US PRE-MARKET MOVERS: META, NVDA, PANW, CDNS, MRNA, VRSK, GPN, DINO, APLD, NYT, GLBE, WING, MCW, PLTR

Today’s pre-market movements reveal significant market influences across various sectors.

Newsquawk StaffPublished On the live feed at 9 more headlines followed before this page went public
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JPM Treasury Client Survey (W/e Feb 17th): All client net longs falls to 7 from 9, Active clients unchanged

Around 10 borrowers are preparing US IG bond sales for Wednesday, according to a Bloomberg survey

US PRE-MARKET MOVERS: META, NVDA, PANW, CDNS, MRNA, VRSK, GPN, DINO, APLD, NYT, GLBE, WING, MCW, PLTR

NY Fed Services Survey (Feb): Business activity -25.7 (prev. -16.1), Business Climate -41.7 (prev. -34.4)

US Building Permits MoM Final (Nov) M/M 4.3%

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ES +0.4%, NQ +0.6%, RTY +0.1%.

  • META -0.3%, NVDA +2.2%: META to buy millions of NVDA Vera Rubin chips.
  • PANW -6.7%: Profit guidance missed.
  • CDNS +6.8%: Q4 results beat w/ firm FY profit outlook.
  • MRNA +8.2%: FDA accepted its application to review mRNA-1010.
  • VRSK +12.1%: Adj. EPS & rev. beat.
  • GPN +11.0%: Q metrics beat w/ outlook strong; to purchase $2.5B of shares.
  • DINO -8.4%: Adj. EPS & rev. beat.
  • APLD -8.1%: NVDA dissolved its stake in the Co.
  • NYT +3%: Berkshire Hathaway initiates a stake.
  • GLBE +25.6%: Q metrics & guidance topped.
  • WING +14.0%: Profit beat.
  • MCW +16.6%: To be taken private by Leonard Green & Partners for $7.00/shr.
  • PLTR +3.0%: Upgraded at Mizuho to 'Outperform' from 'Neutral'
Context

Notably, NVIDIA's chip sale to Meta provides a bullish signal for NVDA while PANW's profit guidance miss has led to a sharp decline in its share price. Positive earnings from both CDNS and GPN indicate strong performance for those companies, while the FDA acceptance for MRNA's application appears to boost its shares significantly.

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