Earnings & preview of the week starting 07 March 2022

This week, there are some important earnings releases and US Fed will announce the interest hike.  Personally, I am watching with interest in e-commerce player 

$JD.com(JD)$ and $Rivian Automotive, Inc.(RIVN)$ the EV player.  EV stocks like $Lucid Group Inc(LCID)$ has a disappointing earning last week and this would provide some indication of the transition out of ICE to EV (and hybrids).

Earnings in the coming week starting 7th Mar 2022

External events

External events like the Ukraine crisis can lean on the market. China is in the midst of its National People's Congress (NPC). The fifth session of the 13th National People's Congress (NPC) opens at the Great Hall of the People in Beijing, capital of China on 5th March 2022. This will be important for the review of the various policies put in place. This deserves our attention and may cause some volatility.

Fed Interest decision can be expected by 17 Mar 2022 and the market is expecting a 0.25% increase from the current rate as they try to bring down the inflation.  The ongoing Ukraine crisis has affected several sectors, namely energy and defence.  Some (like wheat) have seen surges in price as Russia and Ukraine are amongst the major exporters.  The increase in crude oil and gasoline prices will nonetheless increase inflationary pressures in all countries.

CNBC just reported the following on 4 Mar 2022:

Gas prices are surging, adding to inflationary concerns across the U.S. economy. The national average price for a gallon of gas was at $3.83 on Friday, the highest since Sept. 21, 2012, according to data from AAA. The spike comes after U.S. crude oil hit the highest level since 2008.

Important events of the coming week - Economic Calendar for US & China

Personal interests

$BYD COMPANY(01211)$ suffered an 8.6% drop on 4th Mar 2022 despite a good Feb 2022 in terms of sales. There is a drop compared to Jan 2022. Usually, it is auspicious to celebrate the Lunar New Year with new clothes and family items. Following the Lunar New Year, it would not be driven by seasonable demand (like the recent Lunar New Year).

1 Day Chart of BYD 1211.HK

From the 1 Day chart, the stock looks to go down more in the coming week.  NPC may move the market with updates on policies.  We can expect more on the efforts of common prosperity, data security, data privacy, anti-competitiveness or monopolistic practices and levelling the playing field for all.

Here is wishing all a successful week ahead.