Eli Lilly slips after slashing full-year guidance

Eli Lilly slipped in premarket trading after it beat Wall Street estimates but cut its profit guidance for the year.

The company reported adjusted earnings per share of $3.34, compared to the $3.26 analysts polled by FactSet were expecting. The company reported $12.7 billion in sales, slightly higher than the $12.6 billion analysts were expecting. Sales of its two blockbuster diabetes and weight-loss drugs, Mounjaro and Zepbound, were in line with analyst estimates, too.

But the company also lowered its earnings outlook for 2025, which it attributed to higher-than-expected research costs. Management now expects annual adjusted earnings per share of $20.78 to $22.28, down from $22.50 to $24.

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Luke Kawa8m

It’s a new year and traders want the same old AI stocks

The early bet of 2026 is that if there’s an AI bubble, we have some more inflating to do.

The who’s who of AI stocks big and small are starting the year off with a bang.

The major gainers include:

The big three AI chip stocks: Nvidia, Broadcom, and Advanced Micro Devices, as well as foundry giant TSMC.
The memory stocks that led in 2025: Micron, Western Digital, Seagate Technology Holdings, and Sandisk.
Neoclouds CoreWeave, Nebius, IREN, and Cipher Mining.
AI-adjacent energy plays like Bloom Energy, Oklo, and Plug Power.
ASML, the Dutch business whose gigantic photolithography machines imprint circuits on the chips that enable the AI boom.
And finally, AI server company Super Micro Computer.

Is there any specific news driving this? No, not really. This is just a signal of intent that traders kicking off the new year with fresh, unblemished P&Ls are willing to dive headlong into a “new year, same AI-fueled rally” thesis.

One of Wall Street’s biggest bulls on what to expect in 2026

Deutsche Bank’s Bankim Chadha has one of the most bullish targets for the S&P 500 in 2026. Here’s why.

Matt Phillips25m

Luke Kawa

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What you missed if you completely disconnected from markets for the holidays

Tons of M&A news, some economic data, and executive actions to boot.

Tasha Matsumoto

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12/31/25

Stocks cap off a fantastic year with a bad day

Every sector traded lower and all of the Magnificent 7 stocks fell.

UNITED STATES - FEBRUARY 04: Football: Super Bowl XLI, Chicago Bears Brian Urlacher (54) upset after losing game vs Indianapolis Colts, Confetti, Miami, FL 2/4/2007

Luke Kawa12/31/25

Trump Media jumps after announcing plans to distribute digital tokens to shareholders

Trump Media & Technology Group is jumping in premarket trading after the owner of Truth Social announced plans to distribute a digital token to shareholders in partnership with Crypto.com (which is also its partner in the event contracts space).

Shareholders will receive one token per share owned, according to the press release, which can give the holder access to “various rewards” that “may include benefits or discounts tied to Trump Media products.”

This move is a little closer to home for Trump Media, which has effectively been a digital asset treasury, compared to its recent merger with fusion energy company TAE Technologies, which will radically transform the entity.

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