Thursday, February 21, 2019
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WHAT TO WATCH
Investors can expect a packed day with another slew of big names gearing up to report earnings.
Fast-food chains Domino’s Pizza (DPZ) and Wendy’s (WEN) will release their reports before the opening bell, while tech giants Baidu (BIDU), Dropbox (DBX), Hewlett Packard (HPE) and Roku (ROKU) report after the closing bell.
Furthermore, backed up durable goods order data and capital goods orders data for December, U.S. manufacturing PMI, U.S. services PMI and U.S. composite PMI for February will be released.
U.S., China sketch outlines of deal to end trade war: The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations. [Reuters]
Lyft plans to file for IPO as soon as next week: Lyft Inc. could file as soon as next week for an initial public offering and plans to target a valuation of $20 billion to $25 billion, a person familiar with the matter said. [Bloomberg]
FOMC members split on need for rate hikes later this year: The Federal Reserve laid out more detail as to why it decided to be patient with monetary policy, and it also offered more clarity on its plans for balance sheet normalization. [Yahoo Finance]
Tax refunds are $11.5 billion behind our forecast: UBS.: A new research note from UBS finds that net payments to households are now running below its economists’ forecast, a shortfall of $11.5 billion of the $20 billion in extra cash that the economists had expected compared to last year. [Yahoo Finance]
Samsung debuts Galaxy S10 5G: Samsung has debuted its latest flagship smartphone, the Galaxy S10. And while the three primary versions of the handset — the entry-level S10e, the mainstream S10, and the pricey S10 Plus — are sure to get plenty of attention, it's the fourth version of the S10 that's going to really turn heads. [Yahoo Finance]
Why the smartphone isn't headed for 'perpetual decline' [Yahoo Finance]
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