At NewsWare‘s Trade Talk, we provide up-to-the-minute market moving news along with the facts, themes and trading ideas for the day ahead.
Episodes
Thursday Jul 27, 2023
Thursday Jul 27, 2023
S&P Futures are displacing strong gains this morning as yesterday rate hike from the Fed may be its last. Fed Chair Powell indicated that their Fed staff no longer is predicting a recession in 2023. Looking ahead today, there are a host of key economic reports scheduled for release in the pre market (GDP, Durable Goods &Jobless Claims). Meta is up over 8% this morning on strong earnings. In Europe, the major indexes are highly positive due to corporate earnings results and ahead of today's ECB decision on interest rates. Oil prices are positive by more than 1% this morning as rate hikes tend to lift oil prices.
Wednesday Jul 26, 2023
Wednesday Jul 26, 2023
S&P Futures are lower this morning as traders are cautious ahead of today's FOMC announcement. Powell's press conference is likely to create volatility when he starts his press conference. MSFT guidance fell short of expectations, GOOG reported better than expected earnings, and SNAP is down over 18% due to guidance. In Europe, the major indexes are lower due to mixed earnings results and upcoming Central Bank decisions on interest rates. Oil prices are down almost 1% this morning as last night's API data displayed a build in crude stockpiles.
Tuesday Jul 25, 2023
Tuesday Jul 25, 2023
S&P Futures are higher this morning as earnings season picks up. This afternoon, MSFT, GOOG, V, SNAP are scheduled to released. Chinese stocks are higher as China's Politburo indicated that they will be providing stimulus measures. The FOMC meeting starts today with an announcement on monetary policy scheduled for tomorrow. In Europe, the major indexes are slightly higher with earnings and central bank meetings in focus. Oil prices are slightly higher as the stimulus news out of China is boosting sentiment.
Monday Jul 24, 2023
Monday Jul 24, 2023
S&P Futures are trading higher this morning as the market prepares for a data packed week ahead. Chevron gave a performance update yesterday, tomorrow afternoon we have earing due out from MSFT, GOOG, V, & TXN. On Wednesday, we have the FOMC announcement on monetary policy. In Europe, the major indexes are flat to higher and oil prices are positive by about 0.75%.
Friday Jul 21, 2023
Friday Jul 21, 2023
S&P Futures are trading higher this morning as tech stocks are displaying positive gains. News week we have the FOMC announcement and earnings announcement for the big tech stocks plus the NASD100 rebalancing. The NASD rebalancing take effect today after the close. Another important item happening next week is China's Politburo meeting where new stimulus measures are expected to be announced. In Europe, the major indexes are mostly higher and oil prices are positive by about 1%.
Thursday Jul 20, 2023
Thursday Jul 20, 2023
S&P Futures are trading lower this morning as TSLA & NFLX are moving lower after the companies release earnings yesterday. Discover Financial Services said it would pause share repurchases as it investigates a misclassification of credit card accounts from around mid-2007. This morning's key economic reports are the jobless claims and Existing Home sales, however, the market seems to be preparing for next week's FOMC announcement on interest rates. In Europe, the major indexes are trading higher and oil prices are displaying slight gains.
Wednesday Jul 19, 2023
Wednesday Jul 19, 2023
S&P Futures are trading flat to higher this morning as the market awaits earnings announcements from GS. HAL & NDAQ delivered earnings beats . In the afternoon TSLA, NFLX, IBM & DFS are set to release. U.K. CPI data showed that consumer prices rose at their slowed pace in more than a year. In Europe, the major indexes are trading higher and oil prices are also moving higher.
Tuesday Jul 18, 2023
Tuesday Jul 18, 2023
S&P Futures are trading flat to lower this morning ahead of a host of earnings announcements from leading financial companies. This morning's retail sales report will be in focus ahead of the markets open. China's Politburo is expected to announce a stimulus package next week. In Europe, the major indexes are displaying slight gains and oil prices are trading slightly higher.
Monday Jul 17, 2023
Monday Jul 17, 2023
S&P Futures are trading slightly lower this morning. Markets are showing concern on the weaker than expected GDP data out of China overnight. TSLA is higher after it completes its first cyber-truck at its Austin, TX plant. Earnings will be a key focus for the week ahead and next week we have the NASD 100 rebalancing. European indexes are lower and oil prices are down more than 1.5%
Friday Jul 14, 2023
Friday Jul 14, 2023
S&P Futures are trading slightly higher this morning. Market are reacting positive on earnings releases from JPM, WFC and UNH this morning. St Louis Fed Bank President James Bullard (hawk) has resigned. FTC asks appeals court to pause MSFT/ATVI merger. European indexes are mostly higher and oil prices are trading flat to lower but remain on track for another weekly gain.