Momentum Movers

• $SMCI up 17% ahead of the company’s earnings report on Tuesday 2/11/25.
• $ASTS up 17% after recent news that large cell providers are exploring more satellite network capabilities. 
• $CLF up 18% after Trump announced 25% tariffs on steel.                          
• $BABA up 7% after tariffs were reportedly postponed on items under $800 from China. 
• $ACHR up 13% on no specific news, although the EVTOL sector has gained attention recently.
• $BP up 6% after a report from WSJ stated that Elliott Management had built a stake in the company.
• $TSLA down 3% after the company received a price target cut by Stifel. 
• $PLTR up 5% on continued strength after reporting earnings recently. 
• $WDC up 7% on no specific catalyst.
• $ON down 8% after Q4 revenue dropped 15% and the CEO warned of 2025 challenges. 

Sector Performance

Market News 

• A group led by Elon Musk reportedly offered OpenAI $97B for control of the company. Sam Altman, CEO of OpenAI, declined the offer on X.
• The Trump Administration announced 25% tariffs on steel and aluminum.

Upcoming Events 2/11/25 

• Fed Chair Powell Testifies
• 3-Year Note Auction
• Earnings: $SHOP, $SMCI, $KO, $UPST, $HUM, $DASH, $BP, $LYFT, $FRSH, $LDOS, $GILD, $SPGI