Momentum Movers

1️⃣ $PLTR down 10% amid new budget cuts for the Pentagon over the next five years.

2️⃣ $CVNA fell in after-hours trading after reporting quarterly financial results.

3️⃣ $SMCI up 7% on continued momentum after its recent earnings report.          

4️⃣ $GRMN up 12% after reporting better-than-expected financial results. 

5️⃣ $DVN up 7% after reporting quarterly financial results and announced it is raising its dividend.

6️⃣ $CE down 21% after issuing EPS guidance below estimates. 

7️⃣ $ANET down 6% after issuing lower-than-expected guidance.

8️⃣ $INTC down 6%, retracing some of the stock’s recent gains after speculation that $TSM and $AVGO could be buying portions of the company. 

9️⃣ $NXPI up 7% after Truist Securities raised its price target on the stock. 

🔟 $SEDG up 15% after reporting better-than-expected sales results.

Market News

🆕 The EU is said to be opening new beneficial trade deals with the US.

🆕 The Defense Secretary directed the Pentagon to prepare for an 8% cut to the defense budget annually over the next five years.  

Upcoming Events 2/20/25 

➡️ Initial / Continuing Jobless Claims

➡️ Philly Fed Business Conditions

➡️ Earnings: $BABA, $MELI, $WMT, $RIVN, $XYZ, $W, $CCJ, $INOD, $BAX, $BKNG, $DBX, $BKNG, $JMIA