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

0830 - PPI y/y for January: Expected 2.6%; Prior 3%
0830 - PPI m/m for January: Expected 0.3% Prior 0.5%
0830 - Core PPI y/y for January: Expected 3%; Prior 3.3%
0830 - PPI m/m for January: Expected 0.3% Prior 0.7%
0945 - Chicago PMI for February: Expected 52.1; Prior 54
1000 - Construction spending m/m for November: Expected 0.2%; Prior 0.7%

Netflix Inc (NFLX)

+7.44%

The company withdrew its bid for Warner Bros. Discovery after WBD’s board deemed a higher offer from Paramount Skydance a superior proposal, saying matching the price was no longer financially attractive. Co-CEOs Ted Sarandos and Greg Peters said acquiring WBD would have been beneficial at the right price but was not essential to Netflix’s strategy, while praising Warner Bros.’ brands and the sale process. Netflix also noted that it will spend roughly $20 billion in film and TV investments in 2026 and resume its share buyback program.

Block Inc (XYZ)

+18.16%

Gapping up after its Q4 2025 earnings report, during which it announced a more-than-40% workforce reduction. The cuts will take the company’s workforce from over 10,000 employees to fewer than 6,000. CEO Jack Dorsey partially attributed the layoffs to the rise of “intelligence tools” in an post on X following the announcement. Block posted adjusted earnings of $0.65 per share and sales of $6.252 billion for Q4 2025, meeting EPS estimates but missing expectations on sales.

Meta Platforms and Alphabet Inc

-0.44%

The Information reported that Meta has signed a multi-billion-dollar, multi-year deal to lease TPUs from Google to advance its AI model development. Hours before this update, The Information reported that Meta’s internal chip design plans had "hit roadblocks”. Separately, Morgan Stanley issued an analyst note on Google, addressing reports that the company is funding joint ventures to buy its Tensor Processing Units and lease them out as “TPU neoclouds”. Morgan Stanley estimates that every 1 million TPU units sold could boost Google’s 2027 earnings per share by about $0.50–$1.20, or roughly 4%–8%.

META, GOOGL

CoreWeave (CRWV)

-11.47%

Gapping up after its Q4 2025 earnings report, with adjusted losses of $0.56 per share missing estimates of a $0.50-per-share loss. Sales of $1.527 billion beat estimates of $1.548 billion, and revenue backlog by the end of the quarter reached $66.8 billion. CoreWeave guided Q1 2026 sales between $1.9 billion and $2 billion, missing estimates of $2.291 billion, though the midpoint of its $12 billion-$13 billion sales guidance for FY 2026 topped expectations of $12.087 billion.

Duolingo Inc (DUOL)

-25.24%

Gapping down after its Q4 2025 earnings report. The company posted sales of $282.868 million for the quarter, beating estimates of $275.925 million, but guided Q1 2026 sales slightly below estimates. Duolingo guided sales between $1.197 billion and $1.221 billion for FY 2026, missing estimates of $1.264 billion, and announced a $400 million share buyback program. Evercore ISI and Morgan Stanley both downgraded the stock following the report.

Dell Technologies Inc (DELL)

+12.71%

Gapping up after its Q4 2026 earnings report, with adjusted earnings of $3.89 per share and sales of $33.379 billion beating estimates of $3.53 and $31.727 billion, respectively. The company guided Q1 2027 sales between $34.7 billion and $35.7 billion, well above estimates of $29.128 billion, and its FY 2027 sales outlook of $138 billion-$142 billion similarly topped estimates of $125.539 billion; its GAAP and adjusted EPS projections also sharply exceeded expectations for both periods.

Alibaba Group Holding Ltd (BABA)

-1.54%

Securities Times reported that the company is expanding its AI assistant Qwen into hardware, launching multiple global products this year. This includes the company’s first AI glasses, to debut in Barcelona, with pre-orders starting March 2. Alibaba is also reportedly preparing to release additional AI-powered devices such as smart rings and headphones as part of its broader push into AI consumer technology.

Palantir Technologies Inc (PLTR)

-0.06%

UBS upgraded the stock to Buy with a $180 price target, citing its 35% pullback as an attractive entry point for a company benefiting from strong AI and data spending trends and exceptional enterprise demand. The bank expects rapid growth, forecasting about 70% revenue growth in 2026, a three-year revenue CAGR of roughly 54% through 2028, and stable high margins, while seeing little meaningful competitive pressure.

Marathon Digital Holdings Inc (MARA)

+15.50%

Gapping up after its Q4 2025 earnings report, during which the company announced a data center and digital infrastructure deal with Starwood Capital Group. The agreement will enable Marathon to convert some of its sites to make them capable of meeting hyperscale and AI demand, with Marathon aiming to deliver one gigawatt of IT capacity in the near term. The company posted losses of $4.52 per share and sales of $202.3 million for Q4 2025, sharply underperforming estimates for both metrics.

NuScale Power Corp (SMR)

-5.10%

The company posted loses of $0.80 per share for Q4 2025, well below estimates of a $0.13-per-share loss. Quarterly sales of $1.808 million similarly missed estimates of $8.569 million. Revenue for FY 2025 came in at $31.5 million, representing a decline from the $37 million in revenue reported for FY 2024.

Rocket Lab Corp (RKLB)

-4.74%

Trading sharply lower premarket following its Q4 2025 earnings report. Losses of $0.09 per share narrowly beat estimates of a $0.10-per-share loss, while sales of $179.652 million exceeded estimates of $178.471 million. The company guided Q1 2026 sales between $185 million and $200 million, beating estimates of $184.98 million, and announced a multi-launch deal with BlackSky Technology.

Zscaler Inc (ZS)

-11.26%

Gapping down after its Q2 2026 earnings report. Adjusted earnings of $1.01 per share and sales of $815.751 million beat estimates of $0.90 and $798.816 million, respectively. The company guided its adjusted EPS guidance for FY 2026 to $3.99-$4.02, above estimates of $3.81; its sales outlook for the year was reduced, though it still exceeds estimates of $3.296 billion. Zscaler guided Q3 2026 earnings between $1.00 and $1.01 per share and projected sales between $834 million and $836 million, beating estimates for both metrics.

Intuit Inc (INTU)

-2.65%

Trading lower premarket after its Q2 2026 earnings report. Adjusted earnings of $4.15 per share and sales of $4.651 billion beat estimates of $3.66 and $4.532 billion, respectively. The company affirmed its previously-provided adjusted EPS and sales projections for FY 2026, both of which are slightly below analyst estimates, while guiding weaker-than-expected EPS and in-line sales for Q3 2026.

SoundHound AI Inc (SOUN)

+1.56%

The company posted sales of $55.059 million for Q4 2025, above estimates of $53.991 million, with losses of $0.02 per share meeting analyst estimates. SoundHound guided sales between $225 million and $260 million for FY 2026, compared to estimates of $53.991 million.

Rocket Companies Inc (RKT)

+6.97%

Trading higher premarket after its Q4 2025 earnings report, with adjusted EPS of $0.11 and sales of $2.44 billion beating estimates of $0.09 and $2.255 billion. The company guided sales between $2.6 billion and $2.8 billion, missing estimates of $2.374 billion.