Morning Brief

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Morning Brief

March 1, 2026

Here's your update on US and Canadian markets, curated by Trading Central expert analysts! These are starting points for your own research to identify opportunities that make sense for you.

Pre-Market Session

Last Price

Technical Views

Target

Pivot

S&P 500 (CME)

6,878.00

Read the analysis

6,835.00

6,895.00

S&P/TSX 60 (TMX)

1,984.60

Read the analysis

1,996.00

1,964.00

Dow Jones (CME)

48,956.00

Read the analysis

48,510.00

49,050.00

Nasdaq 100 (CME)

24,954.00

Read the analysis

24,800.00

25,110.00

Russell 2000 (CME)

2,630.00

Read the analysis

2,615.00

2,645.00

Crude Oil (WTI)

67.24

Read the analysis

67.80

66.60

Gold

5,277.00

Read the analysis

5,310.00

5,245.00

Bitcoin / USD

66,447.40

Read the analysis

68,160.00

65,100.00

Ether / USD

1,952.53

Read the analysis

2,018.00

1,898.00

Before the Bell

U.S. market futures are losing ground before the release of inflation data.

Yesterday, the Nasdaq 100 fell 294 points (-1.16%) to 25,034, dragged by Nvidia's (NVDA) 5% drop.

The S&P 500 slipped 37 points (-0.54%) to 6,908, while the Dow Jones rose 17 points (+0.03%) to 49,499.

On the stat front in the U.S. producer price index is expected to be up 2.9% year-on-year in January after +3.0% in December. Separately, the Chicago purchasing manager index is anticipated at 51.0 in February vs 54 in January.

In Canada, annualized gross domestic product is estimated to be flat in the fourth quarter after +2.6% in the third quarter.

European indices are consolidating with the U.K.'s FTSE 100 index outperforming and trading at new all-time highs. On the stat plan, later in the day Germany's inflation rate is estimated at 2.0% year-on-year in February vs 2.1% a month earlier. Separately, France's inflation rate increased to 1% on a yearly basis in February in first reading (0.7% anticipated) from 0.3% in January.

Asian indexes traded mostly green. Regarding stats, Japan's industrial production grew 2.2% month-on-month in January, below 4.3% expected, and retail sales rose 4.1%, above 1.5% estimated.

WTI crude oil futures rebound above 66.00 dollars amid uncertainty surrounding negotiations between Iran and the U.S.

Gold and silver are both trading close to key technical resistances of respectively 5,250 dollars and 90 dollars.

Bitcoin loses ground, currently trading around 66,000 dollars.

US Snapshot

Netflix (NFLX), a video streaming service, jumps after saying it "has declined to raise its offer for Warner Bros. Netflix had earlier received notice from Warner Bros. Discovery (WBD) that its Board of Directors has determined Paramount Skydance’s (PSKY) latest proposal constitutes a "Superior Proposal" under the terms of WBD’s existing merger agreement with Netflix."

Block (XYZ), a fintech, soars after saying it is reducing its workforce "by nearly half, from over 10,000 people to just under 6,000." Block’s CFO explained that the layoffs are intended to help the company "operate more quickly with leaner, highly skilled teams, leveraging AI to automate a greater share of tasks".

Nvidia (NVDA), a chip giant, loses some ground after falling 5.46% yesterday following the release of quarterly financial figures that failed to impress investors.

Zscaler (ZS), a cloud security company, tumbles on disappointing sales figures.

Monster Beverage (MNST), a developer and marketer of energy drinks, loses ground as quarterly operating margin was slightly below estimates.

Dell Technologies (DELL), a computer technology company, jumps as quarterly financial figures topped expectations.

Dollar Tree (DLTR), a discount store chain, was cut to "neutral" from "buy" at Citigroup.

Rocket Lab (RKLB), a space company, drops as it expects current quarter adjusted Ebitda loss to be wider than anticipated.

Intuit (INTU), a developer and marketer of accounting software for small and medium sized businesses, drops as current quarter adjusted EPS guidance missed estimates.

Autodesk (ADSK), a provider of computer-aided design software, gains some ground as full-year sales guidance topped expectations.

Flutter Entertainment (FLUT), an online sports betting company, plunges as quarterly financial figures missed estimates.

CoreWeave (CRWV), a cloud-based AI infrastructure company, drops as quarterly financial figures disappointed investors.

Earnings Expected

No major earnings expected

Canadian Snapshot

Laurentian Bank of Canada (LB), a banking group, posted quarterly adjusted EPS down to 0.65 dollar, missing estimates, from 0.73 dollar a year earlier.

Barrick Mining (ABX)'s, a gold producer, target price was raised to 86 dollars from 64 dollars at Bernstein.

Pan American Silver (PAAS)'s, a silver producer, target price was raised to 110 dollars from 95 dollars at National Bank of Canada.

Docebo (DCBO), a leading learning platform provider with a foundation in artificial intelligence (AI) and innovation, reported quarterly net income up to 26.9 million dollars from 11.9 million dollars a year earlier. Sales rose 11% to 63.0 million dollars, just above estimates.

Quebecor (QBR/B), a communication company, was downgraded to "hold" from "buy" at TD Cowen.

Hydro One (H), an electricity supplier, named Megan Telford, company's Chief Operating Officer, as President and CEO effective June 9, 2026.

George Weston (WN)'s, a food processing and distribution company, target price was raised to 121 dollars from 108 dollars at TD Cowen.

Earnings Expected

No major earnings expected

Market Outlook

S&P 500 (CME)‎ (H6)‎ Intraday: key resistance at 6895.

Pivot:

6895

Our preference:

Short positions below 6895 with targets at 6835 & 6810 in extension.

Alternative scenario:

Above 6895 look for further upside with 6925 & 6945 as targets.

Comment:

The RSI has just landed on its neutrality area at 50%.

S&P/TSX 60 (TMX)‎ (H6)‎ Intraday: bullish bias above 1964.

Pivot:

1964

Our preference:

Long positions above 1964 with targets at 1996 & 2010 in extension.

Alternative scenario:

Below 1964 look for further downside with 1952 & 1940 as targets.

Comment:

The RSI is bullish and calls for further upside.

Market Technicals

BULLISH TECHNICAL EVENTS (US)

Medtronic PLC

MDT : NYSE

97.66 USD

-0.96%

In the last 5 days

Technical Score

Short-Term

Medium-Term

Long-Term

Quant Rating

Strong

Symmetrical Continuation Triangle (Bullish) | 10% move possible

Trading closed at 97.66 to confirm an Intermediate-Term Symmetrical Continuation Triangle (Bullish) pattern.
Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. More Details

Archer-Daniels-Midland Co

ADM : NYSE

69.04 USD

+1.99%

In the last 5 days

Technical Score

Short-Term

Medium-Term

Long-Term

Quant Rating

Strong

Flag (Bullish) | 11% move possible

Trading closed at 69.04 to confirm a Short-Term Flag (Bullish) pattern.
Tells Me: The price seems to be resuming a sharp rally after taking a brief pause. More Details

BULLISH TECHNICAL EVENTS (CA)

Eldorado Gold Corp

ELD : TSX

63.35 CAD

+5.30%

In the last 5 days

Technical Score

Short-Term

Medium-Term

Long-Term

Quant Rating

Strong

Symmetrical Continuation Triangle (Bullish) | 31% move possible

Trading closed at 63.35 to confirm an Intermediate-Term Symmetrical Continuation Triangle (Bullish) pattern.
Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. More Details

BCE Inc

BCE : TSX

35.85 CAD

+0.36%

In the last 5 days

Technical Score

Short-Term

Medium-Term

Long-Term

Quant Rating

Strong

Commodity Channel Index

Trading closed at 35.85 to confirm a Short-Term Commodity Channel Index pattern.
Tells Me: The price is relatively far from its 20-bar average price. More Details

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The research in this report is not prepared subject to Canadian disclosure requirements.

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