Stocks settled lower across the board for a second day, with the Nasdaq shedding triple digits, while the Dow and S&P 500 finished in the red as well as the tech sector weighed on the broader market.
Regional banking company Home Bancshares (NYSE:HOMB) reported Q4 CY2025 results topping the market’s revenue expectations, with sales up 7.6% year on year to $282.1 million. Its non-GAAP profit of $0.60 per share was in line with analysts’ consensus estimates.
Fresh produce company Calavo Growers (NASDAQ:CVGW) fell short of the markets revenue expectations in Q3 CY2025, with sales falling 26.6% year on year to $124.7 million. Its non-GAAP profit of $0.25 per share was 32.4% below analysts’ consensus estimates. Stock surged from Mission Produce's acquisition announcement.
Shares of insurance distribution company Baldwin Insurance Group (NASDAQ:BWIN) jumped 3.6% in the afternoon session after the company announced it had acquired Obie, an insurance platform for landlords and real estate investors.
Shares of workforce solutions provider ManpowerGroup (NYSE:MAN) jumped 2.7% in the afternoon session after BMO Capital upgraded the company's stock to Outperform from Market Perform.
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO)
fell 4.6% in the afternoon session after a flurry of negative news, including reports of a Chinese directive against U.S. software, a multi-billion dollar debt offering, and significant insider stock sales, weighed on the stock.
Shares of golf equipment and apparel company Acushnet (NYSE:GOLF)
jumped 4% in the afternoon session after KeyBanc raised its price target on the stock. The investment bank lifted its price target for Acushnet to $90 from $85, keeping an Overweight rating on the shares due to the company's strong earnings performance.
Shares of mortgage insurance provider Essent Group (NYSE:ESNT) jumped 3.4% in the afternoon session after JPMorgan Chase & Co. raised its price target on the stock from $65.00 to $66.00.
Shares of pet insurance provider Trupanion (NASDAQ:TRUP) fell 3.7% in the afternoon session after Cantor Fitzgerald lowered its price target on the stock.
Shares of department store chain Dillard’s (NYSE:DDS)
fell 6% in the afternoon session after a major competitor, Saks, filed for bankruptcy, sparking concerns across the department store sector.
Shares of global market infrastructure company Intercontinental Exchange (NYSE:ICE) jumped 3% in the afternoon session after analysts raised their price targets for the company, signaling confidence in its stock.
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB)
jumped 4.5% in the afternoon session after Cantor Fitzgerald reiterated its "Overweight" rating on the stock, calling the company the premier alternative to SpaceX.
Shares of PCB manufacturing company TTM Technologies (NASDAQ:TTMI) jumped 5.3% in the afternoon session after the company presented a strong long-term growth outlook at an investor conference, which prompted positive reactions from analysts.
Shares of behavioral health company Acadia Healthcare (NASDAQ:ACHC)
fell 6.4% in the afternoon session after the company disclosed an expected financial impact from a new Medicaid policy in New York, which prompted an analyst price target cut.
Shares of alcohol company Brown-Forman (NYSE:BF.B)
jumped 2.7% in the afternoon session after the company announced that its Woodford Reserve brand would re-release its highly sought-after Double Double Oaked Bourbon.
Shares of biopharmaceutical company Incyte Corporation (NASDAQ:INCY)
jumped 3.2% in the afternoon session after TD Cowen maintained a 'Buy' rating on the stock and increased its price target. The firm's analyst, Marc Frahm, lifted the price target from $101.00 to $128.00, a significant increase of nearly 27%. This adjustment signaled a strong positive outlook for the company's future stock performance. The action from the analyst suggested a heightened confidence in the biopharmaceutical company's value.
Devon Energy has had unusual call option activity today. The company announced it will release Q4 earnings on Feb. 17, so investors may be expecting a dividend hike then.
