S&P 500 futures are flat just ahead of the open. Here are some of the stocks on the move.
The Big Movers (>5%)
S&P Global (SPGI) -15.9%: The biggest mover on the board, and not in a good way. Weak profit and a disappointing full-year outlook are hammering the stock.
Datadog (DDOG) +14%: A double-digit pop. They beat on EPS, revenue, and operating income. Traders are shrugging off the weak guidance.
Spotify (SPOT) +11.9%: Matching Datadog's energy. Strong guidance combined with a beat on EPS, MAUs, and premium subs has this one singing.
Moderate Movers (2% - 5%)
Fiserv (FISV) -4.4%: The full-year profit guide midpoint came in shy of Wall St. expectations, putting pressure on the price.
Coca-Cola (KO) -2.2%: Fizzling out slightly as revenue fell short of estimates.
TSMC (TSM) +2.9%: Semi strength continues with January revenue jumping 37% y/y to $12.7bn.
DuPont (DD) +3.0%: Solid beat on Q4 metrics and a rosy outlook for full-year sales and profit, aided by healthcare and restructuring.
ON Semiconductor (ON) -2.4%: Taking a hit on mixed guidance for the next quarter.
Other notable movers
Hasbro (HAS) +1.8%: A modest gain as top and bottom lines surpassed expectations.
Quest Diagnostics (DGX) +0.1%: Steady green after beating EPS and revenue with a better-than-expected FY outlook.
Amazon (AMZN) +0.8%: Roughly flat despite news of an AI content marketplace launch.
Another notable story is a carve-out for tariffs on computer chips for the hyperscalers due to TSMC's commitments to invest in the USA. Yesterday we saw US stocks open lower and then steadily climb in what was ultimately a very strong day.
Today's retail sales report was glum but it's been coupled with Treasury yields down 3-5 bps and that could provide somewhat of a tail wind.
