The Market News Reel for this week! Get the most important market news & updates for the week ahead! Major headlines, excerpts from news sources and a link to the full article are shown below. "Breaking Thoughts" section is purely our opinion.
Oil and Gold Rise on Tensions in Eastern Europe, Markets Remain Volatile
"Oil jumped to a seven-year high, safe-havens rallied and U.S. stock futures dived on Tuesday as Europe's eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine.
Brent crude futures rose 1.6% to $96.94, just off their overnight seven year high. S&P 500 futures fell 1.5% and Nasdaq futures fell 2.2%. Asian stocks were also down over half a percent, while Japan's Nikkei (.N225) skidded sharply.
Spot gold, in contrast , hit a new six-month top of $1,911.56." - read more on Reuters here
Major Earnings This Week
Tuesday February 22:
Agilent Technologies (A): Expected Q1 earnings of $1.18 per share
Home Depot (HD): Expected Q4 earnings of $3.17 per share
Macy's (M): Expected Q4 earnings of $2.00 per share
Rackspace Technology (RKT): Expected Q4 earnings of $0.24 per share
Wednesday February 23:
eBay (EBAY): Expected Q4 earnings of $1.00 per share
Hertz Global (HTZ): Expected Q4 earnings of $0.76 per share
Thursday February 24:
Alibaba (BABA): Expected Q3 earnings of $16.23 per share
Block/Square (SQ): Expected Q4 earnings of $0.23 per share
Intuit (INTU): Expected Q4 earnings of $1.86 per share
Nikola (NKLA): Expected Q4 earnings of $-0.32 per share
Major IPOs Expected This Week
None
See you next week!
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