Calendar:

• Today, 2/21: Minutes of Fed’s January FOMC meeting, 2:00p ET

  • Nvidia (NVDA) earnings call, 5:00p ET

BEFORE THE OPEN

Pre-Market:

Market Recap:

• Stock futures down: Nasdaq 100 -0.2%, Dow -0.06%, S&P 500 -0.1%.

• After-hours movers: Palo Alto Networks -20%, SolarEdge -10%.

• Tech drag: Nasdaq -0.92%, S&P 500 -0.6%, Dow -0.17%.

• Nvidia slide: -4% ahead of earnings today (after the bell)

• Fed minutes: Rate stance after economic data.

• Today’s earnings: HSBC, Wingstop, Analog Devices, Etsy.

EARNINGS

What we’re watching this week:

• Today: Etsy (ETSY)

  • Nvidia (NVDA) - expected: $4.56 per share, up from 88 cents the year prior. Revenue is forecast to jump to $20.4B from last year's $6.1B.

• Thursday: Intuit (INTU), Live Nation (LYV), Moderna (MRNA), Wayfair (W)

• Friday: Warner Bros. Discovery (WBD)

Full earnings calendar here

HEADLINES

Walmart to Buy TV maker Vizio for $2.3B in Move to Grow Its Ad Business

Neuralink's First Human Patient Able to Control Mouse Through Thinking

• Hot data is churning the economic waters for the Fed (more)

• White House to weaken climate-fighting fuel efficiency targets for 2030 (more)

• Interest costs on US national debt to exceed defense spending this year (more)

• US sanctions LockBit members after ransomware takedown (more)

• Barclays CEO looks to placate investors with strategy tweaks (more)

• Home Depot forecasts a weak 2024 (more)

• Palo Alto Networks plunges after cutting revenue forecast (more)

• Amazon to join Dow Jones Industrial Average next week (more)

• American Airlines raising checked bag fees (more)

• Ford cuts prices of electric Mustang Mach-E by up to $8,100 (more)

• FuboTV files antitrust lawsuit to block Disney, Fox, Warner sports streaming deal (more)

• 21 Starbucks stores plan to form unions In 1-day blitz (more)

• Five moves Walmart is making to overhaul its business for the future (more)

• YouTube dominates TV streaming in U.S., per Nielsen’s latest report (more)

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DEALFLOW

M+A | Investments

• Advent, Blackstone among firms circling $20B Sanofi arm (more)

• Australia's Orica seals $640M deal to buy US chemical firm Cyanco (more)

• Universal Music buys $240M stake in The Weeknd, John Legend catalog (more)

• Motorola Solutions (MSI), acquired Silent Sentinel, a provider of specialized, long-range cameras (more)

• Yuga Labs, a web3 lifestyle and media company, acquired Proof Holdings, Inc., a provider of a digital art platform and art collector community (more)

• ABB purchases SEAM Group from Align (more)

• PE-backed Delta Utilities buys CenterPoint’s Lousiana and Mississippi natural gas distribution operations (more)

• Marsh McLennan Agency acquires Querbes & Nelson and Lousiana Companies (more)

• PE-backed Accordion purchases OperationsRx (more)

• S&P Global buys Visible Alpha (more)

• Kinzie acquires Arctic Industries (more)

• TA, Five Arrows invest in Agilio Software (more)

• ATL-backed Aero Accessories purchases AOG (more)

• Stone Point, CD&R buy stake in Truist Insurance Holdings (more)

VC

• Ascend Elements, a provider of sustainable, closed-loop battery materials solutions, raised additional $162M in funding (more)

• Recogni, an AI-based computing company, raised $102M in Series C funding (more)

• Reprieve Cardiovascular, a company focused on an intelligent fluid management approach for acute decompensated heart failure treatment, raised $42M in Series A funding (more)

• Niron Magnetics, a provider of rare earth-free permanent magnets, raised $25M in funding (more)

• Trace Genomics, a company specializing in DNA-based soil intelligence, raised $10.5M in Series B funding (more)

• 9amHealth, a virtual provider of cardiometabolic health care, raised $9.5M in Series A extension funding (more)

• Pulsate, a provider of mobile-first engagement solutions, raised $7.75M in Series A Funding (more)

• EngineEars, a music tech startup, raised $7.5M in Seed funding (more)

• UnityAI, a healthcare technology startup, raised $4M in seed funding to date (more)

• Device Authority, a company specializing in identity/access management for Enterprise IoT ecosystems, raised further $2M in funding (more)

• University Medical Devices (UMD), a medical device developer, raised $1.6M in Seed funding (more)

CRYPTO

• Ether could be the next 'institutional darling,' Bernstein says (more)

• Bitcoin steady over $52K;traders target $55K in short-term (more)

• Japan moves to allow investment funds to hold crypto (more)

BULLISH BITES

📺 Watch: The Boston Billionaire bringing AI and robots to construction sites.

💼 Rejection? Your résumé might be getting tossed by AI. How to push back.

📉 Stakes: SoftBank’s $118 Billion Arm problem.

🫣 Viral: Zuck got meme’d when he showed up to support UFC fighter... awkward.

💊 Featured: The World's First "$20 Trillion Drug"? (Behind the Markets)

DAILY SHARES

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