Public Markets 3h Briefing
×Earnings & Corporate Moves
Shake Shack wsj.com reported higher fourth-quarter profit as sales growth and operational improvements helped maintain margins amid industry headwinds. Hormel wsj.com logged higher profit and revenue in its fiscal first quarter as steps to improve profitability began yielding results. TD Bank wsj.com saw earnings jump in the first three months of its fiscal year with revenue growth across operations. Royal Bank of Canada wsj.com reported earnings growth despite an elevated credit-loss provision, driven by wealth management and personal banking. Vistra investing.com reported weaker quarterly earnings while offering its 2026 outlook. Warner Bros. Discovery investing.com topped earnings estimates amid an ongoing takeover battle.
Market Reactions & Stock Movements
Nvidia investing.com and Krispy Kreme rose in premarket trading while Salesforce fell. Krispy Kreme wsj.com saw fourth-quarter revenue decline after exiting underperforming locations, though margins improved amid its turnaround. Krispy Kreme investing.com surged on an earnings beat and turnaround progress. The company expects leverage to decline bloomberg.com further this year as it advances its recovery plan following the end of its US Mc Donald's partnership. Celsius investing.com jumped on strong fourth-quarter revenue that beat expectations. Nutanix investing.com shares soared 23% following an AMD partnership and solid quarterly results. Medmix investing.com shares fell 17% after FY25 revenue declined and the company cut its dividend by 80%.
Sector & Market Analysis
Argentine stocks bloomberg.com are missing out on Latin American equity gains as market euphoria over President Milei's election fades amid concerns about weak corporate earnings. Gildan wsj.com set lower-than-expected 2026 targets after a soft fourth quarter, tempering expectations from its recently closed Hanes Brands acquisition. J.M. Smucker investing.com rose as an earnings beat offset weaker sales guidance. ASICS bloomberg.com President and COO Mitsuyuki Tominaga discussed global growth strategies at a Bloomberg event in Tokyo. Ocado ft.com plans to cut 1,000 jobs and restructure its technology unit, warning that licensing business earnings will fall below expectations as clients scale back online grocery plans.
Macro & Policy Developments
WHO Chief Tedros bloomberg.com called the US decision to cut m RNA research funding "a wrong decision." Nigeria bloomberg.com extended a ban on shea nut exports by a year to boost domestic processing and curb raw commodity shipments. Clariant bloomberg.com expects customers to demand payback for tariff costs after the US Supreme Court invalidated Trump's global tariffs under economic emergency powers law. Tradeable bounce developing investing.com in software stocks, according to Raymond James. Capital Economics investing.com cited reasons for optimism on the S&P 500's outlook.
M&A & Investment
Equinix bloomberg.com and Canada Pension Plan Investment Board are nearing a $4 billion deal to acquire at North Holding AB, a pan-Nordic data center operator owned by Partners Group Holding AG. Syngenta Group bloomberg.com plans one of Hong Kong's biggest IPOs as markets rally, following a high-profile reversal on its public offering plans.