War Fears Wipe Out Monday's Gains as Oil Climbs

U.S. stock futures fell sharply on Tuesday, wiping out Monday's gains, as the conflict between the U.S. and Iran entered its fourth day with no end in sight. Oil prices climbed again, as investors grew increasingly concerned that a prolonged war could disrupt energy supplies and push inflation higher.

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Major Indexes: S&P 500 higher, Nasdaq higher, Dow higher, Russell 2000 flat

Leading Sectors: Energy

Lagging Sectors: Materials, Technology, Consumer Discretionary, Communication Services, Industrial, Financial, Utilities

Best Buy (BBY): Best Buy shares surged in premarket after the electronics retailer posted stronger-than-expected fourth quarter earnings of $2.61 per share, beating the analyst estimate of $2.47. Revenue fell slightly short of forecasts.

On Holding (ONON): On Holding shares fell sharply in premarket after the Swiss sneaker maker's 2026 sales guidance disappointed investors, coming in below analyst expectations. This overshadowed an otherwise strong 2025 report, which included record sales and improved profitability.

MongoDB (MDB): MongoDB shares plunged in premarket after the software company issued weaker-than-expected guidance for the current quarter, with both its earnings and revenue outlook falling short of what analysts had forecast.

Credo Technology (CRDO): Credo Technology shares dropped in premarket after the Ethernet connectivity company's gross margin forecast for the current quarter came in below analyst expectations, despite beating earnings and revenue estimates for the most recent quarter.

Plug Power (PLUG): Plug Power shares surged in premarket after the hydrogen and fuel cell developer reported better-than-expected fourth quarter results, with both its loss per share and revenue coming in ahead of analyst estimates.

Target (TGT): Target shares rose in premarket trading after the big box retailer reported better-than-expected fourth quarter earnings. The company earned an adjusted $2.44 per share, topping analyst expectations of $2.16, though revenue came in just below forecasts.

Dave (DAVE): Dave shares rose in premarket after the fintech company issued strong full-year guidance. Dave's outlook for both revenue and adjusted operating profit came in significantly above what analysts had been expecting.

Tidewater (TDW): Tidewater shares gained after the offshore energy services company raised its full-year revenue guidance, boosted partly by a recent acquisition. The updated outlook came in above analyst forecasts.

Archer Aviation (ACHR): Archer Aviation shares fell in premarket after the electric aircraft developer guided for a larger-than-expected operating loss in the current quarter, well above what analysts had anticipated.

Riot Platforms (RIOT): Riot Platforms shares fell in premarket despite reporting record annual revenue for 2025. The bitcoin miner's fourth quarter earnings and revenue missed analyst estimates as the company shifts focus toward AI data centers.

AutoZone (AZO): AutoZone shares fell in premarket after the auto parts retailer reported mixed fiscal second quarter results, beating profit estimates but falling short on revenue.

Ziff Davis (ZD): Ziff Davis shares surged in premarket after the digital media company announced it will sell its Connectivity division, which includes internet speed testing platform Ookla, to Accenture for $1.2 billion in cash.

Ouster (OUST): Ouster shares rose sharply in premarket after the lidar sensor company reported fourth quarter results well above expectations, with both earnings and revenue roughly doubling compared to the same period a year ago.

Pinterest (PINS): Pinterest shares rose in premarket after the social media platform announced a $1 billion investment from activist investor Elliott Management through convertible notes, alongside a new $3.5 billion share buyback program.

Surgery Partners (SGRY): Surgery Partners shares fell sharply in premarket after the healthcare company reported fourth quarter earnings that missed analyst estimates by a wide margin, with profit dropping significantly compared to the same period last year, despite a slight revenue beat.

(Stocks showing elevated volume and notable price movement)

Gainers: -

Losers: ZG

None.



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.