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NEWS
Stocks Stick The Landing

Source: Tenor.com

It was another macro-heavy day in the markets, with Trump planning to speak with China’s Xi Jinping, then calling it off and saying “he’s not in a rush to meet.” Meanwhile, tech earnings took center stage, with names like PayPal, Google, Snap, and more reporting today. And finally, this week is full of labor market data, which analysts are closely monitoring for clues about the Fed’s next move. 👀

Today’s issue covers the biggest tech earnings results, the December JOLTs report’s impact on Fed policy, and many other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 6 of 11 sectors closed green, with energy (+2.10%) leading and utilities (-0.88%) lagging.

Source: Finviz.com

And here are the closing prices: 

EARNINGS
Tech Earnings Take Center Stage 🤖 

It was a busy day of after-hours results, so let’s recap the biggest tech movers.

Google parent company Alphabet shed 8% after its fourth-quarter revenues missed expectations, driven by weakness in its Google Cloud and Traffic Acquisition Costs (TAC) segments. The company plans to invest $75 billion during 2025 to expand on its AI strategy, roughly $16 billion more than Wall Street expected.

Despite the dip, Stocktwits sentiment remains in ‘extremely bullish’ territory. 🛒 

Advanced Micro Devices fell 9% despite its earnings and revenue topping estimates. However, a revenue miss in its key data center segment sent shares spiraling. Despite 69% YoY growth, $3.86 billion in data center sales were well below the $4.14 billion anticipated by analysts. Analysts are concerned its gap with Nvidia is widening.

Stocktwits sentiment remains in ‘extremely bullish’ territory, with retail seeing this move as an overreaction. 🐂 

Snap, Inc. jumped 6% after its earnings, revenue, daily active users, and average revenue per user all topped estimates. Operational improvements and a stronger ad market supported the company’s results. Additionally, its Snapchat+ service gained 2 million subscribers in Q4 and revenue grew 131% YoY in 2024.

Stocktwits sentiment remains in ‘extremely bullish’ territory for the stock, but investors and traders are looking for shares to break out of their recent range to show that today’s news could be the start of a larger move. 🤳 

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ECONOMY
Labor Market Cooling Continues 📊 

The December JOLTs report signaled that job openings fell to 7.6 million, pushing the ratio of open jobs to available workers down from 1.1 to 1.0. However, total separations remained essentially unchanged for yet another month.

Analysts use this report as a leading indicator for the labor market, and right now, it shows cooling but not broad-based weakness. The ratio of job openings to available workers has fallen from a peak of 2 during the pandemic down to 1, signaling an improving balance between the supply and demand of labor. 🧑‍💼 

Still, total separations remaining unchanged show that companies are not laying people off, either. During the pandemic, companies learned the pains of being both understaffed and overstaffed, so they’re retaining enough workers to maintain their existing operations and growth but not aggressively hiring.

As a result of these conditions, we’ve had a “goldilocks” environment in which the labor market is tight enough to support wage growth that exceeds inflation but not so tight that it restricts economic growth. 🙂 

However, this report’s data and a steady rise in continuous jobless claims suggest that it’s harder for out-of-work people to find jobs. Economists are watching closely to see if separations and jobless claims tick up more aggressively, as that will signal a less healthy deterioration in labor market conditions is taking place.

For now, though, this report is enough to keep second—or third-quarter rate cut hopes alive. If inflation and employment stay stable, the Fed will likely continue to cut at its gradual pace of 50bps in 2025 and another 50bps in 2026. ⏯️ 

STOCKS
Other Noteworthy Pops & Drops 📋️ 

Grab Holdings ($GRAB +12%): The “Uber” of Southeast Asia jumped after a report by DealStreetAsia signaled a potential merger with rival GoTo Group.

Ferrari ($RACE +7%): The stock had its best gain in over a year after reporting better-than-expected earnings and revenue.

Synaptics ($SYNA -13%): The computer-to-human interface device development company announced weak preliminary second-quarter results and a CEO change.

PayPal ($PYPL -13%): The payment company’s earnings and revenue topped estimates, but concerns about total payment volume (TPV) weighed on sentiment.

Spotify ($SPOT +13%): Shares hit a new all-time high after fourth-quarter earnings and revenue topping estimates, driven by record margins and active users.

Quantum BioPharma ($QNTM +107%): The company announced the completion of a double-blind, randomized, placebo-controlled clinical trial evaluating its dietary supplement, Unbuzzd, for alcohol metabolism.

BlackSky Technology ($BKSY +17%): The space intelligence company won a multi-year contract from geospatial intelligence fusion company EMDYN.

Rambus ($RMBS +7%): The chip interface technology company received several price target hikes following upbeat fourth-quarter results.

Fox ($FOXA +6%): The news, sports, and entertainment company’s second-quarter results topped estimates, also announcing a new sports streaming service.

Sirius XM Holdings ($SIRI +3%): Berkshire Hathaway disclosed that it purchased 2.31 million more shares, bringing its stake to 119.78 million shares (35.30% stake).

Merck ($MRK -10%): Shares fell the most since June 2008 after a weak 2025 outlook overshadowed its upbeat fourth-quarter earnings and revenue.

RBC Bearings ($RBC +3%): Morgan Stanley raised its price target from $360 to $390, keeping an ‘Overweight’ rating. Analysts cited strong management execution.

Cummins ($CMI +4%): The power solutions provider’s fourth-quarter earnings and revenue topped estimates, even as sales fell 1.1% YoY.

Amcor PLC ($AMCR +5%): The packaging giant reaffirmed 2025 guidance despite a revenue and profit decline during its second quarter.

Fabrinet ($FN -8%): Barclays lowered their price target on the stock from $292 to $245, keeping an ‘Equal Weight’ rating. It cited muted third-quarter guidance.

PRESENTED BY STOCKTWITS
“Trends With Friends” Dives Into Storytelling ✍️ 

Howard, Phil, and Michael are joined by Mike and Kass Lazerow, founders and authors of “Shoveling $h!t: A Love Story.” Today’s discussion focused on storytelling in business, AI’s impact on growth, and the hard truths of entrepreneurship.

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: ADP Employment Change (8:15 am ET), Balance Of Trade (8:30 am ET), Fed Barkin Speech (9:00 am ET), S&P Global Composite PMI (9:45 am ET), ISM Services PMI (10:00 am ET), EIA Energy Inventories (10:30 am ET), Fed Goolsbee Speech (11:00 pm ET), Fed Bowman Speech (3:00 pm ET), Fed Jefferson Speech (7:30 pm ET). 📊

Pre-Market Earnings: Disney ($DIS), Aurora Cannabis ($ACB), Uber Technologies ($UBER), Novo Nordisk ($NVO), Boston Scientific ($BSX), Toyota Motor ($TM). 🛏️

After-Hour Earnings: ARM Holdings ($ARM), Qualcomm ($QCOM), MicroStrategy ($MSTR), Viking Therapeutics ($VKTX), Digital Turbine ($APPS), Skyworks Solutions ($SWKS), Align Technology ($ALGN), Symbotic ($SYM), Ford ($F). 🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

Links That Don’t Suck 🌐

🛏️ Tempur Sealy set to acquire Mattress Firm

💄 Estée Lauder ramps up job cuts as warns on tariffs

🏈 Robinhood suspends ‘Pro Football Championship’ event contracts

🧇 Waffle House announces $0.50 surcharge on eggs because of bird flu

📺️ Fox reveals plans to launch subscription streaming service this year

🤖 SoftBank-backed billionaire to invest $230M in Indian AI startup Krutrim

✂️ Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations

🏢 Trump and Musk demand termination of federal office leases through General Services Administration

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