NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Monday, October 30

S&P Futures are showing strong gains this morning ahead of an important week for the markets. Key earning reports from CAT, AMGN, PFE, AMD, HUM, QCOM, LLY & AAPL are due out this week. This morning we have beats from MCD, L and XPO. FOME announcement is Wednesday and on Friday the market will react to the Non Farm payrolls report for October. In Europe, Equities are mostly higher and oil prices falling as the Middle East conflict remains contained.

NewsWare’s Trade Talk: Friday, October 27

S&P Futures are showing strong gains this morning. Positive earnings from AMZN and INTL is helping to push the futures higher. This morning oil stocks are weak as CVX and XOM released their earnings reports. Key economic report today that needs to be watched is this morning's Personal Income & Outlays for September. The U.S. launched an air strike overnight in which is elevating tensions in the Middle East today. President Biden is meeting with the Chinese foreign minister at the White House today. In Europe, Equities are mostly higher and oil prices are up by more than 2%.

NewsWare’s Trade Talk: Thursday, October 26

S&P Futures are extending their losses this morning with corporate earnings results in focus. On paper the results have been positive, but there is a continuing theme related to poor macro headwinds which is resulting in selling pressure. At 08:15 there will be an ECB announcement on interest rates. Followed by a host of U.S. economic reports at 8:30. The GDP is expected to come in hot. This afternoon we have earnings released due out from AMZN, INTC, F, JNPR and X. In Europe, Equities are seeing heavy selling pressure and oil prices are lower by 1.5%.

NewsWare’s Trade Talk: Wednesday, October 25

S&P Futures are moving lower this morning with the markets main focused on earnings reports. MSFT deliver a strong report, guidance was good not great. GOOG earnings report showed weakness in its cloud segment. After the bell today META, IBM, NOW, KLAC, URI & MAT are scheduled to report. In Europe, Stocks are slightly lower, tomorrow there is an ECB meeting. Oil prices are display slight losses.

NewsWare’s Trade Talk: Tuesday, October 24

S&P Futures are gaining this morning as the market is focused on earnings reports. Middle East tensions have lower somewhat as diplomates continue to work toward containing the crisis and providing aid. Treasury yields are displaying weakness and markets are displaying positive action as Earning season heats up. KO, KMB, VZ ADM, DGX, HAL, GM, & MMM all delivered earnings beats this morning. In Europe, Stocks are mostly higher, even though PMI data remains under 50. Oil prices are display slight gains.

NewsWare’s Trade Talk: Monday, October 23

S&P Futures are [using lower this morning as the 10yr Treasury yield hit 5%. Earning and Geopolical issues remain market drives and the dysfunction is Washington DC remains a negative for the markets. This afternoon we have earnings reports due out from WHR, CLF, CCK LOGI & PKG. Chevron announced a deal to acquire Hess in a 53b deal. Roche agreed to buy Telavant Holdings from Roivant Sciences and Pfizer in a deal worth up to $7.25 billion. In Europe, stocks are moving lower with weakness in the autos, industrials and real estate sectors. Oil prices are slightly lower as a flurry of talks are being held in the Middle East aimed to prevents the Israel / Palestine conflict from expanding.

NewsWare’s Trade Talk: Friday, October 20

S&P Futures are falling into the weekend. Cautiousness is in the air as tensions in the Middle East remain elevated. The U.S. vetoed a cease fire proposal issued by the UN. Fed Chairman Powell's comments about the economy were neutral, but the other Fed official that spoke yesterday gave indication that rate hikes are still on the table. In Europe, stocks are moving lower - Oil prices are higher as the U.S. is preparing to replenish the strategic reserves and oil traders are inching volatility higher ahead of this weekend.

NewsWare’s Trade Talk: Thursday, October 19

S&P Futures are inching higher this morning as the market looks to hear from Fed Chairman Jerome Powell and many of his colleagues today. With the recent economic data reports displaying stronger than expected growth, today's fed comments should deliver a clear indication of the status of a possible rate hike this year. NFLX is displaying strong gains this morning as its subscription numbers rose. TSLA is off as eps missed guidance. In Europe, stocks are displaying some weakness lower as bond yields have increased. - Oil prices down as the U.S. is providing sanction relief to Venezuela in return for free elections.

NewsWare’s Trade Talk: Wednesday, October 18

S&P Futures are weakening this morning. President Biden landed in Israel to news of an explosion at a hospital. This event has caused Jordan to cancel the peace summit. China released stronger than expected economic numbers this morning. Earnings remine in focus with earnings reports due out this afternoon from NFLX & TSLA. ELV, PG & NDAQ all delivered earnings beats this morning. In Europe, stocks are now firmly lower as Middle East tension has the major European markets moving lower - Oil prices are spiking as traders react to the latest news on the Israel / Hamas conflict.

NewsWare’s Trade Talk: Tuesday, October 17

S&P Futures are indicating a lower opening this morning. Middle East conflict remains key focus. Global diplomacy is in full swing with Biden going to Israel tomorrow. Economic data points for today are the reports on Retail Sales report and Industrial Production. JNJ BAC & BK delivered earnings beats. In Europe, stocks slightly lower, - Oil prices are positive.