S&P 500 Rises for Fifth Consecutive Day, Tech Stocks Lead
The S&P 500 closed higher for the 5th consecutive session on Tuesday, with Tech and Utilities as the top performing sectors, and while the index continues to flirt with the 7,000 level, a breach remains elusive. This may finally change on Wednesday however, as the earnings calendar finally arrived for the Tech heavyweights with reports from notable Hardware names, and the results have not disappointed. Afterhours, Texas Instrumentsis up over 8% and Seagateis up 8% following results, while Western Digitalis up 6% and Sandiskis up 3% in sympathy. Futures are also pointing higher - S&P e-minis are up 0.1% and Nasdaq 100 contract is up 0.3%,In commodities, precious metals are on offense one againafter a day of consolidation with gold above $5,160 and Silver above $112 as President Trump was explicit in his comments that he is not concerned with weaker US Dollar over the past few days. In commodities, WTI Crude Oil is also adding to gains above $62 per barrel level in the wake of API inventories data showing a modest draw after two weeks of relatively large builds.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Strideup 31.2%F5, Inc.up 10.4%Texas Instrumentsup 8.5%Seagateup 7.8%; Western Digital Corporationup 5.8%; Sandisk Corporationup 3.4% in sympathyNextpowerup 7.8%ALSO HIGHER -LegalZoom.comup 4.5% after S&P SmallCap 600 admissionAmerican Healthcare REITup 4.0% after S&P MidCap 400 admissionAmneal Pharmaceuticalsup 3.6% after S&P SmallCap 600 admissionApellis Pharmaceuticalsup 3.6% after S&P SmallCap 600 admissionDutch Brosup 2.9% after S&P MidCap 400 admissionDOWN AFTER EARNINGS -Qorvodown 10.1%Greifdown 3.3%Logitech International S.A.down 1.3%ALSO LOWER -Venu Holdingdown 18.3% after equity offeringStandardAerodown 4.3% after equity offering
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- Stock Purchase Overview: On January 5, 2026, Mullin disclosed purchases of 10 stocks, each ranging from $15,000 to $50,000, indicating his ongoing interest in small and mid-cap stocks, with most having market capitalizations below $20 billion.
- Small-Cap Characteristics: Notably, two of these stocks have market caps under $5 billion, reinforcing Mullin's preference for smaller stocks, which could influence his decisions on the Armed Services Committee, particularly regarding future government contracts.
- Historical Trade Review: Prior to this, on December 29, 2025, Mullin bought six of the Magnificent Seven stocks, investing at least $50,000, highlighting his preference for tech stocks, with Microsoft Corp (MSFT) being the largest investment.
- Potential Conflict of Interest: Given Mullin's role on the Armed Services Committee, Benzinga will closely monitor his future stock trades, especially concerning potential conflicts arising from military actions in countries like Venezuela.
- Board Investigation: Berger Montague is investigating Stride, Inc.'s Board of Directors for potential breaches of fiduciary duties, particularly regarding oversight of public statements about the company's operations and financial performance, which may harm shareholder interests.
- Shareholder Rights Protection: The investigation aims to safeguard the rights of Stride shareholders, who can contact Berger Montague for more information, highlighting the law firm's commitment to protecting investor interests.
- Education Technology Company Profile: Stride, Inc., headquartered in Reston, Virginia, focuses on providing online learning programs and curricula to schools and districts nationwide, underscoring its significance in the education technology sector.
- Law Firm Expertise: Berger Montague is a leading firm in complex civil litigation and class actions, having recovered over $50 billion for clients over 55 years, demonstrating its strong capabilities and influence in the legal field.
- Revenue Growth: Stride's revenue for Q2 FY2026 rose 7.5% year-over-year to $631.3 million, driven by a 7.8% increase in total enrollments to 248,500, with career learning enrollments surging 17.6% to 111,500, indicating a sustained demand for alternatives to traditional education models.
- Profitability Improvement: Adjusted EBITDA surged 17.2% to $188.1 million, demonstrating Stride's ability to enhance profitability while scaling operations, with adjusted earnings per share increasing 5.5% to $2.50, surpassing consensus estimates of $2.01.
- Stable Growth Forecast: Management anticipates full-year revenue between $2.480 billion and $2.555 billion for FY2026, with adjusted operating income projected at $485 million to $505 million, reflecting approximately 5% and 6% year-over-year growth, respectively, indicating a positive outlook for future growth.
- Positive Market Reaction: Following the earnings announcement, Stride's stock price surged 14.25%, closing at $10.32, reflecting strong investor confidence in the company's performance and future growth potential.
- Intel Stock Surge: Intel's stock rose over 11% following a DigiTimes report indicating that Nvidia will shift chip production to Intel by 2028, enhancing its competitive position in the semiconductor market.
- AT&T Profit Guidance Upgrade: AT&T's stock increased by 5% after raising its annual profit guidance, expecting free cash flow to exceed $21 billion in 2028, surpassing analysts' estimates of $19.61 billion, indicating robust financial health.
- Seagate Strong Earnings Boost: Seagate's stock soared 19% after reporting adjusted earnings of $3.11 per share, exceeding the expected $2.81, reflecting strong performance in the storage infrastructure sector.
- Stride Earnings Beat Expectations: Stride's stock surged 21% after reporting adjusted earnings of $2.50 per share, significantly above analysts' expectations of $2.01, showcasing strong demand in the virtual education market.
- Momentum Indicator Alert: As of January 28, 2026, two stocks in the consumer discretionary sector are signaling caution for momentum traders, particularly with the Relative Strength Index (RSI) exceeding 70, indicating potential overvaluation.
- Key Overbought Stocks: Gold.com Inc (NYSE:GOLD) and Stride Inc (NYSE:LRN) are identified as major overbought stocks, prompting investors to carefully assess their short-term performance risks.
- RSI Interpretation: The RSI serves as a momentum indicator by comparing the strength of a stock on up days versus down days, helping traders gauge short-term performance, with overbought conditions potentially leading to price corrections.
- Market Impact Analysis: Given the prevalence of momentum trading strategies, investors should be aware of the potential pullback risks associated with these overvalued stocks to avoid losses amid market volatility.











