Shares of telehealth company Hims & Hers climbed Tuesday as analysts upgraded the stock following the Monday announcement of its landmark deal with Wegovy maker Novo Nordisk.

Shares were recently up 12%.

Citi upgraded Hims to “neutral/high risk” from “sell/high risk” in a Monday afternoon note, writing that the deal “significantly de-risks Hims.” Citi analyst Daniel Grosslight wrote:

“Valuation remains tricky for Hims as much hinges on (1) how much compounded GLP-1 revenue/adj. EBITDA remains post-partnership and (2) how much of the hole HIMS can fill with its branded offering.”

Hims also received an upgrade to “neutral” from “underperform” from Bank of America:

“By partnering with Novo Nordisk and transitioning patients to Novo’s branded product, Hims is likely to experience some attrition, but is also likely to gain new members that are looking for a branded drug.”

The deal will see Novo’s Wegovy offered on Hims in its injection and pill forms later this month, priced at the level Novo charges for self-pay. Hims will also offer Ozempic to treat diabetes. Hims won’t advertise compounded GLP-1s, according to Novo Nordisk. A previous deal between the companies last year fell apart in 55 days after Novo accused Hims of “illegal mass compounding and deceptive marketing.”

Chinese EV maker Nio jumped in premarket trading on Tuesday after it reported solid top- and bottom-line results, booking its first-ever quarter of positive (non-GAAP) operating profits, some 1,251 million yuan ($179 million), on a quarterly basis.

Nio reported adjusted net earnings of $0.04 per share in Q4, beating the $0.02 loss per share expected by Wall Street analysts (compiled by FactSet).

The company booked $4.95 billion in revenue, also topping the $4.86 billion consensus estimate, and deliveries came in at 124,807, up more than 70% year on year.

Looking ahead, the company says that it expects deliveries of vehicles “to be between 80,000 and 83,000 vehicles” in Q1 — an acceleration in growth, with those figures implying annual rises of 90% and 97% from the same quarter of 2025. However, Bloomberg estimates suggest this figure might marginally disappoint — with analysts currently penciling in 88,700 deliveries for Q1 2026.

Celebrating its first quarter of profits, CFO Stanley Yu Qu cited the company’s “strong delivery and revenue growth, an optimized product mix, and cost reduction and efficiency enhancement initiatives” in its press release.

CEO William Bin Li also added, “Looking ahead to 2026, we will continue to invest decisively in our twelve full-stack core technologies, launch new models, enhance the commercial and operational capabilities of our battery swapping and charging network, and continue upgrading our sales and service network.” Nio shares climbed in late February after it announced that it had reached 1 million battery swaps — its alternative to fast charging — in less than a week amid the Lunar New Year holiday. This month, Nio’s Chinese rival BYD unveiled a fast-charging battery seen as a direct challenge to the EV maker’s swap station network.

Oil prices dropped on Tuesday morning, with front-month crude futures down more than 6%, as traders digested President Trump’s comments late Monday suggesting the US-Iran conflict may soon end — easing fears that have rattled global energy and stock markets over the past 10 days.

On Monday, Trump told CBS News reporter Weijia Jiang in a phone interview that the war is “very complete, pretty much.” He later tempered that somewhat at a separate press conference held at Trump National Doral in Miami, saying the conflict would end “very soon,” though not this week.

Since US and Israeli strikes on Iran began on February 28, markets have been experiencing relentless volatility: Brent crude surged to nearly $120 per barrel during Monday’s trading session, the highest intraday price since the early days of the Russia-Ukraine war in 2022. Gas prices, which largely track crude, even breached the $3.50-per-gallon mark, with analysts and prediction markets eyeing the $4 mark as a real possibility if the conflict drags on.

Despite Tuesday’s pullback following Trump’s remarks, oil prices remain elevated, up roughly 50% since the start of the year as disruptions continue around the Strait of Hormuz, through which about a fifth of the world’s oil flows.

After turning a deeply red day into a green one yesterday, equity traders continued to breathe a tentative sigh of relief. After the S&P 500, Nasdaq 100, and Russell 2000 closed higher Monday, wiping out steep intraday losses, S&P 500 futures were modestly in the green early on Tuesday, while Europe’s STOXX 600 rallied ~2%.

As of 9:07 a.m. ET, however, S&P 500 futures have dipped 0.22% and oil has pared some of its earlier losses, following Defense Secretary Pete Hegseth’s warning that today would be the “most intense day of strikes inside Iran.”

Go Deeper: Why extreme oil price volatility sets off alarm bells for markets and the economy

Taiwan Semiconductor ticked higher in premarket trading on Tuesday after the chipmaker reported a 30% jump in sales for the first two months of 2026, compared to the year before.

A key supplier for AI industry giants like Nvidia and Advanced Micro Devices, TSMC saw its combined January and February revenue grow to NT$718.9 billion ($22.6 billion), per its monthly revenue report, published early on Tuesday morning.

The company notched NT$317 billion in February alone, growing 22% from a year ago and decelerating from January’s 37% year-on-year growth. For the coming full Q1, analyst estimates compiled by Bloomberg are anticipating growth of 33% — suggesting a strong March will be needed to meet that figure.

Charles Shum, a Bloomberg Intelligence analyst, noted that the modest weakness in the first two months is more likely due to softer performance in smartphones and PCs, rather than cooling AI chip demand, as soaring memory prices put pressure on shipments.

On Tuesday, Oracle will announce its third-quarter earnings, and all eyes are on the company’s massive AI data center build-out. Last month, the company told investors that it plans to raise $45 billion to $50 billion to fund its ambitious capex plans.

With so much new spending, the company is reportedly looking to make steep job cuts —  thousands of positions across the company — and may be freezing hiring in its cloud division.

Shares of Oracle are down by more than 20% since the start of the year. The stock is down about 56% from its 52-week high of $345.72.

The company’s big bet on AI is causing some concerns among investors, and Oracle has recently seen a wave of lowered price targets from analysts:

• Jefferies: to $320 from $400.

• Scotiabank: to $215 from $220.

• Deutsche Bank: to $300 from $375.

• Baird: to $200 from $300.

On Friday, shares dropped sharply on reports that OpenAI had pulled out of a planned expansion of the Stargate data center in Abilene, Texas. But OpenAI has since clarified that the decision to back out of plans for the expansion was just the result of shifting capacity to other data center sites under construction.

The company will announce its earnings after market close on Tuesday.

FactSet’s survey of analysts shows they expect earnings per share of $1.70 and revenue of $16.9 billion for Oracle’s third quarter. Cloud revenue is expected to be $8.76 billion, and all eyes will be on Oracle’s capex, which is expected to be $14 billion.

Here’s something kind of strange.

If all goes as planned, investors in the most basic kind of investment available — your plain-vanilla, low-cost S&P 500 Index fund, such as SPDR S&P 500 ETF — will soon get a form of pre-IPO exposure to Elon Musk’s SpaceX, one of most sought-after stakes in the private markets.

That’s because one of the new companies that will be added to the S&P 500 (via additions announced on Friday) is EchoStar, the indebted satellite services company that owns Dish Network.

EchoStar — which along with Vertiv Holdings, Lumentum, and Coherent will go into the index on March 23 — is also set to become a not insignificant owner of class A common stock in SpaceX.

SpaceX is said to be targeting an over $1 trillion valuation for an IPO this June. EchoStar has struck deals for shares that would give it a roughly 2.8% stake in SpaceX, analysts say.

SpaceX sold that stake to pay EchoStar for part of the roughly $20 billion cost of prized spectrum assets. The company first struck a spectrum deal with SpaceX in September, before it expanded in November. Investors have since seemed to view the company as a way to gain backdoor exposure to Musk’s hot, privately held space company.

That excitement continues, but it should be noted that even though EchoStar struck a deal for SpaceX shares, company officials say that stock is not yet in its coffers and it won’t be until its SpaceX deals close.

Speaking to analysts after the company’s earnings call on March 2, EchoStar CEO Hamid Akhavan said:

“Until the closing, we don’t have actually the — that SpaceX’s equity. So that is not something that we can make any plans on till we actually get the equity. We have a right to it, but we don’t have the — we actually don’t have that equity yet. So we’ll see how that plays out.”

No closing date was offered when the initial deal with SpaceX was announced in September, with EchoStar releases saying only the “closing of the proposed transaction will occur after all required regulatory approvals are received and other closing conditions are satisfied.”

It’s finally Oscars week — and with voting officially closed, all that’s left to do is count the ballots and wait to see who wins this Sunday night. 

This year, the acting categories have been the most interesting to watch, especially the showdown between “Marty Supreme” star Timothée Chalamet and “Sinners” actor Michael B. Jordan for Best Actor. While Chalamet was long the favorite, Jordan has caught up and overtaken him after winning the Actor Award.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

But perhaps the most exciting race of all is for Best Picture. Out of the 10 nominees, the two at the top are Paul Thomas Anderson’s “One Battle After Another” and Ryan Coogler’s “Sinners,” both of which are studio releases from Warner Bros. Discovery. 

Which will win the top prize seems to be split among award pundits and experts. As of Monday afternoon, Gold Derby still has “One Battle After Another” as the front-runner with odds of 76.87%. AwardsWatch, AwardsRadar, and Numlock Awards are also still predicting that “One Battle After Another” will take the statue for Best Picture.

On the other side, reporters from some major trade publications like Variety’s Clayton Davis and The Hollywood Reporter’s Scott Feinberg predict that “Sinners” will take the top honor.

Odds in the prediction markets currently show that “One Battle After Another” is still ahead of “Sinners,” with the former priced in at 75% while the latter is priced at 23%.