Enjoying The Daily Breakdown? Be sure to subscribe to The Weekly Breakdown to receive a FREE full market report every Saturday.

Momentum Movers

• $TEAM up 14% after the company reported better-than-expected quarterly financial results. It also received multiple price target increases from analysts. 
• $CIFR up 21% after announcing a $50M investment from Softbank. 
• $DECK down 20% after reporting quarterly financial results. 
• $WBA down 10% after the company suspended its quarterly dividend.
• $NVDA down 3% as tariff talk on chips weighed on the sector. The company’s CEO met with President Trump Friday afternoon. 
• $RGTI up 7% as several quantum-related stocks rallied, possibly ahead of $GOOGL’s earnings report on 2/4/25.
• $CVX down 4%  after the company reported quarterly financial results and missed EPS estimates. 
• $VST down 4% on no particular news, although shares of AI-related power companies were volatile this week in reaction to DeepSeek headlines. 
• $CLS up 8% after the company reported better-than-expected financial results and issued Q1 guidance above estimates. 
• $BEN up 10% after the company reported quarterly earnings. 

Sector Performance 

Market News 

• Trump dismissed the idea that tariffs could be averted by Mexico and Canada for the time being. 
• OpenAI launched o3-mini to demonstrate it can release a cost-effective reasoning model. 

Upcoming Events 2/3/25 

• OPEC Meeting
• ISM Manufacturing PMI 
• Earnings: $SAIA, $PLTR, $TSN, $KD, $CLX, $IDXX, $DOC, $TWST, $ARLP, $NXPI