MSGS News & Events

The major averages finished broadly higher following the release of minutes from the latest Federal Reserve meeting, with earlier gains supported by optimism around corporate earnings, particularly in technology and select cyclical segments.According to the Fed minutes, several participants indicated that they would have "supported a two-sided description of the Committee's future interest rate decisions," reflecting the possibility of "upward adjustments" in the federal funds rate. Additionally, Fed members said that cutting rates further could be "misinterpreted" as implying diminished policymaker commitment to the 2% inflation objective.Looking to commodities, gold was sharply higher, rebounding from yesterday's losses as the "safe haven" asset continues to have a tumultuous year. Oil was also sharply higher as well.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Berkshire Hathawayin New York Timesand cut its stake in AmazonPalo Alto Networksreportedand cut its FY26 earnings outlookModernasaid the FDA willof its seasonal influenza vaccine submissionMSG Sportsisthat would separate its New York Knicks business from its New York Rangers businessmeeting show that participants see the possibility of a rate increase2. WALL STREET CALLS:Palantirto Outperform from Neutral at MizuhoBioAge Labsto Buy from Hold at JefferiesWorkdayto Market Perform at CitizensGenuine Partsto Hold from Buy at TruistWilliams TradingCrocsto Sell on eroding U.S. demand3. AROUND THE WEB:Microsoftpresident Brad Smith told CNBC that U.S. tech firms should "worry a little bit" about the subsidies their Chinese competitors receive from their government in the AI raceActivist investor Starboard Value is asking Riot Platformsto speed up its transition from Bitcoin miner to a data center company that could house hyperscaler tenants, Bloomberg saysJPMorgan Chaseintends to open over 160 branches in 30 states in 2026 as the company further invests in its brick-and-mortar network, FT reportsMicrosoftis on pace to invest $50B by the end of the decade to help AI expand to countries across the 'Global South,' specifically emerging or lower-income countries in the southern hemisphere, Reuters saysAT&Tis being sued by NYC pension funds for blocking a shareholder vote on workforce diversity disclosures, Reuters says4. MOVERS:Sabreincreases afterand naming Shawn Williams as Chief Commercial OfficerImmunitygains after the European Commissionfor AnktivaMister Car Washand Caesarshigher afterAxcelisfalls afterand providing guidance for Q1HF Sinclairlower afterand announcing the departure of CEO Tim Go5. EARNINGS/GUIDANCE:Insuletand provided guidance for FY26LCI Industries, with CEO Jason Lippert commenting, "We delivered a very strong 2025"Clean Harbors, with EPS and revenue beating consensusWingstopand provided guidance for FY26, with CEO Michael Skipworth commenting, "Our team continues to demonstrate operational excellence as we opened 493 net new restaurants and expanded into six new international markets"JLL, with EPS and revenue beating consensusINDEXES:The Dow rose 129.47, or 0.26%, to 49,662.66, the Nasdaq gained 175.25, or 0.78%, to 22,753.64, and the S&P 500 advanced 38.09, or 0.56%, to 6,881.31.

The major averages were broadly higher near noon, with gains supported by optimism around corporate earnings, particularly in technology and select cyclical segments. Many Asian markets remain closed for the Lunar New Year, keeping regional trading light and volume subdued. U.S. markets are trading with a modestly positive and cautiously optimistic tone as major equity futures climb and global stock benchmarks rally, reflecting a rebound from recent volatility driven by artificial-intelligence sentiment and sector rotation.Looking to commodities, gold was sharply higher, rebounding from yesterday's losses as the "safe haven" asset continues to have a tumultuous year. Oil was sharply higher as well ahead of this afternoon's API crude data and tomorrow's DOE inventory reports.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Bershire Hathawayin New York Timesand cut its stake in AmazonPalo Alto Networksreportedand cut its FY26 earnings outlookModernasaid theof its seasonal influenza vaccine submissionMSG Sportsisthat would separate its New York Knicks business from its New York Rangers businessMetaannounced awith Nvidia2. WALL STREET CALLS:Palantirto Outperform from Neutral at MizuhoBioAge Labsto Buy from Hold at JefferiesWorkdayto Market Perform at CitizensGenuine Partsto Hold from Buy at TruistWilliams TradingCrocsto Sell on eroding U.S. demand3. AROUND THE WEB:Activist investor Starboard Value is asking Riot Platformsto speed up its transition from Bitcoin miner to a data center company that could house hyperscaler tenants, Bloomberg saysJPMorgan Chaseintends to open over 160 branches in 30 states in 2026 as the company further invests in its brick-and-mortar network, FT reportsMicrosoftis on pace to invest $50B by the end of the decade to help AI expand to countries across the 'Global South,' specifically emerging or lower-income countries in the southern hemisphere, Reuters saysAT&Tis being sued by NYC pension funds for blocking a shareholder vote on workforce diversity disclosures, Reuters saysChinese conglomerate Tencentwas the undisclosed main financial backer of game developer Wildlight Entertainment, which released its debut free-to-play multiplayer title "Highguard" late last month, Game File says4. MOVERS:Sabreincreases afterand naming Shawn Williams as Chief Commercial OfficerImmunitygains after theconditional marketing authorization for AnktivaMister Car Washand Caesarshigher afterAxcelisfalls afterand providing guidance for Q1HF Sinclairlower afterand announcing the departure of CEO Tim Go5. EARNINGS/GUIDANCEInsuletand provided guidance for FY26LCI Industries, with CEO Jason Lippert commenting, "We delivered a very strong 2025"Clean Harbors, with EPS and revenue beating consensusWingstopand provided guidance for FY26, with CEO Michael Skipworth commenting, "Our team continues to demonstrate operational excellence as we opened 493 net new restaurants and expanded into six new international markets"JLL, with EPS and revenue beating consensusINDEXES:Near midday, the Dow was up 0.52%, or 258.55, to 49,791.74, the Nasdaq was up 1.20%, or 271.50, to 22,849.89, and the S&P 500 was up 0.79%, or 54.19, to 6,897.41.

MSG Sports announced that its board of directors has unanimously approved a plan to explore a possible spin-off that would separate its New York Knicks business from its New York Rangers business, creating two distinct publicly traded companies. If the company proceeds with the spin-off transaction, it is expected to be structured as a tax-free spin-off to all company shareholders and upon completion of the contemplated separation, it is expected that record holders of company Class A and Class B common stock would receive a pro-rata distribution of 100% of the common stock in the newly created public company. "We are exploring the opportunity to further create value for our shareholders by separating our two professional sports franchises into distinct companies," said Jim Dolan, Executive Chairman and Chief Executive Officer. "Both the Knicks and Rangers are premier teams in their respective leagues, with storied histories and large and passionate fan bases. We believe this proposed transaction would provide each company with enhanced strategic flexibility, its own defined business focus, and clear characteristics for investors." After the proposed spin-off, the New York Knicks company is expected to include the Knicks. Also included would be the Westchester Knicks, the exclusive NBA G League affiliate of the Knicks. The New York Rangers company is expected to include the Rangers. Also included would be the Hartford Wolf Pack, a minor-league hockey team in the AHL, and the top affiliate team for the Rangers. There can be no assurance that the possible transaction will be completed in the manner described above, or at all. The company has not set a timetable for completion of this process. Completion of the transaction would be subject to various conditions, including required league approvals, receipt of a tax opinion from counsel and Company board approval.