Morning Movers: Neogen skyrockets following Q2 results and raised FY26 guidance

Stock futures are under pressure as investors reassess early-2026 optimism. After major indexes hit record highs in recent sessions, profit-taking and risk aversion have taken hold, in part because traders are positioned for key economic data later this week, including the January jobs report.

Broader sentiment reflects a shift from the upbeat positioning seen at the start of the year to a more measured and selective market, with investors digesting geopolitical developments, mixed earnings cues and fresh macro indicators. 

In pre-market trading, S&P 500 futures fell 0.14%, Nasdaq futures fell 0.18% and Dow futures fell 0.38%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly. 

HIGHER – 

• Alphabet (GOOGL) up 1% after Cantor Fitzgerald upgraded the stock to Overweight from Neutral with a price target of $370, up from $310

UP AFTER EARNINGS –

• Neogen (NEOG) up 31%
• Commercial Metals (CMC) up 2%
• TD Synnex (SNX) up 1%
• Simply Good Foods (SMPL) up 1%

UP AFTER TRUMP REQUEST FOR INCREASED MILITARY BUDGET –

• AeroVironment (AVAV) up 10%
• Northrop Grumman (NOC) up 7%
• Lockheed Martin (LMT) up 6%
• L3Harris (LHX) up 6%
• Huntington Ingalls (HII) up 6%
• General Dynamics (GD) up 4%
• RTX (RTX) up 3%

DOWN AFTER EARNINGS –

• Helen of Troy (HELE) down 5%
• RPM (RPM) down 5%
• Acuity Brands (AYI) down 5%
• Lindsay (LNN) down 4%

LOWER –

• Alcoa (AA) down 4% after JPMorgan downgraded shares to Underweight from Neutral with a price target of $50, up from $45