NewsWare‘s Trade Talk

NewsWare's Trade Talk: Thursday, March 7

S&P Futures are higher this morning ahead. Fed Chair Jerome Powell is schedule to speak before the Senate today. This evening President Biden will be giving the State of the Union speech. He is expected to highlight his administrations achievements and to touch on topics such as corporate taxes, immigration and the conflicts in Ukraine and the Middle East. Multiple key earnings announcements are scheduled for release after the bell today (AVGO, COST, DOCU, GPS & MRVL). In Europe, traders are awaiting commentary on monetary policy from the ECB this morning. The ECB is expected to hold rates steady. Oil prices are falling due to economic data out of China and the lack of a clear stimulus package from Chinese officials at the Two Session meeting.

NewsWare's Trade Talk: Wednesday, March 6

S&P Futures are higher this morning ahead of a key speech by Jerome Powell this morning. Tech stocks are positive as CRWD delivered positive earnings results last night. In addition to Powell there are a host of other Fed officials speaking today whose commentary is expected to be in step with Fed Chairman Jerome Powell. Employment data is on watch this morning with the ADP employment and the JOLTs reports scheduled for release. In Europe, stocks are gaining on positive export data out of Germany and expectations of tax cuts in the U.K. Oil prices are higher as Hamas is pushing for a ceasefire in the Middle East and price hikes from Saudi Arabis to Asia.

NewsWare's Trade Talk: Tuesday, March 5

S&P Futures are lower this morning and trading is cautious. Market's attention is really on tomorrow testimony by Fed Chairman Jerome Powell. Powell may provide insight as to when the Fed may start to lower interest rates. Share of Target are displaying strong gains after their earnings release. AAPL is weaker due to iPhone sales in China. In Europe, stocks are trading flat lower due to weak economic data. Oil prices are trading slightly lower this morning as market were looking for China to announce stimulus measures.

NewsWare's Trade Talk: Monday, March 4

S&P Futures are slightly lower this morning. Markets will be digesting comments from Fed Chair Jerome Powell and the monthly non-farm payrolls report this week. Macy's is higher this morning on an increased takeover bid. DECK & SMCI will be replacing WHR & ZION in the S&P 500 on March 18th. Bank of America lifts its year end price target for the S&P 500 to 5400 but warned of a near term pull back. In the week ahead markets will price in earnings reports from TGT, ROST, CRWD, FL, CPB, JD, CIEN, BURL, GPS, MRVL COST & AVGO. In Europe, stocks are trading flat lower ahead of an ECB meeting this week. Oil prices are trading slightly lower this morning as OPEC will be extending its production cuts for another 3 months in an effort to boost prices.

NewsWare's Trade Talk: Friday, March 1

S&P Futures are flat to higher. Last night's earnings reports were mostly positive, but there is a caution in the air. This morning manufacturing and construction spending reports should set the tone for today. New York Community Bancorp announced "material weakness" in some internal controls is sending the stock lower. The cease fire talk between Israel & Hamas have stalled. DELL, NTAP & ADSK are showing strong gains after earnings releases. In Europe, stocks are trading higher with tech stocks gaining. Oil prices are trading higher by more than 1% this morning.

NewsWare's Trade Talk: Thursday, February 29

S&P Futures are lower this morning with the market's attention on the latest inflation report that is to be release before the bell. Top U.S. congressional leaders have reached a deal to keep the federal government fully operating beyond Friday. DOLE & HRL are higher this morning on positive earnings. BBWI, BUD, NTES & SIX are weaker after earnings releases. This afternoon watch for earnings results from DELL, ADSK, ZS, VEEV, HPE, COO and NTAP. In Europe, stocks are trading mainly higher on regional inflation data results. Oil prices are trading lower this morning.

NewsWare's Trade Talk: Wednesday, February 28

S&P Futures are lower this morning as tech stocks move lower in international markets. Tomorrow's inflation report will be a key catalyst for the market when the data is released tomorrow morning. There is a host of Fed Speak today as markets are pricing in 3 quarter point rate cuts this year, which is on par with what the Fed Speakers have been indicating this year. In Europe, stocks are mixed with gains in autos & sportswear and weakness in basic resources & tech. Oil prices falling due to yesterday's API estimates which indicated a build in inventories.

NewsWare's Trade Talk: Tuesday, February 27

S&P Futures are flat to higher this morning in a tight trading range. Markets are waiting on economic data releases and the key economic release this week is the PCE report which is scheduled to be release on Thursday morning. FTC is pushing to block ACI/KR merger. CVX/HES deal is in jeopardy as XOM & CNOOC are making moves to thwart the merge. Earnings beats from AZO, CRI, EYE, LOW, PRGO and SJM. In Europe, stocks are flat to higher ahead of pending inflation data releases. Oil prices have reversed course and are now trading lower in the pre-market.

NewsWare's Trade Talk: Monday, February 26

S&P Futures are flat to higher this morning. Earning and economic reports will be in focus this week. Multiple companies are expected to release earnings this week including ZM, WDAY, M, LOW, BIDU, TJX, CRM, SNOW, BUD, HOQ, ADSK & DELL. Then there are the economic reports this week with PCE data due out on Thursday. Progress is said to be moving forward for a cease fire in Gaza. In Europe, stocks are flat to lower and oil prices are continuing to move lower in the pre-market.

NewsWare's Trade Talk: Friday, February 23

S&P Futures are flat to higher this morning. A host of macro economic data points out of Europe this morning, none of them are impacting markets though. Fed officials speaking after the bell yesterday stuck to their narrative of wanting to see more data on inflation before proceeding with any rate cuts. Shares of SQ & CVNA are higher due to positive earnings announcement. WBD to release this morning. Middle East cease fire talks are scheduled for tomorrow in Paris. Key inflations reports are due out next week. In Europe, stocks are flat to higher ahead of ECB speeches. Oil prices are off by more than 1.5% in the pre-market.