Traders Market Weekly: Two Tribes Go to War

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    Lowe’s (LOW 219.99, +5.40): +2.5% after beating top and bottom-line estimates and guiding FY23 EPS above consensus.

    Palo Alto Networks (PANW 512.21, +36.70): +7.7% after beating top and bottom-line estimates, guiding fiscal Q3 EPS above consensus, and guiding FY22 revenue above consensus. JP Morgan upgraded PANW to Neutral from Underweight.

    TJX Companies (TXJ 60.50, -4.75): -7.3% after missing revenue estimates. TJX announced a 13% dividend increase and a new $3 billion share repurchase program.

    Caesars Entertainment (CZR 80.00, +3.43): +4.5% after providing in-line revenue results.

    Mosaic (MOS 42.00, -2.19): -5.0% after missing top and bottom-line estimates. The company also authorized a new $1 billion share repurchase program and increased its annual dividend to $0.60 per share from $0.45 per share.


    Japan’s Nikkei was closed for Emperor’s Birthday.
    Japan’s Nikkei: CLOSED
    Hong Kong’s Hang Seng: +0.6%
    China’s Shanghai Composite: +0.9%
    India’s Sensex: -0.1%
    South Korea’s Kospi: +0.5%
    Australia’s ASX All Ordinaries: +0.7%.


    Europe at lunch
    STOXX Europe 600: +0.6%
    Germany’s DAX: +0.7%
    U.K.’s FTSE 100: +0.5%
    France’s CAC 40: +1.1%
    Italy’s FTSE MIB: +0.7%
    Spain’s IBEX 35: +0.6%.


    Dow 33,131.76 -464.85 -1.38%
    S&P 500 4,225.50 -79.26 -1.84%
    Nasdaq 13,037.49 -344.03 -2.57%
    GlobalDow 4,062.50 -37.17 -0.91%
    Gold 1,910.90 3.50 0.18%
    Oil 92.24 -0.11 -0.12%


    Ukraine’s Interior Ministry confirming widespread media reports Kyiv (Kiev) under attack from cruise & ballistic missiles
    Note attacks well beyond moves into #Donbas region.

    Attacks occurring in #Kyiv, Odessa, Mariupol & other locations in Ukraine.


    It’s SAD & even heart-breaking that WAR indeed broke out — as I was hoping PEACE would hold
    We all live on this tiny “blue marble” & should do more to preserve than destroy it
    The loss of innocent lives of children & citizens & even precious resources are major in this one
    And these crazy markets are even rallying back up after $100 OIL & 2% equity losses
    Bambi and me still hope for peace soon even though that would take a miracle


    BREAKING $OXY Unhalted Occidental Petroleum before expected:

    Q4 net income of $1.34 billion, or $1.37 per share, in the three months ended Dec. 31, versus a net loss of $1.31 billion, or $1.41 per share, a year earlier.


    Occidental said its average realized oil prices during the fourth quarter were $75.39 per barrel, up about 85% from a year earlier.

    The company, one of the top producers in the prolific Permian Basin of west Texas and New Mexico, said its average daily oil output was 1.19 million barrels of oil equivalent per day (boepd), compared with 1.14 million boepd a year earlier.


    Dow 33,223.83 92.07 0.28%
    S&P 500 4,288.70 63.20 1.50%
    Nasdaq 13,473.59 436.10 3.34%
    GlobalDow 3,970.88 -93.60 -2.30%
    Gold 1,903.50 -6.90 -0.36%
    Oil 93.06 0.96 1.04%


    Global equity markets are mixed. US futures are seeing a pullback while the rest of the world is playing catch up to Thursday’s late day rally on Wall Street. S&P Futures are trading about 24 points lower to around the 4260 area. Despite being down, the market is closer to the top end of the range that saw a high of 4278.50 and a low of 4227.50.

    In Asia, China added 0.6% while Japan snapped back to gain 2%. The Shanghai got a boost after the PBOC injected RMB300 billion into the banking system. Although the Chinese benchmark posted a solid gain, it closed closer to the low of the day. In Japan, the Nikkei saw rebounds in many of the stocks that plummeted the day prior. Names like SoftBank, Advantest and Tokyo Electron paced the way with gains of 5-7%.

    In Europe, the major bourses are rebounding from yesterday’s carnage. The region got some positive economic news after German Q4 GDP exceeded expectations with a rise of 1.8% compared to the forecast of 1.4%.


    Market Updates

    S&P Futures vs Fair Value: -24.0
    10 yr Note: 1.958%
    USD/JPY: 115.34 -0.19
    EUR/USD: 1.1177 -0.0018
    Europe: FTSE: +1.7% DAX: +1.0% CAC: +1.4%
    Asia: Hang Seng: -0.6% Shanghai: +0.6% Nikkei: +2.0%
    Gold (1911.30 -15.10) Silver (24.25 -0.45) Crude (92.77 -0.04)


    Next round of sanctions would further target Russian energy, finance sectors – EU official
    Reuters reports, citing an EU official

    EU leaders discussed how to phase out coal imports from Russia-occupied Donbass
    There are “many more oligarchs” that could be targeted in third round of sanctions


    MARKETS roaring as Russia just noted possible future meeting that could hopefully calm current tensions
    Folks should be CAUTIOUS in days ahead … as this was not a “military practice exercise”
    Still hope for best & would be answer to prayer if cease fire occurs later
    One of best songs all time featuring Felix Cav. on moog synthesizer (1971) 🙂


    February 27 – March 4 2022 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… Ima
    [See the full post at: Traders Market Weekly: Two Tribes Go to War]

    • This topic was modified 2 years, 3 months ago by TradersCom.
    • This topic was modified 2 years, 3 months ago by CautiousInvestor.
    • This topic was modified 2 years, 3 months ago by TradersCom.
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