Midday Fly By: Workday, Lowe’s in focus after earnings

The major averages were broadly higher for the second day in a row, with tech stocks leading the way as markets trade with a cautiously optimistic tone mid-week and investors position ahead of a pivotal earnings catalyst. At the center of attention is Nvidia’s quarterly earnings report, which dominates market narratives and beta positioning. Nvidia’s stock edged up in morning trading as investors look for strong data-center revenue growth and robust AI demand.

Claim 30% Off TipRanks

Looking to commodities, gold was fractionally higher as the “safe haven” asset remains firmly above the $5,000 mark. Oil was fractionally lower though still near its year-to-date high following the release of crude inventory data.

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

1. STOCK NEWS:

• Workday (WDAY) reported upbeat Q4 results but provided a guidance that prompted downgrades and price target cuts
• Lowe’s (LOW) reported better-than-expected Q4 results but provided a FY26 revenue outlook that missed consensus at its mid-point
• HP Inc. (HPQ) reported upbeat Q1 results and reiterated its FY26 guidance, but pointed toward the lower-end
• TJX (TJX) reported better-than-expected quarterly earnings, announced plans to raise its quarterly dividend, and announced a new $3B stock repurchase program authorization
• (WHR) board over its “unnecessary dilution”

2. WALL STREET CALLS:

• Oppenheimer (ORCL) to Outperform after pullback
• UBS (IBM) to Neutral on more balanced risk/reward
• Fox Corp. (FOXA) double downgraded to Underperform from Buy at BofA on risk from upcoming NFL renewal
• Molson Coors (TAP) downgraded to Underperform at BofA
• Workday (WDAY) downgraded at TD Cowen and Evercore ISI after earnings

3. AROUND THE WEB:

• CoreWeave (CRWV) is seeking an $8.5B loan from banks, backed by a contract Meta (META) signed last year to pay CoreWeave up to $14.2B for its services, and a separate agreement valued at more than $5B, Bloomberg reports
• Deutsche Bank (DB) and General Dynamics (GS) are looking to AI to bolster trading surveillance and track potential misconduct, Bloomberg says
• Michael Weaver, the chief communications officer of Wynn Resorts (WYNN), said in an email Tuesday that the company learned that “an unauthorized third party acquired certain employee data,” and that the company launched an investigation and brought in external cybersecurity experts, Reuters reports
• Newmont (NEM) plans to invest approximately $800M in Argentina’s Cerro Negro mine, the country’s Economy Minister, Luis Caputo, said, Reuters says
• After Blue Owl (OWL) announced it was selling $1.4B in loans to give money back to investors in certain funds and ending quarterly redemptions in one of its funds, the firm’s shares and those of other private-credit lenders slid, WSJ says

4. MOVERS:

• Acadia Healthcare (ACHC) increases after reporting Q4 results and providing guidance for FY26
• CCC Intelligent (CCC) gains after reporting Q4 results and providing guidance for Q1 and FY26
• Clear Secure (YOU) and Evolent Health (EVH) higher in New York after reporting quarterly results
• Intuitive Machines (LUNR) falls after announcing a $175M equity investment by investors
• Allot (ALLT) lower in New York after reporting Q4 results and providing guidance for FY26

5. EARNINGS/GUIDANCE:

• Centuri (CTRI) reported Q4 results and provided guidance for FY26
• Newmark (NMRK) reported Q4 results, with EPS beating consensus
• Oddity (ODD) reported Q4 results and gave an outlook that prompted a downgrade of its shares at Jefferies
• Valens Semiconductor (VLN) reported Q4 results and provided guidance for Q1 and FY26
• Hayward (HAYW) reported Q4 results, with CEO Kevin Holleran commenting, “Hayward delivered a strong fourth quarter, outperforming expectations and building on our momentum”

INDEXES:

Near midday, the Dow was up 0.52%, or 256.27, to 49,430.77, the Nasdaq was up 1.09%, or 248.57, to 23,112.25, and the S&P 500 was up 0.70%, or 48.25, to 6,938.32.