{"id":74014,"date":"2024-03-13T09:06:57","date_gmt":"2024-03-13T13:06:57","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=74014"},"modified":"2024-03-13T09:06:57","modified_gmt":"2024-03-13T13:06:57","slug":"coffee-with-greta-record-territory","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/03\/13\/coffee-with-greta-record-territory\/","title":{"rendered":"Coffee With Greta: Record Territory"},"content":{"rendered":"

DJIA Futures: <\/b>+35 (+0.1%)<\/span><\/p>\n

SPX Futures: <\/b>-3 (-0.1%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-60 (-0.3%)<\/span><\/p>\n

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

Futures are mixed after the <\/span>S&P 500 <\/b>closed at a new record high on Tuesday.\u00a0<\/span><\/p>\n

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

S&P Notches Fresh Record<\/span><\/h2>\n

The <\/span>S&P 500 <\/b>notched a new record close on Tuesday as the market bounced back from recent weakness.\u00a0<\/span><\/p>\n

The blue-chip index rose 1.1% to close at 5,175.27.<\/span><\/p>\n

The rally came after inflation data was relatively in line with expectations, keeping the market\u2019s hopes alive for a rate cut in June.\u00a0<\/span><\/p>\n

Nvidia <\/b>(NVDA) remained the market leader on Tuesday with the stock surging 7.2% to $919.13 at the close.\u00a0<\/span><\/p>\n

Dollar Tree Drops On Disappointing Earnings<\/span><\/h2>\n

Dollar Tree <\/b>(DLTR) shares are down 8% ahead of the open after missing Q4 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

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

    \n
  • Adjusted EPS: $2.55 vs $2.66 expected<\/span><\/li>\n
  • Revenue: $8.63 billion vs $8.67 billion expected<\/span><\/li>\n<\/ul>\n

    The company also said it plans to close 600 Family Dollar locations in the first half of this year plus an additional 370 Family Dollar and 30 Dollar Tree stores over the next several years.<\/span><\/p>\n

    Same-store sales across both store brands increased 3% year over year last quarter vs 2.8% expected.\u00a0<\/span><\/p>\n

    But Family Dollar same-store sales dropped 1.2% vs the 0.5% decline expected.\u00a0<\/span><\/p>\n

    Dollar Tree forecast Q1 EPS between $1.33 and $1.48 vs $1.70 expected.\u00a0<\/span><\/p>\n

    For the full year, the company expects EPS between $6.70 and $7.30 vs $7.04 expected.\u00a0<\/span><\/p>\n

    Bitcoin Continues Record Climb<\/span><\/h2>\n

    Crypto-related stocks are climbing in premarket trade as bitcoin climbs to a fresh record-high.\u00a0<\/span><\/p>\n

    MicroStrategy <\/b>(MSTR) shares are up 3.7%, <\/span>Riot Platforms <\/b>(RIOT) shares are 1.1% higher, and <\/span>Marathon Digital <\/b>(MARA) shares are up 0.3% higher.<\/span><\/p>\n

    Bitcoin is currently above $73,000 after climbing above that mark for the first time ever earlier this morning.\u00a0<\/span><\/p>\n

    The coin has been on a massive rally in recent weeks.<\/span><\/p>\n

    Mortgage Demand Rises<\/span><\/h2>\n

    Mortgage demand jumped again last week as rates fell below 7%.\u00a0<\/span><\/p>\n

    The Mortgage Bankers Association reported total application volume rose 7.1% from the previous week.\u00a0<\/span><\/p>\n

    Purchase applications rose 5% weekly but were still down 11% year over year.\u00a0<\/span><\/p>\n

    Refinance applications jumped 12% weekly and 5% annually.\u00a0<\/span><\/p>\n

    The increase came as the average 30-year fixed contract rate decreased to 6.84% from 7.02%.\u00a0<\/span><\/p>\n

    Rates have moved higher this week with the latest quote from Mortgage News Daily showing an average of 6.94%.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    DJIA Futures: +35 (+0.1%) SPX Futures: -3 (-0.1%) NASDAQ Futures: -60 (-0.3%) Good morning friends! Futures are mixed after the S&P 500 closed at a new record high on Tuesday.\u00a0 Let\u2019s get right to it! S&P Notches Fresh Record The S&P 500 notched a new record close on Tuesday as the market bounced back from recent weakness.\u00a0 The blue-chip index rose 1.1% to close at 5,175.27. The rally came after inflation data was relatively in line with expectations, keeping the market\u2019s hopes alive for a rate cut in June.\u00a0 Nvidia (NVDA) remained the market leader on Tuesday with the stock surging 7.2% to $919.13 at the close.\u00a0 Dollar Tree Drops On Disappointing Earnings Dollar Tree (DLTR) shares are down 8% ahead of the open after missing Q4 expectations on the top and bottom line.\u00a0 Here\u2019s how the discount retailer\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $2.55 vs $2.66 expected Revenue: $8.63 billion vs $8.67 billion expected The company also said it plans to close 600 Family Dollar locations in the first half of this year plus an additional 370 Family Dollar and 30 Dollar Tree stores over the next several years. Same-store sales across both store brands increased 3% year over year last quarter vs 2.8% expected.\u00a0 But Family Dollar same-store sales dropped 1.2% vs the 0.5% decline expected.\u00a0 Dollar Tree forecast Q1 EPS between $1.33 and $1.48 vs $1.70 expected.\u00a0 For the full year, the company expects EPS between $6.70 and $7.30 vs $7.04 expected.\u00a0 Bitcoin Continues Record Climb Crypto-related stocks are climbing in premarket trade as bitcoin climbs to a fresh record-high.\u00a0 MicroStrategy (MSTR) shares are up 3.7%, Riot Platforms (RIOT) shares are 1.1% higher, and Marathon Digital (MARA) shares are up 0.3% higher. Bitcoin is currently above $73,000 after climbing above that mark for the first time ever earlier this morning.\u00a0 The coin has been on a massive rally in recent weeks. Mortgage Demand Rises Mortgage demand jumped again last week as rates fell below 7%.\u00a0 The Mortgage Bankers Association reported total application volume rose 7.1% from the previous week.\u00a0 Purchase applications rose 5% weekly but were still down 11% year over year.\u00a0 Refinance applications jumped 12% weekly and 5% annually.\u00a0 The increase came as the average 30-year fixed contract rate decreased to 6.84% from 7.02%.\u00a0 Rates have moved higher this week with the latest quote from Mortgage News Daily showing an average of 6.94%.<\/p>\n","protected":false},"author":41,"featured_media":74017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-74014","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\/74014","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=74014"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/74014\/revisions"}],"predecessor-version":[{"id":74018,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/74014\/revisions\/74018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/74017"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=74014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=74014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=74014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}