Intel, AMD among market cap stock movers on Wednesday

1002 ET - While Celestica is entering into 2026 with a solid business and management team, TD Cowen's John Shao says investor sentiment is likely closely linked to broader artificial intelligence volatility. In a report, the analyst says that in an ideal scenario, its execution and continuously improving financials should drive the stock's consistent appreciation. "Realistically though, we believe Celestica trade is intricately tied to the broader AI trade which exhibits increasing volatility and fragility," he says. The analyst maintains a hold rating on the stock based on the associated risk, but says the situation remains "highly fluid" and that the rating could change if investor sentiment improves or if volatility drags more on the price of the stock. (adriano.marchese@wsj.com)

1001 ET - Halliburton expects declining sales in 1Q, as it works to rebalance supply to meet sluggish near-term demand. The oil-field service company guides for sales to fall 7% to 9% sequentially across its completion and production division during the current quarter, hurt in part by a slowdown in international activity. And revenue across Halliburton's drilling and evaluation unit is projected to fall 2% to 4% sequentially. CEO Jeff Miller sees 2026 as a rebalancing year, he says on a call with analysts. Longer-term, he expects business to accelerate as macroeconomic conditions improve, and international operations ramp up. Shares rise 4.4%. (connor.hart@wsj.com)

0954 ET - The dollar remains subdued as Trump touts his handling of the economy, reaffirms his will to acquire Greenland and calls for lower borrowing costs in the U.S. during his speech in Davos. The greenback has been under pressure this week amid rising geopolitical turbulence, concerns about fiscal stability in Japan and potential weakening of Fed independence, among other factors. The WSJ Dollar Index is down 0.1%, as the greenback weakens slightly against the euro and the yen, while strengthening 0.2% against the Swiss franc. (paulo.trevisani@wsj.com; @ptrevisani)

0950 ET - Halliburton CEO Jeff Miller says his phone is ringing off the hook due to the renewed interest in Venezuelan oil. The oil-field service company is currently working through the mechanics required to reenter the country, which Miller expects to occur sooner rather than later. "We still have a footprint there in Venezuela, in terms of operating bases and whatnot, and so getting equipment there to work is fairly straightforward," he says on a call with analysts. "I'm confident that we can move fairly quickly in Venezuela." As far as size, Miller says the Venezuelan oil mark is currently relatively small. But he's optimistic that it can become a much bigger business over the longer term. (connor.hart@wsj.com)

0944 ET - Halliburton CEO Jeff Miller says Venezuela represents a tremendous opportunity for the company, which provides oil producers with equipment and expertise. "I have always believed that oil and gas is the key to Venezuela's economic recovery," Miller says on a call with analysts. He notes that Halliburton began operating in the country 1938, before exiting in 2019 due to its desire to remain in compliance with U.S. sanctions. "Halliburton knows this market well, and we will grow our business there as soon as commercial and legal terms are resolved, including payment certainty," Miller says. "The early steps are already well underway." (connor.hart@wsj.com)

0941 ET - Netflix's 4Q earnings will likely increase investor scrutiny of its efforts to buy Warner, says Benchmark analyst Daniel Kurnos. The company said that 2026 would include $275 million of M&A-related expenses. Meanwhile, already high levels of content expense "could easily raise questions around just how much Netflix 'needs' Warner rather than would 'like to have' it," Kurnos says. "With higher content spend on the horizon and the risk of a PSKY over-the-top bid + uncertainty around the regulatory outcome, shares are probably trapped for the near-term." Netflix shares fall 4.5%. (nicholas.miller@wsj.com)

0937 ET - President Trump signals he wasn't too happy with Canada PM Mark Carney's speech at the World Economic Forum in Davos, Switzerland. Carney delivered a speech that opposed Trump's bid to acquire Greenland and urged countries to work collectively to counter the economic coercion from the world's great powers. "Canada gets a lot of freebies from us," Trump tells the crowd at Davos. Canada "should be grateful, but they're not. I watched your Prime Minister [Tuesday], and he wasn't so grateful. Remember that Mark the next time you make your statements." Carney's speech, lauded at home and abroad, comes as Canada tries to save USMCA, which the Trump administration will formally review later this year. (Paul.Vieira@wsj.com, @paulvieira)

0933 ET - Treasury yields fall as Trump speaks in Davos. He touted his achievements in the economy, before turning to Greenland. Trump says he's seeking talks to acquire the territory. Bonds sold off when he talked about the economy, sending yields higher, but the trend reversed when Trump turned to Greenland. Geopolitical turbulence has created a risk-off sentiment in global markets this week. The WSJ Dollar Index falls slightly. The 10-year Treasury yield is at 4.277% and the two-year at 3.580%, both falling. (paulo.trevisani@wsj.com; @ptrevisani)

0929 ET - President Trump says in Davos that he "won't use excessive force" to take Greenland, but he says "it is a core national security interest to the U.S.," and is seeking negotiations to discuss its acquisition. He says Greenland is sitting undefended in a key strategic location and that the U.S. should have kept it after World War II. He says "the U.S. alone can defend Greenland." He says the acquisition of Greenland by the U.S. would enhance the quality of the NATO alliance. He also says the U.S. is treated very unfairly by NATO. Trump tells world leaders that you can say no on Greenland "and we will remember." (patrick.sheridan@wsj.com)

0928 ET - Netflix's valuation may be approaching its bottom and should soon pick up, say KeyBanc analysts. The company last traded at a price-to-earnings ratio below 20 when its net adds briefly declined. "While we acknowledge Netflix is a more mature business today vs. back then, we do not see the same degree of competitive concerns around the business," the analysts say. The company appears poised to continue pleasing its customers and monetizing its service. While uncertainty about the Warner deal could keep investors away for now, "we struggle to see NFLX de-rating to a <20x forward multiple for long," the analysts say. (nicholas.miller@wsj.com)

0904 ET - President Trump says "the United States is in the midst of the fastest and most dramatic economic turnaround in history," in a speech to world leaders in Davos, Switzerland. He says the U.S. is experiencing "extraordinarily high economic growth," with no inflation. Trump adds that "the economy is on pace to grow at double the rate the IMF predicted last April," and he says he thinks it can go higher. Trump says the stock market has added $9 trillion to retirement accounts and savings. As he talks up the U.S. economy's performance, he says Europe isn't heading in the right direction, focusing on the region's energy transition. (patrick.sheridan@wsj.com)

0838 ET - Treasury yields fall as bond markets calm down overnight following yesterday's steep fall in prices triggered by concerns over government spending in Japan. Trump seems to soften the tone a little regarding Greenland, also helping to ease global investors' fears of geopolitical turbulence. The U.S. Supreme Court starts hearing oral arguments about Trump's intention to fire Fed governor Cook, with high stakes for central bank independence. December pending home sales at 10 a.m. ET are forecast to slow down in a WSJ survey. The 10-year Treasury yield is at 4.289% and the two-year at 3.574%, both down from yesterday as the yield curve steepens. (paulo.trevisani@wsj.com)

Teledyne Technologies Incorporated (TDY) is currently at $615.17, up $48.94 or 8.64%

• Would be new all-time closing high (Based on available data back to Nov. 23, 1999)
• Would be the first new record closing high since Oct. 6, 2025, when it closed at $593.62
• On pace for largest percent increase since March 24, 2020, when it rose 13.32%
• Currently up eight of the past nine days
• Up 20.45% month-to-date
• Up 20.45% year-to-date
• Up 20.23% from 52 weeks ago (Jan. 22, 2025), when it closed at $511.67
• Would be a new 52-week closing high
• Up 41.24% from its 52-week closing low of $435.54 on April 8, 2025
• Traded as high as $618.91; new all-time intraday high (Based on available data back to Nov. 23, 1999)
• Up 9.3% at today's intraday high; largest intraday percent increase since Nov. 9, 2020, when it rose as much as 10.87%
• Best performer in the S&P 500 today

All data as of 9:57:11 AM ET

Source: Dow Jones Market Data, FactSet