After Hours Report

The S&P 500 (flat), Nasdaq Composite (-0.2%), and DJIA (-0.1%) traded in a tight range near their flatlines for the bulk of the session after some notable swings early on. The modest weakness snaps a three-day streak of record highs for the DJIA. 

Stocks opened to solid gains following this morning's release of the January Employment Situation Report, which showed 130K payrolls added in January (Briefing.com consensus 68K). While the headline figure generated some positive buzz around the U.S. growth outlook, it also tempered the market's expectations for its next rate cut from the Fed. The probability of at least a 25-basis point rate cut at the June 17 FOMC meeting now stands at around 60%, down from just over 75% yesterday, according to the CME FedWatch tool. 

After retreating from the opening highs, stocks largely drifted sideways. True to 2026 form, strength in the broader market had a positive tilt, with select cyclical and defensive sectors posting solid gains, while mega-caps faced weakness. 

Amazon (AMZN 204.20, -2.70, -1.31%) and Alphabet (GOOG 311.24, -7.39, -2.32%) continued to face pressure after their earnings releases last week, weighing on the communication services (-1.3%) and consumer discretionary (-0.6%) sectors. 

The information technology sector (+0.3%) had the bumpiest morning but managed to close modestly higher as the broader AI infrastructure landscape had a solid day. The PHLX Semiconductor Index (+2.3%) was lifted by a sharp rebound in memory storage names such as Sandisk (SNDK 599.34, +57.70, +10.65%) and Micron (MU 410.34, +37.09, +9.94%) after some weakness yesterday. 

Software stocks, on the other hand, faced renewed pressure after some relief in the previous session. The iShares GS Software ETF (IGV) finished 2.6% lower, and Microsoft (MSFT 404.37, -8.90, -2.15%) was once again a mega-cap laggard. 

Earnings also played a role in today's action, with several sectors' best and worst performing components being results of this morning's releases.

Smurfit Westrock plc (SW 50.28, +4.53, +9.90%) contributed to a solid day for the materials sector (+1.3%), while Generac (GNRC 214.99, +32.69, +17.93%) was the best-performing S&P 500 name, helping the industrials sector (+0.5%) notch a gain. 

Meanwhile, Robinhood Markets (HOOD 78.07, -7.53, -8.80%) was one of the worst-performing S&P 500 names after missing revenue expectations. The financials sector (-1.5%) was a laggard as major banking and financial services stocks saw a continuation of yesterday's weakness. 

Elsewhere, the energy sector (+2.6%) finished as the best-performing S&P 500 sector as heightening geopolitical tensions between the U.S. and Iran contributed to crude oil futures settling today's session $0.59 higher (+0.9%) at $64.60 per barrel. 

The consumer staples sector (+1.5%) also logged a nice gain on broad strength throughout the sector as it rebounded from yesterday's weakness that followed a flat retail sales report for December. 

Outside of the S&P 500, the Russell 2000 (-0.4%) and S&P Mid Cap 400 (-0.2%) were never able to reclaim their opening gains. 

Overall, the session underscored the market's familiar push-and-pull between resilient breadth and ongoing mega-cap pressure, leaving the major averages little changed by the close. With rate-cut expectations recalibrating and earnings continuing to drive sharp single-stock moves, the market proceeded cautiously in anticipation of its next catalysts. 

U.S. Treasuries retreated on Wednesday with the short end leading the move, though the entire complex spent the day in a steady rally off lows that were reached in immediate reaction to a stellar jobs report for January (130,000; Briefing.com consensus 68,000). The 2-year note yield settled up six basis points to 3.51%, and the 10-year note yield settled up three basis points to 4.17%. 

• S&P Mid Cap 400: +8.4% YTD
• Russell 2000: +7.6% YTD
• DJIA: +4.3% YTD
• S&P 500: +1.4% YTD
• Nasdaq Composite: -0.8% YTD

Reviewing today's data:

• Weekly MBA Mortgage Applications Index -0.3%; Prior -8.9%
• January Nonfarm Payrolls 130K (Briefing.com consensus 68K); Prior was revised to 48K from 50K, January Nonfarm Private Payrolls 172K (Briefing.com consensus 60K); Prior was revised to 64K from 37K, January Unemployment Rate 4.3% (Briefing.com consensus 4.4%); Prior 4.4%, January Average Hourly Earnings 0.4% (Briefing.com consensus 0.3%); Prior was revised to 0.1% from 0.3%, January Average Workweek 34.3 (Briefing.com consensus 34.2); Prior 34.2
  • The key takeaway from the report is that it is a positive sign for the U.S. growth outlook, yet it may come with the cost of foregoing an additional rate cut by the Fed, at least in the near future.
• The Treasury's budget deficit was $94.6 billion in January (Briefing.com consensus: -$190.0B), which was much narrower than expected and a notable improvement from the same period a year ago when it was $128.6 billion. Receipts totaled $559.9 billion, while outlays summed to $654.6 billion.
  • The key takeaway from the report is that it shows the benefits of collecting customs duties as a means of reducing the deficit. At the same time, it also reflects the onerous interest costs stemming from the high amount of debt issuance needed to fund government operations. Weekly crude oil inventories increased by 8.53 million barrels after decreasing by 3.46 million barrels a week ago.

Overseas:

• Europe: DAX -0.4%, FTSE +1.1%, CAC -0.2%
• Asia: Nikkei market closed, Hang Seng +0.3%, Shanghai +0.1%

Commodities:

• Crude Oil +0.59 @ 64.60
• Nat Gas +0.04 @ 3.16
• Gold +70.70 @ 5098.20
• Silver +3.67 @ 83.82
• Copper +0.07 @ 5.97

After-Hours Spotlight:

• AppLovin (APP) beats by $0.29, beats on revs; guides Q1 revs above consensus...APP -7.1%
• Cisco (CSCO) beats by $0.02, beats on revs; guides Q3 EPS in-line, revs above consensus; raises FY26 guidance; raises dividend 2% to $0.42/share...CSCO -7.6%
• Cognex (CGNX) beats by $0.05, beats on revs; guides Q1 EPS above consensus, revs above consensus...CGNX +23.7%
• CoreCivic (CXW) beats by $0.07, beats on revs; guides FY26 FFO above two analyst estimate...CXW +2.7%
• Energy Vault (NRGV) sees Q4 revs above consensus...NRGV -15.7%
• Equinix (EQIX) misses by $0.14, misses on revs; guides Q1 revs above consensus; guides FY26 FFO above consensus, revs above consensus...EQIX +10.2%
• Fastly (FSLY) beats by $0.06, beats on revs; guides Q1 EPS above consensus, revs above consensus; guides FY26 EPS above consensus, revs above consensus...FSLY +31.6%
• HubSpot (HUBS) beats by $0.10, beats on revs; guides Q1 EPS above consensus, revs above consensus; guides FY26 EPS above consensus, revs above consensus; authorizes new $1 bln share repurchase program...HUBS +3.3%
• Inspire Medical Systems (INSP) beats by $0.97, beats on revs; guides FY26 EPS above consensus, revs in-line...INSP -6.8%
• McDonald's (MCD) beats by $0.07, beats on revs; global comps +5.7%; US comps +6.8%...MCD -0.3%
• McGraw Hill (MH) beats by $0.18, beats on revs; guides FY26 revs above consensus...MH +15.9%
• Neurocrine Biosciences (NBIX) reports Q4 (Dec) results, beats on revs...NBIX -3.4%
• Paycom Software (PAYC) reports EPS in-line, revs in-line; guides FY26 revs below consensus...PAYC -7.4%
• Rollins (ROL) misses by $0.02, misses on revs...ROL -13.8%
• Viking Therapeutics (VKTX) reports Q4 results; provides clinical update...VKTX +9.3%

Fair Value for Thursday, February 12:

• S&P 500: 6,960
• Nasdaq 100: 25,282
• DJIA: 50,195

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

• Earnings/Guidance (Full Earnings Calendar):
  • Acadia Realty Trust (AKR) beats by $0.03, beats on revs; guides FY26 FFO in-line
  • Advanced Energy (AEIS) beats by $0.16, beats on revs; guides Q1 EPS mostly above consensus, revs above consensus
  • Agree Realty (ADC) beats by $0.01, beats on revs; guides FY26 adjusted FFO mostly above consensus
  • American Intl (AIG) beats by $0.06, Total net investment income down 34%
  • Angi Inc. (ANGI) misses by $0.17, misses on revs
  • Assurant (AIZ) reports Q4 (Dec) results, beats on revs
  • Astera Labs (ALAB) beats by $0.06, beats on revs; guides Q1 EPS above consensus, revs above consensus; names new CFO
  • BlackLine (BL) beats by $0.04, reports revs in-line; guides Q1 EPS below consensus, revs in-line; guides FY26 EPS above consensus, revs above consensus
  • BorgWarner (BWA) beats by $0.16, beats on revs; guides FY26 EPS in-line, revs below consensus
  • Cellebrite DI (CLBT) beats by $0.04, beats on revs; guides Q1 revs above consensus; guides FY26 revs above consensus
  • Centrus Energy (LEU) misses by $0.62, reports revs in-line; guides FY26 revs below consensus
  • Cloudflare (NET) beats by $0.01, beats on revs; guides Q1 EPS below consensus, revs above consensus; guides FY26 EPS below consensus, revs above consensus
  • Criteo (CRTO) misses by $0.10, reports revs in-line; guides Q1 revs below consensus; increases its share repurchase program to $200 mln
  • Diodes (DIOD) beats by $0.06, beats on revs; guides Q1 revs above consensus
  • Douglas Emmett (DEI) reports FFO in-line, misses on revs; guides FY26 FFO in-line
  • Edwards Lifesciences (EW) misses by $0.04, beats on revs; guides Q1 EPS above consensus, revs in-line; guides FY26 EPS in-line, revs in-line
  • Exelixis (EXEL) beats by $0.11, reports revs in-line; guides FY26 revs in-line
  • FLEX LNG (FLNG) reports in-line results; beats on revs
  • Ford Motor (F) misses by $0.05, beats on revs; provides FY26 guidance
  • Freshworks (FRSH) beats by $0.03, beats on revs; guides Q1 EPS below consensus, revs above consensus; guides FY26 EPS below consensus, revs above consensus
  • Generac (GNRC) misses by $0.11, misses on revs
  • Gilead Sciences (GILD) beats by $0.05, beats on revs; guides FY26 EPS in-line; increases quarterly cash dividend 3.8% to $0.82/share from $0.79/share
  • GlobalFoundries (GFS) beats by $0.08, beats on revs; guides Q1 EPS in-line, revs in-line
  • GXO Logistics (GXO) beats by $0.04, reports revs in-line; guides FY26 EPS in-line
  • Healthcare Services Group (HCSG) beats by $0.22, reports revs in-line; accelerates buyback
  • Heineken (HEINY) reports FY25 results
  • Highwoods Prop (HIW) beats by $0.05, misses on revs; guides FY26 FFO in-line
  • Hilton (HLT) beats by $0.07, beats on revs; guides Q1 EPS above consensus; guides FY26 EPS below consensus
  • Hinge Health (HNGE) beats by $0.08, beats on revs; guides Q1 revs above consensus; guides FY26 revs above consensus
  • Humana (HUM) beats by $0.04, beats on revs; guides FY26 EPS below consensus
  • Insperity (NSP) misses by $0.13, reports revs in-line; guides Q1 EPS below consensus; guides FY26 EPS in-line
  • James Hardie (JHX) beats by $0.01, beats on revs
  • Klaviyo (KVYO) beats by $0.02, beats on revs; guides Q1 revs above consensus; guides FY26 revs above consensus
  • Kornit Digital (KRNT) beats by $0.06, beats on revs; guides Q1 revs in-line
  • Kraft Heinz (KHC) beats by $0.06, reports revs in-line; guides FY26 EPS below consensus; pauses work related to separation; to invest $600 mln in commercial levers
  • Lattice Semi (LSCC) reports EPS in-line, beats on revs; guides Q1 EPS above consensus, revs above consensus
  • Lithia Motors (LAD) misses by $1.37, reports revs in-line
  • Lyft (LYFT) reports Q4 results, misses on revs, Gross Bookings up 19%; Guides Q1 Gross Bookings in-line, adjusted EBITDA below consensus at midpoint of range, and announces new $1.0 bln share repurchase program
  • Martin Marietta (MLM) misses by $0.16, misses on revs; guides FY26 revs below consensus
  • MasterBrand (MBC) misses by $0.16, beats on revs; guides Q1 EPS below estimate
  • Mattel (MAT) misses by $0.15, misses on revs; guides FY26 EPS below consensus, revs in-line; to acquire full ownership of Mattel163 Mobile Games Studio; announces licensing deal wit Paramount for Teenage Mutant Ninja Turtles brand; announces $150 mln of strategic investments in 2026
  • Mirion Technologies (MIR) misses by $0.01, misses on revs; guides FY26 EPS below consensus
  • MNTN, Inc. (MNTN) beats by $0.19, beats on revs; guides Q1 revs below consensus; guides FY26 revs in-line
  • NetEase (NTES) misses by RMB3.22, misses on revs
  • Neuronetics (STIM) guides Q4 revenue above consensus
  • NiSource (NI) beats by $0.01; reaffirms FY26 EPS guidance
  • Northern Oil & Gas (NOG) provides fourth quarter update
  • O-I Glass (OI) beats by $0.01, misses on revs; guides FY26 EPS below consensus
  • Parsons (PSN) misses by $0.04, misses on revs; guides FY26 revs in-line
  • Pegasystems (PEGA) beats by $0.03, beats on revs; guides FY26 EPS above consensus, revs above consensus
  • Penske Auto (PAG) reports Q4 (Dec) results, beats on revs
  • Rambus (RMBS) reaffirmed previously announced Q1 guidance
  • Rapid7 (RPD) beats by $0.03, beats on revs; guides Q1 EPS, revs below consensus; guides FY26 EPS, revs below consensus
  • Red Rock Resorts (RRR) beats by $0.26, beats on revs
  • Robinhood Markets (HOOD) beats by $0.03, misses on revs
  • Ryder System (R) beats by $0.02, reports revs in-line; guides Q1 EPS below consensus; guides FY26 EPS below consensus, revs below consensus
  • Science Applications (SAIC) provides mixed outlook
  • SFL Corporation (SFL) misses by $0.06, beats on revs
  • SharkNinja (SN) beats by $0.13, reports revs in-line; guides FY26 EPS in-line, revs below consensus; Announces a share repurchase program of up to $750 mln
  • Shopify (SHOP) reports, beats on revs; authorizes new share buyback program up to $2 bln
  • SiteOne Landscape Supply (SITE) beats by $0.01, reports revs in-line
  • Smurfit Westrock plc (SW) misses by $0.16, reports revs in-line; Provides 2030 Financial Targets
  • Solstice Advance Materials (SOLS) reports Q4 (Dec) results, beats on revs; guides Q1 revs in-line; guides FY26 EPS below consensus, revs in-line
  • Suzano S.A. (SUZ) reports FY25 results
  • Taylor Morrison Home (TMHC) beats by $0.03, beats on revs; announces $1 bln share buyback authorization
  • Tenet Healthcare (THC) beats by $0.63, reports revs in-line; guides FY26 EPS in-line, revs in-line
  • Teradata (TDC) beats by $0.18, beats on revs; guides Q1 EPS above consensus, revs above consensus; guides FY26 EPS above consensus, revs above consensus
  • Terex (TEX) beats by $0.01, beats on revs; Issues FY26 guidance
  • T-Mobile US (TMUS) misses by $0.15, reports revs in-line
  • TotalEnergies SE (TTE) beats on top and bottom lines; provides outlook for 2026; raises dividend
  • Tower Semi (TSEM) beats by $0.02, reports revs in-line; guides Q1 revs in-line
  • Unity Software (U) beats by $0.03, beats on revs; guides Q1 revs below consensus
  • Upstart (UPST) reports Q4 (Dec) results, beats on revs; guides FY26 revs above consensus
  • Vertex (VERX) beats by $0.01, reports revs in-line; guides Q1 revs in-line; guides FY26 revs in-line
  • Vertiv (VRT) beats by $0.07, reports revs in-line; guides Q1 EPS above consensus, revs in-line; guides FY26 EPS above consensus, revs above consensus
  • Wabtec (WAB) beats by $0.02, beats on revs; guides FY26 EPS in-line, revs above consensus; increases buyback; increases dividend
  • Welltower (WELL) beats by $0.04, beats on revs; guides FY26 FFO above consensus
  • W.P. Carey (WPC) beats by $0.02, beats on revs; guides FY26 FFO above consensus
  • Zillow (ZG) misses by $0.01, reports revs in-line; guides Q1 revs above consensus
• General News
  • A House resolution to prohibit votes challenging President Trump's tariffs fails. Democrats will force votes on several bills to block tariffs, but these votes will be largely symbolic because there is not enough support to override a presidential veto, Politico
  • The Trump administration is considering seizing tankers from Iran to put pressure on the regime, according to WSJ
  • President Trump is considering exiting the USMCA trade agreement, according to Bloomberg
  • FAA halted flights from El Paso, TX airport for 10 days for security reasons, according to NBC News
  • The Trump administration will allow companies to provide supplies for Venezuela oil production, according to WSJ
  • President Trump will direct the Pentagon to purchase coal products, according to Bloomberg
  • Ukraine is planning a presidential election and referendum on a potential peace deal with Russia before May 15, according to FT
  • Fed expected to drop some demands on banks, according to Bloomberg
  • Pentagon preparing second aircraft carrier to go to the Middle East amid Iran tensions, according to WSJ
  • Aecom Tech (ACM) announces it will deliver detailed design services for the Sydney Metro West Line Wide Systems package in a joint venture with WSP, supporting John Holland, the project lead and contractor
  • Aehr Test Systems (AEHR) announced a key strategic win with an initial production purchase order from its lead production customer for package-level burn-in of the customer's next-generation, significantly higher-power AI processor used in data center training and inference applications
  • Agilent (A) receives FDA approval for PD-L1 IHC 22C3 pharmDx in epithelial ovarian, fallopian tube, or primary peritoneal carcinoma
  • Amazon (AMZN) One Medical launches Health Insights, a new beta feature that helps eligible members gain deeper understanding of their routine lab results through personalized analysis and evidence-based recommendations
  • Amazon (AMZN) announces that it will expand its Same-Day prescription delivery service to nearly 4,500 U.S. cities and towns by the end of 2026—adding nearly 2,000 new communities over the course of the year
  • Apple (AAPL) planned Siri upgrade hit snags in the testing process, according to Bloomberg
  • Applied Materials (AMAT) introduces new deposition, etch and materials modification systems that boost the performance of leading-edge logic chips at 2nm and beyond
  • Astera Labs (ALAB) discloses it entered a transaction agreement with Amazon (AMZN) under which Amazon may acquire up to 3,262,299 shares of ALAB common stock
  • Aurora Mobile (JG) announces a strategic partnership with affiliate entities of PAG Pegasus Fund LP, am Asia-focused investment fund
  • Avadel Pharmaceuticals (AVDL) announces that the Irish High Court has sanctioned, without modification, the scheme of arrangement between Avadel and its shareholders under Chapter 1 of Part 9 of the Irish Companies Act 2014 pursuant to which Alkermes plc, a public limited company incorporated in Ireland will acquire the entire issued and to be issued ordinary share capital of Avadel
  • Baker Hughes (BKR) announces an award from Twenty20 Energy for 10 Frame 5 gas turbines and associated generator technology supporting up to 250 MW of power generation capacity
  • Baker Hughes (BKR) explores sale of Waygate Technologies in potential $1.5 bln divestment, according to Bloomberg
  • Bombardier (BDRBF) secures up to $4.7 bln Challenger 3500 order from Vista
  • Bytedance to develop artificial intelligence chips, according to Reuters
  • Camtek (CAMT) announces that it has received a $25 million Hawk systems order from a tier-1 IDM for AI applications
  • Centrus Energy (LEU) announces that its subsidiary, American Centrifuge Operating, LLC, has agreed to a strategic collaboration with Fluor (FLR) to serve as its Engineering, Procurement and Construction contractor as Centrus proceeds with its previously announced multi-billion-dollar expansion of its uranium enrichment capacity in Piketon, Ohio
  • CME Group (CME) exploring launch of first-ever rare earth futures contract, according to Reuters
  • Dana Inc (DAN) increases quarterly dividend 20% to $0.12/share from $0.10/share; increased and extended the share repurchase program
  • Deluxe (DLX) entered into an asset purchase agreement with PFG entities for Safeguard brands
  • Designer Brands (DBI) announces that Sheamus Toal will join the company as Executive Vice President, Chief Financial Officer and Principal Financial Officer, effective February 16, 2026
  • Duos Technologies Group (DUOT)  files $250 mln mixed securities shelf offering
  • Eni S.p.A. (E) awarded the offshore exploration License O1 following the Libyan NOC’s competitive 2025 open licensing round
  • Fermi America (FRMI) in partnership with the Texas Tech University System secures a $500 million financing commitment from MUFG Bank (MUFG)
  • Five Point Holdings (FPH) announced the formation of a new residential land banking investment partnership executed by its Hearthstone Residential Holdings platform with funds managed by Blue Owl Capital (OWL)
  • Ford Motor (F) files mixed securities shelf offering for an undisclosed amount
  • Insperity (NSP) announced an internal reorganization; expected to result in the elimination of approximately 4% of non-sales positions
  • Kodiak AI (KDK) announces that the U.S. Marine Corps has awarded the company a contract to help create autonomous military ground vehicles
  • Koppers Holdings (KOP) increases quarterly cash dividend to $0.09/share from $0.08/share
  • Labcorp Holdings Inc. (LH) launches first FDA-cleared blood test for alzheimer's disease assessment in primary care
  • Madrigal Pharmaceuticals (MDGL) licenses six siRNA assets to expand MASH pipeline
  • Mattel (MAT) announces an agreement with its joint venture partner, NetEase, a leading internet and game services provider, to acquire full ownership of the Mattel163 mobile games stud
  • Merck (MRK) announces the U.S. FDA approved KEYTRUDA and KEYTRUDA QLEX plus paclitaxel, with or without bevacizumab, for the treatment of adults with PD-L1+, as determined by an FDA-authorized test, platinum-resistant epithelial ovarian, fallopian tube or primary peritoneal carcinoma, who have received one or two prior systemic treatment regimens
  • Meta Platforms (META) breaks ground on a state-of-the-art 1GW campus in Lebanon, Indianacenter in Lebanon, Indiana; This facility represents an investment of over $10 billion in data center infrastructure and the surrounding community
  • Meta Platforms (META) faces scrutiny after auditor flags risky accounting on $27 bln data center JV, according to WSJ
  • Moderna (MRNA) receives FDA refusal-to-file for influenza vaccine
  • Nu (NU) Mexico’s total investments expected to reach $4.2 billion by 2030 as banking launch approaches
  • NVR (NVR) announces that its Board of Directors has authorized the repurchase of up to an aggregate of $750 mln of its outstanding common stock
  • Palantir Technologies (PLTR) announces the extension of its collaboration with Airbus (EADSY) through a multi-year agreement, confirming a relationship that has driven innovation across the aerospace industry for over a decade
  • Paramount Skydance (PSKY) and Mattel (MAT) announce a global, multiyear licensing agreement to develop and market a wide range of products for the iconic Teenage Mutant Ninja Turtles brand
  • Phillips 66 (PSX) increases quarterly dividend to $1.27/share from $1.20/share
  • Precision BioSciences (DTIL) announces that the Company received a Study May Proceed notification from the U.S. Food and Drug Administration
  • Robinhood Markets (HOOD) names Shiv Verma as new CFO
  • Royal Caribbean (RCL) increases quarterly cash dividend 50% to $1.50/share from $1.00/share
  • Ryanair Hldgs (RYAAY): eDreams ODIGEO welcomes a decisive ruling by the Commercial Court No. 12 of Barcelona, which has warned Ryanair that it will incur criminal liability if it persists in its continued disobedience of court mandates secured by eDreams ODIGEO
  • Society Pass (SOPA) and its majority owned subsidiary, NusaTrip Incorporated (NUTR), announce the expansion of its hotel distribution network, further strengthening its presence in the tourism market through its collaboration with Hong Kong, China-based Qi You Ji Network Technology Co. Limited
  • Solstice Advance Materials (SOLS) initiates quarterly dividend
  • Solstice Advance Materials (SOLS) Announces expansion of uranium conversion production to support strong nuclear industry customer demand
  • Southwest Air (LUV) announces that Directors David Cush and Gregg Saretsky have informed the Company that they are stepping off the Board effective Feb. 23, 2026
  • SuperX AI Technology Limited (SUPX) announces that its wholly-owned subsidiary, SuperX AI Solution Limited, has entered into a joint venture agreement with Tianfu International Investment, a wholly-owned subsidiary of Suzhou TFC Optical Communication, and certain affiliates, related parties, and designees
  • Suzano S.A. (SUZ) will maintain, throughout the entire year of 2026, a market pulp production volume approximately 3.5% lower than its nominal annual capacity
  • Tempus AI (TEM): Sam.Gov announced $35 mln award before the open
  • Teradata (TDC) advances Board refreshment program
  • Tesla (TSLA) and Tencent Cloud (TCEHY) to partner to offer additional in-car features, according to Economic Times
  • T-Mobile US (TMUS) unveiled the world’s first real-time agentic AI platform built directly into a wireless network, marking a fundamental shift in how wireless providers deliver innovation
  • Transocean (RIG) announces contract fixtures for two of its harsh environment semisubmersibles in Norway. In aggregate, the fixtures represent approximately $184 mln in firm contract backlog
  • Triple Flag Precious Metals Corp. (TFPM) and Evolution to unlock the gold-dominant E44 deposit at Northparkes, underpinned by guaranteed gold and silver deliveries
  • Unity Software (U) announces the appointment of gaming and technology veteran Bernard Kim as an independent director to its Board of Directors, effective May 1, 2026
  • Upstart (UPST) announces that Co-founder and Chief Technology Officer Paul Gu will become Upstart’s Chief Executive Officer on May 1, 2026
  • Upstream Bio (UPB) announces positive top-line results from the Phase 2 VALIANT clinical trial evaluating the safety and efficacy of verekitug in adults with severe asthma
  • V2X (VVX) awarded $100 mln in national security contracts
  • Vishay Intertechnology (VSH) standard thick film chip resistors combine sulfur resistance with long term stability
  • World Acceptance (WRLD)  discloses a share repurchase program authorizing the company to repurchase up to $50.0 million of its outstanding common stock

• Upgrades:
  • ArcelorMittal (MT) upgraded to Buy from Hold at Jefferies
  • BETA Technologies (BETA) upgraded to Buy from Hold at Jefferies; tgt $30
  • Cloudflare (NET) upgraded to Outperform from Neutral at Robert W. Baird, tgt $260
  • Coca-Cola Femsa (KOF) upgraded to Outperform from Neutral at Bradesco BBI, tgt $124
  • easyJet (ESYJY) upgraded to Buy from Neutral at Citigroup
  • European Wax Center (EWCZ) upgraded to Equal Weight from Underweight at Morgan Stanley, tgt $5.80
  • Kingsoft Cloud (KC) upgraded to Buy from Neutral at Goldman, tgt $15.60
  • Monro (MNRO) upgraded to Outperform from Perform at Oppenheimer, tgt $40
  • Porch Group (PRCH) upgraded to Outperform from Market Perform at Keefe Bruyette, tgt $10.50
  • Radian Group (RDN) upgraded to Outperform from Market Perform at Keefe Bruyette, tgt $42
  • Tyler Tech (TYL) upgraded to Buy from Neutral at DA Davidson; tgt $460
• Downgrades:
  • AtriCure (ATRC) downgraded to Neutral from Overweight at JPMorgan, tgt $36
  • Borr Drilling (BORR) downgraded to Hold from Buy at Fearnley, tgt $5.60
  • BP (BP) downgraded to Sell from Buy at Melius; tgt $31
  • Mattel (MAT) downgraded to Neutral from Buy at Citigroup, tgt $16
  • Mattel (MAT) downgraded to Underweight from Neutral at JPMorgan, tgt $14
  • Millicom (TIGO) downgraded to Underperform from Sector Perform at Scotiabank, tgt $43
  • Noble Corp. (NE) downgraded to Hold from Buy at Fearnley, tgt $38
  • Norwegian Cruise Line (NCLH) downgraded to Equal Weight from Overweight at Barclays, tgt $23
  • NuScale Power (SMR) downgraded to Hold from Buy at TD Cowen
  • Qualcomm (QCOM) downgraded to Neutral from Outperform at Daiwa, tgt $140
  • Rapid7 (RPD) downgraded to Hold from Buy at Canaccord, tgt $10
  • Saia (SAIA) downgraded to Neutral from Positive at Susquehanna; tgt $425
  • Seadrill (SDRL) downgraded to Hold from Buy at Fearnley, tgt $43
  • Vizsla Silver (VZLA) downgraded to Sector Perform from Outperform at National Bank
  • XPO, Inc. (XPO) downgraded to Neutral from Positive at Susquehanna; tgt $210
• Others:
  • BridgeBio Oncology (BBOT) initiated with a Buy at Stifel, tgt $23
  • Energy Fuels (UUUU) initiated with a Buy at Goldman, tgt $30
  • Entrada Therapeutics (TRDA) initiated with a Buy at Guggenheim, tgt $20
  • Jefferson Capital (JCAP) initiated with a Buy at Texas Capital, tgt $28
  • McGrath RentCorp (MGRC) initiated with an Overweight at Barclays, tgt $140
  • Olema Oncology (OLMA) initiated with a Buy at Stifel, tgt $48
  • Prenetics (PRE) initiated with a Buy at Roth Capital, tgt $36
  • Samsara (IOT) initiated with a Buy at Goldman, tgt $36

• Econ Data (Thursday):
  • 8:30 ET: Weekly Initial Claims (Briefing.com consensus 230,000; prior 231,000), and Continuing Claims (prior 1.844 mln)
  • 10:00 ET: January Existing Home Sales (Briefing.com consensus 4.21 mln; prior 4.35 mln)
  • 10:30 ET: Weekly natural gas inventories (prior -360 bcf)

• Earnings:
  • Monday (Feb 9)
    • Pre-Market: APO BDX CLF CNA CURB DT EPC KD MNDY PGY SBH WAT
    • After-Hours: ACM AMKR AMTM ACGL BRX NTB CINF CMCO CRBG GT ICHR KRC MTW MEDP ON PFG SSD UDR UPWK VNO GTM
      
    Tuesday (Feb 10)
    • Pre-Market: ARMK AZN AXTA BLKB BP KO DDOG DUK DD ECL ENTG RACE FISV HOG HAS INCY INMD MAR MAS OSCR DGX SPGI SAIA SPOT TRMB VSTS WCC XIFR XYL ZBH
    • After-Hours: AKR AEIS ADC AIG ANGI AIZ ALAB BL LEU NET DEI DIOD EW EXEL F FRSH GILD GXO HIW HNGE NSP JHX KVYO LSCC LYFT MBC MAT MIR MNTN NMIH OI PEGA RPD RRR HOOD TDC UPST WPC WELL ZG
  • Wednesday (Feb 11)
    • Pre-Market: AEE AVTR BWA CHEF CLBT CRTO CVS GFS GNRC HLT HUM KHC KRNT LAD MCD MLM NI NNN NTES PAG PSN R RDWR SCI SHOP SITE SN SOLS SW TEX THC TMHC TMUS TSEM U VERX VRT WAB
      
    • After-Hours: ALB AM AMCX APP AR CFLT CGNX CPA CRK CSCO CW CXT CXW DAR EPRT EQIX FAF FCPT FSLY GFL GTY HUBS IFF INSP IRT LEG MFC MH MSA MSI NBIX NBR NE NWE PAYC PLMR PPC PRI QDEL QS QTWO ROL RYN STAG TYL VKTX WCN WTS
  • Thursday (Feb 12)
    • Pre-Market: AMG ALNY AEP AGIO BUD AVNT BAX BDC BIRK BTDR BRKR CBRE CHKP CNR CROX EEFT ETR EXC FTS GTES GEL GEO GVA HWM H HIMX IPGP IRDM IRM KIM LECO LNC LXP MTRN MLCO NVMI OPTU OGN PBF PCG PHIN QSR STNG SLVM TU TRU TNET TRN TRIP USFD UTZ VNT WST ZBRA ZTS
    • After-Hours: TXG AEM ABNB AMAT ANET AORT BIO BFAM CAE COHU COIN CRSR DXCM DKNG BROS ES EXPE FRT FLO FBIN MHK HR HTGC IR CART FROG KNSL PINS PCOR PSA RIVN ROKU RYAN SBRA TSLX SPSC SLF TOST TRUP TWLO RARE VRTX WYNN YELP
  • Friday (Feb 13)
    • Pre-Market: AAP ATMU CCJ CIGI ENB ESNT MGA MRNA SXT TRP WEN
    • After-Hours: None