Catalyst Calendar - February 23, 2026 (Morning)

 ## Major Catalysts Mentioned **Eli Lilly (LLY)** - Date: TBD (launch event timing not explicitly stated) - Why it matters: Launching a multi-dose weight-loss drug device in the US and a new form of obesity drug Zepbound with a month’s worth of doses in one pen could significantly boost Lilly’s market share in the obesity treatment segment, a fast-growing pharmaceutical market. - Stocks affected: **$LLY** **ASML** - Date: TBD - Why it matters: ASML unveiled an EUV light source advance that could yield 50% more chips by 2030, potentially enhancing semiconductor manufacturing capacity and benefiting chipmakers reliant on ASML’s technology. - Stocks affected: Semiconductor companies and equipment suppliers, including **$ADI**, **$QCOM**, **$NVDA** **Domino’s Pizza (DPZ)** - Date: Q4 fiscal 2025 results already reported; 2026 same-store sales growth expected - Why it matters: Domino’s reported strong Q4 results, raised its dividend by 15%, and expects 3% same-store sales growth in 2026, signaling solid operational momentum and shareholder returns. - Stocks affected: **$DPZ** **Home Depot (HD)** - Date: Earnings report on February 24, 2026 - Why it matters: HD is expected to report Q4 earnings of $2.53 per share. Despite a lowered price target, potential dividend gains may attract income-focused investors ahead of the report. - Stocks affected: **$HD** **Nvidia (NVDA)** - Date: Earnings date not explicitly stated but implied upcoming - Why it matters: Nvidia’s earnings preview is a key event for AI and semiconductor sectors, with analyst attention on revenue growth and AI demand, impacting related stocks. - Stocks affected: **$NVDA** **U.S. Supreme Court Tariff Ruling** - Date: February 23, 2026 (explicit from headlines) - Why it matters: The Supreme Court struck down some Trump tariffs, causing market uncertainty and impacting trade policy. This ruling affects tariff-related stocks and broader market sentiment. - Stocks affected: Broad market, including **$WMT**, **$XOM**, and others exposed to tariffs. **SpaceX IPO** - Date: TBD - Why it matters: The anticipated SpaceX IPO is a significant event for aerospace and tech sectors, with retail investor access options highlighted. - Stocks affected: Potentially **$LUNR** (space commercialization), and other aerospace-related stocks. **Gilead Sciences (GILD)** - Date: TBD - Why it matters: Gilead’s $7.8 billion acquisition of Arcellx to bolster its cancer treatment pipeline is a major strategic move with potential long-term growth implications. - Stocks affected: **$GILD** ## Earnings on Deck **Home Depot (HD)** - Reports: February 24, 2026 - Key watch: Q4 earnings per share, dividend announcements **Domino’s Pizza (DPZ)** - Reports: Q4 fiscal 2025 results already reported; ongoing 2026 guidance - Key watch: Same-store sales growth, dividend policy **Freshpet (FRPT)** - Reports: Q4 2025 results (date not explicitly stated) - Key watch: Revenue and earnings beat/miss **Almirall, S.A. (LBTSF)** - Reports: Q4 2025 earnings call transcript available (date not explicitly stated) - Key watch: Revenue and profitability metrics **MONY Group plc (MNSKY)** - Reports: Q4 2025 earnings call transcript available (date not explicitly stated) - Key watch: EBITDA and revenue growth **Exosens** - Reports: Q4 2025 results (date not explicitly stated) - Key watch: Revenue growth and guidance **Tourism Holdings Limited (TRZHF)** - Reports: Q2 2026 earnings call transcript available (date not explicitly stated) - Key watch: Profit growth and debt reduction **Ampol Limited (FTAI)** - Reports: Q4 2025 results (date not explicitly stated) - Key watch: EBIT growth and refinery gains **Lundin Gold** - Reports: Q4 2025 presentation (date not explicitly stated) - Key watch: Production and valuation outlook ## Economic Events **Fed’s March Rate Decision** - Date: March 2026 (exact date TBD) - Why it matters: Fed’s Waller indicated the March rate cut hinges on labor market data and next jobs report, making upcoming labor market releases critical for interest rate expectations and market direction. ## Regulatory & Legal **FDA Approvals** - FDA approved Allurion gastric balloon for obesity treatment (date TBD) - Why it matters: Regulatory approval expands treatment options in obesity, potentially benefiting companies in the obesity drug/device market. - Stocks affected: **$LLY**, Allurion (private) **U.S. Supreme Court Tariff Ruling** - Date: February 23, 2026 - Why it matters: The ruling struck down some Trump tariffs, affecting trade policy and market uncertainty. - Stocks affected: Broad market impact, including **$WMT**, **$XOM** **US Supreme Court to Hear Exxon Bid for Compensation from Cuba** - Date: TBD - Why it matters: Legal outcome could affect Exxon’s asset recovery and geopolitical risk. - Stocks affected: **$XOM** ## What's NOT Dated But Worth Tracking - OpenAI’s deepening partnerships with consulting giants to push enterprise AI beyond pilot phase; watch for enterprise AI adoption trends and related software stocks. - Tesla and Stellantis product launches and sales turnaround efforts, notably the new Jeep Cherokee in the U.S.; monitor automotive sector momentum. - Quantum computing stocks and their 2026 outlooks; earnings and strategic updates may reignite momentum. - Gilead’s cancer business restructuring to offset Keytruda patent loss; watch for pipeline developments and strategic shifts. - SpaceX IPO developments and retail investor access options; monitor aerospace and space commercialization sectors. - Tariff uncertainty and its impact on commodities like gold and silver; gold price opened above $5,100 after tariff ruling. - AI sector earnings previews including Nvidia, Snowflake, CoreWeave, and Salesforce; these will be key to assessing AI market direction. - Bitcoin and cryptocurrency market dynamics amid institutional investor interest and regulatory updates. ## Highest Conviction Catalyst - What: U.S. Supreme Court ruling on Trump tariffs on February 23, 2026 - When: February 23, 2026 - Why it matters: This ruling has immediate and broad implications for trade policy, tariff-related uncertainty, and market sentiment. It affects a wide range of sectors including retail, energy, and industrials, and has triggered volatility in related stocks and commodities like gold. The decision also influences the trajectory of U.S. trade relations and tariff enforcement, which are critical for multinational companies and global supply chains. - Trade idea: Consider positioning in tariff-sensitive sectors such as retail (**$WMT**), energy (**$XOM**), and industrials, while monitoring gold (**$GLD**) as a hedge against trade policy uncertainty. Additionally, watch for volatility in semiconductor and tech stocks as tariff impacts ripple through supply chains.