{"id":66376,"date":"2023-02-21T09:08:37","date_gmt":"2023-02-21T14:08:37","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=66376"},"modified":"2023-02-21T09:08:37","modified_gmt":"2023-02-21T14:08:37","slug":"coffee-with-greta-traders-on-edge","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/02\/21\/coffee-with-greta-traders-on-edge\/","title":{"rendered":"Coffee With Greta: Traders On Edge"},"content":{"rendered":"

DJIA Futures: <\/b>-339 (-1%)<\/span><\/p>\n

SPX Futures: <\/b>-39 (-0.9%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-149 (-1.2%)<\/span><\/p>\n

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

Futures are falling as traders remain on edge about inflation and digest some disappointing corporate guidance.<\/span><\/p>\n

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

Yields Climb As New Week Kicks Off<\/span><\/h2>\n

Treasury yields are climbing this morning as a new week kicks off with traders worried about inflation.\u00a0<\/span><\/p>\n

The 2-year yield is up 6 basis points to 4.69% while the 10-year yield is up 8 basis points to 3.90%.\u00a0<\/span><\/p>\n

The market will get more details on the Fed\u2019s latest meeting and future plans later this week.\u00a0<\/span><\/p>\n

The central bank is set to release the minutes of its February 1 meeting on Wednesday afternoon.\u00a0<\/span><\/p>\n

The Fed\u2019s favorite inflation gauge, the PCE price index, will also come out on Friday morning.<\/span><\/p>\n

That data comes after both the CPI and PPI rose more than expected in January.\u00a0<\/span><\/p>\n

Walmart Slides On Weak Outlook<\/span><\/h2>\n

Walmart <\/b>(WMT) shares are falling 2.7% in premarket trade after beating Q4 expectations but issuing weak guidance.\u00a0<\/span><\/p>\n

Here\u2019s how the retailer\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $1.71 vs $1.51 expected<\/span><\/li>\n
  • Revenue: $164.05 billion vs $159.72 billion expected<\/span><\/li>\n<\/ul>\n

    Revenue rose 7.3% year over year while same-store sales in the U.S. jumped 8.3%.\u00a0<\/span><\/p>\n

    Walmart also made progress on getting rid of inventory with levels roughly flat compared to a year ago and down 3% in the U.S.\u00a0<\/span><\/p>\n

    But the company issued soft guidance as it expects inflation to continue pressuring consumers this year.<\/span><\/p>\n

    Walmart forecast full-year adjusted EPS between $5.90 and $6.05 vs analysts\u2019 estimates of $6.53.\u00a0<\/span><\/p>\n

    The CEO said, \u201cIf you look at economic indicators, balance sheets are running thinner and savings rates are declining relative to previous periods. And so that\u2019s why we take a pretty cautious outlook on the rest of the year.\u201d<\/span><\/p>\n

    Home Depot Drops After Revenue Miss, Weak Guidance<\/span><\/h2>\n

    Home Depot <\/b>(HD) shares are down 4.4% in premarket trade after reporting mixed Q4 results and issuing a weak outlook.<\/span><\/p>\n

    Here\u2019s how the home improvement retailer\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • EPS: $3.30 vs $3.28 expected<\/span><\/li>\n
    • Revenue: $35.83 billion vs $35.97 billion expected<\/span><\/li>\n<\/ul>\n

      It was the first time Home Depot has missed sales expectations since November 2019.\u00a0<\/span><\/p>\n

      The company attributed that miss to lower lumber prices which impacted comparable sales by 0.7%.\u00a0<\/span><\/p>\n

      Home Depot said it expects earnings per share to decline by a mid-single-digit percentage this year, falling short of analysts\u2019 expectations for EPS to be flat.\u00a0<\/span><\/p>\n

      The company also expects full-year sales to be flat vs analysts\u2019 projections for a slight increase.\u00a0<\/span><\/p>\n

      Home Depot also announced it will spend $1 billion to give hourly workers a raise.\u00a0\u00a0<\/span><\/p>\n

      Existing Home Sales Expected To Rise<\/span><\/h2>\n

      The National Association of Realtors reports January existing home sales at 10:00 a.m. ET.\u00a0<\/span><\/p>\n

      That data is expected to show sales rose at the start of the year to a seasonally adjusted annual rate of 4.12 million units.\u00a0<\/span><\/p>\n

      It would be the first monthly increase in sales in 11 months.<\/span><\/p>\n

      That expectation comes after pending home sales rose 2.5% in December.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

      DJIA Futures: -339 (-1%) SPX Futures: -39 (-0.9%) NASDAQ Futures: -149 (-1.2%) Good morning friends! Futures are falling as traders remain on edge about inflation and digest some disappointing corporate guidance. Let\u2019s get right to it! Yields Climb As New Week Kicks Off Treasury yields are climbing this morning as a new week kicks off with traders worried about inflation.\u00a0 The 2-year yield is up 6 basis points to 4.69% while the 10-year yield is up 8 basis points to 3.90%.\u00a0 The market will get more details on the Fed\u2019s latest meeting and future plans later this week.\u00a0 The central bank is set to release the minutes of its February 1 meeting on Wednesday afternoon.\u00a0 The Fed\u2019s favorite inflation gauge, the PCE price index, will also come out on Friday morning. That data comes after both the CPI and PPI rose more than expected in January.\u00a0 Walmart Slides On Weak Outlook Walmart (WMT) shares are falling 2.7% in premarket trade after beating Q4 expectations but issuing weak guidance.\u00a0 Here\u2019s how the retailer\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $1.71 vs $1.51 expected Revenue: $164.05 billion vs $159.72 billion expected Revenue rose 7.3% year over year while same-store sales in the U.S. jumped 8.3%.\u00a0 Walmart also made progress on getting rid of inventory with levels roughly flat compared to a year ago and down 3% in the U.S.\u00a0 But the company issued soft guidance as it expects inflation to continue pressuring consumers this year. Walmart forecast full-year adjusted EPS between $5.90 and $6.05 vs analysts\u2019 estimates of $6.53.\u00a0 The CEO said, \u201cIf you look at economic indicators, balance sheets are running thinner and savings rates are declining relative to previous periods. And so that\u2019s why we take a pretty cautious outlook on the rest of the year.\u201d Home Depot Drops After Revenue Miss, Weak Guidance Home Depot (HD) shares are down 4.4% in premarket trade after reporting mixed Q4 results and issuing a weak outlook. Here\u2019s how the home improvement retailer\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $3.30 vs $3.28 expected Revenue: $35.83 billion vs $35.97 billion expected It was the first time Home Depot has missed sales expectations since November 2019.\u00a0 The company attributed that miss to lower lumber prices which impacted comparable sales by 0.7%.\u00a0 Home Depot said it expects earnings per share to decline by a mid-single-digit percentage this year, falling short of analysts\u2019 expectations for EPS to be flat.\u00a0 The company also expects full-year sales to be flat vs analysts\u2019 projections for a slight increase.\u00a0 Home Depot also announced it will spend $1 billion to give hourly workers a raise.\u00a0\u00a0 Existing Home Sales Expected To Rise The National Association of Realtors reports January existing home sales at 10:00 a.m. ET.\u00a0 That data is expected to show sales rose at the start of the year to a seasonally adjusted annual rate of 4.12 million units.\u00a0 It would be the first monthly increase in sales in 11 months. That expectation comes after pending home sales rose 2.5% in December.<\/p>\n","protected":false},"author":41,"featured_media":66382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-66376","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\/66376","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=66376"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66376\/revisions"}],"predecessor-version":[{"id":66384,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66376\/revisions\/66384"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/66382"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=66376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=66376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=66376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}