NewsWare‘s_Trade_Talk
- Business , Economics , News
- September 20, 2024
- 2 views
NewsWare’s Trade Talk: Friday, September 20 | NewsWare‘s Trade Talk
S&P Futures are weakening this morning as the markets react to more cental bank decisions. The economic calendar is light today. Overnight, Lennar, Fed Ex and MillerKnoll released disappointing earnings. The BOJ and the PBOC left rates unchanged, markets were expecting a rate cut from the PBOC. Nike’s CEO announced his retirement. Autos are weak as Mercedes trimmed its forecast amid ongoing weakness in China. Chip stocks are also falling. In Europe, markets are pulling back as autos, luxury and tech stocks fall. Oil prices are edging lower as China’s PBOC left rates unchanged overnight.
- Business , Economics , News
- September 19, 2024
- 4 views
NewsWare’s Trade Talk: Thursday, September 19
S&P Futures are displaying an aggressive leg higher this morning. After a failed rally yesterday, stocks are back in the green as markets across the globe push higher due to yesterday FOMC announcement. This morning, we have the Jobless Claims and Housing data due out. After the bell today FDX, LEN and MLKN are scheduled to release earnings. Boeing is making moves to preserve cash as strike talks stall. The SEC approved a change to market rules to allow many stocks to be quoted in 1/2 cent increments. In Europe, markets are displaying a strong move higher with gains in autos, basic resources and tech, Oil prices are gaining this morning.
- Business , Economics , News
- September 17, 2024
- 8 views
NewsWare’s Trade Talk: Tuesday, September 17 | NewsWare‘s Trade Talk
S&P Futures are displaying a strong move to the upside this morning as expectations increase to 0.68% for a 50-basis point rate cut from the Fed Reserve tomorrow. August Retail Sales report is due out before the bell today. INTC is leading the DJIA higher after announcing a deal to provide custom chips to AMZN web services. MSFT is gaining as their board announced a $60B share buyback. A U.S. trade delegation is in route to China for talks over the recent wave of Chinese imports. Tomorrows Fed announcement is the key, pending catalyst event. After the Wednesday announcement, the focus will turn to the spending bill that is being held up in Congress. In Europe, markets are displaying gains with positive action in autos, basic resources and luxury stocks, Oil prices have turned lower with demand in focus.
- Business , Economics , News
- September 13, 2024
- 3 views
NewsWare’s Trade Talk: Friday, September 13 | NewsWare‘s Trade Talk
S&P Futures are higher this morning. The economic calendar is light. On the earnings front, ADBE delivered guidance that was light as compared to street expectations. RH delivered a beat on higher revenue. Share of Boeing are falling as union works initiated a strike which is halting 737 Max production. Sentiment remains positive ahead of next week’s FOMC meeting. In Europe, markets are displaying gains, and oil prices continue to push higher as oil traders assess the damage created by Hurricane Francine.
- Business , Economics , News
- September 6, 2024
- 4 views
NewsWare’s Trade Talk: Friday, September 6 | NewsWare‘s Trade Talk
S&P Futures are falling ahead of this morning Non-Farm Payrolls release. Yesterday’s ADP employment report was considered soft which is creating nervousness ahead of this morning’s release. Overall, the recent bearish sentiment can be best described as markets anxiety on economic growth concerns. On the earnings front, Broadcom delivered a beat last night, but their forward guidance as light. This is a continuing theme being seen on AI related stocks. Salesforce announced a 1.8B takeover of Own Company. Costco reported August sales slightly below expectations. Looking ahead to next week, On Monday, AAPL to release its lates iPhone and ORCL is releasing earnings. Tuesday is the presidential debate. Wednesday the CPI data is set to be released. On Thursday there is an ECB announcement where a rate cut is being anticipated. In Europe, markets remain lower as economic data came in below expectations, Oil prices are flat to higher this morning.
- Business , Economics , News
- September 4, 2024
- 5 views
NewsWare’s Trade Talk: Wednesday, September 4 | NewsWare‘s Trade Talk
S&P Futures are extending their losses from yesterday this morning as a wave of selling pressure seen from Asia to Europe overnight. Markets will be paying attention to this morning’s reports on factor orders and job openings. After the bell yesterday GTLB & HQY released positive earnings reports. ZS also beat but lowered Q1 guidance. This morning, DLTR released weaker than expected eps report, DKS and CIEN are on deck this morning. While the U.S. & China’s economic data was slightly disappointing yesterday, markets remain in the red this morning, price action appears overblown. Bank of Canada is expected to announce a rate cut this morning. OPEC is said to be consider a delay to its October production hikes. In Europe, the major three indexes are lower. Oil prices have reversed course and are now trading higher.
- Business , Economics , News
- August 30, 2024
- 4 views
NewsWare’s Trade Talk: Friday, August 30 | NewsWare‘s Trade Talk
S&P Futures are displaying positive action ahead of the opening bell. The focus this morning is on inflation with the PCE report due out before the opening bell. ADSK, DELL, LULU, MDB & MRVL are all higher this morning after releasing earnings results. Next week economic data will be focused on employment with the non-farms payrolls being the major market moving report. There is a big union meeting on Wednesday as dock workers at some of the nation’s busiest ports are looking for a new contract. In Europe, markets are higher and reacting to the latest economic data out of the EuroZone. Oil is steady to higher.
- Business , Economics , News
- August 23, 2024
- 5 views
NewsWare’s Trade Talk: Friday, August 23 | NewsWare‘s Trade Talk
S&P Futures are indicating a higher opening this morning. Fed Chairman Jerome Powell to speak today, he unlikely to provide significate comments on the economy that has not already been said. The head of the BOJ delivered a speech that calmed markets fears as he indicated that the BOJ is not in a rush to raise rate but noted that they are watching markets closely. Earnings were mostly positive last night with eps beats from CAVA & WDAY. General Motors and Uber are teaming up on a robo-taxi service. In Europe, markets are displaying gains and oil prices are higher by 1% this morning.
- Business , Economics , News
- August 22, 2024
- 5 views
NewsWare’s Trade Talk: Thursday, August 22 | NewsWare‘s Trade Talk
S&P Futures are indicating a higher opening this morning. There are a host of important economic releases out today, this morning Jobless Claim will be widely watched. SNPS, A, BILI, BJ & ZM are sll trading higher after earnings beats. TD Bank announced that they will be selling 40.5m shares of SCHW. Media executive Bronfman hiked his bid for PARA to $6 billion. The Jackson Hole economic conference gets underway today. In Europe, markets are slightly higher. Oil prices are gaining in the pre-market after yesterday unexpected move lower.
- Business , Economics , News
- August 15, 2024
- 5 views
NewsWare’s Trade Talk: Thursday, August 15 | NewsWare‘s Trade Talk
S&P Futures are displaying gains this morning ahead of a number of economics reports due out before the opening bell. This mornings Retail Sales and Jobless Claims are key reports as they provide a real insight into the health of the economy. A host of 13F filing came in after the bell displaying position adjustments by the major hedge funds. Markets are pricing in earnings beats from CSCO, JD DE & NICE. WMT release is pending. After the bell today AMAT is scheduled to report. China’s economic reports overnight were mixed, U.K. GDP came in at +0.6%. Oil prices are positive this morning with the Ceasefire talks happening today. In Europe, all three of the major indexes are flat to higher and awaiting economic data releases from the U.S.
