After Hours Report

Updated: 20-Feb-25 16:51 ET
Celsius is reenergized following Q4 beat, Alani Nutrition purchase; Block falls on Q4 earnings miss

Today's trade featured a negative bias after yesterday's all-time high for the S&P 500 (-0.4%). The major indices made a sharp move lower right out of the gate, driven by consolidation efforts and profit-taking. However, there was a steady climb off session lows in the afternoon trade, reflecting an ongoing inclination to buy on any weakness.

The S&P 500 traded down as much as 1.0% and closed with a 0.4% decline. Decliners had a 2-to-1 lead over advancers at the NYSE shortly after the open, but that margin narrowed to a 4-to-3 ratio by the close. 

Disappointing fiscal Q1 and full-year guidance from Walmart (WMT 97.21, -6.79, -6.5%) contributed to the early selling interest. It was the worst performing stock in terms of percentage in the Dow Jones Industrial Average and in the S&P 500 consumer staples sector (-1.0%).

The heavily-weighted consumer discretionary and financial sector were also noticeably weak, dropping 1.1% and 1.6%, respectively. The sectors comprise 25% of the S&P 500 in terms of market capitalization. 

On the flip side, the energy sector (+1.0%) was the top performer, benefitting from rising oil prices ($72.49/bbl, +0.42, +0.6%).

The 10-yr yield settled four basis points lower at 4.50% and the 2-yr yield was unchanged at 4.27%. Treasuries didn't react much to some relatively soft economic data. Weekly jobless claims increased more than expected while the Philadelphia Fed Survey for February was weaker than expected. 

  • Dow Jones Industrial Average: +3.8% YTD
  • S&P 500: +4.0% YTD
  • Nasdaq Composite: +3.4%
  • S&P Midcap 400: +1.8% YTD
  • Russell 2000: +1.4% YTD

Reviewing today's economic data:

  • Weekly Initial Claims 219K (Briefing.com consensus 217K); Prior was revised to 214K from 213K, Weekly Continuing Claims 1.869 mln; Prior was revised to 1.845 mln from 1.850 mln
    • The key takeaway from the report is that it covers the period in which the household survey for the employment report is conducted, and with the continued low level of initial jobless claims, economists are apt to be expecting a fairly solid increase in February nonfarm payrolls.
  • February Philadelphia Fed Index 18.1 (Briefing.com consensus 20.5); Prior 44.3
    • The key takeaway from the report is that new order activity decreased from January while the prices paid index and prices received index both increased from January.
  • January Leading Indicators -0.3% (Briefing.com consensus 0.0%); Prior was revised to 0.1% from -0.1%

Looking ahead, Friday's economic lineup includes the flash February S&P Global U.S. Manufacturing PMI and flash February S&P Global U.S. Services PMI readings at 9:45 ET, and the January Existing Home Sales and final February University of Michigan Consumer Sentiment survey at 10:00 ET.

Overseas:

  • Europe: DAX -0.4%, FTSE -0.6%, CAC +0.2%
  • Asia: Nikkei -1.3%, Hang Seng -1.6%, Shanghai -0.0%

Commodities:

  • Crude Oil +0.42 @ 72.49
  • Nat Gas -0.13 @ 4.15
  • Gold +20.20 @ 2955.60
  • Silver +0.37 @ 33.44
  • 3Copper +0.05 @ 4.61

After-Hours Spotlight:

  • Block (XYZ) misses by $0.17, misses on revs... XYZ down 6.9%
  • Booking Holdings (BKNG) beats by $5.47, beats on revs; increasing dividend 10%... BKNG up 5.2%
  • Celsius (CELH) reports Q4 (Dec) results, beats on revs; to acquire Alani Nutrition for $1.8 billion including $150 million in tax assets for a net purchase price of $1.65 billion, comprising a mix of cash and stock... CELH up 18.1%
  • Dropbox (DBX) beats by $0.11, reports revs in-line; to guide on the call... DBX down 6.8%
  • Floor & Decor (FND) beats by $0.19, beats on revs; guides FY25 EPS in-line, revs in-line... FND ip 12.0%
  • Glaukos (GKOS) misses by $0.02, beats on revs; guides FY25 revs in-line... GKOS down 14.3%
  • Globant (GLOB) beats by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY25 EPS below consensus, revs below consensus... GLOB down 11.5%
  • Grid Dynamics (GDYN) beats by $0.02, beats on revs; guides Q1 revs above consensus; guides FY25 revs above consensus... GDYN up 26.0%
  • MercadoLibre (MELI) beats by $4.71, beats on revs... MELI up 12.1%
  • Rivian Automotive (RIVN) misses by $0.02, beats on revs, delivered 14,183 vehicles; Guides for FY25 deliveries of 46,000-51,000... RIVN up 11.8%
  • Savers Value Village (SVV) beats by $0.03, reports revs in-line with single est, comps +1.6%; guides FY25 revs in-line... SVV down 11.2%
  • Select Medical (SEM) beats by $0.01, beats on revs; guides FY25 EPS above consensus, revs above consensus... SEM down 10.8%

Fair Value for Friday, February 21:

  • S&P 500: 6,136
  • Nasdaq 100: 22,139
  • DJIA: 44,274
Today's News Summary:

For a full rundown of today's market and after hours developments, see Live In Play

  • Earnings/Guidance (Full Earnings Calendar):
    • ACV Auctions (ACVA) misses by $0.15, beats on revs; guides Q1 revs below consensus; guides FY25 revs in-line
    • Aegon N.V. (AEG) reports H2 results
    • Airbus (EADSY) reports FY24 results
    • Alibaba (BABA) beats by RMB 1.92, reports revs in-line
    • Alight (ALIT) beats by $0.03, reports revs in-line; guides FY25 EPS mostly above consensus, revs mostly below consensus
    • Allstate (ALL) estimates catastrophe losses for the month of January of $1.08 billion or $849 million, after-tax
    • American Water Works (AWK) beats by $0.09, beats on revs; guides FY25 EPS in-line; announces CEO transition
    • Americold Realty Trust (COLD) beats by $0.01, misses on revs; guides FY25 FFO in-line
    • Amplitude (AMPL) beats by $0.01, beats on revs; guides Q1 EPS below consensus, revs above consensus; guides FY25 EPS in-line, revs above consensus
    • Anglo American (NGLOY) reports FY24 results
    • ANSYS (ANSS) beats by $0.49, beats on revs
    • Autohome (ATHM) beats by RMB0.42, misses on revs
    • B2Gold (BTG) misses by $0.05, reports revs in-line
    • Bandwidth (BAND) misses by $0.02, beats on revs; guides Q1 revs below consensus; guides FY25 revs below consensus
    • Bausch Health (BHC) reports Q4 (Dec) results, beats on revs; guides FY25 revs in-line
    • Baxter (BAX) beats by $0.06, beats on revs; guides Q1 EPS in-line; guides FY25 EPS in-line
    • BigCommerce (BIGC) beats by $0.05, reports revs in-line; guides Q1 revs below consensus; guides FY25 revs in-line
    • Birkenstock Holding Plc (BIRK) beats by EUR 0.02, beats on revs
    • Bilibili (BILI) beats by RMB0.12, beats on revs
    • BioMarin Pharmaceutical (BMRN) beats by $0.39, beats on revs; guides FY25 EPS above consensus, revs above consensus
    • BridgeBio Pharma (BBIO) misses by $0.28, beats on revs
    • Builders FirstSource (BLDR) beats by $0.19, misses on revs; guides FY25 revs in-line
    • Cameco (CCJ) beats by $0.35, beats on revs
    • CareDx (CDNA) announces study showing AlloSeq cfDNA highly accurate in detecting rejection in organ transplant patients
    • Carvana (CVNA) beats by $0.25, beats on revs; expects significant growth in retail units sold and adjusted EBITDA in FY25
    • CenterPoint (CNP) misses by $0.01; reaffirms FY25 EPS guidance
    • CF Industries (CF) beats by $0.35, beats on revs
    • Cheesecake Factory (CAKE) beats by $0.12, reports revs in-line; projects FY25 revenue above consensus
    • Cheniere Energy (LNG) beats by $1.62, reports revs in-line
    • Cheniere Energy Partners (CQP) misses by $0.02, beats on revs
    • Choice Hotels (CHH) beats by $0.07, beats on revs; guides FY25 EPS in-line
    • Churchill Downs (CHDN) beats by $0.01, reports revs in-line
    • Clearwater Analytics (CWAN) beats by $0.02, beats on revs; guides Q1 revs above consensus; guides FY25 revs above consensus
    • Coeur Mining (CDE) misses by $0.03, misses on revs
    • Constellium (CSTM) reports Q4 (Dec) results, beats on revs; Issues FY25 adjusted EBITDA guidance
    • Cushman & Wakefield (CWK) reports EPS in-line, beats on revs
    • Dana Inc (DAN) beats by $0.15, misses on revs; guides FY25 EPS above consensus, revs in-line
    • DigitalBridge (DBRG) reports Q4 (Dec) results, misses on revs
    • Donegal Group Inc. (DGICA) announces fourth quarter results; continues to implement premium rate increases; also actively pursuing new business opportunities across our regional footprint
    • Dun & Bradstreet (DNB) misses by $0.02, misses on revs; guides FY25 EPS below consensus, revs below consensus
    • Endava (DAVA) beats by GBP0.05, reports revs in-line; guides Q3 EPS above consensus, revs below consensus; guides FY25 EPS above consensus, revs below consensus; announces buyback
    • Enovix (ENVX) misses by $0.01, beats on revs; guides Q1 EPS in-line, revs below consensus
    • Enviri Corporation (NVRI) beats by $0.06, misses on revs; guides Q1 EPS below two analyst estimate; guides FY25 EPS below consensus
    • EPAM Systems (EPAM) beats by $0.09, beats on revs; guides Q1 EPS below consensus, revs above consensus; guides FY25 EPS below consensus, revs in-line
    • Equinox Gold (EQX) misses by $0.04, beats on revs; provides FY25 outlook
    • ESAB Corp. (ESAB) beats by $0.12, beats on revs; guides FY25 EPS below consensus
    • Exact Sciences (EXAS) beats by $0.25, beats on revs; guides FY25 revs in-line
    • First Majestic Silver (AG) reports EPS in-line, beats on revs
    • Freshpet (FRPT) misses by $0.05, reports revs in-line; guides FY25 revs below consensus
    • FTI Consulting (FCN) misses by $0.17, misses on revs; guides FY25 EPS below consensus, revs below consensus
    • Gannett (GCI) announces fourth quarter 2024 results & business outlook
    • Genco Shipping & Trading (GNK) misses by $0.01, beats on revs
    • Gerdau S.A. (GGB) reports Q4 results; approves new buyback program
    • Grab (GRAB) reports EPS in-line, revs in-line
    • Grand Canyon Education (LOPE) beats by $0.01, beats on revs; guides Q1 EPS below two analyst estimate, revs above two analyst estimate; guides FY25 EPS in-line, revs in-line
    • Hasbro (HAS) beats by $0.11, beats on revs
    • Herbalife Nutrition (HLF) beats by $0.17, beats on revs; guides Q1 revs below consensus; guides FY25 revs in-line; names new CEO
    • HF Sinclair (DINO) misses by $0.13, reports revs in-line
    • HNI (HNI) beats by $0.13, misses on revs; Provides outlook for Q1 and FY25, including expectation of double-digit EPS growth in 2025
    • Host Hotels (HST) beats by $0.04, beats on revs; guides FY25 FFO below consensus, revs above consensus
    • ICON plc (ICLR) reports EPS in-line, revs in-line; Authorizes new share repurchase program up to $750 mln
    • IdaCorp (IDA) beats by $0.07; guides FY25 EPS in-line
    • IMAX (IMAX) misses by $0.01, misses on revs
    • Innovative Industrial Properties (IIPR) beats by $0.01, reports revs in-line
    • Insmed (INSM) misses by $0.16, beats on revs
    • Integer Holdings (ITGR) misses by $0.02, reports revs in-line; guides FY25 EPS in-line, revs above consensus
    • Jackson Financial (JXN) misses by $0.23, beats on revs
    • Kaiser Alum (KALU) misses by $0.08 (two analyst estimate), beats on revs; Provides 2025 outlook
    • Klaviyo (KVYO) beats by $0.01, beats on revs; guides Q1 revs above consensus; guides FY25 revs above consensus
    • Lamar Advertising (LAMR) beats by $0.04, reports revs in-line; guides FY25 FFO below consensus
    • Laureate Education (LAUR) beats by $0.20, beats on revs; guides FY25 revs below consensus
    • Leonardo DRS (DRS) beats by $0.03, beats on revs; guides FY25 EPS in-line, revs above consensus; initiates a quarterly dividend; authorizes a $75 mln share repurchase program
    • LKQ (LKQ) beats by $0.06, misses on revs; guides FY25 EPS in-line
    • Lloyds Banking (LYG) reports FY24 results; provides outlooks for 2025 and 2026; raises dividend
    • Manulife Financial (MFC) beats by C$0.37; increases dividend by 10% and announced NCIB permitting repurchasing up to 3% of outstanding shares
    • McGrath RentCorp (MGRC) beats by $0.09, misses on revs; guides FY25 revs in-line; increases dividend
    • Mercedes-Benz Group AG (MBGYY) reports FY24 results; provides FY25 outlook; updates dividend and buyback
    • Mister Car Wash (MCW) beats by $0.02, beats on revs; guides FY25 EPS above consensus, revs below consensus
    • NerdWallet (NRDS) beats by $0.50, beats on revs; guides Q1 revs above consensus; names new CFO
    • NetEase (NTES) beats by RMB2.55, misses on revs
    • NICE (NICE) beats by $0.07, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY25 EPS in-line, revs below consensus
    • Nordson (NDSN) misses by $0.03, misses on revs; guides Q2 EPS in-line, revs in-line
    • Northern Oil & Gas (NOG) beats by $0.02, misses on revs; provides FY25 production guidance
    • Nutrien (NTR) misses by $0.02, reports revs in-line
    • Oceaneering Intl (OII) misses by $0.03, beats on revs
    • ONE Gas (OGS) beats by $0.01, misses on revs; guides FY25 EPS in-line
    • Orion Engineered Carbons (OEC) beats by $0.14, reports revs in-line; guides FY25 EPS in-line
    • Pan Am Silver (PAAS) reports EPS in-line, beats on revs; Provides 2025 operating outlook
    • Park Hotels & Resorts (PK) misses by $0.01, beats on revs; guides FY25 FFO in-line, revs in-line
    • Pediatrix Medical Group (MD) beats by $0.14, beats on revs; Issues FY25 adjusted EBITDA guidance
    • Piedmont Lithium (PLL) reports Q4 results; merger with Sayona Mining expected closing in mid-2025
    • Pool (POOL) beats by $0.06, beats on revs; guides FY25 EPS below consensus
    • PRA Group (PRA) beats by $0.03, beats on revs
    • Procter & Gamble (PG) at conference says its FY25 guidance will be at the low end of prior range (EPS range $6.91-$7.05, FactSet consensus $6.93, revenue range $85.72-$87.40 bln, FactSet consensus $85.226 bln)
    • Quanta Services (PWR) beats by $0.32, reports revs in-line; guides FY25 EPS in-line, revs in-line
    • Raymond James (RJF) reports January operating data
    • Reliance, Inc. (RS) reports Q4 results, misses on EPS, beats on revs; guides Q1 EPS below consensus; increases dividend
    • Remitly Global (RELY) reports Q4 (Dec) results, beats on revs; guides Q1 revs in-line; guides FY25 revs above consensus
    • Repligen (RGEN) beats by $0.03, reports revs in-line; guides FY25 EPS in-line, revs in-line
    • Sabra Health Care REIT (SBRA) beats by $0.01, beats on revs; guides FY25 FFO below consensus
    • Sabre (SABR) beats by $0.02, reports revs in-line
    • SAP SE (SAP) proposes dividend raise of 6.8%
    • Shake Shack (SHAK) beats by $0.01, reports revs in-line; guides Q1 revs below consensus; guides FY25 revs in-line
    • SM Energy (SM) misses by $0.01, reports revs in-line; provides FY25 guidance
    • Somnigroup International (SGI) beats by $0.04, beats on revs; guides FY25 EPS in-line; raises dividend
    • Southern (SO) misses by $0.01, beats on revs
    • SpringWorks Therapeutics (SWTX) misses by $0.33
    • Sturm Ruger (RGR) reports EPS in-line (single est), beats on revs (single est)
    • Talkspace (TALK) announces fourth quarter results with 2025 guidance
    • Tanger Factory (SKT) beats by $0.02, beats on revs; guides FY25 FFO in-line
    • Targa Resources (TRGP) reports Q4 results; misses on revs
    • Taseko Mines (TGB) reports in-line results; misses on revs
    • Teck Resources (TECK) beats by CAC0.11, beats on revs
    • Teekay Tankers (TNK) beats by $0.03
    • Tenaris (TS) beats by $0.25, beats on revs, names new CFO
    • Toast (TOST) reports Q4 results, beats prior guidance for adjusted EBITDA, beats on revs
    • Trinity Industries (TRN) beats by $0.06, beats on revs; guides FY25 EPS in-line
    • TripAdvisor (TRIP) beats by $0.09, beats on revs
    • Trupanion (TRUP) misses by $0.04, reports revs in-line
    • Upbound Group (UPBD) beats by $0.02, beats on revs
    • Unity Software (U) reports Q4 (Dec) results, beats on revs; guides Q1 revs below consensus
    • US Foods (USFD) reaffirms FY25 guidance at CAGNY Conference
    • Utz Brands (UTZ) beats by $0.03, misses on revs
    • Valaris (VAL) beats by $0.83, beats on revs
    • Vale S.A. (VALE) reports Q4 results; approves dividend; new share buyback program
    • Vimeo (VMEO) misses by $0.02, beats on revs; guides Q1 revs in-line
    • Vital Energy (VTLE) beats by $0.06, misses on revs; provides guidance
    • Walmart (WMT) beats by $0.01, reports revs in-line; guides Q1 EPS below consensus; guides FY26 EPS below consensus, increases dividend
    • Wayfair (W) misses by $0.24, beats on revs
  • General News
    • President Trump considering plan to give 20% of Department of Government Efficiency savings back to taxpayers, according to Bloomberg
    • President Trump will meet with some Democrats next week to try to get bipartisan support for agenda, according to The Hill
    • President Trump could impose tariffs on lumber next month, according to Reuters
    • President Trump said he is speaking to China to find solution on TikTok, according to Reuters
    • South Korea imposes tariffs on China steel plates, according to Reuters
    • Federal Trade Commission launches inquiry on tech censorship
    • Senator Mitch McConnell (R-KY) will not seek re-election in 2026, according to AP
    • U.S. Transportation Secretary Duffy announces review of California high-speed rail project
    • US discussing improved deal where Ukraine would hand over some minerals to US, according to Axios
    • Sente confirms Kash Patel as FBI director for a 10 year term by a vote of 51-49
    • AAON (AAON) appoints Matt Tobolski as new CEO, effective on May 13
    • Accenture (ACN) announces an investment in Voltron Data, a company that is building software to unlock the next generation of accelerated computing that underpins modern AI applications
    • Affirm (AFRM) and Shopify (SHOP) announce an expanded global agreement
    • Alphabet's (GOOG) YouTube planning lower priced paid video service, according to Bloomberg
    • Altria (MO): New York files lawsuit against distributors of electronic cigarettes because of marketing to teens, according to AP
    • Amazon (AMZN) MGM Studios announces new joint venture with Michael G. Wilson and Barbara Broccoli for James Bond franchise rights
    • Apellis Pharmaceuticals (APLS) and Sobi receive EMA Validation of Indication Extension Application for Aspaveli
    • Applied materials (AMAT) accelerates chip defect review with next-gen ebeam system
    • Asbury Automotive (ABG) appoints Daniel Clara as COO, effective Feb 17
    • AXIS Capital (AXS) announces a new $400 mln share repurchase authorization
    • BigBear.ai (BBAI) will provide Trueface facial biometric solutions for consumer payment transactions made across SoftPoint’s network of established retail partners through SoftPointPay
    • Bio-Techne (TECH) launches an expanded menu of human and mouse RNAscope in situ hybridization probes to advance spatial biology research and the development of next-generation therapeutics and diagnostics
    • BitFuFu (FUFU) acquires 51MW Operational Data Center in Oklahoma, expanding U.S. mining footprint
    • Bragg Gaming Group (BRAG) has entered into an online casino content agreement with Canadian operator Loto-Québec, the only 100% legal and local casino site in the province of Loto-Québec
    • China Yuchai (CYD) entered into a comprehensive strategic cooperation agreement with Kim Long Motor Hue
    • Churchill Downs Incorporated (CHDN) unveils multi-year series of capital projects for Churchill downs racetrack
    • Coca-Cola (KO) increases quarterly cash dividend 5.2% to $0.51/share from $0.485/share
    • Corning (GLW): Airspan Networks Holdings has entered into a definitive agreement to acquire the wireless business of Corning Incorporated
    • CrowdStrike (CRWD) and Shawn Henry, the Company’s current Chief Security Officer and a named executive officer, mutually agreed that Mr. Henry will retire effective as of March 31, 2025
    • CSL Limited (CSLLY) receives approval in Japan for ANDEMBRY (garadacimab) Subcutaneous Injection 200mg pens, a novel human anti-activated factor XII monoclonal antibody for the prevention of Acute Attacks of Hereditary Angioedema
    • Dave, Inc. (DAVE) completes changes to its optional "Tips" and instant transfer feature for using its ExtraCash service
    • Delta (DAL) will offer $30,000 to each passenger in Toronto crash landing, according to Bloomberg
    • Dollar Tree (DLTR): Apollo Global Management (APO) & Sycamore among possible bidders for Family Dollar, which is operated by DLTR, according to Reuters
    • Eli Lilly (LLY): Some weight loss drug trial participants are losing too much weight, according to Stat News
    • Emerson (EMR) and Zitara Technologies form a strategic partnership that will integrate Zitara's cutting-edge software into Emerson's Ovation automation platform
    • Exodus Movement (EXOD) announces the integration of PayPal's (PYPL) Venmo as a payment method through its partnership with MoonPay, a global payments infrastructure provider
    • Ferrari (RACE) Board to recommend dividend distribution of Euro 2.986 per common share, up approximately 22% compared to the prior year
    • Fiserv (FI) has authorized it to repurchase 60 mln shares of the company’s common stock, which is in addition to the shares remaining available under the company’s existing authorization
    • GE Vernova (GEV) plans to participate in joint bid for Japan power grid, according to Nikkei
    • GlaxoSmithKline (GSK) receives acceptance of NDA for Nucala in China
    • Hasbro (HAS) is unveiling a new strategic plan, 'Playing to Win' taking the company through 2027
    • Herbalife Nutrition (HLF) announces its Board of Directors has appointed President, Stephan Gratziani as Chief Executive Officer effective May 1, 2025
    • Hologic (HOLX) receives CE Mark for Affirm Contrast Biopsy Software
    • Infineon (IFNNY): EU Commission approves €920 million German State aid measure to support Infineon in setting up a new semiconductor manufacturing facility
    • Interpublic (IPG) recently signed advertising contract with social media company X, according to the Wall Street Journal
    • InvenTrust Properties (IVT) amended Equity Distribution Agreement (also filed shelf offering)
    • Ionis Pharma (IONS) announces that it will present additional data from the pivotal Phase 3 OASIS and OASISplus studies, as well as three year data from the Phase 2 open-label extension study of donidalorsen, the company’s investigational RNA-targeted prophylactic medicine for hereditary angioedema
    • iQIYI (IQ) announces the pricing of its upsized offering of US$350 mln in aggregate principal amount of 4.625% convertible senior notes due 2030
    • Jackson Financial (JXN) increases quarterly cash dividend 14% to $0.80/share from $0.70/share
    • KBR (KBR) increases quarterly cash dividend to $0.165/share from $0.15/share
    • Matthews International (MATW) shareholders elect all three of Matthews’ Director nominees at 2025 Annual Meeting
    • NioCorp Developments Ltd. (NB) became aware of unauthorized third-party access to its information systems
    • Old National Bancorp (ONB) announces that its Board of Directors approved a stock repurchase program which authorizes the repurchase of up to $200 mln of the Company’s common stock
    • Omeros (OMER) announces statistical analysis results related to the expanded access program for narsoplimab, Omeros’ first-in-class monoclonal antibody inhibiting the lectin pathway of complement, in the treatment of hematopoietic stem cell transplant-associated thrombotic microangiopathy, a life-threatening complication in both adult and pediatric hematopoietic stem cell transplantation
    • Open Text (OTEX) announces OpenText Core Threat Detection and Response, a new AI-powered cybersecurity solution for threat detection to be generally availability with Cloud Editions 25.2
    • Petrobras (PBR) signs LNG purchase and sale contract with British company Centrica
    • Pfizer (PFE) aiming to stop work on hemophilia gene therapy, according to Nikkei
    • Qualcomm (QCOM): Ming Chi Kuo says "Following Qualcomm, Broadcom's (AVGO) Wi-Fi chips will also be replaced by Apple's (AAPL) in-house chips at a faster pace. My latest industry survey indicates that all new 2H25 iPhone 17 models will feature Apple's in-house Wi-Fi chips (vs. only the slim iPhone 17 will adopt Apple's C1 modem chip). Beyond cost reduction, the switch to in-house Wi-Fi chips will enhance connectivity across Apple devices"
    • Rackspace Technology (RXT) announces partnership with Seattle Children's Hospital
    • Revvity (RVTY) announced that the Massachusetts Superior Court has ruled in its favor and will issue a permanent injunction to enforce Revvity’s rights under its agreements with Cloud Software Group related to the Spotfire software
    • Rio Tinto (RIO) considering plans if US imposes tariffs on Mexico, according to the Wall Street Journal
    • RTX's (RTX) Pratt & Whitney completed the detailed design review of its Next-Generation Adaptive Propulsion offering with the U.S. Air Force
    • RTX's (RTX) Pratt & Whitney awarded a three-year contract valued up to $1.5 billion to sustain F119 engines, which power the U.S. Air Force's F-22 fighter jets
    • Salesforce (CRM) in discussions with Microsoft (MSFT), Oracle (ORCL), and Google (GOOG, GOOGL) regarding cloud deal on artificial intelligence, according to The Information
    • Sanofi (SNY) treatment of autoimmune hemolytic anemia (rilzabrutinib) granted orphan status
    • Service Corp (SCI) increases quarterly cash dividend 6.7% to $0.32/share from $0.30/share
    • ServisFirst Bancshares (SFBS) appoints David Sparacio as CFO, effective on March 10
    • Silicon Labs (SLAB) announces the award of a $23 mln grant from the Texas Semiconductor Innovation Fund established by the Texas CHIPS Act
    • Starbucks (SBUX) CEO Brian Niccol plan to turnaround the company, according to the Wall Street Journal
    • Tesla (TSLA): Regulators concerned about death at Tesla plant, according to Reuters
    • Timken (TKR) filed for mixed securities shelf offering
    • Unisys (UIS) elected Chris Arrasmith to Executive Vice President and Chief Operating Officer, effective April 1, 2025
    • V2X (VVX) awarded a $21 million firm-fixed-price contract to continue sustaining critical avionics and electronic warfare systems for the U.S. Air Force
    • Versus Systems (VS) announces the renewal of its partnership with the Texas Rangers for the 2025 Major League Baseball season
    • Vizsla Silver Corp. (VZLA) announces filing of updated technical report
    • Walmart (WMT) increases quarterly cash dividend 13% TO $0.235/share from $0.2075/share
    • Walt Disney's (DIS) ESPN planning to add some user generated content to streaming services, according to CNBC
    • Waterdrop (WDH) Partners with DeepSeek to Revolutionize Insurance Services with AI-Powered Experts
    • Xerox (XRX) declared a quarterly dividend of $0.125 per share, down from prior $0.25 per share
  • Upgrades:
    • Amplitude (AMPL) upgraded to Outperform from Neutral at Robert W. Baird; tgt raised to $17
    • Assurant (AIZ) upgraded to Outperform from Mkt Perform at Keefe Bruyette; tgt raised to $230
    • BP (BP) upgraded to Neutral from Underweight at JP Morgan
    • Clearwater Analytics (CWAN) upgraded to Overweight from Neutral at Piper Sandler; tgt raised to $36
    • CMS Energy (CMS) upgraded to Overweight from Equal Weight at Barclays; tgt raised to $75
    • Lam Research (LRCX) upgraded to Positive from Neutral at Susquehanna; tgt raised to $125
    • NXP Semi (NXPI) upgraded to Buy from Neutral at Citigroup; tgt raised to $290
    • Ormat Tech (ORA) upgraded to Buy from Hold at Jefferies; tgt raised to $78
    • Philips (PHG) upgraded to Buy from Neutral at UBS
    • Roku (ROKU) upgraded to Hold from Underperform at Jefferies; tgt raised to $100
    • Snowflake (SNOW) upgraded to Buy from Neutral at BTIG Research; tgt $220
    • SolarEdge Technologies (SEDG) upgraded to Equal-Weight from Underweight at Morgan Stanley; tgt raised to $18
  • Downgrades:
    • Celanese (CE) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $56
    • DTE Energy (DTE) downgraded to Equal Weight from Overweight at Barclays; tgt lowered to $135
    • Enlight Renewable Energy Ltd. (ENLT) downgraded to Peer Perform from Outperform at Wolfe Research
    • Eos Energy (EOSE) downgraded to Neutral from Buy at ROTH MKM; tgt raised to $5
    • Fiverr (FVRR) downgraded to Mkt Perform from Mkt Outperform at JMP Securities
    • SolarEdge Technologies (SEDG) downgraded to Under Perform from Market Perform at Northland Capital; tgt $15
    • SolarEdge Technologies (SEDG) downgraded to Underperform from Market Perform at BMO Capital Markets; tgt raised to $15
    • UBS AG (UBS) downgraded to Equal-Weight from Overweight at Morgan Stanley
  • Others:
    • Beta Bionics (BBNX) initiated with a Neutral at Robert W. Baird; tgt $20
    • Candel Therapeutics (CADL) initiated with a Buy at Citigroup; tgt $25
    • Electromed (ELMD) initiated with a Buy at B. Riley Securities; tgt $38
    • Palantir Technologies (PLTR) initiated with a Buy at Loop Capital; tgt $141
    • Park National (PRK) resumed with a Neutral at Piper Sandler; tgt $185.50
    • Palvella Therapeutics (PVLA) initiated with a Buy at Canaccord Genuity; tgt $39
    • Solaris Energy Infrastructure (SEI) resumed with an Overweight at Piper Sandler; tgt $37
  • Econ Data (Friday):
    • 9:45 ET: Flash February S&P Global U.S. Manufacturing PMI (prior 51.2) and flash February S&P Global U.S. Services PMI (prior 52.9) 
    • 10:00 ET: January Existing Home Sales (Briefing.com consensus 4.06 mln; prior 4.24 mln) and final February University of Michigan Consumer Sentiment (Briefing.com consensus 67.8; prior 67.8)
  • Earnings:
    • Monday (Feb 17)
      • Pre-Market: None
      • After-Hours: None
    • Tuesday (Feb 18)
      • Pre-Market: ALLE BIDU BLKB CC DFIN EXPD ETR FLR FELE WGS GPC HLMN MDT NEO SPNS TPH VMI VC VMC WSO WAY
      • After-Hours: ANDE ANET BMBL CDNS CE CYH CRK CSGP CVI DVN ESI EQT FLS HALO NGVT IOSP IFF JHX LZB MGY MTDR MFA OXY PEN PRDO RBA RUSHA WTTR FOUR SON TX TOL UIS
    • Wednesday (Feb 19)
      • Pre-Market: FOLD ADI APPN BLCO CRL CNK CLVT CLH ENLT NPO ETSY FVRR GRMN THRM ROCK GIL GLBE HR HBM IONS JLL KRYS LPX MTRN OGE OSW PSN PHG PRG PUMP SCL TNL TRMB WING WIX WWW
      • After-Hours: ACVA AGI AWR AWK AMPL ANSS BTG BHC BMRN CVNA CF CAKE CHDN CWAN CDE ENVX EQX EXAS GNK LOPE HLF HST ICLR IMAX IIPR JXN KALU KVYO MFC MGRC MCW NRDS NDSN NOG OII OGS KAR OEC PAAS PK PRAA RELY SBRA SM SEDG RGR SKT TOST TS TRUP VMEO VTLE
    • Thursday (Feb 20)
      • Pre-Market: BABA ALIT COLD ARDX ATHM BAND BAX BIGC BILI BIRK BLDR CCJ CVE CNP LNG CHH CSTM CNR CWK DAN DBRG DNB DAVA NVRI EPAM ESAB FRPT FCN HAS DINO HNI IDA INSM ITGR LAMR LAUR DRS LKQ NTES NICE NTR MD POOL PRMB PWR RS RGEN SABR SHAK SO SWTX TECK TPX TRN TRIP U UPBD UTZ WMT W
      • After-Hours: ACCO AKAM ALRM LNT AMH AMN BBDC BJRI XYZ BCC BKNG CARG ED DBX EIG EVH EXPI FNF FIVN FND FYBR GLPI GKOS GMED GDYN GH INDI PODD IRTC LYV MP MELI NEM NVEE RXT REZI RNG RIVN RYAN RHP SEM SFM SVV TXRH OLED VICI VICR WSC WKC
    • Friday (Feb 21)
      • Pre-Market: ATMU BCPC BRC OIS SHO TDS TXNM TCOM UNIT VIPS
      • After-Hours: HE
    • General Motors: 5,000 members at GM's Arlington, TX assembly plant join UAW strike
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