After Hours Report

Updated: 06-Feb-26 16:32 ET
Closing Summary: DJIA hits record highs as tech attempts to regain footing

The stock market ended a volatile week on a sharply positive note, with a strong rebound across tech names and broad strength propelling the S&P 500 (+2.0%), Nasdaq Composite (+2.2%), and DJIA (+2.5%) higher.

Today's strength saw the DJIA notch fresh record highs, eclipsing and closing above the 50,000 mark for the first time. The S&P 500 reclaimed and closed above its 50-day moving average of 6,884.75. 

Small caps, semiconductors, and high-beta names were among the outperformers in today's rally, with the top-weighted information technology sector (+4.1%) finishing as the best performer across the nine S&P 500 sectors that notched gains.

Chipmaker names rebounded sharply from recent weakness, with the PHLX Semiconductor Index (+5.7%) closing the week with a modest gain following today's strength. Super Micro Computer (SMCI 34.38, +3.53, +11.44%) made back the entirety of yesterday's weakness and then some, while NVIDIA (NVDA 185.41, +13.53, +7.87%) was a mega-cap standout, moving back above its 50-day moving average (183.57). 

Microsoft (MSFT 401.14, +7.47, +1.90%) also garnered some buying interest off of recent lows, and the iShares GS Software ETF (+3.5%) notched a much-needed gain.

While there was certainly a technical element to the tech rebound given the size of this week’s pullback, AI infrastructure names received an added tailwind from massive capital expenditure plans outlined by some of the market’s largest constituents.

Amazon (AMZN 210.32, -12.37, -5.55%) forecast roughly $200 billion in capital spending for 2026, and while return-on-investment concerns—along with a modest EPS miss—initially weighed on the stock, the scale of the investment is broadly viewed as constructive for the AI ecosystem, particularly across semiconductors and related infrastructure providers. 

Additionally, Alphabet (GOOG 323.10, -8.23, -2.48%) issued a similar forecast of up to $185 billion with its earnings release earlier in the week. While those two names, along with some weakness in Meta Platforms (META 661.46, -8.75, -1.31%), pushed the communication services (-1.5%) and consumer discretionary (-0.7%) sectors lower, strength across the other mega-caps saw the Vanguard Mega Cap Growth ETF (+2.2%) reclaim just under half of this week's losses. 

Strength was not just limited to mega-cap tech, as eight of the nine S&P 500 sectors that closed higher boasted gains wider than 1.0%. 

The industrials sector (+2.8%) was among the top performers, with airline names such as United Airlines (UAL 115.91, +9.82, +9.26%) and Delta Air Lines (DAL 75.30, +5.52, +7.91%) trading sharply higher. 

The financials sector (+1.8%) was supported by a rebound in Robinhood Markets (HOOD 82.82, +10.14, +13.95%) and Coinbase Global (COIN 165.12, +19.00, +13.00%) as Bitcoin prices stabilized and bounced off of recent lows, reclaiming the $70,000 mark. 

The health care sector (+1.8%) finished similarly, with broad strength outweighing Molina Healthcare's (MOH 131.56, -45.28, -25.61%) post-earnings plummet. 

Outside of the S&P 500, the Russell 2000 (+3.6%) and S&P Mid Cap 400 (+3.1%) outperformed amid the resurgence in growth stocks today. 

While improving risk sentiment helped the major averages finish the week on a higher note, it is worth noting that sizable losses earlier in the week left the S&P 500 (-0.1% week-to-date) and Nasdaq Composite (-1.8% week-to-date) with weekly declines. In contrast, the DJIA's (+2.5% week-to-date) push to fresh record highs highlights the ongoing bifurcation between value and growth stocks in early 2026.

Still, today's session underscores how quickly the broader market can advance when mega-cap and technology stocks regain momentum, and suggests they could reassert leadership as investors grow more comfortable with the scale of capital expenditure forecasts coming from mega-cap companies.

U.S. Treasuries had a quiet finish to a week that featured a volatile showing from equities, which contributed to a week of gains in most tenors. The 2-year note yield settled up one basis point to 3.51% (-3 basis points this week), and the 10-year note yield finished unchanged at 4.21% (-3 basis points this week). 

  • S&P Mid Cap 400: +8.5% YTD
  • Russell 2000: +7.6% YTD
  • DJIA: +4.3% YTD
  • S&P 500: +1.3% YTD
  • Nasdaq Composite: -0.9% YTD

Reviewing today's data:

  • February Univ. of Michigan Consumer Sentiment - Prelim 57.3 (Briefing.com consensus 54.3); Prior 56.4
    • The key takeaway from the report is that there was a surge in sentiment among consumers with the largest stock portfolios, whereas it remained at "dismal levels" for consumers without stock holdings. [Note: interviews for this release ended this past Monday, so with steep losses in many tech stocks since then, there is a good chance of a downward revision when the final report is released on February 20, barring a sustained rebound effort.
  • Consumer credit increased by $24.0 billion in December (Briefing.com consensus: $8.4 billion) following an upwardly revised $4.7 billion increase (from $4.2 billion) in November.
    • The key takeaway from the report is that there was a healthy expansion in consumer credit in December, driven by solid pickups in both revolving and nonrevolving credit. The December expansion was the biggest since March 2025.

Overseas:

  • Europe: DAX +0.9%, FTSE +0.6%, CAC +0.4%
  • Asia: Nikkei +0.8%, Hang Seng -1.2%, Shanghai -0.3%

Commodities:

  • Crude Oil +0.32 @ 63.58
  • Nat Gas -0.08 @ 3.43
  • Gold +87.90 @ 4980.00
  • Silver +0.10 @ 76.89
  • Copper +0.06 @ 5.88

Spotlight Comment: Molina Healthcare Plunges on Q4 Miss as Rate Mismatch Drives Downside FY26 Guide

Molina Healthcare (MOH 131.72, -45.12, -25.5%) is under heavy pressure after badly missing Q4 EPS estimates and issuing downside FY26 guidance. The company reported an adjusted loss of $2.75/share when analysts had expected a profit, while revenue increased 8% yr/yr to $11.38 bln, above estimates. MOH guided FY26 EPS to at least $5.00 and revenue of $44.5 bln.

  • The Q4 miss was driven by continued trend pressure in Medicare and Marketplace, plus about $2/share of retroactive Medicaid items in California.
  • California applied a retroactive risk corridor and rate cut, a 160 bp headwind, alongside what management called an unprecedented cost-trend inflection, pushing Medicaid MCR to 93.5%, up 330 bps.
  • Medicare's MCR was 97.5%, 370 bps higher, reflecting elevated LTSS and high-cost drug utilization across high-acuity dual populations. MAPD margin recovery was slower than expected and the traditional MAPD product will be exited for 2027.
  • Marketplace was most strained with MCR of 99%, up from 83.3%, as utilization ran elevated across most categories, especially behavioral health, high-cost drugs, and professional outpatient visits, compounded by prior provider claims settlements.
  • For FY26, MOH is shrinking Marketplace exposure to stabilize margins amid a volatile risk pool, guiding to roughly a 50% decline in Marketplace premium as it reprices and lets membership roll down.
  • The guidance signals the rate-trend mismatch persists, with Medicaid rates around 4% that do not offset medical cost trend around 5%, plus added pressure from ongoing California items and startup drag from the Florida CMS contract.
  • Management sees potential upside levers, including improved Medicaid rates through on and off-cycle adjustments, and Medicare/Marketplace landing better than conservative assumptions as Medicare products mature and the Marketplace book is resized and repriced.

Briefing.com Analyst Insight

This was a tough finish to FY25, and the FY26 outlook suggests these pressures are still persisting, driving a sharp reversal in the stock. The core issue remains the mismatch between Medicaid rates and medical cost trend, which management again characterized as an underfunded environment across the industry. Management said the Florida CMS impact is about $1.50/share and MAPD underperformance is roughly $1.00/share. Stripping that out implies FY26 EPS closer to $7.50, still below expectations and highlighting ongoing trend pressure. There were a few relative bright spots, including commentary that excluding the retroactive California items, Medicaid performance was closer to plan, and that the Florida CMS win reinforces MOH's growth initiatives with continued success winning renewal and new RFP awards. Even so, the magnitude of the guidance miss and sustained trend pressure are weighing heavily on sentiment.

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):
    • AerCap (AER) beats by $0.52, beats on revs; guides FY26 EPS below consensus
    • Airbus (EADSY) reports January 2026 orders and deliveries
    • Affirm (AFRM) beats by $0.10, beats on revs; guides Q3 revs in-line; guides Q4 (Jun) revs in-line; guides FY26 revs above consensus
    • Alpha and Omega Semi (AOSL) misses by $0.08, beats on revs; guides Q3 revs in-line
    • Amazon (AMZN) misses by $0.02, reports revs in-line; guides Q1 revs in-line; to invest about $200 bln in cap-ex across Amazon in 2026
    • AptarGroup (ATR) beats by $0.02, beats on revs; guides Q1 EPS in-line
    • Arrow Electronics (ARW) beats by $0.79, beats on revs; guides Q1 EPS in-line, revs above consensus
    • Astronics (ATRO) issues upside Q4 revenue guidance, reaffirms FY26 revenue guidance
    • Atlassian (TEAM) beats by $0.07, beats on revs; guides Q3 revs above consensus; raises FY26 revs above consensus
    • AutoNation (AN) beats by $0.19, misses on revs
    • Bill.com (BILL) beats by $0.08, beats on revs; guides Q3 EPS above consensus, revs above consensus; guides FY26 EPS above consensus, revs above consensus
    • Biogen (BIIB) beats by $0.36, beats on revs; guides FY26 EPS above consensus
    • Bloom Energy (BE) beats by $0.14, beats on revs; guides FY26 EPS above consensus, revs above consensus
    • Boyd Gaming (BYD) beats by $0.27, beats on revs
    • Camden Property (CPT) beats by $0.03, reports revs in-line; guides Q1 core FFO below consensus; guides FY26 core FFO below consensus
    • Carlyle Group (CG) reports Q4 results
    • Cboe Global Markets (CBOE) beats by $0.12, beats on revs, provides 2026 outlook
    • Centene (CNC) beats by $0.03, beats on revs; guides FY26 EPS above consensus, revs below consensus
    • CNO Financial (CNO) beats by $0.26, beats on revs
    • COPT Defense Properties (CDP) beats by $0.02, beats on revs; guides Q1 FFO in-line; guides FY26 FFO in-line
    • Coty (COTY) misses by $0.04, beats on revs
    • Coursera (COUR) reports EPS in-line, beats on revs; guides Q1 revs above consensus; guides FY26 revs above consensus
    • Cousins Prop (CUZ) reports FFO in-line, beats on revs; guides FY26 FFO in-line
    • Dave, Inc. (DAVE) issues preliminary Q4 results, sees revenue above consensus estimate
    • Digital Realty Trust (DLR) beats by $0.04, beats on revs; guides FY26 FFO above consensus, revs below consensus
    • Doximity (DOCS) beats by $0.01, beats on revs; guides Q4 revs below consensus; authorizes new $500 mln share repurchase program
    • Encompass Health (EHC) beats by $0.16, reports revs in-line; guides FY26 EPS in-line, revs in-line
    • Envista (NVST) beats by $0.06, beats on revs; guides FY26 EPS above consensus
    • Equity Residential (EQR) reports FFO in-line, revs in-line; guides FY26 FFO in-line
    • Exponent (EXPO) beats by $0.02, misses on revs
    • Flowserve (FLS) beats by $0.17, misses on revs; guides FY26 EPS above consensus, revs above consensus
    • Fortinet (FTNT) beats by $0.07, beats on revs; guides Q1 EPS below consensus, revs in-line; guides FY26 EPS in-line, revs in-line; increases share repurchase program by $1.0 bln for an aggregate amount of up to $10.25 bln through February 28, 2027
    • Gen Digital (GEN) beats by $0.01, beats on revs; guides Q4 EPS in-line, revs above consensus
    • Genpact (G) beats by $0.04, reports revs in-line; guides Q1 EPS in-line, revs in-line; guides FY26 EPS above consensus, revs above consensus; 10% increase to its quarterly dividend
    • Hub Group (HUBG) delays full earnings release and conference call; sees FY25 revs slightly above consensus and FY26 revs in line
    • Illumina (ILMN) beats by $0.11, beats on revs; mid-point of FY26 EPS guidance above consensus; revs above consensus
    • Impinj (PI) misses by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus
    • IREN Limited (IREN) misses on revs; Also secures $3.6 bln GPU financial for Microsoft contract
    • Lionsgate Studios (LION) beats by $0.01, beats on revs
    • LiveRamp (RAMP) beats by $0.07, reports revs in-line; narrows FY26 revs outlook
    • Magnolia Oil & Gas (MGY) beats by $0.01, beats on revs
    • MarketAxess (MKTX) beats by $0.04, reports revs in-line
    • Mettler-Toledo (MTD) beats by $0.56, beats on revs; guides Q1 EPS below consensus; raises FY26 EPS above consensus
    • MGM Resorts (MGM) reports Q4 results; beats on revs
    • Microchip (MCHP) beats by $0.01, reports revs in-line; guides Q4 EPS in-line, revs above consensus
    • Molina Healthcare (MOH) misses by $3.09, beats on revs; guides FY26 EPS below consensus, revs below consensus
    • Monolithic Power (MPWR) beats by $0.05, beats on revs; guides Q1 revs above consensus
    • Newell Brands (NWL) reports EPS in-line, revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY26 EPS in-line, revs in-line
    • News Corp. (NWSA) beats by $0.03, beats on revs
    • nVent Electric (NVT) reports EPS in-line, beats on revs; guides FY26 EPS in-line, revs above consensus
    • Open Text (OTEX) beats by $0.10, beats on revs
    • Paylocity (PCTY) beats by $0.25, beats on revs; guides Q3 revs above consensus; guides FY26 revs above consensus
    • Phillips Edison & Company (PECO) beats by $0.01, beats on revs; reaffirms FY26 FFO guidance
    • Piper Sandler (PIPR) beats by $2.14, beats on revs; Declares special dividend of $5.00/share and announces 4-for-1 stock split
    • Plains All American (PAA) reports Q4 results
    • Post (POST) beats by $0.44, reports revs in-line
    • Power Integrations (POWI) beats by $0.04, reports revs in-line; guides Q1 revs in-line; announces restructuring
    • Protolabs (PRLB) beats by $0.09, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY26 revs above consensus
    • Qualys (QLYS) beats by $0.09, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY26 EPS in-line, revs in-line
    • QuinStreet (QNST) beats by $0.04, beats on revs; guides Q3 revs in-line; guides FY26 revs in-line
    • Reddit (RDDT) beats by $0.30, beats on revs; guides Q1 revs above consensus; Authorizes repurchase program of up to $1 bln of Class A common stock
    • Regency Centers (REG) reports FFO in-line; guides FY26 FFO above consensus
    • Reinsurance Group of America (RGA) beats by $1.97, beats on revs
    • Ribbon Communications (RBBN) beats by $0.48, misses on revs; guides Q1 revs below consensus; guides FY26 revs below consensus
    • Roblox (RBLX) reports beats by $0.02; beats on revs; sees Q1 revs in line; sees FY26 revs above consensus
    • Roivant Sciences (ROIV) misses by $0.08, misses on revs; reports Phase 2 data for brepocitinib in cutaneous sarcoidosis
    • RXO, Inc. (RXO) misses by $0.03, misses on revs
    • Sibanye-Stillwater (SBSW) expands renewable energy capacity with 220 MW PPA
    • SS&C Techs (SSNC) beats by $0.08, beats on revs; guides Q1 EPS above consensus, revs in-line; guides FY26 EPS above consensus, revs above consensus
    • Stellantis (STLA) takes €22 bln reset charges and suspends dividend; outlines 2026 guidance; LG Energy Solution to acquire NextStar Energy
    • Strategy Inc (MSTR) misses by $42.85, beats on revs
    • Sun Country Airlines (SNCY) beats by $0.04, beats on revs
    • Synaptics (SYNA) beats by $0.06, reports revs in-line; guides Q3 EPS in-line, revs in-line
    • Toyota Motor (TM) reports nine-month results
    • Ubiquiti (UI) beats by $0.80, beats on revs
    • Under Armour (UAA) beats by $0.10, beats on revs; guides FY26 EPS above consensus, revs above consensus
    • VeriSign (VRSN) misses by $0.12, reports revs in-line
    • Viasat (VSAT) reports Q3 (Dec) results, revs in-line
    • Warner Music Group (WMG) misses by $0.03, beats on revs
    • Werner Enterprises (WERN) misses by $0.06, misses on revs
    • White Mountains (WTM) reports Q4 results
  • General News
    • A man from Maryland was charged with attempted murder of Office of Management and Budget Director Russell Vought, according to NBC News
    • U.S. and Iranian officials meet for talks, according to WSJ
    • White House launches TrumpRx.gov
    • Bitcoin held the $60,000 level and then rebounded
    • FDA Director Dr. Marty Makary says "FDA will take swift action against companies mass-marketing illegal copycat drugs, claiming they are similar to FDA-approved products. The FDA cannot verify the quality, safety, or effectiveness of non-approved drugs"
    • India ends small car concession for emission rules, according to Reuters
    • Trump administration weighs antitrust probe into major U.S. homebuilders over housing costs, according to Bloomberg
    • President Trump will sign executive order today to quadruple the amount of beef imported from Argentina, according to CBS News
    • ABB Ltd (ABBNY) to begin new $2 bln share buyback program
    • Affirm (AFRM) announces the expansion of its partnership with Wayfair (W), bringing its honest financial products to shoppers in the UK and Canada
    • Amazon (AMZN) Follow-Up: to invest about $200 mln in capital expenditures across Amazon in 2026
    • Ameren (AEE) increases quarterly cash dividend 5.6% to $0.75/share from $0.71/share
    • Anthropic enhancements impacted the software development industry, according to WSJ
    • Apple (AAPL) aiming to scale back plans for a virtual health coach, according Bloomberg
    • Apple (AAPL) CEO Tim Cook spoke about succession and AI at a meeting with employees, according to Bloomberg
    • Apple (APPL) will allow AI apps from other companies in CarPlay, according to Bloomberg
    • Ascentage Pharma (AAPG) receives China IND clearance for BTK degrader APG-3288
    • B&G Foods (BGS): Del Monte Foods Corporation II Inc. has received Court approval for three asset purchase agreements for substantially all of its assets and business operations as going-concern businesses
    • Bill.com (BILL): Hellman & Friedman in discussions to acquire BILL, according to Bloomberg
    • Bitfarms (BITF) Board approved a plan of arrangement to redomicile from Canada to the United States
    • Chesapeake Utilities (CPK) announces the Accomack County Board of Supervisors has awarded the Company its natural gas expansion bid, authorizing Chesapeake Utilities to begin engineering a new natural gas system it will construct, own and operate to enhance energy reliability on Virginia's Eastern Shore
    • Citigroup (C) aiming to complete work on consent orders in 2026, according to Reuters
    • ConocoPhillips (COP): Union approves agreement with 30,000 Marathon workers, according to Reuters
    • Doximity (DOCS) disclosed last night that Anna Bryson, the Company’s Chief Financial Officer is taking a temporary medical leave of absence
    • FedEx (FDX) and Dun & Bradstreet announce strategic collaboration to create new data and analytics solutions
    • GE Aerospace (GE) increases quarterly cash dividend to $0.47/share from $0.36/share
    • GlaxoSmithKline (GSK) secures EU approval for Nucala in COPD
    • Goldman Sachs (GS) using Anthropic to automate a growing number roles within the bank, according to CNBC
    • GoodRx (GDRX) integrates pricing for brand medications on TrumpRx
    • Honda Motor (HMC) and Mythic announce joint development of 100x energy-efficient analog AI chip for next-generation vehicles
    • Intel (INTC) and AMD (AMD) told customers in China that there will be long waits for CPUs, according to Reuters
    • KKR (KKR) and HMC Capital announce the establishment of a new strategic partnership under which KKR-managed funds will invest up to $603 million into HMC’s Energy Transition Platform
    • mF International (MFI) announces plans for two strategic digital asset product launches
    • Miami International Holdings (MIAX) reports trading results for January 2026; average daily volume +25.1 yr/yr to 11.1 mln contracts
    • National Presto Indust. (NPK) announces defense segment award
    • Netflix (NFLX): DOJ investigating anticompetitive tactics at Netflix (NFLX) as the agency investigates proposed merger with Warner Brothers (WBD)
    • Novartis (NVS) breaks ground on new global Biomedical Research center in San Diego to accelerate drug discovery
    • Patterson-UTI (PTEN) reported January had an average of 94 drilling rigs operating in the United States
    • Petrobras (PBR) announces receipt of earnout payment related to Sépia and Atapu
    • Pfizer (PFE) launches discounted drug pricing program via TrumpRx
    • Pfizer (PFE): FDA Grants priority review for HYMPAVZI sBLA for the treatment of two hemophilia a or b patient populations with significant medical need
    • Qualys (QLYS) announces $200 mln increase to its share repurchase program
    • Tesla (TSLA) considering increasing solar output in New York, Arizona, and Idaho, according to Bloomberg
    • Tesla (TSLA) aims to train AI technology in China, according to Reuters, citing Chinese local media, according to Reuters
    • TotalEnergies (TTE) to become operator of offshore Namibia PEL104 license
    • Toyota Motor (TM) announces changes to executive structure; Kenta Kon will assume the position of President and Chief Executive Officer
    • TXNM Energy (TXNM): Texas commission approves TXNM Energy acquisition by Blackstone Infrastructure (BX)
    • Tyson Foods (TSN): A parasitic New World screwworm could cause higher beef prices, according to Bloomberg
    • uniQure (QURE) announces updated preliminary safety and exploratory efficacy data from 11 patients in its Phase I/IIa trial of AMT-191, an investigational AAV gene therapy for the treatment of Fabry disease
    • Vale S.A. (VALE) faces new asset-freeze requests tied to Minas Gerais overflows
    • Volkswagen (VWAGY) Tennessee workers secured a 20% pay increase, according to Axios
    • WeRide (WRD) and Uber (UBER) expand Middle East robotaxi deployment
    • Wheaton Precious Metals (WPM) announces, as part of the Company's strategic succession planning, Haytham Hodaly, currently President, will succeed Randy Smallwood as Wheaton's Chief Executive Officer
  • Upgrades:
    • Moller Maersk (AMKBY) upgraded to Hold from Reduce at Kepler
    • Ares Management (ARES) upgraded to Buy from Hold at Deutsche Bank
    • Doximity (DOCS) upgraded to Neutral from Underweight at JPMorgan
    • Estee Lauder (EL) upgraded to Buy from Neutral at Citigroup
    • Envista Holdings (NVST) upgraded to Outperform from Market Perform at Leerink
    • Roblox (RBLX) upgraded to Buy from Hold at Freedom Capital
    • Roku (ROKU) upgraded to Outperform from Perform at Oppenheimer
    • Snap (SNAP) upgraded to Hold from Sell at Stifel
    • Vistra Energy (VST) upgraded to Buy from Neutral at Goldman
  • Downgrades:
    • Amazon.com (AMZN) downgraded to Neutral from Buy at DA Davidson
    • Banco de Chile (BCH) downgraded to Neutral from Buy at UBS
    • Canada Goose (GOOS) downgraded to Underweight from Equal Weight at Barclays
    • Cemex (CX) downgraded to Hold from Buy at HSBC
    • Crown Holdings (CCK) downgraded to Neutral from Overweight at JPMorgan
    • Crown Holdings (CCK) downgraded to Peer Perform from Outperform at Wolfe Research
    • Gemini Space Station (GEMI) downgraded to In Line from Outperform at Evercore ISI
    • Gladstone Capital (GLAD) downgraded to Hold from Buy at Jefferies
    • Hub Group (HUBG) downgraded to Neutral from Outperform at Robert W. Baird
    • Hub Group (HUBG) downgraded to Sell from Buy at Stifel
    • Impinj (PI) downgraded to In Line from Outperform at Evercore ISI
    • Kinetik Holdings (KNTK) downgraded to Hold from Buy at Jefferies
    • Linde (LIN) downgraded to Neutral from Overweight at JPMorgan
    • MSC Industrial (MSM) downgraded to Neutral from Overweight at JPMorgan
    • Norfolk Southern (NSC) downgraded to Neutral from Buy at UBS
    • Old Dominion Freight Line (ODFL) downgraded to Hold from Buy at Deutsche Bank
    • Ribbon Communications (RBBN) downgraded to Neutral from Buy at B. Riley Securities
    • UBS (UBS) downgraded to Neutral from Buy at Goldman
  • Others:
    • Biohaven (BHVN) initiated with a Buy at Goldman
    • Caterpillar (CAT) initiated with an Outperform at CICC
    • JBS (JBS) initiated with a Buy at UBS
    • Jumia Technologies (JMIA) initiated with an Overweight at Cantor Fitzgerald
    • Nanobiotix (NBTX) initiated with a Buy at TD Cowen
    • NovaGold Resources (NG) initiated with an Outperform at Scotiabank
  • Econ Data (The Week Ahead):
    • Monday: Nothing of note
    • Tuesday: January NFIB Small Business Optimism (prior 99.5) at 6:00 ET; Q3 Employment Cost Index (Briefing.com consensus 0.8%; prior 0.8%), December Retail Sales (Briefing.com consensus 0.4%; prior 0.6%), Retail Sales ex-auto (Briefing.com consensus 0.4%; prior 0.5%), and December Import/Export Prices at 8:30 ET; November Business Inventories (Briefing.com consensus 0.2%; prior 0.3%) and November Factory Orders (Briefing.com consensus 0.5%; prior -1.3%) at 10:00 ET; and $58 bln 3-yr Treasury note auction results at 13:00 ET
    • Wednesday: Weekly MBA Mortgage Index (prior -8.9%) at 7:00 ET; January Nonfarm Payrolls (Briefing.com consensus 68,000; prior 50,000), Nonfarm Private Payrolls (Briefing.com consensus 60,000; prior 37,000), Unemployment Rate (Briefing.com consensus 4.4%; prior 4.4%), Average Hourly Earnings (Briefing.com consensus 0.3%; prior 0.3%), and Average Workweek (Briefing.com consensus 34.2; prior 34.2) at 8:30 ET; weekly crude oil inventories (prior -3.46 mln) at 10:30 ET; $42 bln 10-yr Treasury note auction results at 13:00 ET; and January Treasury Budget (Briefing.com consensus -$190.0 bln; prior -$144.7 bln) at 14:00 ET
    • Thursday: weekly Initial Claims (Briefing.com consensus 230,000; prior 231,000), and Continuing Claims (prior 1.844 mln) at 8:30 ET; January Existing Home Sales (Briefing.com consensus 4.21 mln; prior 4.35 mln) at 10:00 ET; weekly natural gas inventories (prior -360 bcf) at 10:30 ET; and $25 bln 30-yr Treasury bond auction results at 13:00 ET
    • Friday: January CPI (Briefing.com consensus 0.3%; prior 0.3%) and Core CPI (Briefing.com consensus 0.3%; prior 0.2%) at 8:30 ET
  • Earnings:
    • Monday (Feb 9)
      • Pre-Market: APO BDX CLF CNA CURB DT EPC KD MNDY PGY SBH WAT
      • After-Hours: ACM AMKR AMTM ACGL BRX NTB CINF CMCO CRBG GT ICHR KRC MTW MEDP ON PFG SSD UDR UPWK VNO GTM
      Tuesday (Feb 10)
      • Pre-Market:  ARMK AZN AXTA BLKB BP KO DDOG DUK DD ECL ENTG RACE FISV HOG HAS INCY INMD MAR MAS OSCR DGX SPGI SAIA SPOT TRMB VSTS WCC XIFR XYL ZBH
      • After-Hours:  AKR AEIS ADC AIG ANGI AIZ ALAB BL LEU NET DEI DIOD EW EXEL F FRSH GILD GXO HIW HNGE NSP JHX KVYO LSCC LYFT MBC MAT MIR MNTN NMIH OI PEGA RPD RRR HOOD TDC UPST WPC WELL ZG
    • Wednesday (Feb 11)
      • Pre-Market: AEE AVTR BWA CHEF CLBT CRTO CVS GFS GNRC HLT HUM KHC KRNT LAD MCD MLM NI NNN NTES PAG PSN R RDWR SCI SHOP SITE SN SOLS SW TEX THC TMHC TMUS TSEM U VERX VRT WAB
      • After-Hours: ALB AM AMCX APP AR CFLT CGNX CPA CRK CSCO CW CXT CXW DAR EPRT EQIX FAF FCPT FSLY GFL GTY HUBS IFF INSP IRT LEG MFC MH MSA MSI NBIX NBR NE NWE PAYC PLMR PPC PRI QDEL QS QTWO ROL RYN STAG TYL VKTX WCN WTS
    • Thursday (Feb 12)
      • Pre-Market: AMG ALNY AEP AGIO BUD AVNT BAX BDC BIRK BTDR BRKR CBRE CHKP CNR CROX EEFT ETR EXC FTS GTES GEL GEO GVA HWM H HIMX IPGP IRDM IRM KIM LECO LNC LXP MTRN MLCO NVMI OPTU OGN PBF PCG PHIN QSR STNG SLVM TU TRU TNET TRN TRIP USFD UTZ VNT WST ZBRA ZTS
      • After-Hours: TXG AEM ABNB AMAT ANET AORT BIO BFAM CAE COHU COIN CRSR DXCM DKNG BROS ES EXPE FRT FLO FBIN MHK HR HTGC IR CART FROG KNSL PINS PCOR PSA RIVN ROKU RYAN SBRA TSLX SPSC SLF TOST TRUP TWLO RARE VRTX WYNN YELP
    • Friday (Feb 13)
      • Pre-Market: AAP ATMU CCJ CIGI ENB ESNT MGA MRNA SXT TRP WEN
        After-Hours: None
      General Motors: 5,000 members at GM's Arlington, TX assembly plant join UAW strike
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