NewsWare‘s Trade Talk

NewsWare's Trade Talk: Thursday, June 27

S&P Futures are flat to lower this morning as last night's earnings from Micron is weighing on the chips sector. There is a host of economic reports due out before the opening bell including Jobless Clams, Durable Goods. The results of the Fed Stress Test are in with all major bank receiving a passing grade. Earnings from MU, LEVI and WBA failed to impress. Nike is schedule to release after the bell today. There are a host of pending catalysts including tomorrow's inflation data, French & U.K. elections and a host of Fed Speak tomorrow. In Europe, markets are mostly seeing red as market prepared for inflation data results. Oil prices are seeing gains as geopolitical issues are on the rise.

NewsWare's Trade Talk: Wednesday, June 26

S&P Futures are indicating a move higher this morning as gains continued to be seen in the semiconductor sector. Nivida is scheduled to hold its shareholder meeting at noon ET. The economic data on New Home sales is due out after the opening. Southwest Airlines (LUV) issued a guidance warning this morning. RIVN shares are higher on news of a joint venture with Volkswagen. Volkswagen to invest $1B. Whirlpool (WHR) & Vista Outdoor (VSTO) are also trading higher on takeover speculation. In Europe, markets are mostly higher as tech and energy stocks are higher. Oil prices are trading higher ahead of this morning's stockpiles release from the EIA.

NewsWare's Trade Talk: Tuesday, June 25

S&P Futures are positive this morning with gains being seen in tech stocks. Nivida is scheduled to hold its shareholder meeting tomorrow at noon ET. The economic calendar is active this morning with the key report being the Consumer Confidence data due out 30 min after the opening bell. After the bell today FDX & PRGS are schedule to report earnings. In Europe, markets are lower as weakness in tech and pending elections remain sources of market volatility. Oil prices are ticking lower with Chinese demand concerns in questions. After the bell today watch for the API stockpiles data.

NewsWare's Trade Talk: Monday, June 24

S&P's are higher as concerns over pending elections in Europe have started to subside. Showing gains in Autos, Healthcare, Retail, and Travel stocks this morning.

NewsWare's Trade Talk: Friday, June 21

S&P Futures are slightly lower this morning as the recent AI rally is starting to fade. Canada is said to be considering tariffs on Chinese electronic vehicles. Markets to focus on the release of Purchasing Manager data due out after the open. FDX, MU & NKE are set to release earnings next week. In Europe, markets are negative as Flash PMI data in Europe came in weaker than expected. Oil prices are tick slightly lower but remain on track for a weekly gain. European PMI data is said to be the catalyst for this morning's weakness.

NewsWare's Trade Talk: Thursday, June 20

S&P Futures are slightly higher with this morning with semiconductor stock leading the move. MU is scheduled to release earnings next week. There are a host of earnings reports this morning, but none after the close. Multiple Cental Bank meetings today, The BOE is making an announcement at 7:00 am, the Swiss National bank lowered rates by 25 basis points this morning. Jobless claims will be a key focus this morning. In Europe, markets are positive with central bank meetings in focus. Oil prices are tick slightly lower, with stockpile data to be released after the opening bell.

NewsWare's Trade Talk: Tuesday, June 18

S&P Futures are slightly higher with this morning report on Retail Sales in focus. Estimated are looking for a gain of 0.20 in May after a soft April reading. Statements from Fed officials on a possible December rate cut is helping tech stocks. Today the calendar is packed with a host of Fed speakers. LZN & LEN reported positive earnings last night, LEN's pricing margins were weaker than expected. Shares of Boeing are lower as the DOJ considers taking action, tomorrow the CEO is scheduled to appear before the Senate. In Europe, markets are positive with gains in banks, travel and tech. Oil prices are tick slightly lower, with this afternoon's stockpiles report in focus.

NewsWare's Trade Talk: Monday, June 17

S&P Futures are showing signs of weakness as economic data out of China was mixed and a rally in European stocks is fading. There are a host of Central Bank meeting this week and tomorrow. Tuesdays Retail Sales report will be the key data point for this week. This afternoon we have earnings reports due out from LZB & LEN. Shares of Autodesk are higher as Starboard is said to have taken a position in the company. In Europe, markets are given back the strong open bell gains and are not mixed to higher. Oil prices are tick lower on economic reports from China.

NewsWare's Trade Talk: Friday, June 14

S&P Futures are headed for a weaker opening this morning as markets in Europe slide. MSC Industrials issued a profit warning overnight, which is an indication of the state of growth in the economy. ADBE reported positive earnings overnight. ARM is being added to the NASD-100 index. Economic calendar is rather light this morning. In Europe, markets are lower as political concerns in France have indices non edge. Putin is said to have outlined conditions for peace talks with Ukraine which comes after G7 support yesterday. Oil prices have reversed course and are now trading higher.

NewsWare's Trade Talk: Thursday, June 13

S&P Futures are flat to higher this morning ahead of this mornings PPI report for May. President Biden is in Italy for the G7 summit, Ukraine, AI risks & migration issues being discussed. TSLA has its shareholder meeting after the bell where a vote is being held on Musk's $56B pay package. AVGO released positive earnings last night along with a 10 for 1 stocksplit news. In Europe, markets are lower as industrial output declines. Oil prices are falling as traders start to price in the unexpected rise in stockpiles data and the fed's projections on interest rates.