Earnings: Fitbit, Motorola Solutions, BHP Billiton, Dean Foods, Anglogold Ashanti, Alliant Energy
9:45 a.m. Manufacturing PMI
3 p.m. OPEC Secretary General Abdalla Salem El-Badri speaks at CERAWeek
Earnings: Home Depot, Macy's, Norwegian Cruise Line, Scripps Networks, Caesars Entertainment, First Solar, Dreamworks Animation, Toll Brothers, Cracker Barrel, Bank of Montreal, Wolverine Worldwide, Etsy, Healthsouth, Papa John's
8:30 a.m. Minneapolis Fed President Neel Kashkari
8:50 a.m. Dallas Fed President Rob Kaplan
9 a.m. S&P/Case-Shiller home prices
9:50 a.m. Saudi Oil Minister Ali al-Naimi speaks at CERAWeek
10 a.m. Existing home sales; consumer confidence
1 p.m. $26 billion two-year note auction
8:30 p.m. Fed Vice Chairman Stanley Fischer
Earnings: Lowe's, Target, TJX, Sunoco Logistics, LaQuinta, Royal Bank of Canada, Steve Madden, Eaton Vance, Chemours, Imax, Salesforce.com, L Brands, HP, Newfield Exploration, Royal Bank of Canada
8 a.m. Richmond Fed President Jeffrey Lacker
9:45 a.m. Services PMI
10 a.m. New home sales
1 p.m. $34 billion five-year notes
7 p.m. St. Louis Fed President James Bullard
G-20 finance ministers meet in Shanghai
Earnings: A-B InBev, Axa, Domino's Pizza, Best Buy, Campbell Soup, Kohl's, AMCNetworks, Fortress Investments, Chico's FAS, SeaWorld, Sears Holdings, Apache,Windstream, Pinnacle Foods, Ensco, Seadrill, Baidu, Weight Watchers, KraftHeinz, Intuit, Splunk, Herbalife, Noodles and Co, Monster Beverage, Gap
8:15 a.m. Atlanta Fed President Dennis Lockhart
8:30 a.m. Initial claims; durable goods
9 a.m. FHFA home prices
12 p.m. San Francisco Fed President John Williams
1 p.m. $28 billion seven-year notes
G-20 meets in Shanghai
Earnings: J.C. Penney, Foot Locker, Sotheby's, Sempra Energy, AmericanTower, Centerpoint, Liberty Media, Telefonica, Rowan Cos
8:30 a.m. Real GDP Q4 (second reading); international trade
10 a.m. Personal income; consumer sentiment
Earnings: Berkshire Hathaway
Sentiment: Strong Buy
Happy Valentine's Day
Presidents Day Holiday
Earnings: Agilent, Cerner, Devon Energy, Express Scripts, Fossil, Kaiser Aluminum, Potbelly, Generac, Surgical Care Affiliates, Vornado Realty
8:30 a.m. Empire State survey
9 a.m. Philadelphia President Patrick Harker
10 a.m. NAHB survey
10:30 a.m. Minneapolis Fed President Neel Kashkari
4 p.m. TIC data
7:30 p.m. Boston Fed President Eric Rosengren
Earnings: Priceline, Noble Energy, T-Mobile, Lumber Liquidators, Eaton Vance, Marathon Oil, Newmont Mining, Brocade, Angie's List, Analog Devices, Dr. Pepper Snapple, Garmin, Iamgold, La-Z-Boy
8:15 a.m. Industrial production
8:30 a.m. PPI; housing starts
2 p.m. Fed minutes
7:30 p.m. St. Louis Fed President James Bullard
Earnings: Wal-Mart, Nordstrom, Applied Materials, Duke Energy, Discovery Communications, Hyatt, MGM Resorts, Dish Networks, Kate Spade, Crocs, Scana, SodaStream, Toro, Dana Holdings, Fluor, Imax, Six Flags, BJ's Restaurant, Boston Beer, WageWorks
8:30 a.m. Initial claims; Philadelphia Fed survey
3:30 p.m. San Francisco Fed President John Williams
February 19th Friday options and futures expiration day.
Earnings: Deere, Public Service, VF Corp, Cabot Oil and Gas, Allianz, Pinnacle West, Echostar
8:30 a.m. CPI
8:40 a.m. Cleveland Fed President Loretta Mester
Sentiment: Strong Buy
The Dow DJIA, -1.60% slumped 254.56 points, or 1.6%, to 15,660.18 on Thursday, after being down as much as 411.73 points at the intraday low. The blue-chip barometer closed at a two-year low, but more important, it closed below the Aug. 25, 2015 closing low of 15,666.44.
This lower closing low is significant to followers of the Dow Theory market analysis, because one of the six basic tenets of the century-old theory is that a pattern of lower significant peaks and lower significant troughs is a defining characteristic of a primary downtrend.
Sentiment: Strong Buy
IBM CEO : Ginni Rometty
YHOO CEO : Marissa Mayer
Lockheed Martin CEO : Marillyn Hewson
HPQ CEO : Meg Whitman
Federal Reserve : Janet Louise Yellen
Investors shrugged off a surprise quarterly loss and revenue miss for Tesla Motors Inc. to focus on promises of profit and abundant cash later on, but Wall Street didn’t seem as ready to extend the electric-car maker the same pass.
Shares of Tesla TSLA, +6.61% jumped Thursday, a day after the company reported disappointing fourth-quarter results but said it was on track to become profitable on an adjusted basis this year, with GAAP profitability later in the year. On the call following results, Jason Wheeler, Tesla’s new chief financial officer, said he had a mandate straight from Chief Executive Elon Musk: “cash is king.”
Tesla Motors Inc. revealed disappointing financial performance in the fourth quarter Wednesday, but promised much brighter days in 2016, sending shares roaring back after a prolonged slump.
But can Chief Executive Elon Musk’s bold predictions for 2016 be believed?
To recap some of the promises Tesla TSLA, -3.09% made for this year on Wednesday:
– 80,000 to 90,000 cars delivered.
– Debut of the Model 3, Tesla’s promised “mass market” model, and start of preorders March 31, with the cars being produced and delivered by the end of 2017.
– Profitability on a non-GAAP basis and positive cash flow for the full year.
– GAAP profitability in the fourth quarter of the year.
– Production rate reaching 1,000 cars a day by the end of the second quarter.
– No need to raise more funds despite spending $1.5 billion on capital expenditures.
The forecast seemed to give the company’s investors reasons to believe again, as Tesla shares regained most of the 11.6% loss they had experienced this week, part of a 2016 downfall for the volatile stock.