NewsWare‘s Trade Talk

NewsWare's Trade Talk: Thursday, February 29

S&P Futures are lower this morning with the market's attention on the latest inflation report that is to be release before the bell. Top U.S. congressional leaders have reached a deal to keep the federal government fully operating beyond Friday. DOLE & HRL are higher this morning on positive earnings. BBWI, BUD, NTES & SIX are weaker after earnings releases. This afternoon watch for earnings results from DELL, ADSK, ZS, VEEV, HPE, COO and NTAP. In Europe, stocks are trading mainly higher on regional inflation data results. Oil prices are trading lower this morning.

NewsWare's Trade Talk: Wednesday, February 28

S&P Futures are lower this morning as tech stocks move lower in international markets. Tomorrow's inflation report will be a key catalyst for the market when the data is released tomorrow morning. There is a host of Fed Speak today as markets are pricing in 3 quarter point rate cuts this year, which is on par with what the Fed Speakers have been indicating this year. In Europe, stocks are mixed with gains in autos & sportswear and weakness in basic resources & tech. Oil prices falling due to yesterday's API estimates which indicated a build in inventories.

NewsWare's Trade Talk: Tuesday, February 27

S&P Futures are flat to higher this morning in a tight trading range. Markets are waiting on economic data releases and the key economic release this week is the PCE report which is scheduled to be release on Thursday morning. FTC is pushing to block ACI/KR merger. CVX/HES deal is in jeopardy as XOM & CNOOC are making moves to thwart the merge. Earnings beats from AZO, CRI, EYE, LOW, PRGO and SJM. In Europe, stocks are flat to higher ahead of pending inflation data releases. Oil prices have reversed course and are now trading lower in the pre-market.

NewsWare's Trade Talk: Monday, February 26

S&P Futures are flat to higher this morning. Earning and economic reports will be in focus this week. Multiple companies are expected to release earnings this week including ZM, WDAY, M, LOW, BIDU, TJX, CRM, SNOW, BUD, HOQ, ADSK & DELL. Then there are the economic reports this week with PCE data due out on Thursday. Progress is said to be moving forward for a cease fire in Gaza. In Europe, stocks are flat to lower and oil prices are continuing to move lower in the pre-market.

NewsWare's Trade Talk: Friday, February 23

S&P Futures are flat to higher this morning. A host of macro economic data points out of Europe this morning, none of them are impacting markets though. Fed officials speaking after the bell yesterday stuck to their narrative of wanting to see more data on inflation before proceeding with any rate cuts. Shares of SQ & CVNA are higher due to positive earnings announcement. WBD to release this morning. Middle East cease fire talks are scheduled for tomorrow in Paris. Key inflations reports are due out next week. In Europe, stocks are flat to higher ahead of ECB speeches. Oil prices are off by more than 1.5% in the pre-market.

NewsWare's Trade Talk: Thursday, February 22

S&P Futures are pointing to a strong opening today. The key to this morning's positive sentiment is NVDA's earnings report which is lifting tech shares. Fed's Meeting Minutes reinforced expectations of a June / July time frame for rate cuts to start. Fed officials worry about cutting rates too soon rather than keep them high for too long. In Europe, stocks are higher with gains in the auto and tech sectors. Oil prices are trending higher in the pre market.

NewsWare's Trade Talk: Wednesday, February 21

S&P Futures are pointing to a lower opening this morning. Highlights for today will be the release of the Fed's Meeting Minutes and the earnings announcement from NVDA. Cyber security firms PANW & KEYS delivered guidance below markets expectations last night. Amazon is being added to the DJ Industrial Average on Monday. It will be replacing WBA. Bezos sold 14m shares recently according to filing released yesterday. In Europe, stocks are slightly higher with gains in the auto and retail sectors, basic resources sector is weak. Oil prices are trending lower in the pre market.

NewsWare's Trade Talk: Tuesday, February 20

S&P Futures are in the red this morning with the market's attention on earning and economic events. HD released this morning and is lower due to a weak outlook and a drop in same store sales. China cut a key interest rate overnight. Capital One to buy Discover Financial in a 35B deal. Fed meeting minutes are out tomorrow, expectations are likely to focus on official's hawkish viewpoints. In Europe, stocks are slightly higher with gains in the banking sector. Oil prices are lower this morning but remain close to three-week highs.

NewsWare's Trade Talk: Friday, February 16

S&P Futures are indicating another move higher with AI stocks leading the move. AMAT delivered a bullish earnings report yesterday after the bell which is supporting the AI narrative of future growth. As a result, we are seeing Nasdaq futures trade higher this morning. Before the bell this morning there are a number of important economic data points scheduled for release. In Europe, stocks are higher with gains in the auto, banking and tech sectors are positive. Oil prices are lower this morning after closing yesterday with a strong 1.5% gain.

NewsWare's Trade Talk: Thursday, February 15

S&P Futures are showing positive action this morning. In the pre-market today, there are a host of economic set for release along with earnings announcements. DE, EPAM & STLA are all higher after reporting this morning. Next week we have earnings due out from NVDA and retailers such as HD & WMT. GDP readings in Japan and the U.K. were weak. In Europe, stocks are higher, auto's industrials & retail sectors are positive. Oil prices are lower this morning with a bearish report from the IEA influencing this morning's action.