NextFin News - Early U.S. pre‑market Tuesday.
Pre‑Market Performance
- U.S. index futures
- S&P 500 futures: +0.2% (about +10 pts). finance.yahoo.com
- Nasdaq‑100 futures: +0.5% (about +83 pts). finance.yahoo.com
- Dow Jones futures: flat to +0.1% (about +24 pts). finance.yahoo.com
- Europe (mid‑session)
- FTSE 100: 10,264.18, −77.38 (−0.75%).
- CAC 40: 8,164.65, −16.52 (−0.20%).
- DAX: 24,848.92, +51.40 (+0.21%).
- Commodities & FX
- Brent crude: mid‑$60s/bbl; little changed after a 4.4% Monday drop to $66.30. wsj.com
- WTI crude: low‑$60s/bbl. investing.com
- Gold (futures): around $4,950/oz, +6% rebound. investopedia.com
- U.S. Dollar Index (DXY): ~97.5, −0.1% early. barrons.com
- U.S. 10‑yr Treasury yield: ~4.28%. barrons.com
Macroeconomic Policy and Data
- Fed policy: The FOMC held the fed funds target at 3.50%–3.75% on Jan 28, with two dissents favoring a cut; statement language tilted slightly more hawkish on growth/labor. Market odds focus on later‑2026 cuts. economics.td.com
- ISM Manufacturing (Jan): PMI 52.6 (consensus 48.4, prior 47.9); first expansion in a year. New Orders 57.1; Prices 59.0; Employment 48.1, prompting equities and yields to firm on the upside surprise. prnewswire.com
- Producer Prices (Dec): Headline PPI +0.5% m/m (y/y 3.0%); services led the rise, implying some stickiness in pipeline inflation. apnews.com
- Labor data & near‑term calendar: JOLTS (Dec) is scheduled for 10:00 a.m. ET today, though several labor reports—including JOLTS and January payrolls—face delay risk amid a partial federal funding lapse. Ahead (Wed, Feb 4): ADP Employment (8:15 a.m. ET) and ISM Services (10:00 a.m. ET). newyorkfed.org
Takeaway: A re‑accelerating ISM points to early‑year growth momentum and supports cyclical leadership, but firmer PPI and a Fed on hold argue for selective risk‑taking as rate‑cut timing drifts. A delayed labor tape could amplify volatility around alternative gauges (ADP/ISM) and Fed‑speak. nuveen.com
Hot News
- SpaceX and xAI to merge: Elon Musk’s companies announced a merger valued near $1.25T, targeting space‑based AI infrastructure and adding to AI‑adjacent sentiment. investopedia.com
- Oil balance tilts bearish: Analysts highlight oversupply into early 2026; Brent hovers in the mid‑$60s as inventories and OPEC+ output weigh despite periodic geopolitical spikes. investing.com
- Dollar eases: DXY drifts lower after a brief spike tied to the Fed‑chair nomination narrative; crypto stabilizes. barrons.com
- U.S.–India trade signals: Headlines around tariff reductions and energy purchases buoy risk appetite, contributing to Monday’s equity strength. wsj.com
U.S. Stock Focus
- Palantir (PLTR) — Record AI quarter lifts shares: Q4 revenue rose ~70% y/y to $1.41B with adj. EPS $0.25; U.S. commercial revenue +137% and U.S. government +66%. 2026 revenue guide to ~$7.2B topped the Street; shares +10–11% pre‑market.
- Teradyne (TER) — “Blowout” beat and guide on AI test demand: Q4 sales $1.08B and non‑GAAP EPS $1.80 (vs. $977M/$1.38 est.); Q1 guide $1.15–$1.25B revenue and $1.89–$2.25 EPS well above consensus; stock +19–20% pre‑market.
- Woodward (WWD) — Raised FY26 outlook on strong aerospace/industrial: Q1 FY26 sales +29% to ~$996M; adj. EPS $2.17 beat; FY26 EPS guidance hiked to $8.20–$8.60; stock +14% pre‑market.
- PayPal (PYPL) — CEO transition, miss sink shares: Enrique Lores named CEO (effective Mar 1) as Q4 EPS/revenue missed and outlook was conservative; shares −15–17% pre‑market.
- DaVita (DVA) — Big guide raise powers rally: Q4 beat (EPS $3.40; rev $3.62B) and 2026 EPS guided to $13.6–$15 (above Street) sent shares up ~10–15% after hours and early pre‑market.
- AMD (AMD) — Earnings on deck: Reports after the bell; consensus revenue ~$9.7B and EPS ~$1.34, with AI/data‑center commentary in focus for chip peers and suppliers.
- TeraWulf (WULF) — AI hosting optionality keeps momentum: Stock remains sensitive to Bitcoin and recent multi‑year AI/HPC hosting deals; notable pre‑market strength alongside crypto stabilization.
- Thomson Reuters (TRI) — Weak pre‑market ahead of Thursday earnings: Shares off ~8–9% pre‑market; company to report Q4/FY2025 on Feb 5 (8:30 a.m. ET).
- Oracle (ORCL) — $50B AI funding plan: Company outlined a 2026 plan to raise up to $50B (mix of debt/equity) to expand cloud/AI infrastructure; shares wavered on dilution/cost concerns.
Context watch: Apple’s record FQ1 results (revenue $143.8B; EPS $2.84) continue to support mega‑cap tech tone this week, while gold’s whipsaw and oil’s mid‑$60s range frame the macro cross‑currents for risk assets. apple.com
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