After Hours Report

Last Updated: 26-Feb-26 17:53 ET | Archive

After hours report provides a review of the day’s stock market and treasury market session performance with a recap of indices, sector, and industry performance, trends, as well as key news items that impacted the markets. Get a run-down of general news events, broker ratings changes, key after hours earnings reports and guidance, and highlights of events scheduled for the next day. On Fridays, the After Hours Report is a recap of the week’s stock market activity.


Block soars following earnings; Dell powers higher on Q4 beat and upside guidance

The major averages finished mostly lower today amid considerable pressure across mega-cap and select tech names following NVIDIA's (NVDA 184.89, -10.74, -5.49%) earnings report. Continued strength across software names and some other pockets of the market helped the S&P 500 (-0.5%), Nasdaq Composite (-1.2%), and DJIA (flat) finish well off of their session lows, with the S&P 500 garnering some support around its 50-day moving average (6,898.97), which it closed just above. 

To be fair, NVIDIA delivered another stellar earnings report, topping expectations while reporting record data center revenue and issuing bullish guidance. While the stock gained several percentage points in after-hours trading, the immediate response waned overnight, and the stock faced sustained pressure throughout the day. The price action underscores the market's lingering concerns about whether hyperscalers (in this case being NVIDIA's customers) can sustain or expand upon the massive current levels of capital expenditure in the AI buildout. 

Other large chipmaker names such as Broadcom (AVGO 321.70, -10.61, -3.19%) and Advanced Micro Devices (AMD 203.68, -7.18, -3.41%) incurred similar losses, sending the PHLX Semiconductor Index (-3.2%) considerably lower and weighing on the information technology sector (-1.8%). 

Losses were somewhat softened by continued strength across software names as sentiment rebounds across software-as-a-service stocks. Salesforce (CRM 199.47, +7.72, +4.03%) charted a nice gain despite issuing cautious guidance, and the iShares GS Software ETF finished 2.2% higher. 

On a related note, NVIDIA CEO Jensen Huang told CNBC that markets were wrong about artificial intelligence's threat to software companies.

The rebound in software-related stocks contributed to gains in several of the best-performing S&P 500 sectors today. 

The financials sector (+1.3%) faced some choppiness but managed to finish near session highs. While strength was broad and featured another bounce in major banking names, financial publishing and software stocks such as Block (XYZ 54.54, +2.60, +5.01%) and Fidelity Nat'l Info (FIS 51.06, +1.99, +4.06%) dotted the top of the standings. 

Similarly, Equifax (EFX 207.85, +9.73, +4.91%) and Paycom Software (PAYC 129.83, +5.92, +4.78%) were among the outperformers in the industrials sector (+0.6%). 

Elsewhere, the energy (+0.3%) and real estate (+0.5%) charted modest gains, rounding out the four S&P 500 sectors that finished in positive territory. 

Losses outside of the information technology sector were ultimately modest in nature, with nearly all sectors finishing above their worst levels. 

The communication services sector (-0.8%) was a relative laggard, as Alphabet (GOOG 307.15, -5.88, -1.88%) was among today's mega-cap underperformers. 

Tesla (TSLA 408.49, -8.84, -2.12%) and Amazon (AMZN 207.92, -2.72, -1.29%) finished similarly, though broad strength throughout the consumer discretionary sector (-0.4%), including solid gains across travel-related names such as Expedia Group (EXPE 217.93, +14.19, +6.96%) and Norwegian Cruise Line (NCLH 25.03, +1.22, +5.12%), helped somewhat offset the weakness. 

The Vanguard Mega Cap Growth ETF finished 1.1% lower, weighing on the market-weighted S&P 500 (-0.5%) as it considerably underperformed the S&P 500 Equal Weighted Index (+0.6%). 

Outside of the S&P 500, the Russell 2000 (+0.5%) and S&P Mid Cap 400 (+0.4%) recovered from early weakness to chart decent gains of their own. 

Ultimately, today's session was relatively "normal" in terms of what the market has displayed so far in 2026. A mega-cap industry leader (NVIDIA) delivered another staggering earnings report, yet valuation concerns and capital expenditure concerns across its hyperscaler customer base saw the stock retreat below its 50-day moving average (185.60). Meanwhile, there was select rotational strength across some cyclical sectors (aided by a rebound in software names) and an outperformance across small- and mid-cap stocks. 

After several days of mega-cap and tech outperformance, today's pullback has the S&P 500 and Nasdaq Composite entering the Friday session unchanged for the week, with the S&P 500 a touch above its own 50-day moving average. 

U.S. Treasuries climbed on Thursday, sending yields on 10s and 30s to their lowest closing levels of the year, while shorter tenors also recorded solid gains, though their yields remained a bit above 2026 lows. The 2-year note yield settled down two basis points to 3.45%, the 10-year note yield settled down three basis points to 4.02%, and the 30-year note yield settled down three basis points to 4.67%.

  • S&P Mid Cap 400: +9.1% YTD
  • Russell 2000: +8.8% YTD
  • DJIA: +3.0% YTD
  • S&P 500: +0.9% YTD
  • Nasdaq Composite: -1.6% YTD

Reviewing today's data:

  • Initial jobless claims for the week ending February 21 increased by 4,000 to 212,000 (Briefing.com consensus: 211,000). Continuing jobless claims for the week ending February 14 decreased by 31,000 to 1.833 million.
    • The key takeaway from the report is its persistent low-firing, low-hiring messaging.

Overseas:

  • Europe: DAX +0.4%, FTSE +0.4%, CAC +0.7%
  • Asia: Nikkei +0.3%, Hang Seng -1.4%, Shanghai flat

Commodities:

  • Crude Oil -0.26 @ 65.21
  • Nat Gas -0.14 @ 2.83
  • Gold -32.30 @ 5194.10
  • Silver -3.41 @ 87.59
  • Copper -0.03 @ 6.01

After-Hours Spotlight:

  • Applied Optoelectronics (AAOI) beats by $0.10, beats on revs; guides Q1 EPS in-line, revs above consensus...AAOI +18.3%
  • Arlo Technologies (ARLO) beats by $0.06, beats on revs; guides Q1 EPS in-line, revs above consensus...ARLO +13.4%
  • Autodesk (ADSK) beats by $0.21, beats on revs; guides Q1 EPS above consensus, revs above consensus; guides FY27 EPS above consensus, revs above consensus...ADSK +4.6%
  • Block (XYZ) beats by $0.01, reports revs in-line; strong Cash App growth, plans 40% workforce cut with $450–$500 mln restructuring charges...XYZ +26.5%
  • Caris Life Sciences (CAI) beats by $0.25, beats on revs; guides FY26 revs above consensus...CAI +16.9%
  • CoreWeave (CRWV) reports Q4 (Dec) results, beats on revs...CRWV -9.6%
  • Dell (DELL) beats by $0.36, beats on revs; guides Q1 EPS above consensus, revs above consensus; guides FY27 EPS above consensus, revs above consensus...DELL +9.9%
  • Duolingo (DUOL) beats on revs; guides Q1 revs below consensus; guides FY26 revs above consensus; announces buyback...DUOL -22.5%
  • Flutter Entertainment (FLUT) misses by $0.15, misses on revs; guides FY26 revs below consensus...FLUT -9.4%
  • Fox Factory (FOXF) Holding beats by $0.05, beats on revs; guides Q1 revs in-line; guides FY26 revs below consensus; announces Phase 2 Profit Optimization Strategy and Strategic Alternatives Review...FOXF +0.8%
  • MP Materials (MP) beats by $0.09, misses on revs...MP -3.6%
  • Monster Beverage (MNST) beats by $0.03, beats on revs...MNST -1.7%
  • nLIGHT (LASR) beats by $0.03, beats on revs; guides Q1 revs above consensus...LASR -7.1%
  • Rocket Lab USA (RKLB) beats by $0.01, beats on revs; guides Q1 revs in-line...RKLB -5.5%
  • Solventum (SOLV) beats by $0.08, beats on revs; guides FY26 EPS above consensus...SOLV +0.3%
  • Sunrun (RUN) reports Q4 results, beats on revs...RUN -2.5%
  • The RealReal (REAL) beats by $0.02, beats on revs; guides Q1 revs above consensus; guides FY26 revs above consensus...REAL +13.4%
  • Zscaler (ZS) beats by $0.12, beats on revs; guides Q3 EPS above consensus, revs above consensus; raises FY26 guidance...ZS -9.6%

Fair Value for Friday, February 27:

  • S&P 500: 6,920
  • Nasdaq 100: 25,118
  • DJIA: 49,534
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):
    • ACADIA Pharmaceuticals (ACAD) beats by $1.46, misses on revs; guides FY26 revs above consensus
    • ACM Research (ACMR) misses by $0.39, reports revs in-line; reaffirms FY26 revs guidance
    • Acushnet (GOLF) misses by $0.31, beats on revs; guides FY26 revs above consensus; increases dividend by 8.5%
    • ADTRAN (ADTN) beats by $0.08, beats on revs; guides Q1 revs in-line
    • Agilent (A) misses by $0.01, reports revs in-line; guides Q2 EPS in-line, revs above consensus; guides FY26 EPS in-line, revs in-line
    • Alkami Technology (ALKT) reports Q4 (Dec) results, revs in-line; guides Q1 revs below consensus; guides FY26 revs below consensus
    • APA Corp. (APA) beats by $0.27, beats on revs, provides 2026 outlook
    • Array Tech (ARRY) reports EPS in-line, beats on revs; guides FY26 EPS below consensus, revs in-line
    • Baidu (BIDU) beats by RMB0.93, reports revs in-line
    • Bentley Systems (BSY) beats by $0.01, beats on revs; guides FY26 revs above consensus
    • BeOne Medicines (ONC) beats by $0.66, beats on revs; guides FY26 revs below consensus
    • BJ Restaurants (BJRI) beats by $0.02, reports revs in-line
    • C3.ai (AI) misses by $0.11, misses on revs; guides Q4 revs below consensus; guides FY27 revs below consensus
    • Cactus (WHD) beats by $0.07, beats on revs
    • Carlyle Group (CG) announces three-year financial targets ahead of 2026 Shareholder Update; Also announces that it has approved a new $2.0 bln share repurchase authorization
    • Cars.com (CARS) misses by $0.11, reports revs in-line; guides Q1 revs below consensus; guides FY26 revs below consensus
    • CBIZ (CBZ) misses by $0.04, misses on revs; guides FY26 EPS below consensus, revs below consensus
    • Celsius (CELH) beats by $0.07, beats on revs
    • Certara (CERT) misses by $0.02, reports revs in-line; guides FY26 EPS below consensus, revs below consensus
    • Chemed (CHE) misses by $0.61, misses on revs; guides FY26 EPS below consensus
    • Cheniere Energy (LNG) reports Q4 (Dec) results, revs in-line; announces $9 bln increase to its share repurchase authorization
    • Chesapeake Utilities (CPK) reports EPS in-line, beats on revs
    • Chime (CHYM) beats by $0.06, beats on revs; guides Q1 revs above consensus; guides FY26 revs above consensus
    • Chord Energy (CHRD) beats by $0.04, beats on revs
    • Churchill Downs (CHDN) reports EPS in-line, revs in-line
    • CIBC (CM) beats by CAD0.36, beats on revs
    • Deutsche Telekom (DTEGY) reports FY25 results; provides outlook for 2026
    • DigitalBridge (DBRG) beats by $0.17
    • Donaldson (DCI) misses by $0.06, reports revs in-line; lowers FY26 EPS guidance below consensus
    • Dorman Products (DORM) beats by $0.05, misses on revs; guides FY26 EPS below consensus, revs above consensus
    • D-Wave Quantum (QBTS) misses by $0.03, misses on revs
    • Enovix (ENVX) beats by $0.04, beats on revs; guides Q1 EPS in-line, revs below consensus; share buyback authorization up to $75 mln
    • Excelerate Energy (EE) misses by $0.07, beats on revs
    • First Advantage Corp. (FA) beats by $0.04, beats on revs; guides FY26 EPS in-line, revs above consensus; announces buyback
    • Frontdoor (FTDR) beats by $0.10, beats on revs; guides Q1 revs below consensus; guides FY26 revs below consensus
    • FTAI Aviation Ltd. (FTAI) misses by $0.16, misses on revs; increases dividend
    • Gibraltar Industries (ROCK) beats by $0.02, beats on revs
    • Gildan Activewear (GIL) reports EPS in-line, misses on revs; guides FY26 EPS below consensus, revs below consensus; Provides HanesBrands integration progress update, announces 10% dividend increase
    • GoodRx (GDRX) reports EPS in-line, revs in-line; guides FY26 revs below consensus
    • Green Brick Partners (GRBK) beats by $0.15, beats on revs; adopted a new share repurchase plan of $150 mln
    • HEICO (HEI) beats by $0.07, reports revs in-line
    • Hilton Grand Vacations (HGV) misses by $0.24, misses on revs
    • Hormel Foods (HRL) beats by $0.02, misses on revs; reaffirms FY27 EPS guidance, revs guidance
    • Ibotta (IBTA) misses by $0.02, beats on revs; guides Q1 revs above consensus
    • IMAX (IMAX) beats by $0.13, beats on revs; guides to $1.4 bln in IMAX box office in 2026
    • Installed Building Products (IBP) beats by $0.47, reports revs in-line; increases dividend; authorizes new $500 mln share repurchase program
    • Integra (IART) beats by $0.03, beats on revs; guides Q1 EPS below consensus, revs below consensus; guides FY26 EPS in-line, revs in-line
    • International Seaways (INSW) beats by $0.36, beats on revs; declares combined dividend of $2.15 per share
    • IonQ (IONQ) beats by $0.31, beats on revs; guides Q1 revs; guides FY26 revs above consensus
    • J.M. Smucker (SJM) beats by $0.11, reports revs in-line; reaffirms FY26 EPS guidance, revs guidance
    • Joby Aviation (JOBY) beats by $0.08, beats on revs
    • KBR (KBR) beats by $0.04, misses on revs; guides FY26 EPS in-line, revs in-line
    • Kinetik (KNTK) beats by $1.89, reports revs in-line
    • Kodiak Gas Services (KGS) misses by $0.21, reports revs in-line
    • Krispy Kreme (DNUT) beats by $0.06, reports revs in-line; Issues FY26 guidance, including systemwide sales growth of 2-4% in constant currency
    • Kymera Therapeutics (KYMR) misses by $0.19, misses on revs
    • LandBridge (LB) beats on revs; announces $50 million share repurchase authorization
    • Lantheus Holdings (LNTH) beats by $0.47, beats on revs; guides FY26 EPS below consensus, revs below consensus
    • Lemaitre Vascular (LMAT) beats by $0.02, beats on revs; guides Q1 EPS above consensus, revs in-line; guides FY26 EPS above consensus, revs above consensus; increases dividend; announces buyback
    • Ligand Pharma (LGND) beats by $0.52, beats on revs; reaffirms FY26 EPS guidance, revs guidance
    • Magnite (MGNI) misses by $0.01, beats on revs; Issues Q1 and FY26 guidance, announces new $200 mln stock buyback program
    • Marriott Vacations (VAC) beats by $0.28, beats on revs; guides FY26 EPS above consensus
    • Miami International Holdings (MIAX) beats by $0.11, beats on revs
    • Middleby (MIDD) reports Q4 (Dec) results, misses on revs; guides Q1 EPS in-line, revs below consensus; guides FY26 EPS below consensus, revs below consensus
    • Mirum Pharmaceuticals (MIRM) misses by $0.18, beats on revs; guides FY26 revs in-line
    • Montrose Environmental Group (MEG) misses by $0.11, beats on revs; guides FY26 revs in-line
    • MYR Group (MYRG) beats by $0.46, beats on revs
    • National Storage Affiliates (NSA) beats by $0.02, beats on revs; guides FY26 FFO in-line
    • Northern Oil & Gas (NOG) beats by $0.04, beats on revs
    • Nutanix (NTNX) beats by $0.12, beats on revs; guides Q3 revs below consensus; guides FY26 revs in-line
    • NVIDIA (NVDA) beats by $0.08, beats on revs; guides Q1 revs above consensus; Data Center revenue a record $62.3 bln, up 75% yr/yr
    • Ormat Tech (ORA) beats by $0.03, beats on revs; guides FY26 revs in-line
    • OUTFRONT Media (OUT) reports Q4 (Dec) results, revs in-line
    • Papa John's (PZZA) beats by $0.01, misses on revs
    • Paramount Skydance (PSKY) reports Q4 (Dec) results, revs in-line; guides Q1 revs below consensus; guides FY26 revs in-line
    • Pebblebrook Hotel Trust (PEB) beats by $0.05; guides Q1 FFO above consensus; guides FY26 FFO in-line
    • PENN Entertainment (PENN) beats by $0.24, beats on revs
    • Permian Resources (PR) beats by $0.09, misses on revs; increases quarterly base dividend to $0.16/share
    • Perrigo (PRGO) misses by $0.01, reports revs in-line; guides FY26 EPS below consensus, revs below consensus; Announces new reporting structure and announces new streamlining actions, including reduction of 7% of current workforce
    • Primo Brands Corporation (PRMB) beats by $0.06, beats on revs
    • Privia Health (PRVA) beats by $0.22, beats on revs; guides FY26 revs above consensus
    • PROCEPT BioRobotics (PRCT) misses by $0.21, misses on revs; guides Q1 revs below consensus; guides FY26 revs below consensus
    • Public Service (PEG) beats by $0.01, beats on revs; guides FY26 EPS in-line; updates targets
    • Pure Storage (PSTG) beats by $0.04, beats on revs; guides Q1 revs above consensus; guides FY27 revs above consensus
    • Qnity Electronics (Q) beats by $0.19, beats on revs; guides FY26 EPS above consensus, revs in-line; Authorizes the repurchase of up to $500 million of outstanding common shares, transformation plan
    • Ramaco Resources (METC) beats by $0.03, misses on revs
    • Revolution Medicines (RVMD) reports Q4 results, provides clinical update
    • Root, Inc. (ROOT) beats by $0.56, beats on revs
    • Royal Bank of Canada (RY) beats by CAD 0.23; beats on revs
    • Salesforce (CRM) beats by $0.76, reports revs in-line; guides Q1 EPS above consensus, revs above consensus; guides FY27 EPS in-line, revs in-line; increases dividend
    • Sarepta Therapeutics (SRPT) reports Q2 results; beats on revs
    • Seadrill Ltd (SDRL) misses by $0.21, beats on revs; guides FY26 revs in-line
    • Sezzle (SEZL) beats by $0.24, beats on revs; guides FY26 EPS above consensus, revs above consensus
    • Shake Shack (SHAK) beats by $0.03, reports revs in-line
    • Shift4 Payments (FOUR) misses by $0.02, misses on revs; guides FY26 EPS below consensus, revs in-line
    • Sinclair Broadcast (SBGI) reports Q4 (Dec) results, revs in-line; guides FY26 revs in-line
    • SmartStop Self Storage REIT (SMA) beats by $0.01, beats on revs
    • SM Energy (SM) misses by $0.02, misses on revs
    • Snowflake (SNOW) beats by $0.05, beats on revs
    • StandardAero (SARO) reports EPS in-line, beats on revs; guides FY26 EPS above consensus, revs in-line
    • Stellantis (STLA) reports FY25 results; revs in-line
    • Synopsys (SNPS) beats by $0.21, reports revs in-line; guides Q2 EPS above consensus, revs in-line; guides FY26 EPS in-line, revs in-line; Approves replenishment of existing stock repurchase program with authorization to purchase up to $2.0 bln of common stock
    • Teladoc (TDOC) beats by $0.04, beats on revs; guides Q1 EPS below consensus, revs below consensus; guides FY26 EPS in-line, revs in-line
    • The Trade Desk (TTD) beats by $0.24, reports revs in-line; guides Q1 revs below consensus; increases buyback
    • TKO Group Holdings (TKO) reports Q4 (Dec) results, beats on revs; guides FY26 revs below consensus; intends to launch up to $1 bln in share repurchases in March 2026
    • TopBuild (BLD) misses by $0.04, reports revs in-line; guides FY26 revs in-line
    • Toronto-Dominion Bank (TD) beats by $CAD0.18, beats on revs
    • Trip.com Group (TCOM) beats by RMB 1.36, beats on revs; Announces series of Board composition changes
    • Ultra Clean Holdings (UCTT) announces proposed convertible senior notes offering $400 million aggregate principal amount of convertible senior notes due 2031
    • United Parks & Resorts Inc. (PRKS) misses by $0.27, reports revs in-line
    • Universal Health (UHS) beats by $0.02, reports revs in-line; guides FY26 EPS in-line, revs above consensus
    • Urban Outfitters (URBN) beats by $0.17, reports revs in-line
    • U.S. Physical Therapy (USPH) misses by $0.01, beats on revs; CFO to step down; increases dividend
    • Veeco Instruments (VECO) reports EPS in-line, revs in-line; guides Q1 EPS below consensus, revs in-line; guides FY26 EPS in-line, revs above consensus
    • Veracyte (VCYT) beats by $0.12, beats on revs; reaffirms FY26 revs guidance
    • VICI Properties (VICI) beats by $0.01, reports revs in-line; guides FY26 FFO in-line
    • Vipshop (VIPS) beats by RMB0.18, misses on revs
    • VSE Corp (VSEC) beats by $0.27, beats on revs; guides FY26 revs below consensus
    • Walker & Dunlop (WD) misses by $1.64, misses on revs
    • Warner Bros. Discovery (WBD) misses by $0.07, beats on revs
    • Wolverine (WWW) beats by $0.01, beats on revs; guides FY26 EPS in-line, revs above consensus
    • Xylem (XYL) announces $1.5 billion share repurchase authorization
    • Zoom Communications (ZM) misses by $0.05, beats on revs; guides Q1 EPS below consensus, revs in-line; guides FY27 EPS below consensus, revs above consensus
  • General News
    • President Trump's advisors would prefer Israel strike Iran before the U.S. launches an attack. U.S. and Iran will hold nuclear negotiations today, according to Politico
    • The U.S. is deploying combat jets to Israel, according to WSJ
    • The U.S. and Iran remain far apart on nuclear talks, according to WSJ
    • Axios reporter Barak Ravid says "U.S.-Iran nuclear talks in Geneva end after three hours, per source with knowledge"
    • The Pentagon has asked defense contractors to assess how dependent they are on Anthropic’s Claude AI model, according to Axios
    • Rare earth shortages are getting worse, according to Reuters
    • Maryland files a lawsuit to stop large immigration detention facility, according to Bloomberg
    • CMS is removing the national coverage determination 110.17 for anti-cancer chemotherapy for colorectal cancer
    • Vice President JD Vance says the Trump administration will halt $259 mln in Medicaid funds to Minnesota due fraud allegations
    • AeroVironment (AVAV): U.S. Army will purchase Switchblade attack drones from AVAV, according to Axios
    • Apple (AAPL) in discussions to start payment service in India, according to Bloomberg
    • argenx (ARGX) Announces Positive Topline Results from Phase 3 ADAPT OCULUS Trial of VYVGART in Ocular Myasthenia Gravis
    • Asbury Automotive (ABG) approves an increase in the authorization of the share repurchase plan for the Company of $424 million
    • Boeing (BA): FAA to address Boeing 737 circuit breaker issue, according to Reuters
    • Bread Financial (BFH) has approved a $600 mln increase to the Company’s existing share repurchase authorization
    • Bristol-Myers (BMY) and SystImmune announce that SystImmune’s parent company, Sichuan Biokin Pharmaceutical Co., reported positive topline results from a pre-specified interim analysis of a Phase III study evaluating izalontamab brengitecan, in patients with unresectable locally advanced or metastatic triple-negative breast cancer whose disease progressed following prior taxane therapy
    • CEA Industries (BNC) CEO David Namdar issues letter to shareholders
    • Cheniere Energy (LNG) announces that its subsidiary, Cheniere Marketing International LLP, has entered into a long-term liquefied natural gas sale and purchase agreement with CPC Corporation, Taiwan
    • Datadog (DDOG) announces a strategic partnership with Sakana AI to collaborate on research, product innovation, and go-to-market initiatives focused on enterprise AI adoption
    • Ecolab (ECL) announces that to support its next phase of growth, it is dividing the chief operating officer role into two complementary positions to build high-performing global businesses while strengthening the foundations for growth in all our markets around the world
    • Eli Lilly (LLY) announces detailed results from ACHIEVE-3, the first head-to-head Phase 3 trial evaluating the safety and efficacy of orforglipron, a small molecule oral GLP-1 without food or water restrictions, compared with oral semaglutide in adults with type 2 diabetes inadequately controlled with metfor
    • Equinox Gold (EQX) announces normal course issuer bid for common shares
    • Fair Isaac (FICO) has approved a stock repurchase program to acquire up to $1.5 bln of the company’s outstanding common stock
    • Fermi America (FRMI) secures 6 GW clean air permit for Texas private power campus
    • Fox Corporation (FOXA): FCC's media bureau seeks comment on sports broadasting practices and marketplace developments
    • GlaxoSmithKline's (GSK) bepirovirsen accepted for review in Japan for chronic hepatitis B
    • GlaxoSmithKline's (GSK) linerixibat accepted for priority review in China for PBC-related itch
    • Ionis Pharma (IONS) announces that the U.S. Food and Drug Administration has accepted for Priority Review the supplemental New Drug Application for olezarsen for severe hypertriglyceridemia
    • Merck (MRK): FDA Approves NUMELVI (atinvicitinib tablets) for Dogs from Merck Animal Health – The First and only second-generation janus kinase inhibitor for the control of pruritus associated with allergic dermatitis
    • Microsoft (MSFT): Japan's watchdog raided the office of Microsoft in Japan, according to Nikkei
    • Middleby (MIDD) announces that Mark Salman, currently President of the Middleby Food Processing Group, will serve as Chief Executive Officer of the Food Processing business when it becomes an independent public company in the second quarter of 2026
    • NIO (NIO) subsidiary Shenji to receive RMB2.26 bln strategic investment
    • Nutanix (NTNX) and AMD (AMD) announce a multi-year strategic partnership to jointly develop an open, full-stack AI infrastructure platform designed to power agentic AI applications, everywhere
    • Nuvalent (NUVL) outlines pipeline progress and reiterated key anticipated milestones
    • NVIDIA (NVDA) states in 10-K that it's finalizing an investment and partnership agreement with OpenAI
    • Nvidia (NVDA) CEO Jensen Huang in an interview, says markets were wrong about artificial intelligence's threat to software companies, according to CNBC
    • Salesforce (CRM) also authorized a new $50 bln share repurchase program, replacing all previously unused authorizations
    • Stellantis (STLA) considering using EV charging technology from Chinese partner Leapmotor, according to Bloomberg
    • TaskUs (TASK) has authorized and declared a special cash dividend of $3.65/share and announces refinancing commitments
    • TaskUs (TASK) announces that Chief Financial Officer Balaji Sekar has informed the Company of his intention to step down to pursue a role at a private company
    • The Baldwin Group (BWIN) announces a new collaboration with Fairway Independent Mortgage Corporation
    • Toyota Motor (TM) planning $19 bln in share sales by insinuations, according to Reuters
    • VSE Corp (VSEC) announces the launch of a new life-of-program distribution program with an OEM
  • Upgrades:
    • Alcon (ALC) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $97
    • Joby Aviation (JOBY) upgraded to Buy from Neutral at H.C. Wainwright, tgt $18
    • Nasdaq (NDAQ) upgraded to Buy from Hold at TD Cowen, tgt $106
    • Shoe Carnival (SCVL) upgraded to Buy from Hold at Williams Trading
    • Spotify (SPOT) upgraded to Buy from Neutral at Arete, tgt $586
    • U.S. Bancorp (USB) upgraded to Buy from Hold at Truist Securities, tgt $66
  • Downgrades:
    • Array Tech (ARRY) downgraded to Hold from Buy at Deutsche Bank; tgt $9
    • Ategrity Specialty Insurance (ASIC) downgraded to Neutral from Buy at Citigroup, tgt $27
    • Grupo Cibest S.A. (CIB) downgraded to Underperform from Market Perform at Itau BBA, tgt $68
    • C3.ai (AI) downgraded to Market Perform from Outperform at Citizens
    • First Solar (FSLR) downgraded to Hold from Buy at Deutsche Bank, tgt $245
    • Merit Medical Systems (MMSI) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $78
    • Mosaic (MOS) downgraded to Underweight from Neutral at JPMorgan, tgt $24
    • Oddity Tech (ODD) downgraded to Underperform from Buy at BofA Securities, tgt $10
    • Oddity Tech (ODD) downgraded to Underweight from Equal Weight at Barclays, tgt $13
    • Oddity Tech (ODD) downgraded to Neutral from Overweight at JPMorgan, tgt $16
    • Procept BioRobotics (PRCT) downgraded to Underperform from Neutral at BofA Securities, tgt $20
    • RenaissanceRe Holdings (RNR) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $310
    • Southern Copper (SCCO) downgraded to Underperform from Neutral at BofA Securities, tgt $175
    • Spok Holdings (SPOK) downgraded to Neutral from Buy at B. Riley, tgt $14
    • Tanger (SKT) downgraded to Neutral from Buy at Compass Point, tgt $38
    • The Trade Desk (TTD) downgraded to Hold from Buy at Loop Capital, tgt $25
    • The Trade Desk (TTD) downgraded to Sell from Neutral at New Street Research, tgt $17
    • Vale (VALE) downgraded to Neutral from Buy at BofA Securities, tgt $18
  • Others:
    • Builders FirstSource (BLDR) initiated with an Outperform at William Blair
    • Eikon Therapeutics (EIKN) initiated with an Underperform at Wedbush; tgt $7
    • Five Below (FIVE) initiated with an Outperform at KGI Securities, tgt $267
  • Econ Data (Friday):
    • 8:30 ET: January PPI (Briefing.com consensus 0.3%; prior 0.5%) and Core PPI (Briefing.com consensus 0.3%; prior 0.6%)
    • 9:45 ET: February Chicago PMI (Briefing.com consensus 52.5; prior 54.0)
    • 10:00 ET: November Construction Spending (Briefing.com consensus 0.3%: prior 0.5%)
  • Earnings:
    • Monday (Feb 23)
      • Pre-Market: AXSM D DPZ DEA EMA FRPT WGS SCL
      • After-Hours: ACVA ADUS ALSN AESI BBBY BCC BMRN BWXT CNNE CWEN FANG EVER FWRD HLX HIMS IIPR INVX JBTM KEYS KTOS MAX MYGN OKE OVV PAY PRIM KWR RHP SKWD TNC UFPI UCTT VVX VNOM VIR ZD
      Tuesday (Feb 24)
      • Pre-Market: AHCO AIN AS AMT APLS AWI ARVN AVNS BNS BRSL CECO CEG CIFR CLVT DOCN ELAN NVRI ESTA EXPD FERG FIS FWRG HRMY HSIC HD TILE KDP KNSA DRS LTH NOVT NRG OPCH PLNT PTLO RGEN SHLS SHC WLK XHR XMTR
      • After-Hours: ATEC AMC AXON ATRO SAM BBIO CWH CDNA CAVA CCC IMOS CLNE CORT CSGP CYTK DAWN ECG EVH EXLS EXPI EOG FSLR FLYW GMED GDDY HPQ HURN IPAR JAZZ LNWO LTC LCID MQ MTDR MATX MMSI MOS MELI NMFC PARR PRCT RRC O REZI RVLV SLDE SPXC SUI SUPN TALO SKT TEM TMDX TREX UFPT PCVX VRRM WDAY ZETA
    • Wednesday (Feb 25)
      • Pre-Market: ACHC ALKS APG AROC ASPN AVA BMO BLMN CTRI CRCL YOU DIN DOLE DRVN FSS HAYW HUT HOV HNI IMCR IONS LFST LINE LIVN LOW MDLN MGPI NMRK ODD OC PLAB PNW RXRX SWX STWD SHOO TBLA TJX TPH UTHR XPEL
      • After-Hours: ACAD ADMA APA ADTN A ALKT RCUS ARRY BBSI BJRI AI WHD CWT CBZ CHE CPK CHYM CHRD CHDN DBRG DORM ECPG ENVX EPR WTRG EE FSK FTAI GDRX GRBK HEI IBTA IMAX NGVT IONQ JOBY KNTK KGS LMAT MGNI VAC MIAX MIRM MEG MYRG NSA NRDS NOG NTNX NVDA ORA OUT PSKY PEB PR PSTG RVMD ROOT RXST CRM SRPT SDGR SDRL SEZL SBGI SKYT SM SMA SNOW SARO SNPS TDOC TTD TKO TCOM USPH UHS URBN VECO VCYT VICI VSEC ZM
    • Thursday (Feb 26)
      • Pre-Market: ACMR GOLF AMBP ARHS ACIW BIDU BSY ONC BCRX CARS CELH LNG CQP CM COLL QBTS DCI DCO ECVT EME ENOV FA FTRE FTDR FCN FOUR ROCK GCT GIL GTN HTZ HRL IBP IART NTLA INSW SJM KBR KRP KOP DNUT KYMR LNTH LGND LOAR MNKD MIDD TIGO VYX NXST NOMD NVCR NVAX PZZA PAYO PENN PRGO PLTK PRMB PRVA PEG Q RYTM RY SRE SHAK TGLS TFX BLD TD TRS PRKS VTRS VCEL VIPS VISN VST VITL WD WRBY WBD WWW
      • After-Hours: ALHC AMBA AHR AAOI ACA ARLO AGO AUGO ADSK AVPT AES XYZ BCO CAI CERT CON CRWV CTRA CPNG CRNX CUBE DELL XRAY DRH DV DUOL ESTC EVTC FIGS FIGR FLUT FOXF GLOB GRND HGV ICFI INOD INTU MASI MTZ MNST MP NTRA NHI NATL NTAP LASR SMR OS OPK PCRX PAR PBA PGNY RLJ RKT RKLB SBAC SOLV SOUN STRA RUN SG SNDX TLN WULF BWIN REAL TPC WPM XPOF ZS
    • Friday (Feb 27)
      • Pre-Market: AMR ANIP BTSG CLMT DK FRO NIQ GOGO NWN SHO
      • After-Hours: GSAT


Cookies are essential for making our site work. By using our site, you consent to the use of these cookies. Read our cookie policy to learn more.