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
Tuesday Nov 28, 2023
Tuesday Nov 28, 2023
S&P Futures are flat to lower this morning. Fed speak and the pending inflation report are key drivers today. Comment from FOMC officials will remain guarded in an effort keep the markets attention focused on inflation being above its 2% target. After the bell today watch for earnings announcements from INTU, CRWD, WDAY, NTAP & HPE. European stocks are moving lower on lingering concerns about a global economic slowdown and hawkish comments from ECB officials. Oil prices are gaining due to dollar weakness.
Monday Nov 27, 2023
Monday Nov 27, 2023
S&P Futures are slightly lower this morning following weak economic data out of China overnight. The week ahead is active for economic reports with the PCE report due out later in the week. Early indication on Retail sales data for "Black Friday" sales event are positive. Elliott Mgmt is said to have built a stake in CCI. Fed members will be active in the week ahead as the black out period starts on Saturday. European stocks are lower and oil prices are falling this morning.
Friday Nov 24, 2023
Friday Nov 24, 2023
S&P Futures are ticking higher this morning as the market is prepare for a shortened trading session today. Retail stocks will be in focus today as the media will be covering shopping trends this morning. NVDA is lower this morning due to delays in chip production. PMI Data set for release this morning shortly after the market opens. European stocks are mainly positive and oil prices are mixed this morning.
Wednesday Nov 22, 2023
Wednesday Nov 22, 2023
S&P Futures are ticking higher this morning. NVDA is trading higher on strong earnings despite forward concerns on sales to China. Altman is back at OPEN AI with a new board. New board members qualifications are weak. Israel bows to intl pressure and will exchange prisoners for hostages. NVDA beat on very high expectations, DE beat, but is moving lower on forward guidance. European stocks are mostly higher and oil prices are edging lower this morning ahead of this morning oil stockpiles report and concerns about the OPEC meeting which starts on Friday.
Tuesday Nov 21, 2023
Tuesday Nov 21, 2023
S&P Futures are ticking lower this morning. Key events for today are the release of the Feds Meeting minutes and the earnings report from Nivida. MRK is buying Caraway Therapeutics for up to $610m. EU car registrations were up 14.6% in October. This morning we have earnings beats from BIDU, BURL, DY, HIBB, IQ, J, KC & MDT. European stocks are mixed to lower and oil prices are edging lower this morning.
Monday Nov 20, 2023
Monday Nov 20, 2023
S&P Futures are slightly higher this morning. BA & MSFT are seeing strong gains in the pre-market. Sam Alman was pushed out at Open AI on Friday, over the weekend it was announced that he is joining MSFT. Market will be focused on tomorrows release of the Fed's meeting minutes and on upcoming earnings from A, KEYS, KSS, ANF, AEO, UQ, BURL, DKS BBY, ADI, MDT, LOW & NVDA. European stocks are mixed to lower and oil prices are edging higher this morning.
Friday Nov 17, 2023
Friday Nov 17, 2023
S&P Futures are trading modestly higher this morning. Possible rate cuts remain a key focus for the markets. Economic data is supportive of rate cuts Fed members are not. FOMC officials stick to the script of possible rate hikes, markets are pricing in a 40% chance of a rate cut in March. Retail stocks in focus this morn, GPS delivered a strong earnings report BABA is weak due to U.S. curbs on chip sales affecting its AI development. President Biden signed the temporary spending bill that was passed by the House & Senate this week. European stocks are higher and oil prices are edging higher this morning.
Thursday Nov 16, 2023
Thursday Nov 16, 2023
S&P Futures are flat to lower this morning ahead of economic/earnings releases and a significant amount of Fed Speak. resident Biden met with China's President yesterday. Key economic data point for today will the Industrial Production report. Earning reports remain in focus, CWCO & PANW are lower this morning, yet both mgmt teams were positive in the earnings calls. WMT is lower after delivering an eps beat. Today we have an elevated number of Fed officials speaking. Thye are likely to stick to the script of waiting on data and refrain from commenting future rate cuts. European stocks are mixed to lower and oil prices are edging lower this morning.
Wednesday Nov 15, 2023
Wednesday Nov 15, 2023
S&P Futures are extending their gains from yesterday. Retail Sales & the PPI release will be in focus this morning. Markets will also be paying attention to Presidents Biden & Xi meeting. TGT & JD delivered beats; AAP missed. Economic calendar is getting lighter, which should support the recent leg higher in the equities markets. European stocks continue to climb higher and oil prices are edging lower ahead of today stockpile reports.
Tuesday Nov 14, 2023
Tuesday Nov 14, 2023
S&P Futures are flat to higher this morning. Markets are awaiting the release of the latest CPI data. Presidents Biden & Xi are schedule to meet tomorrow in San Francisco. earnings from HD beat estimates, yet sales appear to be slowing. In Europe, markets are trading flat to higher. Oil prices are edging higher, but near-term demand remains a question market as the IEA report was less bullish than yesterday's OPEC report.