Jan 27, 2026 — Radware Ltd. (RDWR) reported fourth-quarter net income of $6 million, or 13 cents per share, with adjusted net income of 32 cents per share. Revenue for the quarter totaled $80.2 million. For the year, the company posted net income of $20.3 million, or 45 cents per share, and revenue of $301.9 million.

Generac Holdings Inc. (GNRC) reported a fourth-quarter loss of $24.5 million, or 42 cents per share, with adjusted earnings of $1.61 per share. Revenue for the quarter was $1.09 billion, both results missing analyst forecasts of $1.81 per share and $1.17 billion, respectively. For the year, the company posted a profit of $159.6 million, or $2.69 per share, on revenue of $4.21 billion.

The maker of automotive components, BorgWarner (BWE), will host its Q4 2025 earnings conference call at 9:30 AM Eastern Time on February 13, 2026. The call will review fourth-quarter financial results, including revenue, gross margin, and operating income, and provide guidance for the first quarter. The company will also discuss macroeconomic headwinds, including global auto demand and supply chain disruptions, and strategic initiatives to improve profitability and growth.

Cisco Systems (CSCO) will host its Q2 2026 earnings conference call at 4:30 PM ET on April 27, 2026. The call will provide an update on second-quarter financial results, revenue performance, and guidance for the third quarter. Key participants include CFO John Stossel and President and COO Renee James. The company will also address macroeconomic impacts on its networking and security divisions. A live webcast will be available on Cisco's investor relations website and major financial news platforms.

Humana (HUM) will hold its Q4 2025 earnings conference call at 8:00 AM Eastern Time on February 13, 2026. The call will review fourth-quarter financial results, including revenue, operating income, and key drivers of performance. Management will discuss strategic initiatives, product launches, and guidance for 2026. The live webcast will be available on Humana’s investor relations website and major financial news platforms. The company is expected to report a decline in annualized revenue per member (ARPM) due to lower insurance premiums and increased claims processing costs, reflecting ongoing pressure on healthcare spending.

Netease (NET) will host its Q4 2025 earnings conference call at 7:00 AM Eastern Time on February 14, 2026. The call will provide an update on the company’s fourth-quarter financial results, including revenue, net income, and operating expenses. The company will also discuss guidance for the first quarter of 2026 and address questions from analysts and investors. The live webcast will be available on the company’s investor relations page, with a replay accessible for 90 minutes following the call.

Hilton Worldwide Holdings, Inc. (HLT) released Q4 2025 results, reporting revenue of $4.2B, up 12% YoY, and EPS of $1.15, exceeding Street expectations. The rebound followed a difficult 2024, with 2025 revenue up 10% YoY to $17.6B and operating income rising 22% to $1.1B. Management attributed the improvement to cost discipline, pricing optimization, and a faster recovery in leisure travel demand. The company reiterated 2026 guidance of $1.25-$1.30 EPS, reflecting confidence in continued recovery.

Vertiv Holdings (VTRI) released its fourth-quarter results, reporting a 8% increase in net income to $193.6 million, driven by strong demand in data center services and infrastructure solutions. Revenue climbed 6% year-over-year to $2.38 billion, reflecting higher leasing activity and improved operational efficiency. The company attributed the gains to continued growth in cloud computing demand and strategic cost optimization initiatives. The results were announced on February 11, 2026 (UTC).

Avantor, Inc (ANT) reported a decline in Q4 earnings on February 11, 2026, as higher supply chain and raw material costs offset gains from its biologics and life sciences solutions. The company posted revenue of $483.7 million, a 4.2% increase from the prior-year period, but earnings per share (EPS) fell to $0.36 vs. $0.41 in Q4 2024. Management attributed the earnings miss to inflation-driven input price increases and a shift in demand mix. The stock closed at $42.15 on the NYSE, down 2.8% in after-hours trading following the release.

Humana Inc. (HUM) reported a fourth-quarter loss of $796 million, or $6.61 per share, with an adjusted loss of $3.96 per share. Revenue for the period was $32.52 billion, with adjusted revenue at $32.64 billion, both exceeding analyst forecasts. The average estimate for adjusted EPS was $4.01 per share, and for adjusted revenue, $31.88 billion. The company expects full-year earnings of $9 per share.

Humana (HUMN) on February 11, 2026, forecast full-year 2026 adjusted profit of at least $9 per share, below the average analyst estimate of $11.92 per share, citing lower quality ratings for its Medicare Advantage plans for older adults. The stock fell 5% before the bell following the news.

Feb 11, 2026 - A broad software stock selloff is stalling mergers, acquisitions and IPOs as volatility erodes reliable valuations and buyer confidence. The S&P 500 Software & Services Index posted its worst three-month performance since May 2002, while the sector remains about 25% below its October 28 high as the S&P 500 gains.

Dealers note pricing is increasingly volatile, with revenue multiples moving too quickly for buyers and sellers to agree. AI disruption and fear-driven trading are key factors, leading to more take-private transactions, repriced deals and IPO deferrals. Examples include Brex’s $5.15B sale to Capital One and OneStream’s January $6.4B private buyout despite a $6B IPO valuation.

Activity extends to Europe, with RELX and Wolters Kluwer down about 20%, and private credit exposure rising as software firms account for roughly 16% of the $1.5 trillion U.S. private credit market. Despite volatility, private equity partners are actively seeking software acquisitions, signaling potential buying opportunities.

Amazon Pharmacy will expand same-day delivery of prescriptions to about 4,500 U.S. cities and towns by December 31, 2026, adding nearly 2,000 new communities, including Idaho and Massachusetts. The service, launched in 2018 via the acquisition of PillPack, recently began delivering WeightWatchers medications, including injectable GLP-1 treatments, and filling some prescriptions at One Medical kiosks. One Medical, acquired by Amazon in 2023, charges $199 per year for primary and urgent care.

Crude oil extends gains as escalating Middle East tensions over Iran outweigh a record build in U.S. oil inventories. Brent crude rose above $69 per barrel, while West Texas Intermediate approached $64 per barrel. Reports of potential U.S. military action against Iranian tankers and a possible deployment of a strike group heightened risk sentiment.

The American Petroleum Institute reported a 13.4 million-barrel build in U.S. oil inventories, the largest increase since November 2023. If confirmed, this would temper prices, but traders are focused on the broader geopolitical outlook. The U.S. and Israel are pressuring Tehran to reach a nuclear deal, with concerns that a breakdown could trigger conflict, disrupt Iranian crude flows, and escalate regional hostilities.

Iran, the fourth-largest OPEC producer, is estimated to pump 3.3 million barrels per day in January, of which 1.63 million are condensate and crude shipments. Later in the session, OPEC will release a market outlook, followed by an International Energy Agency report warning of a potential major surplus this year as supply outpaces demand.

As of February 11, 2026, 38 U.S. states impose an individual income tax, with nine reducing rates in 2025. Taxpayers in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming owe no personal income tax. Nine non-listed states also do not levy such taxes.

Nine states are not conforming to recent federal changes, potentially disqualifying new 2025 benefits like the additional senior deduction and the no-tax on overtime and tips. Residents in these states may need to add back claimed amounts on state returns.

Nine states generally follow federal filing dates (typically April 15), but rules vary by state and can be affected by disasters. Errors, incomplete forms, excessive deductions, or failing to file may trigger audits, with states often contacting taxpayers by mail for additional information.

Note: Washington, D.C., passed an emergency bill to decouple its tax code from recent federal changes, but a pending congressional measure seeks to overturn it, potentially requiring a suspended filing season if passed this week.

The Centre for Policy Studies warns that the NHS’s failure to meet annual 2% productivity growth targets could create a £20 billion hole in public finances by 2028-29, exceeding current borrowing forecasts. A pre-pandemic output return would add £20 billion to deficits, requiring income tax to rise by 2p per pound.

Lord Redwood’s review found NHS productivity remains 8% below 2019 levels despite expanded staffing and spending, with output still lagging. If productivity does not return to pre-pandemic levels by 2028-29, borrowing would be £20 billion higher than forecast.

Since 2008, annual productivity growth averaged 0.4% versus 2.1% previously. The report highlights overstocked public sector capacity and excessive staffing, with savings achievable through better management and extending tenure in effective roles. The government claims a 2.6% productivity increase in the NHS in H1 2026 and a 312,000 reduction in the waiting list since July 2024.

Thomas Lee, chairman of BitMine Immersion (BMRN), warned at Consensus Hong Kong (February 11, 2026) that the next generation’s major financial institution may emerge from digital platforms rather than Wall Street. Thomas Lee highlighted MrBeast’s $200 million investment in a neobank deal to buy Step, positioning the platform as a primary onramp to crypto for Gen Z and Gen Alpha.

Lee drew precedent from Schwab serving Baby Boomers and BlackRock/Blackstone attracting capital from Generation X, while noting Robinhood’s capture of Millennials. With 120 million U.S. and over a billion global followers, MrBeast aims to serve a demographic expected to drive a major wealth transfer over the next decade. If Step becomes their primary financial platform, BitMine could be positioned at the center of this evolving financial ecosystem.

The Federal Reserve is expected to keep the federal funds rate unchanged through May, with economists predicting an immediate cut in June under potential new Chair Jerome Powell’s likely successor, Kevin Warsh. Over 70% of economists in a February 5–10 Reuters survey expressed concern about a possible erosion of Fed independence after Powell’s term, though views remain split.

Nearly all respondents (49/53) expect Warsh to pursue a looser policy stance, with many forecasting two more rate cuts this year. The median path projects the funds rate to remain in the 3.25–3.50% range by late next quarter. Growth is forecast at 2.9% annualized in Q4 2025, 2.0–2.4% in 2026 (up from 2.2%), and inflation is expected to average above the 2% target this year.

Dollar Tree (DLTR) outperforms in a K-shaped economy by broadening its customer base and shifting into higher-income shoppers. In its most recent quarter, store visits rose 3 million YoY, with 60% of new visitors earning at least $100,000. CEO Michael Creedon Jr. said the company serves a broader income range, with over a quarter of new stores opening in ZIP codes where median household income exceeds $600,000. Dollar Tree lifted its base price to $1.25 and expanded its range to include items up to $7, targeting repeat purchases from higher-income consumers. The strategy is projected to add about $1 billion in annual sales.

The "Hindenburg Omen," a bearish indicator tracking extreme market divergence when both a high proportion of stocks post 52-week highs and a high proportion post 52-week lows occur simultaneously, has appeared three times in six trading days. Indices remain firmer: the S&P 500, Dow Jones, and Nasdaq all gained after the omen reemerged on Feb 7.

The omen, derived from Norman Fosback's High-Low Logic Index, signals divergence exceeding 5% when using his criteria, though many followers use a 2.5%–3% threshold. MarketWatch columnist Mark Hulbert and Hayes Martin of Market Extremes note the omen lacks reliable predictive power for market tops and is not a strong sell signal.

Despite the divergence, Martin highlights a potential 5%–10% pullback and notes that rising bond yields have historically preceded 8%–13% drawdowns without divergence. Overall, major uptrends remain intact, but investors should monitor for short-term volatility.