US PRE-MARKET MOVERS: Mag-7, RIVN, ROKU, ANET, AMAT, ABNB, VRTX, BABA, COIN, DKNG, PINS

The pre-market movements highlight a mixed bag of earnings results for several large-cap stocks.

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US PRE-MARKET MOVERS: Mag-7, RIVN, ROKU, ANET, AMAT, ABNB, VRTX, BABA, COIN, DKNG, PINS

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US BROKER MOVES: ZS upgraded at Bernstein and Barclays; PINS downgraded at multiple brokers after earnings & guidance miss

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ES -0.3% NQ -0.4% RTY -0.1%                                                                                                                                       

  • Mag-7: NVDA flat AAPL -0.3% MSFT -0.3% GOOGL -0.4% META -0.5% AMZN -0.6% TSLA -0.7%
  • RIVN +20%: Solid Q4 numbers & guided to significant increase in vehicle deliveries this year
  • ROKU +15%: EPS & rev. surpassed Wall St. consensus
  • ANET +10%: Q. metrics beat w/ stellar outlook
  • AMAT +9%: EPS, rev. topped & issued guidance well exp., supported by accelerating AI-driven investment & record segment revs.
  • ABNB +5.5%: Rev. beat w/ strong guidance for next Q & FY
  • VRTX -2%: Profit light
  • BABA -2.5%: US reportedly expected to add Cos. Incl. BABA to Pentagon list of firms allegedly aiding Chinese military
  • COIN -3%: Top line fell short
  • DKNG -18%: FY outlook disappointed as it plans heavy investment to expand into prediction markets
  • PINS -20%: EPS, rev. light & issued weaker-than-exp. guidance w/ mgmt. citing tariff-related headwinds that hit large retail advertisers & pressured rev.
Context

Rivian and Roku are seeing strong gains due to positive earnings surprises and optimistic guidance, while BABA and Pinterest are under pressure from geopolitical concerns and disappointing forecasts, respectively. The overall sentiment appears cautious, indicated by modest declines in major indices, reflecting uncertainty in response to this earnings data and macroeconomic factors.

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