{"id":60263,"date":"2022-03-09T08:57:01","date_gmt":"2022-03-09T13:57:01","guid":{"rendered":"https:\/\/www.t3live.com\/blog\/?p=60263"},"modified":"2022-03-09T08:57:23","modified_gmt":"2022-03-09T13:57:23","slug":"coffee-with-greta-oil-slips-markets-rally","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2022\/03\/09\/coffee-with-greta-oil-slips-markets-rally\/","title":{"rendered":"Coffee With Greta: Oil Slips, Stocks Rally"},"content":{"rendered":"

Editor's Note:<\/strong> Coffee With Greta is a FREE morning update from our newest contributor Greta Wall. Want to get it by email every day? Click here<\/span><\/a><\/strong>.<\/p>\n

********<\/p>\n

DJIA Futures: <\/b>+570 (+1.8%)<\/span><\/p>\n

SPX Futures: <\/b>+80 (+1.9%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+320 (+2.4%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are higher as commodity prices take a breather.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Oil Prices Cool Down<\/strong><\/h2>\n

Oil prices are falling as the market assesses the impact of the U.S. ban on Russian oil.<\/span><\/p>\n

The U.S. banned all Russian energy imports Tuesday.<\/span><\/p>\n

West Texas Intermediate crude futures are down more than 3% at just under $120 bbl while Brent crude futures have dropped 2.9% to $124 bbl.<\/span><\/p>\n

The head of the International Energy Agency said last week\u2019s decision to release 60 million barrels of oil reserves was \u201can initial response\u201d and more could be released if needed.<\/span><\/p>\n

Other commodity prices are also taking a breather after surging for the past week.\u00a0<\/span><\/p>\n

Wheat futures are down 2.8% to $12.86 per bushel.<\/span><\/p>\n

Russia also announced a ceasefire in Ukraine today, allowing civilians to flee the country.<\/p>\n

Crypto Rallies on Executive Order<\/strong><\/h2>\n

Cryptocurrencies are rallying today after President Biden announced an executive order on digital assets.\u00a0<\/span><\/p>\n

Bitcoin <\/b>is up 8% to $42,025 with <\/span>Ethereum <\/b>rising 6.2% to $2,740.<\/span><\/p>\n

The global crypto market cap is up 6.5% to $1.92 trillion.<\/span><\/p>\n

Biden\u2019s executive order aims to make sure the U.S. crypto industry is not left behind.<\/span><\/p>\n

It says, \u201cThe United States must maintain technological leadership in this rapidly growing space, supporting innovation while mitigating the risks for consumers, businesses, the broader financial system, and the climate.\u201d<\/span><\/p>\n

It also directs the government to explore what\u2019s needed for a central bank digital currency.<\/span><\/p>\n

Campbell Soup Earnings Beat Expectations<\/strong><\/h2>\n

Campbell Soup <\/b>(CPB) shares are up 1% in premarket trade after beating fiscal Q2 profit expectations.\u00a0<\/span><\/p>\n

The company reported adjusted earnings of $0.70 per share on $2.21 billion in revenue.\u00a0<\/span><\/p>\n

That was compared to analysts\u2019 expectations for adjusted EPS of $0.68 on $2.22 billion in revenue.\u00a0<\/span><\/p>\n

Campbell Soup maintained its full-year guidance for earnings between $2.75 to $2.85 per share.\u00a0<\/span><\/p>\n

Bumble Surges Despite Q4 Miss<\/strong><\/h2>\n

Bumble <\/b>(BMBL) shares are surging 23.4% ahead of the open despite a wider-than-expected Q4 loss.\u00a0<\/span><\/p>\n

The online dating company announced a loss of $0.08 per share on $208.2 million in revenue.\u00a0<\/span><\/p>\n

That missed analysts\u2019 expectations for a per share loss of $0.02 on $209.6 million in revenue.<\/span><\/p>\n

Total paying users rose 10.6% year-over-year to 3 million with average revenue per user jumping $2.81 to $22.83.<\/span><\/p>\n

Bumble forecast Q1 revenue between $207 million and $210 million with full-year revenue between $934 million and $944 million.<\/span><\/p>\n

Analysts were expecting $939.1 million for full-year revenue.<\/span><\/p>\n

Stitch Fix Slashes Guidance<\/strong><\/h2>\n

Stitch Fix <\/b>(SFIX) shares are tumbling 21.6% in premarket trade after the company cut its full-year guidance.\u00a0<\/span><\/p>\n

Stitch Fix reported a fiscal Q2 loss of $0.28 on $516.7 million in revenue.\u00a0<\/span><\/p>\n

Analysts were expecting a loss of $0.28 per share on $514.8 million in revenue.\u00a0<\/span><\/p>\n

But the company expects revenue to fall in fiscal Q3.\u00a0<\/span><\/p>\n

Stitch Fix forecast net revenue between $485 to $500 million this quarter, which would be down as much as 10% year-over-year.\u00a0<\/span><\/p>\n

The company also lowered its full-year guidance, expecting revenue to be flat or slightly lower compared to fiscal 2021.<\/span><\/p>\n

JOLTS Preview<\/strong><\/h2>\n

The Labor Department releases its January Job Openings and Labor Turnover Survey or JOLTS at 10:00 a.m. ET.<\/span><\/p>\n

The survey is expected to show the number of available jobs at the start of 2022 rose to 11 million from 10.9 million in December.\u00a0<\/span><\/p>\n

That\u2019s still outpacing the estimated 7.2 million people who were unemployed in January.\u00a0<\/span><\/p>\n

U.S. businesses have struggled to fill open positions as the economy reopens.\u00a0<\/span><\/p>\n

In Case You Missed It<\/span><\/h2>\n
    \n
  • Apple <\/b>(AAPL) unveiled several new products at its spring launch event Tuesday. Those include a new low-cost iPhone, new colors for the iPhone 13 and 13 Pro, a new iPad Air, a new Mac Studio computer, and a new Studio Display monitor. The new iPhone SE costs $429. It has 5G capability and Apple\u2019s A15 processor.<\/span><\/li>\n<\/ul>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    Editor’s Note: Coffee With Greta is a FREE morning update from our newest contributor Greta Wall. Want to get it by email every day? Click here. ******** DJIA Futures: +570 (+1.8%) SPX Futures: +80 (+1.9%) NASDAQ Futures: +320 (+2.4%) Good morning friends! Futures are higher as commodity prices take a breather. Let\u2019s get right to it! Oil Prices Cool Down Oil prices are falling as the market assesses the impact of the U.S. ban on Russian oil. The U.S. banned all Russian energy imports Tuesday. West Texas Intermediate crude futures are down more than 3% at just under $120 bbl while Brent crude futures have dropped 2.9% to $124 bbl. The head of the International Energy Agency said last week\u2019s decision to release 60 million barrels of oil reserves was \u201can initial response\u201d and more could be released if needed. Other commodity prices are also taking a breather after surging for the past week.\u00a0 Wheat futures are down 2.8% to $12.86 per bushel. Russia also announced a ceasefire in Ukraine today, allowing civilians to flee the country. Crypto Rallies on Executive Order Cryptocurrencies are rallying today after President Biden announced an executive order on digital assets.\u00a0 Bitcoin is up 8% to $42,025 with Ethereum rising 6.2% to $2,740. The global crypto market cap is up 6.5% to $1.92 trillion. Biden\u2019s executive order aims to make sure the U.S. crypto industry is not left behind. It says, \u201cThe United States must maintain technological leadership in this rapidly growing space, supporting innovation while mitigating the risks for consumers, businesses, the broader financial system, and the climate.\u201d It also directs the government to explore what\u2019s needed for a central bank digital currency. Campbell Soup Earnings Beat Expectations Campbell Soup (CPB) shares are up 1% in premarket trade after beating fiscal Q2 profit expectations.\u00a0 The company reported adjusted earnings of $0.70 per share on $2.21 billion in revenue.\u00a0 That was compared to analysts\u2019 expectations for adjusted EPS of $0.68 on $2.22 billion in revenue.\u00a0 Campbell Soup maintained its full-year guidance for earnings between $2.75 to $2.85 per share.\u00a0 Bumble Surges Despite Q4 Miss Bumble (BMBL) shares are surging 23.4% ahead of the open despite a wider-than-expected Q4 loss.\u00a0 The online dating company announced a loss of $0.08 per share on $208.2 million in revenue.\u00a0 That missed analysts\u2019 expectations for a per share loss of $0.02 on $209.6 million in revenue. Total paying users rose 10.6% year-over-year to 3 million with average revenue per user jumping $2.81 to $22.83. Bumble forecast Q1 revenue between $207 million and $210 million with full-year revenue between $934 million and $944 million. Analysts were expecting $939.1 million for full-year revenue. Stitch Fix Slashes Guidance Stitch Fix (SFIX) shares are tumbling 21.6% in premarket trade after the company cut its full-year guidance.\u00a0 Stitch Fix reported a fiscal Q2 loss of $0.28 on $516.7 million in revenue.\u00a0 Analysts were expecting a loss of $0.28 per share on $514.8 million in revenue.\u00a0 But the company expects revenue to fall in fiscal Q3.\u00a0 Stitch Fix forecast net revenue between $485 to $500 million this quarter, which would be down as much as 10% year-over-year.\u00a0 The company also lowered its full-year guidance, expecting revenue to be flat or slightly lower compared to fiscal 2021. JOLTS Preview The Labor Department releases its January Job Openings and Labor Turnover Survey or JOLTS at 10:00 a.m. ET. The survey is expected to show the number of available jobs at the start of 2022 rose to 11 million from 10.9 million in December.\u00a0 That\u2019s still outpacing the estimated 7.2 million people who were unemployed in January.\u00a0 U.S. businesses have struggled to fill open positions as the economy reopens.\u00a0 In Case You Missed It Apple (AAPL) unveiled several new products at its spring launch event Tuesday. Those include a new low-cost iPhone, new colors for the iPhone 13 and 13 Pro, a new iPad Air, a new Mac Studio computer, and a new Studio Display monitor. The new iPhone SE costs $429. It has 5G capability and Apple\u2019s A15 processor.  <\/p>\n","protected":false},"author":41,"featured_media":60265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-60263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/60263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=60263"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/60263\/revisions"}],"predecessor-version":[{"id":60266,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/60263\/revisions\/60266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/60265"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=60263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=60263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=60263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}