S&P 500 Rebounds, Palantir Shares Up 6%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Major indices reversed two days of heavy losses - compounded by pressure in both precious metals and crypto space - with a session of strong gains on Monday, led by Consumer Staples and Industrials. The opening hour of the evening session also suggests the risk-on rebound may be durable. S&P e-minis are up 0.2%, Nasdaq 100 contract is up 0.4%, and Dow Industrials are trading flat. Earnings calendar rolling through the Tech sector on Monday still supports the AI bull case - Palantirwas up 6% afterhours after generating its best annualized growth rate on record at a whopping 7o%. Performance by reporting Semis was more mixed however, with post-earnings strength in Teradyneand a sell-off in NXP Semiconductors.In commodities, the rally in WTI Crude Oil taking the contract above $66 last week has been scaled back on Monday, pressuring the overall Energy sector to be the worst performer on the S&P 500. In evening trade, WTI is below $62 per barrel ahead of tomorrow's API inventory data. Precious metals - which saw the spec-driven bubble deflate sharply on Friday is seeing some recovery however - gold is back above $4,800 after falling below $4,500 on Monday and Silver is approaching $83 per ounce after falling to low $70s earlier in the day.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Teradyneup 23.0%Woodwardup 15.8%DaVita Inc.up 14.8%Palantirup 5.8%ALSO HIGHER -TeraWulfup 11.8% after announcing acquisition of two brownfield infrastructure sitesAESup 7.7% after takeover interest report from BloombergDOWN AFTER EARNINGS -Rambusdown 15.8%Kforcedown 10.9%Fabrinetdown 8.1%NXP Semiconductors N.V.down 5.6%ALSO LOWER -Acadia Pharmaceuticalsdown 6.1% after negative CHMP trend vote in Rett Syndrome
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Analyst Views on FN
Wall Street analysts forecast FN stock price to rise
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 527.530
Low
499.00
Averages
544.83
High
600.00
Current: 527.530
Low
499.00
Averages
544.83
High
600.00
About FN
Fabrinet is a provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, automotive components, industrial lasers, medical devices and sensors. The Company offers a range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and testing. It focuses primarily on low-volume production of a wide variety of high complexity products. It also designs and fabricates applications-specific crystals, lenses, prisms, mirrors, laser components, and substrates (customized optics) and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products (customized glass).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Performance: As of February 13, 2026, QuidelOrtho's market capitalization stood at $1.6 billion with a current price of $23.58, trailing the S&P 500 by 55.2 percentage points, highlighting competitive pressures in the market.
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See More
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- Investment Value Growth: The position's value increased by $16.2 million at quarter-end, indicating a rise in stock price and additional share purchases, suggesting the fund's optimistic view on QuidelOrtho's potential value.
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