Monday, February 9th, 2026
Pre-market futures are slightly rolling off an impressive trading day on Friday, which saw the blue-chip Dow close over 50K for the first time in history. For all the handwringing we had been seeing last week, with AI/software investments rotating out of favor, only the Nasdaq is trading lower from the start of the year.
Currently, the Dow is trading down -55 points, the S&P 500 is -9, and the Nasdaq -56 points. The small-cap Russell 2000 is officially in the green presently, but basically flat ahead of the open. Already we are off early-session lows at this hour.
Q4 Earnings Update to Start a New Week
Q4 earnings season has already seen many of its marquee names report so far, but the sheer number of companies reporting increases this week. The focus — instead of Big Banks or most of Mag 7 — on higher-profile companies reporting is Consumer Discretionary: Coca-Cola KO, Shopify SHOP, McDonald's MCD, Coinbase COIN and Expedia EXPE. We’ll also hear from Ford F, Cisco CSCO and many others.
Incidentally, the one remaining “Mag 7” stock, NVIDIA NVDA — also the biggest, with a market cap of $4.5 Trillion — doesn’t come out with earnings until two weeks from Wednesday. The Zacks Rank #2 (Buy)-rated chipmaker is still expecting absolutely stellar growth numbers: +70.8% on earnings, year over year, and +66.7% on revenues.
Ahead of today’s open, steel-producing major ClevelandCliffs CLF outperformed on its Q4 bottom line — reporting -$0.43 per share versus expectations for -$0.62, for a +30.65% earnings surprise. However, revenues of $4.31 billion in the quarter missed consensus by -6.7%. Shares are trading down -3.6% presently, but still up +7% from the start of the year. For more on CLF’s earnings, click here.
Sally Beauty SBH was also mixed in its fiscal Q1 report ahead of today’s open, beating on earnings by a penny to 48 cents per share on $943.17 million in revenues, which was a hair light (-0.08%) of estimates. Shares of SBH are also selling off -3.5% at this hour, but still +10% year to date. For more on SBH’s earnings, click here.
Important Week for Economic News
Thanks to another delay in the U.S. Bureau of Labor Statistics’ (BLS) Employment Situation report, the January release comes this Wednesday morning. Expectations are low: only 55K new jobs look to have been filled last month (though this would still be more than twice what ADP’s private-sector payrolls showed for January) on a steady +4.4% Unemployment Rate, which remains historically low.
Another important economic report will be Friday morning’s Consumer Price Index (CPI) for January. Month over month, we expect +0.3% growth on both headline and core (subtracting volatile food and energy prices), with an Inflation Rate (headline CPI, year over year) of +2.5% — another healthy print for the overall economy, should it come to pass.
Elsewhere, we’ll get a look at Import and Export Prices, Retail Sales and the latest NFIB Small Business Optimism survey — all expected tomorrow. Thursday morning, as per typical, brings us Weekly Jobless Claims. In all, we will have a much better view of the overall economy by the end of this week.
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CocaCola Company (The) (KO) : Free Stock Analysis Report
Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report
McDonald's Corporation (MCD) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Expedia Group, Inc. (EXPE) : Free Stock Analysis Report
Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report
Sally Beauty Holdings, Inc. (SBH) : Free Stock Analysis Report
Shopify Inc. (SHOP) : Free Stock Analysis Report
Coinbase Global, Inc. (COIN) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
