Apple Event, Walmart and Alibaba EarningsMarkets Bounce Back Amid Economic Data & Earnings Focus
Market Overview
U.S. markets were closed Monday for Presidents’ Day, but last week saw a strong rebound. Intel surged 23.6%, marking its best weekly performance since 2000. Meanwhile, XRP was declared not a security, though the SEC may appeal. Looking ahead, major earnings from Walmart, Alibaba, and HSBC could set the tone for the week.
Market Movers
Udemy (UDMY) ▲ 28.01% – Shares soared following strong earnings and increased guidance.
DraftKings (DKNG) ▲ 15.16% – The stock rallied as sports betting revenue continued its upward trend.
Airbnb (ABNB) ▲ 14.45% – Strong demand and revenue growth pushed shares higher.
CRISPR Therapeutics (CRSP) ▲ 14.33% – Advances in gene-editing technology boosted investor confidence.
News Highlights
The Week in Review
Wall Street snapped a two-week losing streak, with the S&P 500 closing just 0.07% below its record high. Despite concerns over potential new tariffs, the market remained resilient. A softer-than-expected producer inflation report helped ease investor concerns.
Weekly Performance:
✅ S&P 500: +1.5%
✅ Nasdaq: +2.6%
✅ Dow Jones: +0.5%
The Week Ahead
With U.S. markets reopening after the holiday, the focus shifts to housing data midweek, including housing starts on Wednesday and existing home sales on Friday. Key economic reports like PMI and consumer sentiment will also be watched closely. In the UK, inflation and retail sales figures are expected to drive market sentiment. Meanwhile, earnings from Walmart, Alibaba, and HSBC will be under the spotlight.
Key Earnings to Watch This Week
HSBC (Feb 19): The bank is undergoing a major restructuring, aiming for $1.5B in cost savings. However, net interest income is down 17%, making loan defaults and deposit trends key focal points.
Rio Tinto (Feb 19): A 20% YoY drop in iron ore prices and slowing Chinese demand weigh on the outlook. Investors await updates on the $6.7B Arcadium Lithium acquisition and key projects in Mongolia and Argentina.
Alibaba (Feb 20): AI integration is the big story, particularly its recent partnership with Apple in China. Cloud revenue is expected to rise 9%, with overall revenue growth forecasted at 7% YoY.
Walmart (Feb 20): As inflation continues to impact consumers, Walmart’s earnings will offer insights into spending trends. Last quarter saw $169.59B in sales, with e-commerce growth at 22%.
Lloyds (Feb 20): Analysts expect a drop in pre-tax income from £7.5B to £6.4B. Loan provisions and an FCA car financing probe could impact results, while a potential £2B buyback and dividend increase are on the radar.
Movers & Shakers
USD/CAD ▲ 0.17% (1.41863): The Canadian dollar hit a two-month high as U.S. bond yields declined.
Intel (INTC) ▼ 2.20% (23.60): Surged 23.6% last week, marking its best gain since 2000, driven by speculation around a strategic partnership.
Trump Media & Technology Group (DJT) ▼ 0.91% (30.39): Reported a $400.9M net loss in 2024, with revenue declining 12% to $3.6M. Legal fees and revenue-sharing adjustments weighed on results.
Apple (AAPL) ▲ 1.27% (244.60): Set to unveil new products, including the iPhone SE4, with analysts forecasting a $499 price tag. A potential AI partnership with Alibaba is also drawing interest.
Coming Up Today
U.S. markets closed for Presidents’ Day.
What to Watch
Tencent shares hit their highest level since 2021 after DeepSeek AI was integrated into WeChat search, strengthening Tencent’s AI presence. Strong gaming releases have also contributed to a 70% stock surge over the past year.
Prices and figures quoted were correct at the time of writing.
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