Happy Tuesday afternoon to everyone on The Street. Here's a snapshot of where markets ended the trading session, plus tomorrow's trade idea delivered to you today.
🟩 | US stocks ticked up today, just enough to bring the S&P 500 to a new record close, heading into the retail portion of the earnings season.
📈 | One Notable Gainer: Shares of Intel (INTC) soared 16% on a WSJ report that Broadcom and TSMC are each considering buying a different part of the chipmaker’s business, which could effectively split it in two.
📉 | One Notable Decliner: Cheerios-maker General Mills’ (GIS) slumped 2% to a 52-week low after its CAGNY presentation went over like sour milk.
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S&P 500 Heatmap. Credit: Finviz
All Stock Heatmap. Credit: Finviz
Global ADR snapshot. Credit: Finviz
MARKET MOVERS
Super Micro, Conagra Brands, Walgreens
SMCI (+16.5%) Super Micro ‘confident’ it will meet SEC deadline and reach $40 billion next fiscal year (CNBC)
CAG (-5.5%) Conagra’s stock falls as factory upgrade and inflation weigh on profit view (MarketWatch)
WBA (+14%) Walgreens Gains After CNBC Says Sycamore Takeout Is ‘Alive’ (Bloomberg)
UNH (-4.4%) UnitedHealth Group resists shareholder proposal on delayed and denied care (The Guardian)
NKE (+6.2%) Nike and Kim Kardashian to Launch ‘NikeSkims’ Brand in the Spring (NYT)
OVERHEARD ON THE STREET
CNBC: The Trump administration will maintain the strict corporate merger review guidelines established under the Biden administration.
WSJ: A Delta jet crashed while landing in Toronto, injuring 21 of the 80 passengers and crew on board, though all were accounted for.
CNN: Elon Musk's xAI launched the updated Grok 3 AI model, claiming it outperforms ChatGPT and DeepSeek in some capabilities.
The Independent: Coca-Cola is launching Simply Pop, a new prebiotic soda brand, to compete with Olipop and Poppi.
Reuters: New SEC policies shift power from investors to corporate boards, which could hinder investor-driven reforms on climate policy and director contests.
TOMORROW’S TRADE IDEA, TODAY
Ending Earnings Season With a Bang
Tis the Season
The Q1 earnings season is still going strong — and Morgan Stanley (MS) believes investors should strike while the iron’s hot.
Specifically, it released a list of overweight stocks to buy before the season ends. Among them was a familiar name: NVIDIA (NVDA). Despite — or perhaps due to — headwinds related to China’s cheap AI model DeepSeek, the bank believes the chipmaking giant could still be a buy ahead of its earnings on Feb. 26.
But it also highlighted some lesser-known names to watch as the season nears a close.
EQT
When it comes to hydrocarbon exploration company EQT (EQT), analyst Devin McDermott recommends investors buy any dip they can find.
According to McDermott, the stock’s recent volatility is largely due to concerns around DeepSeek. But that’s a longer-term concern, he argues. And, as power consumption continues to rise, LNG providers such as EQT are primed for near-term growth.
EQT’s next earnings call is scheduled for 11AM ET tomorrow.
Tuya
Chinese AI service provider Tuya (TUYA) has exploded in 2025, up nearly 70% YTD. But Morgan Stanley believes it still has a lot of growth in its future.
Analyst Yang Liu said Tuya’s revenue is likely to continue growing and the company’s share price does not accurately reflect its strong fundamentals. Liu recently lifted her price target, as she expects top-line growth to continue thanks to strong overseas demand and market share gains.
Tuya will report before the bell on Feb. 25.
Which stock do you think will outperform in 2025?
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ON OUR RADAR
CNBC: A judge has ordered Eric Adams and DOJ prosecutors to appear in court to explain the DOJ's request to dismiss criminal charges against the NYC mayor.
WSJ: US and Russian officials met in Saudi Arabia without Ukraine representatives to discuss a resolution to the Ukraine war.
Reuters: A judge is weighing whether to accept Johnson & Johnson’s $10B settlement and resolve thousands of lawsuits linking baby powder to cancer.
AP: Brazil will join OPEC+, marking its rise as a major oil state ahead of hosting the UN climate summit.
BI: After Mark Zuckerberg labeled them "low performers," laid-off Meta employees took to LinkedIn to fight back against the assessment.
MONDAY’S POLL RESULTS
Are you bullish or bearish on Align Technology (ALGN) over the next 12 months?
🟩🟩🟩🟩🟩🟩 🐂 Bullish
🟨🟨🟨🟨🟨⬜ 🐻 Bearish
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