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 Oct 25, 2022
Tuesday Oct 25, 2022
S&P Futures are trading lower this morning. Economic and Earnings data will continue to be the market drivers today. Shortly after the opening today a report on October Consumer Confidence is set to be released. After the bell today watch for earnings results from MSFT, GOOG, V, TXN, SPOT, and more. So far this season, companies have proven they may be faring better than anticipated. That’s due in part to the fact that analysts’ earnings estimates have come down in recent months as companies faced foreign exchange headwinds and other growth concerns. This could set up stocks for rallies on potentially better-than-feared outcomes.
Monday Oct 24, 2022
Monday Oct 24, 2022
S&P Futures are trading higher this morning. Overnight, S&P futures surged 1% Sunday night, but have since given back those gains. Corporate earnings are in focus with over 850 companies scheduled to release earnings this week, including 165 S&P 500 companies. Fed officials are in a blackout period as there is a Fed meeting next week. Treasury yields fell across the curve as investors weighed Federal Reserve policy beyond an expected three-quarter-point rate increase in November. Asain markets sold off overnight after Chinese leader Xi Jinping cemented his control over the ruling Communist Party by appointing a number of loyalists to the party's most powerful decision-making body and getting a convention-defying third term.
Friday Oct 21, 2022
Friday Oct 21, 2022
S&P Futures are lower this morning as global markets react on indications that the Fed will continue to be in a hawkish mode for 2023. Weakness is apparent in various social media stocks. SNAP earnings results indicate a possible slowdown in the digital ad marketplace. TWTR shares are weak as regulators are considering a national security review of a Musk acquisition. Oil has rebounded from a 1% loss earlier this morning.
Thursday Oct 20, 2022
Thursday Oct 20, 2022
S&P Futures have turned higher as earnings reports are helping to move the indexes higher. Oil futures are higher by more than 1.5% in the premarket, and Airline stocks are also in play this morning. Later this morning a host of key economic reports are scheduled for release, plus there are a host of FOMC members speaking today.
Wednesday Oct 19, 2022
Wednesday Oct 19, 2022
S&P Futures are flat to higher and have been fluctuating between gains and losses this morning. The market has been benefitting from positive earnings announcements combined with lower oil prices and minimal economic reports being released. This morning we are seeing gains in NASD & oil futures. The yield on the benchmark 10-year Treasury note edged up to 4.065% from 3.996% the day before.
Tuesday Oct 18, 2022
Tuesday Oct 18, 2022
S&P Futures are indicating another strong opening this morning. Corporate earnings reports from the major bank have been positive which is creating optimum in the markets this morning. Asian markets closed higher, European markets are showing strong gains and oil prices are slightly lower. Oil traders are expecting an announcement from President Biden on plans to sell oil from the Strategic Reserve.
Monday Oct 17, 2022
Monday Oct 17, 2022
S&P Futures are trading higher this morning as the markets prepare for a big week of earnings announcements. Yields are dropping and the Dollar is weakening. Multiple sectors are showing gains in the pre-market including Airlines, Autos, Banks, Brokerages Oil, and Semiconductors. Bank of America is higher after their earnings release. Oil is flat to higher as the demand outlook is strengthening after a speech by China's President. The European markets are higher.
Friday Oct 14, 2022
Friday Oct 14, 2022
S&P Futures are trading higher this morning. Bank earnings are in focus this morning, with results due shortly from Citigroup, Morgan Stanley, JPMorgan Chase and Wells Fargo. Retail sales data will give a look at how high inflation is affecting consumer demand. We'll also get a separate reading of consumer sentiment. European markets ar higher by more than 1% this morning while oil is trading lower.
Thursday Oct 13, 2022
Thursday Oct 13, 2022
S&P Futures are trading higher this morning ahead of the release of the CPI report. The CPI report is widely watched by the Fed and is a major inflation indicator. The consumer price index is expected to rise between 0.2% - 0.3% in September. The year-over-year rate for overall CPI is expected to slow to a still-brisk 8.1% from 8.3% in August but the core measure is forecast to accelerate to 6.5% from 6.3%. This morning we have earnings reports for DPZ, DAL, FAST WBA, PGR TSM & WFC.
Wednesday Oct 12, 2022
Wednesday Oct 12, 2022
S&P Futures are trading higher this morning ahead of some key economic releases. This morning, we have the Producer Price index and in the afternoon the Fed will be releasing the meeting minutes from the recent FOMC meeting. Earnings season is starting to with PepsiCo delivering 13 cent beat on higher revenue. Oil is trading slightly higher after dropping 4% in the last two sessions.