Nasdaq Futures Slightly Down as Nvidia Shares Rise on Export Approval
Stock futures are mostly flat this morning as traders brace for the outcome of the Federal Reserve's upcoming rate decision. Sentiment remains cautious after recent volatility in global bonds and a sharp yield spike. Many investors have parked money in safer, liquid assets as money-market funds saw a significant inflow.At the same time, there are pockets of optimism. Shares of Nvidia are on the rise as markets cheered news that its H200 AI chips got approval for exports to China, helping fuel modest gains in chip and semiconductor peers as well.With the Fed meeting just ahead, many traders seem to be in "wait-and-see" mode. Volatility could emerge sharply depending on the tone of the decision and forward guidance.In pre-market trading, S&P 500 futures fell 0.04%, Nasdaq futures fell 0.14% and Dow futures fell 0.03%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -CVS Healthup 3% after raising its FY25 outlook and initiating FY26 guidance ahead of its investor dayNvidiaup 1% after President Trump said on social media that the U.S. will allow the company to ship its H200 artificial intelligence chips to "approved customers" in China and elsewhereUP AFTER EARNINGS -Designer Brandsup 14%Cognyteup 7%Core & Mainup 6%DOWN AFTER EARNINGS -Ollie's Bargain Outletdown 5%Fergusondown 2%AutoZonedown 2%LOWER -GeoParkdown 12% after Parex Resourcesannounced that it has halted discussions with the company regarding the acquisition of GeoPark by ParexSLMdown 12% after presenting an updated medium-term outlook at its investor forumHome Depotdown 2% after reaffirming its FY25 guidance and providing a FY26 outlook ahead of its investor conference
Trade with 70% Backtested Accuracy
Analyst Views on CVS
About CVS
About the author

- Launch of TrumpRx Program: President Trump officially launched the TrumpRx program on Thursday, with CVS's network of approximately 9,000 pharmacies now accepting the discount cards, aimed at reducing prescription drug costs for consumers and enhancing market competitiveness.
- Discounted Drug Range: Initially, discounts are available for 43 drugs from five pharmaceutical companies, including AstraZeneca, Eli Lilly, EMD Serono, Novo Nordisk, and Pfizer, which is expected to attract more consumers to utilize CVS's services.
- Convenient Access Methods: Consumers can either search for drug prices on TrumpRx.gov and complete transactions or use coupon cards at participating pharmacies, streamlining the purchasing process and enhancing user experience.
- CVS and Novo Nordisk Partnership: CVS also serves as a retail pharmacy partner for Novo Nordisk's NovoCare Pharmacy, further solidifying its position in the prescription drug market and providing patients with more options.
- Earnings Release Date: CVS Health is set to report its latest earnings pre-market on February 10, and while market focus on its 2026 guidance may impact stock price, the company has consistently exceeded earnings expectations over the past four quarters, indicating resilience in profitability.
- Medicare Payment Impact: Following the latest Medicare Advantage payment news, CVS shares have fallen over 14%, which could negatively affect investor sentiment post-earnings, particularly regarding updates to the 2026 guidance.
- Earnings Expectation Shift: Analysts forecast CVS's non-GAAP earnings for Q4 2025 at $0.99 per share, a decline from $1.19 in Q4 2024; however, expectations for a potential earnings beat remain, which could lead to a stock rebound.
- Long-Term Growth Potential: Despite pressures from Medicare payment rates, CVS's retail pharmacy and pharmacy benefits management units generate a larger share of revenue, maintaining a positive long-term growth outlook, especially when compared to UnitedHealth's valuation, which presents a more attractive investment opportunity.
- Earnings Preview: CVS Health is set to release its quarterly results on February 10, with consensus expecting non-GAAP earnings of $0.99 per share, reflecting a decline from $1.19 in Q4 2024; however, optimism remains regarding potential earnings beats.
- Medicare Policy Impact: Investors will closely monitor updates to CVS's 2026 guidance, particularly the implications of the recently proposed Medicare Advantage payment rates, especially after CVS shares fell over 14% due to this news.
- Market Reaction Expectations: Despite significant volatility following the Medicare news, analysts suggest that if CVS delivers
- Earnings Progress: As of February 6, 23 healthcare companies reported earnings, bringing the sector's overall reporting progress to 38%, indicating stability in industry performance and heightened investor interest.
- Pfizer Earnings Highlight: Pfizer (PFE) posted a strong Q4 with revenue of $17.6 billion, exceeding expectations; however, its shares fell due to projected revenue contraction in 2026, reflecting market concerns about future growth.
- AbbVie Outperformance: AbbVie (ABBV) reported revenue of $16.62 billion and earnings per share of $2.71, surpassing Wall Street forecasts, driven by strong performance from its flagship product Humira, with a projected total sales growth of 9.5% for the year, boosting market confidence.
- Merck's Dismal Outlook: Merck (MERK) reported a solid Q4 with revenue of $16.4 billion and EPS of $2.04, both beating expectations; however, its 2026 outlook fell short of Wall Street estimates, leading to a decline in share price and reflecting cautious market sentiment regarding future growth.

Geopolitical Concerns Among Wealthy Families: A report from J.P. Morgan Private Bank reveals that 20% of wealthy single-family offices identify geopolitics as their primary concern.
International vs. U.S. Perspectives: The report highlights that 74% of non-U.S. families and 57% of U.S. families consider geopolitics to be among their top five concerns.
- Layoff Announcement: Aetna CVS Health issued a WARN notice indicating plans to lay off 313 employees in Hartford, Connecticut, between April and July 2026, with only 17 being local residents, highlighting operational adjustments in the Small Group business segment.
- Layoff Context: This reduction is part of CVS Health's broader $2 billion cost-cutting initiative announced in 2024, aiming to streamline operations by eliminating 2,900 roles, reflecting the company's strategic response to market dynamics.
- Retail Business Contraction: In 2024, CVS Health closed 299 stores and plans to close an additional 271 in 2025, indicating a strategic shift towards reducing physical retail density in response to consumer trends favoring digital purchases.
- Market Performance Recovery: Despite the challenges of layoffs and restructuring, CVS Health's stock rose 2.8% on February 6, 2026, marking a 5% gain over the week, demonstrating market confidence in its long-term strategy.










