BBW News & Events

The major averages advanced as investors weighed AI enthusiasm against mounting concerns about the U.S. fiscal outlook, the long-term direction of interest rates and the situation in the Middle East. Axios reported that the U.S. and Iran have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran's nuclear program. The report noted, however, that President Trump has yet to give the proposed deal his final approval.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Snowflakereported, agreed to acquire Natoma, and expanded its Amazoncollaboration with a $6B commitment to AWSSalesforceprovided areport for Q1Caesarsby Fertitta Entertainment for $31 per share in cashBig retailers Best Buy, Kohl's, and Dollar TreeallAnthropic has raised $65B in Series H funding at a2. WALL STREET CALLS:JPMorganDick's Sportingwith Q1 supporting bull caseBaxterto Sell at CitiTrade Deskwith a Sell at Rothschild & Co RedburnDominionto Buy at Jefferies following NextEradealFirst Solarto Buy at GLJ Research3. AROUND THE WEB:Toyotahas stopped development of its Lexus next-gen EV, Nikkei Asia reportsCybersecurity company SentinelOneis preparing for layoffs and is expected to announce the cuts alongside earnings, Calcalist reportsJPMorganCEO Jamie Dimon said the bank could spend up to $20B on an acquisition in the next couple of years, CNBC reportsSamsungplans to invest about $1.5B to build a semiconductor testing plant focused on legacy chips in Vietnam, Reuters saysAustralia has launched a record $1.43B+ lawsuit against 3Mover PFAS-contaminated firefighting foam, citing extensive environmental, economic, and cultural damage tied to the "forever chemicals," Reuters reports4. MOVERS:Hormel Foodsrose afterUnusual Machines, AeroVironment, Ondas, and RedCatincreased after WSJthe Trump administration is pursuing funding deals with drone companiesAgilentwas higher afterand raising its guidance for FY26Photronicsfell after, with EPS and revenue missing consensusSidus Spacewas lower after5. EARNINGS/GUIDANCE:HP Inc.reportedand narrowed its FY26 earnings guidanceBuild-A-Bearand provided guidance for FY26Sono-Tek, with CEO Steve Harshbarger commenting, "We are greatly encouraged by our fiscal 2026 results"Seanergy Marine, with EPS and revenue beating consensusLi Auto, with EPS and revenue lower year-over-yearINDEXES:The Dow rose 24.69, or 0.049%, to 50,668.97, the Nasdaq gained 242.74, or 0.91%, to 26,917.47, and the S&P 500 advanced 43.27, or 0.58%, to 7,563.63.

The major averages were higher near noon as investors weigh AI enthusiasm alongside mounting concerns about the U.S. fiscal outlook and the long-term direction of interest rates. Additionally, Axios is reporting that the U.S. and Iran have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran's nuclear program. The report noted, however, that President Trump has yet to give the proposed deal his final approval.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Snowflakereported, agreed to acquire Natoma, and expanded its Amazoncollaboration with a $6B commitment to AWSSalesforceprovided areport for Q1Caesarsby Fertitta Entertainment for $31 per share in cashHP Inc.reportedand narrowed its FY26 earnings guidanceBig retailers Best Buy, Kohl's, and Dollar Treeall reported2. WALL STREET CALLS:JPMorganDick's Sportingwith Q1 supporting bull caseBaxterto Sell at CitiTrade Deskwith a Sell at Rothschild & Co RedburnDominionto Buy at Jefferies following NextEradealFirst Solarto Buy at GLJ Research3. AROUND THE WEB:Cybersecurity company SentinelOneis preparing for layoffs and is expected to announce the cuts alongside earnings, Calcalist reportsUnileveris investing $270M to build a new research facility in New Haven, Connecticut, slated to open in 2029, WSJ saysJPMorganCEO Jamie Dimon said the bank could spend up to $20B on an acquisition in the next couple of years, CNBC reportsSamsungplans to invest about $1.5B to build a semiconductor testing plant focused on legacy chips in Vietnam, Reuters saysAustralia has launched a record $1.43B+ lawsuit against 3Mover PFAS-contaminated firefighting foam, citing extensive environmental, economic, and cultural damage tied to the "forever chemicals," Reuters reports4. MOVERS:Hormel Foodsrises after reporting quarterly resultsUnusual Machines, AeroVironment, Ondas, and RedCatincrease afterthe Trump administration is pursuing funding deals with drone companiesAgilenthigher afterand raising its guidance for FY26Photronicsfalls after, with EPS and revenue missing consensusSidus Spacelower after filing to5. EARNINGS/GUIDANCE:Build-A-Bearand provided guidance for FY26Sono-Tek, with CEO Steve Harshbarger commenting, "We are greatly encouraged by our fiscal 2026 results"Seanergy Marinewith EPS and revenue beating consensusLi Auto, with EPS and revenue lower year-over-yearIcon, with CEO Barry Balfe commenting, "ICON demonstrated continued commercial momentum through the fourth quarter"INDEXES:Near midday, the Dow was up 0.12%, or 59.28, to 50,703.56, the Nasdaq was up 0.62%, or 166.50, to 26,841.23, and the S&P 500 was up 0.51%, or 38.07, to 7,558.43.

Stock futures are lower this morning as investors digest another wave of AI enthusiasm alongside mounting concerns about the U.S. fiscal outlook and the long-term direction of interest rates.The dominant macro story is increasingly shifting from short-term inflation toward structural concerns surrounding government debt and Treasury financing. The Congressional Budget Office updated projections this week showing U.S. deficits continuing to widen over the coming decade, and investors are becoming more sensitive to the amount of Treasury supply markets may need to absorb. That concern has contributed to upward pressure on long-duration yields even as oil prices have eased somewhat from recent highs.Investors remain heavily focused on hyperscaler spending, data-center expansion, and power-grid demand after last week's Nvidia earnings reinforced expectations for sustained AI infrastructure growth. Semiconductor names tied to AI servers, memory, networking, and cooling systems continue leading the market higher. At the same time, bond markets are sending a more cautious signal. The 10-year Treasury yield climbed back toward 4.6%, while the 30-year yield remains above 5%, reflecting investor concern that persistent deficits and strong nominal growth could keep rates elevated for years.Oil is less dominant than earlier this month, but energy markets remain sensitive to Middle East developments and shipping security around the Strait of Hormuz. Brent crude remains elevated relative to historical averages even after recent pullbacks, meaning energy prices are still contributing to inflation concerns beneath the surface.In pre-market trading, S&P 500 futures fell 0.02%, Nasdaq futures are flat and Dow futures fell 0.13%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Snowflakeup 37%Dollar Treeup 16%Kohl'sup 16%Best Buyup 10%Agilentup 10%Hormel Foodsup 6%Marvellup 4%DOWN AFTER EARNINGS -Photronicsdown 20%Burlington Storesdown 3%Build-A-Beardown 2%Salesforcedown 1%

For fiscal 2026, the company continues to expect: Net new unit growth of at least 50 experience locations through a combination of corporately-managed, partner-operated, and franchise business models; Commercial revenue growth of at least 20%; Capital expenditures of $22M-$25M; Depreciation and amortization to approximate $16M; Income tax rate to approximate 24%, excluding discrete items.