After Hours Report

Stocks had a volatile start to the holiday-abbreviated week, with the slight gains across the S&P 500 (+0.1%), Nasdaq Composite (+0.1%), and DJIA (+0.1%) belying the intraday swings of the market. The Russell 2000 (flat) and S&P Mid Cap 400 (+0.1%) followed a similar course today and ended up on near flat lines. 

The major averages faced considerable losses this morning as the market opened to what appeared to be a continuation of weakness across its mega-cap components and many of its tech components. 

The information technology sector (+0.5%) traded as much as 1.0% lower in the morning but steadily chipped away at the early weakness, rising as much as 1.1% in the afternoon before finishing with a more modest gain. 

Several of the sector's largest components mounted solid advances that masked broader weakness in the sector. Apple (AAPL 263.88, +8.10, +3.17%) was a mega-cap standout ahead of potential new product launches on March 4, while NVIDIA (NVDA 184.97, +2.16, +1.18%) and Broadcom (AVGO 332.54, +7.37, +2.27%) helped the PHLX Semiconductor Index (flat) erase its early losses that neared 2.5%.

However, software names never found their footing, sending the iShares GS Software ETF (-2.2%) firmly lower.

Mega-cap performance was mixed outside of the technology sector, with the communication services sector (-0.6%) finishing lower amid weakness in Alphabet (GOOG 302.82, -3.20, -1.05%). 

CNBC reported that Netflix (NFLX 77.00, +0.13, +0.17%) has granted Warner Bros. Discovery (WBD 28.75, +0.76, +2.72%) a seven-day waiver to reopen potential deal talks with Paramount Skydance (PSKY 10.83, +0.51, +4.94%), which traded sharply higher today.

The consumer discretionary sector finished flat, as Tesla (TSLA 410.63, -6.81, -1.63%) was a mega-cap laggard, while Amazon (AMZN 201.15, +2.36, +1.19%) notched its first higher finish since Monday, February 2. All told, the Vanguard Mega Cap Growth ETF finished 0.3% higher. 

Elsewhere in the sector, Norwegian Cruise Line (NCLH 24.12, +2.63, +12.24%) was the best-performing S&P 500 stock after Eliott Investment Management disclosed a roughly 10% stake in the company, while Genuine Parts (GPC 125.75, -21.41, -14.55%) was the worst-performing S&P 500 component following an earnings miss and plans to split into two distinct companies. 

Other cyclical sectors posted mixed performances today. 

The financials sector (+1.0%) outperformed amid solid performances across major banking and card names, while Fiserv (FISV 63.45, +4.09, +6.89%) notched the widest after The Wall Street Journal reported that Jana Partners has built a stake of undetermined size in the company.

The industrials sector also finished nicely higher as Southwest Air (LUV 54.24, +3.14, +6.13%) rose after UBS upgraded the stock to Buy from Neutral, sending airline peers higher as well. 

Meanwhile, the energy sector (-1.4%) retreated as crude oil futures settled today's session $0.52 lower (-0.8%) at $62.33 per barrel amid optimistic developments in the negotiations between the U.S. and Iran. 

Similarly, decreasing precious metals prices sent the materials sector (-1.2%) lower, with Vulcan Materials (VMC 302.19, -25.46, -7.77%) a notable post-earnings laggard. 

Defensive sectors generally retreated as tech and other growth stocks shook off their early weakness. The consumer staples sector (-1.5%) closed with the widest loss today. After an impressive run-up, Walmart (WMT 128.85, -5.04, -3.76%) moved lower ahead of its earnigns this week. 

General Mills (GIS 44.96, -3.38, -6.98%) sunk after lowering its FY26 outlook, while other food brands such as Campbell Soup (CPB 27.77, -1.72, -5.83%) and Conagra (CAG 18.89, -0.87, -4.40%) lagged after HHS Secretary Kennedy said on 60 Minutes that ultra-processed foods are responsible for the country's obesity problems.

All told, it was an eventful start to the week, with earnings, guidance, brokerage research, and activist investors all generating some notable moves today. Action remains volatile across mega-cap and tech spaces, though the major averages were able to shake off the early weakness to notch slight gains today. 

U.S. Treasuries started the holiday-shortened week with a modest gain in the 30-year bond, while the 2-year note underperformed, giving back a chunk of its solid gain from Friday. The 2-year note yield settled up three basis points to 3.44%, the 10-year note yield finished unchanged at 4.05%, and the 30-year note yield settled down two basis points to 4.68%. 

• S&P Mid Cap 400: +7.9% YTD
• Russell 2000: +6.9% YTD
• DJIA: +3.1% YTD
• S&P 500: flat YTD
• Nasdaq Composite: -2.9% YTD

Reviewing today's data:

• February Empire State Manufacturing 7.1 (Briefing.com consensus 7.1); Prior 7.7
• February NAHB Housing Market Index 36 (Briefing.com consensus 38); Prior 37

Overseas:

• Europe: DAX +0.8%, FTSE +0.8%, CAC +0.5%
• Asia: Nikkei -0.4%, Hang Seng market closed, Shanghai market closed

Commodities:

• Crude Oil -0.52 @ 62.33
• Nat Gas -0.21 @ 3.03
• Gold -138.00 @ 4906.10
• Silver -4.21 @ 73.74
• Copper -0.16 @ 5.64

After-Hours Spotlight:

• Amrize (AMRZ) misses by $0.03, misses on revs; guides FY26 revs in-line; Approves $1.0 bln share repurchase program, and also approves a special, one-time dividend of $0.44/share...AMRZ +4.6%
• AtriCure (ATRC) beats by $0.13, reports revs in-line; guides FY26 EPS above consensus, revs in-line...ATRC +9.2%
• Axcelis Tech (ACLS) misses by $0.02, beats on revs; guides Q1 EPS below consensus, revs below consensus...ALCS -13.2%
• Hecla Mining (HL) beats by $0.02, beats on revs...HL +4.7%
• La-Z-Boy (LZB) beats by $0.02, beats on revs; guides Q4 revs below consensus...LZB -7.0%
• MKS Inc. (MKSI) beats by $0.01, beats on revs; guides Q1 EPS in-line, revs in-line...MKSI  -7.6%
• Palo Alto Networks (PANW) beats by $0.09, reports revs in-line; guides Q3 EPS below consensus, revs above consensus; guides FY26 EPS below consensus, revs above consensus...PANW -6.5%
• Pitney Bowes (PBI) beats by $0.08, misses on revs; guides FY26 EPS above consensus, revs in-line...PBI +9.4%
• Rush Street Interactive (RSI) misses by $0.02, beats on revs; guides FY26 revs above consensus...RSI +2.6%
• Similarweb (SMWB) Announces Fourth Quarter and Fiscal 2025 Results...SMWB -15.9%
• Tactile Systems Technology, Inc. (TCMD) reports fourth quarter and full year 2025 financial results...TCMD +19.6%
• Toll Brothers (TOL) beats by $0.08, beats on revs; reaffirms FY26 outlook for deliveries...TOL -0.7%

Fair Value for Wednesday, February 18:

• S&P 500: 6,858
• Nasdaq 100: 24,766
• DJIA: 49,599

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

• Earnings/Guidance (Full Earnings Calendar):
  • Allegion (ALLE) misses by $0.05, reports revs in-line; guides FY26 EPS in-line, revs in-line
  • APi Group (APG) sees FY25 revs comfortably above midpoint of guidance
  • BHP Group (BHP) reports half year results
  • Builders FirstSource (BLDR) misses by $0.13, misses on revs; guides FY26 revs in-line
  • Ceva (CEVA) reports EPS in-line, revs in-line
  • Conagra (CAG) reaffirms FY26 guidance ahead of CAGNY Presentation
  • Donnelley Financial (DFIN) beats by $0.29, beats on revs; guides Q1 revs in-line
  • DTE Energy (DTE) beats by $0.12; reaffirms FY26 EPS guidance
  • eToro Group Ltd (ETOR) beats by $0.10; authorizes $100 mln increase to share repurchase program
  • Exact Sciences (EXAS) misses by $0.34, beats on revs; note: co previously announced it's being acquired
  • Fluor (FLR) misses by $0.01, misses on revs
  • General Mills (GIS) lowers FY26 guidance ahead of Consumer Analyst Group of New York Conference
  • Genuine Parts (GPC) misses by $0.26, reports revs in-line; guides FY26 EPS below consensus, revs in-line; increases dividend; announces spinoff
  • Hillman Solutions Corp. (HLMN) reports EPS in-line, misses on revs; guides FY26 revs in-line
  • HIVE Digital Technologies (HIVE) reports Q3 results
  • IDEAYA Biosciences (IDYA) beats by $0.01, beats on revs
  • Intercontinental Hotels Group (IHG) reports FY25 results; reports FY25 EPS of GBP 501 pence vs. GBP 503 pence FactSet consensus; revs +7% yr/yr to GBP 2.468 bln
  • Inventiva (IVA) reports FY25 results
  • Knife River Corp. (KNF) beats by $0.16, beats on revs; guides FY26 revs above consensus
  • Krystal Biotech (KRYS) beats by $0.13, beats on revs
  • Labcorp Holdings Inc. (LH) beats by $0.13, misses on revs; guides FY26 EPS above consensus
  • Leidos (LDOS) beats by $0.15, misses on revs; guides FY26 EPS in-line, revs in-line
  • Louisiana-Pacific (LPX) beats by $0.04, misses on revs
  • Medtronic (MDT) beats by $0.02, misses on revs; reaffirms FY26 EPS guidance
  • National Energy Services Reunited (NESR) beats by $0.07, beats on revs
  • NeoGenomics (NEO) beats by $0.02, reports revs in-line; guides FY26 revs in-line
  • Otter Tail Power (OTTR) misses by $0.09, reports revs in-line
  • Portland Gen Elec (POR) reports Q4 (Dec) results; guides FY26 EPS in-line
  • Shutterstock (SSTK) beats by $0.14, misses on revs
  • Sonoco Products (SON) beats by $0.05, reports revs in-line; guides FY26 EPS in-line
  • Sunoco LP (SUN) reports Q4 (Dec) results, misses on revs
  • Valmont (VMI) misses by $0.04, reports revs in-line; guides FY26 EPS in-line, revs in-line
  • Vulcan Materials (VMC) misses by $0.41, misses on revs
  • Watsco (WSO) misses by $0.20, misses on revs; Boosts annual dividend 10% to $13.20/share
  • Waystar Holding Corp. (WAY) misses by $0.03, beats on revs; guides FY26 EPS in-line, revs in-line
  • Wheaton Precious Metals (WPM) tops 2025 output guidance; guides 860k–940k GEOs in 2026, targets 1.2 mln by 2030
  • Woodside Energy Group (WDS) reports 1.88 bln boe 1P reserves at year-end 2025; 2P at 3.0 bln boe
• General News
  • President Trump told reporters that regime change will be the best thing to happen to Iran, according to NY Times
  • Secretary of State Marco Rubio reassured Europe that U.S. will not leave NATO, according to FT
  • The U.S. military is preparing for Iran operations that could last weeks if President Trump orders an attack. U.S. and Iran will hold diplomatic talks today, according to Reuters
  • Portions of the Strait of Hormuz will be closed for several hours today as Iran conducts military drills, according to Bloomberg
  • Iran says aircraft, energy, and mining deals are on the table as U.S. talks continue, according to Reuters
  • The White House is considering forcing data center builders to absorb utility costs, according to CNBC
  • DHS enters shutdown as talks continue, NBC News
  • President Trump says that Board of Peace member states will pledge $5 billion for Gaza reconstruction efforts
  • HHS Secretary RFK Jr. in an interview, says ultra-processed foods are to blame for America's obesity problem, 60 Minutes
  • NYC's projected $12 billion budget deficit could threaten Mayor Zohran Mamdani's ambitions, according to WSJ
  • Canadian Prime Minister Mark Carney announced that Janice Charette has been appointed as the next Chief Trade Negotiator to the United States
  • Fed Vice Chair for Supervision Michelle Bowman gives speech on regulation
  • The Trump administration will release Gateway Tunnel funding, according to NY Times
  • Germany getting close to child social media ban, according to Bloomberg
  • Alibaba (BABA) upgrades artificial intelligence model, according to Bloomberg
  • American Electric (AEP): Transource Energy and FirstEnergy Transmission Joint Venture Receive Approval for Major Electric Transmission Project in Central Ohio
  • Anthropic: The Pentagon is mulling ending its relationship with Anthropic, according to Axios
  • Apple (AAPL) introduces a new video podcast experience on Apple Podcasts
  • Apple (AAPL) expected to release new iPads and Macs on March 4, according to Bloomberg
  • ASP Isotopes (ASPI) announces its plans for Quantum Leap Energy, a wholly-owned subsidiary of ASPI dedicated to advancing innovative technologies and processes across critical segments of the fission and fusion nuclear fuel cycle, to establish QLE’s new global corporate headquarters in Austin, Texas, strengthening its presence in Texas and strategically positioning the Company to better serve its United States customer base
  • Axsome Therapeutics (AXSM) has entered into a settlement agreement with Alkem Laboratories Ltd. resolving patent litigation related to Axsome’s product SUNOSI
  • Badger Meter (BMI) increases its share repurchase authorization by $75 mln bringing the total share repurchase authorization to $150 mln
  • BCE Inc's (BCE) Bell Cyber and Radware (RDWR) expand AI-driven, cloud-delivered security services to address evolving cyber threats
  • Bowman Consulting Group (BWMN) announces retirement plan for Founder and CEO Gary Bowman; Board initiates search process, Mr. Bowman expected to remain CEO until successor appointed
  • Bristol-Myers (BMY) announces that the U.S. Food and Drug Administration has accepted a New Drug Application for iberdomide combined with standard treatment in patients with relapsed or refractory multiple myeloma
  • ByteDance is developing an artificial intelligence model to create high-quality video from text, according to WSJ
  • CEA Industries (BNC) issues statement refuting YZi Labs’ latest claims; Confirms BNC is fully compliant with Nasdaq rules for holding the annual meeting
  • CME Group (CME) announces its event contracts reached a new milestone of 100 mln contracts traded since launch in December
  • COMPASS Pathways (CMPS) announces successful achievement of the primary endpoint in the ongoing Phase 3 COMP006 trial
  • Cytokinetics (CYTK) announces that the European Commission has approved MYQORZO (aficamten), 5 mg, 10 mg, 15 mg and 20 mg tablets for the treatment of symptomatic (New York Heart Association, NYHA, class II-III) obstructive hypertrophic cardiomyopathy in adult patients
  • Daiichi Sankyo (DSNKY): BostonGene announces a strategic collaboration with Daiichi Sankyo
  • Edwards Lifesciences (EW): EU Commission closes antitrust investigation following the withdrawal by Edwards Lifesciences of its disputed company policy
  • Elbit Systems (ESLT) secures $435 mln in multi-year international defense awards
  • e.l.f. Beauty (ELF) appoints Matthew Farrell, former CEO of Church & Dwight (CHD), to its Board of Directors
  • Eli Lilly (LLY) reports Phase 3 adjuvant win for Retevmo in early-stage RET+ NSCLC
  • Eli Lilly (LLY) interested in India as global export hub, according to Reuters
  • Entrada Therapeutics (TRDA) announces that an independent Data Monitoring Committee, per study protocol, has reviewed all available safety and PK data from the eight patients who completed dosing in Cohort 1 of the double-blinded, placebo-controlled, multiple ascending dose portion of ELEVATE-44-201
  • Figure Technology Solutions (FIGR) acknowledges data breach, according to TechCrunch
  • FirstEnergy (FE) selects site for new natural gas power plant
  • Fiserv (FISV): Jana Partners built stake in FISV and will push for changes, according to WSJ
  • Fluor (FLR) has completed another significant milestone involving the sale of 71 million shares of NuScale Power Corporation (SMR), generating gross sales proceeds of $1.35 billio
  • Ford (F): The Trump administration discussed the U.S.-China car partnership with Ford CEO Jim Farley, according to Bloomberg
  • FTAI Aviation Ltd. (FTAI) has closed the acquisition of seven off-lease Airbus (EADSY) aircraft from Air France to assist the airline in the continued modernization of its narrowbody fleet
  • GE Aerospace (GE): United Airl (UAL) orders 300 GEnx engines from GE Aerospace for 787 fleet expansion
  • Genuine Parts (GPC) making plans to separate into two public companies, according to WSJ
  • GlaxoSmithKline (GSK) receives EU approval for Exdensur in severe asthma and CRSwNP
  • GlaxoSmithKline (GSK) launches £0.45 bln fourth tranche under £2 bln buyback program
  • Goldman Sachs (GS) to end DEI criteria for Board, according to WSJ
  • Helix Energy (HLX), OneSubsea, Schlumberger (SLB) amend strategic alliance
  • Helus Pharma (HELP) publishes Helus pharma’s randomized, placebo-controlled phase 2a trial of SPL026 in major depressive disorder
  • Hyatt Hotels (H) announces chairman transition as Pritzker retires; CEO Hoplamazian assumes dual role
  • ImmunityBio (IBRX) announces that the Company held productive regulatory discussions with the Saudi Food and Drug Authority in Riyadh, convened under the Saudi-USA Biotech Alliance hosted by the Ministry of Investment of Saudi Arabia
  • Infosys (INFY) and Anthropic announce collaboration to unlock AI value across complex, regulated industries
  • Johnson & Johnson (JNJ) confirms that a jury in the Philadelphia Court of Common Pleas has found the company responsible for the company’s baby powder products contributing to the death of a Pennsylvania woman
  • JPMorgan Chase (JPM) reports January card metrics
  • L3Harris (LHX) wins ~$400 mln contract for THAAD propulsion systems
  • Levi Strauss (LEVI) & McCormick (MKC) among the companies increasing prices, according to WSJ
  • Lithia Motors (LAD) implements shift to align its IT and technology teams more closely
  • Lowe's (LOW) trading flat following report it is eliminating about 600 corporate and support roles, according to WSJ
  • MarineMax (HZO): Levin Capital Strategies is calling on the Company’s Board of Directors to initiate an immediate review of strategic alternatives following its prior failures to capitalize on credible acquisition offers
  • Medtronic (MDT) announces that the first U.S. commercial surgical case using its recently FDA-cleared Hugo robotic-assisted surgery system has been successfully performed by Jihad Kaouk, MD, professor and chair of the Glickman Urologic Institute and the Zegarac-Pollock Endowed Chair in Robotic Surgery at Cleveland Clinic
  • Meta Platforms (META): Spain Prime Minister Pedro Sanchez says "Council of Ministers will invoke Article 8 of the Organic Statute of the Public Prosecution Service to request that it investigate the crimes that X, Meta (META) and TikTok (ORCL) may be committing through the creation and dissemination of child pornography by means of their AI."
  • Micron (MU) aiming to spend $200 bln to expand memory capacity, according to WSJ
  • Microsoft (MSFT): OpenAi introduces Lockdown Mode and Elevated Risk labels in ChatGPT
  • Moderna (MRNA) receives European Commission marketing authorization for COVID-19 vaccine mNEXSPIKE
  • NatWest Group (NWG) launches £750 mln 2026 share buyback program
  • Nektar Therapeutics (NKTR) announces research collaboration with UCSF and Dr. Stephen Hauser for NKTR-0165, a Tumor Necrosis Factor Receptor 2 antibody, in multiple sclerosis
  • NextEra Energy (NEE) Transmission subsidiary and Exelon Corporation (EXC) welcome the PJM Board of Directors' approval of their proposed ~220-mile, 765-kV transmission line
  • Northrop Grumman (NOC) elects Admiral Christopher Grady, former vice chairman of the Joint Chiefs of Staff, to its board of directors
  • Norwegian Cruise Line (NCLH): Elliott Investment Management purchased 10% stake in NLCH, according to WSJ
  • Ocular Therapeutix (OCUL) announces positive topline results from the SOL-1 Phase 3 superiority trial of AXPAXLI, its investigational product candidate, for the treatment of wet age-related macular degeneration
  • Pfizer (PFE) announces "positive" topline progression-free (PFS) survival results from Cohort 3, a separate randomized cohort of the pivotal BREAKWATER trial, evaluating BRAFTOVI in combination with cetuximab and FOLFIRI in patients with previously untreated metastatic colorectal cancer with a BRAF V600E mutation
  • Qualcomm (QCOM): UK will withdraw lawsuit against QCOM over smartphone royalties, according to Reuters
  • Roche Hldg (RHHBY): Genentech reports Phase III results for Gazyva in Primary Membranous Nephropathy, Marking a Significant Milestone in This Autoimmune Disease
  • Rockwell Automation (ROK) announces that Perth County Ingredients has achieved dramatic reductions in maintenance workload, downtime and operational costs after implementing the Fiix computerized maintenance management system
  • Sanofi (SNY) reports two-season hospitalization benefit for Beyfortus in RSV study
  • Sanofi (SNY) and Teva's (TEVA) duvakitug phase 2b maintenance data demonstrated clinically meaningful durable efficacy in ulcerative colitis and Crohn’s disease
  • Science Applications (SAIC) appoints James Reagan to Chief Executive Officer, effective immediately
  • SpaceX competing in Pentagon contest to produce autonomous drone swarming technology, according to Bloomberg
  • Tennant (TNC) discloses in filing that it entered into cooperation agreement with Vision One Fund, LP and certain of its affiliates
  • TG Therapeutics (TGTX) announces the publication of long term/five-year data from the ongoing open-label extension of the Phase 3 ULTIMATE I and II studies evaluating BRIUMVI (ublituximab-xiiy) in adults with relapsing forms of multiple sclerosis
  • Tharimmune (THAR) announces corporate rebrand to Canton Strategic Holdings; New NASDAQ ticker symbol "CNTN" to begin trading February 18, 2026
  • Tower Semi (TSEM) announces availability of the world’s first heterogeneously integrated Dense Wavelength Division Multiplexing laser sources for AI infrastructure using Scintil’s SHIP technology
  • TripAdvisor (TRIP): Starboard wants big changes at TripAdvisor Board, according to WSJ
  • Twist Bioscience (TWST) has entered into a licensing agreement with Invenra Inc.
  • UnitedHealth's (UNH) Stephen Hemsley made side investments in healthcare startups, according to WSJ
  • US Foods (USFD) awarded a maximum $298.5 mln Defense Logistics Agency contract for full-line food and beverage items
  • Volkswagen (VWAGY) aiming to lower costs by 20% by 2028, according to Manager Magazine
  • Walt Disney (DIS) ticking higher on report it sent cease and desist letter to ByteDance, according to Axios

• Upgrades:
  • Accenture (ACN) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $275
    
  • Albemarle (ALB) upgraded to Buy from Neutral at BofA Securities, tgt $190
    
  • Cognex (CGNX) upgraded to Buy from Hold at HSBC, tgt $68
    
  • Dollar Tree (DLTR) upgraded to Buy from Neutral at Rothschild & Co Redburn, tgt $165
    
  • Jack Henry (JKHY) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $196
    
  • Liberty Energy (LBRT) upgraded to Buy from Neutral at BofA Securities, tgt $31
    
  • Marsh McLennan (MRSH) upgraded to Strong Buy from Outperform at Raymond James, tgt $225
    
  • Melco Resorts & Entertainment (MLCO) upgraded to Buy from Neutral at UBS, tgt $9.50
    
  • Shopify (SHOP) upgraded to Buy from Hold at Truist, tgt $150
    
  • Southwest Airlines (LUV) upgraded to Buy from Neutral at UBS, tgt $73
    
  • TransUnion (TRU) upgraded to Neutral from Underperform at BofA Securities, tgt $83
    
  • Truist Financial (TFC) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $69
    
  • Upstart (UPST) upgraded to Neutral from Sell at Compass Point, tgt $30
    
  • Veeva Systems (VEEV) upgraded to Equal Weight from Underweight at Morgan Stanley, tgt $205
• Downgrades:
  • Bath & Body Works (BBWI) downgraded to Neutral from Buy at Citigroup, tgt $25
    
  • ConocoPhillips (COP) downgraded to Neutral from Buy at Roth Capital, tgt $112
    
  • Dollar General (DG) downgraded to Sell from Neutral at Rothschild & Co Redburn, tgt $111
    
  • Eagle Materials (EXP) downgraded to Underweight from Neutral at JPMorgan, tgt $215
    
  • Enbridge (ENB) downgraded to Hold from Buy at Jefferies
    
  • ICON (ICLR) downgraded to Neutral from Buy at Rothschild & Co Redburn, tgt $100
    
  • Unilever (UL) downgraded to Hold from Buy at Kepler
    
  • Warner Bros. Discovery (WBD) downgraded to Neutral from Buy at Rothschild & Co Redburn, tgt $31
• Others:
  • AeroVironment (AVAV) initiated with an Overweight at JPMorgan, tgt $320
    
  • Autolus Therapeutics (AUTL) initiated with a Buy at H.C. Wainwright, tgt $9
    
  • BASF (BASFY) upgraded to Hold from Sell at Berenberg
    
  • BitGo (BTGO) initiated with a Buy at Citigroup, tgt $18
    
  • BitGo (BTGO) initiated with a Buy at Compass Point, tgt $17
    
  • BitGo (BTGO) initiated with a Buy at Deutsche Bank, tgt $17
    
  • BitGo (BTGO) initiated with a Neutral at Goldman, tgt $11.50
    
  • BitGo (BTGO) initiated with an Outperform at Mizuho, tgt $17
    
  • BitGo (BTGO) initiated with a Buy at Clear Street, tgt $18
  • BitGo (BTGO) initiated with an Overweight at Cantor Fitzgerald, tgt $18
    
  • Caris Life Sciences (CAI) initiated with an Outperform at Robert W. Baird, tgt $26
    
  • Cullinan Therapeutics (CGEM) initiated with a Buy at Citigroup, tgt $33
    
  • EquipmentShare (EQPT) initiated with a Buy at Goldman, tgt $51
    
  • EquipmentShare (EQPT) initiated with a Buy at Truist, tgt $43
    
  • EquipmentShare (EQPT) initiated with an Outperform at Robert W. Baird, tgt $63
    
  • EquipmentShare (EQPT) initiated with an Outperform at Citizens, tgt $42
    
  • EquipmentShare (EQPT) initiated with a Sector Weight at KeyBanc
    
  • Genmab (GMAB) resumed with a Buy at Jefferies, tgt $41.50
    
  • Grail (GRAL) initiated with an Outperform at Robert W. Baird, tgt $113
    
  • Guardant Health (GH) initiated with an Outperform at Robert W. Baird, tgt $120
    
  • Immutep (IMMP) initiated with an Outperform at Citizens, tgt $6
    
  • Karooooo (KARO) initiated with a Buy at Roth Capital, tgt $62
    
  • Tempus AI (TEM) initiated with an Outperform at Robert W. Baird, tgt $59

• Econ Data (Wednesday):
  • 7:00 ET: Weekly MBA Mortgage Index (prior -0.3%)
  • 8:30 ET: December Housing Starts (Briefing.com consensus 1.320 mln; October 1.246 mln) and December Building Permits (Briefing.com consensus 1.412 mln; October 1.330 mln), December Durable Orders (Briefing.com consensus -2.6%; prior 5.3%) and Orders ex-transportation (Briefing.com consensus 0.3%; prior 0.5%)
  • 9:15 ET: January Industrial Production (Briefing.com consensus 0.4%; prior 0.4%) and Capacity Utilization (Briefing.com consensus 76.5%; prior 76.3%)
  • 14:00 ET: January FOMC Minutes
  • 16:00 ET: December Net Long-Term TIC Flows (prior $220.2 bln)

• Earnings:
  • Monday (Feb 16)
    • Pre-Market: None
    • After-Hours: None
      
    Tuesday (Feb 17)
    • Pre-Market: ALLE BLDR CEVA CNH DFIN DTE ET ETOR FLR FELE GPC HRI HLMN ITRI KNF KRYS LH LDOS LGIH LPX MDT NEO NESR SGI SXC SUN VMI VMC WSO WAY
    • After-Hours: AMRZ ANDE ATRC ACLS CDNS CZR CE DVN ESI EQT EXE FE GNK GKOS GSHD HALO HL HUN IOSP KVUE LZB MKSI PANW PBI RBA RSG RUSHA RSI WTTR TOL
  • Wednesday (Feb 18)
    • Pre-Market: ADI BLCO CAMT CRL CNK CLH CSTM DAN NPO EQX FVRR FDP GRMN GPN GLBE DINO PODD JLL LCII MFA MCO OGE OSW OPLN PRG PUMP SEDG SAH TECK TX COCO TNL VRSK WING
      
    • After-Hours: AGI AWR AWK AMPL CAR BTG OTF BKNG CVNA CF CAKE CWAN CDE CYH CRH CVI DASH EIX FIG LOPE HLF HST INVH JACK JXN KALU KGC MAC MCW TAP NDSN NTR OXY OII OMC OGS PAAS RDN RS RELY RGLD TNK TS TROX WES WH
  • Thursday (Feb 19)
    • Pre-Market: COLD APPN BRC CVE CNP CHH CWK DE DTM EPAM ETSY EVRG XPRO AG GTX GATX THRM IDA INSM ITGR KLAR LAUR LMND LKQ MDGL MPT NABL NICE MD POOL PWR FUN SO FTI ULS UPBD VAL VC WMT W YETI
    • After-Hours: ACH AKAM ALRM LNT AMH AMN ARDX BBDC CARG CWST CENX CC ED CPRT DBX EIG EXR FNF FIVN FND GLPI GH HLIT HHH ICUI INDI IRTC LZ LYV NEM ONTO OPEN PK PRDO PTCT RNG SVV SEM ST SFM TNDM TXRH RIG OLED VICR WSC WK WKC
  • Friday (Feb 20)
    • Pre-Market: BCPC CCOI HBM LAMR OIS POR PPL
    • After-Hours: WU