NewsWare’s Trade Talk: Monday, March 4

S&P Futures are slightly lower this morning. Markets will be digesting comments from Fed Chair Jerome Powell and the monthly non-farm payrolls report this week. Macy's is higher this morning on an increased takeover bid. DECK & SMCI will be replacing WHR & ZION in the S&P 500 on March 18th. Bank of America lifts its year end price target for the S&P 500 to 5400 but warned of a near term pull back. In the week ahead markets will price in earnings reports from TGT, ROST, CRWD, FL, CPB, JD, CIEN, BURL, GPS, MRVL COST & AVGO. In Europe, stocks are trading flat lower ahead of an ECB meeting this week. Oil prices are trading slightly lower this morning as OPEC will be extending its production cuts for another 3 months in an effort to boost prices.