Top 10 Events To Look Out For On Wednesday, March 8

1. Jerome Powell is on Capitol Hill for his second day. He should be even more hawkish in his remarks before the House Financial Services Committee on Wednesday if he wants to raise expectations that an interest rate hike will be stepped up by half a point. During the Senate Banking Committee's hearing on Tuesday, Powell stated that it is likely that the Fed will raise interest rates sooner rather than later

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2. The Dow, the S&P 500, and the Nasdaq are all expected to open on relatively flat notes following Powell's Senate testimony Tuesday, which threw markets for a loop. In spite of Tuesday's breach of 5%, the yield on the 2-year Treasury bond remained above 5% on Wednesday, a level not seen since 2007. The ADP data for February hiring at U.S. companies was stronger than expected ahead of Friday's government employment report, which is due out on Friday.

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3. Barclays raises its price target for Zillow (Z) to $30 per share from $24 per share but retains the underweight (sell) rating on the stock. There hasn't been a reduction in housing prices as much as there should be. As far as inflation is concerned, shelter, food, and wages are the three most sticky areas. The quarter for Campbell Soup (CPB) was better than expected. A significant increase in organic net sales has been achieved as a result of price increases.

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4. After CrowdStrike (CRWD) reported a great quarter, our price target has been bumped by a worthless amount. Are the cash flow and GAAP positive enough to justify a positive cash flow statement? In the cybersecurity business, we like Palo Alto Networks (PANW), and we recently started a position in the company. 

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5. UBS has reported that Club Holdings Apple's (AAPL) App Store revenues are trending flat so far this quarter. This revenue stream has never been predicted in a decent way in the past. The United States is still considered to be the best market in the world by analysts.

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6. Linde (LIN), a leading industrial gas and engineering company, has gotten a price target boost from UBS: $410 per share has been set from $375 per share. It represents a premium of over 15% over Tuesday's closing price.

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7. Do shale wells really peak at this point? The Berkshire Hathaway (BRK.a) company of Warren Buffett has also recently acquired more shares of Occidental Petroleum (OXY). In addition to owning shares of Coterra Energy (CTRA), Devon Energy (DVN), and Pioneer Natural Resources (PXD), We also own shares of the oilfield services giant Halliburton (HAL), which is engaged in exploration, production, and distribution of oil and natural gas.

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8. As is predictable, Dick's Sporting Goods (DKS) trend-followers are raising their price targets after a great quarter and following the stock's 11% run-up. This is so meaningless and unhelpful.

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9. Citi loves lithium after Tesla (TSLA) talked about its goal of producing 20 million electric vehicles annually by 2030. Lithium stocks Albemarle (ALB), SQM (SQM), Livent (LTHM), and Li-Cycle (LICY) have been cited by analysts. We're back with these highest-risk companies again.

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10. Shares of online styling company Stitch Fix (SFIX) are down more than 10% ahead of the market's opening, trading around $4.50. After the company misses numbers in a big way, the CFO steps down from the company. Since the beginning of the year, the stock has been up a lot. Despite this, it is important to keep in mind that over the past year, the stock lost more than 80% of its value.

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