NewsWare‘s Trade Talk

NewsWare's Trade Talk: Wednesday, May 29

S&P Futures are displaying weakness this morning. Minn Fed Kashkari comments on not taking the possibility of rate hikes off the table is dampening markets sentiment. The key economic report for today is this afternoon Beigh Book release. Airlines stocks are weakening on the back of the latest company supplied guidance data. Merck is said to be buying EyeBio. Robinhood announced a $1B share buyback. After the bell today there are earnings reports due out from CRM, A, HPQ, PSTG, PATH & AEO. In Europe, markets are lower on monetary policy concerns and oil prices are moving higher due to geopolitical tensions and pending stockpile reports.

NewsWare's Trade Talk: Tuesday, May 28

S&P Futures are higher this morning as markets look to catch up after yesterdays holiday. Key economic report for today is the Consumer Confidence report. Active week ahead on the earnings front with reports due out from AAP, ANF, DKS, HPQ, CRM, COST, DELL MRVL and others. AAPL shares are gaining this morning on news of a spike in iPhone sales in April in China. Markets are keying on Friday inflation report, markets continue to expect only 1 rate cut in 2024. In Europe, markets are displaying weakness and Oil prices are displaying gains with stockpile and economic reports due out this week along with an OPEC meeting on Sunday.

NewsWare's Trade Talk: Friday, May 24

S&P Futures are higher this morning ahead of the Memorial Day weekend, markets are now looking at December for the first rate cut. News that Ukraine has hit Russian air defense with U.S. weapons just hit the tape. Key economic report for today is the Durable Goods Orders. Earnings last night from DECK & ROST and BAH were positive. In Europe, markets are displaying weakness this morning and Oil prices are off by -0.75%.

NewsWare's Trade Talk: Thursday, May 23

S&P Futures are gaining this morning as tech stocks move higher. Last night's earnings report from NVDA remains the key story for today's action. Also, this morning, markets will be paying attention to a couple of economic reports. DuPont de Nemours is planning to split itself into three publicly traded companies. Justice Dept appear ready to file suit against Live Nation ticketing monopoly. Ukraine may receive approval to use U.S. weapons inside of Russia. In Europe, markets are higher as tech rallies and European PMI reports indicate growth. Oil prices are rebounding and higher by more than 0.50%.

NewsWare's Trade Talk: Wednesday, May 22

S&P Futures are lower this morning with a host of market catalysts on tap. The afternoon release of the Fed Meeting minutes are expected to come across with a hawkish tone. This morning the market is reacting to earning reports from ADI, TGT & VIPS. After the bell today NVDA and SNOW are releasing. Expects some additional announcements from the MSFT Build conference today. Mgmt changes at LULU is causing weakness in the stock this morning. In Europe, markets are lower on inflation data and concerns on NVDA eps report this afternoon. Oil prices are lower by more than 0.50% with stockpiles data in focus.

NewsWare's Trade Talk: Tuesday, May 21

S&P Futures are flat to slightly higher this morning. On tap today will be host of comments from Fed officials as they attempt to provide clarity on their positions ahead of the release of the Fed Minutes tomorrow. The MSFT Build conference gets underway today. IBM makes AI announcements related to deals with CRM and Saudi Arabia. On the earnings from tech stock PANW & KEYS are moving lower after releasing beats yesterday. LOW is higher after releasing this morning. NVDA is releasing its earnings tomorrow afternoon In Europe, markets are lower as traders grapple with the idea that the ECB may be one and done in terms of rate cuts this year. Oil prices are lower by more than 1% with forward demand concerns in focus.

NewsWare's Trade Talk: Monday, May 20

S&P Futures are positive this morning. Fed speakers are out in force this morning likely looking to underscore the current narrative that rates need to remain higher for longer. The FOMC Meeting notes to be released on Wednesday. In company news, Apple is expected to announce its iOS18 at next month conference, heard they have added OpenAI tech to their operating system. Elliott is said to have built a 1B stake in Johnson Controls (JCI). NVDA is releasing its earnings on Wednesday. In Europe, markets are higher with the protentional June rate cut in focus. Oil prices have just turned negative but remain in a tight trading range.

NewsWare's Trade Talk: Friday, May 17

S&P Futures are flat and rather non directional this morning. Markets will be paying attention to comments from Fed speaker and key corporate developments today. Fed Gov Waller typically creates market volatility when he speaks. In company news, Microsoft will offer cloud-computing customers the option of using AI chips from Advanced Micro Devices instead of Nvidia AI processors. RDDT announced a deal with Open AI and last night's earnings action was underwhelming. China announced its long await stimulus package to help shore up its property markets. In Europe, markets are showing weakness due to monetary comments from ECB officials on the path of interest rates. Oil prices are weakening this morning due to forward demand concerns.

NewsWare's Trade Talk: Thursday, May 16

S&P Futures are slightly higher again this morning. Corporate earnings in focus as CSCO delivered a solid report last night. BIDU & JD are higher, DE is lower on earnings this morning. Key economic data point for today will be the Jobless Claims report before the bell, there is also a host of Fed Speak happening today. China is set to release reports this evening on retail sales and industrial production. In Europe, markets are softer as corporate earnings are weighing on those markets. Oil prices are weakening this morning due to forward demand concerns.

NewsWare's Trade Talk: Wednesday, May 15

S&P Futures are slightly higher this morning ahead of this morning Consumer Prices Index release. The annual core reading is expected to come in at 3.6% vs. 3.8% last month. Mester of the Cleveland Fed feels that it is too early to conclude that inflation is reversing. Markets have seen a host of positive AI announcements this week, the MSFT Build conference starts on Tuesday (5-21). After the bell today CSCO is set to report. Thursday morning, we have earnings reports due out from NICE, BIDU, JD and WMT. In Europe, markets are mostly higher due to corporate earnings releases and positive Eurozone GDP data. Oil prices have given up early morning gains and are now flat to lower ahead of this morning's IEA report.