US PRE-MARKET MOVERS: Mag-7, MU/SNDK/STX/WDC, EQIX, MSI, MCD, CSCO, TYL, APP
The pre-market movers indicate mixed earnings responses, with significant upside for semiconductors like Micron and Kioxia, driven by a boost in NAND flash prices due to strong AI demand.
US Initial Jobless Claims (Feb/07) 227K vs. Exp. 222K (Prev. 232K, Rev. From 231K, Low. 210K, High. 235K)
White House Trade Adviser Navarro says US President Trump wants JPMorgan (JPM) CEO Dimon to reduce credit card rates
US PRE-MARKET MOVERS: Mag-7, MU/SNDK/STX/WDC, EQIX, MSI, MCD, CSCO, TYL, APP
Albemarle (ALB) CEO forecasts 2026 global lithium demand to reach 1.8-2.2mln metric tonnes (prev. 1.6mln)
Around three companies are considering sales of US IG bonds Thursday, according to a Bloomberg survey
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ES +0.2% NQ +0.2% RTY +0.6%
- Mag-7: NVDA +1% GOOGL +0.4% MSFT +0.3% TSLA +0.3% META +0.3% AMZN flat AAPL -0.6%
- iPhone sees China growth in January
- Kioxia’s issues stellar outlook, reflecting a surge in NAND flash memory prices & strong demand for the data storage needed for AI; MU +4% SNDK +6.6% STX +3% WDC +3.5%
- EQIX +11%: Strong next Q & FY view
- MSI +5%: EPS & rev. topped w/ stronger than exp. FY outlook
- MCD +0.7%: EPS, rev. & comp. sales all impressed
- CSCO -7%: Issued guidance that only met exp., disappointing traders, despite reporting better-than-anticipated Q results
- TYL -7%: Top & bottom line light as was FY rev. midpoint guide
- APP -7.5%: Results impressed but desks note fell shy of buy side estimates
Conversely, Cisco and Tyler Technologies disappointed with lackluster guidance, contributing to notable pre-market declines for their stocks. Overall, the mixed results highlight a selective market sentiment where AI and data storage sectors show robust growth, while traditional players face scrutiny over future projections.
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