Welcome Back,

Market Headlines 👀 

• US President Biden unveils a $7.3t budget proposal for the next fiscal year including increasing taxes.

• US President Biden says he will sign the bill to ban TikTok if it reaches his desk.

• MicroStrategy (MSTR) acquires 12,000 more BTC using convertible notes.

• Meta Platforms (META) slammed by President Trump today on CNBC as he claims the company is ‘enemy of the people’.

• Bitcoin (BTC) hits a new all time high today, crossing the 72k mark.

Earnings 💸

• Oracle (ORCL)

  • EPS: $1.41 beats (exp. $1.38)

  • Revenue: $13.3b meets (exp. $13.3b)

• Asana (ASAN)

  • EPS: $-0.04 beats (exp. $-0.10)

  • Revenue: $171.1m beats (exp. $168m)

Recap Around the Street 🧠

CPI releases tomorrow, estimates below. PPI on Thursday!

Market Preview 🎞️

• Tuesday, March 12th: Cost performance index (CPI)

• Tuesday earnings: Clover (CLOV), Allbirds (BIRD), and Kohls (KSS)

• Wednesday, March 13th: MBA mortgage applications

• Wednesday earnings: SentinelOne(S), UiPath (PATH), and Petco (WOOF)

• Thursday, March 14th: Weekly jobless claims; Retail sales; Price producer index (PPI);

• Thursday earnings: Adobe (ADBE), Ulta Beauty (ULTA), PagerDuty (PD), Futu (FUTU), and Smartsheet (SMAR)

• Friday, March 15: Quad witching options; Empire manufacturing; University of Michigan sentiment and inflation expectations

Enjoy reading?👇

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

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