{"id":65034,"date":"2022-11-14T08:55:29","date_gmt":"2022-11-14T13:55:29","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=65034"},"modified":"2022-11-14T08:55:29","modified_gmt":"2022-11-14T13:55:29","slug":"coffee-with-greta-stocks-slip-while-yields-pop","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2022\/11\/14\/coffee-with-greta-stocks-slip-while-yields-pop\/","title":{"rendered":"Coffee With Greta: Stocks Slip While Yields Pop"},"content":{"rendered":"

DJIA Futures: <\/b>-31 (-0.1%)<\/span><\/p>\n

SPX Futures: <\/b>-10 (-0.2%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-59 (-0.5%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are slipping as traders gear up for a busy week of earnings and economic data.\u00a0<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Yields Pop Higher<\/span><\/h2>\n

Treasury yields are rising again today after the bond market was closed on Friday.\u00a0<\/span><\/p>\n

The 2-year yield is up 9 basis points to 4.41% while the 10-year yield is up 4 basis points to 3.88%.\u00a0<\/span><\/p>\n

Traders are looking ahead to the release of the New York Fed\u2019s Survey of Consumer Expectations at 11:00 a.m. ET today.\u00a0<\/span><\/p>\n

That survey includes consumers\u2019 1-year and 5-year expectations for inflation.\u00a0<\/span><\/p>\n

Busy Week of Data<\/span><\/h2>\n

Traders will get more insight into the inflation picture this week as well as some other key data on the housing market.\u00a0<\/span><\/p>\n

The Bureau of Labor Statistics releases its October producer price index Tuesday morning while the New York Fed releases its November manufacturing index at the same time.\u00a0<\/span><\/p>\n

Then the Commerce Department reports October retail sales Wednesday morning.<\/span><\/p>\n

The National Association of Homebuilders November sentiment index comes out later on Wednesday.\u00a0<\/span><\/p>\n

The Census Bureau then reports October housing starts and building permits Thursday morning.<\/span><\/p>\n

And finally the National Association of Realtors reports October existing home sales on Friday.\u00a0<\/span><\/p>\n

Key Retail Earnings Ahead<\/span><\/h2>\n

The biggest retailers in the U.S. report Q3 earnings this week.<\/span><\/p>\n

Walmart <\/b>(WMT) and <\/span>Home Depot <\/b>(HD) report ahead of the open on Tuesday.\u00a0<\/span><\/p>\n

Then <\/span>Target <\/b>(TGT) and <\/span>Lowe\u2019s <\/b>(LOW) report Wednesday morning.\u00a0<\/span><\/p>\n

Macy\u2019s <\/b>(M) and <\/span>Kohl\u2019s <\/b>(KSS) report Thursday morning with <\/span>Gap <\/b>(GPS) after the close.\u00a0<\/span><\/p>\n

And then <\/span>Foot Locker <\/b>(FL) on Friday morning.\u00a0<\/span><\/p>\n

Retail earnings have been key to gauge the impact of inflation on consumer activity. <\/span>
\n<\/span>
\n<\/span>The market will be focused on future guidance from these retailers.<\/span><\/p>\n

Oil Prices Drop Amid China\u2019s Covid Surge<\/span><\/h2>\n

Oil prices are falling today on demand concerns as Covid cases surge in China.<\/span><\/p>\n

West Texas Intermediate crude futures are down 1.2% to under $88 bbl while Brent crude futures are down 1% to just under $95 bbl.\u00a0<\/span><\/p>\n

Beijing and other big cities across China reported record new Covid infections today after easing restrictions last week.\u00a0<\/span><\/p>\n

Tyson Tops Q4 Sales Expectations<\/span><\/h2>\n

Tyson Foods <\/b>(TSN) shares are up 1.7% ahead of the open after reporting stronger than expected Q4 sales.\u00a0<\/span><\/p>\n

Here\u2019s how the meat processor\u2019s results compared to analysts\u2019 expectations:<\/span><\/p>\n

    \n
  • Adjusted EPS: $1.63 vs $1.70 expected<\/span><\/li>\n
  • Revenue: $13.7 billion vs $13.5 billion expected<\/span><\/li>\n<\/ul>\n

    The CEO said, \u201cWe delivered record sales and earnings for the full year, which was supported by our diverse portfolio and continued strength in consumer demand for protein.\u201d<\/span><\/p>\n

    Average prices rose 5.1% overall with chicken prices jumping 18.2% while beef prices fell 8.2%.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    DJIA Futures: -31 (-0.1%) SPX Futures: -10 (-0.2%) NASDAQ Futures: -59 (-0.5%) Good morning friends! Futures are slipping as traders gear up for a busy week of earnings and economic data.\u00a0 Let\u2019s get right to it! Yields Pop Higher Treasury yields are rising again today after the bond market was closed on Friday.\u00a0 The 2-year yield is up 9 basis points to 4.41% while the 10-year yield is up 4 basis points to 3.88%.\u00a0 Traders are looking ahead to the release of the New York Fed\u2019s Survey of Consumer Expectations at 11:00 a.m. ET today.\u00a0 That survey includes consumers\u2019 1-year and 5-year expectations for inflation.\u00a0 Busy Week of Data Traders will get more insight into the inflation picture this week as well as some other key data on the housing market.\u00a0 The Bureau of Labor Statistics releases its October producer price index Tuesday morning while the New York Fed releases its November manufacturing index at the same time.\u00a0 Then the Commerce Department reports October retail sales Wednesday morning. The National Association of Homebuilders November sentiment index comes out later on Wednesday.\u00a0 The Census Bureau then reports October housing starts and building permits Thursday morning. And finally the National Association of Realtors reports October existing home sales on Friday.\u00a0 Key Retail Earnings Ahead The biggest retailers in the U.S. report Q3 earnings this week. Walmart (WMT) and Home Depot (HD) report ahead of the open on Tuesday.\u00a0 Then Target (TGT) and Lowe\u2019s (LOW) report Wednesday morning.\u00a0 Macy\u2019s (M) and Kohl\u2019s (KSS) report Thursday morning with Gap (GPS) after the close.\u00a0 And then Foot Locker (FL) on Friday morning.\u00a0 Retail earnings have been key to gauge the impact of inflation on consumer activity. The market will be focused on future guidance from these retailers. Oil Prices Drop Amid China\u2019s Covid Surge Oil prices are falling today on demand concerns as Covid cases surge in China. West Texas Intermediate crude futures are down 1.2% to under $88 bbl while Brent crude futures are down 1% to just under $95 bbl.\u00a0 Beijing and other big cities across China reported record new Covid infections today after easing restrictions last week.\u00a0 Tyson Tops Q4 Sales Expectations Tyson Foods (TSN) shares are up 1.7% ahead of the open after reporting stronger than expected Q4 sales.\u00a0 Here\u2019s how the meat processor\u2019s results compared to analysts\u2019 expectations: Adjusted EPS: $1.63 vs $1.70 expected Revenue: $13.7 billion vs $13.5 billion expected The CEO said, \u201cWe delivered record sales and earnings for the full year, which was supported by our diverse portfolio and continued strength in consumer demand for protein.\u201d Average prices rose 5.1% overall with chicken prices jumping 18.2% while beef prices fell 8.2%.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":65035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-65034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=65034"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65034\/revisions"}],"predecessor-version":[{"id":65037,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65034\/revisions\/65037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/65035"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=65034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=65034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=65034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}