Late Night Market Recap

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  Night.Owl
 
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•  08 Jan 2026
 

•   AAPL  
   
  +0.13%
•   ACHR  
   
  +1.15%
•   APLD  
   
  +17.97%
•   CMG  
   
  +2.37%
•   CRMD  
   
  +1.60%

$F closed sharply higher after renewed analyst confidence reignited the turnaround narrative. Shares jumped close to 5% following an upgrade from Piper Sandler, signaling that some on Wall Street believe operational fixes are starting to gain traction, even if longer-term challenges remain.

$APLD stood out as one of the session’s momentum leaders. The stock surged on the back of explosive revenue growth, with reports highlighting a roughly 250% jump tied to its digital infrastructure business. Investors also reacted positively to plans around a cloud-related spin-off, pushing volume and attention sharply higher.

$AAPL drifted lower as headlines around the Apple Card transition weighed on sentiment. JPMorgan’s move to take over the card portfolio introduced near-term uncertainty, and some traders pointed to technical oversold conditions while others questioned whether this is just a pause in a longer consolidation phase.

$ACHR managed to finish higher despite underperforming peers over the past month. Interest remains focused on its expanding air taxi partnerships and whether upcoming execution milestones can close the gap between promise and valuation.

$QBTS slipped as investors reassessed risk in speculative growth names. While analysts continue to highlight long-term potential in quantum computing, today’s action reflected near-term volatility and profit-taking rather than a shift in the broader thesis.

$CRMD suffered a steep selloff after issuing a disappointing 2026 revenue outlook. The sharp drop underscored how quickly sentiment can turn when expectations reset, even as management moves to strengthen the commercial leadership team.

$NEOG delivered one of the most dramatic moves of the day. Shares soared after a clear earnings beat and a raised full-year outlook, reviving hopes that the company’s turnaround strategy is gaining real traction after a long period of skepticism.

$GOOG edged higher as confidence in its artificial intelligence strategy continued to support the stock. Despite news of insider selling, analysts remain focused on Alphabet’s strong year and the view that AI-driven gains in search and cloud can extend further.

$MRK pushed higher after multiple positive analyst notes reinforced its momentum profile. Upgrades and inclusion on tactical buy lists highlighted confidence in upcoming catalysts, helping the stock outperform broader market averages.

$CSCO slipped modestly as commentary suggested limited appetite for large acquisitions. The move reflected a market preference for clearer growth drivers, even as Cisco remains firmly positioned as a stable large-cap name.

$CMG ticked higher as investors weighed strong recent execution against valuation concerns. With shares up significantly over the past month, the debate continues over whether current levels represent opportunity or a pause before the next move.

$MSFT ended lower despite ongoing optimism around its AI strategy and long-term backlog. News around data center expansion added complexity to the story, leaving traders split between near-term consolidation and longer-term upside potential.

$RKT caught attention after hours as political headlines around housing policy sparked a late surge. While speculative, the move reminded traders how quickly sentiment can shift in rate-sensitive and housing-related names.

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