Catalyst Calendar - February 12, 2026 (Morning)

 ## Major Catalysts Mentioned **Bitcoin Layer-2 Builders Pitch BTCFi** - Date: TBD - Why it matters: This new proposal could facilitate institutional adoption of Bitcoin by improving transaction efficiency and scalability, potentially unlocking significant capital. - Stocks affected: **$BTC** **Argentina Senate Passes Milei Labor Reform** - Date: TBD - Why it matters: The passage of these reforms marks a significant pro-market shift under President Milei, which could improve investment sentiment and economic stability in Argentina. - Stocks affected: **$ARGT** **Humana Downgraded by RBC Capital** - Date: TBD - Why it matters: The downgrade signals increased risks associated with the Medicare Advantage program, which could affect investor confidence and stock performance. - Stocks affected: **$HUM** **BorgWarner Upgraded by Deutsche Bank** - Date: TBD - Why it matters: The upgrade reflects a positive outlook on BorgWarner's pivot towards AI data centers, suggesting potential for growth in a booming sector. - Stocks affected: **$BWA** **HubSpot Price Target Lowered by BMO Capital** - Date: TBD - Why it matters: A reduced price target indicates concerns over growth momentum, which may influence investor sentiment as they reassess the company's valuation. - Stocks affected: **$HUBS** ## Earnings on Deck - **$HUM** - Reports: TBD - Key watch: Medicare Advantage performance - **$BWA** - Reports: TBD - Key watch: AI data center revenue contribution - **$HUBS** - Reports: TBD - Key watch: growth metrics and guidance ## Economic Events - **Jobless Claims Report** - Date: TBD - Expected impact: A continuation of low jobless claims may suggest a strong labor market, influencing Fed policy and market sentiment. ## What's NOT Dated But Worth Tracking - Bitcoin's potential drop to $50,000 as warned by Standard Chartered—monitor for market reactions and volatility in cryptocurrency stocks. - The ongoing performance of AI-related firms as interest and investments in the sector continue to grow. ## Highest Conviction Catalyst - What: Passage of Argentina's labor reform - When: Date TBD - Why it matters: This reform represents a pivotal moment for Argentina's economic policy, potentially attracting foreign investment and stabilizing the economy. It could serve as a model for other nations facing similar challenges. - Trade idea: Monitor Argentine equities and ETFs for potential upside as investor sentiment improves.