Here are the most important news, trends and analysis that investors need to start their trading day:
1. Stocks could fall as the situation between Russia and Ukraine becomes unclear again
Traders on the NYSE floor on February 16, 2022
Source: New York Stock Exchange.
U.S. stock futures tumbled Thursday after NATO accused Russia of ramping up forces on the border with Ukraine rather than reducing them. Wall Street was also digesting strong returns from the two Dow stocks and mixed economic reports.
2. Walmart rises after bullish earnings, dividend hike and buyback.
A shopper carries a bag outside a Walmart store in San Leandro, California on Thursday, May 13, 2021.
David Paul Morris | Bloomberg | Getty Images
Walmart topped quarterly earnings and revenue estimates on Thursday after shoppers turned to the retailer for groceries and holiday gifts. Walmart said it was focusing on cost as some customers are nervous about rising inflation. The company said it is on track to meet its long-term growth targets, which require average single digit growth in adjusted earnings per share. Shares of Dow Walmart rose about 2% in premarket trading after the release. Walmart said it has increased its penny dividend to 56 cents per share and plans to buy back $10 billion worth of shares in the current fiscal year.
3. Cisco rises, Nvidia falls, DoorDash rises after quarterly results
Shares of Nvidia tumbled about 2.5% in premarket trading after releasing a strong outlook late Wednesday that did not impress investors accustomed to the GPU giant’s rosy forecasts. However, the company reported higher-than-expected quarterly earnings and earnings.
DoorDash shares rose about 22% in premarket Thursday, the morning after bullish forecasts were released, with full-year revenue up 69%. Revenue for the quarter also declined slightly. However, DoorDash’s quarterly loss per share was larger than expected.
A nurse administers an infant dose of the Covid-19 vaccine to a girl at the LA Care Health Plan vaccination clinic at Los Angeles Missionary College in the Sylmar neighborhood of Los Angeles, California on January 19, 2022.
Robin Beck | AFP | Getty Images
California officials going to reveal Thursday is a coexistence plan with Covid, transitioning to an endemic stage where the virus still exists in the community but becomes manageable as immunity builds. In fact, one influential model estimates that 73% of Americans are currently immune to omicron, the dominant variant, and that could rise to 80% by mid-March. The Centers for Disease Control and Prevention said it is revising its recommendations for mask use, with a focus on Covid hospitalizations as a key indicator of outbreak severity and future recommendations.
5. NATO accuses Russia of spreading “disinformation” about Ukraine
NATO allies have accused Russia of misleading the world and spreading “disinformation” by saying it is returning troops to bases, instead accusing Moscow of adding 7,000 more troops near the tense border with Ukraine. Meanwhile, Ukraine has denied claims by Russian state media that it shelled eastern Ukraine and accused Moscow-backed rebels of attacking a village in the region. There is currently a ceasefire agreement between the two countries.
— The Associated Press contributed to this report. Login Now for CNBC Investing Club to follow every move in Jim Cramer’s stock. Follow the wider market action like a pro on CNNBC Pro.