GOOD WEEK

TELL-US (Tellurian): Outperformed at +19.4% the announcement that it has issued a limited notice to proceed to Bechtel Energy Inc. (Bechtel) under its executed Engineering, Procurement and Construction (EPC) contract to begin construction of phase one of the Driftwood LNG terminal, a liquefied natural gas (LNG) export facility near Lake Charles, Louisiana.

NCNO-US (nCino): highlighted increased commitments from some of its largest clients concluded a +13.7% gain.  The cloud banking technology company reported earnings results for the fourth quarter of its fiscal year 2022, which began in November and ended in January. 

BAD WEEK

COMM-US (CommScope): -2.4% ongoing commodity inflation will delay the margin recovery story; previously thought renegotiated contracts would put pressure on margins after substantial pressure last year.  

CommScope introduced Propel, a high-speed fiber platform designed to help data center managers respond to the exponential increase in demand they are experiencing for computing power. This new technology facilitates the migration to Terabit speeds, by providing reliable connectivity and robust network infrastructure that aligns with rapidly emerging data center applications, enabling faster, more efficient access to data.

Walgreens Boots Alliance Inc.'s (NASDAQ:WBA) stock appears to be a bit under the weather, with its share price dipping as the pandemic continues to wane.  The drugstore chains shares have dropped more than 16% so far this year as the Omicron variant that buoyed its business, led by vaccinations and tests, continues to thin. Thursday’s market close saw the stock trading at $44.77. Shortly before noon on Friday, shares stood at $43.57, down 2.68% or $1.20.

WHAT ELSE HAPPENED?
US equities finished higher in Friday trading, ending near best levels after a late-session surge. Nevertheless, major indices made no definitive move far beyond the unchanged mark. Energy, China tech, homebuilders, insurance, precious metals, HPCs, food were among the stronger groups. Transports, machinery, banks, semis, tech hardware, software, apparel, casual diners, were areas of weakness. Treasuries were mixed with short end coming under pressure and curve notably flattening; 2Y/10Y and 5Y/30Y spreads both finished well into negative territory.

- Dollar was firmer on the major crosses, doing best vs the yen.
- Gold finished down 1.6%.
- Bitcoin futures were up 1.6%.
- WTI crude settled down 1.0% in choppy trading, logging its largest  weekly decline since April 2020.