Weekly earnings
This weeks earnings
There are some key companies in AI reporting earnings this week, including NVDA, CRM, ZETA and CRWV.
Some interesting non-AI names reporting earnings include HD, LOW, HIMS, and CELH
Upcoming economic data
A relatively slow week
Key gauges like Consumer Confidence (Feb 24/25), Richmond Fed Index, and potential housing/inventory data mid-week.
No major economic data like NFP or CPI is getting released this week
Global trade
Tariff uncertainty looms
Last week the the Supreme Court made a key ruling on the Trump tariffs, ruling them Illegal. The reaction was mostly uncertainty about the impact on new trade deals. Over the weekend President Trump increased the global tariff from 10% to 15%. The impact from this remains to be seen since the markets were closed when he made the announcement. The key impact from this will be how it impacts new trade deals, such as with the UK and China.
I think that regardless of how the market reacts to the changes in the tariffs, the reaction will be short lived. The market has proven to be resilient when in comes to these tariff announcements.
Volatility and Uncertainty
The overall theme going into this week is earnings volatility and uncertainty around global trade impacts. Impending conflict between the U.S. and Iran also has the market on edge right now. Global conflict usually has a big impact in the short term on the stock market, and the probability of a strike on Iran remains uncertain.
Stay focused out there this week while you trade and make sure to evaluate your risk profile before you enter any trades.
-Paul Scharr
Disclaimer: This newsletter is not financial advice. Stock investing involves risk, including possible loss of principal. Past performance doesn’t guarantee future results. Do your own research and consult professionals. Data sourced from public financial sites and may change.