US PRE-MARKET MOVERS: GOOGL, MSFT, QCOM, ARM, ALGN, SNAP, TPR, HSY, CI, SHEL, FMC, EL

ES -0.1% NQ -0.2% RTY flat

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  GOOGL -3.5%: Hiked 2026 capex plans, reviving investor concerns re. scale & payback of AI investment plans; note, EPS, rev., Cloud rev. topped


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  MSFT -1.3%: Downgraded at Stifel as sees 2027 estimates as too optimistic


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  QCOM -12.5%: Weak next Q outlook as mgmt. warned that a global memory shortage would weigh on near-term guidance


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  ARM -8%: Licensing rev. light; guidance only slightly topped & weak outlook from key customer QCOM heightened concerns around smartphone exposure amid memory shortages


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  ALGN +11%: Top & bottom line surpassed exp.


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  SNAP +6%: Surprise profit per shr., rev. beat & announced $500mln share buyback


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  TPR +5.5%: Q metrics impressed


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  HSY +2%: Strong Q4 metrics w/ impressive 2026 EPS guide


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  CI +1.2%: EPS, rev. topped & lifted div. 3.3%


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  SHEL -1.5%: Missed profit exp. as lower crude prices, weak oil trading & a struggling chemicals business offset slightly higher output


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  FMC -5.5%: Rev. missed, - 12% Y/Y w/ weak next Q & FY outlook


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  EL -11.5%: Top line fell marginally short

05 Feb 2026 - 12:25- EquitiesUS Research- Source: Newsquawk