Outset Medical, Gemini Space Station, CoreWeave, and Other Major Stocks Decline in Tuesday's Pre-Market Trading
U.S. Stock Futures: U.S. stock futures are mostly lower, with S&P 500 futures down approximately 0.2% on Tuesday morning.
Outset Medical's Financial Results: Outset Medical Inc. shares fell 25.8% in pre-market trading after reporting a quarterly loss of 69 cents per share, missing analyst expectations, and lowering its FY25 sales guidance.
Other Stocks Declining: Several other companies also saw declines in pre-market trading, including Gemini Space Station Inc. (-9.7%), CoreWeave Inc. (-9.2%), and Beyond Meat Inc. (-6%).
Market Reactions: The overall market is reacting negatively to various earnings reports, with multiple stocks experiencing significant drops following disappointing financial results.
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- Market Recovery: The S&P 500 index rose by 0.05%, the Dow Jones Industrial Average by 0.10%, and the Nasdaq 100 by 0.18% on Friday, indicating a recovery after early losses, reflecting cautious optimism among investors regarding future economic prospects.
- Inflation Data Impact: The U.S. January Consumer Price Index rose by 2.4% year-over-year, below the expected 2.5%, marking the smallest increase in seven months, which may prompt the Fed to continue cutting rates, thus providing support for the stock market and alleviating concerns over rate hikes.
- Strong Software Stock Performance: Software stocks like Crowdstrike Holdings and ServiceNow rose over 4% and 3%, respectively, lifting the broader market and indicating a rebound in investor confidence in tech stocks, particularly amid rapid advancements in AI technology.
- Metal Stocks Retreat: Reports of the Trump administration's plans to narrow tariffs on steel and aluminum products led to declines in metal companies, with Century Aluminum falling over 7%, reflecting the negative impact of policy changes on the sector.
- Share Increase: Impala Asset Management disclosed a purchase of 168,805 shares of Century Aluminum in Q4 2026, valued at approximately $5.27 million, indicating strong confidence in the company's market position.
- Stake Proportion Rise: Following the purchase, Impala's stake in Century Aluminum reached 21.17%, making it the fund's largest single investment, reflecting a bullish outlook on the aluminum sector amidst current market volatility.
- Strong Financial Performance: Century Aluminum's latest earnings report revealed net sales of $632.2 million and adjusted EBITDA of $101.1 million, significantly up from the previous quarter, showcasing improvements in aluminum pricing and operational leverage.
- Outstanding Market Performance: As of February 12, 2026, Century Aluminum's stock price stood at $49.70, up 146.5% over the past year, greatly outperforming the S&P 500, highlighting its competitive edge and investment appeal in the industry.
- Chipmaker Rebound: Applied Materials (AMAT) reported Q1 adjusted EPS of $2.38, surpassing the consensus of $2.21, leading to a 10% stock price increase that helped lift the broader market, indicating strong recovery potential in tech stocks.
- Inflation Data Impact: The US January CPI rose 2.4% year-over-year, below the expected 2.5%, which may prompt the Fed to continue cutting rates, with the 10-year T-note yield falling to 4.05%, providing support for the market.
- Earnings Performance: Over two-thirds of S&P 500 companies have reported earnings, with 76% exceeding expectations, and Q4 earnings growth is projected at 8.4%, demonstrating corporate resilience and restoring market confidence.
- Market Sentiment Fluctuations: Despite the overall market rise, concerns over AI persist, putting pressure on certain stocks, particularly in tech and logistics, reflecting investor caution regarding future economic prospects.
- Market Pressure Intensifies: The S&P 500 index fell by 0.22% and the Nasdaq 100 by 0.23%, reflecting investor concerns about AI technologies potentially disrupting multiple sectors, leading to a depressed market sentiment and extending Thursday's sharp losses.
- Inflation Data Impact: The US January Consumer Price Index rose by 2.4% year-over-year, below the expected 2.5%, marking the smallest increase in seven months, which drove the 10-year Treasury yield down to a 2.25-month low of 4.05%, potentially prompting the Fed to continue cutting rates.
- Earnings Optimism: Over two-thirds of S&P 500 companies have reported earnings, with 76% exceeding expectations, and Q4 earnings growth is projected at 8.4%, marking the tenth consecutive quarter of year-over-year growth, indicating resilience in corporate earnings.
- Tech Stocks Underperform: The so-called
- Tariff Policy Shift: President Trump is considering reducing aluminum and steel tariffs, a potential policy change that has garnered significant market attention and is expected to positively impact the related industries.
- Industry Response: Following the news, aluminum and steel sector stocks rose on Friday, reflecting investor optimism regarding the potential tariff reductions, which could enhance corporate profitability.
- Market Impact: If tariffs are lowered, production costs may decrease, thereby improving the competitiveness of U.S. manufacturing, fostering economic growth, and creating job opportunities.
- Strategic Implications: This policy adjustment could not only enhance the domestic market environment but also influence international trade relations, particularly in negotiations with major aluminum and steel producing countries.
ALCOA Performance: ALCOA's stock has decreased by 3.7%, indicating a decline in its market performance.
Century Aluminum Performance: Century Aluminum's stock has seen a more significant drop of 9%, reflecting challenges in its business operations.








