Market Update Newsletter 2/21/23

Futures are down today as the market still feels the pressure of higher interest rates and potential raises in the near future. The markets were closed yesterday for Presidents Day, but last week ended mostly down, with only the NASDAQ ending higher and Bitcoin (BTC).

Home Depot (HD) falls over 3% after reporting weaker-than-expected earnings and a mute outlook.

Walmart (WMT) is down 2% premarket even after it reported better-than-expected earnings. The CEO says the consumer is still "very pressured".

Stocks to Watch

Deere (DE) receives 3 price target raises.

Nvidia (NVDA) receives a raise from Morgan Stanley, further supporting that the semiconductor "crash" might be coming to an end.

General Mills (GIS) lifts its full-year guidance and is up in the premarket.

Happy Investing,

The Punkrock Capitalist