This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.

The content of this post was created by the Hammerstone Group. The Hammerstone Institutional Forum, a chat-based platform for traders, provides subscribers with up-to-the-minute breaking news headlines and instant analysis that drive the market. For more information please visit www.thehammerstone.com. For more information on the stocks mentioned in the Hammerstone Recap, please contact Brian Ducey at brian@thehammerstone.com.

The Hammerstone Group

October 10, 2019

Early Look: Thursday, October 10, 2019

Stock futures are little changed in the U.S. following mixed reports of the long-anticipated trade meeting between America and China, causing volatile trading in Asia and Europe overnight. Bloomberg News reported last night that the White House may implement a previously-agreed-upon currency deal with China ahead of schedule, and suspend tariff hikes scheduled to take effect next week.

Read More
The Hammerstone Group

October 8, 2019

Early Look: Tuesday, October 8, 2019

Stock futures are lower, on track to slip for a second consecutive session as the focus this week remains firmly on the renewed trade talks later this week (Oct 10-11) between high level trade representatives from the United States and China. Late yesterday, ahead of key trade negotiations later this week, the U.S. announced it was blacklisting several Chinese tech companies (including Hikvision, Sense Time, Megvii and iFlytek) that develop facial recognition and other artificial intelligence technology that the U.S. says is being used to repress China’s Muslim minority groups. The move Monday by the U.S. Commerce Department seeks to put the companies on a so-called Entity List for acting contrary to American foreign policy interests.

Read More
The Hammerstone Group

October 3, 2019

Early Look: Thursday, October 3, 2019

U.S. stocks are bouncing after two days of intense selling pressure, as markets brace for several Fed speakers today as well as economic data which includes Markit services PMI, durable goods orders, jobless claims, while PepsiCo and Costco report earnings. In trade news overnight, the Trump administration plans to impose tariffs on $7.5 billion worth of European imports (from aircraft to foods) beginning Oct. 18 to retaliate against illegal European Union subsidies for aviation giant Airbus.

Read More
The Hammerstone Group

September 26, 2019

Early Look: Thursday, September 26, 2019

Stocks futures in the U.S. are moving higher, following strong gains on Wednesday and overnight advances in both Asia and Europe, as signs of easing trade tensions with China outweighed political drama in Washington. President Donald Trump suggested a trade deal with China was possible and showed signs of moving toward a pact with Japan.

Read More
The Hammerstone Group

September 24, 2019

Early Look: September 24, 2019

U.S. stock futures are edging higher once again, rising on trade optimism after Treasury Secretary Steven Mnuchin said late Monday that U.S.-China trade talks will resume in two weeks in Washington (not new news but gives more specific timeframe). Mnuchin said “the President’s been very clear if we can get the right deal, he wants the deal.” “If we can’t get the right deal, he’s happy with the tariffs.”

Read More
The Hammerstone Group

September 12, 2019

Early Look: Thursday, September 12, 2019

U.S. futures edge higher, adding to the strong gains generated on Wednesday, as President Trump agreed to delay the $250B China tariff increase to October 15th from October 1st saying in a tweet last night “at the request of the Vice Premier of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary on October 1st, we have agreed, as a gesture of good will, to move the increased tariffs on 250 Billion Dollars’ worth of goods (25% to 30%), from October 1st to October 15th.”

Read More
The Hammerstone Group

September 5, 2019

Early Look: Thursday, September 5, 2019

U.S. futures are sharply higher, building on the strong gains yesterday after the U.S. and Beijing set trade talk dates, saying representatives from both countries will meet in early October aimed at ending a tariff war that threatens global economic growth. The agreement on a date came in a phone call conducted by the chief Chinese envoy, Vice Premier Liu He, with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, the Chinese Commerce Ministry said.

Read More
The Hammerstone Group

August 27, 2019

Early Look: Tuesday, August 27, 2019

Stock futures are flat across the board, having rebounded from Friday’s sharp selloff yesterday, helped by President Trump as he provided markets with a much more optimistic tone on a potential trade deal with China, saying Beijing asked to “get back to the table” for talks. But outside of a few comments from Trump, following up after announcing increased tariffs on additional China goods last Friday, markets were relatively quiet amid a lack of market moving corporate news.

Read More
The Hammerstone Group

August 6, 2019

Early Look: Tuesday, August 6, 2019

Stocks in the U.S. are pointing to a solid rebound, looking to snap the week-long losing streak for the S&P 500 index, as China took steps to limit the yuan’s decline, putting a stop to the global selloff. Asian stock markets opened sharply lower on Tuesday and the offshore renminbi hit a new trough in early trading after the Trump administration labelled China a currency manipulator.

Read More
The Hammerstone Group

July 30, 2019

Early Look: Tuesday, July 30, 2019

Stock futures are slipping following mixed trading yesterday as investors await the Federal Reserve’s decision on Wednesday—widely expected to be an interest-rate cut. Asian markets gained in early trading Tuesday, ahead of the first round of trade negotiations between the U.S. and China since early May and following dovish guidance from the Bank of Japan.

Read More
The Hammerstone Group

July 25, 2019

Early Look: Thursday, July 25, 2019

Stock futures are mixed, with the Dow futures getting a lift behind better earnings from MMM, while the Nasdaq Comp futures are lower following a rough night of earnings and guidance, especially in the software and chip sector, with shares of NOW, PTC, XLNX, CTXS all sliding, though FB shares rallied behind a strong gains in quarterly sales and users, as TSLA shares dropped over 11% on its results.

Read More
The Hammerstone Group

July 16, 2019

Early Look: Tuesday, July 16, 2019

U.S. stock futures are flat across the board, as the U.S. dollar advanced against most top tier peers ahead of key U.S. retail sales and factory data later this morning, as major stock averages continue to hold at recently achieved all-time highs into the start of earnings season. In Asian markets, The Nikkei Index fell -150 points to 21,535, the Shanghai Index dipped -4 points to 2,937 and the Hang Seng Index rose 64 points to 28,619.

Read More
The Hammerstone Group

July 8, 2019

What’s on Tap Weekly Calendar

Monday July 8th -Economic Calendar: 3:00 PM EST Consumer Credit for May;Earnings Calendar: Earnings Before the Open: AZZ; Earnings After the Close: None

Read More
The Hammerstone Group

July 2, 2019

Early Look: Tuesday, July 2, 2019

U.S. stock futures are trading slightly lower, with the S&P trading in a narrow ten-point range overnight (2,972 high and 2,959.75 low) a day after major U.S. averages traded to their best levels ever. U.S. stocks climbed to fresh record highs on Monday (its 6th all-time closing high for the S&P 500 Index of 2019) after a thaw in trade relations between the U.S. and China sparked a rally in shares of tech companies.

Read More
The Hammerstone Group

June 27, 2019

Early Look: Thursday, June 27, 2019

Stocks futures are mixed, as the Dow Industrial futures slide being led by weakness in Boeing (BA), with shares down over 5% after tests on its currently grounded 737 Max have revealed a new safety risk and U.S. regulators are ordering the company to make additional design changes.

Read More
The Hammerstone Group

June 24, 2019

What’s on Tap Weekly Calendar

Monday June 24th Economic Calendar: 8:30 AM EST Chicago Fed Nat Activity Index for May; 8:45 AM EST Fed’s Williams makes opening remarks at Finance Forum

Read More
The Hammerstone Group

June 17, 2019

What’s on Tap Weekly Calendar

Monday June 17th – Economic Calendar: 8:30 AM EST Empire Manufacturing for June; 10:00 AM EST NAHB Housing Market Index for June; 4:00 PM EST Net Long-term TIC Flows for April.

Read More
The Hammerstone Group

June 13, 2019

Early Look: Thursday, June 13, 2019

U.S. futures point to a bounce after slipping for a second straight session on Wednesday, dragged down by weaker energy and financial stocks (on lower oil and rising interest cut expectations), but look to steady ahead of jobless claims and import data later this morning. Oil prices surged today after reports of an attack on two tankers near Iran, boosting the region’s oil stocks.

Read More
The Hammerstone Group

June 10, 2019

What’s on Tap Weekly Calendar

Monday June 10th – Economic Calendar;10:00 AM EST, JOLTs Job openings for April Earnings Calendar: Earnings Before the Open: FGP, SHLO, THO; Earnings After the Close: ADXS, ASNA, CASY, ENZ, LAKE, LOVE

Read More
The Hammerstone Group

June 6, 2019

Early Look: Thursday, June 6, 2019

Stocks in the U.S. are on track to rise for a third straight day, building on recent gains amid hopes of lower interest rates from the Fed this year as well as bets that the U.S. will reach a deal with Mexico this week to avoid getting hit with tariffs.

Read More
The Hammerstone Group

June 3, 2019

What’s on Tap Weekly Calendar

Monday June 3rd – Economic Calendar: 9:45 AM EST Markit US Manufacturing PMI, May-F; 10:00 AM EST ISM Manufacturing for May; 10:00 AM EST Construction Spending MoM for April
;12:40 PM EST Fed’s Barkin speaks to Charlotte Economics Club; 1:25 PM EST Fed’s Bullard speaks in Chicago

Read More
The Hammerstone Group

May 30, 2019

Early Look: Thursday, May 30, 2019

U.S. stock-index futures are tracking higher, looking to rebound along with the bounce in European equities as markets look to steady ahead of key economic data today. The yield on the benchmark 10-year Treasury held near the lowest level since 2017 (now up around 2.26% after falling to 2.21% yesterday), while the dollar edges higher.

Read More
The Hammerstone Group

May 28, 2019

Early Look: Tuesday, May 28, 2019

U.S. stocks are pointing to a lower open Monday, trying to rebound after stocks slumped last week, with the Dow Jones Industrial Average extending its losing streak for a fifth straight week heading into the Memorial Day weekend, though U.S. stocks gained on Friday on renewed signs of progress in trade negotiations between the U.S. and China. Crude oil rebounded from its biggest one-day loss of the year but still ended the week sharply lower.

Read More
The Hammerstone Group

May 23, 2019

Early Look – 5-23-19

U.S. futures are sharply lower, with global markets feeling pain overnight as the war of words between China and the U.S. intensifies. Overnight a top Chinese government researcher said that a trade war may last until 2035, predicting a cycle of “fighting and talking.” Bloomberg also noted that Goldman Sachs Group Inc., Nomura Holdings Inc. and JPMorgan Chase and Co. are among those pricing-in a greater chance of a protracted trade war. Meanwhile, the South China Morning Post reported that tensions are forcing China to rethink its entire economic relationship with the U.S. Lots of negativity weighing on stock market sentiment, as global markets are lower.

Read More
The Hammerstone Group

May 20, 2019

What’s on Tap Weekly Calendar

Monday May 20th Economic Calendar: 8:30 AM EST Chicago Fed Nat Activity Index for April Earnings Calendar: Earnings Before the Open: AZZ, IGT, SPTN Earnings After the Close: NDSN

Read More
trading top