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Last Week’s Market Activity

Last week was quite an eventful week, with the Fed interest rate decision and some of the largest companies in the world reporting their Q4 earnings. Luckily for us, the news last week was mostly good, leading the markets on an uptrend, with the Dow, S&P, and Nasdaq being up roughly 1% on a week-over-week basis and the Russell being slightly down. However, we’re not out of the woods yet! We still have another incredibly busy week ahead of us!

Macroeconomic Indicators

Although the Fed decided to keep interest rates where they are for the month of February, the economy has largely remained strong, with incredible employment numbers for the month of January. The jobs report came in with a massive beat, with the US adding 353,000 jobs in the month of January, compared to an expected 185,000. This meant that the unemployment rate also beat expectations, coming in at 3.7% compared to an expected 3.8%. Additionally, the number of job openings continues to grow, with roughly 9 million open jobs at the end of December, compared to 8.9 million at the end of November.

Upcoming Market Catalysts

This week, things will be rather quiet in terms of economic data releases. For those who are interested in exactly what the Fed is thinking, countless Fed officials are speaking throughout the week. These speeches offer a great opportunity to figure out exactly what Fed officials are thinking about the economy as a whole, as well as interest rates. In addition to hearing from various Fed representatives, we’ll also get to see data on consumer spending for the month of January. This will be important to pay attention to, as the consumer is what drives the US economy!

Notable Earnings Releases

Earnings season continues this week, with some very large, influential companies reporting their earnings, such as:

02/05 – McDonald’s (MCD), Caterpillar (CAT), NXP Semiconductors (NXPI), Estee Lauder Companies (EL), Simon Property Group (SPG), Palantir Technologies (PLTR), On Semiconductor (ON)

02/06 – Eli Lilly and Company (LLY), Toyota Motor Corp (TM), Linde plc (LIN), Amgen (AMGN), UBS (UBS), BP p.l.c. (BP), Gilead Sciences (GILD), Fiserv (FI), Chipotle Mexican Grill (CMG), Fortinet (FTNT), Ford Motor Company (F)

02/07 – Alibaba Holdings (BABA), Walt Disney Company (DIS), Uber Technologies (UBER), CVS Health Corporation (CVS), Arm Holdings (ARM), PayPal Holdings (PYPL), McKesson Corporation (CK), O’Reilly Automotive (ORLY), Emerson Electric Company (EMR), Hilton Worldwide Holdings (HLT), Allstate Corporation (ALL)

02/08 – S&P Global (SPGI), Philip Morris International (PM), ConocoPhillips (COP), Unilever (UL), AstraZeneca (AZN), Duke Energy Corporation (DUK), Intercontinental Exchange (ICE), Thomson Reuters (TRI), Transdigm Group (TDG), Brookfield Corporation (BN)

02/09 – Pepsico (PEP), Enbridge (ENB), Honda Motor Company (HMC), Blue Owl Capital (OWL), Fortis (FTS), Magna International (MGA)

This week, all eyes will be on the legacy giants reporting earnings, such as MCD, CAT, EL, LLY, TM, F, DIS, CVS, PEP, and HMC. These giant corporations will give us a great idea of how the economy as a whole is doing and where both consumers and businesses are spending their money

⚡ Watchlist ⚡

Monitoring the market conditions this week.

⚡ Trade Wins from Last Week ⚡

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