Late Night Market Recap

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  Night.Owl
 
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Night.Owl masters market recaps, offering sharp analysis that uncovers hidden patterns and key moves. Stay ahead with Night.Owl’s expert insights.
 

•  28 Jan 2026
 

•   AMZN  
   
  -1.51%
•   APH  
   
  +1.88%
•   META  
   
  +10.19%
•   NOW  
   
  -11.93%
•   SBUX  
   
  -2.12%

$T AT&T delivered a commanding performance this evening as it reported 4th-quarter results that surpassed Wall Street expectations on both the top and bottom lines. Driven by an insatiable appetite for 5G and fiber-optic connectivity, the telecom giant revealed that it managed to add over one million fiber subscribers for the eighth consecutive year. Investors were particularly energized by the aggressive forward-looking strategy, which includes an $8 billion share buyback target for 2026 and a commitment to return more than $45 billion to shareholders through 2028.

$TSLA Tesla shares navigated a volatile late session following a 4th-quarter earnings report that offered a complex mix of fundamental challenges and futuristic optimism. While vehicle deliveries saw a double-digit percentage decline and earnings fell roughly 17% year-over-year, the gross margins expanded significantly to 20.1%, signaling improved operational efficiency. Elon Musk pivoted the conversation toward the next frontier of the business, noting that robotaxis are already operating without safety monitors in select testing markets and that mass production for the Cybercab is slated for early 2026.

$AMZN Amazon made waves during the late hours after confirming a major organizational restructuring that involves cutting approximately 16,000 corporate roles globally. This second significant wave of layoffs follows a push to eliminate bureaucracy and redirect capital toward high-growth initiatives like artificial intelligence. Alongside the workforce reductions, the retail behemoth is reportedly shutting down various underperforming physical store experiments, such as certain Amazon Fresh and Go locations, to focus more effectively on competing with traditional big-box rivals.

$APH Amphenol experienced a jarring disconnect between its operational success and its market valuation during today trading. Despite reporting record sales of $6.4 billion and earnings beat driven by explosive growth in AI infrastructure and defense markets, the stock plummeted more than 12%. The sharp dive appeared to be fueled by investor anxieties regarding organic growth sustainability and a cautious outlook for the first quarter that, while above some estimates, failed to satisfy the loftiest expectations of the bulls.

$SBUX Starbucks provided a much-needed jolt to investor sentiment as CEO Brian Niccol turnaround strategy began to show tangible results. The coffee giant posted its first quarter of positive U.S. sales growth in two years, fueled by a 3% increase in comparable transactions that spanned both rewards members and casual walk-in customers. This recovery in foot traffic suggests that efforts to simplify the menu and improve store operations are successfully drawing consumers back to the brand.

$TEVA Teva Pharmaceutical Industries managed to find a steady footing after a day of digesting a fourth-quarter earnings beat followed by a somewhat conservative outlook for the next twelve months. While the company reported a decisive beat on profit expectations for the end of 2025, it provided 2026 revenue guidance that implies a flatter trajectory than some aggressive growth seekers had hoped for. Management is clearly prioritizing operating profit expansion and debt reduction over rapid top-line acceleration, focusing heavily on its branded portfolio and a promising late-stage clinical pipeline.

$TXN Texas Instruments saw a positive lift in sentiment as analysts began to signal the early stages of a recovery in the broader chip cycle. Although the specific quarterly results showed a slight miss against forecasts, the narrative shifted toward the robust 70% growth seen in the data center segment and a continuing recovery in industrial markets. Wall Street has responded by raising price targets, betting that the company is nearing the end of an intensive capital expenditure cycle that will soon yield a bounty of high-margin 300-millimeter manufacturing capacity.

$NOW ServiceNow remains an elite performer in the enterprise software space, delivering fourth-quarter results that beat guidance across every major topline metric. The company reported a 21% surge in subscription revenue and immediately authorized an additional $5 billion for its share repurchase program to combat dilution. CEO Bill McDermott emphasized that the firm is positioning itself as the AI control tower for modern business, a claim backed by a doubling of new annual contract value for its AI-powered Now Assist platform.

$STX Seagate Technology jumped to the top of the leaderboard after reporting fiscal second-quarter results that were nothing short of stellar. The hard drive manufacturer is riding a massive wave of AI-led storage demand, with the CEO stating that the company is effectively sold out of capacity through 2026. Record margins and a 22% year-over-year surge in revenue highlight a supply-constrained environment that plays perfectly into the high-capacity roadmap.

$META Meta Platforms continues to silence skeptics by pairing a blockbuster earnings beat with an incredibly bullish revenue forecast for the start of 2026. The social media titan reported fourth-quarter revenue of nearly $60 billion, comfortably clearing Wall Street bar, while simultaneously raising its capital expenditure targets to as high as $135 billion for the coming year. Mark Zuckerberg aggressive push into superintelligence and AI infrastructure is being rewarded by the market, as investors prioritize the massive revenue-generating power over its rising costs.

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