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  • Trade view / 6 hours ago
    Medium term

    Whole Foods looking to go another leg lower

    Trader / TheSteadyTrader.com
    United States
    Shares of organic foods chain Whole Foods Market dropped sharply last week after the company reported its fiscal third quarter results. This, combined with what the charts are telling us point to another leg lower in the stock in the near term.
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  • Squawk / 7 hours ago
    Head of Macro Strategy / Saxo Bank
    Denmark
    ISM manufacturing retraces from 5-month high:

    Manufacturing continued to expand in the US last month, but it did so at a slightly slower pace than in May and June with the headline index at 52.7 vs. 53.5 a month earlier (and 52.8 in May). Consensus had expected an unchanged reading of 53.5.

    The July ISM manufacturing report is a mixed bag with new orders among the highlights. The forward-looking component rose to 56.5 from 56, a six-month high, and the production index also gained to 56 from 54. Employment, on the other hand, dropped to 52.7 from 55.5.

    The employment component is interesting considering that the US employment report will be released on Friday. Consensus currently looks for an increase of 225,000 in July following a gain of 223,000 in June.
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