After Hours Report

The stock market traded in mixed fashion through most of the session. The major indices traded above and below their prior closing levels due to a lack of conviction from either buyers or sellers. The S&P 500 and Nasdaq Composite ultimately closed near their highs, though, thanks to a late surge of buying in some mega cap names.  

There was no specific new item to account for the afternoon climb that was driven by an ongoing inclination to buy on weakness, along with some short-covering activity. Apple (AAPL 233.22, +0.75, +0.3%) was among the influential beneficiaries of the increased buying after trading down as much as 0.9%.

Market breadth was still negative at the close, however. Decliners led advancers by a fractional margin at the NYSE and by an 11-to-10 margin at the Nasdaq. 

Outsized moves were mostly reserved for stocks that reported earnings. Qualcomm (QCOM 169.32, -6.54, -3.7%) was a standout in that regard, sparking selling interest in other semiconductor-related. Ford Motor (F 9.26, -0.75, -7.5%) and Skyworks Solutions (SWKS 65.60, -21.48, -24.7%) were also noticeable laggards, logging fresh 52-week lows in response to earnings.

Tapestry (TPR 82.20, +8.82, +12.0%), Ralph Lauren (RL 273.14, +24.14, +9.7%), and Phillip Morris (PM 145.32, +14.34, +11.0%), which each hit a 52-week high, were standouts on the winning side, along with Hershey (HSY 152.34, +6.42, +4.4%).

Separately, The 10-yr settled two basis points higher at 4.44% and the 2-yr yield settled three basis points higher at 4.21%.

• Dow Jones Industrial Average: +5.2% YTD
• S&P Midcap 400: +4.1% YTD
• Russell 2000: +3.5% YTD
• S&P 500: +3.4% YTD
• Nasdaq Composite: +2.5% YTD

Reviewing today's economic data:

• Q4 Productivity-Prel 1.2% (Briefing.com consensus 0.8%); Prior was revised to 2.3% from 2.2%, Q4 Unit Labor Costs-Prel 3.0% (Briefing.com consensus 2.6%); Prior was revised to 0.5% from 0.8%
  • The key takeaway from the report is that the productivity is on the rise, which will help temper inflation pressures. The 1.8% annualized rate of productivity growth in the current business cycle (starting Q4 2019) is higher than the 1.5% rate of the previous business cycle (Q4 2007 through Q4 2019).
• Weekly Initial Claims 219K (Briefing.com consensus 213K); Prior was revised to 208K from 207K, Weekly Continuing Claims 1.886 mln; Prior was revised to 1.850 mln from 1.858 mln
  • The key takeaway from the report is that there simply hasn't been a material increase in initial jobless claims, which would suggest there is some real weakening in the labor market. Hiring activity might have slowed, but the layoff activity does not impart an indication that employers think the economy is on the brink of a meaningful slowdown.

Looking ahead to Friday, market participants receive the following economic data:

• 8:30 ET: January Nonfarm Payrolls (Briefing.com consensus 155,000; prior 256,000), Nonfarm Private Payrolls (Briefing.com consensus 163,000; prior 223,000), Average Hourly Earnings (Briefing.com consensus 0.3%; prior 0.3%), Unemployment Rate (Briefing.com consensus 4.1%; prior 4.1%), and Average Workweek (Briefing.com consensus 34.3; prior 34.3)
• 10:00 ET: Preliminary February University of Michigan Consumer Sentiment (Briefing.com consensus 71.3; prior 71.1) and December Wholesale Inventories (Briefing.com consensus -0.5%; prior -0.2%)
• 15:00 ET: December Consumer Credit (Briefing.com consensus $13.4 bln; prior -$7.5 bln)

Overseas:

• Europe: DAX +1.5%, FTSE +1.2%, CAC +1.5%
• Asia: Nikkei +0.6%, Hang Seng +1.4%, Shanghai +1.3%

Commodities:

• Crude Oil -0.67 @ 70.44
• Nat Gas +0.06 @ 3.41
• Gold -17.10 @ 2876.70
• Silver -0.28 @ 32.67
• Copper +0.01 @ 4.45

After-Hours Spotlight:

• Affirm (AFRM) beats by $0.39, beats on revs; guides Q3 revs in-line; guides Q4 (Jun) revs in-line... AFRM up 10.9%
• Amazon (AMZN) beats by $0.37, reports revs in-line, reports operating income above guidance; guides Q1 revs below consensus... AMZN down 3.1%
• Bill.com (BILL) beats by $0.09, reports revs in-line; guides Q3 EPS above consensus, revs below consensus; guides FY25 EPS above consensus, revs in-line... BILL down 31.6%
• Cloudflare (NET) beats by $0.01, beats on revs; guides Q1 EPS below consensus, revs below consensus; guides FY25 EPS below consensus, revs in-line... NET up 8.2%
• Doximity (DOCS) beats by $0.11, beats on revs; guides Q4 revs above consensus; raises FY25 revs above consensus... DOCS up 23.3%
• e.l.f. Beauty (ELF) misses by $0.02, beats on revs; guides FY25 EPS below consensus, revs below consensus... ELF down 24.2%
• Expedia Group (EXPE) beats by $0.30, beats on revs, booked room nights grew 12%; reinstates quarterly dividend... EXPE up 6.0%
• Fortinet (FTNT) beats by $0.13, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY25 EPS in-line, revs above consensus... FTNT up 12.9%
• Leslie's (LESL) misses by $0.01, reports revs in-line; guides Q2 EPS below consensus, revs below consensus; guides FY25 EPS below consensus, revs below consensus... LESL down 9.4%
• Monolithic Power (MPWR) beats by $0.11, beats on revs; guides Q1 revs above consensus; announces buyback... MPWR up 16.5%
• Pinterest (PINS) misses by $0.08, beats on revs; guides Q1 revs above consensus... PINS up 16.2%
• Skechers USA (SKX) misses by $0.10, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY25 EPS below consensus, revs below consensus... SKX down 11.6%
• Take-Two (TTWO) beats by $0.24, misses on revs; guides Q4 EPS in-line, revs in-line... TTWO up 6.7%

Fair Value for Friday, February 7:

• S&P 500: 6,107
• Nasdaq 100: 21,871
• DJIA: 44,870

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

• Earnings/Guidance (Full Earnings Calendar):
  • Advanced Drainage Systems (WMS) misses by $0.11, beats on revs; reaffirms FY25 revs in-line
  • Affiliated Managers (AMG) on conference call sees Q1 EPS below consensus
  • Aflac (AFL) misses by $0.05, beats on revs
  • Align Tech (ALGN) misses by $0.01, reports revs in-line; guides Q1 revs below consensus; provides update on potential new tariffs
  • AllianceBernstein (AB) beats by $0.19, beats on revs
  • Allstate (ALL) beats by $1.40, beats on revs
  • Alpha and Omega Semi (AOSL) beats by $0.01, misses on revs; mid-point of MarQ revs guidance below consensus
  • American Superconductor (AMSC) beats by $0.09, beats on revs; provides Q4 guidance
  • Anglo American (NGLOY) reports Q4 production; provides guidance for 2025-2027
  • Aptiv (APTV) beats by $0.10, reports revs in-line; guides Q1 EPS in-line, revs in-line; guides FY25 EPS in-line, revs in-line
  • ArcelorMittal (MT) beats by $0.03, misses on revs; raises dividend
  • Arm Holdings plc (ARM) beats by GBP0.05, beats on revs; guides Q4 EPS in-line, revs in-line
  • Arrow Electronics (ARW) beats by $0.29, beats on revs; guides Q1 EPS below consensus, revs in-line
  • ASGN Incorporated (ASGN) beats by $0.07, misses on revs; sees Q1 revs below consensus
  • AstraZeneca (AZN) beats by $0.02, beats on revs
  • AvalonBay (AVB) misses by $0.03; guides Q1 FFO in-line; guides FY25 FFO in-line; also raises quarterly dividend
  • Becton Dickinson (BDX) beats by $0.45, beats on revs; guides FY25 EPS in-line, revs below consensus; to separate its Biosciences and Diagnostic Solutions business from the rest of BDX
  • Belden (BDC) beats by $0.23, beats on revs; guides Q1 EPS below consensus, revs below consensus
  • Black Hills Corp (BKH) beats by $0.03, misses on revs; guides FY25 EPS in-line
  • Blue Bird (BLBD) beats by $0.13, beats on revs; guides FY25 revs in-line
  • Bombardier (BDRBF) reports FY24 results; defers offering guidance due to tariff uncertainties
  • BorgWarner (BWA) beats by $0.05, reports revs in-line; guides FY25 EPS below consensus, revs below consensus
  • Braskem SA (BAK) reports Q4 production update
  • Bristol-Myers (BMY) beats by $0.21, beats on revs; guides FY25 EPS below consensus, revs below consensus
  • Buckle (BKE) sees Q4 revs above estimates; January comps +4.4%; Q4 comps +3.9%
  • Canada Goose (GOOS) misses by CAD0.03, misses on revs; reaffirms FY25 revenue growth outlook
  • Cboe Global Markets (CBOE) reports trading volume for January 2025
  • CEMEX S.A. (CX) reported earnings; also launched 'Project Cutting Edge'-a three-year, US$350 million saving initiative
  • Central Garden (CENT) beats by $0.23, beats on revs; reaffirms FY25 EPS guidance
  • CMS Energy (CMS) reports EPS in-line, misses on revs; raises FY25 EPS guidance; increases dividend
  • Cognizant Tech (CTSH) beats by $0.09, reports revs in-line; guides Q1 revs in-line; guides FY25 EPS in-line, revs in-line
  • Coherent (COHR) beats by $0.26, beats on revs; guides Q3 EPS in-line, revs in-line
  • CONMED (CNMD) beats by $0.14, beats on revs; guides FY25 EPS below consensus, revs below consensus
  • ConocoPhillips (COP) beats by $0.14
  • Corpay (CPAY) beats by $0.01, misses on revs; guides FY25 EPS below consensus, revs below consensus
  • Corteva (CTVA) beats by $0.01, misses on revs; guides FY25 EPS below consensus, lowers FY25 revenue guidance
  • Costco (COST) reports December adjusted comparable sales of +9.8%
  • Crown (CCK) beats by $0.09, reports revs in-line; guides Q1 EPS above consensus; guides FY25 EPS in-line
  • Darling Ingredients (DAR) beats by $0.21, misses on revs; provides Q4 guidance
  • Deluxe (DLX) beats by $0.01, misses on revs; guides FY25 EPS in-line, revs below consensus
  • Digi Intl (DGII) beats by $0.02, reports revs in-line; guides Q2 EPS in-line, revs in-line
  • DRDGOLD (DRD) updates results for the six months ended 31 December 2024
  • Eli Lilly (LLY) beats by $0.31, reports revs in-line; guides FY25 EPS in-line, revs in-line
  • Embecta Corp. (EMBC) beats by $0.21, beats on revs; reaffirms FY25 EPS guidance, lowers revenue guidance
  • Enersys (ENS) beats by $0.36, misses on revs; guides Q4 EPS above consensus, revs below consensus; guides FY25 EPS above consensus, revs below consensus
  • Ensign Group (ENSG) beats by $0.01, reports revs in-line; guides FY25 EPS above consensus, revs above consensus
  • Entegris (ENTG) beats by $0.06, beats on revs; guides Q1 EPS below consensus, revs in-line
  • Envista (NVST) beats by $0.02, beats on revs; guides FY25 EPS below consensus, revs in-line
  • Equifax (EFX) beats by $0.02, misses on revs; guides Q1 EPS below consensus, revs below consensus; guides FY25 EPS below consensus, revs below consensus
  • Ford Motor (F) beats by $0.05, misses on revs; guides Q1 adjusted EBIT to be roughly breakeven
  • FormFactor (FORM) misses by $0.02, reports revs in-line; guides Q1 EPS below consensus, revs below consensus
  • Gates Industrial (GTES) beats by $0.03, reports revs in-line; guides FY25 EPS in-line
  • Globe Life (GL) reports Q4 (Dec) results, revs in-line; guides FY25 EPS in-line
  • Globus Medical (GMED) provides FY25 guidance following acquisition of Nevro (NVRO)
  • Gold Fields (GFI) reports production, all-in-costs and all-in-sustaining costs in line with its revised 2024 guidance
  • Haemonetics (HAE) beats by $0.02, misses on revs; guides FY25 EPS in-line, revs below consensus
  • Helmerich & Payne (HP) beats by $0.03, misses on revs; Provides operational outlook for Q2
  • Hershey Foods (HSY) beats by $0.32, beats on revs; guides FY25 EPS below consensus, revs above consensus
  • Hillenbrand (HI) beats by $0.02, beats on revs; guides Q2 EPS below consensus, revs below consensus
  • Hilton (HLT) beats by $0.07, reports revs in-line; guides Q1 EPS below consensus; guides FY25 EPS below consensus
  • Hologic (HOLX) misses by $0.15, reports revs in-line; guides Q2 EPS below consensus, revs in-line; reaffirms FY25 EPS guidance; lowers FY25 revenue guidance
  • Honeywell (HON) beats by $0.15, beats on revs; guides FY25 EPS below consensus, revs below consensus
  • Huntington Ingalls (HII) misses by $0.23, misses on revs
  • Impinj (PI) reports EPS in-line, misses on revs; guides Q1 EPS below consensus, revs below consensus
  • ING Groep (ING) reports Q4 results
  • Insight Enterprises (NSIT) beats by $0.14, misses on revs; guides FY25 EPS below consensus
  • Intercontinental Exchange (ICE) beats by $0.03, reports revs in-line
  • InterDigital (IDCC) beats by $1.08, beats on revs; guides Q1 EPS above consensus, revs below consensus; guides FY25 EPS above consensus, revs above consensus
  • IQVIA (IQV) beats by $0.01, reports revs in-line; reaffirms FY25 EPS guidance, revs guidance; increases its share repurchase authorization by $2 bln
  • ITT (ITT) beats by $0.03, reports revs in-line; guides FY25 EPS in-line, revs below consensus
  • Kellanova (K) beats by $0.09, reports revs in-line
  • Kemper (KMPR) beats by $0.44, misses on revs
  • Kenvue (KVUE) reports EPS in-line, misses on revs; guides FY25 revs below consensus
  • L'Oreal (LRLCY) reports FY24 results
  • Labcorp Holdings Inc. (LH) beats by $0.05, reports revs in-line; guides FY25 EPS in-line, revs above consensus
  • Ladder Capital (LADR) reports EPS in-line
  • Lear (LEA) beats by $0.41, beats on revs; guides FY25 revs below consensus
  • Lightspeed (LSPD) beats by $0.02, reports revs in-line; guides FY25 revs in-line; Announces results of strategic review
  • Lincoln National (LNC) beats by $0.15, beats on revs
  • Linde plc (LIN) beats by $0.03, misses on revs; guides Q1 EPS below consensus; guides FY25 EPS below consensus
  • LiveRamp (RAMP) beats by $0.08, beats on revs; guides Q4 revs in-line
  • Madison Square Garden Entertainment (MSGE) reports Q2 (Dec) results, beats on revs
  • MarketAxess (MKTX) beats by $0.05, reports revs in-line
  • MasterCraft (MCFT) beats by $0.11, beats on revs; guides Q3 EPS below consensus, revs below consensus; narrows FY25 guidance
  • McKesson (MCK) beats by $0.03, reports revs in-line; guides FY25 EPS in-line; guides FY25 revenue in-line with consensus
  • MDU Resources (MDU) beats by $0.56, misses on revs; guides FY25 EPS in-line
  • MetLife (MET) misses by $0.03, misses on revs
  • MicroStrategy (MSTR) misses by $2.94, misses on revs; changes company name to Strategy
  • Mid-America Aptmt (MAA) misses by $0.01, reports revs in-line; guides FY25 core FFO in-line
  • Moelis (MC) beats by $0.69, beats on revs; increases dividend 8%
  • Molina Healthcare (MOH) misses by $0.83, beats on revs; guides FY25 EPS below consensus, revs above consensus
  • News Corp. (NWSA) beats by $0.02, beats on revs
  • Nexa Resources (NEXA) achieves 2024 production and costs guidance, exceeds copper production, and provides 2025-2027 outlook
  • nVent Electric (NVT) reports EPS in-line, misses on revs; guides FY25 EPS in-line, revs in-line
  • Omnicell (OMCL) beats by $0.02, beats on revs; guides Q1 EPS below consensus, revs in-line; guides FY25 EPS in-line, revs in-line
  • O'Reilly Auto (ORLY) misses by $0.25, beats on revs; guides FY25 EPS below consensus, revs in-line
  • Patrick Industries (PATK) reports EPS in-line, beats on revs
  • Patterson-UTI (PTEN) misses by $0.03, misses on revs
  • Paycor (PYCR) beats by $0.02, beats on revs
  • Peabody Energy (BTU) misses by $0.17, beats on revs
  • Peloton (PTON) misses by $0.04, beats on revs; guides Q3 revs below consensus; narrows FY25 revs guidance
  • Philip Morris International (PM) beats by $0.05, beats on revs; guides FY25 EPS above consensus
  • Prestige Consumer (PBH) beats by $0.06, beats on revs; raises FY25 ESPS guidance, narrows revs guidance
  • PTC (PTC) beats by $0.21, beats on revs; guides Q2 EPS below consensus, revs below consensus; guides FY25 EPS in-line, revs in-line
  • Qiagen (QGEN) misses by $0.01, reports revs in-line; expects growth pace in 2H24 to continue in 2025
  • Qualcomm (QCOM) beats by $0.43, beats on revs; guides Q2 EPS above consensus, revs in-line
  • Radian Group (RDN) beats by $0.17, misses on revs
  • Ralph Lauren (RL) beats by $0.29, beats on revs; Sees Q4 constant currency revenue growth of approximately 6-7%
  • Rayonier (RYN) beats by $0.07, beats on revs; guides FY25 EPS in-line
  • Regal Rexnord (RRX) misses by $0.13, misses on revs; guides FY25 EPS in-line
  • Rexford Industrial Realty (REXR) reports FFO in-line, revs in-line; guides FY25 FFO below consensus; announces buyback
  • Roblox (RBLX) beats by $0.12, reports bookings in-line; guides Q1 bookings in-line; guides FY25 bookings in-line
  • Safehold (SAFE) misses by $0.01, beats on revs; Announces new $50.0 mln share repurchase program authorization
  • Silicon Motion (SIMO) beats by $0.17, misses on revs; guides Q1 revs below consensus; announces new $50 mln repurchase plan
  • SiTime (SITM) beats by $0.06, beats on revs
  • Snap-On (SNA) beats by $0.01, reports revs in-line
  • Sonos (SONO) beats by $0.47, beats on revs; announced a reorganization and 12% workforce reduction
  • Skyworks (SWKS) beats by $0.03, reports revs in-line; guides Q2 EPS in-line, revs in-line; authorizes up to $2.0 bln for repurchases
  • Spectrum Brands (SPB) beats by $0.10, reports revs in-line; reaffirms FY25 net sales growth guidance
  • Stewart Info (STC) beats by $0.28, beats on revs
  • Symbotic (SYM) reports Q1 (Dec) results, revs in-line; guides Q2 revs below consensus
  • Steris (STE) reports EPS in-line, beats on revs; guides FY25 revs slightly below consensus
  • Suncor Energy (SU) beats by CAD $0.44
  • Tapestry (TPR) beats by $0.25, beats on revs; raises FY25 EPS above consensus, revs above consensus
  • Tenable (TENB) beats by $0.07, beats on revs; guides Q1 EPS below consensus, revs below consensus; guides FY25 EPS above consensus, revs above consensus
  • Terex (TEX) beats by $0.03, reports revs in-line; guides FY25 EPS below consensus, revs in-line
  • Thermon Group (THR) beats by $0.01, misses on revs; guides FY25 EPS in-line, revs in-line
  • Thomson Reuters (TRI) beats by $0.04, reports revs in-line; guides FY25 revs below consensus
  • TTM Tech (TTMI) beats by $0.13, beats on revs; guides Q1 EPS in-line, revs in-line
  • UDR (UDR) misses by $0.14, reports revs in-line; guides Q1 FFO in-line; guides FY25 FFO in-line
  • UGI Corp (UGI) beats by $0.28, misses on revs
  • Under Armour (UAA) beats by $0.04, beats on revs; Raises FY25 EPS and revenue guidance
  • Valvoline (VVV) beats by $0.02, beats on revs; reaffirms FY25 EPS guidance, revs guidance
  • Viking Therapeutics (VKTX) misses by $0.05
  • Warner Music Group (WMG) beats by $0.11, reports revs in-line
  • Weatherford (WFRD) beats by $0.15, misses on revs
  • WEX (WEX) beats by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY25 EPS below consensus, revs below consensus
  • Xcel Energy (XEL) misses by $0.06, misses on revs; reaffirms FY25 EPS guidance
  • XPO, Inc. (XPO) beats by $0.27, reports revs in-line
  • Yum! Brands (YUM) beats by $0.01, reports revs in-line
  • Yum China (YUMC) beats by $0.01, misses on revs; raises dividend by 50%
  • Zimmer Biomet (ZBH) beats by $0.01, reports revs in-line; guides FY25 EPS below consensus, revs below consensus
• General News
  • Treasury Secretary Scott Bessent says President Trump's focus will be to bring down 10 year Treasury yields, not the Fed funds rate, according to Bloomberg
  • USTR nominee Jamieson Greer will tell Senate that he wants US trade policy focused on rebuilding manufacturing, according to Reuters
  • Lawmakers want to ban Deepseek from government devices, according to the Wall Street Journal
  • Federal Reserve Board releases the hypothetical scenarios for its annual stress test
  • Bank of England voted by a majority of 7–2 to reduce Bank Rate by 0.25 percentage points, to 4.5%
  • President Trump says he will work with Congress to pass a bill that will modernize air traffic control systems, according to Reuters
  • OpenAI planning to build more Texas data centers, according to Bloomberg
  • Federal Reserve will not require banks to submit climate stress test data, according to Bloomberg
  • The Trump administration is preparing executive order to require health agencies to eliminate a certain percentage of employees, according to WSJ
  • President Trump will present tax plan to GOP lawmakers which includes extension of 2017 tax cuts; elimination of carried interest tax deduction and tax breaks for sports teams, according to Axios
  • Department of Government Efficiency says "An estimated $100 billion in estimated improper payments were made in the Medicare and Medicaid programs in Fiscal Year 2023. This is 43% of government-wide improper payments that year"
  • Federal judge banned Elon Musk from accessing Treasury payments data, according to FT
  • Amentum Holdings (AMTM) in collaboration with Chugach Government Solutions through the Nova Space Solutions Joint Venture, has been awarded NASA’s Consolidated Operations, Services, and Maintenance Infrastructure Contract at Stennis Space Center and Michoud Assembly Facility
  • Ares Management (ARES) announces that an Ares Credit fund served as the administrative and collateral agent on a financing package to support the recapitalization of Global Healthcare Exchange
  • Argan (AGX) enters into an engineering, procurement and construction services contract with Sandow Lakes Energy Company, of Texas, for a 1.2 GW ultra-efficient natural gas-fired plant in Lee County, Texas
  • Avista (AVA) filed multi-year electric and natural gas general rate cases with the Idaho Public Utilities Commission
  • B. Riley Financial (RILY): Oaktree Capital in discussions with RILY to become main lender, according to Bloomberg
  • Barfresh Food Group (BRFH) announced the completion of a $3 million financing round for common stock at $2.85/share, primarily supported by existing shareholders
  • Beacon (BECN) Board of Directors unanimously rejects QXO’s unsolicited tender offer
  • Beazer Homes (BZH) accelerates pace of share repurchases
  • Becton Dickinson (BDX) announces intent to separate Biosciences and Diagnostic solutions business to enhance focus, drive growth and unlock value
  • BitFuFu (FUFU) announces its unaudited production and mining operations updates for January 2025
  • Boeing (BA) executive believes India and South Asian airlines could add 2800 jets over the next two decades, according to Reuters
  • BorgWarner (BWA) is supporting SAIC Maxus by supplying its locally developed and manufactured transfer cases
  • BP Europa SE (BP) intends to market Ruhr Oel GmbH – BP Gelsenkirchen and associated refinery assets
  • Brinks (BCO) announces that its subsidiary, Brink’s Global Services USA, has reached agreements with the U.S. Department of Justice and U.S. Treasury’s Financial Crimes Enforcement Network to fully resolve previously disclosed investigations related to historical cross-border currency shipments and compliance with federal money-transmitting laws
  • Carrier (CARR) Introduces QuantumLeap, a comprehensive suite of innovative, energy-efficient solutions for data center thermal management
  • Cloudastructure (CSAI) announces plans to double its salesforce to meet the growing demand for advanced security solutions across various industries, from multifamily properties to enterprise-level commercial sites
  • CME Group (CME) increases quarterly cash dividend 9% to $1.25/share from $1.15/share
  • CME Group Inc. (CME) names slate of Director nominees
  • Con Ed (ED) proposed large New York rate increase, according to the New York Post
  • Coya Therapeutics (COYA) reports statistically significant improvement of inflammatory blood markers in patients with alzheimer’s disease following monthly dosing with low-dose IL-2, further supporting clinical development
  • Critical Metals Corp. (CRML) has entered into a securities purchase agreement for a private investment in public equity financing that is expected to result in gross proceeds of ~$22.5 mln to the Company, before deducting placement agent fees and other offering expenses
  • Denali Therapeutics (DNLI)  announces primary analysis and long-term follow-up of Phase 1/2 Study in Hunter Syndrome (MPS II) with Tividenofusp Alfa
  • Dine Brands (DIN) announces that Tony Moralejo will step down as Applebee’s President, effective March 4; Dine Brands CEO John Peyton to serve as Interim Applebee’s President
  • Dollar General (DG) Announces Changes to Leadership Team
  • Dr. Reddy's (RDY): Shanghai Henlius Biotech has entered into a license agreement with Dr. Reddy's Laboratories SA for the company's independently developed investigational daratumumab biosimilar HLX15, a recombinant anti-CD38 fully human monoclonal antibody injection
  • DRDGOLD (DRD) updates results for the six months ended 31 December 2024
  • DXP Enterprises (DXPE) has completed the acquisition of Arroyo Process Equipment
  • Edison International’s (EIX) Utility – Southern California Edison – submits reports on Eaton and Hurst wildfires to state regulators
  • Eldorado Gold (EGO) provides Skouries project update; 2025 detailed company production & cost guidance; updated three-year growth profile
  • Electronic Arts (EA) entered into an accelerated share repurchase agreement
  • Elevance Health (ELV): Verily aiming to sell insurance business to ELV, according to Business Insider
  • Embraer SA (ERJ) reports that its organization-wide backlog reached US$26.3 billion in 4Q24
  • Envista (NVST) authorizes a stock repurchase program, pursuant to which the Company may purchase up to $250 million of its outstanding common stock through December 31, 2026
  • Equity Lifestyle Properties (ELS) increases quarterly dividend to $0.515/share from $0.4775/share
  • Eton Pharmaceuticals (ETON) announces that the U.S. FDA has extended the Prescription Drug User Fee Act goal date for the New Drug Application for ET-400
  • Fannie Mae (FNMA): HUD Secretary Scott Turner believes privatization of Fannie and Freddie is a priority, according to the Wall Street Journal
  • FedEx (FDX): ABC News reporter Selina Wang says "President Trump is meeting with the leaders of U.S. Steel (X) and FedEx (FDX) today"
  • Franklin Resources (BEN) reports preliminary month-end assets under management of $1.58 trillion at January 31, 2025, compared to $1.58 trillion at December 31, 2024
  • Gaia (GAIA) has priced its underwritten public offering of 1,600,000 shares of its Class A common stock at a public offering price of $5.00/share
  • Globus Medical (GMED) enters agreement to acquire all shares of Nevro (NVRO) in an all-cash transaction for $5.85/share; total transaction valued at ~$250 mln
  • Gold Fields (GFI) reports production, all-in-costs and all-in-sustaining costs in line with its revised 2024 guidance
  • GoodRx (GDRX) announces that Christopher A. McGinnis has been appointed as Chief Financial Officer, effective February 4, 2025
  • Graham (GHM) announces key leadership changes as part of its established succession plan
  • Helix Energy (HLX): Helix Robotics Solutions receives significant trenching services contract
  • Honeywell (HON) announces intent to separate Automation and Aerospace segments, enabling the creation of three industry-leading companies
  • IDT Corp (IDT) enters into a preferred partner agreement with Natcom, Haiti’s leading telecommunications provider, to manage international long-distance traffic for Natcom’s network in Haiti
  • Inseego (INSG) announces that Phil Brace is stepping down from his role as Executive Chairman of the Company’s Board of Directors, effective immediately, in order to serve as CEO and board member of Skyworks Solutions (SWKS)
  • InterDigital (IDCC) increases quarterly cash dividend to $0.60/share from $0.45/share
  • Janus Henderson Group (JHG) announces that its pioneering AAA Collateralized Loan Obligation ETF, Janus Henderson AAA CLO ETF, has surpassed $20 bln in assets under management
  • Kura Oncology (KURA) and Kyowa Kirin announce positive topline results from KOMET-001, the Phase 2 registration-directed trial of ziftomenib, a highly selective, once-daily, oral investigational menin inhibitor, in patients with relapsed/refractory NPM1-mutant acute myeloid leukemia
  • LKQ (LKQ) enters into cooperation agreement with Ancora and Engine Capital
  • Mach Natural Resources (MNR) prices public offering of 12,903,226 common units representing limited partner interests in Mach at a price to the public of $15.50 per common unit
  • Matthews (MATW) provides an update on the ongoing business dispute involving Tesla
  • McKesson (MCK) and AmerisourceBergen get price fixing lawsuit dismissed, according to Bloomberg
  • Merck (MRK) announces the initiation of waveLINE-010, a pivotal Phase 3 clinical trial evaluating zilovertamab vedotin in combination with rituximab plus cyclophosphamide, doxorubicin and prednisone compared to rituximab plus cyclophosphamide, doxorubicin, vincristine and prednisone alone, for the treatment of patients with previously untreated diffuse large B-cell lymphoma
  • Merus (MRUS): New England Journal of Medicine publishes: efficacy of Zenocutuzumab in NRG1 fusion-positive cancer
  • Myriad Genetics (MYGN) and INTERLINK Care Management announce an agreement designed to enhance education and access to hereditary cancer testing for CancerCARE for Life members
  • NaaS Technology (NAAS) announces a substantial expansion in its charging interconnectivity business, adding approximately 6.4 million new registered users in 2024
  • Nexxen International (NEXN) reiterates the timeline and process for the Company's upcoming stock exchange and trading structure changes, as well as the implications for current holders of Nexxen's Nasdaq-listed ADRs, AIM-listed Depositary Interests representing the Company's Ordinary Shares, and certificated Ordinary Shares
  • Nissan (NSANY) looking for new partner after Honda (HMC) merger discussions end, according to Financial Times
  • Paysafe (PSFE) follow up to report that company is considering sale
  • Pegasystems (PEGA) announces under the Prime Contract awarded to Serco Plc it has been selected to form part of Team Serco to deliver the digital platform for the UK’s Armed Forces Recruiting Service
  • Pinduoduo (PDD): EU Commission requests information from Shein on illegal products and its recommender system
  • Pinduoduo (PDD): President Trump suspended trade exemption that allowed Shein and Temu to get around import duties, according to the Wall Street Journal
  • PotlatchDeltic (PCH) has entered into a mineral lease agreement with TETRA Brine Leaseco LLC
  • QXO (QXO) urges Beacon Roofing Supply to let shareholders decide on premium all cash offer of $124.25 per share
  • Recursion (RXRX) presents Phase 2 Data for REC-994 in CCM in late-breaking oral presentation at the international stroke conference
  • Revance Therapeutics (RVNC): Crown Laboratories announces the successful closing of its acquisition of Revance Therapeutics
  • Salesforce (CRM) appoints Robin Washington as President and COO, effective March 21; Brian Millham, President and COO, to retire after 25 years at Salesforce
  • Sangamo Therapeutics (SGMO) announces updated data from the Phase 1/2 STAAR study evaluating isaralgagene civaparvovec, or ST-920, a wholly owned gene therapy product candidate for the treatment of Fabry disease
  • Silicon Motion (SIMO) announces its PCIe Gen4 SSD controller has achieved ASPICE Capability Level 3 after assessment by UL Solutions (ULS), positioning Silicon Motion as the world's first SSD controller vendor to achieve this milestone
  • Skyworks (SWKS) appoints Philip Brace as President and CEO, effective Feb 17; Christine King appointed Chairman of the board
  • Sonos (SONO) announced a reorganization and reduction in force involving approximately 12% of its employees
  • Sphere Entertainment Co. (SPHR): Updated MSG Networks statement on Altice dispute
  • Sphere Entertainment Co. (SPHR): NY Attorney General James demands refunds for optimum customers facing MSG blackouts
  • Spirit Airlines (SAVEQ) decided to extend the Subscription Tender Deadline by seven (7) days, until 5pm EST on February 20, 2025
  • Starbucks (SBUX) limiting some mobile orders, according to Bloomberg
  • Toyota Motor (TM) is conducting noncompliance safety recall involving certain 25MY Toyota Camry and Lexus NX, and certain 24-25MY Lexus RX vehicles in North America; Approximately 41,000 vehicles are involved in the recall for the U.S.
  • Toyota Motor (TM) is conducting safety recall involving certain MY 2024-25 Tacoma 4-wheel drive vehicles equipped with 16-inch brakes and 17-inch Toyota wheels; Approximately 106,000 vehicles are involved in the recall for the U.S.
  • Tradeweb Markets (TW) reports total trading volume for the month of January 2025 of $54.6 trillion
  • Trump Media & Technology Group Corp. (DJT) announces that the company has applied to register trademarks for brand names connected to the launch of its customized exchange-traded funds ("ETFs") and customized separately managed accounts ("SMAs") beginning this year
  • UL Solutions Inc. (ULS) and Korea’s Ministry of Small and Medium-Sized Enterprises and Startups launch the next phase of their collaboration to support expanding industries and advance technological innovation
  • Unity Software (U) has been selected by Toyota Motor Corporation (TM) to develop the Graphical User Interface for Toyota’s next-generation in-car Human Machine Interface, elevating the in-car experience
  • UPS (UPS) raises quarterly dividend
  • Viasat (VSAT): A.P. Moller - Maersk and Inmarsat Maritime, a Viasat company, have signed an agreement to upgrade Inmarsat satellite communications services across Maersk’s global fleet of approximately 340 container ships
  • Warner Music Group (WMG) and Spotify (SPOT) announce a new, multi-year agreement, which covers both Recorded Music and Music Publishing
  • Wave Life Sciences (WVE) announces clinical trial application approval and initiation of the Phase 1 INLIGHT clinical trial of WVE-007 in obesity
  • WillScot Mobile Mini (WSC) could be hired by Immigration and Customs Enforcement for illegal immigrant housing, according to Semafor
  • Yum! Brands (YUM) increases quarterly dividend 6% to $0.71/share from $0.67/share

Ratings Changes (see Upgrades/Downgrades calendar for full list):

• Upgrades:
  • Array Tech (ARRY) upgraded to Neutral from Underperform at Exane BNP Paribas; tgt $9
  • CarMax (KMX) upgraded to Outperform from In-line at Evercore ISI; tgt raised to $110
• Downgrades:
  • Ares Capital (ARCC) downgraded to Mkt Perform from Outperform at Raymond James
  • CONMED (CNMD) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $70
  • FormFactor (FORM) downgraded to Neutral from Buy at B. Riley Securities; tgt lowered to $34
  • Frontier Communications Parent (FYBR) downgraded to Underperform from Mkt Perform at Raymond James
  • Hologic (HOLX) downgraded to Market Perform from Outperform at Leerink Partners; tgt lowered to $75
  • Match Group (MTCH) downgraded to In-line from Outperform at Evercore ISI
  • Sasol (SSL) downgraded to Neutral from Buy at BofA Securities
  • Skyworks (SWKS) downgraded to Neutral from Buy at B. Riley Securities; tgt lowered to $65
  • Skyworks (SWKS) downgraded to Hold from Buy at Stifel; tgt lowered to $62
  • Skyworks (SWKS) downgraded to Neutral from Outperform at Mizuho; tgt lowered to $62
  • Symbotic (SYM) downgraded to Mkt Perform from Outperform at Raymond James
  • The Cigna Group (CI) downgraded to Mkt Perform from Outperform at Bernstein; tgt $323
  • Triumph Group (TGI) downgraded to Equal Weight from Overweight at Barclays; tgt $26
  • Voya Financial (VOYA) downgraded to Equal Weight from Overweight at Barclays
  • WaFd, Inc. (WAFD) downgraded to Neutral from Buy at DA Davidson; tgt lowered to $32
• Others:
  • AST SpaceMobile (ASTS) initiated with an Overweight at Cantor Fitzgerald; tgt $30
  • Bicara Therapeutics (BCAX) initiated with an Outperform at Wedbush; tgt $31
  • Ferrari (RACE) initiated with a Hold at Deutsche Bank
  • Hannon Armstrong Sust. Infr. (HASI) initiated with a Buy at Truist; tgt $40
  • Harrow (HROW) initiated with a Buy at H.C. Wainwright; tgt $57
  • Jamf Holding (JAMF) initiated with an Overweight at JP Morgan; tgt $20
  • Mersana Therapeutics (MRSN) initiated with an Outperform at William Blair
  • Portman Ridge Finance (PTMN) initiated with a Buy at Lucid Capital
  • Shore Bancshares (SHBI) initiated with an Overweight at Piper Sandler; tgt $20
  • Uranium Royalty (UROY) initiated with an Outperform at Raymond James

• Econ Data (Friday):
  • 8:30 ET: January Nonfarm Payrolls (Briefing.com consensus 155,000; prior 256,000), Nonfarm Private Payrolls (Briefing.com consensus 163,000; prior 223,000), Average Hourly Earnings (Briefing.com consensus 0.3%; prior 0.3%), Unemployment Rate (Briefing.com consensus 4.1%; prior 4.1%), and Average Workweek (Briefing.com consensus 34.3; prior 34.3)
  • 10:00 ET: Preliminary February University of Michigan Consumer Sentiment (Briefing.com consensus 71.3; prior 71.1) and December Wholesale Inventories (Briefing.com consensus -0.5%; prior -0.2%)
  • 15:00 ET: December Consumer Credit (Briefing.com consensus $13.4 bln; prior -$7.5 bln)
• Earnings:
  • Monday (Feb 3)
    • Pre-Market: IDXX NSSC SAIA TWST TSN
    • After-Hours: ACM BRBR CBT CSWC CLX EQR EG FN DOC JJSF KFRC KD MTG NJR NXPI PLTR RMBS TEM SNCY WWD
  • Tuesday (Feb 4)
    • Pre-Market: AMCR AME APO ARMK ADM ATI ATKR BALL BERY CNC CNH CMI ENR EPD EL FOXA IT GPK HLNE HUBB INGR INMD J KKR LANC MPC MRK MPLX MSGS OCSL PYPL PNR PEP PFE PJT PINC REGN SLAB SPOT TDG UBS WEC WTW XYL
    • After-Hours: EGHT ATEN AMD ALGT GOOG DOX AFG AMGN APAM AZPN ATO AZEK CSL CMG CRUS COLM DEI DXC EA ENVA ENPH ESS FICO FMC GBDC HRB THG ICHR IEX INTA JKHY JNPR KLIC LUMN MTCH MAT MRCY MOD MDLZ MWA NOV OI OMC OSCR PRU SPG SKY SNAP UNM VRNS VLTO VOYA WU ZWS
  • Wednesday (Feb 5)
    • Pre-Market: ARCC ARES AZTA TECH BSX BG CPRI CDW COR CRTO DAY EMR EVR FSV FI GSK GFF HOG ITW JCI KMT NYT ODFL PFGC REYN RXO SR SARO SWK TROW TKR UBER VSH DIS YUM
      
    • After-Hours: AFL ALGN ALL AOSL ARM ASGN AVB BKH BV CENT CTSH COHR CNMD CPAY CTVA CCK CSGS DLX DHT DGII APPS ENS NVST EQH FR F FORM GL HI HP HOLX HMN PI KMPR RAMP MCK MET MSTR MAA MC MOH MUSA MKL NTGR NWSA ORLY OHI PYCR PTC PTEN QGEN RDN RYN RRX REXR SAFE SIMO SITM SWKS STE STC SU SYM TENB TTMI UDR UGI VKTX WEX WFRD
  • Thursday (Feb 6)
    • Pre-Market: WMS AGCO APD AB APTV MT ARW AZN BCE BDX BDC BWA BMY GOOS CLFD CMS COP DAR LLY EMBC ENTG EFX GTES HAE HSY HLT HON HII NSIT IDCC IQV ITT K KVUE LH LADR LNC LIN MTSI MKTX MCFT MMS MDU NVT OMCL OTEX PATK BTU PTON PM PBH RL RITM RBLX SNA SPB TPR THR TRI TW UAA VVV WMG XEL XPO YUMC ZBH
    • After-Hours: AFRM AMZN ATR BILL BYD CPT NET CNO CDP CUZ DOCS ELF EGP EHC ESE EXPE EXPO FTNT FBIN G GPRO HUBG ILMN LESL LITE MTD MCHP MTX MHK MPWR NBIX NMIH ONTO PCTY PECO PINS POST POWL POWI PFG PRO QLYS QNST REG RGA SKX SONO SSNC STEP SYNA TTWO VREX VRSN VSAT VCTR WERN
  • Friday (Feb 7)
    • Pre-Market: AVTR CBOE ROAD FLO FTV ULCC GPRE KIM NWL PWP PAA PRLB
    • After-Hours: None
General Motors: 5,000 members at GM's Arlington, TX assembly plant join UAW strike