Positioning day ahead of Wednesday’s delayed January jobs report. LEU earnings after close. Google/Wiz EU verdict expected. NXE CNSC hearing Day 2. Nikkei hits record. Gold above $5K.
Nikkei hit record 57,650 (+2.28%) on Takaichi election win. SoftBank +10.7%. Gold above $5K. Crypto selloff continues — BTC at $69K, worst drawdown since FTX.
Nikkei surged to all-time high of 57,650 (+2.28%) on the “Takaichi trade” after PM Sanae Takaichi’s landslide Lower House victory. Topix also hit record. SoftBank spiked +10.7% on upgraded forecasts — positive read-through for AI infra and robotics thesis. Hang Seng +0.58%. Shanghai flat. India opened green.
DAX ~+1.2% at Monday’s close, STOXX 600 ~+0.7%, FTSE 100 ~+0.2%. European defense stocks remain bid on NATO 3.5% GDP rearmament trajectory. EUR/USD at 1.19 reflecting sustained dollar weakness. EU markets positioned ahead of earnings and economic data.
Dollar weakness persists (DXY 96.84, -10.3% YoY). Gold above $5K on safe-haven demand and weaker real yields. Crypto crash continues — BTC at $69K. NFIB small business uncertainty sub-index surged 7 pts to 91 on tariff/policy concerns. Natural gas plunged 8.2% on warmer forecasts.
| Time (ET) | Release | Actual | Consensus | Significance |
|---|---|---|---|---|
| 6:00 AM | NFIB Small Business Optimism (Jan) | 99.3 | 99.8 | Low |
| After Close | Centrus Energy (LEU) Q4 Earnings | — | $1.55 EPS | High |
| Ticker | Sector | Price | Move | Catalyst |
|---|---|---|---|---|
| VRT | AI Infra | $203.51 | New ATH $208 | Earnings TOMORROW — AI power demand bellwether |
| LMT | Defense | $637.89 | +2.3% | Near ATH; PAC-3/THAAD ramp, $194B backlog |
| NOC | Defense | $709.11 | +1.8% | B-21 + Golden Dome + SDA contracts |
| LHX | Defense | $349.66 | +2.2% | Highest-margin prime; Missile Solutions IPO H2 |
| NVDA | AI Infra | $191.73 | +3.4% prev | Nearing $207 resistance; earnings Feb 26 |
| LEU | Nuclear | $263.47 | +140% 52-wk | REPORTING TODAY (AMC) — implied +/-15% move |
| CEG | Nuclear | $272.15 | -34% from hi | Pullback from $413; Palisades NRC meetings this week |
| PL | Space | $23.51 | Breakout | $734M backlog (+216%); defense EO inflection |
| ANET | AI Infra | $131.84 | -19% from hi | Data center capex anxiety; potential entry |
| FCX | Minerals | $63.37 | Near ATH | Copper deficit thesis; Grasberg restart Q2 |
| Ticker | Sector | Last | Support | Resistance | 52W Hi | Signal |
|---|---|---|---|---|---|---|
| NVDA | AI | $191.73 | $180 | $207 | $207 | Bullish, nearing resistance |
| VRT | AI | $203.51 | $180 | $208 ATH | $208 | Breakout — earnings pivotal |
| LMT | Defense | $637.89 | $600 | $660 | $660 | Bullish, approaching resistance |
| CEG | Nuclear | $272.15 | $261 | $300 | $413 | -34% pullback; building base? |
| LEU | Nuclear | $263.47 | $220 | $300 | $300 | +140% 52-wk; binary earnings |
| PANW | Cyber | $190.71 | $180 | $200 | $210 | Consolidating; Feb 17 earnings |
| PL | Space | $23.51 | $21.65 | $28.78 | $28.78 | Backlog-driven breakout |
| ANET | AI | $131.84 | $120 | $160 | $165 | -19% from highs; oversold? |
| FCX | Minerals | $63.37 | $60.50 | $65.13 | $65.13 | Near ATH; copper deficit |
| SYM | Robotics | $62.65 | $58.50 | $70 | $70 | Strong uptrend; +150% in 2025 |
| Date | Ticker | Thesis | Tier | Consensus | What to Watch |
|---|---|---|---|---|---|
| Today AMC | LEU | Nuclear | T1 | $1.55 EPS | HALEU production scale, DOE $900M expansion timeline, enrichment capacity |
| Wed 2/11 | VRT | AI Infra | T1 | TBD | $9.5B backlog update, book-to-bill, AI data center demand commentary |
LMT +2.3%, NOC +1.8%, LHX +2.2% — all near 52-week highs. RTX announced five landmark missile framework agreements Feb 4 (Tomahawk >1K/yr, AMRAAM >1.9K/yr). Security supercycle narrative strengthening.
LEU earnings today (AMC) — only Western HALEU producer, $900M DOE expansion. NXE CNSC Rook I hearing Day 2 (largest new uranium mine). Palisades NRC meetings this week on steam generator repairs.
EU Commission Phase I deadline today on Google’s $32B Wiz acquisition. Approval validates CNAPP at 45-65x ARR, removes independent competitor, benefits PANW, CRWD, ZS. QuantumScape Eagle Line inaugurated Feb 4.
| Ticker | Activity | Detail |
|---|---|---|
| FROG | 6x daily volume | Call buying on March $60 strike. Tier 2 Cyber (supply chain security). |
| LEU | Elevated pre-earnings | Implied move +/-14.9% ($39.30) for after-close report. |
| VRT | Building pre-earnings | At new ATH; expect IV expansion into tomorrow. |
| Date | Catalyst | Tickers | Priority |
|---|---|---|---|
| Feb 9-12 | NexGen CNSC Rook I hearing Part 2 | NXE, CCJ | Critical |
| Feb 10 | LEU Q4 earnings (after close) | LEU | High |
| Feb 10 | Google/Wiz EU antitrust Phase I deadline | GOOG, PANW, CRWD, ZS | High |
| Feb 10-11 | Palisades NRC meetings this week | CEG, VST | Medium |
| Feb 11 | VRT Q4 earnings + Delayed Jan jobs report | VRT, ETN | Critical |
| Feb 17 | PANW Q2 FY2026 earnings | PANW | High |
| Feb 25 | IonQ Q4/FY2025 earnings | IONQ | High |
| Feb 26 | NVDA + RKLB earnings | NVDA, RKLB | Critical |
| Mar 6-11 | Artemis II launch window | LUNR, RKLB, LMT, PL | High |
| Mar 27 | NRC Part 53 final rule | Nuclear sector | Medium |
| Q1 2026 | TerraPower construction permit (expected) | Nuclear sector | High |