BISHOP'S STORTFORD, ENGLAND - JANUARY 25: Snowfall in the Essex countryside on January 25, 2021 in Bishop's Stortford, Essex, United Kingdom.

Flat fields (Gareth Cattermole/Getty Images)

Stocks lose steam after in-line January inflation report

Most Mag 7 stocks declined, but the Russell 2000 outperformed, rising 1.2%.

Stocks bounced higher after this morning’s January core CPI inflation didn’t have any grim surprises, but the rally fizzled out in late afternoon trading. The S&P 500 barely eked out a gain and the Nasdaq 100 rose, while the Russell 2000 outperformed, rising 1.2%. All three indexes posted weekly losses. Bitcoin staged a relief rally.

Tech continued to struggle, with all Magnificent 7 stocks declining except for Tesla.

Stocks that moved higher:

Rivian had its best-ever trading day thanks to better-than-expected Q4 results. The EV maker is planning to begin deliveries of its $45,000 R2 SUV in the second quarter.
Coinbase surged after posting record stablecoin revenue despite a Q4 revenue miss and a surprise net loss.
Applied Materials soared after posting better-than-expected Q1 results as Wall Street scrambled to boost its price targets after a “narrative-changing quarter.”
Moderna jumped after reporting a Q4 earnings beat and an upbeat 2026 outlook this morning.
Instacart climbed after beating on revenue and offering upbeat guidance in yesterday’s postmarket earnings.
Arista Networks traded higher after a Q4 earnings and revenue beat after the bell yesterday.
Roku rose after handily surpassing expectations for Q4 earnings and revenue.
Airbnb jumped after posting better-than-expected Q4 sales and offering upbeat revenue guidance for Q1 after the bell yesterday.
Plug Power rose after revealing that it has won shareholder approval to boost its share count, which avoids a reverse stock split and paves the way for more dilution.
Advance Auto Parts ticked higher as store closures powered an earnings beat amid the company’s revamp.

Stocks that moved lower:

Pinterest plummeted on a disappointing Q1 sales forecast as retailers pulled back on ad spending.
DraftKings sank after issuing downbeat 2026 sales and profit forecasts after the bell yesterday.
Amazon posted nine consecutive days of losses — the company’s longest losing streak since 2006.

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Amazon just matched its longest losing streak in 20 years

Amazon shares marked their ninth straight day of losses — the company’s longest losing streak since 2006.

The milestone follows a fourth-quarter earnings miss, downbeat guidance, and a plan to spend a whopping $200 billion on capital expenditure this year.

Amazon is hoping that by spending big on AI infrastructure now, it will reap rewards from the technology later. Investors aren’t so sure.

Interestingly enough, the current situation sounds quite similar to the one Amazon was in two decades ago. Back then, Amazon endured a similar stretch as it was upping spending on tech and an online toy store — moves that would eat into its profits.

At the time, an asset manager told Bloomberg, “They want to capture as many eyeballs as they can on the Internet and be the go-to place on the Internet, but that’s costing them earnings, at least right now.”

Sound familiar? In case you’re wondering, Amazon stock has risen 14,849% since that quote.

Max Knoblauch4h

Rivian is on pace for its best-ever trading day as analysts dig into Q4 results

EV maker Rivian is on track to log its best trading day on record Friday, as investors pour in following its fourth-quarter earnings report and 2026 guidance and analysts issue bullish appraisals of the shares.

Rivian shares are up more than 30% on Friday afternoon, easily surpassing its previous best trading day, which came in January 2025.

“We continue to remain confident in the long-term vision that RIVN is amid a massive transformation,” Wedbush Securities’ Dan Ives wrote in a fresh note on Friday. The firm maintained its $25 price target and “outperform” outlook and said that the launch of Rivian’s upcoming lower-cost SUV, the R2, is “crucial.”

Rivian received upgrades from Deutsche Bank (to “buy” from “hold”) and UBS (to “neutral” from “sell”) following its results.

On its Thursday earnings call, Rivian said it expects its delivery volume of its existing vehicle lineup to land “roughly in line with... 2025 total volumes.” Given the automaker’s full-year delivery guidance, that statement implies 2026 R2 deliveries to land between 20,000 and 25,000 units.

Self-driving features also appear to be boosting investor optimism. On Thursday’s earnings call, CEO RJ Scaringe said the company would enable “point-to-point” driving in its vehicles later this year. In a podcast interview released Thursday, Scaringe predicted that by 2030, it will be “inconceivable to buy a car and not expect it to drive itself.” Rivian is targeting “a little sooner than that,” he added.

Rivian shares are also likely benefiting from something of a snapback: before the release of its Q4 results, Rivian shares had been hammered recently, down 38% since their recent high in December.

Rivian climbs after posting better-than-expected Q4 results; sees R2 SUV hitting the market in Q2

Rivian received upgrades from Deutsche Bank (to “buy” from “hold”) and UBS (to “neutral” from “sell”) following its results.

Rivian shares are also likely benefiting from something of a snapback: before the release of its Q4 results, Rivian shares had been hammered recently, down 38% since their recent high in December.

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Advance Auto Parts climbs as store closures power earnings beat amid revamp

Shares of Advance Auto Parts are up more than 8% in early trading on Friday, following the release of the company’s fourth-quarter results.

Advance Auto posted adjusted earnings of $0.86 per share in Q4, more than twice the $0.41 per share expected by analysts polled by FactSet. Same-store sales grew 1.1%, below the 2.2% consensus.

The retailer closed 522 stores in its fiscal year 2025 as part of an overhaul it first announced in 2024. It plans to open between 40 and 45 stores this year.

Looking ahead, Advance Auto said it expects comparable-store sales to grow between 1% and 2% in 2026. Wall Street expected 2.13%.