Demand Imbalance Arbitrage

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Forecast Future Price Action

Stocks Rise as Roblox (RBLX) Surges & Devon Energy (DVN) Falls Amid Economic Data


Stocks rose Thursday as investors digested a slew of economic data.[0] The Dow Jones Industrial Average had the best performance of the day, rising 0.4%, while the S&P 500 saw a slight increase of 0.[1] The Nasdaq composite decreased by 0.7%, whereas the Russell 2000, which tracks small-cap stocks, gained 0.2%.[1] In Q4, Roblox (RBLX) experienced a surge in stock when they released bookings figures that exceeded expectations. Meanwhile, Devon Energy (DVN) gapped down 10.5% in heavy volume after the company reported worse-than-expected Q4 adjusted EPS and sales numbers.

The yield on the 10-year Treasury note ticked down to 3.78% Thursday morning while the dollar index moved lower nearly 0.3% to trade at $103.65.[0] Brent crude futures experienced a downward trend, decreasing by 0.3% to $85.08 per barrel.[2]

U.S. economic updates released Thursday included weekly initial jobless claims, the January producer price index, building permits and housing starts, and the February Philadelphia Fed manufacturing survey.[3] Last month’s retail sales saw a 3% rise, exceeding the 1.8% rise predicted by economists.[4] The retail sales control group, which is incorporated into U.S. GDP, increased by 1.7%, significantly higher than the anticipated 0.8% growth.[5]

Roblox (NYSE:RBLX) had a strong performance in its earnings report, with its shares increasing by 26% as the results for the fourth quarter exceeded expectations. This was due to an increase in bookings. Roblox (RBLX) saw a 26.4% increase in share price following the announcement of higher-than-anticipated sales figures for Q4.[6]

Devon Energy (NYSE:DVN) experienced an 11% drop in stock after the energy company’s fourth-quarter results did not meet expectations and their projected capital expenditure of $3.6B-$3.8B was higher than the expected $3.42B.

Bloomberg data suggests that the Consumer Price Index likely increased by 0.5% in January, compared to its 0.1% growth the preceding month.[4] It is likely that the core inflation rate will increase by 0.4% month-over-month, which is in line with the December movement.[7] The data will be released Tuesday.[7]

ABNB (Airbnb) rose[6]

0. “Dow, Nasdaq, S&P 500 overcome lingering Fed fears to end choppy session higher” Seeking Alpha, 15 Feb. 2023,

1. “Stock Market Closed Mixed; Nasdaq Broke Its Winning Streak” Investor’s Business Daily, 10 Feb. 2023,

2. “Stock market news today: Stock futures waver, bitcoin rallies” Yahoo News, 16 Feb. 2023,

3. “U.S. stock futures show Wall Street holding recent gains” MarketWatch, 16 Feb. 2023,

4. “S&P 500, Dow turn positive on retail sales, CPI data fallout; Nasdaq enjoys third-straight winning day” Proactive Investors USA, 15 Feb. 2023,

5. “Stock market today: Dow ekes out win after cutting losses as tech reigns supreme By”, 15 Feb. 2023,

6. “Stock Market Indexes Pull Ahead In Final Hour; Etsy Posts Over 6% Gain” Investor’s Business Daily, 15 Feb. 2023,

7. “Dow Jumps Over 300 Points, Dollar Surges in Midday Trading” msnNOW, 13 Feb. 2023,

Forecast Future Price Action
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