NewsWare's Trade Talk: Wednesday, February 7

S&P Futures are flat to higher this morning. Earnings announcements remain the key driver to today action. CRUS, F & SONO report beat las night and this morning we see positive earning out from HLT, CVS & XPO. BABA reported a slight however the increased their buyback plan by $25B. Disney reports that new streaming sports channel is in the works as they team up with FOX & WBD in a joint venture. DIS releasing earnings after the bell today. Target is on watch as they are said to be considering a paid membership program. In Europe, stocks are mainly lower. Oil prices are higher this morning with both contracts displaying gains.