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Last Week’s Market Activity

Last week, we saw a tremendous amount of green in the markets, with the Dow up 0.48%, the S&P up 1.54%, the Nasdaq up 2.56%, and the Russell up a whopping 3.87%. This unbelievable amount of green in the markets was a result of much better than anticipated earnings releases, as companies like ARM surged over 50% on the back of stellar earnings reports.

Macroeconomic Indicators

Although plenty of stocks saw incredible surges upward last week, these gains were largely attributed to fantastic earnings releases. There weren’t many economic data releases of note last week, but there will be some incredibly important ones this coming week, which we’ve detailed in the next section:

Upcoming Market Catalysts

This week, things kick off on Tuesday with the CPI data release. Analysts are expecting year-over-year CPI to come in at 2.9%, compared to a previous reading of 3.4%, and they’re expecting Core to come in at 3.7% versus a previous reading of 3.9%. We’ll also get to see retail sales data on Thursday, which will be important for gauging how the consumer is faring. Lastly, on Friday, we’ll get to see the numbers on housing starts, building permits, consumer sentiment, and PPI.

Notable Earnings Releases

Now that some of the largest companies in the world have reported their earnings, things have begun to slow down this week. However, there are still quite a few large companies releasing earnings reports this week, such as:

02/12 – Arista Networks (ANET), Cadence Design Systems (CDNS), Waste Management (WM), Principal Financial Group (PFG), James Hardie Industries (JHX), Trimble (TRMB), monday.com (MNDY)

02/13 – Coca-Cola Company (KO), Shopify (SHOP), Airbnb (ABNB), Zoetis (ZTS), Marriott International (MAR), Moody’s Corporation (MC), Ecolab (ECL), Welltower (WELL), Datadog (DDOG), Waste Connections (WCN)

02/14 – Cisco Systems (CSCO), SONY Group (SONY), Equinix (EQIX), CME Group (CME), Occidental Petroleum (OXY), The Kraft Heinz Company (KHC), Energy Transfer (ET), Williams Companies (WMB), Manulife Financial (MFC)

02/15 – Applied Materials (AMAT), Deere & Company (DE), RELX (RELX), Stellantis (STLA), DoorDash (DASH), Digital Realty Trust (DLR), Constellation Energy (CEG), DraftKings (DKNG), Ingersoll Rand (IR), The Trade Desk (TTD)

02/16 – TC Energy Corporation (TRP), Vulcan Materials Company (VMC), NatWest Group (NWG), PPL Corporation (PPL)

This week, SHOP and ABNB will command much of the attention. These mid-sized tech companies will have everyone curious as to how their fourth-quarter numbers looked. Both have had tremendous run-ups over the past couple of months, so it will be interesting to see if these tech giants can hold onto their gains.

⚡ Watchlist ⚡

Monitoring the market conditions this week.

⚡ Trade Wins from Last Week ⚡

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