Stocks dip ahead of tomorrow’s delayed jobs report |
Stocks wavered ahead of tomorrow’s delayed jobs report as the S&P 500, Nasdaq 100, and Russell 2000 all traded lower. Weaker than expected December retail sales stoked fears of a slowing economy. Communications and financials were the worst-performing sectors, while utilities, real estate, and materials were the best performers. Stocks that moved higher: |
-
Beaten-up software names rebounded, including Figma, Oracle, and ServiceNow.
-
Spotify jumped as the streaming service’s Q4 monthly average user growth and gross margins set records.
-
Oscar Health gained after reporting impressive full-year guidance that more than offset disappointing Q4 results.
- Datadog rocketed higher after reporting a solid Q4 revenue and earnings beat, which outweighed its softer full-year outlook.
- Credo Technology Group soared after the seller of active electrical cables (AECs) and other electrical connectivity solutions for data centers announced stellar Q3 preliminary sales results after the close on yesterday, with guidance that calls for rapid growth to continue.
-
Ferrari jumped after announcing better than expected Q4 profits and full-year 2026 EBITDA guidance.
- TSMC moved higher as revenues soared 37% in January.
-
Harley-Davidson rose despite reporting falling motorcycle sales and a weaker-than-expected 2026 profit forecast before the bell this morning.
- Vistra rose after Jefferies upgraded stock to buy from hold, raising its price target to $203 from $191.
-
Warner Bros. Discovery rose as Paramount said it will pay shareholders a “ticking fee” of $0.25 per share for every quarter the deal hasn’t closed after the end of 2026.
-
AppLovin continued to tick higher after CapitalWatch announced “significant revisions” to its negative report yesterday, though its stance on company “remains unchanged.”
|
- Memory chip stocks Seagate Technology Holdings, Micron, Western Digital, and Sandisk slipped as money rotated into beaten-down software stocks.
-
Hims & Hers continued to fall on yesterday’s news that Novo Nordisk is suing the company for infringing on one of its key patents for semaglutide.
-
Under Armour dropped as the stock was cut to sell from neutral by Citi.
- Coca-Cola ticked lower after Q4 sales and 2026 organic revenue growth guidance fell short of expectations.
- Upwork tumbled after its guidance for Q1 sales and adjusted EBITDA trailed estimates.
-
S&P Global tumbled after the company’s full-year profit forecast fell short of Wall Street’s estimates.
|
|
|
US federal employment levels already hit a 12-year low in October. Read more. |
|
|
Tesla has been quoting the price of its long-awaited long-range Semi truck at $290,000, Electrek reports. The $290,000 price point represents a significant increase from the original $180,000, roughly 60% higher. Read more. |
|
|
Was this email forwarded to you? Don’t miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.
Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads.
We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts! |
|
|
Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
|
|
SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025 |
|
|
|
