With a market cap of $11.4 billion, Revvity, Inc. (RVTY) is a global health sciences company that provides advanced instruments, reagents, software, and services supporting diagnostics, genomics, drug discovery, and life sciences research. Shares of the Waltham, Massachusetts-based company have underperformed the broader market over the past 52 weeks. RVTY stock has declined 12.5% over this time frame, while the broader S&P 500 Index ($SPX) has gained nearly 13%. However, shares of the company have risen ...

Core Insights - The U.S. job market is expected to show an addition of 55,000 jobs in January, an increase from 50,000 in December, with a focus on health care employment [1][9] - The unemployment rate is projected to remain steady at 4.4%, which is considered low historically [2][9] Job Market Dynamics - Job gains are anticipated to be primarily in the health care sector, while opportunities in other fields are becoming scarcer due to a prevailing no-hiring mindset among employers [2] - The Federal Reserve is increasingly concerned about a potential rise in unemployment, as job openings in December were at their lowest since 2020, indicating a possible slowdown in job growth [3] Economic Implications - The upcoming report is crucial for assessing whether the job market is deteriorating and if a recent hiring slowdown is leading to significant job losses [4] - A revision of past job data is expected to reveal nearly a million fewer jobs added between March 2024 and March 2025 than previously reported, indicating a grim outlook for the job market [5][6] External Influences - Recent government policies, including tariffs and immigration restrictions, have contributed to uncertainty in the job market, affecting hiring and expansion plans [8][9] - The increasing use of AI technology is also leading some companies to reduce their workforce, further complicating the employment landscape [8]

It's the first week of February, and most Americans have recovered from the holiday hangover and stopped mistakenly writing the year 2025 in dates. While we are ready to turn the page on a rollercoaster 2025 and move on to 2026, some of the negative economic trends from last year appear to be spilling over into the new year. U.S.-based employers announced 71,321 job cuts in November, according to outplacement consultancy firm Challenger, Gray, & Christmas. The number for November 2025 was 24% higher th ...

Group 1 - The Challenger report indicates a total of 108,435 job cuts announced in January, marking the highest January total since 2009 [1] - Job cuts in January are up 205% from December, with only 5,306 employers announcing hiring plans, the lowest January total since 2009 [1] - The transportation sector experienced the most significant job cuts, primarily due to UPS announcing 30,000 job cuts, followed by Amazon with 16,000 [2] Group 2 - Health care also saw substantial job cuts, which is unusual for this sector [3] - It is important to note that the Challenger report reflects job cut announcements rather than actual cuts, and some announced cuts may not be executed [3] - Future jobless claims and payroll numbers will provide further insights into the actual impact of these announcements [3]

Core Viewpoint - U.S. stock futures indicate a subdued market opening, particularly in the technology sector, as investors await key economic data, including the employment report [1][5] Premarket Activity and Index Futures - S&P 500 futures are down 0.1% and Nasdaq futures are down 0.2%, while Dow Jones futures remain unchanged, reflecting a continuation of sector rotation [2] - The CBOE Volatility Index (VIX) rose 3.6% to 18.64, indicating increased investor apprehension [2] Major Index Performance Overview - On February 4, 2026, the Dow Jones Industrial Average rose 0.5% to 49,501.30, attributed to a rotation into value stocks [3] - The Nasdaq Composite fell 1.5% to 22,904.58, and the S&P 500 dropped 0.5% to 6,882.72, highlighting a divergence in index performance [3] Sectoral Performance - Technology Select Sector SPDR (XLK) fell 2.2%, Communication Select Sector SPDR (XLC) dropped 1.6%, and Health Care Select Sector SPDR (XLV) decreased by 1% [4] - Energy Select Sector SPDR (XLE) gained 3.2%, Materials Select Sector SPDR (XLB) rose 2.1%, Consumer Staples Select Sector SPDR (XLP) increased by 1.6%, and Utilities Select Sector SPDR (XLU) went up 1.5% [4] Upcoming Market Events - The Employment Situation report for January 2026 is scheduled for release on February 6, 2026, which will provide insights into the labor market [5] - The Consumer Price Index (CPI) for January 2026 is due on February 11, 2026, and the Producer Price Index (PPI) for January 2026 is set for February 27, 2026 [5] Major Stock News and Corporate Announcements - Amgen Inc. shares rose 8.2% after reporting adjusted earnings of $5.29 per share, exceeding expectations [7] - Advanced Micro Devices (AMD) reported non-GAAP earnings of $1.53 per share and revenues of $10.27 billion but saw a stock drop of 17.3% due to concerns over future revenue forecasts [8] - Uber Technologies (UBER) stock fell 5.1% after reporting quarterly results that missed expectations and provided a weaker profit forecast [9] - Lumentum Holdings Inc. shares surged 47% after reporting adjusted earnings of $1.67 per share, surpassing estimates [10] - Chipotle Mexican Grill Inc. advanced 1.9% after posting fourth-quarter earnings that exceeded estimates, despite issuing weak guidance [11] Broader Market Trends - Alphabet (GOOGL) shares fell 3% despite a 30% increase in fourth-quarter profits, due to projected heavy spending on AI projects [13] - Qualcomm (QCOM) stock dropped nearly 12% after warning of an industry-wide memory shortage impacting future results [13] - The cryptocurrency market saw Bitcoin fall nearly 5%, affecting related stocks like Robinhood Markets Inc. [14]

Core Viewpoint - Johnson & Johnson will present at the TD Cowen 46th Annual Health Care Conference on March 3rd, 2026, with management participating in a Fireside Chat at 11:10 a.m. Eastern Time [1]. Group 1 - The presentation will be accessible via a live audio webcast on Johnson & Johnson's Investor Relations website [1]. - An archived edition of the session will be available later on the same day [1]. Group 2 - The audio webcast replay will be available approximately 48 hours after the initial webcast [2].

Group 1: U.S. Stock Market Overview - U.S. stocks traded mixed, with the Dow Jones index falling more than 300 points, down 0.68% to 49,074.36, while the NASDAQ gained 0.56% to 23,732.71 and the S&P 500 rose 0.23% to 6,966.23 [1] - Information technology shares increased by 0.9%, while health care stocks fell by 1% [1] Group 2: General Motors Financial Performance - General Motors reported fourth-quarter adjusted earnings per share of $2.51, a 30.4% year-over-year increase, surpassing the analyst consensus estimate of $2.20 [2] - Quarterly sales reached $45.287 billion, which was below the expected $45.804 billion [2] Group 3: General Motors Corporate Actions - General Motors' Board of Directors approved a 3 cents per share increase in the quarterly common stock dividend rate to 18 cents per share [3] - The company also authorized a new $6 billion share repurchase program [3] Group 4: Commodity Market Update - Oil prices increased by 1.1% to $61.29, while gold prices decreased by 0.1% to $5,081.50 [4] - Silver prices fell by 3.1% to $111.965, and copper prices dropped by 2% to $5.8995 [4] Group 5: European Market Performance - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.4%, Spain's IBEX 35 Index up by 0.3%, and London's FTSE 100 increasing by 0.6% [5] - Germany's DAX fell by 0.1%, while France's CAC 40 rose by 0.4% [5] Group 6: Asian Market Performance - Asian markets closed higher, with Japan's Nikkei gaining 0.85%, Hong Kong's Hang Seng Index up by 1.35%, China's Shanghai Composite rising by 0.18%, and India's BSE Sensex increasing by 0.39% [6] Group 7: Notable Stock Movements - X3 Holdings Co Ltd shares surged 135% to $0.63 after a 94% increase on Monday [8] - Nuwellis Inc shares rose 112% to $4.56 after a 3% decline on Monday [8] - INVO Fertility Inc shares increased by 64% to $1.98 [8] - Dogness International Corp shares dropped by 44% to $1.50, and Twin Hospitality Group Inc shares fell by 40% to $0.32 after filing for Chapter 11 [8] - FAT Brands Inc shares decreased by 24% to $0.30 after commencing Chapter 11 [8]

Core Viewpoint - The ASX health care sector faced significant challenges in 2025, with CSL Limited and Pro Medicus Limited experiencing substantial declines, leading to a 24% drop in the ASX health care index over the past year. This situation reflects a reset in valuation and investor expectations rather than a fundamental collapse in the companies' operations [2]. Group 1: CSL Limited - CSL's shares have decreased by over one-third in 2025 due to a downgrade in financial projections, a paused spin-off, and lower influenza vaccination rates in a volatile US market [3]. - Despite the downturn, CSL remains a global leader in plasma therapies and vaccines, with a strong portfolio and a robust R&D pipeline. The core business fundamentals are intact, but investor expectations have been reassessed, creating a potentially improved risk-reward scenario [3][12]. - The company is expected to benefit from a cost savings program, and investors are advised to monitor gross margin stabilization before making further commitments [3]. Group 2: Pro Medicus Limited - Pro Medicus has seen a sell-off not due to business failures but because its share price had surged excessively, trading at over 300 times forward earnings [8]. - The company boasts exceptional operating earnings margins exceeding 70% and is recognized for its critical enterprise imaging software used in leading hospitals, indicating strong economic fundamentals [8]. - With ongoing growth in US hospitals and advanced technology, Pro Medicus presents a potential opportunity for investors to dollar cost average into a high-quality company [9]. Group 3: Market Sentiment and Future Outlook - The market has not abandoned CSL and Pro Medicus; rather, it has recalibrated the price investors are willing to pay for their earnings, reflecting a reassessment of their valuations [12]. - Both companies maintain world-class intellectual property, high returns on capital, and strong customer relationships, suggesting that the risk-reward profile may have improved following the sell-off [12]. - These companies are recommended for consideration on watchlists for investors looking to gain exposure to the global health care sector's tailwinds [13].

Labor Market Overview - The U.S. labor market ended 2025 with lower-than-expected job creation, adding 50,000 nonfarm payrolls in December, down from a revised 56,000 in November and below the Dow Jones estimate of 73,000 [1] - The unemployment rate decreased to 4.4%, better than the forecast of 4.5%, while a broader measure of unemployment fell to 8.4%, down 0.3 percentage points from November [2] Employment Trends - The report indicates a mixed labor market, with companies showing low hiring levels but households reporting employment gains, suggesting a cautious hiring environment [3] - For the full year, payroll gains averaged 49,000 per month, significantly lower than the 168,000 average in 2024 [4] Sector Performance - Job gains in December were led by the restaurant and bar sector, which added 27,000 jobs, followed by healthcare with 21,000 and social assistance with 17,000, while retail saw a decline of 25,000 jobs [4] Wage Growth - Average hourly earnings increased by 0.3% for December, aligning with forecasts, while the annual increase reached 3.8%, exceeding expectations by 0.2 percentage points [4] Economic Indicators - The Atlanta Fed's measure indicates a projected GDP growth of 5.4% annualized in Q4, following a 4.3% growth rate in Q3, reflecting strong consumer spending during the holiday season [6] - Online spending during the holiday season rose by 6.8% year-over-year, reaching a record $257.8 billion [6] Federal Reserve Outlook - Federal Reserve officials are closely monitoring the labor market for guidance on interest rate decisions, with expectations that the Fed will maintain current rates following recent cuts [5][7]

Market Overview - The VIX index settled at its lowest level in 12 months, indicating low volatility in the market, while equities are near all-time highs, suggesting that option premiums for hedging are relatively cheap [2][3] - Despite low volatility, historical trends suggest that such low levels of the VIX do not last long, typically only a few sessions [5] Economic Indicators - Recent consumer confidence data showed a reading of 89.1, below the estimate of 91, but above the previous reading of 88.7, indicating mixed consumer sentiment [6] - The GDP growth for Q3 was reported at over 1% above expectations, but there are concerns about the reliability of this data due to significant month-over-month changes, particularly an 18% increase in consumer exports from August to September [10][11] Consumer Behavior - There appears to be a bifurcation in the economy where consumer confidence is low, yet spending remains robust, supporting economic activity [7] - The healthcare sector is noted as a strong area for job growth, while manufacturing shows signs of weakness [17][18] Interest Rates and Monetary Policy - Expectations for a Fed rate cut in January have decreased significantly, from above 25% to 13%, reflecting market skepticism about the need for further cuts given the current economic data [19] - The Fed's potential for rate cuts may be limited if GDP growth remains strong, with the possibility of only one cut as an insurance measure to boost employment [17][19] Commodity Market Insights - The commodity market is experiencing strength, with gold reaching an all-time high above $4500 per ounce and silver also hitting record levels, driven by inflation concerns and economic growth [20][21] - Structural supply shortages in copper are expected to support prices, and there is anticipation of significant inventory builds in the grain markets [22][23] - The physical commodities market is likely to benefit from ongoing economic expansion, with potential impacts on housing market prices due to rising input costs [24][25]