Stock Focus Report – Market Analysis for February 13, 2026

Markets ended Friday the 13th with all the excitement of watching paint dry—at least on the surface. The S&P 500 inched up 3.41 points (+0.05%) to 6,836.17, while the Dow added 48.95 points (+0.10%) to 49,500.93. The Nasdaq was the party pooper, slipping 63.69 points (-0.28%) to 22,533.46.

But beneath the yawn-inducing headline numbers, individual stocks were doing gymnastics. Bitcoin ($68,886, +5.08%) dragged crypto-adjacent plays higher, with MicroStrategy (MSTR) jumping $10.88 as the digital gold rally continued. Meanwhile, DraftKings (DKNG) dropped $3.40 and Pinterest (PINS) shed $3.12, proving not everyone got the rally memo.

Treasury yields crept higher across the board—the 10-year hit 4.06% (+0.03%)—while the dollar flexed to 96.86 on the DXY index. It’s the kind of setup where the market’s holding its breath before next week’s data drops.

The biggest buzz came from Elon Musk’s SpaceX, which Bloomberg reported is considering a dual-class share structure for its highly anticipated IPO later this year. That structure—think Zuckerberg keeping voting control at Meta—would let Musk maintain his iron grip while public investors get a ticket to the rocket show. The space race just got a capitalist twist.

Over in Omaha, Warren Buffett’s Berkshire Hathaway (BRK-A) has investors glued to their calendars. The conglomerate files its Q4 equity holdings report Tuesday, and whispers suggest more selling of Apple (AAPL) and Bank of America (BAC) shares. If the Oracle trimmed his favorite stock again, expect headlines and hand-wringing all week.

Pharmaceutical drama unfolded as Johnson & Johnson (JNJ) took a legal hit—a Pennsylvania jury awarded $250,000 to a family claiming J&J’s talc baby powder caused ovarian cancer. Meanwhile, Novo Nordisk (NVO) celebrated Wegovy pill prescriptions hitting 38,220 in week five, proving Americans’ appetite for weight-loss meds shows no signs of slowing.

Investor mood felt like controlled confusion. Tech got dinged partly on tariff worries after an opinion piece reminded everyone that Trump’s tariffs cost Americans—not foreign exporters—the most. Then the Trump administration dropped plans to add Alibaba (BABA) and others to a list of companies allegedly helping China’s military, which didn’t exactly calm nerves about U.S.-China relations.

The partial government shutdown threat added another layer of uncertainty. TSA warned of flight delays and disruptions as the House and Senate left town without funding the Department of Homeland Security. Nothing says “market stability” like essential workers potentially missing paychecks, right?

Yet some sectors shrugged it all off. Cybersecurity darling CrowdStrike (CRWD) surged $18.10, and Constellation Energy (CEG) popped $12.31 as the nuclear energy thesis stayed hot. Even United Airlines (UAL) drama with Rolls-Royce (RYCEY) over A350 engine disputes couldn’t kill the vibe in select corners of the market.

Friday’s mixed close caps a week where the market proved it can climb a wall of worry—or at least lean against it without falling over. The S&P holding near record territory despite tariff talk, government shutdown threats, and geopolitical tensions shows resilience. Or denial. Probably some of both.

Next week’s Berkshire filing will dominate headlines if Buffett indeed dumped more Apple shares. That’s not just portfolio rebalancing—it’s a philosophical statement about valuations and risk from the world’s most-watched investor. Pair that with ongoing shutdown drama and potential China trade escalations, and volatility could finally wake up from its nap.

The bright spots? Microsoft (MSFT) and Ericsson (ERIC) launched the “Trusted Tech Alliance” with 13 other firms, promoting digital safety principles that could shape regulation for years. And Volkswagen (VWAGY) doubled down on its EV transformation despite Trump rolling back U.S. climate rules, showing that some corporate strategies transcend political whims. Sometimes the most important stories aren’t the loudest ones.