^{_{Welcome to the TraderTV Live Morning Research Note. Here's what's making major moves in the market today.}}

0830 - Balance of trade for December: Expected -$55.5B; Prior -$56.8B
0830 - Initial jobless claims: Expected 225k; Prior 227k
0830 - Fed’s Bowman speaks
0830 - Philly Fed manufacturing index for February: Expected 7.5; Prior 12.6
0900 - Fed’s Kashkari speaks
1000 - Pending homes sales m/m for January: Expected 2%; Prior -9.3%

Walmart Inc (WMT)

-1.99%

The company posted adjusted earnings of $0.74 per share and sales of $190.7 billion, narrowly beating estimates of $0.73 and $190.425 billion, respectively. Revenue grew by 5.6% year-over-year, with global e-commerce sales growing by 24% and the global ad business improving by 37%. Walmart announced a 5.3% increase to its quarterly dividend and shared that its board has authorized a new share repurchase program valued at $30 billion.

Figma Inc (FIG)

+11.86%

Gapping up after its Q4 2025 earnings report, with adjusted earnings of $0.08 per share and sales of $303.776 million beating estimates of $0.07 and $293.151 million, respectively. The company guided FY 2026 sales between $1.366 billion and $1.374 billion, above estimates of $1.287 billion. Figma’s Q1 2026 sales outlook of $315 million-$317 million similarly beat estimates of $291.9 million.

Palantir Technologies Inc (PLTR)

-0.97%

Trading lower premarket after BofA removed the stock from its US1 Conviction List while maintaining a Buy rating. BofA describes the US1 Conviction list as a look at the firm’s “best investment ideas that are drawn from the universe of Buy-rated, US-listed stocks”. Separately, Michael Burry criticized the company after its annual filing showed CEO Alex Karp’s private jet expenses jumped 123% to $17.2 million in 2025, raising concerns about corporate governance and executive perks since the aircraft is owned by Karp himself.

Etsy Inc (ETSY)

+21.23%

Gapping up after selling Depop to eBay in a cash deal valued at roughly $1.2 billion. The sale, which was announced during eBay’s earnings report, was praised by Etsy CEO Kruti Patel Goyal as an opportunity for Etsy to refocus on its core business. Additionally, Etsy posted Q4 2025 earnings before the bell on Thursday; earnings of $0.92 per share beat estimates of $0.85, but sales of $881.636 million missed estimates of $884.902 million.

Carvana Co (CVNA)

-14.67%

Gapping down after its Q4 2025 earnings report. The company posted EPS of $4.22, which may not be comparable to estimates, and reported sales of $5.603 billion, which exceeded estimates of $5.257 billion. Revenue grew by 58% year-over-year, while vehicle sales increased by 43%. CEO Ernie Garcia III said that the company remains “firmly on track” to reach its goal of selling three million units a year with an adjusted EBITDA margin of 13.5% in the next five to ten years.

Hims & Hers Health Inc (HIMS)

+7.01%

Gapping up after announcing an agreement to acquire Eucalyptus in an effort to expand its global reach, scale infrastructure, and deliver more personalized healthcare services to millions of users worldwide. The deal will help Hims & Hers grow beyond the US, enabling expansion into Australia and Japan while strengthening its presence in the UK, Germany, and Canada.

Microsoft Corp (MSFT)

+0.58%

Trading marginally higher premarket following the disclosure of an insider share purchase. Director John W. Stanton disclosed a 5,000-share purchase of Microsoft stock for $397.35 per share, valuing his purchase at $1.98 million.

Oil Stocks

+1.21%

Trading higher as a group amid growing concerns of escalating tensions between the US and Iran. Despite recent talks between the countries, participants still fear the possibility of a new conflict and resulting supply concerns. Additionally, Occidental is trading sharply higher premarket after its Q4 2025 earnings report, with adjusted earnings of $0.31 per share outpacing estimates of $0.18.

OXY, CVX, MPC, DVN

Wayfair Inc (W)

-10.14%

Gapping down after its Q4 2025 earnings report. Adjusted earnings of $0.85 per share and sales of $3.337 billion beat estimates of $0.66 and $3.301 billion, respectively. Revenue grew by 6.9% year-over-year, with US net revenue expanding by 7.4% and international revenue growing by 3.7%. Wayfair reported FY 2025 net revenue of $12.5 billion, representing 5.1% year-over-year growth.

Meta Platforms Inc (META)

-0.61%

The Information reported that the company plans to launch its first smartwatch later this year, reviving its “Malibu 2” project with features including health tracking and a built-in AI assistant. The effort marks a renewed push into wearable devices after the company previously shelved its smartwatch plans in 2022 amid broader spending cuts. Separately, CEO Mark Zuckerberg said he discussed youth social media safety with Apple CEO Tim Cook as revealed during a Los Angeles trial examining alleged harms from Meta Platforms’ platforms. Zuckerberg also defended decisions on beauty filters and emphasized free expression during his testimony.

Tesla Inc (TSLA)

-0.61%

The company received a waiver from the Federal Communications Commission allowing it to use ultra-wideband radio technology in an outdoor wireless charging system for its upcoming Cybercab, removing key regulatory barriers. The approval supports Tesla’s push toward commercial production of the autonomous vehicle—recently built at Gigafactory Texas—with broader production targeted before a planned 2027 launch.

Big Tech

-0.43%

On watch as a group after Bloomberg reported that OpenAI is nearing the first phase of a funding round expected to raise over $100 billion, with backing from Amazon, SoftBank, Nvidia, and Microsoft. The massive funding, aimed at supporting trillions in infrastructure spending, could push OpenAI’s valuation above $850 billion, exceeding earlier estimates of $830 billion.

GOOGL, NVDA, AMZN, AAPL

Blue Owl Capital Inc (OWL)

-4.47%

Trading sharply lower premarket after announcing plans to sell $1.4 billion in assets from three credit funds to return capital to investors and reduce debt, receiving about 99.7% of the loans’ original value despite pressure on direct lending and software investments. Co-president Craig Packer said the strong pricing signals confidence in the firm’s portfolio quality amid heightened investor scrutiny.

DoorDash Inc (DASH)

+9.65%

Gapping up after its Q4 2025 earnings report. The company posted earnings of $0.48 per share and sales of $3.995 billion, missing estimates of $0.60 and $3.993 billion, respectively. Revenue grew by 38% year-over-year, with total orders growing by 32% and marketplace GOV expanding by 39%. DoorDash guided marketplace GOV between $31 billion and $31.8 billion for Q1 2026.

Lemonade Inc (LMND)

+12.58%

Gapping up after its Q4 2025 earnings report. Losses of $0.29 per share were narrower than the estimated loss of $0.41, while sales of $228.1 million beat estimates of $215.84 million. Lemonade guided FY 2026 sales between $1.187 billion and $1.192 billion, above estimates of $1.158 billion; its Q1 2026 sales outlook of $246 million-$251 million similarly beat estimates of $241.822 million.