Markets will be closed on Monday in observance of President’s Day, setting the stage for a shortened trading week. The calendar is relatively quiet, with no major economic reports expected aside from the release of the FOMC January Meeting Minutes. These minutes are unlikely to reveal anything new, reiterating the Fed’s stance on being data-dependent without committing to a specific direction. Any market reaction to the release will likely be short-lived.
Earnings season is winding down, with only a few notable large-cap reports on deck. While these may generate some interest, they are unlikely to shift overall market sentiment. There are a handful of Chinese big tech earnings that should draw interest as they will provide insight into the current state of the Chinese economy. Despite the quieter economic calendar, volatility remains a possibility as geopolitical tensions escalate, with ongoing threats of tariffs keeping markets on edge.
Be sure to keep an eye on 10 year yields as that will dictate action.
Monday
Markets Closed
Tuesday
Earnings: BIDU
Wednesday
FOMC Meeting Minutes
Earnings: ETSY TOST
Thursday
Earnings: WMT BABA RIVN XYZ
Friday
UMich Consumer Sentiment
Tracking This Week
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Palo Alto Networks (NASDAQ:PANW) delivered solid earnings last week, accompanied by guidance that aligned with expectations. However, the stock took a surprising tumble following the report, even as most analysts reiterated positive ratings and, in many cases, raised price targets. This disconnect between analyst sentiment and market reaction adds to the confusion. While the stock may not see a dramatic surge in the near term, the strong fundamentals and widespread analyst support suggest a solid base at current levels.
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