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 Feb 22, 2024
Thursday Feb 22, 2024
S&P Futures are pointing to a strong opening today. The key to this morning's positive sentiment is NVDA's earnings report which is lifting tech shares. Fed's Meeting Minutes reinforced expectations of a June / July time frame for rate cuts to start. Fed officials worry about cutting rates too soon rather than keep them high for too long. In Europe, stocks are higher with gains in the auto and tech sectors. Oil prices are trending higher in the pre market.
Wednesday Feb 21, 2024
Wednesday Feb 21, 2024
S&P Futures are pointing to a lower opening this morning. Highlights for today will be the release of the Fed's Meeting Minutes and the earnings announcement from NVDA. Cyber security firms PANW & KEYS delivered guidance below markets expectations last night. Amazon is being added to the DJ Industrial Average on Monday. It will be replacing WBA. Bezos sold 14m shares recently according to filing released yesterday. In Europe, stocks are slightly higher with gains in the auto and retail sectors, basic resources sector is weak. Oil prices are trending lower in the pre market.
Tuesday Feb 20, 2024
Tuesday Feb 20, 2024
S&P Futures are in the red this morning with the market's attention on earning and economic events. HD released this morning and is lower due to a weak outlook and a drop in same store sales. China cut a key interest rate overnight. Capital One to buy Discover Financial in a 35B deal. Fed meeting minutes are out tomorrow, expectations are likely to focus on official's hawkish viewpoints. In Europe, stocks are slightly higher with gains in the banking sector. Oil prices are lower this morning but remain close to three-week highs.
Friday Feb 16, 2024
Friday Feb 16, 2024
S&P Futures are indicating another move higher with AI stocks leading the move. AMAT delivered a bullish earnings report yesterday after the bell which is supporting the AI narrative of future growth. As a result, we are seeing Nasdaq futures trade higher this morning. Before the bell this morning there are a number of important economic data points scheduled for release. In Europe, stocks are higher with gains in the auto, banking and tech sectors are positive. Oil prices are lower this morning after closing yesterday with a strong 1.5% gain.
Thursday Feb 15, 2024
Thursday Feb 15, 2024
S&P Futures are showing positive action this morning. In the pre-market today, there are a host of economic set for release along with earnings announcements. DE, EPAM & STLA are all higher after reporting this morning. Next week we have earnings due out from NVDA and retailers such as HD & WMT. GDP readings in Japan and the U.K. were weak. In Europe, stocks are higher, auto's industrials & retail sectors are positive. Oil prices are lower this morning with a bearish report from the IEA influencing this morning's action.
Wednesday Feb 14, 2024
Wednesday Feb 14, 2024
S&P Futures are showing positive action this morning. Volatility caused by a hotter than expected CPI report yesterday is ebbing as markets refocus on the timing of rate cuts. Earnings will be in focus today as results are expected from Cisco, Equinix, CME, Occidental Petroleum, Kraft Heinz, Wyndham Hotels & Resorts. In Europe, stocks are higher, tech autos and retail are positive. Oil prices have turn lower and prices are flat to lower.
Tuesday Feb 13, 2024
Tuesday Feb 13, 2024
We may be well into the second month of 2024 but let's show some love for some of the top picks from Trading Anchor Bill Olsen in 2023.
Tuesday Feb 13, 2024
Tuesday Feb 13, 2024
S&P Futures are displaying weakness this morning. Markets are expected to react this morning to today's CPI release which is happening 1 hour before the market opens. Technology stocks are weighing on the market this morning as the overbought sector is moving lower. The Senate approves $95B Ukraine/Israel aid, bill still needs to get through the House. In Europe, stocks are lower, tech is lower, autos, healthcare and telecom are higher. Oil prices continue to trade higher in anticipation of this morning inflation report.
Monday Feb 12, 2024
Monday Feb 12, 2024
S&P Futures are slightly higher this morning with the S&P's holding above the 5000 level. Markets are relatively quiet this morning with no major news catalyst occurring overnight. Markets are looking ahead to tomorrows CPI report which is expected to display further signs of disinflation. On the earnings front, this afternoon we have earnings results due out from ANET, CDNS, WM, LSCC, CAR & MEDP. In Europe, stocks are slightly higher with positive action in the retail sector. Oil prices are falling this morning down more than 1%.
Friday Feb 09, 2024
Friday Feb 09, 2024
S&P Futures are slightly higher this morning with the S&P's flirting near the 5000 level. Markets will be paying attention to the CPI revision being released this morning. Typically, this is a very benign report, however last year's CPI revision report create volatility in the markets. Pepsi earnings were slightly positive however the company indicated revenue growth below market expectations for this year. In Europe, stocks are slightly higher with positive action in tech and healthcare. Oil prices are relatively unchanged.