HMC News & Events

The major averages closed broadly higher in a bounce-back from yesterday's declines, though sentiment remains fragile with tariff worries and AI-related risk aversion still front and center. Investors continue to digest more and more AI news - including AMD's newest GPU partnership with Meta as well as Anthropic's latest partnerships with companies like Intuit and DocuSign - while staying alert for any market-moving news coming out of tonight's State of the Union address.Looking to commodities, gold dipped following yesterday's sharp gains as the "safe haven" asset continues seesawing in value. Oil prices were mostly flat ahead of API crude data set for release this afternoon.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Home Depotreported, provided its outlook for FY26, and increased its quarterly dividendAMDand Metaannounced anto deploy 6-gigawatts of AMD GPUsBed Bath & Beyondreportedand provided FY26 revenue guidanceIntuitand Anthropic announced aWarner Bros. Discoveryreceived afrom Paramount2. WALL STREET CALLS:Qualcommto Buy at Loop Capital and to Equal Weight at Wells FargoMorgan StanleyBooking, says "just as important in agentic world"Comcastto Underperform at BNP Paribas on fiber headwindsBarclaysGossamer Bioto Underweight from OverweightHims & Hersto Neutral at BTIG after "disappointing" Q4 report3. AROUND THE WEB:Unityis working with an adviser on a potential sale of its China business, Bloomberg reportsOmnicomis planning to eliminate an additional 94 roles in the U.S. starting March 1, which comes following its $13B November acquisition of Interpublic Group and 4,000 related redundancies, Adweek saysIrenic Capital Management, holding roughly a 2% stake in Ralliant, is urging the precision technology company to accelerate stock buybacks, reduce costs, and increase focus on its defense and electronics business, according to sources familiar with the private discussions, Reuters reportsHondahas suspended operations at its facility in Guadalajara, Mexico, while employees at other manufacturers work from home, after a wave of violence was unleashed by the killing of one of the country's most wanted cartel leaders, FT saysJPMorganChase CEO Jamie Dimon said fears of AI are overblown, noting the company will use the technology to its advantage, WSJ reports4. MOVERS:Larimar Therapeuticsadvanced after the FDA grantedto nomlabofuspPayPal (PYPL) rose after Bloomberg reported that Stripe isof all or part of the companyClarivateand Vir Biotechnologyclosed higher afterShoals Technologyfell afterand entering an agreement with ON.energyXometrydeclined afterand appointing a new CEO5. EARNINGS/GUIDANCE:Chewybacked itsPlayboyreported, with CEO Ben Kohn commenting, "Our preliminary fourth quarter results demonstrate the significant progress we have made executing our strategic transformation"NRG Energy, with EPS and revenue beating consensusHarmony Biosciencesand backed its guidance for FY26FISand provided guidance for Q1 and FY26INDEXES:The Dow rose 370.44, or 0.76%, to 49,174.50, the Nasdaq gained 236.41, or 1.04%, to 22,863.68, and the S&P 500 advanced 52.32, or 0.77%, to 6,890.07.

The major averages were broadly higher near noon in a bounce-back from yesterday's declines, though sentiment remains fragile with tariff worries and AI-related risk aversion still front and center. Investors continue to digest more and more AI news, including AMD's newest GPU partnership with Meta as well as Anthropic's latest partnerships with companies like Intuit and DocuSign. Big corporate earnings reports are still spilling in as well, particularly from home retailers.Looking to commodities, gold dipped following yesterday's sharp gains as the "safe haven" asset continues seesawing in value. Oil prices were lower near noon ahead of API crude data set for release this afternoon.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Home Depotreported, provided its outlook for FY26, and increased its quarterly dividendAMDand Metaannounced an expanded partnership to deployBed Bath & Beyondreportedand provided FY26 revenue guidanceIntuitand Anthropic announced aWarner Bros. Discoveryreceived afrom Paramount2. WALL STREET CALLS:Qualcommto Buy at Loop Capital and to Equal Weight at Wells FargoMorgan StanleyBooking, says "just as important in agentic world"Comcastto Underperform at BNP Paribas on fiber headwindsBarclaysGossamer Bioto Underweight from OverweightHims & Hersto Neutral at BTIG after "disappointing" Q4 report3. AROUND THE WEB:Omnicomis planning to eliminate an additional 94 roles in the U.S. starting March 1, which comes following its $13B November acquisition of Interpublic Group and 4,000 related redundancies, Adweek saysIrenic Capital Management, holding roughly a 2% stake in Ralliant, is urging the precision technology company to accelerate stock buybacks, reduce costs, and increase focus on its defense and electronics business, according to sources familiar with the private discussions, Reuters reportsHondahas suspended operations at its facility in Guadalajara, Mexico, while employees at other manufacturers work from home, after a wave of violence was unleashed by the killing of one of the country's most wanted cartel leaders, FT saysGlencorehas agreed to purchase 2,000 metric tons of cobalt worth about $115M from Rami Weisfisch, Reuters saysJPMorganChase CEO Jamie Dimon said fears of AI are overblown, noting the company will use the technology to its advantage, WSJ reports4. MOVERS:Larimar Therapeuticsincreases after the FDA grantedto nomlabofuspIovance Biotherapeuticsgains after announcing results from its trial for TIL cell therapy andClarivateand Vir Biotechnologyhigher in New York afterShoals Technologyfalls afterand entering an agreement with ON.energyXometrylower afterand appointing Sahni as CEO5. EARNINGS/GUIDANCEChewyfor FY25Playboy, with CEO Ben Kohn commenting, "Our preliminary fourth quarter results demonstrate the significant progress we have made executing our strategic transformation"NRG Energy, with EPS and revenue beating consensusHarmony Biosciencesand backed its guidance for FY26FISand provided guidance for Q1 and FY26INDEXES:Near midday, the Dow was up 0.65%, or 316.39, to 49,120.45, the Nasdaq was up 0.88%, or 198.31, to 22,825.59, and the S&P 500 was up 0.55%, or 37.32, to 6,875.07.

Honda has suspended operations at its facility in Guadalajara, Mexico, while employees at other manufacturers work from home, after a wave of violence was unleashed by the killing of one of the country's most wanted cartel leaders, The Financial Times' Kana Inagaki, Sarah White, Sebastien Ash, and Ciara Nugent report. Honda told the FT that "out of an abundance of caution" it suspended operations on Monday at the plant.

Institutional investors and professional traders rely on The Fly to keep up-to-the-second on breaking news in the electric vehicle and clean energy space, as well as which stocks in these sectors that the best analysts on Wall Street are saying to buy and sell.From the hotly-debated high-flier Tesla, Wall Street's newest darling Rivian, traditional-stalwarts turned EV-upstarts GMand Fordto the numerous SPAC-deal makers that have come public in this red-hot space, The Fly has you covered with "Charged," a weekly recap of the top stories and expert calls in the sector.Clickto check out Tesla's recent Media Buzz Sentiment as measured by TipRanks.BEYOND EVS:Tigress Financial resumed coverage of Tesla with a Buy rating and $550 price target. The firm sees long-term growth and value creation "increasingly" being driven by Tesla's evolution from a pure-play EV manufacturer into "a multi-layered physical AI platform." The firm sees "the physical AI growth flywheel" being driven by expanding Full Self Drive subscriptions, robotaxis, and Optimus humanoid robots to stack on top of "an already sizable and profitable EV and energy base," Tigress tells investors.CHINA SALES:Tesla's domestic sales in China collapsed 45% year-over-year in January, falling to just 18,485 units, the automaker's lowest monthly retail figure in the country since November 2022, Electrek's Fred Lambert. The data, released today by the China Passenger Car Association, paints a grim picture of Tesla's demand in the world's largest EV market, the author adds.CHINA-U.S. CAR PARTNERSHIPS:FordCEO Jim Farley spoke with senior White House officials about a potential roadmap for Chinese car makers to manufacture vehicles in the U.S. by partnering with American car companies, Bloomberg's David Welch, Keith Naughton, and Jenny Leonard, citing people familiar with the discussions. The rough framework that was talked about between Farley and Trump administration cabinet members last month would let Chinese automakers build vehicles in the U.S. through joint ventures with domestic automakers in which the U.S. firm holds a controlling interest, the authors say. Other publicly traded companies in the space include BYD, Geely, General Motors, Honda, Lucid Group, Mercedes-Benz, Nissan, Rivian, Stellantis, Tesla, Toyotaand Volkswagen.RESULTS:Shares of Rivian outperformed last week after the company reported Q4 losses per share of (66c) vs consensus of (79c), and Q4 revenue of $1.29B vs consensus of $1.27B. Rivian sees FY26 vehicle delivery between 62K-67K and FY26 adjusted EBITDA of ($1.21B)-($1.80B).Deutsche Bank upgraded Rivian to Buy from Hold with a price target of $23, up from $16, following the Q4 report. The firm sees early signs the company's "prospects are inflecting." Rivian's 2026 looks "de-risked" as volume expectations are "reasonable" and its vehicle costs continue to improve, Deutsche tells investors in a research note. The firm says the R2 launch is on track for Q2 at a time when competitors are "slow walking" their electric vehicle transitions. Deutsche sees an attractive risk/reward at current share levels. UBS also upgraded Rivian but to Neutral from Sell with a price target of $16, up from $15, following quarterly results.Meanwhile, DA Davidson analyst Michael Shlisky downgraded Rivian to Underperform from Neutral with a price target of $14, down from $15. The stock jumped 27% on Friday due to positive tone of the R2 launch, but the firm believe that R1 outlook was below its expectations while also noting that R2 launch is not "without significant risks", the analyst tells investors in a research note. To make its current outlook, Rivian will have to deliver the best mid-size EV launch since 2021 without the benefit of tax credits or a mass-channel dealer network, DA Davidson added.2009 GREENHOUSE GAS ENDANGERMENT FINDING:U.S. Environmental Protection Agency Administrator Lee Zeldin said in aon X, formerly Twitter, "In the single largest deregulatory action in U.S. history, President Trump and I are now announcing the repeal of the 2009 Obama EPA Endangerment Finding, ALL vehicle greenhouse gas emission standards that followed, and ALL off-cycle credits that include the much-despised start-stop feature in vehicles. This action will save over $1.3 TRILLION in costs for Americans!"BUY ENERGY FUELS:Goldman Sachs initiated coverage of Energy Fuelswith a Buy rating and $30 price target. The company owns and operates the highest-grade uranium deposit in the U.S. as well as the White Mesa Mill, which is a key competitive advantage for the company as it is the only processing facility in the U.S. that is able to process both uranium and rare earth elements, the firm tells investors in a research note. Goldman added that the company maintains a portfolio of three heavy mineral sands assets that aim to come online over the next five years.