Stock Movers Garmin Rises, MSG Sports Jumps, Wingstop Rises on Better Than Expected Sales
Feb 18, 2026
Bailey Lipschultz, a Bloomberg equities reporter who analyzes market movers and company earnings. She covers Garmin’s big upside surprise and raised guidance. She explains MSG Sports exploring spin-offs of the Knicks and Rangers. She discusses Wingstop’s better-than-feared same-store sales and earnings.
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Broad Beat Drives Garmin Rally
- Garmin beat expectations across fitness, outdoor, aviation, marine and auto units driving a big upside in stock price.
- The company also set 2026 pro forma EPS guidance well above Wall Street estimates, signaling broad operational strength.
Spin-Off Could Unlock Team Value
- MSG Sports moved higher after its board approved exploring a spin-off of the Knicks and Rangers to attract specific investors.
- Sportico values the two teams above MSGS's enterprise value, suggesting a potential public-market re-rating if separated.
When To Buy MSGS Around A Spin-Off
- Consider buying MSGS now if you want exposure to the teams before any spin-offs, but expect a public-market discount during restructuring.
- Wait for a completed restructuring if you want a direct, purer stake in a specific team rather than the parent company.