NewsWare‘s Trade Talk

NewsWare's Trade Talk: Wednesday, November 27

S&P Futures are showing some weakness this morning. Markets are gearing up for a flood of economic data today with this morning PCE report in focus. Volumes are expected to be light ahead of the Thanksgiving Day holiday tomorrow which sets the stage for elevated volatility. DELL, CRWD, HPQ & ADSK are all lower after releasing earnings yesterday afternoon. In Europe, stocks are displaying weakness as European markets are expected to be hit the hardest on potential tariffs. Oil prices showing gains as API data indicated a build in stockpiles last night.

NewsWare's Trade Talk: Tuesday, November 26

S&P Futures have moved from flat to lower to higher. Multiple catalysts are creating volatility this morning. Late yesterday, President-elect Trump made his first comments on his tariff plan since being elected. Trump indicated that he is considering placing tariffs on Canada, China and Mexico. The Biden Administration is proposing anti-obesity drugs be covered by Medicare and Medicaid. Israel's security cabinet set to vote on a cease-fire deal that would halt fighting between Hezbollah and Israel in Lebanon. On the Economic front the key report this morning will be the data on Consumer Confidence. This afternoon the Fed will release the meeting minutes from the last Fed meeting. Today is a busy day for earnings announcement as DELL, CRWD, WDAY, ADSK HPQ URBN and others will be reporting after the bell. In Europe, stocks are lower as Europe is seen as the big loser in any trade war. Oil prices showing gains ahead of stockpiles reports.

NewsWare's Trade Talk: Monday, November 25

S&P Futures are trading higher this morning. President Elect Trump nominated hedge fund manager Scott Bessent as Treasury Secretary. Bessent will look for the economy to grow its way out of debt and spur bank lending. Multiple key economic reports are due out this week including the Fed meeting minutes and the PCE report. There are a host of earnings reports due out this week, Zoom, Agilent, Dell, Best Buy, CrowdStrike, Autodesk, and retailers Dick's Sporting Goods and Macy's. Summit Materials (SUM) is higher as privately held Quikrete is offering $52.50 a share in cash for the company. In Europe, stocks are higher as the EU & China appear to be on track to resolve the recent tariff on Chinese EV into Europe. Oil prices have turned lower as Middle East tensions are falling.

NewsWare's Trade Talk: Friday, November 22

S&P Futures are trading lower this morning as tech stocks are experiencing a pull back in the pre market. Flash PMI data is due out after the open and expectations are for continued signs of growth in both manufacturing and services. ROST, NTAP and GAP are moving higher after releasing earnings last night. Russia indicates that they are open to discussing a peace plan. In Europe, stocks are mostly lower but have been recovering from the early morning lows. Oil prices have turned lower.

NewsWare's Trade Talk: Thursday, November 21

S&P Futures are flat to higher this morning as markets continue to digest the earnings report from Nivida. Despite beating lofty expectations NVDA is trading lower due to concerns about its gross margins. Major brokers remain bullish and continue to raise price their price targets. Economic data is on watch with two key reports and a host of Fed Speak. Russian tensions remain elevated as hostilities continue. After the bell today watch for earnings reports from GAP, NTAP, ROST and INTU. In Europe, stocks opened down but are turning positive. Oil prices are showing gains due to geopolitical issues.

NewsWare's Trade Talk: Wednesday, November 20

S&P Futures are up modestly this morning as Russian Ukraine tensions ease. The key focus this morning is on the earnings announcement from Nivida. Markets will be hearing from multiple Fed officials today including Collins, Bowman & Cook. Trump is said to be close to making a decision on his Treasury Secretary. Comcast plans to spin off cable-TV channels including MSNBC, CNBC and USA. Takeover chatter in INCY. Delta is holding an investors day today. In Europe, stocks are display slight gains. Oil prices are slightly higher this morning with today's stockpiles report in focus.

NewsWare's Trade Talk: Tuesday, November 19

S&P Futures are falling this morning as global tensions rise following Russia's modification of its nuclear doctrine. The changes to Russia's nuclear policy have created a more uncertain geopolitical environment, which is creating this morning's bearish sentiment. The Biden Administration is looking to deliver billion of promised chip grants and the FTC is preparing action on GOOG & MSFT before his term ends. Kansas City Fed Jeffery Schmit is schedule to speak today. Shares of SMCI are gaining as they have announced BDO as their auditor. Walmart shares are 4% higher after delivering a beat and raising FY guidance. In Europe, stocks have reversed direction and are now lower due to concerns on an expansion of the Russia Ukraine war. Oil prices falling after rising more than 3% on Monday.

NewsWare's Trade Talk: Monday, November 18

S&P Futures are trading flat to higher this morning ahead of earnings announcements from NVDA & WMT this week. Tesla shares are higher by 7% this morning as the Trump Administration looks to create federal rules for self-driving cars. CVS Health adds 4 board members to satisfy a request from an activist hedge fund. Spirt Airlines filed for bankruptcy protection. President Biden met with China's President Xi over the weekend. China is more concerned with the incoming administration. Chicago Fed Goolsbee is schedule to speak this morning. In Europe, stocks mainly lower as bond yield tick higher ahead of commentary from ECB officials. Oil prices are slightly higher due to increased geopolitical issues.

NewsWare's Trade Talk: Friday, November 15

S&P Futures are trading lower this morning in a reaction to comments from Fed Chair Jerome Powell that the Fed is not in a rush to lower rates. Put volumes soar in drug stocks as President-elect Donald Trump nominated Robert F. Kennedy Jr., a vaccine skeptic and critic of federal health agencies, to be his Secretary of Health and Human Services. Two key economic reports due out this morning, Retail Sales and Industrial Production. SEC filings displaying position adjustments at major funds continue to come in, AAPL is seeing an elevated number of firms existing positions in the last quarter. In Europe, stocks have gone from flat two lower as anxiety builds ahead of the U.S. markets open. Oil prices are slightly lower due to global demand concerns.

NewsWare's Trade Talk: Thursday, November 14

S&P Futures are trading higher this morning ahead of some key economic reports and comments later today from Fed Chair Jerome Powell. On the earnings front, DIS reported positive results and is trading higher. CSCO, JD also delivered positive results but are moving lower. Capri Holding terminates merger with Tapestry. LLY phase 3 data for tirzepatide was very positive. In Europe, stocks are higher on economic data and upbeat earnings. Oil prices are lightly higher ahead of this morning's stockpiles report.