• Today Amazon replaces Walgreens Boots Alliance in the Dow index. This may not be good for the stock however since analysis shows that stocks added to the Dow since 2000 have, on average, underperformed the S&P 500 by 13.83% in the following year. *1
• Nvidia's market value skyrocketed from $600 billion to $2 trillion in a year, making it the third most valuable U.S. company. The company now generates revenue of $22.1 billion compared to just $6.0 billion last year. 2
• Over the past year automobile maintenance and repair costs increased 6.5% and insurance costs skyrocketed 20.6%. It now costs an average of $12,182 annually to own and operate a new car. 3
• January's Consumer Price Index (CPI) came in higher than expected on nearly every metric, but there was a silver lining. Core CPI declined for the tenth consecutive month, dropping to 3.87% from a peak of 5.56% in April 2023, a pattern not seen since March-December 1975. 3

1. Barrons - "Amazon Stock Joins the Dow Club. It Could Pay a Price."
2. WSJ - "The Meteoric Rise of Nvidia, in Five Charts."
3. MFS - "Beyond the News"

*Past performance is not indicative of future performance

Economic Calendar

Monday:

New home sales (Jan)

Tuesday:

Durable-goods orders (Jan), Durable-goods minus transportation (Jan), S&P Case-Shiller home price index (20 cities), Consumer confidence (Feb)

Wednesday:

GDP (first revision) (Q4), Advanced U.S. trade balance in goods (Jan), Advanced retail inventories (Jan), Advanced wholesale inventories (Jan), Atlanta Fed President Raphael Bostic speaks

Thursday:

Initial jobless claims (Feb), Personal income (nominal) (Jan), Personal spending (nominal) (Jan), PCE index, Core PCE index, PCE (year-over-year), Core PCE (year-over-year), Chicago Business Barometer (PMI) (Feb), Pending home sales (Jan), Atlanta Fed President Raphael Bostic speech, Chicago Fed President Austan Goolsbee speaks, Cleveland Fed President Loretta Mester speaks, Kansas City Fed President Jeff Schmid speaks

Friday:

S&P U.S. manufacturing PMI (final) (Feb), ISM manufacturing (Feb), Construction spending (Jan), Consumer sentiment (final) (Feb), Dallas Fed President Lorie Logan speaks, Fed Governor Chris Waller speaks, Atlanta Fed President Raphael Bostic speaks, San Francisco Fed President Mary Daly speaks

Upcoming Earnings Calls

Monday - WDAY, OKE, FIS, LI, PEG

Tuesday - LOW, AMT, BMO, RSG, BNS

Wednesday - CRM, RY, TJX, SNOW, MNST

Thursday- BUD, TD, CNQ, NTES, DELL

Friday - PSO, LPL, RDNT, AY, KROS

Client Focused Trading® for large institutions, pensions, hedge funds, wealthy families, and private equity for over 30 years.

Glen Eagle Wealth, LLC is a member FINRA and SIPC

This desk commentary is for informational purposes only

Carol Ann Fernandez

Rob Michel

Grier Vacek

Glen Eagle Wealth, LLC

4422C Route 27

PO Box 399

Kingston, NJ 08528

(609) 631-8231