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Warmer Forecasts Pressure Natural Gas Futures, Energy Stocks Dip
U.S. natural gas futures tumbled over 6% Monday as milder weather projections reduced heating demand expectations. Key producers like EQT traded lower ahead of Thursday's storage data.
Robinhood Shares Surge on Wolfe Research Upgrade Ahead of Earnings
Robinhood Markets stock gained 5.7% to $87.51 after Wolfe Research upgraded the brokerage to Outperform with a $125 target, citing improved earnings power and growth in prediction markets ahead of Tuesday's quarterly results.
Intuitive Machines Stock Soars 13% Amid Heavy Trading and High Short Interest
Shares of Intuitive Machines surged 13% to $19.75 in early trading Monday, with volume exceeding 44 million shares. High short interest of 25% continues to fuel volatility as investors await NASA milestones and March earnings.
Lumentum Surges 7% on AI Optics Demand, Convertible Debt Risk in Focus
Lumentum shares climbed over 7% Monday, extending gains on strong AI data-center optics forecasts. A recent filing highlighted liquidity risks if convertible note holders exercise early conversion rights amid the stock rally.
Apollo Nears $3.4B AI Chip Lease for xAI as Alphabet Plans $15B Bond for Infrastructure
Apollo Global Management is finalizing a $3.4 billion loan to acquire Nvidia processors for leasing to Elon Musk's xAI, while Alphabet considers a $15 billion bond sale to fund AI infrastructure. Investors are watching whether custom chips from Broadcom and Google can challenge Nvidia's dominance.
Coinbase Gains Despite Nevada Legal Setback, Eyes on Earnings
Coinbase shares edged higher as a federal judge dismissed its bid to block Nevada enforcement over event contracts. The crypto exchange's quarterly results, due Thursday, are seen as a key market catalyst.
Nexstar Shares Surge on Political Support for Tegna Acquisition Amid FCC Rule Review
Nexstar Media Group stock jumped 14.3% after former President Trump and FCC Chairman Carr endorsed its Tegna takeover. A Senate hearing on broadcast ownership rules is set for February 10.
Walmart Shares Dip Slightly as Analysts Boost Targets Ahead of Q4 Report
Walmart stock edged lower Monday despite several Wall Street firms raising price targets ahead of its February 19 earnings release. The retailer recently achieved a $1 trillion market valuation.
Microsoft Shares Gain Amid Software Sector Volatility Ahead of Key Economic Data
Microsoft stock rose 1.4% in early trading as investors assessed strong cloud growth against broader software sector pressures. Markets await U.S. jobs and inflation reports this week.
Netflix Shares Drop as DOJ Scrutinizes Warner Bros Acquisition
Netflix stock declined over 2% after the Department of Justice issued a civil subpoena related to its proposed Warner Bros deal, raising regulatory uncertainty.
Intel Shares Dip as Chip Rivals Gain Ahead of Delayed Economic Data
Intel stock fell 1.1% to $50.04, underperforming Nvidia and AMD, which each rose about 3%. Investors are awaiting postponed U.S. jobs and inflation reports.