The Market News Reel for this week! Get the most important market news & updates for the week ahead! Major headlines, excerpts from news sources are shown below. "Breaking Thoughts" section is purely our opinion.
War In Europe, Sanctions and Market Volatility
"Russia launched a full-scale invasion of Ukraine this week, sparking a slew of sanctions and turmoil in global financial markets.
Fears of a potential supply disruption on oil markets from the war in Ukraine saw crude prices surge above $100 a barrel for the first time since 2014, with Brent touching $105. UK and Dutch gas prices rose about 40%-50% on Thursday. Both crude and gas prices came down on Friday, markets remain jittery.
While a raft of harsh sanctions imposed by western capitals has not specifically targeted Russia's oil and gas flows, top buyers of Russian oil were struggling to secure guarantees at Western banks or find ships to take crude from the country." - read more on Reuters here
Breaking Thoughts: This is a terrible tragedy for Ukraine, Russia and Europe as well. 8 long years of war in east Ukraine have now escalated to a full blown invasion by Russia across the whole of Ukraine. It is the largest conventional invasion in Europe since the end of WW2, and the largest conflict since the Yugoslavian Civil Wars of 1991-1999. Globally, it is similar in scale and scope to the US invasion of Iraq in 2003.
For market participants the big losers are Russian stocks, the Ruble, airlines, tourism, and potentially many other industries will be hit with supply chain issues. The "winners" (if there is such a thing), are likely oil/gas companies and commodities which are seeing massive price rises; along with western military hardware companies which will be seeing a huge influx of orders from NATO countries. Ofcourse, a swift and lasting peace deal would likely flip these market dynamics.
For those looking to better understand the origins of the conflict, the video below has an incredible level of detail, research, and coverage:
As with everyone else globally we hope for a peaceful resolution as soon as possible and that the rhetoric on all sides -especially on the use of nuclear weapons- de-escalates. We also hope for peace in Yemen, Syria, Iraq, Somalia and other parts of Africa where US/NATO forces are currently active. The world does not need any more wars.
Major Earnings This Week
Monday February 28:
Berkshire Hathaway (BRK.B): Expected Q4 earnings of $2.88 per share
Groupon (GRPN): Expected Q4 earnings of $0.19 per share
HP (HPQ): Expected Q1 earnings of $1.02 per share
Lucid Group (LCID): Expected Q4 earnings of $-0.35 per share
Nio (NIO): Expected Q4 earnings of $-1.35 per share
Zoom Video (ZM): Expected Q4 earnings of $1.07 per share
Tuesday March 1:
Baidu (BIDU): Expected Q4 earnings of $8.70 per share
Domino's Pizza (DPZ): Expected Q4 earnings of $4.28 per share
Salesforce (CRM): Expected Q4 earnings of $0.75 per share
SoFi Technologies (SOFI): Expected Q4 earnings of $-0.17 per share
Target (TGT): Expected Q4 earnings of $2.86 per share
Wendy's (WEN): Expected Q4 earnings of $0.15 per share
Wednesday March 2:
Coupang (CPNG): Expected Q4 earnings of $-0.19 per share
Dollar Tree (DLTR): Expected Q4 earnings of $1.77 per share
Thursday March 3:
Best Buy (BBY): Expected Q4 earnings of $2.78 per share
Broadcom (AVGO): Expected Q1 earnings of $8.08 per share
Major IPOs Expected This Week
None
See you next week!
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