Market Overview - Major U.S. equities indexes moved higher, with the S&P 500 advancing 0.8% and closing three points below its record-high set in February [1] - The Dow increased by 0.9%, while the Nasdaq gained 1% [1] Company Performances - Enphase Energy (ENPH) stock surged 12.8% due to reports of potential changes in the budget bill that would maintain federal tax credits for residential rooftop solar installations [2] - Freeport-McMoRan (FCX), a major copper producer, saw its shares jump 6.9% as copper prices rose, driven by increased imports to the U.S. and strong demand from China [3] - Albemarle (ALB) stock gained 5.6%, although lithium prices remain depressed despite rising demand, with producers working on cost reductions [4] - Coinbase Global (COIN) shares advanced 5.5% following a price target boost from analysts, highlighting its market dominance in cryptocurrency financial services [5] - Equinix (EQIX) shares fell 9.6% after an analyst day revealed tapering growth forecasts for adjusted funds from operations, leading to downgrades from analysts [6] - Fair Isaac (FICO) stock declined 4.1% after announcing the incorporation of buy now, pay later activity into its credit scores, reversing earlier gains [7]

Core Insights - Nike's fiscal fourth-quarter sales and profits declined year-over-year, but the results were better than analysts expected, indicating progress in the company's turnaround plan [1][2] - Revenue fell 12% year-over-year to $11.1 billion, while net income dropped to $211 million, or 14 cents per share, down from $1.5 billion, or 99 cents per share, in the previous year [1] - The results mark the third quarter under CEO Elliott Hill, who took over in October, and the company anticipates improvements moving forward as its portfolio shifts begin to take effect [2] Financial Performance - Revenue for the quarter was $11.1 billion, a 12% decrease from the previous year [1] - Net income decreased to $211 million, or 14 cents per share, compared to $1.5 billion, or 99 cents per share, in the same quarter last year [1] - Despite the decline, both revenue and net income exceeded analyst expectations [1] Market Reaction - Nike shares fell approximately 1% in extended trading following the earnings report [3] - The stock has experienced a 17% decline for the year 2025 up to Thursday's close [3]

Group 1 - Nvidia's latest earnings report negatively impacted markets, despite some positive indicators in the S&P 500's performance [1][5] - The S&P 500 reported an earnings growth of nearly 18%, the highest since Q4 2021, with 77% of companies exceeding EPS estimates, consistent with the five-year average [1][5] - The financial sector was the top performer, achieving a 55% growth in earnings during the reporting season [2] Group 2 - The term "tariffs" was frequently mentioned in earnings calls, with 221 companies discussing it, indicating its significance as a corporate issue [3][5] - U.S. President Donald Trump announced that tariffs on Mexico and Canada would start on March 4, with additional tariffs on China, raising concerns about inflation and economic growth [4] - FactSet reported that 72 companies provided negative EPS guidance, surpassing the five-year average of 56 [4]

Core Insights - Meta Platforms plans to launch a standalone Meta AI app in the second quarter, aiming to compete with rivals like OpenAI and Google's Alphabet [1][4] - CEO Mark Zuckerberg stated that Meta AI could reach 1 billion users this year, with the assistant already having 700 million monthly active users [2] - The company is projected to spend $60 billion to $65 billion on AI in 2024, a significant increase from $39 billion [2] - Meta is exploring a subscription-based model for the app, similar to offerings from competitors [3][4] - Meta's shares gained less than 1% in extended trading after a 2% decline in the regular session, with a total increase of about 12% since the beginning of the year [3]

Group 1 - HP reported fiscal first-quarter sales of $13.5 billion, a 2.4% year-over-year increase, exceeding analyst estimates [1] - Adjusted earnings per share (EPS) decreased to 74 cents from 81 cents a year ago, aligning with expectations [1] - For the second quarter, HP projected adjusted EPS between 75 cents and 85 cents, with analysts anticipating 84 cents at the higher end of the range [1] Group 2 - The company's outlook reflects expectations of higher costs due to U.S. tariff increases on China and associated mitigations [2] - HP aims to diversify its supply chain, expecting over 90% of products sold in the U.S. to be manufactured outside of China by the end of 2025 [2] Group 3 - HP recently reached a $116 million deal to acquire AI technology and personnel from Humane, which will contribute to a new AI innovation lab called HP IQ [3] - Following the earnings report, HP shares fell nearly 4% in extended trading, although they have increased approximately 17% over the past year [3]

Market Overview - Major U.S. equities indexes experienced declines as investors reacted to new tariff announcements and a drop in Nvidia shares, which fell 8.5% despite solid earnings [1] - The S&P 500 decreased by 1.6%, while the Nasdaq fell 2.8% due to weakness in technology stocks, and the Dow Jones Industrial Average ended 0.5% lower [2] Company-Specific Developments - Teleflex (TFX) shares dropped 21.7% after announcing plans to split into two companies [2] - Super Micro Computer (SMCI) fell 16% following reports of two officers filing to sell shares, alongside a delayed annual report [3] - Viatris (VTRS) stock declined by 15.2% due to weaker-than-expected earnings and a disappointing outlook, impacted by regulatory actions affecting profits [3] - Vistra Corp. (VST) shares decreased by 12.3% despite better-than-expected earnings, as other AI-related stocks also lost ground [4] - Invitation Homes (INVH) stock rose by 5.5% after reporting quarterly revenue and net income that exceeded analyst estimates [5] - Warner Bros. Discovery (WBD) shares increased by 4.7% after reporting weaker-than-expected earnings but providing a positive streaming outlook [6] - Allstate (ALL) shares rose 3.5% following the announcement of a dividend increase and a $1.5 billion share buyback program [6] - Universal Health Services (UHS) saw a 3.3% increase in shares after reporting better-than-expected earnings and a positive revenue outlook [7]

Core Insights - U.S.-listed shares of WPP Plc fell 15% following a decline in revenue and soft guidance, particularly in North America and China [1][5] Financial Performance - WPP reported a 2.3% year-over-year decline in fourth-quarter like-for-like revenue less pass-through costs, with North America down 1.4% and the U.K. down 5.1% [2] - Revenue less pass-through costs in China dropped significantly by 21.2%, while Western Continental Europe saw a modest gain of 1.4% [2] Management Commentary - CEO Mark Read indicated that sales were affected by weaker client discretionary spending and expressed caution regarding the macro environment [3][5] - Despite the challenges, the CEO remains confident in medium-term targets, emphasizing a focus on innovation and operational excellence to support growth [3] Guidance and Market Reaction - WPP's full-year guidance for like-for-like revenue less pass-through costs is expected to be flat to down 2%, which is below the Visible Alpha estimate of a 0.35% increase [3] - The disappointing guidance has resulted in U.S.-listed shares of WPP entering negative territory for the past year [4]

Core Insights - Snowflake's shares increased by 13% in premarket trading following the release of better-than-expected financial results and a positive outlook driven by strong demand for AI products [2][4] - The company reported fiscal 2025 Q4 adjusted earnings per share (EPS) of $0.30, with revenue rising 27% year-over-year to $986.8 million, surpassing analyst expectations of $0.18 EPS and $957.6 million in revenue [2][3] Financial Performance - Product revenue reached $943.3 million, reflecting a 28% increase and exceeding estimates [3] - For the current quarter, Snowflake projects product revenue between $955 million and $960 million, indicating a year-over-year growth of 21%-22% [3][4] Market Outlook - Management highlighted improved visibility into upcoming AI product launches, which are expected to drive significant growth acceleration in the second half of the fiscal year [3][4] - Citi analysts maintain a "buy" rating on Snowflake's stock, indicating confidence in the company's future performance [3]

Group 1 - Salesforce reported fiscal fourth-quarter revenue of $9.99 billion, an 8% year-over-year growth, which was slightly below analyst expectations [1] - Adjusted earnings per share for the fourth quarter were $1.75, compared to $1.74 a year earlier, but missed estimates [1] - Shares of Salesforce fell about 5% in extended trading following the earnings report, and have lost approximately 8% since the beginning of the year [3] Group 2 - For fiscal 2026, Salesforce projected full-year revenue between $40.5 billion and $40.9 billion, and adjusted EPS between $11.09 and $11.17, both below analyst consensus [2] - The analyst consensus for revenue was $41.32 billion and for EPS was $11.19 [2] - Salesforce announced that former Gilead Sciences CFO Robin Washington will join the company as chief operating and financial officer on March 21 [2]

Nvidia (NVDA) reported fiscal fourth-quarter earnings that exceeded analysts' expectations, as demand for artificial intelligence powered sales to a fresh high. The chipmaker posted record quarterly revenue of $39.33 billion, up 78% year-over-year and above the analyst consensus from Visible Alpha. Adjusted net income of $22.07 billion was up 72% from a year earlier and topped expectations. Sales from Nvidia's data center segment, representing the bulk of the chipmaker's revenue, nearly doubled to a record ...