HTZ News & Events

The major averages had a mixedclose with the Nasdaq the laggard despite an earnings beat and blowout guidance from Nvidia. The market's tepid reaction to the quarterly report suggests that confidence in the broader AI narrative remains far from unanimous.Mixed results from other major technology and software companies added complexity as weak guidance from some key SaaS names pulled back parts of the sector and weighed on overall sentiment as well.Looking to commodities, gold was fractionally lower as the asset continues to experience a volatile 2026, while oil was marginally lower.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiareportedand provided upbeat Q1 revenue guidanceSalesforcereportedand provided its outlook for Q1 and FY27Warner Bros. Discoveryreported, adding that HBO Max is "well on its way" to over 150M subscribersParamount Skydancereported a year-over-yearand reiterated its FY26 revenue guidanceSnowflakereportedand provided Q1 product revenue guidance2. WALL STREET CALLS:Joby Aviationto Buy at H.C. WainwrightSpotifyto Buy at AreteFirst Solarto Hold at Deutsche Bank after "disappointing" Q4Oddityto Underperform at BofA and downgraded to Underweight at BarclaysMosaicto Underweight at JPMorgan3. AROUND THE WEB:A Texas judge has rejected Kenvue'sbid to dismiss a state lawsuit over Tylenol, Reuters reportsTesla'sCybercab program manager has left the company before launch, Electrek sayseBayis cutting 6% of its full-time employees, or roughly 800 jobs, as the company feels the layoffs are needed to align its workforce with strategic priorities, Bloomberg reportsPayPalisn't currently in talks to sell itself to Stripe or anyone else and has been working for months with bankers to prepare for a potential activist campaign or unwanted takeover bid, Semafor saysJehoshaphat Research announced that it is short GPGI4. MOVERS:Krispy Kremeincreases afterand providing guidance for FY26Butterfly Networkgains afterand providing guidance for FY26Novavaxand Sezzlehigher in New York afterArray Technologiesfalls after, with EPS missing consensusEose Energylower afterand providing guidance for FY265. EARNINGS/GUIDANCE:Perrigo, with EPS and revenue lower year-over-yearLiberty Formula One, with CEO Derek Chang commenting on "an exceptional and productive year for Liberty"Hertzand provided guidance for Q1Standard Motor, with EPS beating consensusEmcorand provided guidance for FY26INDEXES:The Dow rose 17.05, or 0.034%, to 49,499.20, the Nasdaq lost 273.69, or 1.18%, to 22,878.38, and the S&P 500 declined 37.27, or 0.54%, to 6,908.86.

The major averages were broadly lower near noon despite an upbeat quarterly report from Nvidia. The market's tepid reaction suggests that confidence in the broader AI narrative remains far from unanimous.Mixed results from other major technology and software companies added complexity to the dashboard as weak guidance from some key SaaS names pulled back parts of the sector and is weighing on overall sentiment.Looking to commodities, gold was fractionally lower as the asset continues to experience a volatile 2026, while oil was sharply higher following EIA natural gas storage data.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiareportedand provided upbeat Q1 revenue guidanceSalesforcereportedand provided its outlook for Q1 and FY27Warner Bros. Discoveryreported, adding that HBO Max is "well on its way" to over 150M subscribersParamount Skydancereported aand reiterated its FY26 revenue guidanceSnowflakereportedand provided Q1 product revenue guidance2. WALL STREET CALLS:Joby Aviationto Buy at H.C. WainwrightSpotifyto Buy at AreteFirst Solarto Hold at Deutsche Bank after "disappointing" Q4Oddityto Underperform at BofA and downgraded to Underweight at BarclaysMosaicto Underweight at JPMorgan3. AROUND THE WEB:eBayis cutting 6% of its full-time employees, or roughly 800 jobs, as the company feels the layoffs are needed to align its workforce with strategic priorities, Bloomberg reportsSAP'sinvestors and partners are raising doubts related to a suite of AI products the company is relying on to reignite growth and stay ahead of competition, Bloomberg saysMeta'suse of AI to moderate its social media platforms has generated large volumes of useless reports on cases of child sexual abuse, which are hindering investigations at the U.S. Internet Crimes Against Children, ICAC, taskforce, The Guardian reportsPayPalisn't currently in talks to sell itself to Stripe or anyone else and has been working for months with bankers to prepare for a potential activist campaign or unwanted takeover bid, Semafor saysJehoshaphat Research announced that it is short GPGI4. MOVERS:Krispy Kremeincreases afterand providing guidance for FY26Butterfly Networkgains afterand providing guidance for FY26Novavaxand Sezzlehigher in New York afterArray Technologiesfalls after, with EPS missing consensusEose Energylower afterand providing guidance for FY265. EARNINGS/GUIDANCE:Perrigo, with EPS and revenue lower year-over-yearLiberty Formula One, with CEO Derek Chang commenting on "an exceptional and productive year for Liberty"Hertzand provided guidance for Q1Standard Motor, with EPS beating consensusEmcorand provided guidance for FY26INDEXES:Near midday, the Dow was down 0.30%, or 148.32, to 49,333.83, the Nasdaq was down 1.63%, or 378.47, to 22,773.61, and the S&P 500 was down 0.95%, or 65.67, to 6,880.46.

The company said, "Hertz's early first quarter performance indicates that its commercial strategy continues to deliver sustained value in 2026. January revenue results show meaningful improvement year over year, with February trending more positively and March continuing that trajectory. The Company expects a mid-single digit increase in revenue for the quarter, supported by a constructive demand environment and increased year-over-year RPD. With respect to the fleet, the Company also sees signs that residual values are improving from Q4's seasonal lows. Looking ahead to the rest of the year, the Company remains focused on growing the off-airport and mobility business and accelerating revenue growth while staying disciplined on costs."

Reports Q4 revenue $2.03B, consensus $1.93B. Utilization was 78% in Q4. "Hertz sits on a stronger foundation today than we did one year ago," said Gil West, CEO of Hertz. "In the fourth quarter, we delivered measurable progress and our strongest year-over-year revenue performance in nearly two years, despite a complex environment. We achieved a $2 billion improvement in profitability in our first full year under the Back-to-Basics strategy, driven by meaningful gains in revenue, utilization, unit economics, and customer experience."