Monday Morning Meeting Notes (02/26/2024)

General Info:

• Fun Fact: German chocolate cake has nothing to do with Germany. The German chocolate cake recipe is credited to a Texan woman in 1957 who used “German’s Chocolate,” which is simply baking chocolate named after the creator, Sam German

Monday 02/26:

• Amazon replaces Walgreens Boots Alliance in the Dow Jones Index prior to the market opening
• Workday, SBA Communications, Domino’s Pizza, Trex, and TransMedics Group report earnings
• U.S. new home sales for January

Tuesday 02/27:

• National Strawberry Day – there are over 600 varieties of strawberries and they come in three types: June-bearing, everbearing, or day-neutral
• Lowe’s, American Tower Corp, Bank of Montreal, AutoZone, Sempra, American Electric Power, Agilent Technologies, eBay, Axon Enterprise, J.M. Smucker, Jones Lang LaSalle, and Park Hotels & Resorts report earnings
• U.S. Conference Board consumer confidence for February
• Japan consumer price index (CPI) data for January
• Taiwan export orders

Wednesday 02/28:

• Salesforce, Royal Bank of Canada, TJX Companies, Snowflake, Monster Beverage, Baidu, HP Inc, Vistra Corp, Paramount Global, and Icahn Enterprises report earnings
• U.S. GDP data – the second reading of Q4 2023 GDP is expected to remain steady at the annualized pace of 3.3% quarter-over-quarter
• Eurozone economic confidence and consumer confidence data for February

Thursday 02/29:

• MSCI index changes go into effect at the market close
• Anheuser-Busch Inbev SA, Toronto Dominion Bank, NetEase, Dell Technologies, Autodesk, Ambev, Hormel Foods Corp, and Six Flags Entertainment Corp report earnings
• U.S. initial jobless claims and continuing claims data
• U.S. personal income and spending data, which includes personal consumption expenditures (PCE)
• PCE is expected to have risen 0.3% month-over-month and 2.4% year-over-year in January
• Core PCE, which excludes volatile food and energy costs and is the Federal Reserve’s preferred inflation measure, is expected to have risen 0.4% month-over-month and 2.8% year-over-year
• Germany, France, and Spain report CPI data for February
• Canada, France, India, Sweden, Switzerland, and Taiwan report GDP data
• Japan industrial production and retail sales for January

Friday 03/01:

• U.S. House funding bill deadline to avert a government shutdown
• Congress previously passed a temporary spending bill in January
• U.S. University of Michigan consumer sentiment
• U.S. light vehicle sales data for February
• S&P Global Manufacturing PMI data for the U.S., Eurozone, U.K., Germany, France, and India
• China Caixin Manufacturing PMI for February
• Hong Kong retail sales for January
• Italy CPI and unemployment data
• Japan unemployment data for January
• Macau Q4 2023 GDP data and February 2024 casino revenue