The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

1006 ET - Americans need to earn $111,252 per year to afford the typical U.S. home for sale, Redfin says. That's 46% more than the $76,020 they need to afford the typical rental. Last year, a family would have needed $115,870 annually to afford the typical home listing, 56% more than the $74,464 required for the typical rental. The gap peaked at 66% in late 2023. Redfin considers a home affordable if a buyer or renter spends no more than 30% of their income on their monthly housing payment. The income needed to afford the typical home is still much higher than what the typical American earns. The median U.S. household income is an estimated $86,185. On the renting side, the typical household earns about $10,000 more than what they need--$76,020--to afford the typical rental. (chris.wack@wsj.com)

0948 ET - Target's leadership shake-up under new CEO Michael Fiddelke largely elevated existing executives Lisa Roath and Cara Sylvester, but the company still could use an external voice, Truist analysts write in a note. "We believe that the company could benefit from an outside perspective in the C-suite given Target's stagnant performance over the last few years," they write. "In our view, this appears to be more of the same and we still believe Target could benefit from bringing in 'fresh eyes' to help re-assess how to improve the business." (elias.schisgall@wsj.com)

0943 ET - Shopify frames agentic commerce as an expansion channel rather than a product feature. On an analyst call, President Harley Finkelstein says orders from AI-driven searches are "up about 15x" year over year, noting the growth comes off a small base but is enough for Shopify to view 2025 as the year it "laid the rails" and 2026 as the year it scales. The company's push is centered on Shopify's co-developed Universal Commerce Protocol, or UCP, with Google to define how AI agents transact, and its Agentic Storefronts now syndicate merchant catalogs to Google's Gemini, ChatGPT, and Microsoft Copilot. That reach extends to non-Shopify sellers through its Agentic plan. Finkelstein says that if AI drives more transactions, Shopify captures more GMV-linked revenue. (adriano.marchese@wsj.com)

0936 ET - Shopify's 1Q outlook hinges on the momentum that carried its growth last year. CFO Jeff Hoffmeister says on a call to investors that the company expects revenue to rise in the "low 30s" percent range, matching the pace of 4Q. Payments remains the biggest driver, with Shop Pay continuing to gain share, he says. Growth from existing merchants is holding, while Shopify is still adding new sellers "of all sizes across all channels." International markets, especially in Europe, remain strong, and Hoffmeister says more of Shopify's products are rolling into additional countries. (adriano.marchese@wsj.com)

0929 ET - SharkNinja is weaker premarket despite topping 4Q EPS estimates. William Blair says, "We believe the buy-side was looking for slightly higher sales growth in the fourth quarter and in the 2026 guide." Analysts Phillip Blee and Olivia Witte say in a note that the gross margin and the earnings beat are bright spots "where the company has proved capable of more than offsetting the impact of tariffs, which we believe positions SharkNinja well for more meaningful earnings growth in 2026 despite the conservative guide." The analysts add that shares have been on a run, recovering about 40% since early November as concerns about the health of the consumer and the bear narrative around its ownership structure have largely abated. SharkNinja is off 3% premarket. (connor.hart@wsj.com)

0917 ET - Shares in Italian wealth management companies fall sharply as markets react to a product launch from U.S. financial-technology startup Altruist. The startup said a tax planning tool could analyze tax returns and payslips without manual intervention, producing tax strategies within minutes. The release sparked a selloff across U.S. and European wealth management stocks. FinecoBank shares fall 7.3%, while Banca Generali tumbles 5.6%. Banca Mediolanum, which has a large wealth management business focused on wealthy Italians, drops 6.2%. Azimut Holdings, which owns a financial advisor network, falls 3.15%. Rather than suffer from AI competition, FinecoBank will benefit because of its in-house platform incorporating the technology, Equita analysts write. (josephmichael.stonor@wsj.com)

0913 ET - Shopify is pushing deeper into consumer curation with its Shop App, a marketplace designed to pull shoppers into a more personalized, passive buying loop. On an analyst call, President Harley Finkelstein says the app will let users browse merchants, track orders and buy from Shopify-powered stores, framing it as a way to push more "curated drops" and "exclusive offers" tailored to individual interests. The company wants to meet consumers wherever they are, whether actively shopping or, as Finkelstein puts it, "casually scrolling." (adriano.marchese@wsj.com)

0911 ET - Shopify President Harley Finkelstein says North American growth was strong, with revenue from the region rising 28% and now responsible for 14% of the ecommerce business in its largest market. However, Finkelstein notes on the analyst call that its international merchant base has been growing at an even faster clip, with 36% revenue growth year-over-year. He adds that over half of the merchant base is outside of North America. (adriano.marchese@wsj.com)

0903 ET - Alimentation Couche-Tard CEO Alex Miller says on a call to investors that a series of atypical market shifts is making it difficult to hit the company's five-year "10 for the Win" plan, including its goal of reaching $10 billion in Ebitda by 2028--a target analysts already view as unlikely. Miller says "we didn't anticipate consumer softness," citing inflation's squeeze on shoppers, "their consolidation of trips and their pursuit of value." Category trends have also swung far more dramatically than normal. "Usually, categories would move 1% or 2% year-on-year... but to see it move 10%, that is happening today," he says. Food execution has lagged as well. "It was too complex when we initially ran it out, the processes weren't tight enough," he adds. (adriano.marchese@wsj.com)

0756 ET - Elliott Management's reported move raises questions about how it intends to revamp London Stock Exchange Group, AJ Bell's Dan Coatsworth writes in a note. Reports say the activist hedge fund has built a significant stake in LSEG to boost performance, without pushing for a breakup or sale, he notes. Activists typically buy undervalued shares, press for strategic changes--such as leadership shift, asset sales, or a capital reallocation--and aim to lift the share price before exiting at a profit, he adds. Some campaigns conclude within a year, while others take longer. "The market will be watching closely for Elliott to spell out how it plans to refocus LSEG and make money along the way," he says. LSEG shares are up 1.8% at 74.98 pounds.( najat.kantouar@wsj.com)

0732 ET - Bitcoin and other cryptocurrencies fall as investors exercise caution ahead of key U.S. economic data, Saxo Bank analysts say in a note. "The broader picture remains consolidation-driven, rather than trend-driven, as investors wait for clarity on inflation and [interest] rates." The nonfarm payrolls report is due at 1330 GMT followed by inflation data on Friday with both key for U.S. rate expectations. There's demand for put options that bet on falls in Coinbase and MicroStrategy, suggesting investors are tightening risks around crypto-linked equities, they say. However, exchange traded fund flows data show bitcoin-tracking iShares Bitcoin Trust ETF recorded inflows Tuesday while Ether flows were "modestly positive." Bitcoin falls 2.4% to $67,017, LSEG data show. Ether falls 2.7% to $1,953. (renae.dyer@wsj.com)

0722 ET - ABN Amro's strong dividend-per-share and distribution results could boost capital return expectations, UBS analysts Johan Ekblom and Joshua Humphreys write in a research note. The Dutch lender's capital optimization would be encouraging even without beneficial seasonal factors in the fourth quarter, they say. "The other area we think is key to today's result is the ongoing rightsizing of the cost base of the bank." The company posted a modest miss on consensus estimates for profit. Shares are down 1.1% at 30.65 euros. (william.gray@wsj.com)

(END) Dow Jones Newswires

February 11, 2026 10:06 ET (15:06 GMT)

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