Walmart earnings, spending data, and more AI disruptions: What to watch this week<\/h2>\n\nYahoo Finance’s Jake Conley lays out the key events ahead for investors in a holiday-shortened week.<\/p>\n
He writes:<\/p>\n
Read more here<\/em> on what to look out for.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n
![\"Jenny](\"https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/Mu961r2aioIDU88sl1pWxA--~B\/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--\/https:\/\/o.aolcdn.com\/images\/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2024-10%252F82cf5f80-8bd8-11ef-babf-b4e662504245%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3Deba9c6bf409177b1a8c7fa8257231200b686e99c&compress=1&progressive=1&quality=75&client=hawkeye&signature=839dce8d897765d2f2bd1f7dbbf52134bb20dcb4\")
<\/div>\n<\/p><\/div>\n\n\n\nPremarket trending tickers: DTE Energy, Norwegian Cruise Line, and Strategy<\/h2>\n\nDTE Energy (<\/strong>DTE<\/strong>) <\/strong>stock rose as much as 10% before paring gains. The energy company is due to release its earnings before the bell today, and the stock has risen 13% over the past year.<\/p>\nNorwegian Cruise Line (<\/strong>NCLH<\/strong>) <\/strong>stock rose 7% during premarket trading on Tuesday after activist investor Elliott built a stake in the company.<\/p>\nStrategy (<\/strong>MSTR<\/strong>)<\/strong> stock fell 3% before the bell today. The company, which is one of the largest corporate holders of bitcoin, has been struggling recently due to the sell-off with the world’s largest cryptocurrency.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Stock pickers see their moment to shine in market\u2019s AI freak-out<\/h2>\n\nA growing number on Wall Street are assessing the recent AI sell-offs. And despite many fearing the bubble has burst, for stock pickers, now might be the time for them to get greedy.<\/p>\n
Bloomberg News reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n\n\n
Hapag-Lloyd buys ZIM in $4.2 billion deal, sending shipping rival’s shares soaring<\/h2>\n\nGermany’s Hapag-Lloyd (HLAG.DE, HPGLY) is buying ZIM Integrated Shipping Services in a deal worth $4.2 billion, bringing together two of the world’s biggest shipping lines.<\/p>\n
Shares of Israel-based ZIM rocketed over 35% higher in premarket trading, after the two companies confirmed the takeover on Monday.<\/p>\n
The Wall Street Journal reports:<\/p>\n
Read more here.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n
![\"Brian](\"https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/dv.VTTSch3jvXf1wCG7ZLg--~B\/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--\/https:\/\/o.aolcdn.com\/images\/dims?image_uri=https%3A%2F%2Fs.yimg.com%2Fos%2Fcreatr-uploaded-images%2F2024-04%2F41fcc720-f5a8-11ee-bbe2-e9cb8cdc4c82&compress=1&progressive=1&quality=75&client=hawkeye&signature=3e3930835cf0e3365df3a70c112b3755056f7bf7\")
<\/div>\n<\/p><\/div>\n\n\n\nQuick Take: BofA fund manager survey<\/h2>\n\nNothing like a BofA fund manager survey drop the day after a market holiday.<\/p>\n
Lots of great nuggets in the one out this morning, but the chart below stood out to me. So many on the Street I talk with expect a very robust economy this spring, in part because of expectations for a strong tax refund season.<\/p>\n
Goes a long way in explaining the hot small-caps trade.<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n
- \n\n\n\n\n
Masimo stock rockets higher as Danaher reportedly nears $10 billion deal<\/h2>\n\nMasimo (MASI) stock surged over 30% in premarket following a report that Danaher (DHR) is closing in on a deal to buy the medical technology company.<\/p>\n
The deal moves come two years after activist investor Politan succeeded in pushing through a change in Masimo’s board.<\/p>\n
It would be the biggest acquisition by Danaher in over half a decade, the Financial Times reported. Shares of the US life sciences manufacturer fell over 5% before the bell.<\/p>\n
The FT reports:<\/p>\n
Read more here<\/em> (premium subscribers)<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Activist Elliott builds stake in Norwegian Cruise Line<\/h2>\n\nNorwegian Cruise Line (NCLH) stock rose 6% before the bell on Tuesday following a report from The Wall Street Journal that activist investor Elliott has built a 10% stake in the company and plans to push for changes.<\/p>\n
Elliott has become one of the cruise line’s top investors and is keen to fix the company’s underperformance. Elliott has so far built stakes in Southwest Airlines (LUV), as well as oil refiner Phillips 66 (PSX) and Toyota Industries (TYIDY). According to The Wall Street Journal, Elliott has over $79 billion in assets under management and is concerned about Norwegian Cruise Line’s financial performance.<\/p>\n
The Wall Street Journal:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Reminder on Nvidia<\/h2>\n\nNvidia (NVDA) has a very high bar to clear to appease investors when it reports earnings on February 25.<\/p>\n
Citi this morning points to a few important things to keep in mind ahead of time:<\/p>\n
“Key Investor Topics \u2014<\/strong> a) Higher component costs impact to expected mid 70s percentage gross margins; b) updates on Anthropic\/OpenAI investments; c) inference competition, and d) impact of the Groq licensing agreement on Nvidia’s product roadmap.”<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n\n\n
Dollar gains as traders question pricing for three Fed rate cuts<\/h2>\n\nFrom Bloomberg:<\/p>\n
The dollar (DX-Y.NYB) is edging higher for a second day, shrugging off market pricing that implies roughly three Federal Reserve interest-rate cuts this year.<\/p>\n
The Bloomberg Dollar Spot Index rose 0.1% even as the yen strengthened about 0.4%, with declines for other currencies in the basket keeping the gauge higher.<\/p>\n
Options markets indicate near-term bearishness on the greenback has eased, with so-called front-end risk reversals at their least negative in almost a month.<\/p>\n
Money markets are still pricing about 64 basis points of Fed cuts by year-end. Some strategists argue that is overdone as three cuts may be more than the data justify, leaving the market vulnerable to a dollar rebound.<\/p>\n
\u201cFed funds rate-cut bets look stretched, leaving room for a near-term USD-positive repricing,\u201d said Elias Haddad, global head of markets strategy at Brown Brothers Harriman, citing resilient growth and underlying inflation that has stalled above the Fed\u2019s 2% target.<\/p>\n
Read more here<\/em>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n
Yahoo Finance’s Jake Conley lays out the key events ahead for investors in a holiday-shortened week.<\/p>\n
He writes:<\/p>\n
Read more here<\/em> on what to look out for.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n DTE Energy (<\/strong>DTE<\/strong>) <\/strong>stock rose as much as 10% before paring gains. The energy company is due to release its earnings before the bell today, and the stock has risen 13% over the past year.<\/p>\n Norwegian Cruise Line (<\/strong>NCLH<\/strong>) <\/strong>stock rose 7% during premarket trading on Tuesday after activist investor Elliott built a stake in the company.<\/p>\n Strategy (<\/strong>MSTR<\/strong>)<\/strong> stock fell 3% before the bell today. The company, which is one of the largest corporate holders of bitcoin, has been struggling recently due to the sell-off with the world’s largest cryptocurrency.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n A growing number on Wall Street are assessing the recent AI sell-offs. And despite many fearing the bubble has burst, for stock pickers, now might be the time for them to get greedy.<\/p>\n Bloomberg News reports:<\/p>\n Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Germany’s Hapag-Lloyd (HLAG.DE, HPGLY) is buying ZIM Integrated Shipping Services in a deal worth $4.2 billion, bringing together two of the world’s biggest shipping lines.<\/p>\n Shares of Israel-based ZIM rocketed over 35% higher in premarket trading, after the two companies confirmed the takeover on Monday.<\/p>\n The Wall Street Journal reports:<\/p>\n Read more here.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Nothing like a BofA fund manager survey drop the day after a market holiday.<\/p>\n Lots of great nuggets in the one out this morning, but the chart below stood out to me. So many on the Street I talk with expect a very robust economy this spring, in part because of expectations for a strong tax refund season.<\/p>\n Goes a long way in explaining the hot small-caps trade.<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Masimo (MASI) stock surged over 30% in premarket following a report that Danaher (DHR) is closing in on a deal to buy the medical technology company.<\/p>\n The deal moves come two years after activist investor Politan succeeded in pushing through a change in Masimo’s board.<\/p>\n It would be the biggest acquisition by Danaher in over half a decade, the Financial Times reported. Shares of the US life sciences manufacturer fell over 5% before the bell.<\/p>\n The FT reports:<\/p>\n Read more here<\/em> (premium subscribers)<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Norwegian Cruise Line (NCLH) stock rose 6% before the bell on Tuesday following a report from The Wall Street Journal that activist investor Elliott has built a 10% stake in the company and plans to push for changes.<\/p>\n Elliott has become one of the cruise line’s top investors and is keen to fix the company’s underperformance. Elliott has so far built stakes in Southwest Airlines (LUV), as well as oil refiner Phillips 66 (PSX) and Toyota Industries (TYIDY). According to The Wall Street Journal, Elliott has over $79 billion in assets under management and is concerned about Norwegian Cruise Line’s financial performance.<\/p>\n The Wall Street Journal:<\/p>\n Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Nvidia (NVDA) has a very high bar to clear to appease investors when it reports earnings on February 25.<\/p>\n Citi this morning points to a few important things to keep in mind ahead of time:<\/p>\n “Key Investor Topics \u2014<\/strong> a) Higher component costs impact to expected mid 70s percentage gross margins; b) updates on Anthropic\/OpenAI investments; c) inference competition, and d) impact of the Groq licensing agreement on Nvidia’s product roadmap.”<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n From Bloomberg:<\/p>\n The dollar (DX-Y.NYB) is edging higher for a second day, shrugging off market pricing that implies roughly three Federal Reserve interest-rate cuts this year.<\/p>\n The Bloomberg Dollar Spot Index rose 0.1% even as the yen strengthened about 0.4%, with declines for other currencies in the basket keeping the gauge higher.<\/p>\n Options markets indicate near-term bearishness on the greenback has eased, with so-called front-end risk reversals at their least negative in almost a month.<\/p>\n Money markets are still pricing about 64 basis points of Fed cuts by year-end. Some strategists argue that is overdone as three cuts may be more than the data justify, leaving the market vulnerable to a dollar rebound.<\/p>\n \u201cFed funds rate-cut bets look stretched, leaving room for a near-term USD-positive repricing,\u201d said Elias Haddad, global head of markets strategy at Brown Brothers Harriman, citing resilient growth and underlying inflation that has stalled above the Fed\u2019s 2% target.<\/p>\n Read more here<\/em>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/div>\n<\/p><\/div>\n
Premarket trending tickers: DTE Energy, Norwegian Cruise Line, and Strategy<\/h2>\n
<\/div>\n<\/p><\/div>\n
Stock pickers see their moment to shine in market\u2019s AI freak-out<\/h2>\n
Hapag-Lloyd buys ZIM in $4.2 billion deal, sending shipping rival’s shares soaring<\/h2>\n
<\/div>\n<\/p><\/div>\n
Quick Take: BofA fund manager survey<\/h2>\n
Masimo stock rockets higher as Danaher reportedly nears $10 billion deal<\/h2>\n
<\/div>\n<\/p><\/div>\n
Activist Elliott builds stake in Norwegian Cruise Line<\/h2>\n
<\/div>\n<\/p><\/div>\n
Reminder on Nvidia<\/h2>\n
Dollar gains as traders question pricing for three Fed rate cuts<\/h2>\n