OP Wire 12/11 (OP – Lite)

Earnings season continues with notable updates expected after the market closes today:

  • Adobe Systems (NASDAQ:ADBE) will release its results, offering insights into the software giant’s performance.
  • Alphabet (NASDAQ:GOOGL) has garnered attention after announcing a major breakthrough in quantum computing, which could revolutionize computing speeds and applications.

Meanwhile, Dave & Buster’s Entertainment (NASDAQ:PLAY) saw its stock plummet 16% in premarket trading after announcing the departure of CEO Chris Morris and reporting underwhelming third-quarter earnings.

Crude Oil Looks to China for Momentum

Oil prices edged higher on Wednesday as traders anticipated potential stimulus measures from China, the world’s largest crude importer, to boost its economy.

  • WTI Crude rose 1% to $69.25 per barrel.
  • Brent Crude gained 0.9%, trading at $72.85 per barrel.

Chinese trade data showed a notable uptick in oil imports in November, marking the first annual growth in seven months. However, gains were capped by unexpected growth in U.S. oil inventories, raising concerns about demand during the winter season.

The Energy Information Administration (EIA) is set to release official inventory data later today, which could further influence market direction.

The Bottom Line

As inflation data looms, markets remain in a holding pattern, grappling with uncertainties over Federal Reserve policy, corporate earnings, and global oil demand. For traders and investors, today’s CPI release and updates from key companies like Adobe and Alphabet will be critical in shaping the market’s trajectory for the rest of the week.

Today I’ll be scalping AAPL puts again as I did yesterday which paid 30% gain per plan.

Stay updated with OptionsPlayers.com for in-depth market insights and expert analysis on how these developments could affect your trading strategies. See you in chat with today’s upgrades and downgrades.

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