News Bulletin
Friday, February 06, 2026
Evening Edition
Economic Numbers:
|
Time |
Event |
Actual |
Forecast |
Previous |
|
Tuesday, January 20, 2026 |
||||
|
10:00 |
Michigan 1-Year Inflation Expectations
(Feb) |
3.50% |
|
4.00% |
|
10:00 |
Michigan Consumer Expectations (Feb) |
56.60 |
56.70 |
57.00 |
|
10:00 |
Michigan Consumer Sentiment (Feb) |
57.30 |
55.00 |
56.40 |
|
10:00 |
Michigan 5-Year Inflation Expectations
(Feb) |
3.40% |
|
3.30% |
|
10:00 |
Michigan Current Conditions (Feb) |
58.30 |
54.90 |
55.40 |
|
12:00 |
Fed Governor Jefferson Speaks |
|
|
|
|
13:00 |
U.S. Baker Hughes Oil Rig Count |
412.00 |
|
411.00 |
|
13:00 |
U.S. Baker Hughes Total Rig Count |
551.00 |
|
546.00 |
|
15:00 |
Consumer Credit (Dec) |
24.05B |
9.00B |
4.70B |
Indices
|
|
CLOSE |
50 DMA |
200 DMA |
|
DJIA |
50,115.67 |
48,616.52 |
45,573.88 |
|
NASDAQ |
23,031.21 |
23,393.03 |
21,636.67 |
|
S&P 500 |
6,932.30 |
6,885.72 |
6,469.52 |
Earnings Calendar:
(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC:
After Market Close)
|
COMPANY |
EPS Act |
EPS
Fore |
Rev
Act |
Rev
Fore |
Mkt Cap |
|
Philip Morris International PM:US |
1.7 |
1.68 |
10.4B |
10.42B |
$236.29B |
|
Ubiquiti Networks UBNT:US |
3.88 |
2.82 |
814.9M |
685.52M |
$45.92B |
|
CBOE CBOE:US |
3.06 |
2.64 |
671.1M |
607.74M |
$27.82B |
|
Biogen BIIB:US |
1.99 |
1.74 |
2.28B |
2.21B |
$21.8B |
|
Carlyle CG:US |
1.01 |
1.06 |
|
1.08B |
$21.59B |
|
Centene CNC:US |
-1.19 |
-1.19 |
49.73B |
48.27B |
$18.86B |
|
Plains All American Pipeline PAA:US |
0.4 |
0.47 |
10.57B |
13.25B |
$11.47B |
|
AutoNation AN:US |
5.08 |
4.98 |
6.9B |
7.21B |
$8.27B |
|
MarketAxess MKTX:US |
1.68 |
1.73 |
209.4M |
214.63M |
$6.48B |
|
Piper Sandler Companies PJC:US |
6.88 |
4.45 |
666.05M |
516.33M |
$6.23B |
|
Macerich MAC:US |
|
0 |
|
261.64M |
$4.18B |
|
Plains GP PAGP:US |
0.31 |
0.51 |
10.57B |
12.41B |
$3.39B |
|
Newell Brands NWL:US |
0.18 |
0.18 |
1.9B |
1.88B |
$1.83B |
|
Virtus Investment Partners VRTS:US |
6.5 |
6.77 |
208M |
198.88M |
$1.26B |
|
Under Armour UAA:US |
0.09 |
-0.01 |
1.33B |
1.31B |
$1.02B |
|
Shutterstock SSTK:US |
|
0.51 |
|
254.36M |
$652.2M |
Market News:
U.S. stocks on Friday posted their best
day since May 2025, as a sense of calm prevailed after a volatile week that saw
hefty losses in the tech sector amid a repositioning of the artificial
intelligence trade. The blue-chip Dow Jones Industrial Average scaled a
historic milestone.
The venerable gauge crossed and closed
above 50,000 points for the first time ever. The Dow advanced 2.5% to settle at
50,115.67 points.
Meanwhile, the benchmark S&P 500
index rose 1.9% to close at 6,927.09 points, its best day since May 27, 2025.
The tech-heavy NASDAQ Composite added 2.2% to end at 23,031.21 points.
"Seems like a rally based on lack
of new information in the face of a selloff of the last few days with some
names trading at more attractive valuations than they were trading at a week
ago.
Dow milestone not a ’celebration’ but a
’confirmation’
While the Dow’s feat was certainly
historic, Gina Bolvin, president of Bolvin Wealth Management, believes there could be more in
store.
"The Dow reaching 50,000 is less
about celebration and more about confirmation. Markets have adjusted to higher
rates, slower growth, and global uncertainty—and still moved higher. That tells
us confidence is real, and 2026 will be less about the Fed and more about
fundamentals," Bolvin said.
"With double-digit earnings growth
expected for the S&P 500, equity investors are likely to be rewarded—but
the path won’t be smooth. Volatility should be expected. For investors, this is
a reminder to stay intentional: lean into quality businesses with strong
earnings power and be prepared for more rotation, not straight-line
gains," she added.
Amazon sinks on hefty 2026 capex forecast
Technology stocks have suffered this
week as investors questioned the sector’s hefty investments in building out AI
capabilities. Amazon, and Alphabet earlier this week,
added to those concerns, with both Magnificent 7 members stunning investors
with hefty capital expenditure forecasts.
Amazon said it expects to spend about
$200 billion in capital expenditures in 2026, much higher than estimates of
about $146.11 billion.
Amazon’s results are the latest sign that
Big Tech will not be hitting the brakes any time soon on hefty AI investments,
with the top four hyperscalers - Amazon, Microsoft,
Google and Meta - expected to collectively spend more than $630 billion this
year.
Amazon’s AWS cloud business– which is at
the heart of its AI ambitions– saw revenue jump 24% to $35.6 billion, but
investors balked at the outsized capex figure, amid
growing uncertainty over just when the increased spending on AI will begin
yielding returns.
Amazon stock ended 5.6% lower and was
among the top percentage losers on all three major averages.
Among other notable earnings-related
moves on Friday, Stellantis (NYSE:STLA)
stock cratered 24% after the Jeep maker flagged roughly $26 billion in charges
as it pivots away from electric vehicles amid soft demand.
For internal use only