To The Moon

Last Week's Recap

1. The US Market - A Week of Divergence and Data Delays

• Tech trouble: Stocks rallied at the week's start and finish, offsetting midweek sell-offs that hammered tech shares. The $Dow Jones(.DJI)$ surged 2.5% to close above 50,000 for the first time, while the $S&P 500(.SPX)$ dipped slightly and the $NASDAQ(.IXIC)$ dropped 1.8%.

• Tech tops earnings: With earnings season past the halfway mark, the tech sector is projected to deliver 30.4% Q4 2026 earnings growth—more than double the 13.0% average across all S&P 500 sectors, per FactSet.

• Bifurcated market: Large-cap value stocks extended their 2025 lead over growth names, reversing years of growth dominance. A value benchmark gained 2.2% for the week while its growth peer fell 2.0%.

• Crypto volatility: Bitcoin plunged to $61,000 early Friday—less than half its $126,000 record high from four months prior—before recovering to around $70,000, still down 17% for the week. Other cryptocurrencies also tumbled.

• Metals' bumpy ride: Gold rebounded from last week's decline to trade around $4,980 per ounce, while silver retreated to roughly $77 per ounce by Friday.

• Euro inflation: The European Central Bank held rates steady at 2.0% for a fifth straight meeting, following news that eurozone inflation had slipped to 1.7%—below the bank's 2.0% target.

• Rising sentiment: U.S. consumer sentiment hit a six-month high. Meanwhile, the Labor Statistics Bureau delayed the monthly jobs report to Wednesday, February 11, and pushed the CPI release to Friday, February 13.

2.The US Sectors & Stocks - Tech and AI Stocks Lead Market Volatility Amid Earnings and Strategic Shifts

Sectors: The $S&P 500(.SPX)$ index experienced a volatile week, ending with a slight decline of 0.1% and closed at 6932.30. Technology and AI-related sectors saw significant fluctuations, driven by earnings reports and strategic announcements. $NVIDIA(NVDA)$ and $Broadcom(AVGO)$ gained on AI infrastructure investments, while $Alphabet(GOOG)$ aggressive $185 billion AI spending plan led to a 4.6% drop in its stock.

• $Alphabet(GOOG)$ dropped 4.5% as its ambitious AI spending plans overshadowed strong Q4 earnings. The company’s 48% growth in cloud revenue and AI advancements failed to offset investor concerns over high capital expenditures.

• $Tesla Motors(TSLA)$ fell 4.5% due to mixed sales performance in Europe and ongoing challenges in the EV market. The company’s focus on AI applications like Optimus robots and robo-taxis remains a key growth area.

• $Advanced Micro Devices(AMD)$ declined 12% after issuing a weak Q1 revenue forecast despite strong Q4 earnings. Concerns over AI growth momentum and competition with Nvidia weighed on the stock.

• $Eli Lilly(LLY)$ gained 2% after reporting a 43% increase in Q4 revenue, driven by strong demand for its weight-loss drugs. The company’s optimistic 2026 guidance further bolstered investor confidence.

• $Roblox Corporation(RBLX)$ rose 1% as Q4 bookings surged 63% year-over-year. The company’s strong 2026 guidance and growing daily active users highlighted its resilience in the gaming sector.

• $Uber(UBER)$ fell 6.6% after missing Q4 earnings expectations and issuing weak Q1 guidance. The company’s focus on affordable ride options has boosted trip volumes but pressured margins.

• $CleanSpark, Inc.(CLSK)$ dropped 14.9% amid disappointing Q1 earnings and challenges in the Bitcoin mining sector. The company’s financial struggles overshadowed its operational milestones.

• $Palantir Technologies Inc.(PLTR)$ declined 7.3% despite reporting a 70% increase in Q4 revenue. The company’s strong AI-driven growth was not enough to offset broader market concerns.

• $Alibaba(BABA)$ fell 4.2% as technical issues during a promotional event and broader market weakness in Chinese tech stocks weighed on its performance.

• $PayPal(PYPL)$ plummeted 23.3% after missing Q4 earnings expectations and issuing a weak 2026 profit outlook. The appointment of a new CEO failed to reassure investors.

• $NVIDIA(NVDA)$ gained 0.2% as its AI-related partnerships and investments in OpenAI bolstered market confidence. The company’s strategic focus on AI infrastructure remains a key driver of growth.

3.Hong Kong Market - $HSI(HSI)$ dropped 3.0% amid market volatility

HSI:The $HSI(HSI)$ fell 3.0% this week, closing at 26,559.95, as global market sentiment weakened due to concerns over interest rate hikes and geopolitical tensions. The technology-heavy Hang Seng Tech Index also dropped 6.5%, reflecting broad weakness in tech stocks.

HSTECH: $HSTECH(HSTECH)$ xperienced a decline of 6.51% and closed at 5346.20. The Iot sector faced downward pressure, while Semiconductors stocks showed resilience.

• $NIO-SW(09866)$ surged 1.24% last week, driven by its announcement of achieving its first quarterly adjusted operating profit in Q4 2025, marking a significant milestone for the company.

• $CSPC PHARMA(01093)$ gained 0.63%, supported by expectations of recurring income from its BD deals with AstraZeneca and Madrigal Pharmaceuticals.

• $INNOVENT BIO(01801)$ declined 1.97% last week despite announcing a strategic partnership with Eli Lilly, which includes $3.5 billion in upfront payments and up to $85 billion in milestone payments.

• $LI AUTO-W(02015)$ rose 8.7% , benefiting from strong investor optimism following its announcement of new model launches and robust delivery figures.

• $SD GOLD(01787)$ dropped 14.19% this week, impacted by weaker-than-expected profit forecasts and a decline in gold prices.

• $BABA-W(09988)$ fell 8.39%, pressured by system issues during its AI-driven promotional campaign and broader tech sector weakness.

• $EAST BUY(01797)$ climbed 15.59%, as its mid-term earnings report showed a turnaround to profitability, boosting investor confidence.

4.Singapore Market - $Solidion Technology Inc.(STI)$ sees a slight increase of 0.6%

STI:The $Solidion Technology Inc.(STI)$ experienced a modest rise of 0.6% over the week, closing at 4934.41. The market showed mixed performance with fluctuations driven by various corporate announcements and market sentiments.

• $SGX(S68.SI)$ saw a slight decline of 0.3%, it reported a strong financial performance for the first half of fiscal 2026, with an 11.6% rise in adjusted net profit and a 7.91% increase in operating revenue.

• $ST Engineering(S63.SI)$ remained a decrease of 0.92%. The company announced several significant developments, including a multi-year MRO agreement with Xiamen Airlines and the opening of a new integrated MRO centre in Singapore, which are expected to strengthen its market position.

• $Sheng Siong(OV8.SI)$ surged by 6.6% over the week, driven by technical breakout signals and positive market sentiment. The stock's upward trend is supported by a potential breakout from a 'cup and handle' pattern.

• $Singtel(Z74.SI)$ increased by 2.83% following the announcement of its consortium with KKR to acquire an 81.7% stake in STT GDC for S$6.6 billion. This significant investment in the data centre sector has bolstered investor confidence.

• $CapLand India T(CY6U.SI)$ gained 4.03% over the week, leading the market gains on Monday with a 2.4% increase. The positive momentum reflects investor optimism in the company's growth prospects.

5.Australian Market - XJO Index Declines 1.81% on Tech Selloff

XJO: The Australian stock market—the $S&P/ASX 200(XJO.AU)$ —fell by 1.81% and closed at 8,708.8. The index faced pressure from a sharp tech-driven retrace.

Sectors: Packaging, Logistics, and Financial Services industries performed well last week.

• $AMCOR PLC-CDI(AMC.AU)$ +10.3%, surged following strong December quarter results. Net sales jumped 68% YoY to US$5.45 billion, driven by the Berry Global acquisition, while adjusted EBITDA soared 83% to US$826 million. The company declared an unfranked interim dividend of A$0.93 per share, up 356% from the prior corresponding quarter.

• $GQG Partners Inc(GQG.AU)$ +7.96%. The asset manager gained ground as investors rotated toward defensive financial stocks amid market volatility, with no specific price-sensitive news released during the week.

• $BRAMBLES LTD(BXB.AU)$ +4.96%. The supply chain logistics company benefited from investor rotation away from tech stocks into defensive industrial names, with shares rising from $22.40 to $23.19.

• $SANTOS LIMITED(STO.AU)$ -1.71%. The energy major faced mixed trading as crude oil price volatility persisted. Macquarie analysts maintain a positive view on its growth outlook, predicting 31% upside potential for the share price.

• $WOODSIDE ENERGY GROUP LTD(WDS.AU)$ +0.43%, Supported by higher crude oil prices, the company reported record 2025 production of 199 million barrels of oil equivalent. Progress on the Scarborough/Pluto T2 project reached 94%, anticipated to deliver 9% production growth in 2027.

• $BHP GROUP LTD(BHP.AU)$ . The mining giant saw December quarter iron ore production rise 2% to 134 million tonnes, achieving quarterly shipment records. The company raised FY26 copper production targeting 2 million tonnes annually by the 2030s.

1.The Week Ahead

1. Macro Factors -Data-heavy week: Jobs report (Wed) + CPI (Fri)

Monday, Feb. 09

• Earnings: ON Semiconductor, Cleveland-Cliffs, Dynatrace

• Kicks off the week with semiconductor, steel, and software intelligence sectors

Tuesday, Feb. 10 — Busiest Earnings Day

• Fintech: $Robinhood(HOOD)$ , $Upstart Holdings, Inc.(UPST)$

• Tech/Internet: $Cloudflare, Inc.(NET)$ , $Spotify Technology S.A.(SPOT)$

• Mobility: $Lyft, Inc.(LYFT)$

• Legacy Giants: $Ford(F)$ , $Coca-Cola HBC AG(CCHGY)$

• A cross-sector lineup covering fintech, cybersecurity, streaming, auto, and consumer staple

Wednesday, Feb. 11

• Earnings: $AppLovin Corporation(APP)$ , $Unity Software Inc.(U)$ , $CISO Global(CISO)$ , $McDonald's(MCD)$ ,

• Macro Data: U.S. January Jobs Report (Nonfarm Payrolls)

  • ⚠️ Critical Fed-watching data — impacts rate-cut expectations

Thursday, Feb. 12

• Earnings: $Coinbase Global, Inc.(COIN)$ , $Rivian Automotive, Inc.(RIVN)$ , $Roku Inc(ROKU)$ , $Pinterest, Inc.(PINS)$ ,

• Heavy focus on crypto, EV, streaming, travel, AI infrastructure, and online gaming

Friday, Feb. 13

• Macro Data: U.S. January Consumer Price Index (CPI)

2.Earnings Spotlight: $Robinhood(HOOD)$ $AppLovin Corporation(APP)$ $NEBIUS(NBIS)$ $Coinbase Global, Inc.(COIN)$

This week marks a critical juncture for the "Consumer Tech & AI Infrastructure Reality Check Week."

The results from these diverse sectors will reveal whether the 2026 market can maintain its resilience, specifically focusing on the maturation of AI software platforms, the stabilization of fintech business models, and the recovery trajectory of consumer discretionary spending.

• Earnings density peaks Tuesday & Thursday — expect elevated volatility in individual names

• Sector rotation signals: Watch consumer discretionary ( $Airbnb, Inc.(ABNB)$ , $Lyft, Inc.(LYFT)$ , $McDonald's(MCD)$ ) for spending trends; watch Albemarle for lithium/EV demand clues

⚠️ Disclaimer: Not financial advice. Investment involves risk. This advertisement has not been reviewed by the Monetary Authority of Singapore.

For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

• Telegram Group to Get $10 Trading Vouchers Now🎉" target="_blank" class="link rich-text-anchor __anchor-intercept-flag__ text-content-link">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉

• How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.