Microchip stock leaps on upbeat sales update as traders eye Feb. 5 results

Microchip stock leaps on upbeat sales update as traders eye Feb. 5 results

Microchip Technology shares surged 11.6% to $74.87 after the company raised its fiscal third-quarter sales outlook to $1.185 billion, above previous guidance. CEO Steve Sanghi cited strong bookings and a broad-based recovery. The update boosted shares of Texas Instruments and NXP Semiconductors. Investors await Microchip’s full results and March-quarter guidance on Feb. 5.
BitMine Immersion Technologies (BMNR) stock slides after $14.2B crypto stash update as share vote nears

BitMine Immersion Technologies (BMNR) stock slides after $14.2B crypto stash update as share vote nears

BitMine Immersion Technologies shares fell 3.1% to $32.33 Tuesday after reporting $14.2 billion in crypto and cash holdings, including 4.14 million ether. Shareholders will vote Jan. 15 on raising authorized shares. MSCI said it will not exclude “digital asset treasury companies” like BitMine from its benchmarks for now. Cantor Fitzgerald began coverage with an Overweight rating and a $39 target.
Analog Devices stock jumps 6% as chip index hits a record; traders refocus on analog demand

Analog Devices stock jumps 6% as chip index hits a record; traders refocus on analog demand

Analog Devices shares rose 5.6% to $292.94 Tuesday, near the session high, as chip stocks rallied and the Philadelphia Semiconductor Index hit a record. Trading volume reached about 6.4 million shares. A regulatory filing showed SVP Martin Cotter sold 10,000 shares at $278.45 on Jan. 5. Microchip Technology lifted its sales outlook, fueling gains in cyclical chipmakers tied to factory and auto demand.
American Airlines (AAL) stock slips after free Wi‑Fi plan; analysts lift targets before earnings

American Airlines (AAL) stock slips after free Wi‑Fi plan; analysts lift targets before earnings

American Airlines shares closed down 1% at $15.67 Tuesday after announcing free in-flight Wi‑Fi for AAdvantage loyalty members, with rollout starting this month. The stock traded between $15.60 and $16.16 on volume of 82.8 million shares. UBS and BofA raised their price targets. American’s next earnings report is expected Jan. 22.
Vertiv stock (VRT) whipsaws after Nvidia CES cooling claim; earnings next in focus

Vertiv stock (VRT) whipsaws after Nvidia CES cooling claim; earnings next in focus

Vertiv shares closed up 0.6% at $174.95 after dropping as much as 6.6% intraday, following Nvidia CEO Jensen Huang’s comment that new Rubin chips need “no water chillers.” Johnson Controls fell 6.2% and Trane dropped 2.5%. Barclays said Vertiv and nVent are better positioned in liquid and precision cooling. About 7.8 million Vertiv shares traded.
Thermo Fisher Scientific stock hits a 52-week high as Evercore lifts target and obesity registry launch draws focus

Thermo Fisher Scientific stock hits a 52-week high as Evercore lifts target and obesity registry launch draws focus

Thermo Fisher Scientific (TMO) closed up 1.6% at $620.72, a new 52-week high, before trading flat after hours. Evercore ISI raised its price target to $650, maintaining an Outperform rating. The company announced first patient enrollment in its PPD CorEvitas Obesity Registry. CEO Marc Casper will speak at the JPMorgan Healthcare Conference on Jan. 13, with earnings due Jan. 29.
7 January 2026
Lockheed Martin stock rises after Patriot PAC-3 production deal; what investors watch next

Lockheed Martin stock rises after Patriot PAC-3 production deal; what investors watch next

Lockheed Martin shares rose 2.05% to $522.04 after the company announced a seven-year plan to boost annual PAC-3 MSE interceptor production from about 600 to 2,000 units. The framework agreement with the U.S. government ties initial contracts to fiscal 2026 appropriations. Lockheed delivered 620 interceptors in 2025 and expects a contract award after Congress finalizes the budget. Investors await more details in the Jan. 29 earnings report.
Johnson Controls (JCI) stock slides 6% after Nvidia’s “no water chillers” line jolts data-center cooling trade

Johnson Controls (JCI) stock slides 6% after Nvidia’s “no water chillers” line jolts data-center cooling trade

Johnson Controls shares fell 6.2% to $113.95 after Nvidia CEO Jensen Huang said new chips could sharply reduce data-center cooling needs. Trane dropped 2.5% and Carrier slipped 0.5%. Barclays estimates data centers are a low-double-digit share of Johnson Controls’ sales. Investors now await CES updates, U.S. jobs data, and Johnson Controls’ Feb. 4 results.

Stock Market Today

Real estate stocks rise as rate-cut bets return; XLRE ends at $41.99 ahead of payrolls and CPI

Real estate stocks rise as rate-cut bets return; XLRE ends at $41.99 ahead of payrolls and CPI

7 February 2026
U.S. real estate stocks rose Friday, with XLRE up 1.8% to $41.99 and VNQ and IYR each gaining 1.6%. The Dow closed above 50,000 for the first time as the 10-year Treasury yield ended at 4.206%. Bank of America downgraded Public Storage and Extra Space Storage, citing weak housing turnover and high borrowing costs. The delayed January jobs report is set for Feb. 11, with CPI due Feb. 13.
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