Daily coverage of equity markets, sectors, and major indices.
In-depth reporting on U.S. and global stock markets, including index performance, sector rotation, earnings reactions, volatility trends, and notable single-stock moves. Designed to help traders and investors understand what is driving price action across equities.
30,184 total articles
Qualcomm shares fell sharply in morning trading, hit by a broad liquidation of AI and semiconductor stocks that began in Asia and was compounded by an analyst note and reports of sizeable acquisition talks. The drop reflects heightened investor concern about valuation, capital allocation and competitive dynamics as the company prepares for its Inve…
Mammoth Energy Services Inc. (NASDAQ:TUSK) saw its share price jump 7.7% on Tuesday after Wexford Capital LP purchased 4,019,574 shares on June 17 for approximately $10.47 million. A Form 4 filing shows the acquisition at $2.6043 per share and details additional share transfers to Wexford-managed entities and personnel, bringing Wexford-aligned hol…
IP Group on Tuesday turned down a £613.1 million takeover proposal from Railpen, its largest shareholder, saying the bid materially undervalued the company. The offer combined 59 pence per share in cash, a distribution of IP Group’s Oxford Nanopore stake and a contingent value right of up to 5 pence tied to a potential Istesso sale. The board unani…
Norwegian equities closed modestly lower Tuesday, with the Oslo OBX slipping 0.08%. Losses concentrated in the Media, Transport and Diversified Financials sectors drove the market down marginally. A handful of names posted notable gains, while several larger-cap stocks recorded declines. Commodity prices and currency moves were also notable during …
Greek equities closed lower on Tuesday, with the Athens General Composite retreating 1.13% as losses concentrated in the Banking, Telecoms and Household sectors. Decliners outnumbered advancers by a wide margin. A handful of stocks posted gains, while commodities including gold and crude oil declined and the U.S. Dollar Index futures rose.
Goldman Sachs has raised earnings forecasts and price targets across less-than-truckload (LTL) and truckload transportation companies through 2028, and increased its upside 'blue sky' scenarios, pointing to improving freight fundamentals, easing volume declines and stronger pricing than previously modeled.
Tuesday's trading session featured steep declines across several large technology and storage-related stocks, with SanDisk (SNDK) and Micron (MU) among the largest percentage losers. Larger-cap semiconductor equipment and chipmakers also fell in the range of roughly 6.7% to 9.1%. At the same time, a mix of mid- and small-cap companies produced both…
The U.S. Supreme Court on Tuesday curtailed the scope of the Alien Tort Statute and ended litigation brought by Falun Gong members accusing Cisco Systems of supplying technology that enabled China's surveillance and persecution. The court reversed a lower-court ruling that had allowed the 2011 case to proceed toward discovery, maintaining a precede…
The U.S. Supreme Court ruled 6-3 that foreign sovereign immunity is not available to shield a Cuban state-owned firm from a Title III claim under the Helms-Burton Act, removing a major procedural barrier in ExxonMobil’s 2019 suit against Corporación CIMEX over assets seized after the 1959 Cuban revolution. The case returns to a lower court for furt…
Bank of America has raised its year-end targets for Japanese equity indices, increasing the Nikkei 225 target to 76,000 and the TOPIX target to 4,400, pointing to nearly 15% upside for the Nikkei from current levels and a potential peak of 80,000 by year-end. The revisions reflect stronger-than-expected AI demand and a higher chance that the Strait…
Texas Pacific Land Corp shares climbed in morning trading after the company confirmed an agreement with Chevron to supply surface acreage and brackish water for Project Kilby, a large natural gas power generation facility in Reeves County, Texas. The project, announced June 22, is linked to a 20-year power purchase agreement with Microsoft to provi…
Shares of AST SpaceMobile (ASTS) rose more than 4% on Tuesday after the company disclosed plans to launch three additional BlueBird satellites - BlueBirds 11, 12, and 13 - into low Earth orbit in the first half of August. The mission, to depart from Cape Canaveral aboard a Falcon 9 rocket, follows a June 2026 launch that placed BlueBirds 8, 9, and …
Oracle eliminated roughly 21,000 positions over the past year - nearly 13% of its workforce - as it accelerates AI deployment and expands related infrastructure. The company reported a headcount decline to 141,000 full-time employees as of May 2026 and set aside $1.8 billion for restructuring, while disclosing plans to raise substantial capital and…
The iShares Semiconductor ETF plunged early in the session after a severe sell-off in global technology shares, led by a near-10% collapse in South Korean chip stocks that triggered a market circuit breaker. Concerns about SK Hynix slowing AI memory expansion, prominent bearish commentary on the AI hardware trade, and pre-earnings profit-taking in …
Chewy Inc. shares climbed 3.1% in morning trading after TD Cowen designated the online pet retailer its top small- and mid-cap idea for 2026, kept a Buy rating and reiterated a $34 price target. The firm pointed to multiple growth and margin drivers and valued the company at about 6.3x EV/EBITDA, forecasting a 15% EBITDA compound annual growth rate…
Applied Materials shares fell sharply in morning trading as a series of negative inputs converged: a steep drop in South Korea's KOSPI and heavy losses at major memory makers, a shift in analyst preference toward a peer, sizable insider liquidations, and signs of compressed free cash flow despite record revenue. Broader U.S. markets declined, ampli…
Texas Pacific Land Corporation said it has entered an agreement with Chevron U.S.A. Inc. to provide surface acreage and brackish groundwater access for a large-scale power generation facility in Reeves County, Texas. The arrangement gives TPL cash consideration and the exclusive right to source aquifer-derived water for Chevron's Project Kilby, a p…
The Indian government said it will sell up to 2% of its holding in Indian Railway Finance Corp (IRFC) via an offer for sale (OFS). The divestment secretary posted that the government will divest 1% outright and may sell an additional 1% if investor demand supports it. The non-retail tranche opens on Wednesday and the retail tranche on Thursday. The…
Chewy Inc. stock rose 3.5% following TD Cowen analyst William Kerr's reaffirmation of a Buy rating and a $34.00 price target. Kerr designated Chewy as the firm's Best Smidcap Idea for 2026, pointing to several initiatives - including CVC and Modern Animal, advertising, automation, Chewy+, and generative AI - that he expects will support revenue and…
Carnival Corp warned that third-quarter adjusted earnings per share will come in below analyst expectations as nearly 30 percent higher fuel costs and ongoing geopolitical tensions pressure margins. The company reiterated an earlier estimate that higher fuel prices would exceed $500 million in impact, and said its quarterly adjusted EPS is expected…
Robinhood Markets shares fell sharply in morning trading after the company priced a $2.0 billion private placement of 0.00% convertible senior notes due October 1, 2029. Investors reacted to the potential for future shareholder dilution despite measures the company took to limit conversion impact; the stock hit an intraday low near $101 before reco…
Inspire Medical Systems stock fell in morning trading after Evercore ISI downgraded the shares from Outperform to In Line and cut its price target to $40 from $55, pointing to persistent reimbursement coding obstacles and uncertain near-term revenue. The rejection of a standalone CPT code at a May panel, management's projection that coding uniformi…
Seagate Technology shares tumbled in morning trading as a widespread selloff in memory and storage stocks - sparked by a near-10% collapse in South Korea's KOSPI index - pushed investor sentiment into risk-off territory. The company also faced a downgrade from Fox Advisors and ongoing valuation concerns, compounding the market-driven weakness.
Susquehanna Financial Group opened coverage of SpaceX (SPCX) with a Neutral rating and a $170 price objective. Analyst Charles Minervino highlighted the company’s leadership in rocket launches, growth potential at Starlink, and an emergent AI business tied to xAI, while warning that current market pricing requires premium multiples on very aggressi…
Shares of Inspire Medical Systems fell about 2.5% after Evercore ISI downgraded the stock from Outperform to In Line and reduced its price target to $40 from $55. The analyst cited persistent medical coding uncertainty - with a potential path to coding uniformity not expected until January 2028 - alongside internal operational challenges including …
