Market Overview
Stock futures edged lower on Friday after markets rose for two days in a row, as easing geopolitical tensions lost momentum.
Sponsor: Finviz Elite - Looking to spot market movers in real time? Get access to real-time market data, advanced screening filters, and visual market maps with a 7-day free trial.
Indexes & Sectors
Major Indexes: S&P 500 lower, Nasdaq lower, Dow lower, Russell 2000 lower
Leading Sectors: Energy, Industrial, Utilities
Lagging Sectors: Financial, Consumer Discretionary, Technology
Economic Calendar
Time (ET) | Report | Actual | Forecast | Previous |
|---|---|---|---|---|
9:45am | S&P flash U.S. services PMI (Jan.) | 53.0 | 52.5 | |
9:45am | S&P flash U.S. manufacturing PMI (Jan.) | 52.1 | 51.8 | |
10:00am | Consumer sentiment (final) (Jan.) | 54.0 | 54.0 |
Stocks In The Spotlight
Intel (INTC): Intel shares fell after the company reported mixed quarterly results and gave weaker-than-expected guidance. Earnings were better than expected, but revenue missed forecasts, and Intel said it does not have enough supply to meet seasonal demand in the current quarter, which worried investors.
Sallie Mae (SLM): Sallie Mae shares rose after the company reported stronger-than-expected earnings and announced a new share buyback program, signaling confidence in its business.
Movano (MOVE): Movano shares surged after its merger partner announced a long-term deal to lease advanced Nvidia (NVDA) GPUs, boosting expectations for its AI-powered battery technology development.
Nvidia (NVDA): Nvidia shares moved higher after reports that CEO Jensen Huang plans to visit China soon, as investors watch closely how the company navigates ongoing questions about its ability to sell chips in the Chinese market.
Life360 (LIF): Life360 shares jumped after the company reported strong user growth and better-than-expected financial results, showing increasing demand for its location-sharing services.
Capital One (COF): Capital One shares slipped after the bank announced plans to acquire fintech startup Brex and reported quarterly earnings that came in below expectations.
Booz Allen Hamilton (BAH): Booz Allen Hamilton shares rose after the company raised its earnings outlook, projecting stronger profitability than previously expected.
Fortinet (FTNT): Fortinet shares climbed after an analyst upgraded the stock, citing optimism around the company’s growth prospects tied to artificial intelligence.
Intuitive Surgical (ISRG): Intuitive Surgical shares rose after the company delivered strong quarterly earnings and revenue that exceeded expectations, driven by continued demand for its surgical systems.
CSX (CSX): CSX shares moved higher after the railroad operator reported stronger-than-expected intermodal revenue and projected modest revenue growth for the coming year.
Clorox (CLX): Clorox shares were mostly unchanged after the company announced an agreement to acquire Gojo Industries, the maker of Purell. Clorox also reaffirmed its longer-term financial outlook.
Alcoa (AA): Alcoa reported quarterly earnings and revenue that beat expectations, despite slightly lower revenue compared with last year. The company also posted solid full-year profits.
Associated Banc-Corp (ASB): Associated Banc-Corp shares rose after the bank reported strong quarterly results, record annual earnings, and issued upbeat guidance for loan and income growth.
Alaska Air Group (ALK): Alaska Air reported better-than-expected quarterly earnings and issued a wide earnings outlook for the year ahead. The company also announced progress integrating Hawaiian Airlines.
SLB (SLB): SLB shares edged higher after the company reported better-than-expected earnings and revenue, raised its dividend, and announced plans to return significant capital to shareholders.
Ericsson (ERIC): Ericsson shares jumped after the company reported strong earnings and revenue growth, raised its dividend, and announced a large share buyback program along with improved outlook guidance.
Webster Financial (WBS): Webster Financial shares were little changed after reporting solid quarterly earnings and continued progress on its share repurchase program.
Momentum Stocks
(Stocks showing elevated volume and notable price movement)
Gainers: CGON, CRVS, HYMC, CMPO, MRNA, KRUS
Losers: MKC, MMYT, CEG, MNDY, FIG
Today’s IPOs
Company | Ticker | Managers | Shares | Low | High | Volume |
|---|---|---|---|---|---|---|
Archimedes Tech SPAC Partners III | ARCIU | BTIG | 20 million | 10.0 | 10.0 | $200.0 million |
EquipmentShare.com, Inc. | EQPT | Goldman Sachs/Wells Fargo Securities/UBS Investment Bank/Citigroup/Guggenheim Securities/Citizens JMP/Truist Securities/Baird/Oppenheimer & Co./KeyBanc Capital Markets | 30.5 million | 24.50 | 24.50 | $747.3 million |
Helix Acquisition Corp. III (Stock-Only SPAC) | HLXC | Leerink Partners/Oppenheimer & Co. | 15 million | 10.00 | 10.00 | $150.0 million |
Legato Merger Corp. IV | LEGO.U | BTIG | 20 million | 10.00 | 10.00 | $200.0 million |
Praetorian Acquisition Corp. | PTORU | Clear Street | 22 million | 10.00 | 10.00 | $220.0 million |
Disclaimer: This newsletter is for informational purposes only and does not constitute investment advice. Readers should conduct their own research and consider consulting a financial professional before making investment decisions.