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Q4 Earnings, JOLTS & a Changing of the Disney Guard
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Key Takeaways
Disney CEO & President Replacements Announced
JOLTS Numbers Kick Off "Jobs Week" for February
PYPL, PFE, MRK and MPC Report Q4 Earnings, with Various Success
AMD, AMGN and CMG Report Q4 Earnings After the Close
Tuesday, February 3rd, 2026
Kicking off another day of trading, the Dow is flat but other indexes are up: the S&P 500 +0.23%, the Nasdaq +0.51% and the small-cap Russell 2000 +0.32%. The rebound off Friday’s near-term lows continues at a somewhat measured pace, with an apparent bullish signal for tech stocks at this hour.
Bob Iger’s Replacements at Disney Announced
A day after The Walt Disney Co. (DIS - Free Report) reported encouraging quarterly earnings, bolstered largely due to outperformance at the company’s theme parks, has announced changes to the front office. CEO Bob Iger will step down next month — not the end of the year, as earlier surmised — and will be replaced by Josh D’Amaro, currently the Chairman of Disney Experiences, where he has served since 2020. Disney Experiences includes Parks, Cruises and Consumer Products.
Meanwhile, Dana Walden, currently head of Disney Entertainment Media — including news and content — will take over as both Disney President and Chief Creative Officer (a newly- minted role at the company) on March 18th. This will effectively give the entertainment behemoth two heads for leadership going forward. Shares of DIS are up +1.4% on the news at this hour.
JOLTS Jobs Numbers Out After the Open
The December report for Job Openings and Labor Turnover Survey (JOLTS) comes out this morning at 10am ET, with expectations for the lowest number of the year for the second-straight month: 7.1 million. The last print came in at 7.14 million, which amounted to the fewest job openings since September of 2024.
This is the first set of numbers addressing “Jobs Week” this week, and reports a month in arrears from Wednesday’s ADP (ADP - Free Report) private-sector payrolls and Friday’s Employment Situation from the U.S. Bureau of Labor Statistics (BLS). Last report, more than -100K job openings in both Accommodation/Food Services and Trade/Transportation/Utilities sank results, with all four regions posting negative job openings. We’ll see how December numbers compare.
Q4 Earnings Roundup Ahead of the Bell
Zacks Rank #4 (Sell)-rated PayPal (PYPL - Free Report) missed estimates on both top and bottom lines this morning, posting earnings of $1.23 per share which came 6 cents shy of the Zacks consensus. Revenues of $8.68 billion were -1.07% below expectations. Shares are down -18% in today’s pre-market trading, after shedding -10% already year to date. For more on PYPL’s earnings, click here.
Big Pharma staples Pfizer (PFE - Free Report) and Merck (MRK - Free Report) both outperformed estimates this morning in their respective Q4 reports: Pfizer posted a +15.8% earnings surprise to $0.66 per share on a +4.26% outperformance on revenues to $17.56 billion, while Merck beat on earnings by a penny to $2.04 per share on a +1.33% revenue surprise to $16.4 billion. But investors are selling the news on lukewarm outlooks for both major drugmakers.
Marathon Petroleum (MPC - Free Report) had perhaps the strongest quarterly beat of the morning, logging earnings of $4.07 per share versus expectations of $2.73, for a +49% positive surprise. Revenues of $33.42 billion were also strongly ahead of estimates, by +12.9%. Shares are up +3.4% at this hour, +8.8% year to date. For more on MPC’s earnings, click here.
What to Expect During Today’s Stock Market
Earnings, earnings and more earnings! Once the closing bell sounds, we’ll prepare for Q4 earnings from Advanced Micro Devices (AMD - Free Report) , a Zacks Rank #2 (Buy)-rated chipmaker expected to bring +21% earnings growth year over year on +26% revenue growth. We’ll also see results for Amgen (AMGN - Free Report) , Skyworks Solutions (SWKS - Free Report) and Chipotle (CMG - Free Report) , all of which carry a Zacks Rank #3 (Hold) rating into the prints. Questions or comments about this article and/or author? Click here>>
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Q4 Earnings, JOLTS & a Changing of the Disney Guard
Key Takeaways
Tuesday, February 3rd, 2026
Kicking off another day of trading, the Dow is flat but other indexes are up: the S&P 500 +0.23%, the Nasdaq +0.51% and the small-cap Russell 2000 +0.32%. The rebound off Friday’s near-term lows continues at a somewhat measured pace, with an apparent bullish signal for tech stocks at this hour.
Bob Iger’s Replacements at Disney Announced
A day after The Walt Disney Co. (DIS - Free Report) reported encouraging quarterly earnings, bolstered largely due to outperformance at the company’s theme parks, has announced changes to the front office. CEO Bob Iger will step down next month — not the end of the year, as earlier surmised — and will be replaced by Josh D’Amaro, currently the Chairman of Disney Experiences, where he has served since 2020. Disney Experiences includes Parks, Cruises and Consumer Products.
Meanwhile, Dana Walden, currently head of Disney Entertainment Media — including news and content — will take over as both Disney President and Chief Creative Officer (a newly- minted role at the company) on March 18th. This will effectively give the entertainment behemoth two heads for leadership going forward. Shares of DIS are up +1.4% on the news at this hour.
JOLTS Jobs Numbers Out After the Open
The December report for Job Openings and Labor Turnover Survey (JOLTS) comes out this morning at 10am ET, with expectations for the lowest number of the year for the second-straight month: 7.1 million. The last print came in at 7.14 million, which amounted to the fewest job openings since September of 2024.
This is the first set of numbers addressing “Jobs Week” this week, and reports a month in arrears from Wednesday’s ADP (ADP - Free Report) private-sector payrolls and Friday’s Employment Situation from the U.S. Bureau of Labor Statistics (BLS). Last report, more than -100K job openings in both Accommodation/Food Services and Trade/Transportation/Utilities sank results, with all four regions posting negative job openings. We’ll see how December numbers compare.
Q4 Earnings Roundup Ahead of the Bell
Zacks Rank #4 (Sell)-rated PayPal (PYPL - Free Report) missed estimates on both top and bottom lines this morning, posting earnings of $1.23 per share which came 6 cents shy of the Zacks consensus. Revenues of $8.68 billion were -1.07% below expectations. Shares are down -18% in today’s pre-market trading, after shedding -10% already year to date. For more on PYPL’s earnings, click here.
Big Pharma staples Pfizer (PFE - Free Report) and Merck (MRK - Free Report) both outperformed estimates this morning in their respective Q4 reports: Pfizer posted a +15.8% earnings surprise to $0.66 per share on a +4.26% outperformance on revenues to $17.56 billion, while Merck beat on earnings by a penny to $2.04 per share on a +1.33% revenue surprise to $16.4 billion. But investors are selling the news on lukewarm outlooks for both major drugmakers.
Marathon Petroleum (MPC - Free Report) had perhaps the strongest quarterly beat of the morning, logging earnings of $4.07 per share versus expectations of $2.73, for a +49% positive surprise. Revenues of $33.42 billion were also strongly ahead of estimates, by +12.9%. Shares are up +3.4% at this hour, +8.8% year to date. For more on MPC’s earnings, click here.
What to Expect During Today’s Stock Market
Earnings, earnings and more earnings! Once the closing bell sounds, we’ll prepare for Q4 earnings from Advanced Micro Devices (AMD - Free Report) , a Zacks Rank #2 (Buy)-rated chipmaker expected to bring +21% earnings growth year over year on +26% revenue growth. We’ll also see results for Amgen (AMGN - Free Report) , Skyworks Solutions (SWKS - Free Report) and Chipotle (CMG - Free Report) , all of which carry a Zacks Rank #3 (Hold) rating into the prints.
Questions or comments about this article and/or author? Click here>>