After Hours Report

Stocks had a mostly positive start to the week, albeit a somewhat uneventful one. A continuation in Friday's leadership across mega-cap, tech, and high-beta names helped the S&P 500 (+0.5%) and Nasdaq Composite (+0.9%) notch solid gains, while broadening strength throughout the session saw the DJIA (flat) nab fresh record highs after early losses. 

The Russell 2000 (+0.7%) also captured a nice gain, while the S&P Mid Cap 400 (+0.2%) had a more subdued session. 

Early in the session, the information technology sector (+1.6%) was the only S&P 500 sector to hold a gain, which it maintained throughout the course of the day. 

Investors continued to do some bargain hunting across software names that fell under immense pressure, with AppLovin (APP 460.38, +53.66, +13.19%) and Oracle (ORCL 156.61, +13.79, +9.66%) (which was upgraded to Buy from Neutral at DA Davidson with a target price of $180) being among the best-performing S&P 500 names today, while Microsoft (MSFT 413.72, +12.58, +3.13%) also managed a nice gain. The iShares GS Software ETF (IGV) finished 3.2% higher. 

Chipmakers also contributed to the strength, with the PHLX Semiconductor Index (+1.4%) posting a nice gain due to solid showings from the likes of NVIDIA (NVDA 190.04, +4.63, +2.50%) and Broadcom (AVGO 343.94, +11.02, +3.31%). 

Other mega-cap stocks outside of the technology sector were also mostly higher today, helping the Vanguard Mega Cap Growth ETF (+1.0%) close with a nice gain.

Meta Platforms (META 677.37, +15.91, +2.41%) was a standout, while Alphabet (GOOG 324.40, +1.30, +0.40%), which sold seven tranches of debt, including a British pound-denominated 100-year bond, also finished higher, helping the communication services sector (+0.8%) end the day near the top of the leaderboard. 

While the consumer discretionary sector's (-0.3%) mega-caps, Tesla (TSLA 417.20, +6.10, +1.48%) and Amazon (AMZN 208.72, -1.60, -0.76%), finished mixed, Amazon ended the day significantly improved from early session lows following a sharp post-earnings retreat on Friday. 

Other cyclical sectors had mixed showings. The financials sector (-0.6%) lagged amid a tough day for insurance names.  Insurance Information reported that OpenAI has authorized the first AI application from an insurance provider on ChatGPT. Willis Towers Watson (WTW 290.09, -39.95, -12.10%) and Arthur J. Gallagher (AJG 217.74, -23.84, -9.87%) were among the worst-performing S&P 500 components, while the Dow component Travelers (TRV 292.82, -8.68, -2.88%) also finished lower. 

Meanwhile, the materials (+1.4%) and energy (+0.8%) sectors posted solid gains as oil and precious metals prices increased today. 

The defensive consumer staples (-0.9%) and health care (-0.9%) sectors were today's laggards amid a more risk-on tone in the market today. 

Though not components of the health care sector (or S&P 500), Hims & Hers Health (HIMS 19.33, -3.69, -16.03%) plummeted today after Novo Nordisk A/S (NVO 49.37, +1.73, +3.63%) filed a lawsuit over its compounded versions of Wegovy and Ozempic, which coincides with a weekend FDA announcement targeting non-FDA-approved GLP-1 drugs.

Though the session was largely devoid of new catalysts, the stocks still managed to advance in a relatively broad fashion today. Strong performances from some of the market's largest tech components resonated at the index level and provided confidence that Friday's rebound effort was not a one-off event. 

Earnings results will pick up throughout the week, which will likely be a catalyst of price action. 

There was no economic data of note today, adding to the somewhat subdued corporate news flow.  

U.S. Treasuries began the week with slim gains across the curve after a steady bounce off morning lows in longer tenors. The 2-year note yield settled down two basis points to 3.48%, and the 10-year note yield settled down one basis point to 4.20%. 

• S&P Mid Cap 400: +8.7% YTD
• Russell 200: +8.4% YTD
• DJIA: +4.3% YTD
• S&P 500: +1.7% YTD
• Nasdaq Composite: UNCH YTD

Overseas:

• Europe: DAX +1.2%, FTSE +0.2%, CAC +0.6%
• Asia: Nikkei +3.9%, Hang Seng +1.7%, Shanghai +1.4%

Commodities:

• Crude Oil +0.75 @ 64.33
• Nat Gas -0.29 @ 3.14
• Gold +98.50 @ 5078.50
• Silver +5.51 @ 82.40
• Copper +0.08 @ 5.96

After-Hours Spotlight:

• Aecom Tech (ACM) beats by $0.12, raises FY26 EPS guidance...ACM +2.9%
• Amentum Holdings (AMTM) beats by $0.02, misses on revs; reaffirms FY26 EPS guidance, revs guidance...AMTM -10.3%
• Amkor (AMKR) beats by $0.25, beats on revs; guides Q1 EPS in-line, revs above consensus...AMKR -0.9%
• Columbus McKinnon (CMCO) beats by $0.04, beats on revs; withdraws guidance given recently completed Kito Crosby acquisition and pending divestiture of its U.S. power chain hoist and chain operations...CMCO +1.5%
• Goodyear Tire (GT) misses by $0.10, beats on revs...GT -6.4%
• ICHOR Corporation (ICHR) beats by $0.07, beats on revs; guides Q1 EPS above consensus, revs above consensus...ICHR +14.3%
• Medpace (MEDP) beats by $0.48, beats on revs; guides FY26 EPS above consensus, revs in-line...MEDP -5.3%
• onsemi (ON) beats by $0.02, reports revs in-line; guides Q1 EPS in-line, revs in-line...ON -7.3%
• Proficient Auto Logistics (PAL) Reports Fourth Quarter and Full Year 2025 Financial Results...PAL -16.2%
• Upwork (UPWK) beats by $0.05, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY26 EPS in-line, revs in-line...UPWK -22.4%
• ZoomInfo (GTM) beats by $0.04, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY26 EPS in-line, revs in-line...GTM -5.9%

Fair Value for Tuesday, February 10:

• S&P 500: 6,984
• Nasdaq 100: 25,354
• DJIA: 50,208

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

• Earnings/Guidance (Full Earnings Calendar):
  • Apollo Global Management (APO) reports Q4 (Dec) results, misses on revs
  • Becton Dickinson (BDX) beats by $0.10, beats on revs; provides FY26 guidance
  • Booz Allen Hamilton (BAH) reaffirms FY26 guidance; expects recent Treasury decision to impact less than 1% of FY27 revenue
  • Cleveland-Cliffs (CLF) beats by $0.19, misses on revs; provides FY26 guidance
  • CNA Financial (CNA) misses by $0.13
  • Curbline Properties (CURB) reports Q4 (Dec) results, beats on revs
  • DRDGOLD (DRD) provides trading update; trending towards the higher end of production guidance
  • Dynatrace (DT) beats by $0.03, beats on revs; guides Q4 EPS above consensus, revs above consensus
  • Edgewell Personal Care (EPC) reports EPS in-line, lowers FY26 EPS below consensus
  • Kyndryl (KD) misses by $0.08, misses on revs; provides FY26 guidance; Harsh Chugh has been named Interim Chief Financial Officer
  • Loews Corp (L) reports Q4 results
  • Molina Healthcare (MOH) expects $93 mln impairment charge in Q1
  • Monday.com (MNDY) beats by $0.12, beats on revs; guides Q1 revs below consensus; guides FY26 revs below consensus
  • Pagaya (PGY) beats by $0.46, misses on revs; guides Q1 revs below consensus; guides FY26 revs in-line
  • Sally Beauty (SBH) beats by $0.02, reports revs in-line; guides Q2 EPS in-line, revs in-line; narrows FY26 EPS, reaffirms FY26 revs guidance
  • VinFast Auto (VFS) announces global delivery target of 300,000 electric vehicles for the full year 2026, reflecting its expectation of continued strong momentum in Asian markets
  • Waters (WAT) beats by $0.02, reports revs in-line; guides Q1 EPS below consensus, revs above consensus; guides FY26 EPS above consensus, revs in-line
• General News
  • Treasury Secretary Scott Bessent, in an interview, says he doesn't expect the Fed to quickly reduce its balance sheet with Kevin Warsh as Fed Chair, according to Reuters
  • China is urging banks to lower exposure to U.S. treasuries, according to Bloomberg
  • The Trump administration is preparing new arms sales to Taiwan which could jeopardize President Trump's planned visit to China in April, according to FT
  • President Trump signs executive order establishing a process to impose tariffs on countries that acquire any goods or services from Iran to protect the national security, foreign policy, and economy of the United States
  • Israeli Prime Minister Benjamin Netanyahu will meet with President Trump Wednesday to discuss Iran, according to Axios
  • White House and India issue joint statement on trade agreement; U.S. cuts reciprocal tariff to 18% from 25%; U.S. eliminates extra 25% tariff on purchases of Russian oil; India will eliminate or reduce tariffs on all U.S. industrial goods; India intends to purchase $500 billion of U.S. goods
  • Both sides are far apart on DHS funding talks ahead of Friday deadline. Senate Majority Leader John Thune wants to vote on a continuing resolution for the department, but Democrats have little interest in that, according to The Hill
  • U.S. targets March for Ukraine peace deal, according to Reuters
  • Japan's Liberal Democratic Party will win more than 300 seats in the House of Representatives, according to NY Times
  • Trump Administration to temporarily increase the quantity of in-quota imports of lean beef trimmings to increase the supply of ground beef for US consumers
  • China wants to beat the U.S. on humanoid robots, WSJ 
  • Republican lawmakers not supporting plan to ban institutional investors from buying single family homes, according to WSJ
  • United States and Bangladesh have agreed to an agreement on reciprocal trade
  • Allstate (ALL): OpenAI approves artificial intelligence application for insurance, according to Insurance Business
  • Alphabet (GOOG): Alphabet plans up to $20 billion U.S. dollar bond sale, according to Bloomberg
  • American Airlines (AAL) will meet with the pilots' union, according to Bloomberg
  • Anthropic could raise $20 billion as soon as next week, according to Bloomberg
  • Apple (AAPL) aiming to introduce the iPhone 17e and other products, according to Bloomberg
  • Arbutus Biopharma (ABUS) discloses that on Feb. 2, the U.S. District Court for the District of Delaware issued a memorandum and order in the litigation filed by the company against Moderna (MRNA) seeking damages for infringement
  • Arrow Electronics (ARW) launches strategic initiative and research hub to support next-generation vehicle electrical and electronic architecture
  • BillionToOne (BLLN) announces the launch of UNITY's expanded Red Blood Cell Fetal Antigen NIPT and a first-and-only Platelet Fetal Antigen NIPT
  • Block (XYZ) aiming to eliminate 10% of staff, according to Bloomberg
  • BW LPG Ltd (BWLP) secures multi-year charters, lifts fixed-rate coverage
  • Charles Schwab (SCHW): The Schwab Trading Activity Index increased to 49.96 in January, up from its score of 48.48 in December
  • Collective Mining (CNL) announces assay results for five diamond drill holes targeting definition and expansion of the high-grade, outcropping gold-tungsten-rich zone at the summit of the Apollo system
  • Commercial Vehicle Group (CVGI) announces that its Board of Directors appointed Ari Levy of Lakeview Investment Group as an independent director
  • Coupang (CPNG) discloses that Kevin Warsh, a member of the company's Board of Directors, would resign as a director if he is confirmed as Chairman of the Board of Governors of the United States Federal Reserve System
  • CVS Health (CVS) announces that its approximately 9,000 community pharmacies are accepting TrumpRx discount cards, which offer savings on certain medications for those who are eligible, as determined by the drug manufacturers
  • Diamondback Energy (FANG): Verde Clean Fuels (VGAS) announces suspension of development of Permian Basin Project
  • DraftKings (DKNG): Gambling companies negatively impacted by prediction markets on Super Bowl weekend, according to Bloomberg
  • Ellomay Capital (ELLO) received request regarding implementation of separation mechanism concerning Ellomay Luzon Energy Infrastructures Ltd.
  • Exact Sciences (EXAS): Geneoscopy wins second patent trial and appeal board decision, invalidating all challenged claims of Exact Sciences’ ’746 patent
  • First Bancorp (FBP) announces that Orlando Berges, Executive Vice President and Chief Financial Officer, will retire from the Corporation effective June 30, 2026, after close to 17 years of distinguished service
  • fuboTV (FUBO) approves amendments to its certificate to effect a reverse stock split ranging from 1-for-8 and 1-for-12 as determined by the Board in its discretion
  • Hims & Hers Health (HIMS) trades -10% lower after hours as FDA says it intends to take action against non-FDA-approved GLP-1 drugs
  • Hims & Hers Health (HIMS) says "Since launching the compounded semaglutide pill on our platform, we’ve had constructive conversations with stakeholders across the industry. As a result, we have decided to stop offering access to this treatment"
  • Intel (INTC) to co-lead investment in AI chip startup SambaNova, according to Reuters
  • Johnson & Johnson (JNJ) presents early outcomes from the OMNY-AF Pilot Study at 2026 AF Symposium
  • KBR (KBR) has been awarded two firm-fixed-price task orders totaling $103 mln under the United States Space Force
  • Kroger (KR) confirms it has named former Walmart US exec Greg Foran as CEO; co also reaffirms FY26 guidance
  • Kyndryl (KD) files to delay its 10-Q; anticipates reporting material weaknesses in the Company's internal control over financial reporting
  • Kyndryl (KD) Board appointed Harsh Chugh as Interim Chief Financial Officer and Bhavna Doegar as Interim Corporate Controller of the Company, effective immediately
  • L3Harris (LHX) Chairman/CEO established a written pre-arranged plan adopted under Rule 10b5-1
  • Live Nation (LYV): DOJ divided over Live Nation settlement talks, according to Semafor
  • Manitowoc (MTW) announces that its wholly-owned subsidiary, MGX Equipment Services, LLC, has completed a strategic dealer agreement with Hiab
  • Meta (META) criticized EU regulators, according to Reuters
  • Meta Platforms (META) testing new application with disappearing messages to compete with SnapChat (SNAP), according to Business Insider
  • Microsoft (MSFT): ChatGPT begins testing ads for U.S. Free and Go users, emphasizing answer independence and privacy
  • Nervgen Pharma (NGEN) announces its Board of Directors has unanimously appointed Adam Rogers, as President and Chief Executive Officer, effective immediate
  • NIKE's (NKE) Converse employees to work from home as a result of upcoming layoffs and restructuring, according to Bloomberg
  • NIO (NIO) to recall 246,229 cars due to software glitch, according to Reuters
  • Novo Nordisk A/S (NVO) takes legal action against Hims & Hers (HIMS) to protect patients from unsafe, knock-off Wegovy and Ozempic
  • Ocugen (OCGN) announces the appointment of Rita Johnson-Greene as Chief Financial Officer
  • Roche Hldg (RHHBY): Genentech’s Fenebrutinib is the first investigational medicine in over a decade that reduces disability progression in primary progressive Multiple Sclerosis
  • Samsung (SSNLF) will begin mass production of HBM4 chips this month, according to Yonhap
  • Sanofi’s (SNY) rilzabrutinib gains breakthrough and orphan designations for rare anemia
  • Scripps (SSP) agrees to sell Court TV to Law&Crime Network
  • Select Water Solutions (WTTR) and LibertyStream entered into a definitive agreement to deploy commercial lithium carbonate production facilities
  • Shoals Technologies (SHLS) secures key initial win with the ITC to protect U.S. energy innovation
  • STMicroelectronics (STM) deepens AWS partnership to power next-gen cloud and AI infrastructure
  • Subsea 7 SA (SUBCY) announced the award of a substantial contract by Chevron (CVX) for subsea installation in the Eastern Mediterranean
  • Target (TGT) aiming to invest more in store labor and cut 500 jobs, according to CNBC
  • Teledyne Tech (TDY) announces the start of production on multiple awards to deliver state-of-the-art infrared Focal Plane Modules in support of the Space Development Agency’s Tracking Layer Tranche 3 program
  • Tesla (TSLA) ramping up hiring to support Musk’s expanded solar strategy, according to Reuters
  • TotalEnergies SE (TTE) signs landmark 1 GW solar PPA with Google (GOOG) to power Texas data centers
  • Total (TTE): Namibia will not recognize Total's & Petrobras's (PBR) offshore stake deal, according to Reuters
  • UPS (UPS) announces that Kevin Warsh would resign as a director if confirmed as next Fed Chair
  • Veradermics (MANE) announces completion of enrollment in its second Phase 3 registration-directed clinical trial evaluating VDPHL01 for the treatment of male pattern hair loss
  • Visa (V): European Payments Initiative executive says EU needs alternatives to Visa and Mastercard (MA), according to FT
  • WPP (WPPGY) to change creative industry structure, according to FT
  • XPeng (XPEV) launched its start-and-stop charging payment functionality on the XPENG APP in Hong Kong
  • Zenas Biopharma (ZBIO) announces that results from the Phase 2 MoonStone trial of obexelimab in Relapsing Multiple Sclerosis were presented in a late-breaking oral presentation at the Americas Committee for Treatment and Research in Multiple Sclerosis Forum 2026

• Upgrades:
  • Align Technology (ALGN) upgraded to Buy from Hold at HSBC, tgt $200
    
  • Doximity (DOCS) upgraded to Buy from Hold at Canaccord Genuity, tgt $34
    
  • GeneDx (WGS) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $155
    
  • Park-Ohio Holdings (PKOH) upgraded to Overweight from Sector Weight at KeyBanc, tgt $37
    
  • Roblox (RBLX) upgraded to Buy from Neutral at Roth Capital, tgt $84
    
  • SoFi Technologies (SOFI) upgraded to Market Outperform from Market Perform at Citizens, tgt $30
    
  • Stellantis (STLA) upgraded to Peer Perform from Underperform at Wolfe Research
    
  • Timken (TKR) upgraded to Overweight from Sector Weight at KeyBanc, tgt $130
    
  • TPG (TPG) upgraded to Market Outperform from Market Perform at Citizens, tgt $75
    
  • Viatris (VTRS) upgraded to Buy from Neutral at UBS, tgt $18
    
  • ZTO Express (ZTO) upgraded to Outperform from Neutral at Macquarie, tgt $26.60
• Downgrades:
  • Crown Holdings (CCK) downgraded to Neutral from Buy at UBS, tgt $126
    
  • Corteva (CTVA) downgraded to Neutral from Buy at UBS, tgt $80
    
  • Ero Copper (ERO) downgraded to Neutral at BofA Securities
    
  • Li Auto (LI) downgraded to Underweight from Neutral at JPMorgan, tgt $14
    
  • Sasol (SSL) downgraded to Neutral from Buy at Goldman
    
  • Unilever (UL) downgraded to Hold from Buy at Deutsche Bank
    
  • Westlake Chemical (WLK) downgraded to Neutral from Outperform at Mizuho, tgt $88
    
  • Zions Bancorp (ZION) downgraded to Neutral from Outperform at Robert W. Baird, tgt $65
• Others:
  • Beta Bionics (BBNX) initiated with a Buy at UBS, tgt $24
    
  • Cipher Mining (CIFR) initiated with an Overweight at Morgan Stanley, tgt $38
    
  • Dave (DAVE) initiated with an Outperform at Keefe Bruyette
    
  • Fermi (FRMI) initiated with a Market Outperform at Citizens, tgt $30
    
  • Immix Biopharma (IMMX) initiated with an Outperform at Mizuho, tgt $14
    
  • MARA Holdings (MARA) initiated with an Underweight at Morgan Stanley, tgt $8
    
  • StoneCo (STNE) initiated with a Buy at BTIG Research, tgt $22
    
  • TeraWulf (WULF) initiated with an Overweight at Morgan Stanley, tgt $37

• Econ Data (Tuesday):
  • 6:00 ET: January NFIB Small Business Optimism (prior 99.5)
  • 8:30 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
  • 10:00 ET: November Business Inventories (Briefing.com consensus 0.2%; prior 0.3%) and November Factory Orders (Briefing.com consensus 0.5%; prior -1.3%)

• 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