BMO Action Forum

The coming week summarized:

Monday:

• New home sales (January)
• Quarterly reports from Workday ($WDAY (+2,65 %) ), Zoom Video Communications ($ZM (+2,26 %) ), Domino's Pizza ($DPZ (-1,11 %) ) and Unity Software ($U (-5,05 %) )

Tuesday:

• Orders for durable goods (January)
• S&P Case-Shiller Home Price Index
• Consumer Confidence (February)
• Quarterly reports from Lowe's ($LOW (-1,13 %) ), ONEOK ($OKE (-0,32 %) ), Bank of Montreal ($BMO (+0,69 %) ), American Tower ($AMT (-1,54 %) ) and AutoZone ($AZO (+0,37 %) )

Wednesday:

• Gross Domestic Product of the USA (first revision of the fourth quarter)
• US trade balance (January)
• Retail inventories (January)
• Wholesale inventories (January)
• Quarterly reports from Salesforce ($CRM (-0,17 %) ), Snowflake ($SNOW (+2,43 %) ), Royal Bank of Canada ($RY (+0,18 %) ), HP ($HPQ (-1,52 %) ), TJX ($TJX (+1,81 %) ), Paramount Global ($PARA (-0,46 %) ) and Monster Beverage Corp. ($MNST (+0,87 %) )

Thursday:

• Personal Consumer Price Index (PCE)
• Initial claims for unemployment benefits
• Pending home sales (January)
• Statements by Atlanta Fed President
  Raphael Bostic, Chicago Fed President Austan Goolsbee and Cleveland Fed President Loretta Mester
• Quarterly reports from Anheuser-Busch InBev ($BUD (-1,86 %) ), Dell Technologies ($DELL (-0,91 %) ), Toronto-Dominion Bank ($TD.PR.P ), Hewlett Packard Enterprise ($HPE (-1,01 %) ) and Best Buy ($BBY (+0,93 %) )

Friday:

• Statements from Dallas Fed President Lorie Logan, Federal Reserve Board Gov. Christopher Waller, Atlanta Fed President Bostic and San Francisco Fed President Mary C. Daly
• Quarterly reports from RadNet ($RDNT (-2,78 %) ), Plug
  Power ($PLUG (-3,79 %) ) and FuboTV ($FUBO )

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗗𝗮𝗶𝗺𝗹𝗲𝗿 𝗲𝗹𝗲𝗸𝘁𝗿𝗶𝘀𝗶𝗲𝗿𝘁 / 𝗗𝗶𝗗𝗶'𝘀 𝗔𝗯𝘀𝗰𝗵𝗶𝗲𝗱 / 𝗗𝗶𝗴𝗶𝘁𝗮𝗹𝗲𝗿 𝗨𝗦-𝗗𝗼𝗹𝗹𝗮𝗿

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, D. R. Horton ($DHI (-2,1 %)), Nike ($NKE (+0,26 %)) and UnitedHealth ($UNH (-1,56 %)) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Bank of Montreal ($BMO (+0,69 %)) presents its figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Daimler ($DAII (-0,76 %)) - Daimler's Supervisory Board has signed off on the new investment plan for Mercedes-Benz. In the Mercedes-Benz business plan for the years 2022 to 2026, the €60 billion investment plan for passenger cars and vans was approved. It said it will focus on an all-electric future for the passenger car and van business.

Ola Källenius, the Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG said that they will remain true to the goal of technology leadership in the automotive luxury segment as well as premium vans.

DiDi ($DIDI (-1,09 %)) - Chinese Uber($UBER (+0,18 %)) rival DiDi Chuxing has announced steps to delist from the New York Stock Exchange. At the same time, it would seek a listing on the Hong Kong Stock Exchange. Beijing's cyberspace regulator ordered the deletion of DiDi's app from Chinese app stores just days after the listing in New York. The fact that many Chinese companies are raising money on the New York Stock Exchange is coming under increasing criticism from both the Chinese and the us side.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

U.S. Treasury Secretary Janet Yellen has commented on the potential of a digital dollar, but is hesitant to come to any conclusions at this stage of the process. Whether the Federal Reserve should create a digital version of the dollar would require consensus among Congress, the Fed and the White House. Yellen currently sees advantages as well as disadvantages to a digital dollar and says more research needs to be done before definitive answers can be found.

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