Your Evening Briefing

February 19, 2026

Stocks break three-day winning streak; oil climbs amid US-Iran tensions

The S&P 500 and Nasdaq 100 fell while the Russell 2000 gained. Utilities and industrials were the best-performing sectors followed by energy as US-Iran tensions pushed oil prices higher. Financials was the worst performer.

Stocks that moved higher:

Etsy soared after selling Depop for $1.2 billion to eBay, whose shares also rose.
Multilevel marketing company Herbalife skyrocketed after announcing that Cristiano Ronaldo invested $7.5 million in its personal health and wellness software division.
Figma surged after reporting better than expected Q4 results and strong Q1 and full-year sales guidance yesterday after the bell.
John Deere jumped on a raised full-year profit outlook and a Q1 earnings beat.
Super Micro Computer jumped above its 50-day moving average on elevated call activity.
Despite posting a Q4 earnings miss and underwhelming Q1 earnings guidance after the close yesterday, DoorDash gained.

Stocks that moved lower:

Klarna plummeted after its Q1 guidance for revenue and gross merchandise value came in short of estimates.
Blue Owl Capital fell after permanently halting redemptions from a private credit fund aimed at retail investors. Peers TPG, Blackstone, Ares Management, Apollo Global Management, and KKR & Co. also fell.
Avis sank after reporting “unacceptable” Q4 results, sending rival rental car company Hertz lower as well.
Carvana cratered after its Q4 earnings missed estimates after the bell yesterday.
Wayfair plunged amid a drop in active users, despite reporting solid Q4 results this morning.
Pool Corp tumbled after its Q4 results and 2026 earnings outlook missed estimates.
Bitdeer sank following an announcement of a $300 million note offering to fund its pivot to AI.
Alaska Air, United Airlines, Frontier Airlines, Southwest Airlines, JetBlue, Allegiant, American Airlines, and Delta Air Lines declined as oil prices rose amid escalating US-Iran tensions.
Molson Coors sank on a Q4 sales miss and a drop in 2026 profit forecast.
Palantir dipped as the stock was removed from Bank of America’s list of top US investment ideas.
Walmart ticked lower after its full-year guidance came in short of estimates, but its Q4 results beat estimates.

The Seahawks got put up for sale just 10 days after winning Super Bowl LX

With a second Lombardi Trophy behind it, the franchise could fetch a record-breaking $8 billion, per execs. Read more.

Have we reached the bitcoin bottom yet? Many experts don’t think so.

“Bitcoin bear markets tend to see more than a 50% drawdown... If you follow that rule of thumb, this bear market would see bitcoin push below $30,000,” one analyst told Sherwood.

Read more.

POST-MARKET MOVE

Kaz Nejatian, then Shopify COO, now Opendoor CEO (Ramsey Cardy/Getty Images)

Opendoor Technologies jumps after posting better than expected Q4 results

Opendoor is jumping in after-hours trading after posting better than expected fourth-quarter results.

The retail enthusiasm and elevated activity that powered the company to fresh multi-year highs in Q3 of last year has waned significantly. We’ll see if this report can rejuvenate traders’ interest in an enduring fashion. Read more.

AMD to “effectively guarantee” a loan to AI startup Crusoe that will be used to purchase its chips, The Information reports
Taking a leaf out of Nvidia’s book.
AppLovin is reportedly planning to launch a social networking platform
The ad tech company has designs on starting a social networking platform of its own after it was unable to get its hands on TikTok’s US operations.
OpenAI reportedly finalizing $100 billion fundraising round at $830 billion valuation
The Information reports that OpenAI is finalizing commitments from investors including SoftBank, Amazon, Nvidia, and Microsoft.

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