NewsWare‘s Trade Talk

NewsWare's Trade Talk: Friday, April 5

S&P Futures are moving higher this morning as markets display some resiliency after yesterday selling pressure. The key economic data point for today will be the Non-Farms payrolls report. Today's Fed speak will alco be closely monitors as yesterday's comment form Minn Fed Kashkari caused markets rethink the timeline of rate cuts. Tres Sec Yellen is in China discussing state sponsored industrial production. Israel remains on high alert for a possible relation strike from Iran. JNJ announces a deal to buy Shockwave Medical. In Europe markets are lower on economic data, Fed comments and geopolitical issues. Oil prices are slightly higher this morning and headed for a second week of gains.

NewsWare's Trade Talk: Thursday, April 4

S&P Futures are moving higher this morning as markets continue to digest the relatively dovish comments from Fed Chair Jerome Powell yesterday. Today's calendar is very active in terms of Fed Speak and they will likely continue with the narrative that the Fed can afford to wait on more economic data before initiating a rate cut. In corporate news, DIS won its proxy battle against Nelson Peltz. PARA board is looking for alternative bidders. AAPL is said to be consider home robotics for its next big thing. In Europe markets are mostly higher due to better-than-expected economic data. ECB meeting minutes are due out today. Oil prices are slightly lower this morning.

NewsWare's Trade Talk: Wednesday, April 3

S&P Futures are cautiously lower this morning. Key events to monitor include the details of a 7.4 earthquake in Tawain overnight. Eurozone's inflation reading being weaker than expectations. A speech by Fed Chair Jerome Powell and a host of economic reports. In corporate news, DIS is having its shareholders meeting today and INTC announced that its Foundry unit lost $7b in 2023. In Europe markets are mostly higher as markets expect the ECB to lower rates in June after this morning's positive reading on inflation. Oil prices tick higher ahead of OPEC meeting and this morning stockpiles report.

NewsWare's Trade Talk: Tuesday, April 2

S&P Futures are weakening this morning as yields on the 10 year treasuries hit their highest level in more than 4 months. Yesterday's positive ecnomid data has the markets pushing back its time frame on when rate cuts will commence. Change to Medicare will result in insurers being paid less is causing weakness in that sector this morning. GE is spinning off GE Vernova today, the shares will be traded under ticker GEV. In Europe markets are mostly higher and Oil prices are seeing strong gains as geopolitical issues push prices higher.

NewsWare's Trade Talk: Monday, April 1

S&P Futures are displaying gains this morning as markets start to price in Friday PCE data along with Fed Chairmen Jerome Powell's comments from a speech of Friday. Markets are starting off the second quarter on a positive note, 3M is spinning off Solventum today, the shares will be traded under ticker SOLV. Market will be focused on employment data in the week ahead with Friday Non-Farm Payrolls report being the key economic report for the week. In Europe markets are closed and Oil prices slightly negative with multiple key catalysts ahead.

NewsWare's Trade Talk: Thursday, March 28

S&P Futures are slightly lower this morning ahead of tomorrow's PCE report which will be released when markets are closed. This morning economic reports include Jobless Claims and a data revision to 4Q GDP. Fed Gov Waller spoke late yesterday and feels that the Fed can take its time for lowering interest rates. Walgreens is scheduled to release earing this morning. In Europe markets are cautiously higher and Oil prices are positive as the market look ahead to an OPEC meeting next week.

NewsWare's Trade Talk: Wednesday, March 27

S&P Futures are again displaying indications of a strong opening this morning. MMM is about to spin off its healthcare business in an IPO next month. MRK is trading at a 52 week high on a key FDA approval. On the Eanings front, shares of nCinco (NCNO) are higher by 12% on positive earnings, (it was the stock of the day yesterday on NewsWare's Trade Talk podcast). European markets are higher and Oil prices are lower this morning ahead of pending stockpile reports.

NewsWare's Trade Talk: Tuesday, March 26

S&P Futures are display indications of a strong opening this morning. While Fridays PCE report is the key economic release of the week, today markets will be paying attention to a host of key economic data points including Durable Goods for February, the Case-Shiller Home Prices Index for January and Consumer Confidence data for March. On the Eanings front, Spice maker McCormick (MKC) deliver a positive earnings against weak expectations, (it was the stock of the day yesterday on NewsWare's Trade Talk podcast). MMM announces settlement in earplug litigation. European markets are higher in cautious trading and Oil prices are flat to higher this morning ahead of pending stockpile reports.

NewsWare's Trade Talk: Monday, March 25

S&P Futures are moving lower this morning in a holiday shortened week. Tech is under pressure as China indicates that it will cease buying PC's containing INTC or AMD chips. EU regulators are looking into AAPL, META & GOOG over violation of new digital competition law. Markets will be paying attention to Fed Speakers today. European markets are lower with weakness in tech and Oil prices are moving higher this morning on geopolitical events.

NewsWare's Trade Talk: Friday, March 22

S&P Futures are positive this morning with markets continuing to display strength mainly due to the Fed's continuation of 3 rate cuts in 2024. The economic calendar is void of any market moving reports today, however the Fed is scheduled to hold a Fed Listens event. Earnings were mixed yesterday after the close, FDX is higher, LULU and NKE are trading lower this morning. A ceasefire proposal is likely to be presented at the UN today. European markets are higher, retail sales data out of the U.K was positive and Oil prices have turned higher this morning.