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.
Market Volatility Continues, Oil Retreats back to $100
"Volatility continued to dominate trading around the world as traders assessed the latest geopolitical developments, with U.S. stocks wiping out an advance that topped 1 per cent earlier in the day and oil tumbling.
Energy shares led losses in the S&P 500 as West Texas Intermediate crude sank as much as 8.8 per cent and traded near US$100 a barrel. Megacaps dragged down Nasdaq 100, with Apple Inc. slumping after its supplier Foxconn halted operations at its Shenzhen sites following a Chinese government-imposed lockdown. The 10-year Treasury yield climbed to its highest level since July 2019." - read more on BNN here
Major Earnings This Week
Tuesday March 14:
GitLab (GTLB): Expected Q4 earnings of $-0.25 per share
Westport Fuel Systems (WPRT): Expected Q4 earnings of $-0.02 per share
Wednesday March 16:
Guess (GES): Expected Q4 earnings of $1.14 per share
Progressive (PGR): Expected Q1 earnings of $1.20 per share
Thursday March 17:
Canadian Solar (CSIQ): Expected Q4 earnings of $0.33 per share
Dollar General (DG): Expected Q4 earnings of $2.56 per share
FedEx (FDX): Expected Q3 earnings of $4.65 per share
GameStop (GME): Expected Q4 earnings of $0.84 per share
Major IPOs Expected This Week
None
See you next week!
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