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February 23 Post-Market Earnings Release Stocks
(KEYS) Keysight Technologies reported a 27% revenue increase in its Communications Solutions Group and a 15% rise in the Electronic Industrial Solutions Group, driven by strong sector performance.
(HIMS) Hims & Hers Health, Inc. slid nearly 10% after-hours as the company’s 2026 revenue outlook came in below Wall Street expectations, reviving investor concerns around regulatory risk tied to compounded GLP-1 weight-loss drugs.
(BWXT) BWX Technologies, Inc. revenue grew 18% to $3.2B in 2025, with net income of $329M and strong backlog of $7.26B. Major acquisitions and new debt financing supported expansion, while government contracts and nuclear market demand remain key drivers.
Newsquawk Market Wrap 3
Meanwhile, on trade, Trump lifted his Section 122 tariffs to 15% from 10% over the weekend. Nations like Mexico announced they will now be paying less tariffs on non-USMCA-compliant goods, while the EU has frozen trade talks with the US and is not seeking to alter the pre-existing deal at this stage. Trump has warned that those who decide to play games will be met with a higher tariff than what they recently agreed to. ‘
The risk-off sentiment around AI disruption and also the lifting of tariffs saw T-notes catch a bid throughout the US session to settle around peaks, with eyes turning to supply in a data-light week. However, several central bank speakers are on the docket for Tuesday. Waller spoke today, noting it is almost a coin toss for a cut or a hold in March.
In FX, the Dollar was mixed vs peers while activity currencies lagged in the risk-off trade. Crude prices ultimately settled slightly lower while eyes turn to the US/Iran talks on Thursday. On this, reports suggest the Pentagon has been pushing Trump to go for a diplomatic resolution, warning about the risks of striking Iran. Trump has apparently been leaning towards strikes, but has agreed to give Witkoff and Kushner more time to negotiate for diplomacy. Gold and Silver rallied on the risk conditions, while Bitcoin slumped.s.
Newsquawk Market Wrap 2
was a risk-off session on Monday with equities sliding on fears of further AI disruption, while US President Trump hiked tariffs. The AI fears seemingly sparked from a research piece from Citrini Research exploring severe downside risks if AI exceeds expectations. This is not the firm’s base-case scenario, but it highlighted how unemployment could spike to 10% with the SPX down 38% from late-2026 peaks (which it pencilled in at 8,000) with a recession in 2027. It largely highlighted payments, software and private credit stocks as highly exposed to such a scenario. All of which sectors tumbled on Monday, while IBM also took a chunky hit as Anthropic announced that Claude can now automate COBOL modernisation efforts – further adding to the AI disruption fears.
Newsquawk US Market Wrap 1: Risk-off trade as AI disruption fears mount while Trump hikes tariffs
SNAPSHOT: Equities down, Treasuries up, Crude down, Dollar mixed, Gold up
REAR VIEW: Research firm raises AI disruption fears; Trump raises Section 122 tariffs to 15% from 10%, threatens even higher tariffs; EU Parliament agrees to postpone vote on EU-US trade deal; Fed’s Waller says March decision is a coin toss; Witkoff and Kushner to meet Iran on Thursday; Pentagon pushing Trump for diplomatic approach; US’s Rubio weekend visit to Israel postponed to Monday; Hungary said it will block EU Ukraine decisions until the Druzhba pipeline flow resumes; Novo Nordisk CargriSema trial disappoints; PYPL reportedly attracts takeover interest.
US500 UPDATE
- Risk turning back to the downside after a break of 6915 ran into selling rather than stops.
- This leaves the downside more at risk as that is where stops are likely resting (i.e. below 6774) but so far, repeated attempts at 6820 have run into support.
- This leaves US500 consolidating within 6774-6917 where back above 6856 is needed to ease the risk.
US500 1` HOUR CHART
Novo lost share value like it was on its weight loss drug
Feb 23 (Reuters) – Novo Nordisk (NOVOb.CO) shares slumped by more than 16% on Monday, wiping away the remaining gains brought by its blockbuster weight-loss drug Wegovy, after the drugmaker said its next-generation obesity drug CagriSema underperformed Eli Lilly’s (LLY.N) rival.
Novo, which in 2024 was worth more than $650 billion, has since shed around $475 billion, with the shares back at levels last seen before Wegovy transformed it into Europe’s most valuable drugmaker…. Reuters
BTCUSD (BITCOIN) UPDATE
- What should continue to concern bulls is seeing XAUUSD rally as a safe haven while BTCUSD is being shunned  in this regard.
- Big picture trend: Down and bearish if sub-65K break holds but still consolidating while above the 59881 low.
- In any case, 65K is clearly pivotal and will dictate whether there will be a fresh run at 60K.
BTCUSD DAILY CHART
AUDUSD (1HR)
The Australian dollar is trading near 0.7060, staying inside its downward channel. Earlier, the price broke above the initial resistance around 0.7080, but it failed to hold those gains and pulled back. The pair continues to move within the same bearish channel.
Key levels to watch are support near 0.7020 and resistance around 0.7070.
XAUUSD (GOLD) UPDATE
With a void on charts until the record 5596 high, what would it take for 5596 to come on the radar?
- Having regained 5000, the pivotal 5200 level became the target
- With the 5200 target hit, this level now becomes pivotal and the most recent high (5219) acting as resistance
- If 5200 becomes support, then 5350 (midway 5200-5500) becomes the target
- If 5350 is then firmly broken, 5500 comes on the radar.
- Break of 5500 is what is needed to expose the record 5596 high.
- If 5200 fails to hold, then still stays bid but less than if trading above it.
XAUUSDÂ DAILY Â CHART
February 23 Pre-Market Earnings Release Stocks
(LINC) Lincoln Educational Services Corporation delivered record 2025 results with revenue up 19.7% and adjusted EBITDA up 60%, driven by strong demand for skilled trades and successful campus expansions.
(DPZ) Domino’s stock rose 3.7% in morning trading to make it one of the S&P 500 index’s SPX top performers on the day. The company also reported that same-store sales, or sales of stores open at least a year, rose 3.7% for its U.S. stores
(SCL) Stepan Co. reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 12 cents.
DAX Closes Sharply Lower
Frankfurt’s DAX 40 lost ground to close about 1.1% lower at 24,986 on Monday, lagging behind its peers, as investors grappled with renewed trade uncertainty after President Trump said he would impose a temporary 15% tariff following a Supreme Court ruling against his emergency trade levies.
XRP Panic At $1.34, But Structure Still Favors A Larger Upside Rotation
XRP has plunged 69%, sparking widespread panic across the market.
Panic is rising at $1.39, but the bigger picture hasn’t broken. XRP remains within a broader bullish structure, with price testing key support after a sharp correction. Unless critical levels fail, the setup still favors a larger upside rotation rather than a trend reversal.
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