Midday Fly By: Coinbase, Pinterest report lower-than-expected Q4 results

The major averages were higher near noon as traders digest a slate of earnings releases as well as the January consumer price index release. The Bureau of Labor Statistics said that CPI for last month rose 0.2%, reflecting a gain of 2.4% on an annualized basis. Both inflation figures were lower than consensus estimates of 0.3% and 2.5%, respectively.

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Looking to commodities, gold was trading higher once again, surpassing the $5,000 threshold as precious metals continue to show signs of strength as a defensive hedge. Oil, meanwhile, was fractionally lower to cap off an otherwise strong week for the commodity.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.

1. STOCK NEWS:

• Pinterest (PINS) reported mixed Q4 results and provided a lower-than-expected outlook for Q1
• Airbnb (ABNB) reported downbeat Q4 earnings but better-than-expected revenue
• DraftKings (DKNG) reported lower-than-expected Q4 results and provided downbeat FY26 revenue guidance
• Coinbase (COIN) reported downbeat Q4 earnings and revenue
• Alibaba (BABA) will be added to a U.S. list of firms aiding China’s military, Reuters reports

2. WALL STREET CALLS:

• Pinterest (PINS) was downgraded to Neutral or equivalent ratings by at least 8 firms after earnings
• Roku (ROKU) upgraded to Buy at Rosenblatt
• Airbnb (ABNB) upgraded to Outperform at Evercore ISI and to Buy at Deutsche Bank
• Norwegian Cruise Line (NCLH) downgraded to Neutral at JPMorgan
• Merck (MRK) upgraded to Buy at Deutsche Bank

3. AROUND THE WEB:

• GE Aerospace (GE) is making a switch to robots to ease one of aviation’s biggest bottlenecks: overloaded repair shops and scarce parts, Reuters reports
• Russia has blocked WhatsApp, citing Meta‘s (META) “unwillingness to comply with Russian law,” and is proposing that Russians switch to the state-owned Max app, Reuters reports
• Amazon (AMZN) is directing internal teams to use its in-house AI coding assistant, Kiro, for production work, a move that has drawn criticism from roughly 1,500 employees advocating for the use of Anthropic’s Claude Code instead, Business Insider says
• U.S. prosecutors confirmed that Peter Williams, former head of L3Harris’ (LHX) Trenchant, pleaded guilty to stealing and selling eight sophisticated hacking tools, earning over $1.3M in cryptocurrency between 2022 and 2025, TechCrunch reports
• Microsoft (MSFT) is planning to pursue “true self-sufficiency” in the AI space by building its own models and reducing reliance on OpenAI, FT says

4. MOVERS:

• TRI Pointe (TPH) increases after announcing it will be acquired by Sumitomo Forestry for $47.00 per share in cash
• Corsair Gaming (CRSR) gains after reporting Q4 results, providing guidance for Q1 and FY26, and announcing its Board authorizes the repurchase of up to $50M shares
• Rivian (RIVN) and Magna (MGA) higher in New York after reporting quarterly results
• Bright Horizons (BFAM) falls after reporting Q4 results and providing guidance for FY26
• Fortune Brands (FBIN) lower after reporting Q4 results and appointing Banati as CEO

5. EARNINGS/GUIDANCE

• Moderna (MRNA) reported Q4 results, with EPS and revenue beating consensus
• Instacart (CART) reported Q4 results, with the company commenting, “In Q4, we delivered our strongest quarterly GTV growth in three years”
• Wendy’s (WEN) reported Q4 results and provided guidance for Fy256
• Wynn Resorts (WYNN) reported Q4 results, with EPS missing consensus
• Dauch Corporation (DCH) reported Q4 results and provided guidance for FY26

INDEXES:

Near midday, the Dow was up 0.43%, or 210.88, to 49,662.86, the Nasdaq was up 0.31%, or 69.77, to 22,666.91, and the S&P 500 was up 0.54%, or 37.18, to 6,869.94.