Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz
5 February 2026
53 mins read

Stock Market Today 05.02.2026


LIVEMarkets rolling coverageStarted: Updated:

GraniteShares 3x Short Palantir ETP Drops 6.87% in Euronext Pre-market Trading

February 5, 2026, 1:49 AM EST. GraniteShares 3x Short Palantir (3SPA.PA) opened lower at EUR 0.012, down 6.87%, with active volume exceeding average levels on Euronext. This leveraged exchange-traded product (ETP) offers triple inverse exposure to Palantir Technologies but faces significant execution risks due to its tiny market cap of EUR 720 and low absolute price. Technical indicators show strong directional trends but short-term oversold conditions, while Meyka AI assigns a 'Hold' rating and forecasts a further decline near EUR 0.0050. Traders are cautioned about leverage decay, tracking errors, and liquidity challenges, with market impact considerations critical given the ETP's nature and heavy rebalancing flows. The instrument remains sensitive to Palantir stock moves and broader communication services sector trends.

Shoplazza Awards Highlight AI-Driven, Sustainable Growth in E-Commerce at Nasdaq Tower

February 5, 2026, 1:48 AM EST. Shoplazza celebrated its 2025 Awards at Times Square, spotlighting merchants embracing AI-driven, sustainable growth in online retail. Winners, showcased on the Nasdaq Tower, include global brands from electronics to fashion leveraging Shoplazza's platform for localized payments, multi-site management, and data-driven operations. Companies like GMKtec and SAFNIX illustrate a shift from supply-led exports to brand-led global expansion. Fashion and mobility winners, such as ICOICE and KuKirin, focus on direct-to-consumer models and integrated logistics. The awards confirm how unified commerce systems are key to scaling without upping complexity amid increasing market demands.

US Stock Futures Mixed as Tech Sell-Off Deepens and Alphabet Boosts AI Spending Outlook

February 5, 2026, 1:47 AM EST. US stock futures showed mixed signals early Thursday following a steep tech sell-off. Dow futures fell 0.1%, S&P 500 futures remained flat, while Nasdaq 100 futures gained 0.2%. Alphabet shares declined 1% after reporting a surge in artificial intelligence (AI) investment, projecting up to $185 billion spending by 2026. This outlook buoyed Nvidia and Broadcom shares amid renewed AI infrastructure optimism. Qualcomm tumbled nearly 9% due to a weak forecast amid a global memory chip shortage. Software stocks dropped linked to fears of AI disruption from Anthropic tools. Cryptocurrency markets declined further as Treasury Secretary Scott Bessent ruled out a bitcoin bailout amid a recent 13% price drop. Amazon earnings and weekly jobless claims data will be key market drivers ahead.

Three Undiscovered Gems in Europe's Stock Market with Strong Growth Potential

February 5, 2026, 1:25 AM EST. As Europe's stock market edges toward modest recovery, investors are eyeing small-cap stocks that exhibit strong fundamentals and growth potential. Notably, Eisen- und Hüttenwerke AG stands out with an extraordinary 1013.6% earnings surge despite modest revenue, handling operations debt-free and trading significantly below fair value. Naturenergie Holding AG, with a CHF1.12 billion market cap, focuses on renewable energy and customer-oriented solutions, positioning itself in the growing energy transition sector. These discoveries come amidst a mixed economic backdrop, as the STOXX Europe 600 index shows cautious optimism. Identifying undervalued stocks like these with robust earnings growth and financial stability could yield attractive returns as confidence builds in European markets.

Australian Shares Slip on Tech Selloff; Beach Energy Reports Lower Earnings

February 5, 2026, 1:23 AM EST. Australian shares declined amid a tech sector selloff and a sharp drop in silver prices. The S&P/ASX 200 index fell 0.43% to 8,889.20. Silver prices dropped 15% to $74.60 per ounce, while gold dipped 1.8% to $4,863 per ounce. AI-related disruptions unsettled technology stocks. Australia's December goods surplus increased to AU$3.37 billion, boosted by a rise in metal ores exports. Beach Energy reported a decrease in fiscal H1 underlying earnings to AU$0.096 per share, with flat revenue at AU$1.04 billion, resulting in a 5% share decline. Neuren Pharmaceuticals shares fell 9% after U.S. Congress extended a rare pediatric disease drug review voucher program. Elders appointed Rene Dedoncker as CEO, with shares down 4%.

B2Gold Corp Shares Surge 107% in One Year Amid Analyst Upgrades

February 5, 2026, 1:17 AM EST. B2Gold Corp (NYSE:BTG) shares have surged 107.5% over the past year through February 3, despite a 9.5% drop in gold prices and a historic 30% plunge in silver. Analyst optimism remains high. Scotiabank raised the price target from C$8 to C$10, maintaining a Sector Perform rating, with BTG trading at 6.51 times forward earnings. Raymond James increased its price target from $6 to $6.50, keeping an Outperform rating, citing improved commodity price forecasts amid economic and political uncertainty. B2Gold, a Canadian gold producer with projects in Colombia, Mali, the Philippines, and Namibia, benefits from this bullish outlook. However, some investors might consider AI stocks with potentially higher upside and lower risk.

Live Cattle Futures Gain Amid Slow Cash Trade and Auction Activity

February 5, 2026, 1:08 AM EST. Live cattle futures posted modest gains of 17 to 60 cents on Wednesday, driven by active futures trading despite a quiet cash market with last week's prices holding at $238-240. The Fed Cattle Exchange online auction reported no sales on 1,602 head offered, with bids at $237. Feeder cattle futures rose $1.35 to $2.15, though the CME Feeder Cattle Index dropped 44 cents to $374.57 on February 3. Wholesale boxed beef prices declined; Choice boxes fell $2.69 to $368.02, while Select dropped $5.14 to $362.09. USDA data showed cattle slaughter at 113,000 head for Wednesday, 12,000 above last week but 20,175 fewer than the previous year. Notable futures closes included Feb 26 Live Cattle at $240.525, up 20 cents, and Mar 26 Feeder Cattle at $370.075, up $2.15.

Churchill Downs Stock Slides 20.7% in a Year, Valuation Suggests Potential Undervaluation

February 5, 2026, 1:07 AM EST. Churchill Downs (CHDN) shares have fallen 20.7% over the past year, with a 14.7% drop year to date, prompting fresh scrutiny of its investment appeal. The stock price decline contrasts with Simply Wall St's discounted cash flow (DCF) analysis, which estimates an intrinsic value of $161.09 per share, suggesting shares are approximately 40.7% undervalued against the current price near $95.48. The DCF model projects significant growth in free cash flow from $119 million last year to an expected $1.13 billion by 2035. Despite recent market volatility and sector pressures, valuation scores give Churchill Downs a top rating of 6 out of 6, indicating potential for long-term investor interest if fundamentals hold. Investors should weigh short-term risks alongside the prospects implied by cash flow forecasts and earnings multiples.

Wheat Prices Fall Amidst Large Global Supplies

February 5, 2026, 1:06 AM EST. Wheat futures declined on Wednesday with Chicago SRW down 1-2 cents, Kansas City HRW falling 4-5 cents, and Minneapolis spring wheat easing 2-3 cents. The market faces persistent pressure from ample global wheat supplies. Analysts anticipate export sales data on Thursday, expecting wheat sales between 300,000 and 600,000 metric tons for the week ending January 29. March and May contracts for Chicago, Kansas City, and Minneapolis exchanges closed lower. The drop reflects ongoing concerns over supply outweighing demand.

Corn Futures Hold Gains Amid Export Sales and Ethanol Data

February 5, 2026, 1:05 AM EST. Corn futures edged up by a penny to 2 cents across key contracts on Wednesday, supported partly by a soybean rally. The national average Cash Corn price increased 2 cents to $3.96 1/4. USDA reported a private export sale of 130,480 metric tons of corn to undisclosed destinations. Weekly export data, expected Thursday, is projected between 0.8-2.1 million metric tons. Ethanol production fell to 956,000 barrels per day, down 158,000 from the prior week, while stocks dropped by 264,000 barrels to 25.136 million. South Korea privately tendered 65,000 metric tons of corn. March 2026 corn futures closed at $4.29 1/2, up 1 cent, reflecting steady demand amid tightening supply factors.

Soybeans Rally Following Positive U.S.-China Trade Talks

February 5, 2026, 1:03 AM EST. Soybeans surged with front month futures rising up to 27 ½ cents after a phone call between U.S. President Trump and China's President Xi. Trump signaled intentions to increase soybean purchases from 12 million metric tons (MMT) to 20 MMT for the current season. National average cash bean prices gained 26 1/4 cents to $10.27 3/4. Soymeal and soy oil futures also climbed, driven by improved trade sentiment. Traders now await Thursday's USDA Export Sales report, expecting soybean sales between 0.4 to 1.6 MMT for the week ending January 29. The talk boosts optimism ahead of official export data, highlighting the impact of geopolitical developments on commodity markets.

Cotton Futures Drop Despite Crude Oil Gains on Wednesday

February 5, 2026, 1:02 AM EST. Cotton futures declined modestly on Wednesday, with front-month contracts losing between 7 and 12 points. March 2026 cotton settled at 62.24 cents per pound, down 7 points, while May and July contracts also fell. Meanwhile, crude oil prices rose $1.26 to $64.47 per barrel, and the U.S. dollar index increased by 0.214 to 97.515. The Cotlook A Index, a global cotton price benchmark, dropped 45 points on February 3 to 73.35 cents. Certified cotton stocks on ICE rose by 2,247 bales to 36,515 on the same date. The USDA's Adjusted World Price was last updated to 50.23 cents per pound. Market watchers noted ongoing volatility amid commodity shifts, balancing cotton's slide with oil's strength.

Silver prices plunge 13% after brief recovery amid volatile trading

February 5, 2026, 12:52 AM EST. Silver prices plunged as much as 16% on Thursday, wiping out a two-day rebound and sliding 13% to $76.97 per ounce in spot trading. The metal's tumble follows a nearly 30% crash last Friday, after a record-breaking 146% rally so far this year. Analysts attribute the swings primarily to speculative flows, leveraged positions, and options-driven trading rather than physical demand. Liquidity tightening and raised margin requirements by metal exchanges have also amplified volatility. Goldman Sachs highlighted dealer hedging shifts and investor stop-outs as catalysts for cascading losses. Silver's correction dwarfs gold's, drawing parallels to meme stock surges due to detached, speculative activity. While fundamental demand remains for industrial and tech uses, market experts urge caution as speculation unwinds amid ongoing uncertainty.

Sensex Drops 400 Points Amid Global Tech Sell-Off; IT Stocks Show Resilience

February 5, 2026, 12:51 AM EST. The S&P BSE Sensex fell 448.57 points to 83,369.12 on Thursday morning, marking a pause after a recent rally triggered by the India-US trade deal. Early trading saw broad selling pressure, with the NSE Nifty50 slipping 144.95 points to 25,631.05. Gains were led by Hindustan Unilever and Infosys, while InterGlobe Aviation and Bharat Electronics declined sharply. The fall follows a global technology sell-off, including a 6% drop in India's IT index the previous day. Wall Street tech stocks, such as Alphabet and Advanced Micro Devices, also retreated amid cautious investor sentiment. Despite the global tech slump, Indian IT stocks showed slight gains early Thursday, easing concerns about further downside. Market volatility increased as midcap and smallcap indices declined, with most sectoral indices trading lower except for FMCG and PSU Banks.

Amgen (AMGN) Shows 27% Annual Gains but Discounted Cash Flow Model Indicates Undervaluation

February 5, 2026, 12:50 AM EST. Amgen's (AMGN) share price rose 27% over the past year amid positive sentiment in the large-cap biotechnology sector. Despite strong recent returns-6.8% in the past week and 10.9% over the last month-a Discounted Cash Flow (DCF) valuation model estimates Amgen's intrinsic share value at $642.27, approximately 43% above its current price, signaling potential undervaluation. The DCF approach discounts forecasted future free cash flows, with analysts projecting an increase from $8.4 billion to $15.8 billion by 2030. Amgen's valuation score of 4 out of 6 suggests undervaluation on several metrics, though not all. Investors should weigh these findings alongside market sentiment and Amgen's pipeline progress before reassessing the stock's appeal.

Essex Property Trust Shares Seen Undervalued Amid Recent Weakness

February 5, 2026, 12:49 AM EST. Essex Property Trust (ESS), trading near $252.57, is showing signs of undervaluation despite recent share price declines. The stock fell 11.4% over the past year but remains up 2.9% in the last week. A Discounted Cash Flow (DCF) model based on adjusted funds from operations projects an intrinsic value of approximately $364.50 per share, implying a 30.7% discount to current prices. This suggests potential value for investors as the model extends estimates through 2035. Essex's position in U.S. coastal multifamily housing and interest rate expectations have influenced short-term price movements, differing from its longer-term returns. The company scores highly on valuation metrics, making it an attractive candidate for watchlists and portfolios amid fluctuating market conditions.

Glanbia Shares Rise 2.1%, Valuation Suggests Undervaluation Amid High P/E Ratio

February 5, 2026, 12:48 AM EST. Glanbia (ISE:GL9) shares rose 2.1% to €16.75, following a 16.6% return over 30 days and a 23% total shareholder return in one year. Despite recent strength, shares trade at a 40% intrinsic discount with a fair value estimated at €17.74, supported by cost-saving programs aiming to improve EBITDA margins by 2027. However, the price-to-earnings (P/E) ratio stands at 39.7x, significantly above peers and sector averages, indicating possible valuation risks if earnings or sentiment falter. Investors must weigh the company's cash flow prospects against what they pay for each euro of earnings amid rising input costs and competitive pressures in U.S. markets.

ASX 200 afternoon report: Energy slips as US-Iran talks resume, metals tumble

February 5, 2026, 12:47 AM EST.Australian shares in the ASX 200 slipped Friday afternoon, led by a fall in the energy sector. Reports confirmed that US-Iran nuclear negotiations are back on for Friday in Oman, shaking energy markets. Precious metals experienced renewed volatility-silver plunged 15% to $73.50, gold dropped 3.3% to a low of $4789 after hitting a recent peak. Rare earths stocks reversed earlier gains, reacting to US Vice President JD Vance's proposal for a trade bloc with set price floors to protect non-Chinese suppliers-a move stirring concerns about market distortion and capped pricing power. Meanwhile, the technology sector steadied, recovering from a sharp 9.4% fall yesterday, reflecting buyer confidence amid mixed market signals.

Banco Comercial Português (BCP.LS) Leads EURONEXT Pre-Market with Strong Earnings Catalyst

February 5, 2026, 12:46 AM EST. Banco Comercial Português (BCP.LS) dominated EURONEXT pre-market trading at €0.94, exchanging 63.73 million shares, ahead of its earnings report on 25 February 2026. The Portuguese bank has gained 88.55% in the past year, attracting increased retail and institutional interest. With a price-to-earnings ratio of 15.54 below the sector average and a dividend yield near 3.22%, BCP.LS offers a relative value proposition. Technical indicators suggest neutral momentum, while Meyka AI rates the stock B+ with a strong buy recommendation. Key risks include credit costs and interest margin pressures amid Portugal's macro volatility. Traders are advised to consider tight risk controls amid high volume and upcoming earnings, which could trigger directional moves.

Sensex Drops Over 400 Points as Weak Global Cues and Metal Shares Hit Indian Markets

February 5, 2026, 12:36 AM EST. The Indian stock market slipped sharply on Thursday, with the Sensex down 421.55 points to 83,396.13 and the Nifty falling below 25,650 to 25,636.95. Selling pressure in metal stocks, triggered by global metal price declines, was a major driver alongside profit booking following recent gains linked to India-US trade optimism. Broad market weakness spread to mid and small-cap shares, with metal shares dropping nearly 2%. Mixed sectoral performance saw gains in IT and PSU banks amid ongoing concerns about AI disruption. Negative global cues from Asian markets and subdued foreign institutional investor inflows added to the pressure. Market participants remain cautious ahead of the Reserve Bank of India's upcoming monetary policy decision, expected to keep interest rates steady.

WA mother of autistic children shares journey after family tragedy

February 5, 2026, 12:35 AM EST. Jo Russell, a mother from regional Western Australia (WA), opens up about her struggles raising children with autism and disabilities amid a recent family tragedy involving a suspected double murder-suicide in Mosman Park. Russell, an ex-registered nurse and disability advocate, highlights the intense challenges of caregiving and isolation faced by families with complex needs. She shares how she reached a breaking point during the COVID-19 pandemic yet found strength to continue, emphasizing her children are a "gift" not a "burden." Russell aims to provide hope and encourage advocacy for families navigating similar battles. Support services for mental health and crisis intervention remain crucial for those in distress.

Medtronic (MDT) Valuation Overview Amid Recent Share Price Gains

February 5, 2026, 12:34 AM EST. Medtronic shares climbed to around $101.84, posting a 14.6% return over one year and 30.4% over three years. The medical devices giant scores 4 out of 6 on Simply Wall St's valuation, indicating undervaluation by several metrics. A Discounted Cash Flow (DCF) analysis estimates an intrinsic value near $105.86, suggesting MDT trades at a slight 3.8% discount, implying fair value. The DCF method discounts projected future cash flows to present terms, revealing Medtronic's potential to generate $10.11 billion in free cash flow by 2035. Its Price-to-Earnings (P/E) ratio stands at about 27.4x, below the Medical Equipment sector average. These factors signal MDT remains reasonably priced despite recent gains, but valuations can quickly change.

3 Asian Growth Companies Boasting Over 19% Insider Ownership

February 5, 2026, 12:33 AM EST. Investors are eyeing Asian growth companies with strong insider ownership amid volatile markets. Jiangsu Pacific Quartz leads with 31.6% insider stakes and projected earnings growth of 62.4%, despite margin pressures. Biopharma firm Suzhou Zelgen holds 28.3% insider ownership and trades 53% below fair value, signaling potential undervaluation. Other notable firms include technology and materials companies with insider holdings above 19%, highlighting alignment between management and shareholders. Insider ownership can signal confidence and stability, attracting investors amid uncertain market conditions in Asia.

US Stock Market Shows Resilience Amid Volatile Start to 2026

February 5, 2026, 12:32 AM EST. In early 2026, the U.S. stock market, exemplified by the S&P 500, underwent five episodes of sharp intraday declines followed by swift V-shaped rebounds. These swift recoveries occurred despite triggers like geopolitical tensions, tariff threats, sector-specific worries, and AI competition fears. Deutsche Bank's report highlights this pattern as a potential 'new normal,' suggesting that while volatility persists, the market resists sustained downturns unless there is a 'structural downgrade' in macroeconomic expectations. Analysts see these 'false dips' as frequent risk events failing to cause lasting damage, reflecting investor resilience amid uncertainty.

Indonesian Billionaires Urged to Increase Share Liquidity Amid Market Turmoil

February 5, 2026, 12:31 AM EST. Indonesia's stock market experienced its sharpest drop in nearly 30 years, revealing low liquidity as a major issue. A few billionaires control large stakes, with some owning over 85% of certain companies' shares, limiting freely tradable stock. Southeast Asia's richest individual holds more than two-thirds of Barito Renewables Energy, the country's largest listed firm. Regulators are pushing reforms requiring newly listed firms to double their minimum public free float (shares available for trading) to 15%, eventually extending this to existing companies. The move responds to concerns from index provider MSCI over the market's investability. Analysts say these ownership concentrations and opaque structures may enable price manipulation, as highlighted by recent market volatility.

Crude Oil Prices Surge Amid US-Iran Nuclear Talks Stalemate and Supply Concerns

February 5, 2026, 12:30 AM EST. Crude oil prices surged sharply, with March WTI crude closing up 3.05% and gasoline hitting a 2.5-month high, driven by stalled US-Iran nuclear negotiations. The US insists talks stay in Turkey, while Iran demands Oman, raising conflict risks that could disrupt key shipping lanes and 3.3 million barrels per day of Iranian crude output. Additional support came from a stronger-than-expected EIA report showing a fall in crude supplies. Market tensions also reflect recent geopolitical developments, including stalled Russia-Ukraine peace talks and a rollback of US tariffs on India tied to Russian oil imports. Meanwhile, rising Venezuelan crude exports add bearish pressure amid the complex global oil landscape.

Investing in TSX Amid Market Rally: Spotlight on 5N Plus and Skeena Resources

February 5, 2026, 12:17 AM EST. The TSX Composite index continues its strong rally driven by declining interest rates, favourable economic conditions, and robust corporate earnings. Investors remain cautious but opportunities persist for those selective and disciplined. Two standout TSX stocks are 5N Plus (TSX:VNP) and Skeena Resources (TSX:SKE). 5N Plus, a Montréal-based specialty semiconductor producer, has surged nearly 250% in a year, buoyed by demand in clean energy and space technologies. Its Q3 2025 revenue rose 33% year-over-year to US$105 million, with adjusted EBITDA jumping 86%. Meanwhile, Skeena Resources advances its Eskay Creek gold-silver project, attracting capital seeking durable growth in precious metals. These companies exemplify how the TSX rally rewards firms tied to structural growth and hard assets despite concerns of overheating.

Tencent Holdings Shares Seen Undervalued After Recent Price Drop, DCF Model Shows

February 5, 2026, 12:15 AM EST. Tencent Holdings (SEHK:700) shares have fallen 10.6% over the past month to HK$558.0 amid ongoing regulatory focus in China's tech sector. Despite this, the stock posted a 34.7% return over the past year. A discounted cash flow (DCF) valuation estimates Tencent's intrinsic value at HK$902.82, suggesting the shares are trading at a 38.2% discount based on projected future cash flows. Tencent scores 4 out of 6 on a valuation checklist, indicating partial undervaluation. The DCF model integrates analyst estimates and forecasts free cash flow rising to CN¥599.3 billion by 2035, supporting a bullish long-term outlook despite short-term volatility and sector-wide scrutiny.

Pinterest Reports Strong User Growth and Cash Margins Despite Share Price Decline

February 5, 2026, 12:14 AM EST. Pinterest (NYSE:PINS) saw an 11.2% rise in Monthly Active Users year on year, coupled with robust profitability driven by cost controls and strong cash flow, including a 28.3% EBITDA margin and 27.4% free cash flow margin. Despite this, the stock price dropped 25.2% year to date and 40.3% over the past year, reflecting disconnect between operational progress and market valuation. Analysts note the company's strategic focus on advertising tools, partnerships with Amazon and Google, and a growing Gen Z audience. Risks include expected earnings declines and high non-cash earnings, which may obscure profit quality. Investors will watch closely for future updates on user trends, cost management, and cash generation to gauge Pinterest's growth trajectory and capital allocation.

Stock Market Today

  • Shoplazza Awards Highlight AI-Driven, Sustainable Growth in E-Commerce at Nasdaq Tower
    February 5, 2026, 1:48 AM EST. Shoplazza celebrated its 2025 Awards at Times Square, spotlighting merchants embracing AI-driven, sustainable growth in online retail. Winners, showcased on the Nasdaq Tower, include global brands from electronics to fashion leveraging Shoplazza's platform for localized payments, multi-site management, and data-driven operations. Companies like GMKtec and SAFNIX illustrate a shift from supply-led exports to brand-led global expansion. Fashion and mobility winners, such as ICOICE and KuKirin, focus on direct-to-consumer models and integrated logistics. The awards confirm how unified commerce systems are key to scaling without upping complexity amid increasing market demands.
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