NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Tuesday, December 5

S&P Futures are trading lower this morning ahead of some key economic data points being released this morning. The overall marco narrative on the economy remains positive. There is a Goldman conference happening today and we will be hearing from a number of Bank CEOs (BAC, JPM & WFC). CVS, JNJ & SHOP are all scheduled to hold "analysts' day" today. Moody's downgraded its China Outlook due to its debt issues. In Europe stocks are mixed. ECB hawk Schnabel joined the chorus of council members saying that further hikes are unlikely given the positive surprise in recent inflation numbers. Oil is prices have turned from slightly higher to flat.

NewsWare’s Trade Talk: Monday, December 4

S&P Futures are trading lower this morning with the markets focusing on employment data this week. The key economic report for today will be the Factory Orders which comes out 30s after the opening bell. Alaska Air to buy Hawaiian Airlines, European drug make Roche to by Danish obesity drug maker. Carmot Therapeutics. Big layoffs were announced at Spotify and UBER to be added to the S&P 500. In Europe stocks are mostly lower with mining shares are weakening. Oil is trading slightly lower as traders continue to assess the details of the recent OPEC production curbs announcement.

NewsWare’s Trade Talk: Friday, December 1

S&P Futures are trading higher this morning. December is starting off with a number of markets moving events. Markets will be paying attention for comments from Fed Chair Jerome Powell who is scheduled to spear twice today. We also have the PMI data & Construction Spending reports due out this morning. TSLA is lower after unveiling their Cybertruck. Pfizer to discontinue weight loss pill due to high rate of adverse side effects. European stocks are higher on economic data and China state sponsored buying of index funds. Oil is trading slightly higher - the proposed OPEC production curbs appear to be more rhetoric than rule. Oil traders will soon be turning their attention to tensions in the Middle East.

NewsWare’s Trade Talk: Thursday, November 30

S&P Futures are trading higher this morning. There are two key events on tap this morning. The first being an inflation reading which is expected to show continued progress in lowering the annual inflation rate. The second is OPEC's announcement on production quotas, both are market moving events. Cigna & Humana are said to be in merger talks. Occidental Petroleum is in talks to buy CrownRock. CRM & SNOW are higher on earnings beats. After the bell today watch for earnings announcements from DELL, MRVL, ULTA & PD. JP Morgan sees 8% downside risk for the S&P 500 next year. European stocks are higher after a report indicating that inflation in the EuroZone has slowed. Oil is trading despite weak economic data from China, the oil market is focused on today's OPEC announcement.

NewsWare’s Trade Talk: Wednesday, November 29

S&P Futures are displaying gains this morning. Comments by Fed Gov Waller yesterday were very noteworthy and indicates a less hawkish Fed. The odds of the central bank cutting rates in March by at least 25 basis points is priced at 42%, up from just 21% early Tuesday. GM reinstated quarterly guidance and announced a 10B share buyback.  Congress is preparing to tighten U.S. investment in Chinese technology from the annual defense policy bill. After the bell today watch for earnings announcements from CRM, SNOW, PSTG, FIVE, PVH, OKTA & SNPS European stocks are mainly higher and oil prices are higher by more than 1%.

NewsWare’s Trade Talk: Tuesday, November 28

S&P Futures are flat to lower this morning. Fed speak and the pending inflation report are key drivers today. Comment from FOMC officials will remain guarded in an effort keep the markets attention focused on inflation being above its 2% target. After the bell today watch for earnings announcements from INTU, CRWD, WDAY, NTAP & HPE. European stocks are moving lower on lingering concerns about a global economic slowdown and hawkish comments from ECB officials. Oil prices are gaining due to dollar weakness.

NewsWare’s Trade Talk: Monday, November 27

S&P Futures are slightly lower this morning following weak economic data out of China overnight. The week ahead is active for economic reports with the PCE report due out later in the week. Early indication on Retail sales data for "Black Friday" sales event are positive. Elliott Mgmt is said to have built a stake in CCI. Fed members will be active in the week ahead as the black out period starts on Saturday. European stocks are lower and oil prices are falling this morning.

NewsWare’s Trade Talk: Friday, November 24

S&P Futures are ticking higher this morning as the market is prepare for a shortened trading session today. Retail stocks will be in focus today as the media will be covering shopping trends this morning. NVDA is lower this morning due to delays in chip production. PMI Data set for release this morning shortly after the market opens. European stocks are mainly positive and oil prices are mixed this morning.

NewsWare’s Trade Talk: Wednesday, November 22

S&P Futures are ticking higher this morning. NVDA is trading higher on strong earnings despite forward concerns on sales to China. Altman is back at OPEN AI with a new board. New board members qualifications are weak. Israel bows to intl pressure and will exchange prisoners for hostages. NVDA beat on very high expectations, DE beat, but is moving lower on forward guidance. European stocks are mostly higher and oil prices are edging lower this morning ahead of this morning oil stockpiles report and concerns about the OPEC meeting which starts on Friday.

NewsWare’s Trade Talk: Tuesday, November 21

S&P Futures are ticking lower this morning. Key events for today are the release of the Feds Meeting minutes and the earnings report from Nivida. MRK is buying Caraway Therapeutics for up to $610m. EU car registrations were up 14.6% in October. This morning we have earnings beats from BIDU, BURL, DY, HIBB, IQ, J, KC & MDT. European stocks are mixed to lower and oil prices are edging lower this morning.