Morning Movers
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Big Tech – Reversing early weakness on positive Russian comments after testing multi-week lows as a group premarket coming off Friday’s steep sell off as investors were rattled by warnings that Russia could invade Ukraine at any time. Shares of FB, MSFT are coming off two straight weeks of declines while AAPL, GOOGL, TSLA, AMZN were down between 2% and 7% last week. For the year, mega-cap tech stocks have declined between 5% and 35%h. FB, MSFT, AAPL, GOOGL, TSLA, AMZN

PTON.NQ -0.81%
Peloton Interactive – Lower premarket on a Financial Times report suggesting new CEO Barry McCarthy has cooled sale talks for home fitness company – McCarthy instead plans to pursue growth by doubling down on content, expanding to new countries and increasing its product portfolio.

RIVN.NQ 3.64%
Rivian Automotive – Trading higher on reports billionaire George Soros’ investment fund has taken a more than $1 billion stake in the electric-pickup truck maker.

COIN.NQ 0.07%
Coinbase Global – BTC prices popping on positive comments from Russian officials suggesting there may be a way to avoid military action in Ukraine. Separately, after a surge in traffic following a Super Bowl advertisement Sunday the company’s app crashed briefly. A floating, colorful QR code was displayed during NFL’s title game, the biggest U.S. TV event of the year, and it redirected people to a link that offered $15 in bitcoin BTC=BTSP to those who sign up for a Coinbase account before Feb. 15.

Oil Stocks – Lower to start after another strong rally to multi-year highs last week, OPEC this morning has said current monthly output continues to meet demand and prices remain “not too high” for consumers. XOM, OXY, CVX, MRO

SOFI.NQ 4.27%
SoFi Technologies – Higher premarket, multiple positive analysts moves on the stock to end the week Friday, continues to gain momentum following Super Bowl Sunday and SoFi Stadium.

TCBP.NQ 12.75%
TC Biopharma – Tiny IPO from last week sharply higher premarket on no news, 4.7m shares were sold in an upsized $17.5m IPO on Thursday.

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