after earnings releases. In Europe, stocks are trading higher with tech stocks gaining. Oil prices are trading higher by more than 1% this morning.