Dow, S&P 500, Nasdaq futures steady after Trump delivers State of the Union, Nvidia earnings loom

-
  • S&P 500
    • 6,890.07 (+52.32, 0.77%)
  • Dow Jones
    • 49,174.50 (+370.44, 0.76%)
  • NASDAQ
    • 22,863.68 (+236.41, 1.04%)
  • Market close: February 24, 2026

Stock Market Today

  • US stock futures steady after Trump's State of the Union address.
  • Anticipation for Nvidia's earnings report.
  • Dow Jones Industrial Average and S&P 500 futures traded roughly flat.
  • Nasdaq 100 futures rose 0.2%.
  • Followed a strong Tuesday session with S&P 500, Nasdaq Composite, and Dow rising as investors rotated into technology.

EdgeUp

  • Nvidia
    • To report Q4 earnings after the bell on Wednesday, most anticipated of the season.
    • Ahead of annual GTC 2026 event for major product announcements.
    • Follows launch of Vera Rubin AI superchip in January.
  • Workday
    • Shares fell ~10% premarket due to downbeat revenue outlook.
    • Corporations pulling back on spending amid macroeconomic uncertainty.
    • AI startup Anthropic's new enterprise tools fuel worries about traditional software vendors.
    • Forecast subscription revenue shy of analysts' expectations, prioritizing agentic AI roadmap spending.
  • MercadoLibre
    • Shares slid over 6% after profit miss in Q4.
    • Spending on credit and logistics pressured margins despite 45% revenue jump.
  • AMD
    • Stock edged up premarket after disclosing multi-year AI chip supply agreement with Meta Platforms.
    • Deal includes potential significant equity stake for Meta.
    • Comes as investors seek proof of data center chip demand beyond Nvidia.
  • Axon Enterprise
    • Shares rose over 16% premarket.
    • Reported better than expected Q4 financial results.
    • Issued FY26 sales guidance above estimates.

Trading Strategies

  • All Time Highs Are Not the Problem. Poor Risk Management Is.
    • Strong price action at all-time highs reflects sustained trends, not just irrationality.
    • Focus on managing participation through a repeatable process, not predicting reversals.
    • Expensive markets require tighter execution, smaller sizing, and clear invalidation levels.
    • Respect closing price as true signal, avoid emotional reactions to intraday volatility.
    • Consistency from separating confirmation from entry, avoiding premature trades, and defining risk.
    • Success at all-time highs is about aligning with trend and protecting capital through disciplined risk management.

Top 5 Movers In Early Pre-Market (4:00 AM to 7:00 AM ET)

  1. UIS (Unisys Corporation): +18.78%
  2. FRGT (Freight Technologies, Inc.): +17.62%
  3. RXRX (Recursion Pharmaceuticals, Inc.): +17.28%
  4. AXON (Axon Enterprise, Inc.): +16.33%
  5. LFST (LifeStance Health Group, Inc.): +14.99%

Today’s Economic Dates

  • 9:35 AM ET: Richmond Fed President Tom Barkin speaks
  • 11:00 AM ET: Kansas City Fed President Jeffrey Schmid speaks
  • 1:20 PM ET: Louis Fed President Alberto Musalem speaks

Yesterday’s Biggest Movers (February 10, 9:30 AM to 4:00 PM ET)

  1. ANPA (Rich Sparkle Holdings Limited): +52.93% (No notable news)
  2. BNAI (Brand Engagement Network, Inc.): +40.23% (No notable news)
  3. PVLA (Palvella Therapeutics, Inc.): +37.08% (Announced proposed public offering of $150.0 million of common stock)

Today’s Notable Earnings

  • STWD (Starwood Prop Trust): Q4 2025, Before Market Open (Estimate: 0.400)
  • SNOW (Snowflake): Q4 2026, After Market Close (Estimate: -0.100)
  • NVDA (NVIDIA): Q4 2026, After Market Close (Estimate: 1.500)

Parting Thoughts

  • "Markets don’t repeat, but human reactions do." – Jim Grant

Comments

Post a Comment