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Financial News News 2 February 2026

Reddit stock wobbles after the bell as RDDT traders brace for this week’s earnings

Reddit stock wobbles after the bell as RDDT traders brace for this week’s earnings

Reddit shares closed down 1.7% at $177.15 Monday, then rose 0.8% after hours as investors positioned ahead of Thursday’s earnings report. Options markets signaled expectations for a sharp move, with 30-day implied volatility at 82%. Evercore ISI maintained an “Outperform” rating and a $320 price target. Reddit will release results after the bell Thursday, followed by a conference call at 4:30 p.m. ET.
Applied Digital Corporation (APLD) stock ticks up in late trade as insider sale filings land

Applied Digital Corporation (APLD) stock ticks up in late trade as insider sale filings land

Applied Digital shares rose 2.7% to $34.80 in late Monday trading, with nearly 23 million shares changing hands. Director Chuck Hastings sold 45,987 shares at $38.57 each on Jan. 29 and filed to sell up to 100,000 shares. The company began construction on its 430-megawatt Delta Forge 1 “AI Factory” campus, targeting mid-2027 operations. Vanguard disclosed an 8.65% stake as of Dec. 31.
Carnival stock jumps 8% after the bell as oil sinks and Wave season chatter lifts cruise shares

Carnival stock jumps 8% after the bell as oil sinks and Wave season chatter lifts cruise shares

Carnival shares surged 8.1% to $32.45 Monday, tracking gains in travel stocks after oil prices plunged more than $3 a barrel on easing Iran-U.S. tensions. Trading volume topped 30 million shares. Early Wave season bookings and pricing are running ahead of last year’s levels. Carnival’s next earnings report is scheduled for March 20.
AbbVie stock gains ahead of earnings; ABBV investors brace for guidance and a $1.3 billion expense

AbbVie stock gains ahead of earnings; ABBV investors brace for guidance and a $1.3 billion expense

New York, February 2, 2026, 16:10 (EST) — After-hours trading AbbVie shares climbed $2.69, or 1.2%, on Monday, settling at $225.70 after hitting a session high of $229.80. AbbVie is set to release full-year and fourth-quarter earnings on Wednesday. Investors will be watching to see if its newer products can step up as Humira’s sales decline amid growing competition from generics. This is crucial now since the stock can’t afford to wander. Investors demand the numbers first, then the outlook — and both need to meet the high expectations already established in large-cap healthcare. Monday’s market moved more quietly, with
Chipotle stock slips ahead of earnings as options traders price a near 10% swing

Chipotle stock slips ahead of earnings as options traders price a near 10% swing

Chipotle shares fell about 1% to $38.50 late Monday ahead of Tuesday’s earnings report. Options markets are pricing in a move of roughly 9.6% in either direction after results. Analysts expect quarterly revenue of $2.96 billion and adjusted earnings of 24 cents per share. Chipotle will release results after markets close Tuesday.
Carvana stock ticks higher after-hours as traders size up short report, earnings ahead

Carvana stock ticks higher after-hours as traders size up short report, earnings ahead

Carvana shares rose 1.7% in after-hours trading Monday, closing at $407.83 after a volatile session. The move follows allegations from Gotham City Research that Carvana inflated profits through undisclosed related-party transactions, which the company denies. Analysts at JPMorgan and BTIG questioned the short seller’s claims. Investors await Carvana’s earnings report and call on Feb. 18.
Wells Fargo stock price jumps 2% as banks rebound; shutdown vote and Fed path back in focus

Wells Fargo stock price jumps 2% as banks rebound; shutdown vote and Fed path back in focus

Wells Fargo shares rose 2.1% to $92.36 Monday as U.S. manufacturing PMI jumped to 52.6 in January, signaling growth. The S&P 500 set a new high, driven by chipmakers and AI stocks. A partial government shutdown delayed key labor data, while traders watched Washington’s funding talks and the Fed’s March meeting for rate signals.
Qualcomm stock price edges up as Wall Street trims targets ahead of Feb. 4 earnings

Qualcomm stock price edges up as Wall Street trims targets ahead of Feb. 4 earnings

Qualcomm shares rose 0.5% to $152.32 Monday afternoon, rebounding from earlier lows ahead of its February 4 earnings report. Cantor Fitzgerald cut its price target to $160, with JPMorgan and Bernstein also lowering targets. Investors are focused on the company’s guidance for the March quarter. Analyst C.J. Muse warned of headwinds from weak smartphone demand and changing customer mix.
Eaton stock pops late Monday ahead of ETN earnings: what traders are watching next

Eaton stock pops late Monday ahead of ETN earnings: what traders are watching next

Eaton shares rose 2.4% to $359.68 in late U.S. trading Monday as investors awaited Tuesday’s quarterly earnings and 2026 outlook. The company plans to spin off its Mobility Group, focusing instead on electrification and aerospace. Analysts flagged Mobility’s lower margins as a factor. The earnings release and conference call are scheduled for Tuesday morning.
GE Aerospace stock price today: Moody’s upgrade and Singapore tech deals lift GE shares

GE Aerospace stock price today: Moody’s upgrade and Singapore tech deals lift GE shares

GE Aerospace shares rose 0.6% to $308.50 after Moody’s upgraded its senior unsecured rating to A2. The company signed a memorandum with Singapore authorities to establish SPAARC, focusing on AI and airspace modernization. CFM International and Airbus also agreed to test open fan engine technology in Singapore. Supply-chain disruptions continue to impact engine makers, according to IATA.
PennyMac Financial Services stock slides again as KBW cuts target and MSR runoff stays in focus

PennyMac Financial Services stock slides again as KBW cuts target and MSR runoff stays in focus

PennyMac Financial (PFSI) fell 5.3% to $94.58 Monday after KBW cut its price target to $115 from $143, citing concerns over faster mortgage prepayments and servicing rights runoff. The stock has dropped 38% since Jan. 29. Fourth-quarter net income was $106.8 million, with servicing segment pretax income plunging to $37.3 million. A law firm has launched a probe into the late-January share plunge.
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Stock Market Today

ST Engineering stock price drops 2% to S$9.71 as drone-autonomy tie-up grabs attention

ST Engineering stock price drops 2% to S$9.71 as drone-autonomy tie-up grabs attention

7 February 2026
ST Engineering shares fell 1.9% to S$9.71 Friday, outpacing the Singapore market’s 0.8% drop amid a tech-led selloff. The company signed a deal with Shield AI at the Singapore Airshow to integrate autonomy software into its unmanned platforms and unveiled a small drone capable of carrying explosives. About 6.9 million shares traded as investors await full-year results on Feb. 27.
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