After Hours Report

Updated: 13-Jan-26 17:14 ET
Glaukos under pressure following guidance; Huntington Ingalls higher on SHIELD contract

The S&P 500 (-0.2%), Nasdaq Composite (-0.1%), and DJIA (-0.8%) drifted modestly lower from yesterday's record highs after a busy morning of economic data and earnings reports failed to provide a strong enough catalyst for further growth. 

Investors eagerly awaited this morning's December CPI (0.3%; Briefing.com consensus: 0.3%) and Core CPI (0.2%; Briefing.com consensus: 0.3%) readings. While the initial reaction to the data gave equity futures a modest lift, with the core figure coming in slightly better than expected, the data did not change the market's expectations for Fed easing in 2026 and failed to materialize into a catalyst throughout the session. Expectations for the next rate cut remain pushed out to June, according to the CME FedWatch Tool.

In other pre-market developments, JPMorgan Chase (JPM 310.78, -13.71, -4.23%) posted a mixed earnings report, in which the company missed on GAAP EPS, although adjusted EPS came in better than expected, while also missing revenue expectations. The report set up a tough session for other banking names such as Citigroup (C 116.28, -1.42, -1.21%), Wells Fargo (WFC 93.48, -1.48, -1.56%), and Bank of America (BAC 54.48, -0.71, -1.29%), which report earnings tomorrow before the open.  

Additionally, the financials sector (-1.8%) faced a continuation of yesterday's pressure in credit card names such as Visa (V 328.05, -15.15, -4.41%) and Mastercard (MA 544.79, -21.49, -3.79%) after President Trump called for a one-year 10% interest rate cap on credit cards. 

The consumer discretionary sector (-0.5%) closed with the next widest loss, as weak leadership from Amazon (AMZN 242.60, -3.87, -1.57%) and Tesla (TSLA 447.09, -1.87, -0.42%) masked gains in over half of the sector's components. 

The mega-caps saw some bumpy action today but finished mostly lower, with the Vanguard Mega Cap Growth ETF (-0.4%) finishing a touch off of session lows despite briefly entering positive territory around midday. 

Microsoft (MSFT 470.67, -6.51, -1.36%) was another mega-cap laggard, which contributed to weakness in the top-weighted information technology sector (-0.1%). The sector also had a midday stint in positive territory amid another strong day for chipmakers, which briefly pushed the major averages above their flatlines. The PHLX Semiconductor Index (+1.0%) finished with a respectable gain, though well off of session highs. Advanced Micro Devices (AMD 220.97, +13.28, +6.39%) and Intel (INTC 47.29, +3.23, +7.33%) outperformed after KeyBanc Capital Markets upgraded both stocks to Overweight from Sector Weight.

Elsewhere, the health care sector (-0.4%) saw a continuation of yesterday's weakness despite Moderna (MRNA 39.60, +5.76, +17.02%) finishing as the top-performing S&P 500 name after CEO Stephane Bancel said the company projects 2025 sales to come in above the midpoint of early guidance. 

Meanwhile, the other defensive sectors, the consumer staples (+1.1%) and utilities (+0.6%) sectors, notched solid gains amid the mega-cap weakness. Walmart (WMT 120.36, +2.39, +2.03%) posted another day of solid leadership for the consumer staples sector, widening its week-to-date gain to 5.1%.

The energy sector (+1.5%) finished with the widest gain, supported by crude oil futures settling today's session $1.62 higher (+2.7%) at $61.17 per barrel. The rising price of oil is largely attributed to geopolitical tensions in Iran, with President Trump announcing via Truth Social that he has cancelled all meetings with Iranian officials while urging protesters to "take over your institutions."  The New York Times also reports that the president was presented with options to attack the country. 

The industrials sector (+0.5%) also finished higher despite a post-earnings retreat from Delta Air Lines (DAL 69.34, -1.69, -2.38%), while the real estate (+0.8%), materials (+0.3%), and communication services (+0.1%) sectors round out the seven advancing S&P 500 sectors.

Outside of the S&P 500, the Russell 2000 (-0.1%) finished with a slight loss, while the S&P Mid Cap 400 (+0.2%) outperformed. 

Ultimately stocks took a slight step back today as this morning's developments failed to deliver upside surprises.  Tomorrow's session carries many of the same potential catalysts, as investors brace for the November PPI report (Briefing.com consensus 0.2%) and additional earnings from major banks.

U.S. Treasuries finished Tuesday with gains across the curve with some assistance from today's $22 billion 30-year bond reopening, which made for a strong finish to this week's good note and bond auction slate. The 2-year note yield settled down two basis points to 3.53%, and the 10-year note yield settled down two basis points to 4.17%. 

  • Russell 2000: +6.1% YTD
  • S&P Mid Cap 400: +5.1% YTD
  • DJIA: +2.4% YTD
  • Nasdaq Composite: +2.0% YTD
  • S&P 500: +1.7% YTD

Reviewing today's data:

  • December NFIB Small Business Optimism 99.5; Prior 99.0
  • December CPI 0.3% (Briefing.com consensus 0.3%); Prior 0.2%, December Core CPI 0.2% (Briefing.com consensus 0.3%); Prior 0.2%
    • The key takeaway from the report is that core CPI was a touch cooler than expected, which prevented the year-over-year rate from rising. While this is a small victory, it is a welcome sight for a market that hopes to see some more future disinflation that would encourage the Fed to keep cutting rates.
  • October New Home Sales 737K; Prior 738K
    • The key takeaway from the report is that the South region—the nation's largest housing sector—was the sole source of strength in October. Home sales declined in all other regions, with higher home prices, on average, acting as a headwind.
  • September New Home Sales 738K (Briefing.com consensus 710K); Prior was revised to 711K from 800K
  • December Treasury Budget -$145 bln vs. -$233.0 bln Briefing.com consensus; prior -$173.0 bln

Overseas:

  • Europe: DAX flat, FTSE flat, CAC -0.1%
  • Asia: Nikkei +3.1%, Hang Seng +0.9%, Shanghai -0.6%

Commodities:

  • Crude Oil +1.62 @ 61.17
  • Nat Gas unch @ 3.41
  • Gold -15.00 @ 4600.30
  • Silver +1.30 @ 86.37
  • Copper unch @ 6.02

After-Hours Spotlight:

  • Array Digital Infrastructure (AD) announces the successful closing of the previously announced agreement with AT&T (T) to sell a portion of the Company's retained spectrum licenses for total consideration of $1.018 billion...AD +4.2%
  • Glaukos (GKOS) guides Q4 revenue above consensus; reaffirms FY26 revenue guidance...GKOS -12.3%
  • Hallador Energy (HNRG) announces proposed public offering of $50 million of shares of common stock...HNRG -5.5%
  • Huntington Ingalls (HII) awarded Missile Defense Agency's SHIELD contract with a ceiling of $151 bln...HII +2.6%
  • Park Aerospace Corp. (PKE) Reports Third Quarter Results...PKE +4.6%
  • Phoenix Education Partners (PXED) beats by $0.14, beats on revs; guides FY26 revs in-line...PXED +0.9%
  • Rapid Micro Biosystems (RPID) guides Q4 revenue slightly above consensus...RPID +11.5%
  • TG Therapeutics (TGTX) issues upside FY25 revenue guidance, in-line FY26 revenue guidance...TGTX +7.6%

Fair Value for Wednesday, January 14:

  • S&P 500: 7,001
  • Nasdaq 100: 25,902
  • DJIA: 49,400
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):
    • Amneal Pharmaceuticals (AMRX) sees FY25 EPS and revs in line
    • Astrana Health (ASTH) provided investor updates in presentation; reaffirmed 2025 guidance for $3.10-3.18 bln revs vs $3.16 bln estimate, adj EBITDA $200-210 mln
    • Bausch Health (BHC) discloses that at the JPM Conference, it expects to reaffirm FY25 guidance at the higher end of the range for Bausch Health excluding Bausch + Lomb Corporation
    • BioMarin Pharmaceutical (BMRN) provided guidance at J.P. Morgan Healthcare Conference
    • Bitdeer (BTDR) announces December 2025 production and operations update
    • BNY Mellon (BK) beats by $0.17, reports revs in-line
    • BRC Inc. (BRCC) reaffirms FY25 revs guidance
    • Cardinal Health (CAH) raises FY26 EPS guidance
    • Chipotle Mexican Grill (CMG) reaffirms FY25 guidance
    • Chunghwa Telecom (CHT) reported December revenues
    • Concentrix (CNXC) beats by $0.05, reports revs in-line; guides Q1 EPS below single estimate; guides FY26 EPS below consensus, revs in-line
    • Delta Air Lines (DAL) beats by $0.02, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY26 EPS in-line
    • Diamondback Energy (FANG) provides Q4 operating metrics
    • GlaxoSmithKline (GSK) raises FY25 outlook
    • Health Catalyst (HCAT) issues FY25 revenue above consensus
    • JPMorgan Chase (JPM) misses by $0.22 on GAAP, reports revs in-line
    • National Vision (EYE) reaffirms FY25 guidance ahead of participation at the ICR Conference
    • NETSTREIT (NTST) reaffirms FY25 AFFO guidance, issues upside FY26 AFFO guidance
    • NeuroPace (NPCE) guides Q4 revs above consensus; guides Q1 revs slightly below consensus; guides FY26 revs in-line
    • nLIGHT (LASR) raises Q4 revs above consensus
    • Option Care Health (OPCH) guides mid-point of Q4 EPS and revenue guidance above consensus; guides FY26 EPS in-line, revs below consensus; increases share repurchase authorization to $1 bln
    • Quest Diagnostics (DGX) provided investor updates in presentation - long-term outlook includes revs 4-5% CAGR (includes 1-2% from acquisitions), op margins +75-150 bps by end of 2027, adj EPS 7-9% CAGR
    • Revvity (RVTY) guides Q4 revs above consensus; guides FY25 adjusted EPS above consensus
    • Sight Sciences (SGHT) guides Q4 revenue slightly above consensus
    • Travere Therapeutics (TVTX) announces preliminary Q4 total U.S. net product sales of approximately $127 mln; Provides program updates
    • Treace Medical Concepts (TMCI) guides Q4 revenue slightly above consensus
    • uniQure (QURE) provides updates on 2026 milestones and cash position in slide presentation
    • Vale S.A. (VALE) provides investor updates in presentation
  • General News
    • Pentagon officials will present President Trump with a wider range of Iran attack options today than previously thought, according to NY Times
    • President Trump says the U.S. will impose a 25% tariff on countries doing business with Iran, according to CNBC
    • The D.C. U.S. Attorney's Office started an investigation into Fed last year and did not contact the White House before it issued subpoenas, according to NBC News
    • Japanese Prime Minister Sanae Takaichi considers a plan for a snap election, according to Bloomberg
    • G7 wants to reduce reliance on Chinese rare earths, according to Reuters
    • Senate Agriculture Chair John Boozman will delay committee markup on cryptocurrency legislation until late January, according to Politico
    • Two oil tankers were attacked near the Black Sea loading terminal, according to Bloomberg
    • New York will loosen environmental regulations to promote faster home building, according to WSJ
    • AbbVie (ABBV) reaches agreement with Trump administration on drug access and U.S. investment
    • AllianceBernstein (AB) announces that preliminary assets under management increased to $867 billion during December 2025 from $865 billion at the end of November
    • AMC Entertainment (AMC), Muvico, the other guarantors party thereto and GLAS Trust Company entered into a supplemental indenture to the Exchangeable Notes Indenture to effectuate the Amendments
    • argenx (ARGX) announces FDA acceptance of supplemental biologics license application with priority review for VYVGART in AChR-Ab seronegative gMG
    • Armata Pharmaceuticals (ARMP) announces end-of-phase 2 meeting with FDA and plans to advance AP-SA02 to a phase 3 superiority study in complicated bacteremiastaphylococcusaureus
    • Artisan Partners Asset Mgmt (APAM) reports that its preliminary assets under management as of December 31, 2025 totaled $179.9 billion
    • Becton Dickinson (BDX) announced a $110 mln investment to expand its production of prefillable syringes, helping accelerate biologic and GLP-1 drug delivery and supporting pharmaceutical reshoring in the U.S.
    • BlackRock (BLK) to eliminate hundreds of jobs, according to Bloomberg
    • Boeing (BA): Aviation Capital Group orders 50 Boeing 737 MAX jets
    • Boeing (BA) and Delta Air Lines (DAL) announce the U.S. carrier placed its first direct order for up to 60 787 Dreamliners to support long-haul international growth and renew the airline's widebody fleet
    • Brookfield Renewable Partners (BEP) announces at-the-market equity issuance program
    • CAVA Group (CAVA) announces the appointment of Doug Thompson as Chief Operations Officer, effective March 2
    • Cohen & Steers (CNS) reports preliminary assets under management of $90.5 billion as of December 31, 2025, a decrease of $1.4 billion from assets under management of $91.9 billion at November 30, 2025
    • Collective Mining (CNL) announced assay results from seventeen diamond drill holes at the San Antonio Project's Pound target
    • Crown Castle (CCI) announces that DISH Wireless has defaulted on its payment obligations to the company
    • Daiichi Sankyo (DSNKY): TROPION-Lung17 TROP2 Biomarker directed phase 3 trial of DATROWAY initiated in patients with previously treated advanced nonsquamous non-small cell lung cancer
    • Dakota Gold Corp. (DC) reports additional drill results from the Richmond Hill Oxide Heap Leach Gold Project
    • Diageo (DEO) mulling options for Chinese assets, according to Bloomberg
    • Domo (DOMO) and COO Mark Maughanentered into a separation and settlement agreement and mutual release on Jan 11
    • Elevra Lithium (ELVR) announces accelerated NAL expansion
    • Five9 (FIVN) announces an expanded partnership with Google Cloud (GOOG) and a new joint Enterprise CX AI solution that helps large enterprises connect with their customers so they can deliver seamless, intelligent, and AI-driven customer experiences
    • Fortress Biotech (FBIO) and its majority-owned subsidiary, Cyprium Therapeutics, announce that the U.S. Food and Drug Administration has approved ZYCUBO for the treatment of Menkes disease in pediatric patients
    • GDS Holdings (GDS) announces sale of $385 million DayOne shares
    • GE Aerospace (GE): Delta Air Lines (DAL) selects GE Aerospace GEnx engines to power new 787-10s
    • General Dynamics (GD) awarded $988 million contract to modernize Navy C5ISR systems
    • Google (GOOG, GOOGL) aiming to develop higher-end phones in Vietnam in 2026, according to Nikkei
    • HIVE Digital Technologies (HIVE) expands into Paraguay with purpose-built AI BUZZ Cloud platform
    • Integra Resources Corp. (ITRG) receives federal permitting schedule for DeLamar Heap Leach Project
    • Invesco (IVZ) reports preliminary month-end assets under management of $2.17 trillion, an increase of 0.7% versus previous month end
    • L3Harris (LHX) announced a first-of-its-kind proposed partnership with the Department of War to significantly increase capacity to build solid rocket motors that power vital U.S. and allied missiles
    • Main Street Capital (MAIN) announces exit of investments in an existing portfolio company
    • Meta Platforms (META): Brazil to investigate WhatsApp business tool, according to Reuters
    • Milestone Pharmaceuticals (MIST) closed the sale of the royalty interest under the Royalty Purchase Agreement and received the $75.0 mln purchase price from certain funds managed by RTW in exchange for the royalty interest
    • Nova Minerals Limited's (NVA) RPM Valley Drilling Confirms Continuity of Mineralized System with High-Grade Intercepts and Remains Wide Open in Multiple Directions
    • Ormat Tech (ORA) signs 20-year PPA with Switch for ~13MW of carbon-free geothermal capacity to power data centers
    • PAR Technology (PAR) and Papa Johns partner to power POS and OPS transformation across 3,200 U.S. restaurants
    • Personalis (PSNL) pioneers advancement in MRD testing with the launch of its Real-Time Variant Tracker
    • Redwire (RDW) sunsets Edge Autonomy brand; reorganizes into Space and Defense Tech segments
    • Regions Fincl (RF) CFO David Turner to retire; Anil Chadha to succeed
    • Rentokil (RTO) Initial appointed Michael Duffy as CEO and an Executive Director, effective 16 March 2026
    • Saks could file for bankruptcy today, according to NY Post
    • Sigma Lithium (SGML) announces the sale of 100,000 tonnes of high purity lithium fines
    • Sky Harbour (SKYH) announced first draw under J.P. Morgan Facility and updates leasing activity
    • SK Hynix aiming to construct a $13 billion chip packaging plant in South Korea, according to WSJ
    • Solid Biosciences (SLDB) receives FDA Orphan Drug destination for SGT-212 dual-route gene therapy for the treatment of Friedreich's ataxia
    • SunPower (SPWR) and White Lion Capital amended Common Stock Purchase Agreement
    • Taiwan Semiconductor (TSM) planning U.S. expansion in exchange for tariff reductions, according to WSJ
    • Thermo Fisher (TMO) announces a strategic collaboration with NVIDIA (NVDA) to power AI-based solutions and laboratory automation at scale
    • TryHard Holdings (THH) enters binding collaboration to establish global entertainment investment fund
    • UBS (UBS) CEO Sergio Ermotti will step down in April of next year, according to FT
    • US Foods (USFD) awarded a $544 mln Defense Logistics Agency contract
    • Vizsla Silver Corp. (VZLA) reports additional high grade intercepts at Copala with geotechnical drilling
    • Wayfair (W) partners with Google (GOOG/GOOGL) to advance AI-powered shopping for the home
    • XPeng (XPEV) accelerates supply chain localization with Europe and ASEAN teams
    • Zscaler (ZS) names Dr. Swamy Kocherlakota as EVP of Agentic AI Security Engineering
  • Upgrades:
    • Albemarle (ALB) upgraded to Buy from Hold at Deutsche Bank, tgt $185
    • Alliant Energy (LNT) upgraded to Outperform from Market Perform at BMO Capital, tgt $71
    • AMD (AMD) upgraded to Overweight from Sector Weight at KeyBanc, tgt $270
    • Aptiv (APTV) upgraded to Outperform from Equal-Weight at Fox Advisors
    • Arcus Biosciences (RCUS) upgraded to Buy from Neutral at Goldman
    • Banco Santander (SAN) upgraded to Buy from Hold at Kepler Cheuvreux
    • CenterPoint Energy (CNP) upgraded to Outperform from Market Perform at BMO Capital, tgt $42
    • Colgate-Palmolive (CL) upgraded to Equal Weight from Underweight at Wells Fargo
    • Constellium (CSTM) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $25
    • DiamondRock Hospitality (DRH) upgraded to Buy from Hold at Deutsche Bank, tgt $12
    • Enhabit (EHAB) upgraded to Buy from Hold at TD Cowen, tgt $12
    • Hub Group (HUBG) upgraded to Outperform from In Line at Evercore ISI
    • Intel (INTC) upgraded to Overweight from Sector Weight at KeyBanc, tgt $60
    • KLA Corp. (KLAC) upgraded to Buy from Hold at TD Cowen, tgt $1,800
    • Kennametal (KMT) upgraded to Buy from Hold at Jefferies, tgt $40
    • Kodiak Gas Services (KGS) upgraded to Overweight from Equal Weight at Barclays, tgt $42
    • Lithium Argentina (LAR) upgraded to Buy from Hold at Deutsche Bank, tgt $8.30
    • Lowe's (LOW) upgraded to Buy from Hold at Gordon Haskett, tgt $325
    • Mastercard (MA) upgraded to Buy from Neutral at Compass Point, tgt $735
    • Moody's (MCO) upgraded to Outperform from Neutral at Daiwa, tgt $590
    • Primoris Services (PRIM) upgraded to Buy from Neutral at Guggenheim, tgt $160
    • Sociedad Quimica y Minera (SQM) upgraded to Buy from Hold at Deutsche Bank, tgt $88
    • Thor Industries (THO) upgraded to Buy from Hold at Loop Capital, tgt $133
    • Vail Resorts (MTN) upgraded to Buy from Hold at Jefferies, tgt $165
    • Via Transportation (VIA) upgraded to Buy from Neutral at Goldman, tgt $44
    • Wyndham Hotels (WH) upgraded to Outperform from Neutral at Mizuho, tgt $97
  • Downgrades:
    • Adobe (ADBE) downgraded to Perform from Outperform at Oppenheimer
    • Alcoa (AA) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $71
    • Arm Holdings (ARM) downgraded to Neutral from Buy at BofA Securities, tgt $120
    • Arthur J. Gallagher (AJG) downgraded to Market Perform from Outperform at BMO Capital, tgt $275
    • AST SpaceMobile (ASTS) downgraded to Neutral from Buy at B. Riley, tgt $105
    • Baytex Energy (BTE) downgraded to Sector Perform from Outperform at RBC Capital, tgt C$5
    • Bentley Systems (BSY) downgraded to Neutral from Overweight at Piper Sandler, tgt $45
    • BMW (BMWYY) downgraded to Neutral from Buy at UBS
    • Charter Communications (CHTR) downgraded to Underweight from Equal Weight at Wells Fargo, tgt $180
    • Community Financial System (CBU) downgraded to Neutral from Buy at Janney
    • Continental AG (CTTAY) downgraded to Hold from Buy at Berenberg
    • CRH (CRH) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $138
    • FedEx (FDX) downgraded to Neutral from Outperform at BNP Paribas, tgt $280
    • Five Below (FIVE) downgraded to Hold from Buy at Jefferies, tgt $210
    • Installed Building Products (IBP) downgraded to Underweight from Neutral at JPMorgan, tgt $245
    • Kaiser Aluminum (KALU) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $120
    • Knife River (KNF) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $81
    • Live Nation (LYV) downgraded to Hold from Buy at Jefferies, tgt $155
    • MGM Resorts (MGM) downgraded to Hold from Buy at Truist, tgt $38
    • Natural Gas Services (NGS) downgraded to Outperform from Strong Buy at Raymond James, tgt $42
    • PayPal (PYPL) downgraded to Neutral from Outperform at Daiwa, tgt $61
    • Rapid7 (RPD) downgraded to Neutral from Buy at Citigroup, tgt $15
    • Saia (SAIA) downgraded to In Line from Outperform at Evercore ISI
    • Similarweb (SMWB) downgraded to Neutral from Buy at Goldman, tgt $7.50
    • Sun Country Airlines (SNCY) downgraded to Neutral from Overweight at JPMorgan, tgt $19
    • Synopsys (SNPS) downgraded to Neutral from Overweight at Piper Sandler, tgt $520
    • Udemy (UDMY) downgraded to Sector Weight from Overweight at KeyBanc
    • UPS (UPS) downgraded to Underperform from Neutral at BNP Paribas, tgt $85
    • Volvo (VLVLY) downgraded to Equal Weight from Overweight at Morgan Stanley
    • XPO (XPO) downgraded to In Line from Outperform at Evercore ISI, tgt $148
  • Others:
    • CCC Intelligent Solutions (CCC) assumed with a Neutral at Goldman, tgt $9.50
    • Dell Technologies (DELL) assumed with a Buy at Goldman, tgt $165
    • Enphase Energy (ENPH) resumed with a Market Perform at Raymond
    • First Solar (FSLR) initiated with a Market Perform at Raymond James
    • HP Enterprise (HPE) assumed with a Buy at Goldman, tgt $31
    • HP Inc. (HPQ) assumed with a Sell at Goldman, tgt $21
    • Ingram Micro (INGM) assumed with a Neutral at Goldman, tgt $24
    • Michelin (MGDDY) initiated with a Hold at Berenberg
    • NetApp (NTAP) initiated with a Buy at Goldman, tgt $128
    • OGE Energy (OGE) initiated with a Market Perform at BMO Capital, tgt $45
    • Penguin Solutions (PENG) assumed with a Buy at Goldman, tgt $25
    • Pirelli (PLLIF) initiated with a Buy at Berenberg
    • Prada (PRDSY) reinstated with an Overweight at Barclays
    • Reddit (RDDT) initiated with an Outperform at Evercore ISI, tgt $320
    • ServiceTitan (TTAN) assumed with a Neutral at Goldman, tgt $117
    • SolarEdge Technologies (SEDG) initiated with a Market Perform at Raymond James
    • Sunrun (RUN) initiated with a Market Perform at Raymond James
    • Super Micro Computer (SMCI) assumed with a Sell at Goldman, tgt $26
    • TD Synnex (SNX) initiated with a Buy at Goldman, tgt $180
    • Tyler Technologies (TYL) assumed with a Buy at Goldman, tgt $560
    • Veeva Systems (VEEV) assumed with a Sell at Goldman, tgt $215
    • Versant Media Group (VSNT) initiated with an Outperform at Wolfe Research, tgt $52
  • Econ Data (Wednesday):
    • 7:00 ET: Weekly MBA Mortgage Index (prior -9.7%)
    • 8:30 ET: November PPI (Briefing.com consensus 0.2%; prior 0.3%), Core PPI (Briefing.com consensus 0.2%; prior 0.1%), November Retail Sales (Briefing.com consensus 0.4%; prior 0.0%), Retail Sales ex-auto (Briefing.com consensus 0.3%; prior 0.4%), and Q3 Current Account Balance (prior -$251.3 bln)
    • 10:00 ET: December Existing Home Sales (Briefing.com consensus 4.15 mln; prior 4.13 mln) 
    • 10:30 ET: Weekly crude oil inventories (prior -3.83 mln)
  • Earnings:
    • Monday (Jan 12)
      • Pre-Market: None
      • After-Hours: None
      Tuesday (Jan 13)
      • Pre-Market: BK CNXC DAL JPM
      • After-Hours: PXED
    • Wednesday (Jan 14)
      • Pre-Market: BAC C UCB WFC
      • After-Hours: FUL HOMB
    • Thursday (Jan 15)
      • Pre-Market: BLK FHN GS IIIN TSM MS
      • After-Hours: JBHT
    • Friday (Jan 16)
      • Pre-Market: MTB PNC RF STT
      • After-Hours: BOKF
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