Posts

Earnings Season Update

What’s in Today’s Report:

  • Earnings Season Update (Not Great, But Not Bad, Either)
  • What’s Up With Natural Gas?

Futures are flat as concern about the Wuhan coronavirus offset better than expected earnings.

Chinese authorities expanded the quarantine zone around Wuhan to limit the transmission of the disease, and that’s increasing fears of a bigger negative economic impact.

Earnings overnight were solid as TXN beat estimates,  boosting semi-conductors and tech more generally.

Today we get an ECB Announcement, but no change in rates is expected and really markets will just want to hear a dovish tone from new ECB President Lagarde (which should happen).

Away from the ECB,  Jobless Claims (E: 213K) is the key economic report, while earnings season continues to roll on.  Some reports we’re watching today include: PG (E: $1.37) and INTC (E: $1.24).

Tyler Richey Co-editor of Sevens Report Research was Quoted on January 17, 2020

“Unless we begin to see significantly colder temperatures show up in the extended forecasts into the back half of winter, the natural gas market is poised to continue lower…” said Tyler Richey, co-editor of Sevens Report Research. Click here to read the full article.

Fed Day and Jobs Report Preview

What’s in Today’s Report:

  • Jobs Report Preview
  • Is Natural Gas About to Surge?
  • What Constitutes a Positive Move Post Fed?

Futures are flat ahead of the Fed decision and multiple key economic releases today while int’l shares declined overnight on soft data.

The Eurozone EC Economic Sentiment Index dropped to 100.8 vs. (E) 101.4 in October, a fresh 3+ year low as recession concerns continue to weigh on growth expectations.

The FOMC Meeting Announcement at 2:00 p.m. ET and Fed Chair Powell’s Press Conference at 2:30 p.m. ET will clearly be the main events for the markets today however there are two key economic reports that warrant attention before the bell this morning: Econ Today: ADP Employment Report (E: 139K) and Q3 GDP (E: 1.7%).

Meanwhile, earnings season remains in full swing with multiple important reports due out today: GE ($0.12), SNE ($1.08), YUM ($0.94), AAPL ($2.84), FB ($1.91), SBUX ($0.70), WDC ($0.28), SU ($0.54).

Bottom line, economic data and earnings will be able to influence early price action across asset classes today but where equity and bond markets close will almost exclusively rely on whether the Fed meets expectations, comes across as dovish, or offers another hawkish (and bearish stocks) surprise like we saw back in late July.

Tyler Richey Co-editor of the Sevens Report Quoted in MarketWatch on October 28, 2019

Meanwhile, the natural-gas market is “at the point in the year where the weather forecasts tend to take control…as speculators bet on how temperature trends will affect demand and ultimately supply levels,” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Natural Gas

Tyler Richey on Barrons, October 12, 2018

Winter Is Coming and Natural Gas Supplies Are Already Short

Supplies in storage “have fallen out of the five-year maximum-minimum range as stockpiles did not build as fast as most analysts had expected this summer,” says Tyler Richey, co-editor of commodity research provider of Sevens Report. “The last time inventories tested the lower end of that five-year range was at the beginning of the year, when futures spiked to a more than one-year high.”

Read the full article from Barrons here

Tyler Richey’s take on Natural Gas Supplies on MarketWatch, October 12, 2018

Natural-gas supplies may come up short this winter

Tyler Richey, co-editor of commodity research provider for Sevens Report on MarketWatch. His take on this topic, “Supplies in storage “have fallen out of the five-year maximum-minimum range as stockpiles did not build as fast as most analysts had expected this summer.”

Read the full article here.