Welcome Back,

Market Headlines 👀 

• US President Biden proposes a new tax credit for first time new homeowners which will give them $5,000 credit.

• US Bill to ban TikTok reaches the House again with bipartisan support.

• US weekly jobless claims come in at 217k for the week.

• US stock markets continue to rally as S&P 500 and Nasdaq hit new all time highs today.

• Microsoft (MSFT) announces event for Surface and new AI products for March 21st.

• Meta Platforms (META) company said they are working on a massive AI model to power its entire video eco-system.

• Rivian Automative (RIVN) announces new lineup with R2 and R3 SUVs and announce they will no longer build a $2.5b factory in GA.

• Astra Space (ASTR) announces the company will go private at 0.50c a share.

Earnings 💸

• Costco (COST)

  • EPS: $3.92 beats (exp. $3.64)

  • Revenue: $58.4b misses (exp. $59.1b)

• Broadcomm (AVGO)

  • EPS: $10.99 beats (exp. $10.42)

  • Revenue: $11.96b beats (exp. $11.7b)

• Marvell Technologies (MRVL)

  • EPS: $0.46 meets (exp. $0.46)

  • Revenue: $1.43b beats (exp. $1.42b)

• MongoDb (MDB)

  • EPS: $0.86 beats (exp. $0.48)

  • Revenue: $458m beats (exp. $435.6m)

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Market keeps climbing as long as earnings growth keeps climbing and the soft landing narrative remains in tact. Keep an eye on the yield curve though. Deep inversion may indicate the Fed is too restrictive. (Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

Market Preview 🎞️

• Friday, March 8th: US employment report

Enjoy reading?👇

That’s all for this week, folks! We’ll be back around the same time Monday with a curated list of important news, economic data and market highlights. 

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