Shesa's Stock Market Weekend Updates - 2|22|26

Welcome to my weekend's updates

The U.S. stock market rose slightly last week this week ending February 20, 2026. All the stock indexes ended on a positive. But technology stocks still remain under pressure. Here is how the indexes performed.
•  S&P 500: up 1.1%, closed at 6,909.51
•  Nasdaq : up 1.5%, closed at 22,886.07 (snapped 5-week losing streak)
•  Dow: up 0.3%, closed at 49,625.97
This week we will see the biggest earnings of the season as Nvidia (NVDA) reports on Wednesday, 2/25, after the close of market. More on this later..

Tariff: Meanwhile, the Supreme Court struck down broad tariffs (e.g., reciprocal/high global ones), leading to potential refunds and invalidation of some high rates. Trump immediately imposed a new 15% global tariff on all countries (effective soon, up to 150 days) on top of remaining tariffs. Most relief goes to countries that previously faced the highest reciprocal rates (25–50%+):
•  India: Indian tariff is expected to be around 15%
•  Brazil
•  Taiwan
•  EU countries (Germany, France, Italy, etc.)

On another news, Nvidia (NVDA) sold its entire stake in APLD and Recursion Pharmaceuticals (RXRX), as disclosed in its Q4 2025 13F filing released after market close on Feb 17, 2026.

Key US economic data released last week
• Q4 2025 GDP (advance estimate): +1.4% annualized (vs. +4.4% in Q3; below expectations ~3%).
• Full-year 2025 GDP: +2.2% (down from 2.8% in 2024).
• December PCE inflation: +2.9% y/y headline (highest since March 2024); core +3.0% y/y (in line with expectations).

Poll:
I conducted a poll whether Nvidia earnings can revive the technology stocks? Most of the respondents 53% said, No, it won't revive the technology stocks, 30% said it should review the tech stocks. My opinion goes with 30%. As we all know, the market, particularly Nasdaq stock stinks to the investors and it’s not a great time to be a technology investor. So, will the Nvidia earnings revive the market? Though, it’s hard to predict but if Nvidia release another stellar quarter and the company gives solid guidance, tech stocks may bounce back in the short term. There are lots of negative sentiment in the tech stocks and sometime market revives when there is too much pessimism. Having said that, last time NVDA came with a great quarter but still the stock tanked. In case, it doesn’t deliver beyond expectations then it may be hit hard. Nobody can say anything with certainty in such an unpredictable market environment. So, let’s wait and see how it goes and hope for the best.

Earnings this week 
Monday, 2/23: HIMS (after the market close tomorrow)
Wednesday, 2/25: NVDA
Thursday, 2/26: CRWV

Economic news this week
TUE, 2/24: Consumer confidence
FRI, 2/27: Producer Price Index (PPI)

Carvana (CVNA) reported Q4 2025 earnings on February 18.
EPS: Actual $4.22 vs. expected $1.13 (beat significantly).
Revenue: Actual $5.60B vs. expected $5.22B–$5.27B (beat).

No specific numbers (revenue, EPS, or EBITDA targets) provided for 2026 or Q1.

DoorDash (DASH)
Earnings per share: 48 cents vs. 59 cents expected $0.59 Est.
Revenue: $3.96 billion vs. $3.99 billion Est.
Revenue for the period increased 38% from about $2.87 billion last year. 

The company forecasted lackluster guidance for the first quarter, expecting adjusted EBITDA between $675 million and $775 million vs. estimated $802 million.

A few Stocks to watch
NVDA, CRWV, TSLA, GLD, SLV, SOXL, AVGO

Going forward: It's very difficult to tell anything in the current market environment. One day up, 2-3 days down. Hopefully, if Nvidia comes with another stellar quarter then hopefully there may be some respite to the technology stocks, otherwise it may go further worse. Having said that, despite good earnings stocks are hit hard, and market is in a very dicey situation so it's very important to remain watchful. 


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