Tech Talk for Thursday July 11th 2024
Timing The Market Tech Talk
by Tech Talk
16h ago
Pre-opening Comments for Thursday July 11th U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EDT. S&P 500 futures added 20 points following release of the June U.S. Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.1% versus no change in May. Actual was a drop of 0.1%. On a year-over-year basis, consensus was an increase of 3.1% versus a gain of 3.3% in May. Actual was a gain of 3.0%. Excluding food and energy, consensus was an increase of 0.2% versus a gain of 0.2% in May. Actual was an increase of 0.1%. On a year-over ..read more
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Tech Talk for Wednesday July 10th 2024
Timing The Market Tech Talk
by Tech Talk
1d ago
Pre-opening Comments for Wednesday July 10th U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:30 AM EDT. LegalZoom.com dropped $0.90 to $6.95 after the company lowered its sales outlook Cummins added $0.32 to $269.00 after the company raised its quarterly dividend. Taiwan Semiconductor added $3.94 to $188.46 after reporting a 40% increase in second quarter revenues. Spotify dropped $4.55 to $307.00 after Redburn Atlantic downgraded the stock to sell.   EquityClock’s Stock Market Outlook for July 10th 2024   Scrutiny over how Bitcoin a ..read more
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Tech Talk for Tuesday July 9th 2024
Timing The Market Tech Talk
by Tech Talk
2d ago
Pre-opening Comments for       Tuesday July 9th U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT. Federal Reserve Chairman Jerome Powell is slated to testify before a Congressional Committee at 11:00 AM EDT on state of the economy. Helen of Troy dropped $25.01 to $64.00 after reporting less than consensus fiscal first quarter revenues and earnings. The company also lowered guidance. Nvidia added $2.11 to $130.31 leading semiconductor stocks to new highs. BP dropped $1.10 to $35.45 after warning of up to $2 billio ..read more
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Tech Talk for Monday July 8th 2024
Timing The Market Tech Talk
by Tech Talk
3d ago
Pre-opening Comments for Monday July 8th U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDT Morphic Holding advanced $24.57 to $56.41 after Eli Lilly agreed to purchase the company at $57.00 per share. Value of the offer is $3.2 billion. Paramount Global added $0.28 to $12.09 after the company agreed to a merger with Skydance. Corning added $2.71 to $41.15 after the company raised second quarter sales and earning guidance. Oppenheimer raised its target price for the S&P 500 to 5,900.   EquityClock’s Stock Market Outlook for July ..read more
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Tech Talk for Friday July 5th 2024
Timing The Market Tech Talk
by Tech Talk
1w ago
Pre-opening Comments for Friday July 5th U.S. equity index futures were mixed this morning. S&P 500 futures were up 6 points at 8:35 AM EDT. S&P 500 futures added 4 points following release of the June U.S. Non-farm Payrolls report at 8:30 AM EDT. Consensus was a drop to 189,000 from 272,000 in May. Actual was a drop to 206,000. June Unemployment Rate was expected to remain unchanged from May at 4.0%. Actual was an increase to 4.1%. June Average Hourly Earnings were expected to increase 0.3% versus a gain of 0.4% in May. Actual was an increase of 0.3%. Bitcoin dropped $3,081 to $55,210 ..read more
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Tech Talk for Wednesday July 3rd 2024
Timing The Market Tech Talk
by Tech Talk
1w ago
Pre-opening Comments for Wednesday July 3rd Next Tech Talk report is released on Friday. U.S. equity markets are closed tomorrow. Trading activity in Canadian equity markets are expected to be low. U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDT U.S. equity markets close today at 1:00 PM EDT. Gold gained $30.10 to US$2,363.40 per ounce in overnight trade. Eli Lilly gained $3.29 to $910.00 after receiving FDA approval for its Alzheimer drug. Paramount added $1.28 to $12.00 after a bid to buy the company by Skydance has been revived. Te ..read more
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Tech Talk for Tuesday July 2nd 2024
Timing The Market Tech Talk
by Tech Talk
1w ago
Pre-opening Comments for Tuesday July 2nd U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points at 8:30 AM EDT. Federal Chairman Jerome Powell is scheduled to speak at 9:30 AM EDT WTI Crude Oil added $0.72 to US$84.18 as Hurricane Beryl moves toward the Gulf of Mexico, an important crude oil producing area. Carnival Cruise dropped $0.20 to $17.51 in response to the approach by Hurricane Beryl MSC Industrial dropped $1.23 to $77.00 after the company lowered fourth quarter guidance. Moderna added $0.48 to $116.43 after receiving U.S. government funding for ..read more
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Tech Talk for Monday July 1st 2024
Timing The Market Tech Talk
by Tech Talk
1w ago
  The Bottom Line The stage is set for the Summer Rally. See comments below   Economic News This Week Source: www.Investing.com June ISM Manufacturing PMI released at 10:00 AM EDT on Monday is expected to increase to 49.2 from 48.7 in May. May U.S. Construction Spending released at 10:00 AM EDT on Monday is expected to increase 0.3% versus a decline of 0.1% in April. Federal Reserve Chairman Powell speaks to Congress at 9:30 AM EDT on Tuesday. U.S. May Trade Balance released at 8:30 AM EDT on Wednesday is expected to be a deficit of $76.00 billion versus a deficit of $74.60 billion i ..read more
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Tech Talk for Friday June 28th 2024
Timing The Market Tech Talk
by Tech Talk
2w ago
Pre-opening Comments for Friday June 28th U.S equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:35 AM EDT. S&P 500 futures slipped 4 points following release of economic news at 8:30 AM EDT. Core May PCE Price Index was expected to increase 0.1% versus a gain of 0.2% in April. Actual was unchanged. On a year-over-year basis, Core May PCE Price Index was expected to drop to 2.6% from 2.8% in April. Actual was 2.6%. May Personal Income was expected to increase 0.4% versus a gain of 0.3% in April. Actual was a 0.5% increase. May Personal Spending was ex ..read more
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Tech Talk for Wednesday June 26th 2024
Timing The Market Tech Talk
by Tech Talk
2w ago
Pre-opening Comments for Wednesday June 26th U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points at 8:30 AM EDT. Rivian jumped $6.49 to $18.45 after Volkswagen announced a joint venture where Volkswagen committed up to a $5 billion investment. FedEx advanced $38.36 to $295.00 after the company announced higher than consensus fiscal fourth quarter results. The company also announced plans to spin off one of its operations. Worthington Enterprises dropped $4.97 to $45.19 after reporting lower than consensus fiscal fourth quarter revenues. Southwest Airlin ..read more
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