NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Monday, May 1

S&P Futures are flat to lower this morning, lack of morning volatility is due to holidays in Asia and Europe. Over the weekend China released weak Purchasing Managers index data which is causing oil prices to slide this morning. JP Morgan has agreed to buy First Republic Bank. Astellas Pharma is taking over Iveric Bio in a $5.9 billion deal. Later today the ISM Manufactuing index data is scheduled for release.

NewsWare’s Trade Talk: Friday, April 28

S&P Futures are lower this morning indicating weakness ahead. Tech stocks are the active issues as AMZN, INTC SNAP & TMUS all released earnings reports yesterday after the close. FRC is particularly active due to reports that authorities are working to secure further assistance for the regional lender. This morning, the employment cost index, personal income and spending, and the core personal consumption expenditures price index are all due ahead of the opening bell.  The PCE index is one of the last major pieces of data before the Fed's meeting next week in which another 25 basis-point rate increase is widely expected. The CME FedWatch Tool is pointing to a 88% chance of a quarter-point rate increase next Wednesday by the central bank. European shares are lower with bank stocks under pressure. Oil prices are marginally higher this morning.

NewsWare’s Trade Talk: Thursday, April 27

S&P Futures are higher and indicating a strong opening today. The market will focus on Economic data and earnings reports today. The key economic data point today is this morning's GDP report. Estimates indicate a positive GDP number is likely which is in contrast to the market's expectations that a recession is right around the corner. Meta's positive earnings report last night has the stock higher by more the 11% and there are more tech earnings on the way. Soon the market will start to change focus as there is an FOMC meeting next week. European shares are flat to higher and oil prices are marginally higher after yesterday's almost 4% drop in prices.

NewsWare’s Trade Talk: Wednesday, April 26

S&P Futures continue to indicate a positive opening. Futures have pulled back from earlier highs. Earnings beats from GOOG & MSFT have helped to calm the markets ending some of the negative pressure in the equity market this morning. There are a number of market-moving economic reports due out this morning, BSX, HLT & HUM have all reported earnings beats this morning. Still to come we will be hearing from BA & GD. European markets are trading lower and oil contracts are mixed.

NewsWare’s Trade Talk: Tuesday, April 25

S&P Futures are indicating a lower opening. Today is a bag day for tech earnings as we will be hearing from both MSFT and GOOG after the bell. This morning we have earnings beats from PEP, AAN, SHW, MCD, HAL, MMM & GM. Yesterday's earnings reports from First Republic and this morning's UBS report have the banking sector moving lower. Multiple companies are scheduled to have Shareholders meetings today including X, KO, C, BAC, DPZ, IBM, W, WFC, PZZA, & MSCI. European markets are trading lower and Oil is off by about 0.50%.

NewsWare’s Trade Talk: Monday, April 24

S&P Futures are pointing to a lower opening ahead of a busy week for company earning reports. In the week ahead we also have some key economic data releases that could color the Fed's interest rate decision on May 3rd. Oil prices are flat to lower this morning. European markets are marginally lower this morning.

NewsWare’s Trade Talk: Friday, April 21

S&P Futures are indicating a lower opening today ahead of economic data and more earnings releases. Fed comments yesterday displayed hawkish tones overall ahead of next week's blackout period. Tres Sec Yellen announced that the U.S. will put National Security over economic expansion ahead of a bill that President Biden is likely to sign which will curb some investment in China, but Chinese equities remain weak. Oil prices are flat to lower this morning on questionable demand concerns. European markets open higher but are showing weakness as the major indices are falling.

NewsWare’s Trade Talk: Thursday, April 20

S&P Futures are indicating a lower opening today with the auto sector moving lower after TSLA's disappointing quarter. There will be an unusual amount of Fed Speak today as FOMC members are attempting to press their economic outlook ahead of the blackout period. There are a couple of key economic reports being released today. European markets are lower and oil is down over 1.5% this morning.

NewsWare’s Trade Talk: Wednesday, April 19

S&P Futures are indicating a lower opening today. Yesterday's comments from FOMC officials on rate hikes are causing the markets to reassess the current expectations of only 1 more rate hike this year. Oil is off 2% as additional supply is coming online. Earnings reports will still be a key factor in the market directions today. European markets are showing weakness this morning.

NewsWare’s Trade Talk: Tuesday, April 18

S&P Futures are indicating a positive opening today as earnings report continue to help push the markets higher. This morning we have positive action in BAC, BK &JNJ on earnings releases. GDP data out of China showed came in at +4.5% verse the expectation of +4.0%. Oil prices are slightly weaker this morning and market in Europe are showing gains.