Coffee With Greta: Awaiting Key Data Ahead


DJIA Futures: +6 (+0.02%)

SPX Futures: +3 (+0.1%)

NASDAQ Futures: +23 (+0.1%)

Good morning friends!

Futures are higher but flat as traders digest last week’s record-breaking moves and look ahead to key inflation data this week.

Let’s get right to it!

New Week

Traders will get a quieter start to the week before some important economic data is released in the days ahead. 

The Census Bureau reports new home sales for January at 10:00 a.m. ET today.

Tuesday’s data includes durable and core durable goods orders, plus the S&P Case-Shiller home price index before the market open followed by the Conference Board’s consumer confidence index at 10:00 a.m. ET.

On Wednesday, traders will get the first revision of Q4 GDP, advanced goods trade balance, advanced retail inventories, and advanced wholesale inventories all at 8:30 a.m. ET. 

Thursday is the busiest day with weekly jobless claims, the PCE and core PCE price index, personal income, and personal spending at 8:30 a.m. ET. 

The core PCE price index is the Fed’s preferred inflation gauge. 

Then the National Association of Realtors reports pending home sales for January at 10:00 a.m. ET. 

Friday closes out the week with the S&P manufacturing PMI, ISM manufacturing PMI, construction spending, and revised consumer sentiment. 

There are several Fed speakers scheduled on Wednesday, Thursday, and Friday as well.

Domino’s Jumps On Profit Beat

Domino’s Pizza (DPS) shares are up 6.7% ahead of the open after beating Q4 profit expectations.

Here’s how the pizza chain’s results compared to analysts’ estimates:

  • EPS: $4.48 vs $4.38 expected
  • Revenue: $1.40 billion vs $1.42 billion expected

Same-store sales in the U.S. grew 2.8% year over year vs 2.2% growth expected. 

The company said its board of directors approved a 25% increase to its quarterly dividend on February 21. 

The $1.51 per share dividend will be paid on March 29 to shareholders of record as of March 15.

Domino’s also announced a $1 billion buyback, increasing its total authorization for repurchases to $1.14 billion.

Amazon Joins The DJIA

Amazon (AMZN) shares are up 0.7% in premarket trade as the mega-cap tech stock is set to join the Dow Jones Industrial Average today. 

Amazon will replace Walgreens Boots Alliance (WBA) on the blue-chip index. 

The e-commerce giant will increase the 30-stock Dow’s exposure to the tech and consumer retail sectors.

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