US OPEN: Mixed Sentiment Before NVIDIA Quarterly Earnings

• US indices showing mixed performance with MEXComp (-0.60%) and BRAComp (-0.56%) declining while US2000 (+0.24%) and US100 (+0.25%) post modest gains amid decreasing VIX volatility

• Super Micro Computer surges 21% after filing delayed 10-K report, resolving delisting concerns and confirming previously disclosed financial figures

• Axon shares jump 13% as Q4 results beat estimates with net sales up 33% YoY, management raises 2025 adjusted EBITDA guidance above consensus

• Workday rises 7.3% on strong Q4 performance, with adjusted EPS of $1.92 beating $1.78 estimate and improved 28% operating margin forecast

• Intuit rallies 6.3% after Q2 results exceed expectations, Morgan Stanley upgrades to "overweight" citing small business momentum despite tax segment concerns

• European markets diverge with W20 (+1.28%) and AUT20 (+2.09%) leading gains while VSTOXX falls 1.12%, suggesting reduced uncertainty across the region

Major US indices are showing mixed performance, with larger indices down but some showing gains. The MEXComp is down -0.60% to 53154, and BRAComp declined -0.56% to 127262. The VIX fear gauge has decreased by -0.38% to 18.23, suggesting reduced market anxiety. The US30 is down -0.11% to 43697, while US500 shows modest gains of +0.13% to 5987.2. The US2000 is up +0.24% to 2185.4, and the US100 rises +0.25% to 21247.50.

European markets are displaying a mixed picture, with notable divergence across the region. The VSTOXX is down -1.12% to 17.73, suggesting decreased market uncertainty. The NED25 has declined -0.12% to 929.87, while the UK100 gains +0.15% to 8688.0, and the SUI20 advances +0.57% to 12993. Several southern European indices are posting gains, with the ITA40 up +0.62% to 39146 and France's FRA40 also rising +0.62% to 8139.2. The SPA35 is up +0.74% to 13289, and the EU50 shows gains of +0.75% to 5511.6. The DE40 advances +0.78% to 22745.2, while Poland's W20 is up significantly at +1.28% to 2615.6. The Austrian AUT20 is showing the strongest performance with gains of +2.09% to 4195.

S&P 500 Sectors Show Mixed Performance. Source: Bloomberg Financial LP

Current volatility observed on Wall Street. Source: xStation 

The Nasdaq-100 index, represented by the US100 contract, has broken below key support levels: the 23.6% Fibonacci retracement level, which aligns with the early December high of 21,668, and the 50-day SMA at 21,626. These levels will now act as resistance for bulls attempting a rebound. Bears, on the other hand, will target a retest of the 38.2% Fibonacci retracement level, with the first support at the 100-day SMA at 21,241. The RSI has bounced from a zone that has historically led to reversals in the index, while the MACD is tightening, signaling a potential reversal soon. Source: xStation

Market & Corporate News:

• Super Micro Computer Soars on 10-K Filing: Super Micro Computer (SMCI.US) shares surge 19% after filing its delayed 10-K report, resolving a major risk that had plagued the company since EY's resignation as auditor in October. The filing confirms previously disclosed financial figures and alleviates delisting concerns, while the company's attractive valuation relative to its growth metrics further fuels investor enthusiasm.

• Axon Jumps on Strong Forecast: Axon (AXON.US) shares climb 16% after the Taser and body camera manufacturer provided 2025 adjusted EBITDA guidance of $640-670 million, exceeding analyst estimates of $632.1 million. Q4 results show impressive growth with net sales up 33% year-over-year to $575.1 million, driven by strong Taser segment performance (+37%) and solid Software and Sensors sales (+31%). Analysts dismiss recent competition concerns as "overblown."

• Workday Posts Strong Q4 Results: Workday (WDAY.US) shares rise 8% after beating Q4 expectations with adjusted EPS of $1.92 versus the $1.78 estimate. The human-resources software company forecasts fiscal 2026 subscription revenue of $8.8 billion, representing 14% growth, and raised its adjusted operating margin guidance to 28%, highlighting continued momentum in AI product adoption and financial solutions.

• Intuit Rallies on Tax Season Optimism: Intuit (INTU.US) stock gains 12% following strong Q2 results that exceeded expectations, with adjusted EPS of $3.32 versus estimates of $2.57. The tax-software company maintains its full-year guidance while reporting solid performance across segments, particularly in Credit Karma which beat expectations by approximately 26%. Morgan Stanley upgrades the stock to "overweight," citing momentum in small business solutions and margin improvement potential.

Other news coming from individual S&P 500 index companies. Source: Bloomberg Financial LP