Jan-26-2025

Market & Macro Snapshot

• Cold weather impacting parts of the U.S., including the Philadelphia area.

• Crude oil slightly lower around $60.80/barrel; energy ETFs (XLE, USO) have rallied in recent weeks.

• Government shutdown risk resurfaces ahead of Jan 30, as Democrats push to pull DHS funding following a Minnesota incident involving ICE agents. President Trump is sending Tom Homan to Minneapolis.

Precious Metals Surge

• Gold up ~1.8% pre-market, trading near $5,065–$5,100/oz.

• Silver (SLV) up sharply, ~8% pre-market, near $110/oz.

• Gold miners ripping higher pre-market (IBD 50 leaders include CDE, ORLA, IAG).

• Allied Gold (AAUC) up ~3% after news of a $4B acquisition by Chinese miner Zijin.

Equities & Sectors

• Airlines (DAL, UAL, AAL) modestly lower amid widespread flight delays; stocks testing 50-day moving averages.

• Dow leaders early: Apple (AAPL) and Cisco (CSCO).

• Magnificent Seven earnings this week: Apple, Microsoft, Tesla, Meta.

Notable Stock Movers

• USA Rare Earth (USAR): +20% pre-market after U.S. government takes a 10% stake (~$1.65B).

• CoreWeave: Shares higher as NVIDIA invests another $2B to expand AI data centers.

• IONQ: +2% on news it’s acquiring SkyWater Technology (SKYT) for nearly $2B; SKYT up ~8%.

• AppLovin: +5% after Needham upgrade to Buy, $700 price target.

• Dutch Bros (BROS): Slightly higher after Citi initiates Buy, $82 target.

Earnings to Watch

• Data storage: SanDisk, Western Digital, Seagate.

• Chip equipment: Lam Research, KLA.

• Fiber optics: Amphenol, Corning, VIAVI.