Meta’s MAGA-fication paying off with a record streak of daily gains

Last summer, then nominee Donald Trump warned that Meta CEO Mark Zuckerberg would “spend the rest of his life in prison” if he were to plot against his reelection. Shortly after Trump’s election victory in November, Zuckerberg started cozying up to Trump, and his company’s stock has been rewarded handsomely.

Starting on January 16, just days before Trump’s inauguration, Meta’s stock began a record 14-day streak of daily gains (should today’s advance hold).

The company’s quarterly results, which included impressive revenue growth, and Zuckerberg’s commitment to turn the AI investment knob up to 11 are also playing a key role in the stock’s success.

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Jon Keegan36m

Microsoft shares have biggest single-day drop since March 2020

Yesterday, Microsoft reported strong earnings and revenue for its second quarter, but the stock plunged after hours. Investors seem to have been concerned about so much of Microsoft’s booked contracts coming from one company — OpenAI, as well as its slowing cloud growth.

Today, it got worse. Microsoft shares sunk 10%, suffering the largest single-day drop since the start of the COVID lockdown in March 2020.

Matt Phillips1h

Western Digital beats Wall Street estimates for Q2 sales, EPS

Western Digital posted better-than-expected quarterly sales and earnings-per-share figures after the close Thursday, though the shares slipped after-hours.

Here’s how the results looked:

Fiscal Q2 revenue of $3.02 billion vs. the $2.93 billion consensus analyst expectation, per FactSet.
Adjusted earnings per share of $2.13 vs. the $1.93 analysts predicted.
Fiscal Q3 guidance for adjusted EPS of $2.15 to $2.45 vs. analyst estimates of $1.99.
Guidance for Q3 sales of $3.1 billion to $3.3 billion vs. estimates of $2.98 billion.

Western Digital — and rival Seagate Technology Holdings — were among the market’s best performers last year, rising 282% and 219%, respectively, as data storage became a key bottleneck for hyperscalers.

The shares are romping into 2026 as well, with both stocks up more than 60% in January through the close of trading on Thursday.

Sandisk blows past quarterly earnings expectations, forecasts blockbuster Q3 numbers

It was the best performer in the S&P 500 last year. It’s already doubled in January. And shares are soaring after-hours.

Matt Phillips2h

Tasha Matsumoto

Stocks fall as software slump drags down the tech sector

Meta, Microsoft, and Tesla all posted earnings beats after the bell yesterday, but market reaction was mixed on worries of ballooning capex.

Chicago Bears quarterback Dave Krieg shows dejection during a game against the Green Bay Packers on October 6, 1996 in Chicago. Green Bay won the game 37-6.

Southwest Airlines Announces It's Ending Its Open Seating

Southwest logs its biggest gain since 1978 as it says bag fees and seating changes will quadruple profit

Southwest shares closed up 19% on Thursday, their biggest daily gain in nearly half a century.

Max Knoblauch4h

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