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Market Headlines 👀 

• US inflation CPI report comes out tomorrow at 8:30am and here is what the street is expecting.

• US President Trump announced a 25% tariff on steel and aluminum imports.

• US Federal reserve chair Powell testifies in front of the Senate for his bi-annual update to Congress.

• Elon Musk makes a bid to purchase OpenAi for $97.4b, quickly rejected by Sam Altman on X.

• Apple (AAPL) will partner with Alibaba to develop new AI features for its users in China.

• Tesla (TSLA) stock continues to crater losing its 100d moving avg closing under $334.

Earnings 💸

• Shopify (SHOP)

  • EPS: $0.44 beats (exp. $0.43)

  • Revenue: $2.8b beats (exp. $2.73b)

• Coca-Cola (KO)

  • EPS: $0.55 beats (exp. $0.52)

  • Revenue: $11.5b beats (exp. $10.7b)

• Doordash (DASH)

  • EPS: $0.33 meets (exp. $0.33)

  • Revenue: $2.87b beats (exp. $2.84b)

• Upstart (UPST)

  • Revenue: $219m beats (exp. $182.4m)

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

CPI street estimates below:

Shopify earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Market Preview 🎞️ 

• Wednesday, February 12th: MBA mortgage applications; Consumer price index (CPI); Powell testifies day two of bi-annual testimony to Congress

• Wednesday earnings: Robinhood (HOOD), Reddit (RDDT), and The Trade Desk (TTD)

• Thursday, February 13th: Weekly jobless claims; Price Producer index (PPI)

• Thursday earnings: Datadog (DDOG), Coinbase (COIN), Twilio (TWLO) Airbnb (ABNB), Paloalto Networks (PANW), and Roku (ROKU) 

• Friday, February 14th: Retail sales

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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