[CautiousInvestor]

FOMC Jerome Powell testimony & mother-of-all-reports highlight the week ahead
Possible ICE/SNOW storm in SW Virginia this weekend

• This reply was modified 2 weeks, 4 days ago by CautiousInvestor.

[Truman]

Equity indices in the Asia-Pacific region began the week on a mostly higher note.

–Equity Markets—

Japan’s Nikkei: +1.1%
Hong Kong’s Hang Seng: +0.2%
China’s Shanghai Composite: -0.2%
India’s Sensex: +0.7%
South Korea’s Kospi: +1.2%
Australia’s ASX All Ordinaries: +0.6%

[Truman]

China’s Premier Li announced a 2023 growth target of 5.0%, which was on the low end of expectations.
Defense spending is expected to increase by 7.2% yr/yr.
China’s National Development Reform Commission reportedly inquired about a sharp rise in the price of ore.

[Truman]

The Reserve Bank of Australia is expected to announce a 25-bps rate hike tomorrow.

South Korea’s February CPI 0.3% m/m (expected 0.5%; last 0.8%); 4.8% yr/yr (expected 5.1%; last 5.2%)

Australia’s February MI Inflation Gauge 0.4% m/m (last 0.9%)

[Truman]

Major European indices trade in mixed fashion

–Equity Markets—

STOXX Europe 600: UNCH
Germany’s DAX: +0.6%
U.K.’s FTSE 100: -0.4%
France’s CAC 40: +0.4%
Italy’s FTSE MIB: +0.4%
Spain’s IBEX 35: +0.2%

[Truman]

French Finance Minister Le Maire said that his country’s government reached an agreement with retailers to limit food inflation and that retailers will take a hit to their margins.

European Central Bank policymaker Rehn hinted at a “fairly significant” rate hike in March while ECB policymaker Centeno said that the central bank is targeting headline inflation rate instead of the core rate.

Eurozone’s January Retail Sales 0.3% m/m (expected 1.0%; last -1.6%); -2.3% yr/yr (expected -1.8%; last -2.8%). March Sentix Investor Confidence -11.1 (expected -6.3; last -8.0)

U.K.’s February Construction PMI 54.6 (expected 49.1; last 48.4)

Spain’s February Consumer Confidence 71.6 (last 73.0)

Swiss February CPI 0.7% m/m (expected 0.4%; last 0.6%); 3.4% yr/yr (expected 3.1%; last 3.3%)

[Truman]

Apple (AAPL 153.12, +2.09, +1.4%): initiated with a Buy at Goldman

Wendy’s (WEN 21.59, -0.34, -1.6%): Trian Fund (Nelson Peltz) sold 3,627,569 shares worth approx. $80.0 mln; downgraded to Neutral from Buy at Northcoast

Biogen (BIIB 271.79, +1.52, +0.6%): and Eisai receives Priority Review for traditional approval of LEQEMBI

Altria (MO 46.55, +0.02, +0.04%): to acquire NJOY Holdings for approximately $2.75 bln in cash payable at closing; call at 9 a.m. ET

[Truman]

Ciena (CIEN 53.85, +4.76, +9.7%): beats by $0.28, beats on revs

[Truman]

Tesla (TSLA 197.94, +0.15, +0.1%): lowered Model S version by 5% to $89,900 and Plaid to $109,990

[Truman]

Norfolk Southern (NSC 225.00, -3.39, -1.5%): Second train derails in Ohio about a month after East Palestine derailment; no hazardous materials were involved, according to NYT

[TradersCom]

Prime Minister Kaja Kallas leader of Estonia’s center-right Reform Party overwhelmingly won the country’s general election Gaining another 3 seats in the riigikogu

Palju õnne! @kajakallas with record 31,821 votes #

[CautiousInvestor]

Dow 33,431.44 40.47 0.12%
S&P 500 4,048.42 2.78 0.07%
Nasdaq 11,675.74 -13.27 -0.11%
VIX 18.61 0.12 0.65%
Gold 1,851.90 -2.70 -0.15%
Oil 80.54 0.86 1.08%
BITCOIN 22,384

RIP to 1 of greatest guitarists & last original members of the band who passed away yesterday

[MoneyNeverSleeps]

Domo (DOMO) beats by $0.07, beats on revs; guides AprQ EPS below consensus, revs in-line; guides FY24 EPS above consensus, revs below consensus;

Names David Jolley as CFO and Domo Founder Josh James as CEO; John Mellor steps down as CEO

DOMO down 4.4%

[MoneyNeverSleeps]

WW (WW) reports Q4 (Dec) results, revs in-line; guides Q1 revs below consensus;

Acquiring Sequence for $106 mln in cash and equity

WW up 6.2%

[MoneyNeverSleeps]

Trip.com Group (TCOM) reports Q4 (Dec) results, beats on revs;

China business remained resilient with international business showing strong recovery momentum

TCOM up 1.9%

[Author]

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