Day Trade Cheat Sheet - February 05, 2026 (Morning)

 ## MARKET MOOD: RISK-OFF Overnight markets showed a risk-off sentiment as investors reacted to mixed earnings reports and concerns about inflation. The tech sector faced a sell-off amid fears of rising interest rates and a slowdown in growth, leading to a broader sell-off in equities. ## TOP 5 HEADLINES 1. **Aurora Cannabis Reports Increased Revenue And Free Cash Flow For Q3-2026** → Impact: Positive sentiment may boost **ACB** shares due to stronger financials. 2. **Enterprise Products price target raised to $34 from $33 at TD Cowen** → Impact: Potential bullish momentum for **EPD** as analysts show increased confidence. 3. **Marathon Petroleum price target raised to $198 from $183 at TD Cowen** → Impact: Upward revision could support **MPC** stock as it reflects growth potential. 4. **Is Value's Outperformance The Precursor To A Bear Market?** → Impact: Raises caution among investors, potentially leading to increased volatility. 5. **Bristol Myers Rises Inside A Buy Zone On Street-Beating 2026 Outlook** → Impact: Positive outlook may attract buyers to **BMY**, supporting upward momentum. ## PRE-MARKET MOVERS ### Longs (Bullish Catalysts) **$ACB** - Increased revenue and free cash flow reported for Q3-2026. **$EPD** - Price target raised, indicating growing confidence. **$MPC** - Analyst upgrade on price target suggests potential upside. **$BMY** - Positive outlook could lead to increased buying interest. ### Shorts (Bearish Catalysts) **$SNAP** - Missed user growth expectations despite profit exceeding estimates. **$QUALCOMM** - Weak guidance due to memory chip shortages negatively impacting outlook. **$PTON** - Falling subscriptions and financial struggles lead to stock declines. **$AAPL** - Continuing concerns over demand and market saturation may pressure shares. ## INDEX BIAS **SPY:** BEARISH - Weak earnings reports and inflation concerns are weighing on market sentiment. **QQQ:** BEARISH - Tech sector sell-off due to heightened fears of interest rate increases. **IWM:** BEARISH - Small caps under pressure from broader market declines and economic concerns. ## SECTORS **Favor:** Energy - Positive earnings and price target raises in oil and gas companies indicate strength. **Avoid:** Technology - Ongoing sell-offs and negative outlooks suggest caution in this sector. ## CATALYST WATCH Events today that could move markets: - 10:00 AM EST: ISM Services Index - Potential insight into economic health. - 2:00 PM EST: Federal Reserve Meeting Minutes - Key insights on monetary policy direction. ## BOTTOM LINE **Today's Play:** DEFENSIVE With a risk-off sentiment prevailing, focus should be on defensive plays and sectors showing resilience, such as energy. Earnings reports from significant companies are causing volatility, making it prudent to remain cautious and selective in trading strategies.