After Hours Report

Stocks had a solid session today, though they finished off their session highs as the market reacted to the release of the January FOMC minutes this afternoon. 

Several participants indicated that they would have supported a two-sided description of the Committee's future interest rate decisions, reflecting the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation remains at above-target levels. Still, the market's expected timeline for its next rate cut remains relatively unchanged. While there was some profit-taking in reaction to the release, the market reversed its downward course and moved higher for the final half hour of the session. 

The S&P 500 (+0.6%), Nasdaq Composite (+0.8%), and DJIA (+0.3%) finished with roughly half of their earlier gains, supported by solid mega-cap leadership and relatively broad strength. The S&P 500 moved back into positive territory for the year, eclipsing its 50-day moving average (6,894.53) in the session but failing to close above the level. 

Strength was broad, with eight S&P 500 sectors finishing with gains. 

The information technology sector (+1.2%) was among the outperformers, as mega-cap and tech names led the market higher from the open. 

Software stocks were among the outperformers, garnering some bargain-hunting interest after prolonged weakness. Cadence Design (CDNS 305.01, +21.55, +7.60%) finished with the widest gain after Rosenblatt upgraded the stock to Buy from Neutral, while AppLovin (APP 404.39, +28.01, +7.44%) posted a similar gain. Even Microsoft (MSFT 399.60, +2.74, +0.69%), which has struggled in recent weeks following its latest earnings release, notched a higher finish. The iShares GS Software ETF finished 1.3% higher

NVIDIA (NVDA 187.98, +3.01, +1.63%) performed even better, contributing to the PHLX Semiconductor Index's 1.0% gain. Micron (MU 420.95, +21.17, +5.30%) and other memory storage names rebounded particularly well from a weaker showing yesterday. 

Amazon (AMZN 204.79, +3.64, +1.81%) was another mega-cap standout, helping the consumer discretionary sector (+1.0%) finish higher. All told, the Vanguard Mega Cap Growth ETF (+0.6%) captured a nice gain despite some profit-taking in the afternoon. 

Elsewhere in the sector, Garmin (GRMN 236.95, +19.97, +9.20%) was one of the top-performing S&P 500 names after an earnigns beat, while MGM Resorts (MGM 37.17, +2.90, +8.46%) finished similarly amid a strong day for casino stocks after Caesars Entertainment's (CZR 21.42, +2.47, +13.03%) earnings release. 

Global Payments (GPN 81.25, +11.48, +16.46%) was the S&P 500's top performer as a result of its own earnings beat, leading strength in the financials sector (+0.8%), which benefitted from some buying activity across financial publishing and servicing stocks that have recently slid amid fears of AI disruption. 

Meanwhile, this year's best-performing sector, the energy sector (+2.0%), once again captured the widest gain. Crude oil futures settled today's session $2.66 higher (+4.3%) at $64.99 per barrel as tensions between the U.S. and Iran escalate, with reports that both sides are preparing for military conflict. 

With growth and cyclical stocks mounting solid gains today, weakness was limited to the defensive utilities (-1.7%) and consumer staples (-0.5%) sectors, while the real estate sector (-1.5) also retreated. 

Outside of the S&P 500, the Russell 2000 (+0.5%) and S&P Mid Cap 400 (+0.5%) followed a similar trajectory to the major averages, finishing with around half of their earlier gains. 

Ultimately, today's session was an encouraging sign given last week's volatility and yesterday's flattish showing. While the January FOMC minutes carried a hawkish tilt that trimmed some of the market's earlier strength, the major averages still posted solid gains, supported by firm mega-cap leadership and constructive breadth. The ability to rebound after the initial reaction to the minutes suggests underlying demand remains intact, even as rate-cut expectations stay largely unchanged.

U.S. Treasuries had a modestly lower showing on Wednesday that pressured the complex from January highs that were reached during Tuesday's session. The 2-year note yield settled up two basis points to 3.46%, and the 10-year note yield settled up three basis points to 4.08%. 

• S&P Mid Cap 400: +8.5% YTD
• Russell 2000: +7.1% YTD
• DJIA: +3.3% YTD
• S&P 500: +0.5% YTD
• Nasdaq Composite: -2.1% YTD

Reviewing today's data:

• Weekly MBA Mortgage Applications Index 2.8%; Prior -0.3%
• December Housing Starts 1.404 mln (Briefing.com consensus 1.320 mln); Prior 1.322 mln, December Building Permits 1.448 mln (Briefing.com consensus 1.412 mln); Prior 1.388 mln
  • The key takeaway from the report is that it is not the answer for a supply-constrained housing market. Single-unit permits were down overall, but they fell the sharpest in the South (-5.3%), which is the nation's largest homebuilding region.
• December Durable Orders -1.4% (Briefing.com consensus -2.6%); Prior was revised to 5.4% from 5.3%, December Durable Orders - ex transportation 0.9% (Briefing.com consensus 0.3%); Prior was revised to 0.4% from 0.5%
  • The key takeaway from the report is that the weakness was concentrated in the transportation component. Otherwise, it was a solid report featuring a 0.6% increase in nondefense capital goods orders, excluding aircraft, which is a key gauge of business spending.
• December Industrial Production 0.7% (Briefing.com consensus 0.4%); Prior was revised to 0.2% from 0.4%, December Capacity Utilization 76.2% (Briefing.com consensus 76.5%); Prior was revised to 75.7% from 76.3%
  • The key takeaway from the report is that industrial production growth easily exceeded estimates thanks to a healthy 0.6% increase in manufacturing output, which was the biggest since February 2025, and a secondary boost from an increase in the output of utilities.

Overseas:

• Europe: DAX +1.2%, FTSE +1.2%, CAC +0.8%
• Asia: Nikkei +1.0%, Hang Seng market closed, Shanghai market closed

Commodities:

• Crude Oil +2.66 @ 64.99
• Nat Gas -0.02 @ 3.01
• Gold +103.30 @ 5009.40
• Silver +3.85 @ 77.59
• Copper +0.16 @ 5.80

After-Hours Spotlight:

• Amplitude (AMPL) misses by $0.01, beats on revs; guides Q1 EPS below consensus, revs in-line; guides FY26 EPS in-line, midpoint of revs above consensus; authorizes new $100 mln share repurchase program...AMPL -0.4%
• Avis Budget (CAR) reports Q4 (Dec) results, misses on revs...CAR -13.4%
• Booking Holdings (BKNG) beats by $0.11, beats on revs; guides Q1 revs above consensus; raises dividend; announces stock split...BKNG -1.2%
• Carvana (CVNA) reports Q4 (Dec) results, beats on revs...CVNA -21.5%
• Cheesecake Factory (CAKE) beats by $0.01, beats on revs; Q4 comps -2.2% yr/yr...CAKE -5.7%
• Community Health (CYH) beats by $0.05, misses on revs...CYH -3.9%
• CVR Energy (CVI) beats by $0.05, beats on revs...CVI -4.7%
• DoorDash (DASH) reports revs in-line, reports adjusted EBITDA above mid-point of guidance; Q4 total orders grew 32% yr/yr to 903 mln...DASH -1.4%
• eBay (EBAY) beats by $0.06, beats on revs; guides Q1 EPS above consensus, revs above consensus; increases dividend; authorizes $2 bln increase to share repurchase program; to acquire Depop...EBAY +6.0%
• Figma (FIG) beats by $0.01, beats on revs; guides Q1 revs above consensus; guides FY26 revs above consensus...FIG +16.2%
• Herbalife Nutrition (HLF) misses by $0.03, beats on revs; guides Q1 revs above consensus; guides FY26 revs in-line...HLF +11.8%
• Jack In The Box (JACK) misses by $0.08, misses on revs; SSS -6.7% yr/yr, reiterated guidance...JACK -4.6%
• Kaiser Alum (KALU) misses by $0.03 (two estimates), beats on revs...KALU +0.7%
• Molson Coors Brewing (TAP) beats by $0.06, misses on revs; guides FY26 EPS below consensus...TAP -7.3%
• Remitly Global (RELY) beats by $0.03, beats on revs; guides Q1, FY26 revs above consensus; appoints S. Gunningham as CEO...RELY +11.3%
• Tronox (TROX) misses by $0.14, beats on revs...TROX +6.8%
• Wyndham Hotels & Resorts (WH) beats by $0.04, reports revs in-line; guides FY26 EPS below consensus...WH -0.3%

Fair Value for Thursday, February 19:

• S&P 500: 6,896
• Nasdaq 100: 24,961
• DJIA: 49,724

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

• Earnings/Guidance (Full Earnings Calendar):
  • Altria (MO) reaffirms FY26 EPS guidance
  • Amrize (AMRZ) misses by $0.03, misses on revs; guides FY26 revs in-line; Approves $1.0 bln share repurchase program, and also approves a special, one-time dividend of $0.44/share
  • Analog Devices (ADI) beats by $0.15, beats on revs; guides Q2 EPS above consensus, revs above consensus
  • Andersons (ANDE) beats by $0.41, misses on revs
  • AtriCure (ATRC) beats by $0.13, reports revs in-line; guides FY26 EPS above consensus, revs in-line
  • Axcelis Tech (ACLS) misses by $0.02, beats on revs; guides Q1 EPS below consensus, revs below consensus
  • Bausch + Lomb (BLCO) misses by $0.04, beats on revs; guides FY26 revs in-line
  • Cadence Design (CDNS) beats by $0.08, beats on revs; guides FY26 EPS mostly above consensus, revs in-line
  • Caesars Entertainment (CZR) misses by $1.08, beats on revs
  • Camtek (CAMT) misses by $0.01, reports revs in-line
  • Celanese (CE) misses by $0.24, misses on revs; guides Q1 EPS below consensus
  • Cencora (COR) reaffirms FY26 EPS and revenue guidance
  • Charles River (CRL) beats by $0.05, reports revs in-line; guides FY26 EPS in-line, revs in-line
  • Cinemark (CNK) misses by $0.10, reports revs in-line
  • Clean Harbors (CLH) beats by $0.02, beats on revs; $350 mln expansion of existing share repurchase program; to acquire Depot Connect International
  • Constellium (CSTM) beats by $0.46, beats on revs
  • Costamare (CMRE) beats by $0.06, beats on revs
  • Dana Inc (DAN) reports revs in-line; guides FY26 EPS in-line, reaffirms FY26 revenue guidance
  • Devon Energy (DVN) beats by $0.02, beats on revs
  • Element Solutions (ESI) beats by $0.01, beats on revs; Expects 2026 adjusted EBITDA of $650-$670 mln
  • Enpro Inc. (NPO) beats by $0.08, beats on revs; guides FY26 EPS in-line, revs in-line
  • EQT Corp. (EQT) beats by $0.15, beats on revs; Issues 2026 guidance, sees production of 2,275 – 2,375 Bcfe
  • Expand Energy (EXE) beats by $0.13, beats on revs
  • FirstEnergy (FE) misses by $0.01, beats on revs; reaffirms FY26 EPS guidance
  • Fiverr (FVRR) beats by $0.12, misses on revs; guides Q1 revs below consensus; guides FY26 revs below consensus
  • Garmin (GRMN) beats by $0.39, beats on revs; guides FY26 EPS above consensus, revs above two analyst estimate; proposes 17% dividend increase; announces new $500 mln share repurchase program
  • Genco Shipping & Trading (GNK) misses by $0.02, beats on revs
  • Glaukos (GKOS) misses by $0.08, beats on revs; reaffirms FY26 revs guidance
  • Glencore Intl plc (GLNCY) reports FY25 results; secures land access agreement with Gécamines for KCC operations
  • Global-E Online (GLBE) misses by $0.01, beats on revs; guides Q1 revs above consensus; guides FY26 revs above consensus
  • Global Payments (GPN) beats by $0.02, reports revs in-line; guides FY26 EPS above consensus; $2.5 bln share buyback authorization and entering into $550 mln accelerated share repurchase plan
  • Goosehead Insurance (GSHD) beats by $0.07, beats on revs; provides FY26 guidance; increases share repurchase authorization by $180 mln
  • Halozyme Therapeutics (HALO) misses by $2.40, beats on revs; guides FY26 EPS in-line, revs in-line
  • HealthEquity (HQY) reports record HSA growth in FY26, HSA assets up 14% to $36.5 bln; reaffirmed outlook for FY26, FY27 and expects FY26 results to be near the top end of previously provided ranges
  • Hecla Mining (HL) beats by $0.02, beats on revs
  • HF Sinclair (DINO) beats by $0.75, beats on revs; CEO to take voluntary leave
  • Hormel Foods (HRL) sees Q1 EPS above expectations; reaffirms FY26 EPS guidance
  • Huntsman (HUN) misses by $0.04, beats on revs
  • Hycroft Mining (HYMC) delivers 55% growth in mineral resources
  • IAMGOLD (IAG) beats on top and bottom lines
  • IAMGOLD (IAG) updates reserves and resources; M&I ounces rise 16%
  • ICL Group (ICL) reports in-line results; misses on revs
  • Innospec (IOSP) beats by $0.25, misses on revs
  • Insulet (PODD) beats by $0.09, beats on revs; guides FY26 EPS in-line
  • Jones Lang LaSalle (JLL) beats by $1.36, beats on revs
  • Kenvue (KVUE) beats by $0.05, beats on revs; On November 2, company entered into definitive merger agreement with Kimberley-Clark (KMB)
  • La-Z-Boy (LZB) beats by $0.02, beats on revs; guides Q4 revs below consensus
  • LCI Industries (LCII) beats by $0.19, beats on revs; Guides FY26 EPS and revenue inline
  • Mister Car Wash (MCW) beats by $0.01, reports revs in-line; company to be taken private
  • MKS Inc. (MKSI) beats by $0.01, beats on revs; guides Q1 EPS in-line, revs in-line
  • Moody's (MCO) beats by $0.21, beats on revs; guides FY26 EPS in-line
  • OGE Energy (OGE) beats by $0.02, beats on revs; guides FY26 EPS in-line
  • OneSpaWorld (OSW) misses by $0.02, reports revs in-line; guides Q1 revs above consensus; reaffirms FY26 revs guidance
  • OPENLANE (OPLN) misses by $0.02, beats on revs; guides FY26 EPS below consensus
  • Palo Alto Networks (PANW) beats by $0.09, reports revs in-line; guides Q3 EPS below consensus, revs above consensus; guides FY26 EPS below consensus, revs above consensus
  • Philip Morris International (PM) reaffirms FY26 EPS guidance ahead of 2026 CAGNY Conference
  • Pinterest (PINS) closed its previously announced acquisition of tvScientific; updates guidance
  • Pitney Bowes (PBI) beats by $0.08, misses on revs; guides FY26 EPS above consensus, revs in-line
  • PROG Holdings (PRG) reports Q4 results, provides Q1 and FY26 guidance
  • ProPetro (PUMP) beats by $0.13, beats on revs
  • RB Global (RBA) beats by $0.13, beats on revs
  • Republic Services (RSG) beats by $0.14, misses on revs; guides FY26 EPS below consensus, revs below consensus
  • Rush Enterprises (RUSHA) beats by $0.12, beats on revs
  • Rush Street Interactive (RSI) misses by $0.02, beats on revs; guides FY26 revs above consensus
  • Select Water Solutions (WTTR) misses by $0.03, beats on revs
  • SolarEdge Technologies (SEDG) beats by $0.09, beats on revs; guides Q1 revs in-line
  • Sonic Automotive (SAH) beats by $0.02, misses on revs
  • Toll Brothers (TOL) beats by $0.08, beats on revs; reaffirms FY26 outlook for deliveries
  • Ternium S.A. (TX) reports Q4 (Dec) results, revs in-line
  • The Vita Coco Company (COCO) misses by $0.04, beats on revs; guides FY26 revs in-line
  • Travel + Leisure Co (TNL) beats by $0.02, beats on revs, Approves new $750 mln share repurchase authorization
  • Verisk Analytics (VRSK) beats by $0.22, reports revs in-line; guides FY26 EPS in-line, revs below consensus; plans $1.5 bln accelerated share repurchase program
  • Wingstop (WING) beats by $0.17, misses on revs; domestic comp -5.8%; sees FY26 domestic comps flat to up low-single digit
• General News
  • U.S. Commerce Department and Japan confirm first projects under $550 bln trade deal; these projects are valued at approximately $36 billion; projects include natural gas generation, a deepwater crude oil export terminal, and a synthetic diamond grit facility
  • Vice President JD Vance in an interview says Iran is ignoring core U.S. demands in nuclear talks, according to WSJ
  • Christine Lagarde to leave ECB before term ends in October 2027, according to FT
  • AC Immune (ACIU) has been informed by Janssen Pharmaceuticals, a Johnson & Johnson (JNJ) company, that enrollment has been temporarily paused in the Phase 2b study ReTain
  • Alcoa (AA) reaches agreement with Australian government on WA mining approvals
  • Analog Devices (ADI) increases its quarterly dividend by 11% to $1.10 per share
  • Anthropic: The Pentagon is considering asking contractors to certify that they are not using Anthropic's Claude amid tensions, according to WSJ
  • Aptiv's (APTV) Versigent amended preliminary Registration Statement on Form 10; plans to complete the Electrical Distribution Systems business separation by April 1, 2026
  • Bakkt (BKKT) announces a new partnership with Nexo, a global digital assets wealth platform, as part of its Bakkt Markets initiative
  • Elbit Systems (ESLT) wins $277 mln turret and munitions orders
  • Eli Lilly (LLY) announces "positive" topline results from the landmark TOGETHER-PsO open-label Phase 3b clinical trial evaluating the concomitant use of Taltz and Zepbound compared to Taltz alone in adults with moderate-to-severe plaque psoriasis and obesity or overweight with at least one additional weight-related comorbid condition
  • EQT (EQT) CEO Toby Rice is aiming to start a nonprofit to provide energy to poor countries, according to WSJ
  • Halliburton (HAL) receives multiyear contract from KS Orka Renewables to support geothermal well construction for the PT Sorik Marapi Geothermal Power (SMGP) and PT Sokoria Geothermal Indonesia (SGI) projects in Indonesia
  • HF Sinclair (DINO) announced that, on February 17, 2026, the Board of Directors of HF Sinclair received a request from Mr. Tim Go, the Company’s Chief Executive Officer and President, and a member of the Board, to take a voluntary leave of absence from his duties
  • HF Sinclair (DINO) announces the formation of Green Trail Fuels, a new joint venture with UPOP Holdings , in which HF Sinclair will hold a 50% non-operating economic interest
  • Johnson & Johnson (JNJ) announces that the U.S. FDA has granted Breakthrough Therapy Designation for subcutaneous amivantamab and hyaluronidase-lpuj as a monotherapy for the treatment of adults with head and neck squamous cell carcinoma that is recurrent or metastatic and human papillomavirus -unrelated after disease progression on or after platinum-based chemotherapy and a PD-1 or PD-L1 inhibitor
  • JP Morgan (JPM) aims to open 160 branches in dozens of states, according to FT
  • KalVista Pharmaceuticals (KALV) announces that the newly published International Guideline on the Diagnosis and Management of Pediatric Patients With Hereditary Angioedema recommends EKTERLY as a first-line therapy for the acute treatment of hereditary angioedema attacks in adolescents aged 12 years and older
  • KBR (KBR) announces a strategic 10-year general maintenance services contract, with an optional two-year extension, covering Petro Rabigh Polymer I and Polymer II plants at Rabigh in the Kingdom of Saudi Ar
  • Kenvue (KVUE) approves initiative that aims to optimize its operating model, expects net global workforce reduction of approximately 3.5%
  • Leonardo DRS (DRS) was awarded multiple contracts for the Missile Defense Agency Scalable Homeland Innovative Enterprise Layered Defense indefinite-delivery/indefinite-quantity contract with a ceiling of $151 billion
  • Merck (MRK) and Mayo Clinic announce a research and development agreement to apply artificial intelligence, advanced analytics and multimodal clinical data to support drug discovery and development
  • Meta (META) CEO Mark Zuckerberg will testify at a social media addiction trial today, according to CNN
  • Microsoft (MSFT) announces at the India AI Impact Summit it is on pace to invest USD $50 billion by the end of the decade to help bring AI to countries across the Global South
  • Moderna (MRNA) announces the FDA will initiate the review of its investigational seasonal influenza vaccine submission
  • NCR Voyix Corporation (VYX) increases share repurchase authorization to $300 mln
  • NovaBridge Biosciences (NBP) announces enrollment of the first patient in the global Phase 2 randomized combination study evaluating givastomig, a Claudin 18.2 x 4-1BB bispecific antibody, in combination with nivolumab and chemotherapy in patients with HER2-negative, 1L metastatic gastric cancer
  • Novartis AG's (NVS) remibrutinib meets Phase III endpoint in chronic inducible urticaria
  • NVIDIA (NVDA) announces a multiyear, multigenerational strategic partnership with Meta (META) spanning on-premises, cloud and AI infrastructure
  • Paramount Skydance (PSKY): Stephen Colbert criticized FCC and CBS over equal time rules, according to WSJ
  • Polestar Automotive Holding UK PLC (PSNY) announces the largest model offensive in its history, with four new cars planned in the next three years
  • Lattice Semi (LSCC) launches joint cyber resilience reference kit with EXOR International and TrustiPhi to simplify secure device development
  • Quad/Graphics (QUAD) announces that Dave Honan has been promoted to President in addition to his current role as Chief Operating Officer
  • Sandoz (SDZNY) secures expanded FDA approval for Enzeevu in retinal diseases
  • Simmons First National () authorizes new $175 million stock repurchase program
  • STAAR Surgical (STAA) announces that the U.S. Food and Drug Administration has approved an expanded age indication for EVO/EVO+ Visian Implantable Collamer Lenses, extending use to patients 21 to 60 years old
  • Telix Pharmaceuticals (TLX) submits European marketing authorization application for TLX101-Px for brain cancer imaging
  • Tesla (TSLA): California DMV announces that Tesla took corrective action to avoid DMV suspension
  • Tilray (TLRY) and the Carlsberg Group (CABGY) enter into an exclusive multi-year U.S. brewing and commercial partnership
  • Timken (TKR) approves a new share purchase plan, effective as of March 1, 2026, pursuant to which the Company may purchase up to ten million of its outstanding common shares
  • Upwork (UPWK) announces that its board of directors approved a new $300 mln share repurchase program
  • V2X (VVX) announces its selection for a seat on the Advanced Technology Support Program 5, a $25 billion multiple-award Indefinite Delivery/Indefinite Quantity contract
  • Watts Water Tech. (WTS) authorizes a new share repurchase program for the purchase of up to $1 billion of the Company's common stock
  • West Pharm authorizes new $1 bln share repurchase program
  • World Acceptance (WRLD) announces that J. Tobin Turner has been appointed Executive Vice President and Chief Operating Officer, effective February 17, 2026

• Upgrades:
  • BioAge Labs (BIOA) upgraded to Buy from Hold at Jefferies, tgt $62
    
  • Goosehead Insurance (GSHD) upgraded to Overweight from Neutral at Piper Sandler, tgt $69
    
  • Icon (ICLR) upgraded to Buy from Hold at TD Cowen, tgt $120
    
  • Itron (ITRI) upgraded to Outperform from Neutral at Robert W. Baird, tgt $128
    
  • Medpace (MEDP) upgraded to Hold from Sell at TD Cowen, tgt $419
    
  • Palantir (PLTR) upgraded to Outperform from Neutral at Mizuho, tgt $195
    
  • Rush Street Interactive (RSI) upgraded to Outperform from Market Perform at Citizens, tgt $24
    
  • StubHub (STUB) upgraded to Neutral from Sell at Citigroup, tgt $9
    
  • ZIM Integrated (ZIM) upgraded to Buy from Hold at Fearnley, tgt $35
• Downgrades:
  • Gemini (GEMI) downgraded to Neutral from Overweight at Cantor Fitzgerald, tgt $8
    
  • Genuine Parts (GPC) downgraded to Hold from Buy at Truist, tgt $127
  • Knife River Corp. (KNF) downgraded to Underweight from Equal Weight at Wells Fargo; tgt $81
  • LuxExperience (LUXE) downgraded to Neutral from Overweight at JPMorgan, tgt $10
  • Similarweb (SMWB) downgraded to Market Perform from Outperform at Citizens
    
  • Toro Company (TTC) downgraded to Market Perform from Outperform at Raymond James
    
  • Unilever (UL) downgraded to Hold from Buy at DZ Bank
    
  • Workday (WDAY) downgraded to Market Perform from Outperform at Citizens
• Others:
  • AeroVironment (AVAV) initiated with a Neutral at UBS, tgt $259
    
  • Bristow Group (VTOL) initiated with an Outperform at Raymond James, tgt $60
    
  • CSW Industrials (CSW) initiated with an Outperform at Robert W. Baird, tgt $378
    
  • Evolution Metals & Technologies (EMAT) initiated with a Buy at Clear Street, tgt $30
    
  • Kratos Defense (KTOS) initiated with a Neutral at UBS, tgt $79
    
  • Mirum Pharmaceuticals (MIRM) initiated with an Outperform at RBC Capital, tgt $130
    
  • Modine (MOD) initiated with a Buy at Roth Capital, tgt $263
    
  • Nebius (NBIS) initiated with a Buy at Compass Point, tgt $150

• Econ Data (Thursday):
  • 8:30 ET: Weekly Initial Claims (Briefing.com consensus 225,000; prior 227,000), Continuing Claims (prior 1.862 mln), December Trade Balance (Briefing.com consensus -$55.8 bln; prior -$56.8 bln), and February Philadelphia Fed survey (Briefing.com consensus 8.5; prior 12.6)
  • 10:00 ET: January Pending Home Sales (Briefing.com consensus 1.4%; prior -9.3%)
  • 10:30 ET: Weekly natural gas inventories (prior -249 bcf)
  • 12:00 ET: Weekly crude oil inventories (prior +8.53 mln)

• Earnings:
  • Monday (Feb 16)
    • Pre-Market: None
    • After-Hours: None
      
    Tuesday (Feb 17)
    • Pre-Market: ALLE BLDR CEVA CNH DFIN DTE ET ETOR FLR FELE GPC HRI HLMN ITRI KNF KRYS LH LDOS LGIH LPX MDT NEO NESR SGI SXC SUN VMI VMC WSO WAY
    • After-Hours: AMRZ ANDE ATRC ACLS CDNS CZR CE DVN ESI EQT EXE FE GNK GKOS GSHD HALO HL HUN IOSP KVUE LZB MKSI PANW PBI RBA RSG RUSHA RSI WTTR TOL
  • Wednesday (Feb 18)
    • Pre-Market: ADI BLCO CAMT CRL CNK CLH CSTM DAN NPO EQX FVRR FDP GRMN GPN GLBE DINO PODD JLL LCII MFA MCO OGE OSW OPLN PRG PUMP SEDG SAH TECK TX COCO TNL VRSK WING
      
    • After-Hours: AGI AWR AWK AMPL CAR BTG OTF BKNG CVNA CF CAKE CWAN CDE CYH CRH CVI DASH EIX FIG LOPE HLF HST INVH JACK JXN KALU KGC MAC MCW TAP NDSN NTR OXY OII OMC OGS PAAS RDN RS RELY RGLD TNK TS TROX WES WH
  • Thursday (Feb 19)
    • Pre-Market: COLD APPN BRC CVE CNP CHH CWK DE DTM EPAM ETSY EVRG XPRO AG GTX GATX THRM IDA INSM ITGR KLAR LAUR LMND LKQ MDGL MPT NABL NICE MD POOL PWR FUN SO FTI ULS UPBD VAL VC WMT W YETI
    • After-Hours: ACH AKAM ALRM LNT AMH AMN ARDX BBDC CARG CWST CENX CC ED CPRT DBX EIG EXR FNF FIVN FND GLPI GH HLIT HHH ICUI INDI IRTC LZ LYV NEM ONTO OPEN PK PRDO PTCT RNG SVV SEM ST SFM TNDM TXRH RIG OLED VICR WSC WK WKC
  • Friday (Feb 20)
    • Pre-Market: BCPC CCOI HBM LAMR OIS POR PPL
    • After-Hours: WU