US Pre-Market - Friday, February 6, 2026

General Trends

US index futures are rebounding this Friday morning, after yesterday’s correction on Wall Street, in a context marked by mixed results from several companies, including Amazon. Bond yields continue to rise.

Nasdaq 100: +0.57%
S&P 500: +0.60%
Dow Jones: +0.75%

Key Stock Movers

Amazon (AMZN): -8% premarket

The e-commerce giant reported Q4 results (a crucial holiday season) that disappointed the market, prompting a sharp drop in the stock before the open.

Gen Digital (GEN): +11%

The company raised its 2026 revenue and EPS guidance, driven by AI and MoneyLion’s performance.

Hims & Hers Health (HIMS): -8%

The stock plunged following comments from FDA commissioner Marty Makary promising action against companies selling unauthorized versions of treatments, notably Novo Nordisk’s (NV) semaglutide, which is sold by HIMS at discounted prices.

Molina Healthcare: -33%

Major disappointment over 2026 outlook, which fell far short of market expectations.

Centene (CNC): -5%

Q4 results beat expectations and 2026 guidance is better than anticipated in terms of EPS (> $3.00 vs $2.88 expected), but disappointment over projected revenue.

Mawson Infrastructure Group (MIGI): -12%

Forecasts well below expectations: Q4 revenue fell 79% to $3.2M, with a net loss estimated at $15.8M.

Doximity (DOCS): -35%

Despite better-than-expected fiscal Q3 2026 results, guidance for Q4 and the full year is below consensus.

Carlyle Group (CG): +3%

Distributable earnings per share of $1.01 in Q4, beating consensus ($0.99), buoyed by a record year for fee-related revenues.

Focus: Amazon (AMZN) Under Pressure, but Analysts Stay Bullish

The e-commerce giant dropped as much as 8% premarket following its Q4 results, marked by a sharp rise in capital expenditure (capex). The market’s reaction was harsh, but Wall Street still believes in Amazon’s medium/long-term potential.

Bank of America maintains its Buy rating, though it lowers its price target to $275. Analyst Justin Post believes capex returns will become the main driver of valuation, particularly thanks to AI momentum.
Morgan Stanley keeps its Overweight rating and $300 target, highlighting AWS acceleration and retail segment efficiency gains. Brian Nowak sees Amazon as an underestimated winner in the AI race.
RBC Capital remains Outperform with an unchanged $300 target, despite slightly lowering EBIT/EPS forecasts due to Leo satellite project costs. Analyst Brad Erickson calls Amazon "the most underestimated mega-cap in the sector".
Wedbush is also Outperform, but adjusts its target to $300, noting the guidance is cautious but possibly conservative. Dan Ives anticipates structural margin improvement thanks to AWS, advertising, and logistics optimization.
Seeking Alpha points to a split among its analysts: recommendations range from Buy to Sell.

At 6:47am (New York time), AMZN had trimmed losses to -7.3%.

US Bond Yields

Yields are rising again:

10-year: 4.20% (+2 bps)
30-year: 4.86% (+1.4 bps)
2-year: 3.49% (+2.6 bps)

Takeaways

The market is attempting a rebound after a volatile session.
Quarterly results are driving premarket moves.
Ongoing tension in bond yields signals a market attentive to macroeconomic expectations.

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