Morning Dose: Market Wake-Up Call Tech Titans Tumble
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood:
Good morning traders! Today, February 5th, 2026, the market is showing signs of volatility with a sea of red on the screens. Futures are drifting lower, particularly in the tech sector.
Overnight Headlines:
- Alphabet (GOOGL): Reported strong earnings but down over 4% pre-market due to massive capital expenditure guidance.
- Qualcomm (QCOM): Down over 11% despite beating earnings per share, weak guidance.
Economic Announcements:
Key data drops today include Initial Claims at 8:30 AM (consensus 210,000) and the JOLTS report on Job Openings at 10:00 AM. Fed monitoring labor market closely.
Earnings Highlights:
- American Superconductor (AMSC): Up 16% on revenue beat and solid guidance.
- SiTime: Up 12%.
- FormFactor: Up 10%.
Top Movers:
Losers: Qualcomm (QCOM), Wolfspeed (WOLF), ARM Holdings.
Winners: American Superconductor (AMSC), SiTime, FormFactor.
Quick Trade Ideas:
Exercise caution, watch VXX for rising volatility. Consider defensive sectors or specific earnings winners like AMSC. Respect key technical support levels – SPY 680.
Key Takeaway:
Be cautious, avoid trying to catch falling knives in big tech. Focus on stock selection given the current market conditions and respect technical levels for trading decisions. Trade safe!