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Stocks See Support from Earnings Reports
Stocks See Support from Earnings Reports

Yahoo

time3 days ago

  • Business
  • Yahoo

Stocks See Support from Earnings Reports

The S&P 500 Index ($SPX) (SPY) today is up +0.15%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.28%. September E-mini S&P futures (ESU25) are up +0.11%, and September E-mini Nasdaq futures (NQU25) are up +0.30%. Stock indexes are posting modest gains today on some positive corporate earnings results. Arista Networks is up more than +12% after its Q3 revenue forecast exceeded expectations. Also, Match Group is up more than +6% after projecting a stronger-than-expected Q3 sales forecast. Limiting gains in the Nasdaq 100 is weakness in technology stocks, with Super Micro Computer down more than -16% after reporting weaker-than-expected Q4 earnings. Also, Advanced Micro Devices is down more than -6% after reporting mixed Q2 results. More News from Barchart Palantir's Free Cash Flow Margins and Forecasts Rise - Where This Leaves PLTR Stock Cathie Wood is Buying Figma Stock with Both Hands. Should You Buy This Hot IPO, Too? Can SoundHound's Q2 Results Send the Stock Soaring on August 7? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Speculation that recent weaker-than-expected US economic news will push the Fed to lower interest rates as soon as next month is also supporting stocks, as Tuesday's unexpected decline in US services activity added to last Friday's weak payroll and manufacturing reports. The chances of a Fed rate cut at the September FOMC meeting rose to 90% from 40% last Friday. The US MBA mortgage applications index rose +3.1% in the week ended August 1, with the purchase mortgage sub-index up +1.5% and the refinancing mortgage sub-index up +5.2%. The average 30-year fixed rate mortgage fell -6 bp to 6.77% from 6.83% in the prior week. In recent tariff news, President Trump said Tuesday that US tariffs on semiconductor and pharmaceutical imports would be announced "within the next week or so." On Monday, Mr. Trump said that he would be "substantially raising" the tariff on US imports from India from the current 25% due to India's purchases of Russian oil. Last Thursday, President Trump raised tariffs on some Canadian goods to 35% from 25% and announced a 10% global minimum, along with tariffs of 15% or higher for countries with trade surpluses with the US, effective after midnight on August 7. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced. The markets this week will focus on earnings reports and any fresh tariff or trade news. On Thursday, weekly initial unemployment claims are expected to increase by +3,000 to 221,000. Also on Thursday, Q2 nonfarm productivity is expected to be +2.0% with unit labor costs rising +1.5%. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 90% at the September 16-17 FOMC meeting and 65% at the following meeting on October 28-29. Q2 earnings reports released thus far suggest that S&P 500 earnings are on track to rise +9.1% for the second quarter, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With over 67% of S&P 500 firms having reported Q2 earnings, around 83% exceeded profit estimates. Overseas stock markets today are higher. The Euro Stoxx 50 is up +0.30%. China's Shanghai Composite closed up +0.45%. Japan's Nikkei Stock 225 closed up +0.60%. Interest Rates September 10-year T-notes (ZNU25) today are down -6 ticks. The 10-year T-note yield is up +1.6 bp to 4.226%. Supply pressures are weighing on T-notes as the Treasury will auction $42 billion of 10-year T-notes later today as part of this week's $125 billion auctions of T-notes and T-bonds in the August quarterly refunding. Also, strength in stocks today has reduced safe haven demand for T-notes. European government bond yields today are mixed. The 10-year German bund yield is up +1.3 bp to 2.637%. The 10-year UK gilt yield is down -0.6 bp to 4.510%. Eurozone June retail sales rose +0.3% m/m, right on expectations. German June factory orders unexpectedly fell by -1.0% m/m, weaker than expectations of a +1.1% m/m increase and the biggest decline in 5 months. ECG Governing Council member Holzmann said, "In my view, there is no longer any reason for the ECB to lower interest rates further and we should wait and see what economic developments arise, particularly outside Europe, and how we respond to them." Swaps are discounting the chances at 13% for a -25 bp rate cut by the ECB at the September 11 policy meeting. US Stock Movers Astera Labs (ALAB) is up more than +26% after reporting Q2 gross margin of 76%, better than the consensus of 74%. Shopify (SHOP) is up more than +21% to lead gainers in the Nasdaq 100 after reporting Q2 revenue of $2.68 billion, stronger than the consensus of $2.55 billion. RingCentral (RNG) is up more than +19% after reporting Q2 adjusted EPS of $1.06, above the consensus of $1.02, and raising its full-year adjusted EPS forecast to $4.20-$4.32 from a previous forecast of $4.13-$4.27, stronger than the consensus of $4.21. Arista Networks (ANET) is up more than +13% to lead gainers in the S&P 500 after reporting Q2 revenue of $2.20 billion, above the consensus of $2.11 billion, and forecasting Q3 revenue of $2.25 billion, stronger than the consensus of $2.13 billion. Match Group (MTCH) is up more than +11% after reporting Q2 revenue of $863.7 million, better than the consensus of $853.9 million, and forecasting Q3 revenue of $910 million-$920 million, stronger than the consensus of $889.8 million. Global Payments (GPN) is up more than +7% after reporting Q2 adjusted EPS including SBC of $3.10, better than the consensus of $3.08. Apple (AAPL) is up more than +3% to lead gainers in the Dow Jones industrials after President Trump said the company will announce that it will commit to spending another $100 billion on domestic manufacturing. Super Micro Computer (SMCI) is down more than -17% to lead losers in the S&P 500 after reporting Q4 net sales of $5.76 billion, weaker than the consensus of $6.01 billion, and forecast Q1 set sales of $6.0 billion to $7.0 billion, the midpoint below the consensus of $6.59 billion. Emerson Electric (EMR) is down more than -11% after reporting Q3 net sales of $4.55 billion, weaker than the consensus of $4.60 billion. Advanced Micro Devices (AMD) is down more than -5% to lead chip makers lower after reporting Q2 adjusted EPS of 48 cents, below the consensus of 49 cents, and saying it was unable to give a clear outlook for resuming sales in China. Also, Marvell Technology (MRVL) is down more than -2%, and NXP Semiconductors NV (NXPI), GlobalFoundries (GFS), Lam Research (LRCX), Micron Technology (MU), and Qualcomm (QCOM) are down more than -1%. Vertex (VERX) is down more than -22% after reporting Q2 software subscription revenue of $157.8 million, below the consensus of $158.9 million, and cutting its full-year revenue forecast to $750 million-$754 million from a previous forecast of $760 million-$768 million, weaker than the consensus of $763.4 million. Snap (SNAP) is down more than -20% after reporting Q2 revenue of $1.34 billion, below the consensus of $1.35 billion. Coca-Cola Europacific (CCEP) is down more than -9% to lead losers in the Nasdaq 100 after cutting its full-year revenue growth forecast to +3% to +4%, from a previous forecast of +4%. Kemper Corp (KMPR) is down more than -22% after Piper Sandler double-downgraded the stock to underweight from overweight with a price target of $50. Walt Disney (DIS) is down more than -4% to lead losers in the Dow Jones industrials after reporting Q3 revenue of $23.65 billion, below the consensus of $23.68 billion. Earnings Reports (8/6/2025) Airbnb Inc (ABNB), American International Group Inc (AIG), APA Corp (APA), Atmos Energy Corp (ATO), Bio-Techne Corp (TECH), CDW Corp/DE (CDW), Cencora Inc (COR), CF Industries Holdings Inc (CF), Charles River Laboratories Int (CRL), Corpay Inc (CPAY), Corteva Inc (CTVA), Dayforce Inc (DAY), DoorDash Inc (DASH), Emerson Electric Co (EMR), Federal Realty Investment Trust (FRT), Fortinet Inc (FTNT), Global Payments Inc (GPN), Iron Mountain Inc (IRM), MarketAxess Holdings Inc (MKTX), McDonald's Corp (MCD), McKesson Corp (MCK), MetLife Inc (MET), NiSource Inc (NI), NRG Energy Inc (NRG), Occidental Petroleum Corp (OXY), Paycom Software Inc (PAYC), Pinnacle West Capital Corp (PNW), Realty Income Corp (O), Rockwell Automation Inc (ROK), STERIS PLC (STE), Texas Pacific Land Corp (TPL), TKO Group Holdings Inc (TKO), Trimble Inc (TRMB), Uber Technologies Inc (UBER), Walt Disney Co/The (DIS). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio

Stocks See Support from Favorable PPI Report
Stocks See Support from Favorable PPI Report

Yahoo

time16-07-2025

  • Business
  • Yahoo

Stocks See Support from Favorable PPI Report

The S&P 500 Index ($SPX) (SPY) today is up +0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.14%. September E-mini S&P futures (ESU25) are up +0.15%, and September E-mini Nasdaq futures (NQU25) is down -0.03%. Stocks are seeing support today from the favorable PPI report and positive earnings results from several top Wall Street banks. The Nasdaq 100 index is being held back by weakness in chip stocks after disappointing guidance from ASML. More News from Barchart Dear Nvidia Stock Fans, Mark Your Calendars for July 16 How to Buy Tesla for a 13% Discount, or Achieve a 26% Annual Return Retirement Ready: 3 Dividend Stocks to Set and Forget Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Today's June PPI report was favorable, as both the month-over-month and year-over-year figures were better than expected, suggesting that tariff inflation has not yet hit at the producer level. The PPI report sparked some inflation optimism after Tuesday's mixed CPI report. Specifically, the June final-demand PPI was unchanged m/m and +2.3% y/y, which was weaker than expectations of +0.2% m/m and +2.5% y/y. The June core PPI report of unchanged m/m and +2.6% y/y was weaker than expectations of +0.2% m/m and +2.6% y/y. The year-over-year figures of +2.3% (nominal) and +2.6% y/y (core) were down from the revised May figures of +2.7% and +3.2%, respectively. Today's June US industrial production report of +0.3% m/m was slightly stronger than market expectations of +0.1%, and May was revised higher to unchanged from -0.2%. The June US manufacturing production report of +0.1% m/m was slightly stronger than expectations of unchanged. The July New York Fed services business activity index rose to -9.3 from -13.2 in June. The Fed's July Beige Book report will be released later today. Expectations for Fed policy were little changed after today's economic reports. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 58% at the following meeting on Sep 16-17. The price of Bitcoin (^BTSUSD) is up +1.7% today, overcoming part of Tuesday's -3.3% decline, after President Trump cajoled right-wing House Republicans later yesterday to vote in favor of the crypto legislation supported by the White House and the crypto industry. President Trump said he expects the House to pass the GENIUS Act stablecoin bill today. Those Republicans yesterday helped block the legislation by voting against a procedural motion. Bitcoin has rallied sharply in the past several weeks, driven by hopes for favorable crypto regulation from Washington. The US House Committee on Ways and Means plans to hold an oversight subcommittee hearing today entitled "Making America the Crypto Capital of the World," which is expected to promote crypto-friendly regulations. Recent trade and tariff news has been mixed. There was some positive trade news Tuesday after Treasury Secretary Bessent said that US-China trade talks are in a "very good place" and told market participants "not to worry about August 12," the deadline for US-China trade talks. There was also some positive trade news Tuesday after President Trump announced that his administration had reached a trade deal with Indonesia. However, stocks were undercut by negative trade news that emerged last week and during this past weekend. Over the weekend, President Trump announced that the US will impose 30% tariffs on US imports from the European Union and Mexico, effective August 1. Mr. Trump said last Thursday that a 35% tariff on some Canadian products would take effect on August 1, up from the current 25%. Last week, Mr. Trump imposed a 50% tariff on copper imports, which will include semi-finished goods, and stated that drug companies could face tariffs as high as 200% on imports if they don't relocate production to the US within the next year. The markets will focus on any fresh news regarding tariffs or trade deals during the remainder of this week. On Thursday, June retail sales are expected to climb by +0.1% m/m and +0.3% ex-autos, and weekly initial unemployment claims are expected to climb by +7,000 to 234,000. Also, on Thursday, the July Philadelphia Fed business outlook survey is expected to climb +3.0 points to -1.0, and the July NAHB housing market index is expected to rise +1 to 33. On Friday, June housing starts are expected to climb +3.3% m/m to 1.298 million, and June building permits are expected to slip -0.6% m/m to 1.386 million. Also, the University of Michigan's US July consumer sentiment index is expected to climb +0.8 to 61.5. Earnings season began in earnest this week with a focus on big bank earnings results. Key reports on Thursday include PepsiCorp, Abbott, US Bancorp, GE Fifth Third, and GE. Key reports on Friday include Schwab and American Express. The consensus is for the S&P 500 companies to show Q2 earnings growth of +2.8% y/y, the smallest increase in two years, according to Bloomberg Intelligence. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research. Overseas stock markets today are slightly lower. The Euro Stoxx 50 is down -0.26%. China's Shanghai Composite closed down -0.03%. Japan's Nikkei Stock 225 closed down -0.04%. Interest Rates September 10-year T-notes (ZNU25) are up +6.5 ticks. The 10-year T-note yield is down -3.0 bp at 4.451%. T-note prices saw support from the favorable PPI report, although the PPI report did not accelerate expectations for a Fed rate cut. T-note prices are also seeing support from today's decline in the 10-year breakeven inflation expectations rate by -1.7 bp to 2.397%. On the bearish side, today's US industrial production report was slightly stronger than market expectations. European government bond yields are mixed. The 10-year German bund yield is down -1.3 bp at 2.699%. The 10-year UK gilt yield is up +1.1 bp at 4.636%. Swaps are discounting the chances at 2% for a -25 bp rate cut by the ECB at the July 24 policy meeting. US Stock Movers The Magnificent Seven stocks are mixed today, with four gainers and three losers. The largest mover is Tesla (TSLA), with a gain of more than +2%. Wall Street firms today reported positive results that boosted the stocks in pre-market trading, although those stocks are now trading lower. Goldman Sachs (GS) was up more than +1% in pre-market trading but then faded and is now trading mildly lower. Goldman reported a Wall Street record of $4.3 billion of equity-trading revenue and that management fees in asset and wealth management rose +11% y/y. Bank of America (BAC) is down -0.3% despite reporting that its trading division posted a record quarter and that net interest income was better than expected. Morgan Stanley (MS) is down more than -2% despite reporting record equity-trading income and boosting net new assets in its wealth management division. ASML (ASLM) is down more than -10% after issuing cautious guidance for next year. The report dampened enthusiasm for the chip sector, which turned lower today after yesterday's rally on optimism about the Trump administration's move to loosen some chip sale restrictions to China. Marvell Technology (MRVL) is down more than -5%, and Lam Research (LRCX) is down more than -3%. Cryptocurrency-exposed stocks are trading higher today after President Trump later yesterday apparently convinced right-wing House members to vote in favor of the stablecoin legislation currently before the House. Bitcoin (^BTCUSD) today is up +2.2% after Tuesday's -3.3% decline. Mara Holdings (MARA) is up more than +4%, Riot Platforms (RIOT) is up more than +3%, and Coinbase (COIN) is up more than +2%. Johnson & Johnson (JNJ) is up more than +4% after raising its full-year sales guidance for the year and reporting better-than-expected Q2 earnings and revenue. Earnings Reports (7/16/2025) Prologis Inc (PLD), Progressive Corp/The (PGR), M&T Bank Corp (MTB), PNC Financial Services Group I (PNC), Bank of America Corp (BAC), Johnson & Johnson (JNJ), Goldman Sachs Group Inc/The (GS), Morgan Stanley (MS), United Airlines Holdings Inc (UAL), Kinder Morgan Inc (KMI). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Stocks Pressured by US Trade Policy Uncertainty
Stocks Pressured by US Trade Policy Uncertainty

Yahoo

time10-07-2025

  • Business
  • Yahoo

Stocks Pressured by US Trade Policy Uncertainty

The S&P 500 Index ($SPX) (SPY) today is down -0.06%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.08%. September E-mini S&P futures (ESU25) are down -0.08%, and September E-mini Nasdaq futures (NQU25) are down -0.11%. Stocks today are mostly lower. Stocks are pressured today due to uncertainty about President Trump's trade policies. On Wednesday, President Trump issued a new set of tariff demands on several countries, including a 50% tariff rate on Brazil. Mr. Trump also confirmed that the US will begin levying a 50% tariff on copper imports, effective August 1. This Underdog AI Stock Just Got a New Street-High Price Target 'The Most Patriotic Thing You Can Do Is Not Pay the IRS' Says Grant Cardone as OBBBA Signed into Law — Here's How Much You'll Save Texas Just Passed Quantum Computing Legislation. How Should You Play IONQ Stock Here? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! President Trump has vowed to push forward with his aggressive tariff regime, stressing he would not offer additional extensions on country-specific tariffs set to take effect on August 1. Mr. Trump also stated that drug companies could face tariffs as high as 200% on imports if they don't relocate production to the US within the next year. In addition, despite stating that the US was close to a trade deal with India, Mr. Trump said he would still impose a 10% tariff on India's goods for their participation in BRICS, a group of developing nations he claimed were "set up to hurt" the US. Strength in airline stocks is positive for the broader market, with Delta Air Lines jumping more than +9% after restoring its full-year guidance. Stocks also found support after today's US weekly initial unemployment report showed jobless claims unexpectedly fell to an 8-week low, a sign that the US labor market remains strong. US weekly initial unemployment claims unexpectedly fell -5,000 to an 8-week low of 227,000, showing a stronger labor market than expectations of an increase to 235,000. However, weekly continuing claims rose +10,000 to a 3.5-year high of 1.965 million, right on expectations and a sign that out-of-work Americans are finding it difficult to secure a new job. Another hurdle for stocks is the upcoming earnings season, which begins this week. Bloomberg Intelligence data show that the consensus for Q2 earnings of S&P 500 companies is for a rise of +2.8% year-over-year, the smallest increase in two years. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research. Federal funds futures prices are discounting the chances at 7% for a -25 bp rate cut at the July 29-30 FOMC meeting. Overseas stock markets today are mixed. The Euro Stoxx 50 climbed to a 3.5-month high and is up +0.10%. China's Shanghai Composite rallied to a 9-month high and closed up +0.48%. Japan's Nikkei Stock 225 closed down -0.44%. Interest Rates September 10-year T-notes (ZNU25) today are down -3 ticks. The 10-year T-note yield is up +1.6 bp to 4.348%. T-notes are under pressure today after US weekly jobless claims unexpectedly fell to an 8-week low, a sign of labor market strength that is hawkish for Fed policy. T-notes are also weighed down by concern that US tariff increases could boost inflation and prevent the Fed from cutting interest rates. In addition, supply pressures are negative for T-notes, as the Treasury will auction $22 billion of 30-year T-bonds on Thursday to conclude this week's auction slate of $119 billion of T-notes and T-bonds. European government bond yields today are mixed. The 10-year German bund yield is up +0.3 bp at 2.675%. The 10-year UK gilt yield is down -2.2 bp to 4.589%. Italy May industrial production fell -0.7% m/m, weaker than expectations of -0.2% m/m. Swaps are discounting the chances at 3% for a -25 bp rate cut by the ECB at the July 24 policy meeting. US Stock Movers Airline stocks are climbing today, led by a +9% jump in Delta Air Lines (DAL) after the company restored its full-year guidance and projects full-year adjusted EPS of $5.25-$6.25, the midpoint well above the consensus of $5.35. American Airlines Group (AAL) and United Airlines Holdings (UAL) are up more than +7%, Alaska Air Group (ALK) is up more than +3%, and Southwest Airlines (LUV) is up more than +2%. MP Materials (MP) is up more than +47% after the company struck a multi-billion-dollar public-private deal with the US Department of Defense to build a new magnet plant and expand rare earth capabilities. WK Kellogg (KLG) is up more than +30% after Ferrero International SA acquired the company for about $3.1 billion or $23 per share. Advance Micro Devices (AMD) is up more than +3% to lead gainers in the Nasdaq 100 after HSBC upgraded the stock to buy from hold with a price target of $200. Trex Co (TREX) is up more than +3% after Baird upgraded the stock to outperform from neutral with a price target of $75. Circle Internet Group (CRCL) is up more than +3% after Ant Group said it is adding Circle's stablecoin to its blockchain platform. Huntington Ingalls Industries (HII) is up more than +1% after TD Cowen upgraded the stock to buy from hold with a price target of $300. Helen of Troy (HELE) is down more than -28% after reporting Q1 net sales of $371.7 million, weaker than the consensus of $396.5 million. Methode Electronics (MEI) is down more than -19% after reporting a Q4 loss per share of -77 cents versus a loss of -23 cents y/y. Autodesk (ADSK) is down more than -7% to lead losers in the Nasdaq 100 on reports that the company is weighing the acquisition of PTC Inc. Conagra Brands (CAG) is down more than -6% to lead packaged food makers lower after reporting Q4 net sales of $2.78 billion, below the consensus of $2.84 billion. The Campbell's Company (CPB) is down more than-3%, J M Smucker (SJM) is down more than -2%, and General Mills (GIS) is down more than -1%. Workday (WDAY) is down more than -3% after Piper Sandler downgraded the stock to underweight from neutral with a price target of $235. Crowdstrike Holdings (CRWD) is down more than -1% after CFRA downgraded the stock to hold from buy. Earnings Reports (7/10/2025) Byrna Technologies Inc (BYRN), Conagra Brands Inc (CAG), Delta Air Lines Inc (DAL), E2open Parent Holdings Inc (ETWO), Frequency Electronics Inc (FEIM), Helen of Troy Ltd (HELE), PriceSmart Inc (PSMT), Simply Good Foods Co/The (SMPL), WD-40 Co (WDFC). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Futures Settle at Post-Tariff Highs, Eyes on Core PCE and Big Tech Earnings
Futures Settle at Post-Tariff Highs, Eyes on Core PCE and Big Tech Earnings

Globe and Mail

time01-05-2025

  • Business
  • Globe and Mail

Futures Settle at Post-Tariff Highs, Eyes on Core PCE and Big Tech Earnings

Spotify falls after earnings. Bill Baruch joins CNBC's Halftime to break down why he's still in. E-mini S&P (June) / E-mini NQ (June) S&P, yesterday's close: Settled at 5583.75, up 30.75 NQ, yesterday's close: Settled at 19,642.00, up 114.00 E-mini S&P and E-mini NQ futures settled yesterday at the highest level since the April 2 nd tariff announcement. The White House's softer tone on trade was furthered when President Trump signed an order to lessen the impact of auto tariffs. Commerce Secretary Lutnick also noted a trade deal has been reached with one nation, but we await further details. The indices have been buoyant, finding additional tailwinds from strong earnings, but this will be tested today. CAT reported a miss on earnings and revenue but kept its full-year outlook, the stock is +2% premarket. MSFT and META report after the bell. The first look at jobs is due with the private ADP survey at 7:15 am CT, followed by the Fed's preferred inflation indicator, the Core PCE Index, at 7:30 am CT. E-mini S&P and E-mini NQ futures finished strongly yesterday but have not been able to decisively pierce strong resistance. For the E-mini S&P, this is major three-star resistance at 5578.75-5584.50. As for the E-mini NQ, it has closed in on its April 2 nd gap settlement, marking a significant area of overhead resistance. Upon a pullback, we have first and second key support aligned with yesterday's midday ranges. However, we do not want to see a violation of major three-star support at… Want to keep up with the market? Subscribe to our daily Morning Express for essential insights into stocks and equities, including the S&P 500, NASDAQ, and more. Get expert technical analysis, proprietary trading levels, and actionable market bias delivered straight to your inbox. Sign Up for Free Futures Market Research – Blue Line Futures Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Blue Line Futures is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@ or call us at 312- 278-0500 Performance Disclaimer Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

S&P and NQ Extend Gains, But Risks Loom with Heavy Calendar
S&P and NQ Extend Gains, But Risks Loom with Heavy Calendar

Globe and Mail

time01-05-2025

  • Business
  • Globe and Mail

S&P and NQ Extend Gains, But Risks Loom with Heavy Calendar

Buying Relative Outperformance: Early this week Bill Baruch of Blue Line Capital bought these three names, find out why. E-mini S&P (June) / E-mini NQ (June) S&P, last week's close: Settled at 5549.75, up 38.50 on Friday and 237.00 on the week NQ, last week's close: Settled at 19,535.25, up 213.25 on Friday and 1,154.50 on the week E-mini S&P and E-mini NQ futures finished last week on firm footing as the White House's narrative on trade softened a bit and earnings season got off to a strong start. Although we remain upbeat, much of this can shift instantly. On one front, there are two factions within the White House: that of Treasury Secretary Bessent, who is more in tune with a cohesive market environment, and that of Trade Representative Navarro, a vocal China hawk. On the other front, earnings have been good, but 36% of S&P companies report this week. Names like UPS, KO, V, SBUX, and CAT lead the list over the next 48 hours, before MSFT and META report Wednesday after the bell. Additionally, there is a deluge of economic data this week: Core PCE Wednesday, ISM Manufacturing Thursday, and Nonfarm Payrolls Friday. E-mini S&P and E-mini NQ futures battled off support early Friday and have so far carved a path of higher lows on today's session. First key support in the S&P comes in at 5511.25-5516.25, and below there is 5497.75-5499.75, before additional support aligns with Friday's low. Both indices are out above our Pivot and point of balance ahead of the opening bell. We believe holding above here will invite a continuation of momentum, with these levels coming in for the E-mini S&P at… Want to keep up with the market? Subscribe to our daily Morning Express for essential insights into stocks and equities, including the S&P 500, NASDAQ, and more. Get expert technical analysis, proprietary trading levels, and actionable market bias delivered straight to your inbox. Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Blue Line Futures is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@ or call us at 312- 278-0500 Performance Disclaimer Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

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